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Andrew Kim House Inc

Learn about this cause: What are the reviews? Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 522219830 ✦ Rockville, MD ✦ Designated as a 501(c)(3)

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Overview

What is Andrew Kim House Inc?

Andrew Kim House Inc, situated in Rockville, Maryland, is a dedicated nonprofit organization that focuses on providing affordable housing and essential services for senior citizens. Their mission revolves around ensuring that elderly individuals have access to comfortable living arrangements and necessary support, making them a vital resource in the community.

What are the reviews and ratings of this charity?

Charity Navigator Rating: 86% (Three-Star out of Four Star rating)

Andrew Kim House Inc has received an encouraging rating of 86%, indicating a solid performance in terms of accountability and finance. This score is derived entirely from the Accountability & Finance criteria, highlighting the organization’s commitment to transparency and good governance practices.

The organization has demonstrated strengths in key areas, such as maintaining an independent board and adhering to various financial policies, including conflict of interest and whistleblower policies. Additionally, their program expense ratio is impressive at 89.67%, suggesting that a significant portion of their expenditures is directed toward fulfilling their mission.

However, it is worth noting that only 42% of the board members are independent, which could be a potential area for improvement in ensuring diverse governance perspectives. Overall, the score reflects a robust financial management framework, although enhancing board independence might further strengthen the organization's governance.


This AI summary has been generated from information found on Charity Navigator.

Is Andrew Kim House Inc legitimate?

Andrew Kim House Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Andrew Kim House 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: $152,075

For more financial information, click here

What is the mission statement of Andrew Kim House Inc?

Andrew Kim House Inc's mission is centered around providing affordable housing and essential services. This mission is aimed at catering to a specific demographic, predominantly the elderly, ensuring they have access to comfortable living spaces at reasonable prices. The organization's goal is to enhance the quality of life for its residents, offering necessary assistance alongside their affordable housing solutions.

Who is the CEO of Andrew Kim House Inc?

Leila A Finucane is the President & Ceo of Andrew Kim House Inc. The CEO's salary of Andrew Kim House Inc is $0 and their total compensation is $410,053.

What is the revenue of Andrew Kim House Inc?

Andrew Kim House Inc's revenue in 2022 was $900,257.

Who are the executives of Andrew Kim House Inc and what are their salaries?


Here are 10 key members and their salaries (Andrew Kim House Inc's CEO's salary is $0 and their total compensation is $410,053):


Leila A Finucane (President & Ceo)
  • Compensation: $0
  • Related: $364,094
  • Other: $45,959
Jacqueline R Smedley (Vice President)
  • Compensation: $0
  • Related: $244,362
  • Other: $29,431
Michelle M Limeres (Treasurer)
  • Compensation: $0
  • Related: $214,496
  • Other: $38,157
Jeffrey Blackwell (Asst Secretary)
  • Compensation: $0
  • Related: $197,403
  • Other: $35,776
John D Spencer (Senior Vice President Thru 5)
  • Compensation: $0
  • Related: $149,665
  • Other: $26,588
Edward Creskoff Outgoing (Secretary)
  • Compensation: $0
  • Related: $134,038
  • Other: $16,157
Rev Daniel Carson (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Terry Farrell (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Julie Smith (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Sarah Orielly Incoming (Secretary)
  • Compensation: $0
  • Related: $0
  • Other: $0
Where can I find the form 990 for Andrew Kim House Inc?

Andrew Kim House Inc's most recent form 990 was submitted in 2022 and can be accessed here.

Mission Statement of Andrew Kim House Inc

Andrew Kim House Inc, as a retirement home or senior housing program, is dedicated to providing affordable housing and essential services. The organization's mission is centered around ensuring that seniors have access to reasonably priced accommodations, along with the necessary support they require. This mission is a testament to Andrew Kim House Inc's commitment to enhancing the living conditions and quality of life for its senior residents.

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Impact




July, 2024

Andrew Kim House Inc provides vital support in the form of affordable housing and services for seniors in Rockville, MD. Their impact is felt through the provision of safe and comfortable living spaces for older individuals who may have limited financial resources. By offering affordable housing options, Andrew Kim House Inc helps seniors maintain their independence and quality of life as they age. Additionally, the organization's services contribute to creating a supportive and inclusive community for older adults in need.




This information is meant to be a general summary of Andrew Kim House 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.

Revenue
$900,257 (2022)
Expenses
$927,273 (2022)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Investment Income: $754
  • Program Service Revenue: $899,503
  • Gross Receipts: $900,257

Assets and Liabilities:

  • Total Assets: $3,990,565
  • Total Liabilities: $80,399
  • Net Assets: $3,910,166

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Programs

Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.

Fees & Contracts

Revenue

$666,840

Affordable Housing

Revenue

$223,576

Miscellaneous Income

Revenue

$9,087

Organization Details

Founding Year

2000

Principal Officer

Leila A Finucane

Main Address

11400 Rockville Pike STE 505, Rockville, MD, 20852

NTEE Category

Code: L220 - Housing

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