Overview
What is Canon Kip Inc?
Canon Kip Inc, based in San Francisco, California, functions as the general partner in Canon Kip Associates II, LP. Their primary mission is to support the partnership in developing, constructing, and operating housing facilities for low-income individuals. This nonprofit organization's exempt purposes also include acquiring, maintaining, operating, selling, leasing, and financing low-income housing developments. Additionally, Canon Kip Inc aims to benefit Esquiscopal Community Services of San Francisco, a publicly supported, nonprofit public benefit corporation. Their work contributes to providing housing solutions for individuals in need.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 79%, Three-Star out of Four Stars
Canon Kip Inc has received a Three-Star rating from Charity Navigator, indicating a solid performance in terms of accountability and finance. The organization has achieved a score of 79%, reflecting strong practices in governance and financial management. Notably, it has a fully independent board, with 10 out of 10 points awarded for both the majority of independent board members and the independent board size.
The charity excels in its financial practices, maintaining a perfect program expense ratio of 100%. This demonstrates a commitment to directing all resources towards its mission without any material diversion of assets. Additionally, it has implemented a range of essential policies, including those for conflict of interest and whistleblower protections, which have all been positively evaluated.
While the overall rating is commendable, the focus is solely on Accountability & Finance, which may limit insights into other operational aspects or programmatic effectiveness. Nonetheless, Canon Kip Inc's commitment to transparency and strong governance practices is evident in its high scores across various accountability measures.
This AI summary has been generated from information found on Charity Navigator.
Is Canon Kip Inc legitimate?
Canon Kip Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Canon Kip 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 Canon Kip Inc?
Canon Kip Inc, as the general partner in Canon Kip Associates II, LP, is committed to supporting the partnership's efforts in developing, constructing, and operating housing facilities for individuals with low income. The primary objective of Canon Kip Inc is to contribute to the acquisition, maintenance, operation, and financing of such low-income housing developments. Furthermore, the organization supports and benefits the work of Episcopal Community Services of San Francisco, a non-profit public benefit corporation. By doing so, Canon Kip Inc contributes to providing housing solutions for individuals in need.
Who is the CEO of Canon Kip Inc?
Mary Elizabeth Stokes is the President of Canon Kip Inc.
What is the revenue of Canon Kip Inc?
Canon Kip Inc's revenue in 2022 was $35,000.
Who are the executives of Canon Kip Inc and what are their salaries?
There 9 volunteers at Canon Kip Inc.
Here are 10 key members and their salaries:
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- Related: $297,866
- Other: $26,716
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- Other: $0
Where can I find the form 990 for Canon Kip Inc?
Canon Kip Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Canon Kip Inc
Canon Kip Inc, as a general partner in Canon Kip Associates II, LP, is dedicated to supporting the development, construction, and operation of housing facilities for low-income individuals. The primary purpose of Canon Kip Inc is to contribute to the cause of providing affordable housing, in line with its affiliation with Episcopal Community Services of San Francisco, a nonprofit organization. By supporting the partnership's efforts, Canon Kip Inc plays a significant role in addressing the housing needs of those with limited financial resources, thereby contributing to the betterment of the community it serves.
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Impact
October, 2024
Canon Kip Inc significantly contributes to addressing the pressing need for affordable housing in San Francisco. By acquiring, developing, maintaining, and operating low-income housing projects, the organization plays a crucial role in providing safe and stable homes for individuals and families who otherwise may struggle to find suitable living arrangements.
As the general partner in Canon Kip Associates II, LP, Canon Kip Inc actively supports initiatives aimed at constructing and managing housing facilities specifically designed for low-income individuals. This commitment not only helps alleviate housing shortages in the region but also enhances the overall well-being of the community it serves.
Furthermore, through its collaboration with Episcopal Community Services of San Francisco, Canon Kip Inc fosters a broader network of support for marginalized populations, ensuring that housing development goes hand-in-hand with essential services and resources. This integrated approach amplifies its impact, addressing both the immediate need for housing and the long-term stability and improvement of community health and wellness.
This information is meant to be a general summary of Canon Kip 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.
- Program Service Revenue: $35,000
- Gross Receipts: $35,000
Assets and Liabilities:
- Total Assets: $1,077,065
- Total Liabilities: $3,877,086
- Net Assets: -$2,800,021
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
MANAGEMENT FEE
Revenue
$35,000
Organization Details
Founding Year
1991
Phone
(415) 487-3300Principal Officer
Mary Elizabeth Stokes
Main Address
165 8TH STREET 3RD FLOOR, SAN FRANCISCO, CA, 94103
NTEE Category
Code: L00 - Housing
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