Overview
What is Kiwanis Heritage Inc?
Kiwanis Heritage Inc is a nonprofit organization located in East Troy, Wisconsin. Its primary mission is to provide senior housing, specifically a 50-unit facility named Heritage East Troy. Established with the intention of catering to the elderly community, this organization plays a significant role in offering suitable living arrangements for seniors in East Troy.
Official website here: www.heritageeasttroy.com
What are the reviews and ratings of this charity?
Charity Navigator Rating: Needs Improvement (Two-Star out of Four Star rating, Overall score: 69%)
Kiwanis Heritage Inc holds a two-star rating from Charity Navigator, indicating that there are areas requiring significant improvement within the organization. While the charity has a strong accountability and finance score of 69% and exhibits a fully independent board, there are critical deficiencies in governance policies, such as the absence of a conflict of interest policy and a whistleblower policy. Additionally, the nonprofit's liabilities to assets ratio is concerning at 127.69%, suggesting potential financial stability issues.
The organization demonstrates a commitment to its programs, with an impressive program expense ratio of 98.71%, indicating that the majority of its funds are allocated toward its mission-related activities. The presence of an audit and oversight committee and no material diversion of assets reflects positively on its financial management. However, the lack of transparency in posting tax forms on its website and the missing policies could raise concerns among potential donors and stakeholders.
Overall, while Kiwanis Heritage Inc shows strengths in program expenditure and board independence, it must address its governance shortcomings and financial liabilities to improve its standing and ensure trust with the public and donors.
This AI summary has been generated from information found on Charity Navigator.
Is Kiwanis Heritage Inc legitimate?
Kiwanis Heritage Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Kiwanis Heritage 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.
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Official website here: www.heritageeasttroy.com
What is the mission statement of Kiwanis Heritage Inc?
Kiwanis Heritage Inc was established with the primary objective of providing a 50-unit senior housing facility. This facility, named Heritage East Troy, is located in East Troy, Wisconsin. The organization's mission is centered around this project, aiming to offer suitable living accommodations for senior citizens. While the provided information is limited, it suggests that Kiwanis Heritage Inc is committed to enhancing the living conditions and providing support for senior citizens.
Official website here: www.heritageeasttroy.com
Who is the CEO of Kiwanis Heritage Inc?
Candace Porter is the Director of Kiwanis Heritage Inc.
Official website here: www.heritageeasttroy.com
What is the revenue of Kiwanis Heritage Inc?
Kiwanis Heritage Inc's revenue in 2022 was $704,979.
Official website here: www.heritageeasttroy.com
Who are the executives of Kiwanis Heritage Inc and what are their salaries?
Here are 8 key members and their salaries:
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Official website here: www.heritageeasttroy.com
Where can I find the form 990 for Kiwanis Heritage Inc?
Kiwanis Heritage Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.heritageeasttroy.com
Learn more at the official website: www.heritageeasttroy.com
Mission Statement of Kiwanis Heritage Inc
Kiwanis Heritage Inc, a nonprofit organization, was established with a specific mission. Their primary objective is to provide a 50-unit senior housing facility. This facility, named Heritage East Troy, is located in the town of East Troy, Wisconsin. Kiwanis Heritage Inc's mission is centered around offering a comfortable living space for senior citizens, providing them with a community where they can age with dignity and security. The organization's work is instrumental in addressing the housing needs of the elderly, contributing to their overall well-being and quality of life.
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Impact
July, 2024
Kiwanis Heritage Inc's impact lies in providing a 50-unit senior housing facility in East Troy, Wisconsin, known as Heritage East Troy. This organization plays a crucial role in meeting the housing needs of senior citizens in the East Troy community, offering a supportive and safe environment for older individuals to live comfortably. By offering this essential service, Kiwanis Heritage Inc positively impacts the lives of seniors by providing them with a place to call home and fostering a sense of community and belonging.
This information is meant to be a general summary of Kiwanis Heritage 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: $1,504
- Program Service Revenue: $703,475
- Gross Receipts: $704,979
Assets and Liabilities:
- Total Assets: $2,390,285
- Total Liabilities: $3,052,198
- Net Assets: -$661,913
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RENTAL INCOME
Revenue
$652,845
CABLE INCOME
Revenue
$20,506
GARAGE PARKING INCOME
Revenue
$20,169
LAUNDRY INCOME
Revenue
$6,937
MISCELLANEOUS INCOME
Revenue
$3,018
Organization Details
Founding Year
1994
Phone
(262) 642-4800Principal Officer
Candace Porter
Main Address
3223 NORTH STREET, EAST TROY, WI, 53120
Website
www.heritageeasttroy.comNTEE Category
Code: L22 - Housing
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