Overview
What is Kimiwa Inc?
Kimiwa Inc, located in Vancouver, Washington, is a nonprofit organization primarily known for providing housing solutions for elderly individuals and their families. This is in accordance with Section 202 of the Housing Act of 1959 and any subsequent amendments. The organization, operating under the name Summer Run Apartments, serves approximately 50 individuals and families, offering them quality senior living facilities. However, it was announced in 2022 that the property was sold.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 71%, earning it a Two-Star out of Four Star rating.
Kimiwa Inc has received a two-star rating from Charity Navigator, indicating a moderate level of performance in terms of financial health and accountability. The organization excels in several key areas, including maintaining a fully independent board and effectively managing its assets, reflected in a 100% program expense ratio. This suggests that all expenditures are directed towards its mission-driven programs.
The nonprofit demonstrates strong governance practices, with documented board meeting minutes and a clear policy for document retention and destruction. However, while the accountability metrics are solid, the overall rating suggests that there may be areas for improvement in transparency or impact measurement that could enhance its performance in the eyes of potential donors.
Despite its strengths, the two-star rating signals that Kimiwa Inc may need to address certain operational aspects to improve stakeholder confidence. Increasing engagement with the community or enhancing reporting practices could be beneficial steps towards a higher rating in the future.
This AI summary has been generated from information found on Charity Navigator.
Is Kimiwa Inc legitimate?
Kimiwa Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Kimiwa 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: $0
For more financial information, click here
What is the mission statement of Kimiwa Inc?
Kimiwa Inc, through its Summer Run Affordable Retirement Living Complex, has been dedicated to providing quality senior living accommodations for individuals aged 62 and above. Prior to 2022, the company offered housing for elderly persons and their families in accordance with Section 202 of the Housing Act of 1959 and any subsequent amendments, benefiting approximately 50 individuals and families. The mission of Kimiwa Inc was to offer affordable housing solutions that cater to the needs of senior citizens.
Who is the CEO of Kimiwa Inc?
Matthew Smith is the Chairman of Kimiwa Inc.
What is the revenue of Kimiwa Inc?
Kimiwa Inc's revenue in 2023 was $3,317,489.
Who are the executives of Kimiwa Inc and what are their salaries?
Here are 5 key members and their salaries:
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Where can I find the form 990 for Kimiwa Inc?
Kimiwa Inc's most recent form 990 was submitted in 2023 and can be accessed here.
Mission Statement of Kimiwa Inc
Kimiwa Inc, a nonprofit organization, was dedicated to providing housing for elderly individuals and their families. This was in alignment with Section 202 of the Housing Act of 1959, along with any subsequent amendments. The organization's mission was to offer affordable retirement living to seniors aged 62 and above through the Summer Run's Retirement Living Complex. This facility provided quality senior living, benefiting approximately 50 individuals and families. Regrettably, Kimiwa Inc sold this property in 2022, although its commitment to supporting the elderly community may have continued in other ways, as the provided information does not specify otherwise.
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Impact
July, 2024
Kimiwa Inc has made a significant impact by providing housing for elderly persons and their families in Vancouver, WA. Through their affordable retirement living complex, they have benefited approximately 50 individuals and families, offering quality senior living to seniors aged 62 and older. By adhering to the guidelines set forth in the Housing Act of 1959, Kimiwa Inc has played a crucial role in supporting the housing needs of the elderly population in the community. The recent sale of their property in 2022 marks a milestone in their mission to provide essential housing services to this vulnerable demographic.
This information is meant to be a general summary of Kimiwa 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 2023.
- Investment Income: $3,317,489
- Gross Receipts: $3,870,875
Assets and Liabilities:
- Total Assets: $3,457,408
- Total Liabilities: $0
- Net Assets: $3,457,408
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Organization Details
Founding Year
1983
Phone
(503) 231-4922Principal Officer
Matthew Smith
Main Address
5810 NE 120TH CIRCLE, VANCOUVER, WA, 98868
NTEE Category
Code: L22 - Housing
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