Overview
What is Kenilworth Parkside Resident Management Corporation?
Kenilworth Parkside Resident Management Corporation, or KPRMC, is a nonprofit organization situated in the DC area. Their primary focus is to aid in offering affordable housing solutions for low-income individuals. KPRMC's activities revolve around this mission, ensuring they contribute positively to the local community by providing housing assistance.
What are the reviews and ratings of this charity?
Charity Navigator Rating: Needs Improvement
Kenilworth Parkside Resident Management Corporation received a Two-Star out of Four Star rating from Charity Navigator, reflecting an overall score of 67%. This rating indicates that while the organization has some strengths, particularly in governance, it falls short in several critical areas related to accountability and transparency. The board is fully independent, and there are no issues with the diversion of assets, highlighting strong organizational integrity.
However, the organization faces significant limitations in financial oversight and policy implementation. The lack of a conflict of interest policy, whistleblower policy, and document retention policy points to potential areas of risk in governance practices. Additionally, the absence of financial statements and tax forms on their website could hinder public trust and accountability.
Despite these challenges, Kenilworth Parkside demonstrates a strong commitment to its programs, with an impressive program expense ratio of 91.93%. This indicates that the majority of its funding is directed towards its mission-driven activities, which is a positive aspect for supporters and beneficiaries alike. Nonetheless, improvements in transparency and financial reporting are essential for enhancing trust and effectiveness in the nonprofit sector.
This AI summary has been generated from information found on Charity Navigator.
Is Kenilworth Parkside Resident Management Corporation legitimate?
Kenilworth Parkside Resident Management Corporation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Kenilworth Parkside Resident Management Corporation 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: $62,200
Professional Fundraising Fees: $0
Other Salaries and Wages: $882,450
For more financial information, click here
What is the mission statement of Kenilworth Parkside Resident Management Corporation?
The Kenilworth Parkside Resident Management Corporation's primary mission is centered around aiding in the provision of affordable housing options within the Washington D.C. area. This organization is committed to serving the needs of low-income residents, striving to make housing a more accessible resource. Their activities are focused on supporting this mission, working tirelessly to provide suitable housing solutions. While specifics about their methods and strategies are not provided, it is evident that their primary concern is making a positive impact in this area.
Who is the CEO of Kenilworth Parkside Resident Management Corporation?
Sequnoa Houston is the Principal Officer of Kenilworth Parkside Resident Management Corporation.
What is the revenue of Kenilworth Parkside Resident Management Corporation?
Kenilworth Parkside Resident Management Corporation's revenue in 2022 was $1,964,820.
Who are the executives of Kenilworth Parkside Resident Management Corporation and what are their salaries?
The average compensation at Kenilworth Parkside Resident Management Corporation during 2022 was $52,481. There are 18 employees and 8 volunteers at Kenilworth Parkside Resident Management Corporation.
Here are 5 key members and their salaries:
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $62,200
- Related: $0
- Other: $0
- 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 Kenilworth Parkside Resident Management Corporation?
Kenilworth Parkside Resident Management Corporation's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Kenilworth Parkside Resident Management Corporation
Kenilworth Parkside Resident Management Corporation, abbreviated as KPRMC, is dedicated to aiding in the provision of affordable housing for individuals in the Washington D.C. area. The organization's primary mission is centered around this objective, working tirelessly to make low-income housing options more accessible within the community. By doing so, KPRMC aims to contribute positively to the lives of those in need, ensuring that everyone has a safe and secure living space. The corporation's efforts in this regard are essential in bridging the gap between housing availability and affordability, ultimately contributing to a more equitable and inclusive society.
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Impact
July, 2024
Kenilworth Parkside Resident Management Corporation's impact is significant in providing low-income housing in the DC area. Through its efforts, KPRMC has been instrumental in offering affordable housing options to individuals and families who may struggle to find suitable accommodation. This has helped address the issue of housing insecurity and contributed to improving the overall quality of life for residents in the community.
This information is meant to be a general summary of Kenilworth Parkside Resident Management Corporation. 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.
- Program Service Revenue: $1,964,820
- Gross Receipts: $1,964,820
Assets and Liabilities:
- Total Assets: $500,960
- Total Liabilities: $71,113
- Net Assets: $429,847
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RENTAL INCOME
Revenue
$1,964,820
Organization Details
Founding Year
1976
Phone
(202) 396-6900Principal Officer
Sequnoa Houston
Main Address
1553 Anacostia Ave NE, Washington, DC, 20019
NTEE Category
Code: L20Z - Housing
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