Overview
What is Kenwood Properties Inc?
Kenwood Properties Inc, situated in Adams, Wisconsin, is a nonprofit organization that specializes in providing affordable housing for individuals with disabilities who fall under the category of low-income earners. The company's primary mission is to make housing accessible and affordable for very low-income handicapped individuals, operating an 8-unit apartment complex to fulfill this purpose. Kenwood Properties Inc plays a crucial role in supporting this vulnerable population, ensuring they have a secure living environment.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 84% (Three-Star out of Four Star rating)
Kenwood Properties Inc has been rated with a score of 84%, reflecting a solid performance in accountability and finance. This rating is important as it indicates that the organization adheres to good practices in financial management and transparency, essential for earning public trust.
The organization excels in several key areas, including having a majority of independent board members and no material diversion of assets, which indicates strong governance. Additionally, they have implemented various policies such as conflict of interest, whistleblower, and document retention, all of which contribute positively to their accountability score.
One notable aspect is the organization's program expense ratio, which stands at 80.89%, indicating a significant portion of their resources is directed towards programmatic activities. However, potential donors may want to consider the salaries of key personnel, which could be seen as high relative to the organization's financial size. Overall, while Kenwood Properties Inc demonstrates commendable financial and operational standards, careful consideration of all factors is advisable for stakeholders.
This AI summary has been generated from information found on Charity Navigator.
Is Kenwood Properties Inc legitimate?
Kenwood Properties Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Kenwood Properties 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: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
What is the mission statement of Kenwood Properties Inc?
Kenwood Properties Inc's mission is centered around making affordable housing accessible for individuals with disabilities who fall into the category of very low-income earners. The organization's primary objective is to provide these individuals with suitable apartments. The mission of Kenwood Properties Inc is therefore to make available and affordable apartments for this specific demographic.
What is the revenue of Kenwood Properties Inc?
Kenwood Properties Inc's revenue in 2023 was $59,885.
Who are the executives of Kenwood Properties Inc and what are their salaries?
There 4 volunteers at Kenwood Properties Inc.
Here are 4 key members and their salaries:
- Compensation: $0
- Related: $118,046
- Other: $11,795
- Compensation: $0
- Related: $71,221
- Other: $8,448
- Compensation: $0
- Related: $5,247
- Other: $0
- Compensation: $0
- Related: $55,840
- Other: $812
Where can I find the form 990 for Kenwood Properties Inc?
Kenwood Properties Inc's most recent form 990 was submitted in 2023 and can be accessed here.
Mission Statement of Kenwood Properties Inc
Kenwood Properties Inc, a nonprofit organization, is committed to making affordable housing available for very low-income individuals with disabilities. Their mission is to ensure that these individuals have accessible and reasonably priced apartments to call home. The organization operates an eight-unit apartment complex to fulfill this mission, providing a much-needed service for those in need. By offering affordable housing, Kenwood Properties Inc is helping to create stable living environments for individuals with disabilities, thereby improving their overall quality of life.
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Impact
August, 2024
Kenwood Properties Inc's impact is primarily focused on providing affordable housing for low-income individuals with disabilities. Operating an 8-unit apartment complex in Adams, WI, Kenwood Properties Inc plays a crucial role in offering housing options for very low-income handicapped persons. By fulfilling their mission of making affordable apartments available to this specific demographic, Kenwood Properties Inc contributes to addressing the housing needs of a vulnerable population and helps improve their quality of life.
This information is meant to be a general summary of Kenwood Properties 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 2023.
- Investment Income: $78
- Program Service Revenue: $26,997
- Gross Receipts: $59,885
Assets and Liabilities:
- Total Assets: $584,480
- Total Liabilities: $11,947
- Net Assets: $572,533
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RENTAL INCOME
Revenue
$26,997
Organization Details
Founding Year
2002
Principal Officer
Alfred Hebert
NTEE Category
Code: L20 - Housing
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