Overview
What is Kalamazoo Neighborhood Housing Services Inc?
Kalamazoo Neighborhood Housing Services Inc, based in Kalamazoo, Michigan, is a nonprofit organization with a mission to revitalize neighborhoods and promote homeownership in collaboration with residents and community partners. They offer an affordable and attractive housing solution through a lease purchase program, helping clients become mortgage-ready during the lease portion of the program. The organization assists clients in navigating the pre-purchase mortgage process, ensuring a smooth transition into homeownership. With a dedicated workforce of 18 individuals, Kalamazoo Neighborhood Housing Services Inc works tirelessly to improve the living conditions and foster a sense of community in their area.
Official website here: www.knhs.org
What are the reviews and ratings of this charity?
Rating from Charity Navigator: 96%, Four-Star out of Four Star rating
Kalamazoo Neighborhood Housing Services Inc has demonstrated exceptional performance in various areas, achieving a high overall score of 96%. This rating reflects strong accountability and finance practices, with a notable program expense ratio of 86.26%, indicating that a significant portion of their funds directly supports their programs. Additionally, their liabilities to assets ratio is at a manageable 36.22%, suggesting a healthy financial position.
The organization excels in community engagement, as evidenced by perfect scores in feedback collection and usage, as well as practices and equity strategies. This highlights their commitment to involving stakeholders and responding to their needs, which contributes to their strong reputation in the community.
Despite these strengths, no specific limitations are noted in the available data, indicating that Kalamazoo Neighborhood Housing Services Inc is effectively managing its resources and maintaining a positive impact in the housing sector. Overall, the organization is well-regarded for its transparency, financial health, and community involvement.
This AI summary has been generated from information found on Charity Navigator.
Is Kalamazoo Neighborhood Housing Services Inc legitimate?
Kalamazoo Neighborhood Housing Services Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Kalamazoo Neighborhood Housing Services Inc submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $95,165
Professional Fundraising Fees: $0
Other Salaries and Wages: $970,014
For more financial information, click here
Official website here: www.knhs.org
What is the mission statement of Kalamazoo Neighborhood Housing Services Inc?
Kalamazoo Neighborhood Housing Services Inc, in collaboration with residents and community partners, is committed to revitalizing neighborhoods. Their mission is to promote comprehensive strategies that encourage homeownership. Through their Lease Purchase program, they offer affordable housing options, working closely with clients to prepare them for mortgage readiness during the lease period. Their goal is to guide clients through the pre-purchase mortgage process, ultimately aiding in the transition to homeownership.
Official website here: www.knhs.org
Who is the CEO of Kalamazoo Neighborhood Housing Services Inc?
Beth Mccann is the Executive Di of Kalamazoo Neighborhood Housing Services Inc.
Official website here: www.knhs.org
What is the revenue of Kalamazoo Neighborhood Housing Services Inc?
Kalamazoo Neighborhood Housing Services Inc's revenue in 2022 was $3,122,232.
Official website here: www.knhs.org
Who are the executives of Kalamazoo Neighborhood Housing Services Inc and what are their salaries?
The average compensation at Kalamazoo Neighborhood Housing Services Inc during 2022 was $59,177. There are 18 employees and 60 volunteers at Kalamazoo Neighborhood Housing Services Inc.
Here are 14 key members and their salaries:
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Official website here: www.knhs.org
Where can I find the form 990 for Kalamazoo Neighborhood Housing Services Inc?
Kalamazoo Neighborhood Housing Services Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.knhs.org
Learn more at the official website: www.knhs.org
Mission Statement of Kalamazoo Neighborhood Housing Services Inc
Kalamazoo Neighborhood Housing Services Inc, in collaboration with residents and community partners, is committed to revitalizing neighborhoods and promoting comprehensive strategies that encourage homeownership. Their mission is twofold: firstly, they aim to revitalize neighborhoods, investing in the community to create attractive living environments. Secondly, they promote homeownership by offering affordable housing options and guiding clients through the mortgage readiness process. Through their Lease Purchase program, Kalamazoo Neighborhood Housing Services Inc provides an opportunity for individuals to acquire homes at an affordable rate. During the lease portion of the program, the organization works closely with clients to prepare them for purchasing a home, ensuring they are mortgage-ready. This holistic approach to homeownership by Kalamazoo Neighborhood Housing Services Inc not only enhances the living conditions of individuals but also contributes to the overall revitalization of neighborhoods.
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Impact
July, 2024
Kalamazoo Neighborhood Housing Services Inc's impact can be seen in the revitalization of neighborhoods and the promotion of comprehensive strategies that foster homeownership in Kalamazoo. Through initiatives like the lease purchase program, KNHS offers affordable and attractive houses to help individuals achieve homeownership. By working with residents and community partners, KNHS plays a crucial role in creating opportunities for sustainable housing solutions and neighborhood development.
This information is meant to be a general summary of Kalamazoo Neighborhood Housing Services Inc. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Investment Income: $32,926
- Program Service Revenue: $426,614
- Gross Receipts: $3,622,878
Assets and Liabilities:
- Total Assets: $6,610,582
- Total Liabilities: $2,394,532
- Net Assets: $4,216,050
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
CONSTRUCTION SERVICE FEES
Revenue
$226,415
FEES FOR SERVICES
Revenue
$101,690
RENTAL INCOME - KNHS
Revenue
$61,202
MORTGAGE INTEREST
Revenue
$37,307
Organization Details
Founding Year
1981
Phone
(269) 385-2916Principal Officer
Beth Mccann
Main Address
1219 S PARK STREET, KALAMAZOO, MI, 49001
Website
www.knhs.orgNTEE Category
Code: L20Z - Housing
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