Ken-Crest Housing DE 2003 Inc
Nonprofit profile at a glance
- EIN
- 200679579
- IRS 990 coverage
- 2010–2024
- Forms available
- Form 990 2024
- Location
- Blue Bell, PA, USA
- Phone
- 6108259360
- Rating
- 70
- Verdict
- SUPPORTED
- Rating confidence
- Moderate
- Sector
- Low-Income & Subsidized Rental Housing
Reported finances
- Revenue
- $137,300
- Expenses
- $169,938
- Assets
- $792,608
- Liabilities
- $189,639
Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
9 people listed
Executive titles in this filing
- Marian Baldini (CEO)
- CHARLES W HORN III (PRESIDENT)
Highest reported compensation
- Marian Baldini (CEO): $532,888 total reported compensation
- Colleen Kelly (CFO): $339,831 total reported compensation
Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
To operate a nonprofit corporation to provide housing for people with disabilities pursuant to section 811 of the u.s. Department of housing and urban development.
What it reported doing in 2024
Kencrest housing de 2003, inc. Was organized to acquire, rehabilitate, construct, own and operate three housing projects totaling 12 units in Delaware to provide housing for people with disabilities as may be identified by federal, state, or county officials.
Operating model
- Revenue model
- Earned-program. 100% of the money available for current operations came from fees and other program revenue.
- Distribution model
- Direct operator. The filing allocates 100% of reported program-service expenses outside its grant, affiliate-payment, and member-benefit lines. This expense classification does not rule out separately announced grant awards.
The verdict
SUPPORTED - A large share of available resources goes toward mission work and most voting board members are independent. Few specific pay-setting methods are documented in the filing; unanswered boxes are not proof of absence and some filing-based governance responses are negative or unanswered.
Rating breakdown
- Financial Efficiency: 77
- Transparency & Controls: 56
- Accountability: 86
- Sustainability: 32
- Growth: 80
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 92.9%; rating input score 93
- Program expense ratio: 75.1%; rating input score 75
- Fundraising efficiency: Limited
Transparency & Controls
- Consistency checks: 93.3%; rating input score 93; 26th percentile among comparable filings
- Pay-setting controls: 0 of 6 controls in place; rating input score 0
- Compensation committee: Missing
- Independent consultant: Missing
- Other Form 990s reviewed: Missing
- Written employment contract: Missing
- Compensation survey or study: Missing
- Board or committee approval: Missing
- Foreign activity oversight: Limited
- Grant itemization coverage: Limited
- Major donor itemization: Limited
- Related-party transparency: No; rating input score 0
Accountability
- Independent voting board: 100%; rating input score 100; 63rd percentile among comparable filings
- Governance controls: 6 of 9 controls in place; rating input score 67
- Conflict-of-interest policy: Pass
- Whistleblower policy: Pass
- Document-retention policy: Pass
- CEO compensation review process: Fail
- Other executive compensation review process: Fail
- Form 990 shared with the board: Pass
- Board meeting minutes documented: Fail
- Audit committee oversight: Pass
- Independent financial-statement audit: Pass
Sustainability
- Operating margin: -23.8%; rating input score 12; 12th percentile among comparable filings
- Total-asset coverage ratio: 4.66; rating input score 78; 78th percentile among comparable filings
- Liabilities to assets ratio: 0.24; rating input score 18; 18th percentile among comparable filings
- Officer compensation ratio: 32%; rating input score 10; 10th percentile among comparable filings
Growth
- Program expense growth: 0.2% per year; rating input score 100; 31st percentile among comparable filings
- Revenue growth: 1.6% per year; rating input score 100; 32nd percentile among comparable filings
- Asset growth: -1.8% per year; rating input score 0; 18th percentile among comparable filings
Details
- Where the money goes: 92.9% of revenue deployed · 75.1% of spending went to programs
- Governance: 7 of 7 board members independent · 6 of 9 filing controls reported
- Programs: 1 filed program accomplishment · $128K in reported program spending
- Leadership: top reported pay $533K · 9 people listed · 0 of 6 pay-setting controls reported
- Consistency: 26 of 27 current checks pass · 1 finding to review
- Schedules: 5 filed schedules · includes executive pay
- Filing history: 14 filing years from 2010 to 2024
- Contacts: How to reach this organization
- Related organizations: 16 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.
Key Signals
Signals prioritize questions for review. They are not findings of misconduct.
Grant-readiness screening is separate from the live rating, not a measure of program quality. Review the source records before making a grant decision.
- High — Transparency & Controls: Pay-setting controls scored 0/100.
- Review — Accountability: Governance controls: 3 of 9 not reported.
- High — Sustainability: Operating margin scored 12/100.
- High — Transparency & Controls: Related-party transparency scored 0/100.
- High — Growth: Asset growth scored 0/100.
- Review — Transparency & Controls: Schedule R controlled transactions itemized did not reconcile in the filed values.
- High — Sustainability: Officer compensation ratio scored 10/100.
- High — Sustainability: Liabilities to assets ratio scored 18/100.
- High — Grant Readiness: Federal audit findings: this organization reported findings in its latest federal Single Audit.