Overview
What is Ksj Corporation Of Louisville Ky Inc?
Ksj Corporation of Louisville Ky Inc is a nonprofit organization based in Louisville, Kentucky, specifically located at 2100 St John Place. Their primary focus is on providing housing for the elderly and individuals with disabilities, operating a 96-unit apartment complex that caters to this demographic. The organization's mission is geared towards ensuring these vulnerable individuals have a suitable living environment.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 55% (One-Star out of Four Stars)
Ksj Corporation Of Louisville Ky Inc has received a low rating of 55% from Charity Navigator, indicating significant issues in accountability and transparency. The rating reflects a single beacon score focused on Accountability & Finance, which highlights the organization's overall financial practices. While the organization scores well in areas such as having a majority of independent board members and low material diversion of assets, it falls short in several critical governance practices.
The organization has notable strengths, including maintaining a fully independent board and a high program expense ratio of 86.79%, suggesting that most of its funds are directed toward its charitable programs. However, the lack of a website listed on their tax form and missing policies, including conflict of interest and whistleblower protections, raise concerns about governance standards. Additionally, the organization's liability to assets ratio of 170.53% indicates potential financial instability.
Overall, while Ksj Corporation has some commendable aspects, the absence of essential governance policies and poor financial ratios point to areas needing improvement. Stakeholders should be aware of these limitations when considering support for the organization.
This AI summary has been generated from information found on Charity Navigator.
Is Ksj Corporation Of Louisville Ky Inc legitimate?
Ksj Corporation Of Louisville Ky Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Ksj Corporation Of Louisville Ky 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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What is the mission statement of Ksj Corporation Of Louisville Ky Inc?
Ksj Corporation, as a housing facility, is dedicated to providing a home for the elderly and individuals with disabilities. The corporation operates a 96-unit apartment complex that serves as a living space for this specific group of people. Although the information does not provide an explicit mission statement, it can be inferred that the mission is centered around offering comfortable and accessible housing for this particular demographic, ensuring they have a suitable living environment.
Who is the CEO of Ksj Corporation Of Louisville Ky Inc?
Joseph Beinlein Iii is the President of Ksj Corporation Of Louisville Ky Inc.
What is the revenue of Ksj Corporation Of Louisville Ky Inc?
Ksj Corporation Of Louisville Ky Inc's revenue in 2023 was $461,640.
Who are the executives of Ksj Corporation Of Louisville Ky Inc and what are their salaries?
Here are 7 key members and their salaries:
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Where can I find the form 990 for Ksj Corporation Of Louisville Ky Inc?
Ksj Corporation Of Louisville Ky Inc's most recent form 990 was submitted in 2023 and can be accessed here.
Mission Statement of Ksj Corporation Of Louisville Ky Inc
Ksj Corporation of Louisville Ky Inc, as a nonprofit organization, is dedicated to providing housing for the elderly and individuals with disabilities. The corporation operates a 96-unit apartment complex, serving as a sanctuary for those who require specialized care and support. The mission of Ksj Corporation of Louisville Ky Inc is to ensure that these vulnerable individuals have a safe and comfortable living environment, tailored to their unique needs. By offering housing solutions, the organization aims to enhance the quality of life for its residents, providing them with a sense of independence and dignity.
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Impact
July, 2024
Ksj Corporation Of Louisville Ky Inc's impact lies in providing essential housing services for the elderly and handicapped individuals in Louisville, Kentucky. Through its 96-unit apartment complex, the organization offers a safe and supportive living environment tailored to meet the unique needs of these vulnerable populations. This initiative plays a crucial role in ensuring that elderly and handicapped individuals have access to suitable housing options, fostering a sense of community and security while enhancing their quality of life.
This information is meant to be a general summary of Ksj Corporation Of Louisville Ky 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: $4
- Program Service Revenue: $460,863
- Gross Receipts: $461,640
Assets and Liabilities:
- Total Assets: $276,868
- Total Liabilities: $472,160
- Net Assets: -$195,292
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RENT INCOME
Revenue
$460,863
Organization Details
Founding Year
1968
Phone
(502) 776-9291Principal Officer
Joseph Beinlein Iii
Main Address
2100 ST JOHN PLACE, LOUISVILLE, KY, 40210
NTEE Category
Code: L22 - Housing
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