Overview
What is John W King Senior Community?
John W. King Senior Community is a nonprofit organization established in 1998, initially based in California, with a primary focus on constructing and operating a senior housing project. Specifically, they developed a 91-unit facility in San Francisco, catering to low-income, independent elderly individuals. The community, now operating under the name John King Senior, is regulated by the U.S. Department of Housing and Urban Development (HUD), ensuring affordable rent and adherence to specific operating methods. The organization's mission is to provide suitable housing and services for this specific demographic, thereby enhancing their quality of life.
Official website here: www.mercyhousing.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 81%, Three-Star out of Four Star rating
The John W King Senior Community has earned a solid Three-Star rating from Charity Navigator, indicating a commendable level of accountability and finance management. With an overall score of 81%, the charity's rating reflects strong performance in various financial aspects, particularly in audit oversight and absence of asset diversion. The charity scored full points in key areas, such as having a whistleblower policy and maintaining documented board meeting minutes, which showcases a commitment to transparency.
Financially, the organization has a low liabilities-to-assets ratio of 3.49%, suggesting prudent financial management. Additionally, a high program expense ratio of 98.46% indicates that the majority of its resources are directed towards fulfilling its mission rather than administrative costs. This focus on programmatic spending aligns with best practices in nonprofit management, demonstrating effectiveness in delivering services to the community.
However, while the charity's financial practices are strong, there could be concerns regarding the high salaries reported for key personnel, which may raise questions about compensation relative to the organization's overall mission. Nevertheless, overall, the John W King Senior Community appears to be a reliable organization committed to serving seniors effectively.
This AI summary has been generated from information found on Charity Navigator.
Is John W King Senior Community legitimate?
John W King Senior Community is a legitimate nonprofit organization registered as a 501(c)(3) entity. John W King Senior Community 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: $459,324
For more financial information, click here
Official website here: www.mercyhousing.org
What is the mission statement of John W King Senior Community?
The John W. King Senior Community's mission is centered around the development and operation of a senior housing project. This project, specifically a 91-unit facility, is designed to cater to low-income, independent elderly individuals. The community's purpose is to provide essential services for this demographic, ensuring they live with dignity and independence. The organization operates under Section 202 of the Housing Act of 1959, with regulations set by HUD regarding rent charges and operating methods.
Official website here: www.mercyhousing.org
Who is the CEO of John W King Senior Community?
Doug Shoemaker is the President/Director of John W King Senior Community.
Official website here: www.mercyhousing.org
What is the revenue of John W King Senior Community?
John W King Senior Community's revenue in 2022 was $1,283,739.
Official website here: www.mercyhousing.org
Who are the executives of John W King Senior Community and what are their salaries?
Here are 15 key members and their salaries:
- Compensation: $0
- Related: $151,225
- Other: $7,573
- Compensation: $0
- Related: $304,832
- Other: $28,064
- Compensation: $0
- Related: $169,136
- Other: $31,795
- Compensation: $0
- Related: $215,449
- Other: $8,873
- Compensation: $0
- Related: $189,462
- Other: $7,937
- Compensation: $0
- Related: $228,009
- Other: $33,552
- Compensation: $0
- Related: $198,100
- Other: $21,341
- Compensation: $0
- Related: $157,372
- Other: $10,314
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $94,309
- Other: $16,925
- Compensation: $0
- Related: $189,811
- Other: $4,240
- Compensation: $0
- Related: $256,515
- Other: $45,801
- Compensation: $0
- Related: $143,251
- Other: $38,467
- Compensation: $0
- Related: $164,838
- Other: $15,948
- Compensation: $0
- Related: $161,460
- Other: $35,386
Official website here: www.mercyhousing.org
Where can I find the form 990 for John W King Senior Community?
John W King Senior Community's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.mercyhousing.org
Learn more at the official website: www.mercyhousing.org
Mission Statement of John W King Senior Community
John W. King Senior Community, established in 1998, is a California-based nonprofit organization dedicated to the development and operation of a senior housing project. This project, designed for low-income, independent elderly individuals, aims to provide a supportive living environment. The nonprofit's mission is centered around constructing and managing a 91-unit rental housing complex, adhering to regulations set by the Department of Housing and Urban Development (HUD). These guidelines ensure reasonable rent charges and appropriate operating methods for the project's residents. By offering such a service, John W. King Senior Community contributes to the well-being and independence of the elderly community, fostering a secure living environment.
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Impact
July, 2024
John W King Senior Community is making a significant impact by providing affordable housing and services for low-income, independent elderly persons in San Francisco, California. Through the development and operation of a 91-unit senior housing development, this organization is addressing a critical need in the community by ensuring that vulnerable seniors have a safe and affordable place to live. The project is regulated by HUD to ensure fair rent charges and operating methods, further demonstrating the organization's commitment to serving this demographic. Overall, John W King Senior Community is playing a vital role in supporting the well-being and independence of elderly individuals in San Francisco.
This information is meant to be a general summary of John W King Senior Community. 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: $373
- Program Service Revenue: $403,743
- Gross Receipts: $1,283,739
Assets and Liabilities:
- Total Assets: $5,486,662
- Total Liabilities: $191,556
- Net Assets: $5,295,106
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
NET RENTAL REVENUE
Revenue
$375,588
ANCILLARY SERVICES
Revenue
$19,650
OTHER REVENUE
Revenue
$8,505
Organization Details
Founding Year
2000
Phone
(303) 830-3300Principal Officer
Doug Shoemaker
Main Address
1600 BROADWAY SUITE 2000, DENVER, CO, 802025704
Website
www.mercyhousing.orgNTEE Category
Code: L220 - Housing
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