Overview
What is Keystone Development Inc?
Keystone Development Inc, located in Johnson City, Tennessee, is a dedicated nonprofit organization. Their primary mission is to ensure the provision of safe, clean, secure, and affordable housing for individuals with limited or no income within the city. This commitment extends beyond just providing housing; they strive to improve the living conditions of their community members in need. The organization's work is crucial in addressing housing disparities in Johnson City, Tennessee.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 94%, Four-Star out of Four Star rating
Keystone Development Inc has achieved an impressive 94% score from Charity Navigator, reflecting its commitment to accountability and financial health. The charity's strong performance is entirely rooted in its Accountability & Finance score, which highlights rigorous governance standards and effective financial management practices. The organization boasts a fully independent board, ensuring unbiased oversight and strategic decision-making.
The financial metrics of Keystone Development Inc are particularly noteworthy, with a program expense ratio of 84.80%, indicating that a significant portion of its resources is allocated directly to its programs. The organization also maintains a low liabilities to assets ratio of 5.73%, showcasing its financial stability and prudent management of resources. Furthermore, the presence of comprehensive policies on conflicts of interest, whistleblower protections, and document retention enhances its credibility.
While the overall rating is strong, the summary does not indicate any specific areas for improvement within the organization. The charity's adherence to best practices and its robust financial health lend it a high level of trust among donors and stakeholders.
This AI summary has been generated from information found on Charity Navigator.
Is Keystone Development Inc legitimate?
Keystone Development Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Keystone Development 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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What is the mission statement of Keystone Development Inc?
Keystone Development Inc is committed to promoting and providing safe, sanitary, secure, and affordable housing solutions for individuals with limited or no income. Their mission is to address the housing needs of this group, ensuring they have a decent living environment. This organization's primary objective is to make housing accessible and affordable, thereby improving the quality of life for these individuals. They operate in an unspecified location, but their focus remains on catering to those in need, thereby fostering a sense of community and well-being.
Who is the CEO of Keystone Development Inc?
Sam Edwards is the Chairperson of Keystone Development Inc.
What is the revenue of Keystone Development Inc?
Keystone Development Inc's revenue in 2022 was $490,725.
Who are the executives of Keystone Development Inc and what are their salaries?
Here are 7 key members and their salaries:
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- Related: $218,822
- Other: $21,026
Where can I find the form 990 for Keystone Development Inc?
Keystone Development Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Keystone Development Inc
Keystone Development Inc is committed to promoting and providing safe, sanitary, secure, and affordable housing for individuals with limited or no income. This mission statement encapsulates the organization's dedication to addressing a crucial need within its community, ensuring that all individuals have access to housing that meets basic standards of safety and affordability. By focusing on this population, Keystone Development Inc seeks to make a significant impact on the lives of those who might otherwise struggle to secure suitable housing. The organization's mission is a testament to its belief in the importance of housing as a fundamental human right and its commitment to supporting those who may face challenges in meeting this basic need.
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Impact
July, 2024
Keystone Development Inc's impact is evident in its commitment to promoting and providing safe, sanitary, secure, and affordable housing for those with little or no income in Johnson City, Tennessee. By focusing on this mission, Keystone Development Inc plays a crucial role in addressing the housing needs of an underserved population in the community. Their efforts contribute to improving the quality of life for individuals and families facing financial challenges, providing them with a stable and supportive living environment. Through their dedication to affordable housing, Keystone Development Inc positively impacts the social fabric of Johnson City, making it a more inclusive and thriving community for all residents.
This information is meant to be a general summary of Keystone Development 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: $153
- Program Service Revenue: $154,058
- Gross Receipts: $490,725
Assets and Liabilities:
- Total Assets: $4,654,603
- Total Liabilities: $364,908
- Net Assets: $4,289,695
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
DWELLING RENTAL
Revenue
$152,153
OTHER TENANT REVENUE
Revenue
$1,905
Organization Details
Founding Year
2013
Phone
(423) 232-4784Principal Officer
Sam Edwards
Main Address
901 PARDEE STREET, JOHNSON CITY, TN, 37601
NTEE Category
Code: L21 - Housing
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