Overview
What is Kinneret Inc?
Kinneret Inc, located at 515 S Delaney Avenue, Orlando, Florida, is a nonprofit organization that specializes in providing affordable housing and related services for elderly and handicapped individuals. The organization operates an apartment complex, following a mission to support low-income seniors through its participation in the Section 202 Program. Kinneret Inc, known as Kinneret Apartments, is dedicated to enhancing the living conditions and fostering independence for its residents, making a significant impact on the community.
Official website here: www.kinneretcouncil.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 96% (Four-Star out of Four Stars)
Kinneret Inc has received an impressive Four-Star rating from Charity Navigator, indicating a high level of accountability and financial health. The overall score is based entirely on their Accountability & Finance metrics, which reflect a strong commitment to transparency and responsible management of resources. The organization has successfully maintained an exemplary audit and oversight structure, ensuring that all financial practices are above board.
The charity benefits from a fully independent board, consisting of 15 members, which contributes to its strong governance practices. Their policies for conflict of interest, whistleblower protection, and document retention are well-established and publicly accessible, enhancing their credibility and operational integrity. Furthermore, the absence of material diversion of assets further highlights their reliability in handling funds.
Despite their strong performance, no notable limitations or areas for improvement were mentioned in the data. Kinneret Inc's fiscal responsibility, with a program expense ratio of over 81%, suggests that a significant portion of their funding is directed toward their mission-driven activities, reinforcing their effectiveness as a nonprofit organization.
This AI summary has been generated from information found on Charity Navigator.
Is Kinneret Inc legitimate?
Kinneret Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Kinneret 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.
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Official website here: www.kinneretcouncil.org
What is the mission statement of Kinneret Inc?
Kinneret Inc, as the owner of an apartment complex, is dedicated to providing affordable housing and related services to low-income elderly individuals. This mission is facilitated through their participation in the Section 202 program, a federal initiative aimed at supporting affordable housing for the elderly and disabled. The organization operates a low-income housing project, offering a vital resource for those in need. By prioritizing affordability and catering to the elderly population, Kinneret Inc seeks to enhance the quality of life for its residents.
Official website here: www.kinneretcouncil.org
What is the revenue of Kinneret Inc?
Kinneret Inc's revenue in 2024 was $457,510.
Official website here: www.kinneretcouncil.org
Who are the executives of Kinneret Inc and what are their salaries?
There 15 volunteers at Kinneret Inc.
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Official website here: www.kinneretcouncil.org
Where can I find the form 990 for Kinneret Inc?
Kinneret Inc's most recent form 990 was submitted in 2024 and can be accessed here.
Official website here: www.kinneretcouncil.org
Learn more at the official website: www.kinneretcouncil.org
Mission Statement of Kinneret Inc
Kinneret Inc, a nonprofit organization, is dedicated to providing affordable housing and related services for low-income elderly individuals. Through its participation in the Section 202 program, Kinneret Inc operates a HUD-subsidized apartment complex, serving as a residential haven for senior citizens and individuals with disabilities. The mission of Kinneret Inc is to support these vulnerable populations by offering them affordable housing, aiming to enhance their quality of life and promote their overall well-being.
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Impact
July, 2024
Kinneret Inc's impact can be seen in the lives of low-income elderly and handicapped individuals in Orlando, Florida. Through its ownership of a HUD-subsidized apartment complex, Kinneret Inc provides affordable housing and related services to those who need it most. By participating in the Section 202 program, the organization ensures that vulnerable individuals have a safe and supportive living environment. Kinneret Inc's work not only addresses the critical need for affordable housing but also contributes to enhancing the quality of life for the elderly and handicapped population in the community.
This information is meant to be a general summary of Kinneret 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 2024.
- Investment Income: $19,737
- Program Service Revenue: $2,052,660
- Gross Receipts: $457,510
Assets and Liabilities:
- Total Assets: $2,262,156
- Total Liabilities: $912,087
- Net Assets: $1,350,069
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RENT FROM RESIDENTS
Revenue
$2,017,430
COMMERCIAL RENT
Revenue
$22,575
LAUNDRY AND VENDING
Revenue
$12,655
Organization Details
Founding Year
1967
Principal Officer
Scott Zimmerman
Website
www.kinneretcouncil.orgNTEE Category
Code: L20Z - Housing
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