Overview
What is Kenwood Housing Development Fund Company Inc?
Kenwood Housing Development Fund Company Inc is a nonprofit organization situated in Rochester, New York, with a specific focus on providing housing solutions for individuals with developmental disabilities. Their mission, as stated under Section 811 of the National Affordable Housing Act, is to develop and operate a suitable housing project for these individuals. To accomplish this, they have undertaken the development and management of a six-unit apartment complex, catering to six clients in need. This initiative aims to provide these individuals with a secure and supportive living environment.
Official website here: www.ulr.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 86%, Three-Star out of Four Star rating. This rating reflects the organization's strong performance in the area of Accountability & Finance, which is crucial for ensuring that donations are used effectively. The score is particularly favorable considering that it is derived solely from this single beacon score, indicating a focused assessment of financial integrity and transparency.
Kenwood Housing Development Fund Company Inc demonstrates solid governance with 66% of its board members being independent, which enhances the integrity of decision-making processes. The organization maintains essential policies including conflict of interest, whistleblower protections, and document retention, contributing to a transparent operational framework. Additionally, there is no indication of material diversion of assets, which further underscores their accountability.
However, while the program expense ratio is commendable at 68.97%, there is room for improvement in optimizing financial sustainability, as indicated by a liabilities to assets ratio of 40.61%. This suggests that the organization may need to address its financial leverage to ensure long-term stability and continued service delivery. Overall, Kenwood Housing Development Fund Company Inc shows promise in its commitment to accountability, but it should continue to refine its financial strategies.
This AI summary has been generated from information found on Charity Navigator.
Is Kenwood Housing Development Fund Company Inc legitimate?
Kenwood Housing Development Fund Company Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Kenwood Housing Development Fund 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: $5,891
For more financial information, click here
Official website here: www.ulr.org
What is the mission statement of Kenwood Housing Development Fund Company Inc?
The mission of Kenwood Housing Development Fund Company Inc, as stated, is to develop and operate a housing project for individuals with developmental disabilities, in accordance with Section 811 of the National Affordable Housing Act. This organization focuses on providing a suitable living space for six such individuals, overseeing and managing a six-unit apartment complex specifically designed for their needs. The company's primary goal is to contribute to the betterment and accommodation of individuals with developmental disabilities, providing them with a secure and supportive environment.
Official website here: www.ulr.org
Who is the CEO of Kenwood Housing Development Fund Company Inc?
Seanelle Hawkins is the CEO of Kenwood Housing Development Fund Company Inc The CEO's salary of Kenwood Housing Development Fund Company Inc is $0 and their total compensation is $206,057.
Official website here: www.ulr.org
What is the revenue of Kenwood Housing Development Fund Company Inc?
Kenwood Housing Development Fund Company Inc's revenue in 2024 was $52,416.
Official website here: www.ulr.org
Who are the executives of Kenwood Housing Development Fund Company Inc and what are their salaries?
There 5 volunteers at Kenwood Housing Development Fund Company Inc.
Here are 6 key members and their salaries (Kenwood Housing Development Fund Company Inc's CEO's salary is $0 and their total compensation is $206,057):
- Compensation: $0
- Related: $169,748
- Other: $36,309
- 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
Official website here: www.ulr.org
Where can I find the form 990 for Kenwood Housing Development Fund Company Inc?
Kenwood Housing Development Fund Company Inc's most recent form 990 was submitted in 2024 and can be accessed here.
Official website here: www.ulr.org
Learn more at the official website: www.ulr.org
Mission Statement of Kenwood Housing Development Fund Company Inc
Kenwood Housing Development Fund Company Inc, as a nonprofit organization, is committed to developing and operating a housing project for individuals with developmental disabilities. This mission is in line with Section 811 of the National Affordable Housing Act. The company's objective is to provide a suitable living environment for six developmentally disabled individuals, overseeing the operation of a six-unit apartment complex. By doing so, Kenwood Housing Development Fund Company Inc aims to contribute to the well-being and independence of these individuals, offering them a safe and supportive living environment.
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Impact
August, 2024
Kenwood Housing Development Fund Company Inc's impact lies in providing critical housing support for developmentally disabled individuals in Rochester, NY. By developing and overseeing a 6-unit apartment complex specifically designed for this vulnerable population, Kenwood Housing Development Fund Company Inc is able to directly address the housing needs of individuals who may face challenges in finding suitable accommodations. Through this initiative, the organization serves 6 clients, making a tangible difference in the lives of those who require specialized housing options. This targeted approach not only enhances the quality of life for the clients served but also contributes to the overall well-being of the community by promoting inclusivity and support for individuals with developmental disabilities.
This information is meant to be a general summary of Kenwood Housing Development Fund 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 2024.
- Investment Income: $5
- Program Service Revenue: $26,848
- Gross Receipts: $52,416
Assets and Liabilities:
- Total Assets: $508,443
- Total Liabilities: $196,635
- Net Assets: $311,808
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
NET RENTAL INCOME
Revenue
$26,848
Organization Details
Founding Year
2000
Principal Officer
Seanelle Hawkins
Website
www.ulr.orgNTEE Category
Code: P20 - Human services
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