Overview
What is Kings County Management And Development Corporation?
Kings County Management and Development Corporation is a nonprofit organization situated in Hanford, California. Their primary mission is to establish and enhance affordable housing options for families with low to moderate incomes. This includes managing multiple apartment buildings and single-family homes, ensuring these residences cater to the needs of low-income families. The organization's activities are geared towards creating and developing housing solutions, aiming to contribute positively to the community by providing affordable living spaces.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 1 Star (50%)
Kings County Management And Development Corporation has received a low rating of 50%, indicating significant concerns regarding its accountability and finance practices. The organization has no independent board members, which raises potential governance issues. Additionally, various essential policies, including conflict of interest, whistleblower, and document retention policies, are absent, reflecting a lack of foundational governance structures.
On a positive note, the organization has demonstrated financial stability with a low liabilities to assets ratio of 16.86% and maintains a strong program expense ratio of 75%, indicating that a substantial portion of its funds is allocated towards its programs. However, the absence of transparency in governance documents and policies could undermine stakeholder trust and limit its effectiveness.
Overall, while the Kings County Management And Development Corporation shows some strengths in financial management, its governance deficiencies and lack of transparency are significant drawbacks that potential donors and supporters should consider.
This AI summary has been generated from information found on Charity Navigator.
Is Kings County Management And Development Corporation legitimate?
Kings County Management And Development Corporation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Kings County Management And Development 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:
Executive Compensation: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $25,462
For more financial information, click here
What is the mission statement of Kings County Management And Development Corporation?
The Kings County Management and Development Corporation's mission is centered around creating and developing affordable housing options for families with low to moderate incomes. This organization actively manages various apartment buildings and single-family homes, ensuring they remain accessible to those in need. Their primary goal is to contribute to the housing market by providing suitable living spaces for this specific income bracket.
Who is the CEO of Kings County Management And Development Corporation?
Richard Valle is the President of Kings County Management And Development Corporation.
What is the revenue of Kings County Management And Development Corporation?
Kings County Management And Development Corporation's revenue in 2022 was $53,697.
Who are the executives of Kings County Management And Development Corporation and what are their salaries?
Here are 5 key members and their salaries:
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Where can I find the form 990 for Kings County Management And Development Corporation?
Kings County Management And Development Corporation's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Kings County Management And Development Corporation
Kings County Management and Development Corporation, in its mission, focuses on creating and developing affordable housing options for families with low to moderate incomes. This nonprofit organization takes on the responsibility of managing various apartments and single-family homes, providing a much-needed solution for families who struggle with housing affordability. By dedicating its efforts to this cause, Kings County Management and Development Corporation plays a significant role in ensuring that low-income families have access to safe and comfortable living spaces.
Shop smarter and support your favorite cause with the Give Freely browser extension. Save money with coupons and donate to charity with a single click. Download now!
Impact
August, 2024
Kings County Management And Development Corporation's impact lies in providing essential low-income housing opportunities for families in need. By creating and developing affordable housing options for low to moderate-income households, the organization plays a crucial role in addressing housing insecurities within the community. Through managing multiple apartments and single-family homes, they ensure that individuals and families have access to safe and stable living environments. This proactive approach not only helps alleviate financial burdens for low-income households but also contributes to fostering a sense of security and belonging within the community.
This information is meant to be a general summary of Kings County Management And Development 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 2022.
- Investment Income: -$999
- Program Service Revenue: $32,141
- Gross Receipts: $99,427
Assets and Liabilities:
- Total Assets: $475,817
- Total Liabilities: $80,241
- Net Assets: $395,576
Want to help this charity, for free? You can click here to learn more about Give Freely
Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
MANAGMENT FEES
Revenue
$32,141
Organization Details
Phone
(559) 582-2835Principal Officer
Richard Valle
Main Address
680 NORTH DOUTY STREET, HANFORD, CA, 93230
NTEE Category
Code: L20Z - Housing
If you are a representative of Kings County Management And Development Corporation and wish to learn more about how Give Freely can help you raise funds, please click here: https://givefreely.com/nonprofits/. Our services are offered at no cost to your organization.