Overview
What is Kingstree Housing Development Company Inc?
Kingstree Housing Development Company Inc, located in Kingstree, South Carolina, is a dedicated nonprofit organization committed to providing quality and affordable housing for low-income families, seniors, and individuals with special needs. They manage 140 units of housing, offering a range of bedroom options. Their mission is to foster neighborhood opportunities and help their residents achieve self-sufficiency through collaborative partnerships. Established with a focus on delivering and developing safe, affordable housing, Kingstree Housing Development Company Inc strives to improve living conditions for its community, with a current workforce of nine dedicated employees.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 79% (Three-Star out of Four Star rating)
Kingstree Housing Development Company Inc has received a Three-Star rating from Charity Navigator, indicating a strong performance in accountability and finance with a score of 79%. This rating reflects the organization’s commitment to responsible financial management and transparency. The score is solely derived from the Accountability & Finance beacon, showcasing the nonprofit's focus on these critical areas.
The organization demonstrates excellent governance, with 100% of its board members being independent and a size that meets recommended standards. Additionally, it scores full points in areas such as financial statements oversight and conflict of interest policies. The presence of a whistleblower policy further underscores its commitment to ethical practices.
Despite its strengths, the rating is limited to financial metrics, and there is no evaluation of programmatic effectiveness or impact on the community. Interested stakeholders may consider this aspect when assessing the organization's overall performance and mission fulfillment.
This AI summary has been generated from information found on Charity Navigator.
Is Kingstree Housing Development Company Inc legitimate?
Kingstree Housing Development Company Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Kingstree Housing Development Company 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.
Heare are some key statistics you may want to consider:
Executive Compensation: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $220,643
For more financial information, click here
What is the mission statement of Kingstree Housing Development Company Inc?
Kingstree Housing Development Company Inc's mission is centered around providing and developing high-quality, safe, and affordable housing opportunities. This is primarily for low-income families, seniors, and individuals with special needs. The company is committed to fostering self-sufficiency in the communities they serve by establishing partnerships with their residents and other organizations, thus enhancing neighborhood opportunities. They operate 140 units of low and moderate income housing, ranging from 1 to 5 bedrooms, in a aim to improve living standards in healthy neighborhoods.
Who is the CEO of Kingstree Housing Development Company Inc?
Haven Mcclam is the Chairman of Kingstree Housing Development Company Inc.
What is the revenue of Kingstree Housing Development Company Inc?
Kingstree Housing Development Company Inc's revenue in 2022 was $1,099,822.
Who are the executives of Kingstree Housing Development Company Inc and what are their salaries?
The average compensation at Kingstree Housing Development Company Inc during 2022 was $24,516. There are 9 employees and 1 volunteer at Kingstree Housing Development Company Inc.
Here are 5 key members and their salaries:
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- Other: $0
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- Other: $0
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Where can I find the form 990 for Kingstree Housing Development Company Inc?
Kingstree Housing Development Company Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Kingstree Housing Development Company Inc
Kingstree Housing Development Company Inc, as its name suggests, is established with a mission to provide and develop quality, safe, and affordable housing opportunities for low-income families, seniors, and individuals with special needs. The organization is committed to this mission, operating 140 units of low and moderate income housing, ranging from one to five bedrooms. Kingstree Housing Development Company Inc strives to offer affordable housing in healthy neighborhoods, fostering opportunities for the communities they serve to help them achieve self-sufficiency. The company achieves this mission through partnerships with their residents and other organizations, working towards the betterment of the neighborhoods they operate in.
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Impact
July, 2024
Kingstree Housing Development Company Inc has a significant impact on the community by providing and developing quality, safe, and affordable housing opportunities for low-income families, seniors, and people with special needs. With a commitment to owning and operating 140 units of low and moderate-income housing ranging from 1 to 5 bedrooms, they play a vital role in ensuring that individuals and families have access to secure housing options. Through partnerships with residents and other groups, Kingstree Housing Development Company fosters neighborhood opportunities and helps those they serve to achieve self-sufficiency. Their presence in Kingstree, SC, contributes to creating healthy neighborhoods and improving the overall quality of life for their residents.
This information is meant to be a general summary of Kingstree Housing Development Company 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 2022.
- Investment Income: $458
- Program Service Revenue: $330,508
- Gross Receipts: $1,099,822
Assets and Liabilities:
- Total Assets: $3,782,798
- Total Liabilities: $3,391,101
- Net Assets: $391,697
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
DWELLING RENTAL
Revenue
$303,155
OTHER TENANT CHARGES
Revenue
$27,353
Organization Details
Founding Year
2016
Phone
(843) 355-7516Principal Officer
Haven Mcclam
Main Address
1022 LEXINGTON AVE, KINGSTREE, SC, 29556
NTEE Category
Code: L21 - Housing
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