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Christ The King Housing Ii Inc

King'S Arms

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

EIN: 592482529 ✦ St petersburg, FL ✦ Designated as a 501(c)(3)

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Overview

What is Christ The King Housing Ii Inc?

Christ The King Housing II Inc, also known as King's Arms, is a nonprofit organization situated in St. Petersburg, Florida. With a focus on supporting the elderly and disabled with low income, the organization provides 84 well-maintained housing units through the HUD's Assisted Housing Program. Their mission is to offer housing solutions in the Tampa, Florida vicinity, aiming to enhance the living conditions of vulnerable individuals in the community. The organization, which employs five individuals, is dedicated to providing a safe and comfortable living environment for its residents.

What are the reviews and ratings of this charity?

Charity Navigator Rating: 79% (Three-Star out of Four Stars)

Christ The King Housing II Inc holds a Three-Star rating from Charity Navigator, reflecting a solid level of accountability and financial health. The single beacon score leads to this overall rating, with an emphasis on the organization’s financial practices. A high program expense ratio of 93.22% indicates that the majority of funds are directed towards its mission, which is a positive sign of its operational effectiveness.

The organization benefits from a fully independent board, which enhances its governance structure. It received perfect scores in areas such as audit and oversight, conflict of interest policies, and documentation practices, demonstrating a commitment to transparency and ethical management.

However, it is worth noting that the organization has a liabilities to assets ratio of 310.64%, which could indicate potential financial risk or leverage. While the high ratio might raise concerns about financial stability, the strong performance in other areas illustrates a generally responsible approach to governance and finance.


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

Is Christ The King Housing Ii Inc legitimate?

Christ The King Housing Ii Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Christ The King Housing 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: $178,620

For more financial information, click here

What is the mission statement of Christ The King Housing Ii Inc?

Christ The King Housing II Inc is committed to providing housing for individuals with low income, specifically focusing on the elderly and disabled. Their mission is carried out by offering 84 well-maintained apartment units, made possible through the Assisted Housing Program from the U.S. Department of Housing and Urban Development (HUD). This organization aims to ensure that these vulnerable groups have access to safe and affordable housing, enhancing their quality of life.

Who is the CEO of Christ The King Housing Ii Inc?

James Wayne is the President of Christ The King Housing Ii Inc.

What is the revenue of Christ The King Housing Ii Inc?

Christ The King Housing Ii Inc's revenue in 2022 was $1,108,312.

Who are the executives of Christ The King Housing Ii Inc and what are their salaries?

The average compensation at Christ The King Housing Ii Inc during 2022 was $35,724. There are 5 employees at Christ The King Housing Ii Inc.


Here are 3 key members and their salaries:


Rev Nelson Restrepo (President)
  • Compensation: $0
  • Related: $0
  • Other: $0
Frank Murphy (Vice Preside)
  • Compensation: $0
  • Related: $0
  • Other: $0
James Wayne (Treasurer)
  • Compensation: $0
  • Related: $80,767
  • Other: $13,009
Where can I find the form 990 for Christ The King Housing Ii Inc?

Christ The King Housing Ii Inc's most recent form 990 was submitted in 2022 and can be accessed here.

Mission Statement of Christ The King Housing Ii Inc

Christ The King Housing II Inc is committed to providing housing for individuals who are elderly or disabled and have low income. Their mission is to make a significant impact in the community by offering well-maintained apartment units through the Assisted Housing Program provided by the Department of Housing and Urban Development (HUD). This nonprofit organization strives to enhance the living conditions of its residents, ensuring they have access to secure and comfortable housing. By providing affordable housing, Christ The King Housing II Inc not only meets the basic needs of its residents but also enables them to maintain their independence and dignity.

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Impact




July, 2024

Christ The King Housing II Inc has a significant impact on the Tampa, Florida vicinity by providing 84 well-maintained apartment units for low-income elderly and disabled individuals. Through HUD's assisted housing program, this organization plays a crucial role in ensuring that those in need have access to affordable housing. By offering a safe and supportive living environment, Christ The King Housing II Inc helps improve the quality of life for vulnerable populations in the community.




This information is meant to be a general summary of Christ The King Housing 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.

Revenue
$1,108,312 (2022)
Expenses
$1,134,749 (2022)
Efficiency

Other financial information:

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

  • Investment Income: $1,253
  • Program Service Revenue: $204,336
  • Gross Receipts: $1,108,312

Assets and Liabilities:

  • Total Assets: $3,554,646
  • Total Liabilities: $7,470,133
  • Net Assets: -$3,915,487

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Programs

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

RESIDENT RENT

Revenue

$204,336

Organization Details

Founding Year

1985

Principal Officer

James Wayne

Main Address

6363 NINTH AVENUE NORTH, ST PETERSBURG, FL, 33710

NTEE Category

Code: L210 - Housing

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