Kenwood Place I Inc

Learn about this cause: Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 263697620 ✦ Indianapolis, IN ✦ Designated as a 501(c)(3)

Overview

What is Kenwood Place I Inc?

Kenwood Place I Inc is a nonprofit organization dedicated to offering affordable housing solutions for the elderly and disabled. Situated in the United States, it is backed by the U.S. Department of Housing and Urban Development (HUD). Tenants residing in Kenwood Place I pay a portion of their rent based on their financial capabilities, as HUD approves and subsidizes these payments. The organization's main objective is to ensure that elderly and disabled individuals have access to suitable housing. The mission of Kenwood Place I is deeply rooted in the provision of affordable living spaces, catering specifically to this vulnerable group of society.


Is Kenwood Place I Inc legitimate?

Kenwood Place I Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Kenwood Place I 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.

Here are some key statistics you may want to consider:

Executive Compensation: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $111,065

For more financial information, click here


What is the mission statement of Kenwood Place I Inc?
Who is the CEO of Kenwood Place I Inc?
What is the revenue of Kenwood Place I Inc?
Who are the executives of Kenwood Place I Inc and what are their salaries?
Where can I find the form 990 for Kenwood Place I Inc?

Mission Statement of Kenwood Place I Inc

Kenwood Place I, a dedicated nonprofit organization, is committed to providing affordable housing solutions for the elderly and disabled. Their mission centers around offering low-income housing for this demographic, ensuring that the tenants pay a portion of their rent based on their financial capabilities, as determined by the U.S. Department of Housing and Urban Development (HUD). This subsidy allows Kenwood Place I to make housing accessible, enabling the elderly to reside in a safe and secure environment. The organization's primary focus is on addressing the housing needs of the elderly population, thereby promoting their well-being and overall quality of life.

Impact

This information is meant to be a general summary of Kenwood Place I Inc. Please take the time to review official sources before making any decisions based upon the content provided here.




Wednesday, July 24, 2024

Kenwood Place I Inc's impact lies in providing essential low-income housing to elderly and disabled individuals in Indianapolis. By offering affordable housing options and rent subsidies determined by their ability to pay, Kenwood Place I enables these vulnerable populations to live with dignity and stability. Their mission to support the elderly with affordable housing speaks to the critical need for such services in the community, ensuring that those in need have a safe and secure place to call home.





Financials

This financial information is from Propublica.

Revenue
Expenses
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2023.

  • Investment Income: $9,327
  • Program Service Revenue: $578,582
  • Gross Receipts: $587,909

    • Assets and Liabilities:
  • Total Assets: $2,086,380
  • Total Liabilities: $1,950,722
  • Net Assets: $135,658
  • Programs

    Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.

    TENANT RENTS

    Revenue

    $399,685

    SECTION 8 HAP PAYMENTS

    Revenue

    $170,194

    TENANT CHARGES

    Revenue

    $4,839

    LAUNDRY AND VENDING

    Revenue

    $3,035

    OTHER REVENUE

    Revenue

    $829

    Organization Details

    Founding Year

    2009

    Principal Officer

    Michael Petrie

    Main Address

    441 WEST MICHIGAN STREET, INDIANAPOLIS, IN, 46202

    NTEE Category

    Code: L22 - Housing

    If you are a representative of Kenwood Place I Inc and wish to learn more about how Give Freely can help you raise funds, please click here: https://givefreely.com/nonprofits/. Our services are offered at no cost to your organization.