Overview
What is Kentucky River Area Development District?
The Kentucky River Area Development District (KRADD) is a prominent nonprofit organization situated in Hazard, Kentucky. Its primary mission is to serve as a regional forum, fostering connections with relevant groups to enhance the wellbeing of the community's residents. KRADD offers professional assistance, leadership, and strategic planning to the regional communities. In terms of social services, KRADD offers numerous activities and resources to the elderly population in the Kentucky River region. These services include home care services, such as home-delivered meals, senior center activities, nutritional support, health education, adult day care, health insurance assistance, and an Ombudsman program. The organization's comprehensive approach aims to improve the overall quality of life for the region's citizens.
Official website here: www.kradd.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 81% (Three-Star out of Four Star rating)
The Kentucky River Area Development District has received a solid Three-Star rating from Charity Navigator, with a score of 81%. This rating reflects a strong emphasis on accountability and finance, indicating that the organization adheres to high standards of transparency and responsible financial practices. The organization has achieved full points in several key areas, such as having an entirely independent board, effective oversight mechanisms, and well-documented policies regarding conflicts of interest and whistleblower protections.
Notably, the program expense ratio is impressive at 85.23%, highlighting that a significant portion of its resources is directed towards its programs rather than administrative costs. This efficiency in fund allocation typically reflects positively on its commitment to serving its community effectively. The presence of independent board members enhances its governance quality, ensuring that decisions made are in the best interest of the organization and its mission.
While the overall rating is commendable, it is important for potential donors and stakeholders to consider the organization’s performance in various operational areas. Continuous monitoring and evaluation of financial practices will be essential to maintain this positive trajectory and address any potential challenges that may arise in the future.
This AI summary has been generated from information found on Charity Navigator.
Is Kentucky River Area Development District legitimate?
Kentucky River Area Development District is a legitimate nonprofit organization registered as a 501(c)(3) entity. Kentucky River Area Development District 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: $117,111
Professional Fundraising Fees: $0
Other Salaries and Wages: $1,860,070
For more financial information, click here
Official website here: www.kradd.org
What is the mission statement of Kentucky River Area Development District?
The Kentucky River Area Development District (KRADD) serves as a regional forum, collaborating with appropriate groups to enhance the quality of life for the citizens in the region. As a provider of professional assistance, leadership, and planning, KRADD aids regional communities in their development. The organization's mission is focused on networking with relevant groups to improve the overall well-being of the community's residents.
KRADD's aging programs offer various activities and services to the elderly population in the Kentucky River region. Services provided include homecare services, such as home-delivered meals and senior center activities, as well as adult day care, health insurance assistance, and nutrition and health education. Additionally, KRADD offers ombudsman services to assist and protect the rights of the elderly population in the region.
Official website here: www.kradd.org
What is the revenue of Kentucky River Area Development District?
Kentucky River Area Development District's revenue in 2023 was $6,007,276.
Official website here: www.kradd.org
Who are the executives of Kentucky River Area Development District and what are their salaries?
Here are 46 key members and their salaries:
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- Compensation: $96,462
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Official website here: www.kradd.org
Where can I find the form 990 for Kentucky River Area Development District?
Kentucky River Area Development District's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.kradd.org
Learn more at the official website: www.kradd.org
Mission Statement of Kentucky River Area Development District
Kentucky River Area Development District, often referred to as KRADD, serves as a vital regional forum. It actively networks with appropriate groups with the primary goal of enhancing the quality of life for the citizens residing in the region. KRADD provides professional assistance, leadership, and strategic planning to various communities, working tirelessly to bring about improvements that positively impact the lives of its residents.
In addition to its role as a networking hub, KRADD is also committed to catering to the needs of the elderly population in the Kentucky River region. Through its aging programs, the organization offers a wide array of activities and services designed to enrich the lives of senior citizens. These services include homecare services, such as home-delivered meals and adult day care, as well as congregate meals, nutrition, health education, and health insurance assistance. KRADD also provides ombudsman services, ensuring that the rights and concerns of the elderly are heard and addressed effectively. By offering such comprehensive support, KRADD plays a crucial role in promoting the well-being and dignity of its elderly population.
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Impact
July, 2024
The Kentucky River Area Development District plays a vital role in improving the quality of life for the citizens of the region. Through its various programs and services, including homecare services, senior center activities, health education, adult day care, and more, KRADD positively impacts the elderly population in the Kentucky River region. Additionally, by serving as a regional forum and networking with appropriate groups, KRADD provides professional assistance, leadership, and planning to enhance community development and well-being. This organization's focus on community improvement is evident in its commitment to addressing the needs of the population it serves.
This information is meant to be a general summary of Kentucky River Area Development District. 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: $2,141
- Program Service Revenue: $2,312,641
- Gross Receipts: $6,007,276
Assets and Liabilities:
- Total Assets: $5,754,107
- Total Liabilities: $7,522,786
- Net Assets: -$1,768,679
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
PDS REVENUE
Revenue
$1,505,512
AGING PROGRAMS REVENUE
Revenue
$509,166
OTHER PROGRAM RELATED
Revenue
$297,963
Organization Details
Founding Year
1969
Principal Officer
Michelle Allen
Website
www.kradd.orgNTEE Category
Code: S31 - Community improvement
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