Kenmore Housing Development Fund Corporation
Overview
Mission
See schedule o.
What it reported doing in 2024
The organization provides social services to the residents of the low-income supportive housing project known as kenmore hall. The project has 326 efficiency housing units and is situated at 143-147 east 23rd street, ny, ny. The services are funded by social service contracts with nyc department of homeless services and nyc human resources administration and a supportive housing program grant from us department of housing and urban development ("hud"). All admitted residents are single adults and are required to meet hud's criteria for homelessness, disability and low income.
Operating model
- Revenue model
- Grant-funded. 100% of the money available for current operations came from government grants.
- Distribution model
- Direct operator. The nonprofit carried out 87% of its reported program work directly.
Nonprofit profile at a glance
- EIN
- 133862850
- IRS 990 coverage
- 2010–2024
- Forms available
- Form 990 2024
- Headquarters
- New York, NY, USA
- Rating
- 77
- Verdict
- SUPPORTED
- Rating confidence
- Moderate
- Sector
- Housing Development, Construction, Management
The verdict
SUPPORTED - A large share of available resources goes toward mission work and the filed numbers largely add up. A relatively small share of voting board members are independent and the filing reports few safeguards for setting executive pay.
Rating breakdown
- Financial Efficiency: 100
- Transparency & Controls: 68
- Accountability: 56
- Sustainability: 21
- Growth: 80
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 100%; rating input score 100
- Program expense ratio: 100%; rating input score 100
- Fundraising efficiency: Limited
Transparency & Controls
- Consistency checks: 92.3%; rating input score 92; 16th percentile among comparable filings
- Pay-setting controls: 0 of 6 controls in place; rating input score 0
- Foreign activity oversight: Limited
- Grant itemization coverage: 100%; rating input score 100; 76th percentile among comparable filings
- Major donor itemization: Yes; rating input score 100
- Related-party transparency: No; rating input score 0
- Public monitoring controls: Limited
- Public policy transparency: Limited
- Public financial transparency: Limited
- Impact reporting controls: Limited
- Public relationship transparency: Limited
Accountability
- Independent voting board: 33.3%; rating input score 33; 10th percentile among comparable filings
- Governance controls: 7 of 9 controls in place; rating input score 88
- Public governance controls: Limited
- Zakat policy transparency: Limited
Sustainability
- Operating margin: -9.8%; rating input score 17; 17th percentile among comparable filings
- Operating reserve ratio: 0.81; rating input score 36; 36th percentile among comparable filings
- Liabilities to assets ratio: 1.06; rating input score 5; 5th percentile among comparable filings
- Officer compensation ratio: 21.6%; rating input score 13; 13th percentile among comparable filings
Growth
- Program expense growth: 1.4% per year; rating input score 100; 23rd percentile among comparable filings
- Revenue growth: 2.4% per year; rating input score 100; 27th percentile among comparable filings
- Asset growth: -0.9% per year; rating input score 0; 15th percentile among comparable filings
Details
- Where the money goes: 100% of revenue deployed · 100% of spending went to programs
- Governance: 1 of 3 board members independent · 7 of 9 filing controls reported
- Programs: 1 filed program accomplishment · $1.6M in reported program spending
- Leadership: top reported pay $199K · 12 people listed · 0 of 6 pay-setting controls reported
- Consistency: 25 of 26 current checks pass · 1 finding to review
- Schedules: 7 filed schedules · includes major donors, grants, executive pay, and related organizations
- Filing history: 15 annual filings from 2010 to 2024
- Contacts: How to reach this organization
- Money network: 1 filed money-flow record
- Related organizations: 6 filed related-organization links
- Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
- People: Everyone the filings name, and which of them the filings identify by more than a name.