Overview
What is The Kings' Daughters Elderly Housing Corporation?
The Kings' Daughters Elderly Housing Corporation, located at 18 Oakview Road, Brookhaven, Mississippi, 39601, is a nonprofit organization committed to providing low-income housing for the elderly and handicapped individuals. Operating under Section 202 of the National Housing Act, they receive mortgage financing from the U.S. Department of Housing and Urban Development (HUD). Their mission is to create a living environment that cater to the needs of elderly and disabled persons, ensuring they have access to safe and affordable housing. With a team of three dedicated employees, this nonprofit organization works to improve the living conditions and quality of life for its residents.
What are the reviews and ratings of this charity?
Charity Navigator Rating: Needs Improvement (Two-Star out of Four Star rating, Overall Score: 73%)
The Kings' Daughters Elderly Housing Corporation has received a two-star rating from Charity Navigator, indicating that while there are some strengths, significant areas necessitate improvement. The organization's accountability and finance score stands at 73%, reflecting a commendable level of governance, including a fully independent board and effective financial oversight practices. Notably, there are no reported material diversions of assets, and the organization has maintained a strong liabilities to assets ratio of 11.20%.
However, the program expense ratio is a point of concern at 63.16%, suggesting that a smaller proportion of their expenses are allocated directly to their programs. This may raise questions about the efficiency of their resource allocation and their overall impact. The organization does document board meeting minutes, which is a positive sign of transparency, yet stakeholders may still seek further insights into how funds are utilized to enhance programming for the elderly community.
This AI summary has been generated from information found on Charity Navigator.
Is The Kings' Daughters Elderly Housing Corporation legitimate?
The Kings' Daughters Elderly Housing Corporation is a legitimate nonprofit organization registered as a 501(c)(3) entity. The Kings' Daughters Elderly Housing Corporation 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:
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What is the mission statement of The Kings' Daughters Elderly Housing Corporation?
The Kings' Daughters Elderly Housing Corporation's mission is centered around providing low-income housing opportunities. This is achieved under the provisions of Section 202 of the National Housing Act, with financial backing from the U.S. Department of Housing and Urban Development (HUD). The corporation's primary goal is to offer housing solutions for the elderly and individuals with disabilities. Their mission is to make such housing accessible, thereby contributing to the well-being and livelihood of these individuals. The rental of these low-income housing units forms a crucial part of their mission, catering to the needs of this specific demographic.
Who is the CEO of The Kings' Daughters Elderly Housing Corporation?
Norma Hamill is the Chairman of The Kings' Daughters Elderly Housing Corporation.
What is the revenue of The Kings' Daughters Elderly Housing Corporation?
The Kings' Daughters Elderly Housing Corporation's revenue in 2023 was $573,313.
Who are the executives of The Kings' Daughters Elderly Housing Corporation and what are their salaries?
There are 3 employees at The Kings' Daughters Elderly Housing Corporation.
Here are 6 key members and their salaries:
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Where can I find the form 990 for The Kings' Daughters Elderly Housing Corporation?
The Kings' Daughters Elderly Housing Corporation's most recent form 990 was submitted in 2023 and can be accessed here.
Mission Statement of The Kings' Daughters Elderly Housing Corporation
The Kings' Daughters Elderly Housing Corporation is dedicated to providing low-income housing for elderly and handicapped individuals. This mission is carried out in accordance with Section 202 of the National Housing Act, with financial support coming from the U.S. Department of Housing and Urban Development (HUD). The organization's primary goal is to offer suitable living accommodations for those who may be facing financial constraints, ensuring they can live with dignity and independence. This housing corporation serves as a vital resource for elderly and handicapped individuals, providing them with a safe and supportive environment.
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Impact
July, 2024
The Kings' Daughters Elderly Housing Corporation provides crucial low-income housing for elderly and handicapped individuals in Brookhaven, MS. By offering affordable rental housing under the provisions of the National Housing Act, with mortgage financing provided by the U.S. Department of Housing and Urban Development, this organization plays a vital role in addressing the housing needs of vulnerable populations. Through its mission to provide safe and affordable housing for those in need, The Kings' Daughters Elderly Housing Corporation positively impacts the lives of elderly and handicapped individuals by giving them a stable and secure place to call home.
This information is meant to be a general summary of The Kings' Daughters Elderly Housing Corporation. 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: $51
- Program Service Revenue: $568,727
- Gross Receipts: $573,313
Assets and Liabilities:
- Total Assets: $691,923
- Total Liabilities: $77,546
- Net Assets: $614,377
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RESIDENT RENT INCOME
Revenue
$568,727
Organization Details
Founding Year
1979
Phone
(601) 714-8345Principal Officer
Norma Hamill
Main Address
18 OAKVIEW ROAD, BROOKHAVEN, MS, 39601
NTEE Category
Code: L21 - Housing
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