Overview
What is 4-K Housing Inc?
4-K Housing Inc is a nonprofit organization dedicated to developing, financing, and operating affordable assisted living facilities for senior citizens with Alzheimer's disease and other dementia-related illnesses. Based in Texas, specifically at 317 Martinique Pass in Lakeway, this corporation aims to provide stable, healthy, and program-enriched housing with personal care support to meet the unique needs of its residents. With a mission to benefit seniors struggling with these conditions, 4-K Housing Inc currently operates three facilities, offering a total of 221 quality, affordable assisted living memory care units.
What are the reviews and ratings of this charity?
Charity Navigator rates 4-K Housing Inc at 56%, which results in a One-Star out of Four Star rating. This score reflects concerns around accountability and finance, particularly the lack of independent board members and the absence of critical policies on document retention and whistleblowing. While the organization has passed financial audits and shows a strong program expense ratio, other governance issues significantly impact its overall rating.
The strengths of 4-K Housing Inc include effective financial statements and a strong commitment to program expenses, indicating that funds may be directed towards their mission. However, the lack of independent board oversight raises questions about governance and decision-making processes. Moreover, the failure to post necessary documents on their website limits transparency for stakeholders and potential donors.
Overall, while 4-K Housing Inc demonstrates some financial soundness and effective program spending, the governance issues highlighted in their rating suggest a need for improvement in accountability practices. Potential supporters should consider these factors when evaluating their contribution.
This AI summary has been generated from information found on Charity Navigator.
Is 4-K Housing Inc legitimate?
4-K Housing Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. 4-K Housing 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: $4,482,768
For more financial information, click here
What is the mission statement of 4-K Housing Inc?
4-K Housing Inc is dedicated to providing long-term, quality, and healthy housing solutions tailored to senior citizens dealing with Alzheimer's disease and other dementia-related illnesses. The corporation's mission is geared towards developing, financing, and managing affordable assisted living memory care units that cater to the specific needs of these residents. Their services extend beyond housing, as they offer personal care support to ensure the overall wellbeing and comfort of the senior citizens. The organization's focus on program-enriched environments underscores its commitment to improving the quality of life for its residents. Through its efforts, 4-K Housing Inc creates stable and supportive living environments that enable senior citizens to live with dignity while receiving the necessary care and attention.
Who is the CEO of 4-K Housing Inc?
Robbie L Wittner is the Chairman, Coo, Secretary of 4-K Housing Inc.
What is the revenue of 4-K Housing Inc?
4-K Housing Inc's revenue in 2022 was $11,956,615.
Who are the executives of 4-K Housing Inc and what are their salaries?
Here are 5 key members and their salaries:
- Compensation: $0
- Related: $0
- Other: $39,398
- Compensation: $0
- Related: $115,725
- Other: $21,735
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $21,729
Where can I find the form 990 for 4-K Housing Inc?
4-K Housing Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of 4-K Housing Inc
4-K Housing Inc, a dedicated nonprofit organization, focuses on the development, financing, and long-term operation of quality, stable, and healthy program-enriched affordable housing for senior citizens suffering from Alzheimer's disease and other dementia-related illnesses. The corporation was established with the mission to provide essential services beneficial to this specific demographic.
In their commitment to improving the lives of these seniors, 4-K Housing Inc operates three senior living facilities, offering a total of 221 affordable assisted living memory care units. These units are designed to cater to the unique needs of senior citizens, ensuring a safe and supportive environment for them to live in. Personal care assistance is also provided, enhancing their overall well-being.
The nonprofit's primary goal is to create a community where seniors with Alzheimer's disease and other dementia-related illnesses can thrive and live comfortably. By providing affordable housing solutions, 4-K Housing Inc enables these individuals to receive the necessary care and attention they require, allowing them to maintain their dignity and independence. The organization's mission is a beacon of hope for countless seniors, offering them a place to call home and a chance to live their golden years with peace and security.
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Impact
October, 2024
4-K Housing Inc significantly impacts the community by developing and operating high-quality, affordable housing specifically tailored for senior citizens facing Alzheimer's disease and other dementia-related illnesses. The organization manages three senior living facilities in Lakeway, Texas, offering a total of 221 assisted living memory care units. This initiative not only provides stable housing but also ensures that residents receive personal care support that is designed to meet their unique needs, enhancing their quality of life. By creating program-enriched environments, 4-K Housing Inc fosters a sense of community and belonging, which is crucial for the well-being of individuals with cognitive impairments. Overall, its efforts contribute to improving the lives of vulnerable seniors and their families by providing essential services and a supportive living environment.
This information is meant to be a general summary of 4-K Housing 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: $35,997
- Program Service Revenue: $11,920,618
- Gross Receipts: $11,956,615
Assets and Liabilities:
- Total Assets: $44,144,375
- Total Liabilities: $52,499,061
- Net Assets: -$8,354,686
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RENTAL INCOME
Revenue
$10,462,860
TENANT CHARGES
Revenue
$1,457,758
Organization Details
Founding Year
2013
Phone
(972) 980-4805Principal Officer
Robbie L Wittner
Main Address
317 MARTINIQUE PASS, LAKEWAY, TX, 78734
NTEE Category
Code: P81 - Human services
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