Overview
What is Kennedy Institute Housing Corporation?
Kennedy Institute Housing Corporation, established in December 1994, is a nonprofit organization situated in Washington, D.C. It was founded under the provisions of the District of Columbia with a primary mission to construct and manage affordable housing facilities for individuals with disabilities. Financed by the U.S. Department of Housing and Urban Development (HUD) under Section 811 of the National Affordable Housing Act, the organization operates 15 units. Kennedy Institute Housing Corporation's purpose is to provide a secure living space for individuals with chronic mental disabilities, contributing to the broader goal of affordable housing. The organization is regulated by HUD concerning rental charges and operating methods, ensuring compliance with the act's guidelines.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 55%, One-Star out of Four Star rating.
The Kennedy Institute Housing Corporation has received a low rating of 55%, indicating significant concerns regarding its accountability and financial practices. While the organization scores well in areas such as board independence and material diversion of assets, it falls short in crucial transparency measures, notably lacking policies for conflict of interest and whistleblower protections.
The organization exhibits a strong commitment to program expenses, achieving a perfect score in that area. However, its overall accountability is undermined by the absence of essential governance documents and the failure to properly disclose financial information on its website, which may raise red flags for potential donors and stakeholders.
In summary, while Kennedy Institute Housing Corporation has strengths in board independence and program spending, its poor transparency and governance practices reflect a need for improvement. Prospective donors should consider these factors carefully before contributing.
This AI summary has been generated from information found on Charity Navigator.
Is Kennedy Institute Housing Corporation legitimate?
Kennedy Institute Housing Corporation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Kennedy Institute Housing 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: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
What is the mission statement of Kennedy Institute Housing Corporation?
Kennedy Institute Housing Corporation is committed to providing affordable housing for individuals with disabilities, with a specific focus on those with chronic mental disabilities. This mission is in line with Section 811 of the National Affordable Housing Act. Established in 1994, the organization was funded by the U.S. Department of Housing and Urban Development (HUD) and has 15 housing units under its management. HUD regulates the entity in terms of rental charges and operating methods to ensure affordability and accessibility for the intended population.
Who is the CEO of Kennedy Institute Housing Corporation?
James J Malloy is the CEO of Kennedy Institute Housing Corporation The CEO's salary of Kennedy Institute Housing Corporation is $0 and their total compensation is $226,033.
What is the revenue of Kennedy Institute Housing Corporation?
Kennedy Institute Housing Corporation's revenue in 2024 was $185,873.
Who are the executives of Kennedy Institute Housing Corporation and what are their salaries?
There 15 volunteers at Kennedy Institute Housing Corporation.
Here are 19 key members and their salaries (Kennedy Institute Housing Corporation's CEO's salary is $0 and their total compensation is $226,033):
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- Related: $196,583
- Other: $33,065
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- Related: $131,621
- Other: $33,562
- Compensation: $0
- Related: $196,423
- Other: $16,352
Where can I find the form 990 for Kennedy Institute Housing Corporation?
Kennedy Institute Housing Corporation's most recent form 990 was submitted in 2024 and can be accessed here.
Mission Statement of Kennedy Institute Housing Corporation
Kennedy Institute Housing Corporation, established in 1994, is dedicated to providing affordable housing for individuals with disabilities. Specifically, its mission focuses on supporting the chronically mentally disabled, in accordance with Section 811 of the National Affordable Housing Act. This nonprofit corporation, funded by the U.S. Department of Housing and Urban Development (HUD), operates with 15 housing units and is regulated by HUD in terms of rental charges and operational methods. The organization's primary goal is to provide a safe and comfortable living environment for individuals with disabilities, ensuring they can maintain their independence and dignity.
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Impact
October, 2024
Kennedy Institute Housing Corporation has a significant impact by providing affordable housing specifically designed for persons with disabilities in Washington, DC. By constructing and operating housing facilities under the U.S. Department of Housing and Urban Development's Section 811 program, it addresses the critical need for accessible living options for those who are chronically mentally disabled.
With 15 dedicated units, the organization not only meets housing standards but also ensures that rent and operational practices are compliant with federal regulations. This commitment fosters stability and independence for individuals who might otherwise struggle to find suitable accommodations, ultimately enhancing their quality of life and promoting their integration into the community. The corporation plays a vital role in alleviating housing insecurity among vulnerable populations, making a profound difference in their lives.
This information is meant to be a general summary of Kennedy Institute Housing 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 2024.
- Investment Income: $61
- Program Service Revenue: $101,010
- Gross Receipts: $185,873
Assets and Liabilities:
- Total Assets: $541,799
- Total Liabilities: $1,850,404
- Net Assets: -$1,308,605
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
FACILITY FEES
Revenue
$58,500
RENTAL INCOME
Revenue
$42,510
Organization Details
Founding Year
1994
Principal Officer
James J Malloy
NTEE Category
Code: P73 - Human services
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