Overview
What is Kinneret Ii Inc?
Kinneret II Inc is a nonprofit organization situated in Orlando, Florida, specifically at 515 S Delaney Avenue. Their primary focus is providing affordable housing and related services to low-income elderly individuals and those with disabilities. They accomplish this mission by participating in the Section 202/8 program, which is overseen by the U.S. Department of Housing and Urban Development (HUD). Kinneret II Inc operates a subsidized apartment complex that aims to offer a safe and comfortable living environment for its residents.
Official website here: www.kinneretapartments.com
What are the reviews and ratings of this charity?
Charity Navigator Rating: 96%, Four-Star out of Four Star rating
Kinneret II Inc has achieved a remarkable 96% rating from Charity Navigator, earning a Four-Star distinction. This high score reflects the organization's strong commitment to accountability and finance, demonstrating effective management and stewardship of donor funds. The rating is based solely on the Accountability & Finance score, indicating that the organization excels in financial practices.
The organization boasts a fully independent board of directors, with 100% independent members, which enhances its governance. It also has robust financial oversight, as evidenced by the presence of an audit and oversight committee. Additionally, Kinneret II Inc has policies in place for conflict of interest, whistleblower protection, and document retention, further showcasing its commitment to transparency and ethical practices.
With a program expense ratio of nearly 80%, the organization effectively allocates funds toward its programs, ensuring that the majority of resources are directed to its mission. The low liabilities to assets ratio of 0.03% indicates a strong financial position, minimizing risk. Overall, Kinneret II Inc stands out as a well-managed nonprofit with a solid framework for accountability and program effectiveness.
This AI summary has been generated from information found on Charity Navigator.
Is Kinneret Ii Inc legitimate?
Kinneret Ii Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Kinneret Ii 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: $177,518
For more financial information, click here
Official website here: www.kinneretapartments.com
What is the mission statement of Kinneret Ii Inc?
Kinneret II Inc, as the owner of a HUD-subsidized apartment complex, is committed to providing affordable housing and related services to low-income elderly individuals. This is achieved through their participation in the Section 202/8 program. The organization's main objective is to cater to the housing needs of elderly and handicapped individuals, ensuring they can live comfortably within their means. The mission of Kinneret II Inc is to contribute positively to this vulnerable group's living conditions, providing them with a sense of security and stability.
Official website here: www.kinneretapartments.com
Who is the CEO of Kinneret Ii Inc?
Rhonda Pearlman is the Principal Officer of Kinneret Ii Inc.
Official website here: www.kinneretapartments.com
What is the revenue of Kinneret Ii Inc?
Kinneret Ii Inc's revenue in 2022 was $1,471,137.
Official website here: www.kinneretapartments.com
Who are the executives of Kinneret Ii Inc and what are their salaries?
There 19 volunteers at Kinneret Ii Inc.
Here are 17 key members and their salaries:
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Official website here: www.kinneretapartments.com
Where can I find the form 990 for Kinneret Ii Inc?
Kinneret Ii Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.kinneretapartments.com
Learn more at the official website: www.kinneretapartments.com
Mission Statement of Kinneret Ii Inc
Kinneret II Inc, a nonprofit organization, is committed to providing affordable housing and related services to low-income elderly individuals. They achieve this mission through their participation in the Section 202/8 program, a program sponsored by the HUD. By operating a low-income housing project, Kinneret II Inc offers a safe and affordable living environment for elderly and handicapped individuals, ensuring they have access to the necessary support they require. The organization's mission is to enhance the quality of life for this vulnerable population by providing them with the essential resources they need to maintain their independence and dignity.
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Impact
July, 2024
Kinneret II Inc's impact lies in providing essential affordable housing and related services to low-income elderly individuals in Orlando, Florida. As the owner of a HUD subsidized apartment complex, Kinneret II Inc plays a crucial role in ensuring that this vulnerable demographic has access to safe and comfortable living spaces. Through their participation in the Section 202/8 program, they contribute to addressing the housing needs of the elderly community, fostering a sense of security and stability for those in need. By offering low-income housing for elderly and handicapped individuals, Kinneret II Inc makes a tangible difference in the lives of those who require assistance and support in meeting their housing needs.
This information is meant to be a general summary of Kinneret Ii 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 2022.
- Investment Income: $3,068
- Program Service Revenue: $1,467,186
- Gross Receipts: $1,471,137
Assets and Liabilities:
- Total Assets: $4,192,254
- Total Liabilities: $105,826
- Net Assets: $4,086,428
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
GOVERNMENT RENTAL ASSI
Revenue
$1,048,849
RENT FROM RESIDENTS
Revenue
$403,552
SPECIAL CLAIMS - VACAN
Revenue
$8,552
LAUNDRY/VENDING
Revenue
$6,233
Organization Details
Founding Year
1977
Phone
(407) 425-4537Principal Officer
Rhonda Pearlman
Main Address
515 S DELANEY AVENUE, ORLANDO, FL, 32801
Website
www.kinneretapartments.comNTEE Category
Code: L21Z - Housing
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