Overview
What is Kenai Peninsula Housing Initiatives Inc?
Kenai Peninsula Housing Initiatives Inc is a nonprofit organization situated in Homer, Alaska. Their primary mission is to cater to the housing needs of low-income individuals, senior citizens, disabled persons, and those with special needs. They achieve this through various initiatives, including conducting market surveys, site development, designing, refurbishing distressed housing, and constructing affordable housing as part of an ongoing program. The organization's aim is to provide safe and affordable housing options to the vulnerable residents of the Kenai Peninsula, thereby contributing to the community's well-being. With a small team of dedicated employees, Kenai Peninsula Housing Initiatives Inc is committed to enhancing the living conditions of those in need.
Official website here: www.kphi.net
What are the reviews and ratings of this charity?
Charity Navigator Rating: 92% (Four-Star out of Four Stars)
Kenai Peninsula Housing Initiatives Inc has achieved a strong Four-Star rating from Charity Navigator, reflecting its high level of accountability and financial health. The organization demonstrates a commitment to transparency and responsible governance, as indicated by its 100% independent board members and rigorous financial oversight practices, including annual audits.
The organization excels in managing its resources effectively, with a program expense ratio of nearly 75%. This suggests that a substantial portion of its funding is directed towards its mission of providing housing solutions, which is a significant strength. Furthermore, the absence of any material diversion of assets highlights the integrity of its financial management.
While the organization shows solid financial performance and governance, the rating is based solely on accountability and finance metrics. Future assessments could benefit from additional qualitative data regarding program impact and community feedback to provide a more comprehensive picture of its effectiveness.
This AI summary has been generated from information found on Charity Navigator.
Is Kenai Peninsula Housing Initiatives Inc legitimate?
Kenai Peninsula Housing Initiatives Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Kenai Peninsula Housing Initiatives 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: $111,227
Professional Fundraising Fees: $0
Other Salaries and Wages: $349,379
For more financial information, click here
Official website here: www.kphi.net
What is the mission statement of Kenai Peninsula Housing Initiatives Inc?
The mission of Kenai Peninsula Housing Initiatives Inc. is centered around providing safe and affordable housing options for low-income and special needs residents. This organization actively serves the needs of this demographic through various means, including market surveys, site work, designing, refurbishing distressed housing, and constructing suitable housing as part of an ongoing program. The primary goal is to ensure these residents have access to adequate housing, contributing to their overall well-being.
Official website here: www.kphi.net
Who is the CEO of Kenai Peninsula Housing Initiatives Inc?
Brandy Mcgee is the Executive Di of Kenai Peninsula Housing Initiatives Inc.
Official website here: www.kphi.net
What is the revenue of Kenai Peninsula Housing Initiatives Inc?
Kenai Peninsula Housing Initiatives Inc's revenue in 2022 was $1,939,137.
Official website here: www.kphi.net
Who are the executives of Kenai Peninsula Housing Initiatives Inc and what are their salaries?
The average compensation at Kenai Peninsula Housing Initiatives Inc during 2022 was $65,801. There are 7 employees and 3 volunteers at Kenai Peninsula Housing Initiatives Inc.
Here are 5 key members and their salaries:
- Compensation: $111,227
- 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
Official website here: www.kphi.net
Where can I find the form 990 for Kenai Peninsula Housing Initiatives Inc?
Kenai Peninsula Housing Initiatives Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.kphi.net
Learn more at the official website: www.kphi.net
Mission Statement of Kenai Peninsula Housing Initiatives Inc
Kenai Peninsula Housing Initiatives Inc, a nonprofit organization, is committed to providing safe and affordable housing options for low-income and special needs residents. Their mission is to serve the needs of vulnerable populations, including senior citizens, individuals with disabilities, and those with unique requirements, through various strategies. These strategies include conducting market surveys, carrying out site work, designing suitable housing solutions, refurbishing distressed properties, and constructing new affordable housing units as part of an ongoing program. By undertaking these initiatives, Kenai Peninsula Housing Initiatives Inc aims to enhance the living conditions and improve the quality of life for those in need, thereby contributing to a more inclusive and supportive community.
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Impact
July, 2024
Kenai Peninsula Housing Initiatives Inc has made a significant impact by providing safe and affordable housing options to low-income and special needs residents of the Kenai Peninsula. Their activities include conducting market surveys, site work, designing, training, refurbishing distressed housing, and constructing suitable and affordable housing. Through these efforts, they have served the needs of low-income individuals, senior citizens, disabled individuals, and those with special needs. Their mission to address housing challenges in the community has helped improve the quality of life for many residents in Homer, AK, and surrounding areas.
This information is meant to be a general summary of Kenai Peninsula Housing Initiatives 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: $257,075
- Program Service Revenue: $1,425,002
- Gross Receipts: $1,939,137
Assets and Liabilities:
- Total Assets: $23,367,315
- Total Liabilities: $7,088,560
- Net Assets: $16,278,755
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RENT
Revenue
$1,341,700
MANGEMENT AND OTHER FEES
Revenue
$83,302
Organization Details
Founding Year
1997
Phone
(907) 235-4357Principal Officer
Brandy Mcgee
Main Address
PO BOX 1869, HOMER, AK, 99603
Website
www.kphi.netNTEE Category
Code: L80 - Housing
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