Overview
What is Ktd Home Ownership Maximization Enterprise Corp?
Ktd Home Ownership Maximization Enterprise Corp is a dedicated nonprofit organization situated in Spring Valley, New York. Their primary mission is to assist low-income families by engaging in community development activities. They identify suitable locations for affordable housing development and actively advocate for multifamily zoning approvals that can accommodate such projects. By doing so, Ktd Home Ownership Maximization Enterprise Corp contributes to providing viable housing options for families in financial need, promoting community growth and development.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 65% (Two-Star out of Four Star rating)
Ktd Home Ownership Maximization Enterprise Corp has received a Two-Star rating from Charity Navigator, reflecting a score of 65%. This rating is primarily influenced by its Accountability & Finance metrics, demonstrating strengths in board independence and financial transparency. The organization boasts a fully independent board with no reported material diversion of assets, and it has established conflict of interest policies, contributing positively to its accountability.
The organization excels in its program expense ratio, allocating 100% of its costs to its mission-related activities, which indicates a strong commitment to its goals. Additionally, the documentation of board meeting minutes signifies good governance practices. However, the organization faces challenges related to its liabilities to assets ratio, which stands at 78.87%, indicating potential concerns about financial leverage.
Overall, while Ktd Home Ownership Maximization Enterprise Corp performs well in several areas of accountability and financial management, its high liabilities to assets ratio suggests that stakeholders should monitor its financial health closely.
This AI summary has been generated from information found on Charity Navigator.
Is Ktd Home Ownership Maximization Enterprise Corp legitimate?
Ktd Home Ownership Maximization Enterprise Corp is a legitimate nonprofit organization registered as a 501(c)(3) entity. Ktd Home Ownership Maximization Enterprise Corp 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 Ktd Home Ownership Maximization Enterprise Corp?
Ktd Home Ownership Maximization Enterprise Corp's mission is centered around assisting low-income families through community development. The corporation identifies suitable locations for affordable housing development and actively advocates for multifamily zoning approvals that can facilitate such development. Their aim is to contribute positively to the availability of affordable housing options for disadvantaged families. The organization's activities primarily revolve around promoting and facilitating the development of affordable housing in appropriate locations.
Who is the CEO of Ktd Home Ownership Maximization Enterprise Corp?
Abraham Eisenberg is the Director of Ktd Home Ownership Maximization Enterprise Corp.
What is the revenue of Ktd Home Ownership Maximization Enterprise Corp?
Ktd Home Ownership Maximization Enterprise Corp's revenue in 2022 was $23,570.
Who are the executives of Ktd Home Ownership Maximization Enterprise Corp and what are their salaries?
There 5 volunteers at Ktd Home Ownership Maximization Enterprise Corp.
Here are 3 key members and their salaries:
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Where can I find the form 990 for Ktd Home Ownership Maximization Enterprise Corp?
Ktd Home Ownership Maximization Enterprise Corp's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Ktd Home Ownership Maximization Enterprise Corp
Ktd Home Ownership Maximization Enterprise Corp is committed to assisting low-income families through community development. This nonprofit organization identifies locations that are suitable for affordable housing development and advocates for multifamily zoning approvals that can accommodate such developments. By doing so, Ktd Home Ownership Maximization Enterprise Corp aims to contribute to the provision of affordable housing options for families in need.
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Impact
August, 2024
Ktd Home Ownership Maximization Enterprise Corp has positively impacted the community by assisting low-income families through community development. They have identified appropriate locations for affordable housing development and advocated for multifamily zoning approvals to accommodate affordable housing projects. This has helped improve access to affordable housing for low-income families in the SPRING VALLEY, NY area.
This information is meant to be a general summary of Ktd Home Ownership Maximization Enterprise Corp. 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.
- Gross Receipts: $50,180
Assets and Liabilities:
- Total Assets: $18,112,094
- Total Liabilities: $14,285,915
- Net Assets: $3,826,179
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Organization Details
Founding Year
2015
Phone
(646) 768-4101Principal Officer
Abraham Eisenberg
Main Address
37 REAGAN RD, SPRING VALLEY, NY, 10977
NTEE Category
Code: L02 - Housing
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