Overview
What is Kanawha Valley Homes Inc?
Kanawha Valley Homes Inc is a nonprofit organization that is dedicated to providing housing solutions for individuals and families with modest incomes. Specifically, they oversee Oakwood Terrace Apartments, a 152-unit complex situated in Columbus, Ohio. This apartment complex serves as a vital residence for low-income families, offering them a secure and comfortable living space. By managing and operating this facility, Kanawha Valley Homes Inc plays a significant role in supporting the housing needs of their community.
Official website here: www.nationalchurchresidences.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: Two-Star out of Four Stars (69%)
Kanawha Valley Homes Inc has received a two-star rating from Charity Navigator, indicating a need for improvement in its accountability and finance practices. While the organization excels in having a fully independent board and maintains a high program expense ratio, there are significant gaps in its governance policies. Specifically, the absence of a conflict of interest policy, whistleblower policy, and document retention policy raises concerns about the organization's overall transparency.
The financial oversight of Kanawha Valley Homes Inc shows some strengths, with no reported material diversion of assets and an effective audit and oversight committee. However, the organization's liabilities to assets ratio is quite high at 83.06%, which could signal potential financial instability. It is also noteworthy that the nonprofit's tax form is not readily available on its website, which limits accessibility to its financial information for stakeholders.
Overall, while Kanawha Valley Homes Inc demonstrates a strong commitment to its programs, the lack of essential governance policies and high liabilities suggest areas where the organization can improve to enhance trust and operational effectiveness. Addressing these limitations could help elevate its rating and strengthen its accountability to donors and the community it serves.
This AI summary has been generated from information found on Charity Navigator.
Is Kanawha Valley Homes Inc legitimate?
Kanawha Valley Homes Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Kanawha Valley Homes 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: $0
For more financial information, click here
Official website here: www.nationalchurchresidences.org
What is the mission statement of Kanawha Valley Homes Inc?
Kanawha Valley Homes Inc's mission is centered around providing housing solutions for individuals and families with low to moderate income levels. The organization operates and manages Oakwood Terrace Apartments, a 152-unit complex situated in an unspecified location, primarily catering to low-income families. Kanawha Valley Homes Inc's mission reflects its commitment to offering suitable housing options for those who may otherwise struggle to secure affordable accommodation.
Official website here: www.nationalchurchresidences.org
Who is the CEO of Kanawha Valley Homes Inc?
Andrew Cooke is the President (Eff. May 2022) of Kanawha Valley Homes Inc.
Official website here: www.nationalchurchresidences.org
What is the revenue of Kanawha Valley Homes Inc?
Kanawha Valley Homes Inc's revenue in 2023 was $1,525,139.
Official website here: www.nationalchurchresidences.org
Who are the executives of Kanawha Valley Homes Inc and what are their salaries?
There 7 volunteers at Kanawha Valley Homes Inc.
Here are 7 key members and their salaries:
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Official website here: www.nationalchurchresidences.org
Where can I find the form 990 for Kanawha Valley Homes Inc?
Kanawha Valley Homes Inc's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.nationalchurchresidences.org
Learn more at the official website: www.nationalchurchresidences.org
Mission Statement of Kanawha Valley Homes Inc
Kanawha Valley Homes Inc, a nonprofit organization, is dedicated to providing housing solutions for individuals and families with low and moderate incomes. Specifically, they manage Oakwood Terrace Apartments, a 152-unit complex situated in Columbus, Ohio. This residential community serves as a sanctuary for families in need, offering them affordable housing options. By owning and operating Oakwood Terrace Apartments, Kanawha Valley Homes Inc contributes to the community by ensuring that low-income families have access to safe and comfortable housing, thereby contributing to a more equitable society.
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Impact
July, 2024
Kanawha Valley Homes Inc's impact is significant in providing housing for low and moderate income persons and families through its ownership and operation of Oakwood Terrace Apartments in Columbus, Ohio. This nonprofit organization plays a crucial role in ensuring that low-income families have access to affordable housing, helping to address the pressing issue of housing insecurity in the community. By offering a total of 152 units for low-income families, Kanawha Valley Homes Inc contributes to creating a more stable and supportive environment for those in need. Their dedication to providing housing options for underserved populations exemplifies their commitment to making a positive impact on the lives of individuals and the community as a whole.
This information is meant to be a general summary of Kanawha Valley Homes 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 2023.
- Investment Income: $1,405
- Program Service Revenue: $400,657
- Gross Receipts: $1,525,139
Assets and Liabilities:
- Total Assets: $4,807,348
- Total Liabilities: $3,993,261
- Net Assets: $814,087
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RENTS - NET
Revenue
$400,657
Organization Details
Founding Year
1970
Phone
(614) 273-3508Principal Officer
Andrew Cooke
Main Address
2245 NORTH BANK DRIVE, COLUMBUS, OH, 43220
NTEE Category
Code: L20 - Housing
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