Kensington Place Inc
Nonprofit profile at a glance
- EIN
- 311311288
- IRS 990 coverage
- 2009–2024
- Forms available
- Form 990 2024
- Location
- Columbus, OH, USA
- Phone
- 6142285200
- Rating
- 72
- Verdict
- SUPPORTED
- Rating confidence
- Moderate
- Sector
- Senior Citizens' Housing/Retirement Communities
Reported finances
- Revenue
- $1,028,427
- Expenses
- $990,623
- Assets
- $4,071,300
- Liabilities
- $7,182,173
Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
18 people listed
Executive titles in this filing
- RACHEL LUSTIG (PRESIDENT & CEO)
Highest reported compensation
- RACHEL LUSTIG (PRESIDENT & CEO): $313,109 total reported compensation
- PHILIP HELSER (CFO: THROUGH 5/24): $128,017 total reported compensation
- FIKRU NIGUSSE (INTERIM CFO 5/24-6/24;CFO 7/24-1/25): $103,648 total reported compensation
Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
See schedule oto create a better world by serving people in need by operating food pantries, homeless shelters, a domestic violence shelter, affordable housing communities, senior living, assisted living and skilled care facilities, a home health care service and other services that assist families.
What it reported doing in 2024
To lease facilities to an affiliated entity providing residents with dignity, safety and a caring environment.
Operating model
- Revenue model
- Earned-program. 91% 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 program spending has declined or grown slowly.
Rating breakdown
- Financial Efficiency: 84
- Transparency & Controls: 60
- Accountability: 91
- Sustainability: 53
- Growth: 0
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 92%; rating input score 92
- Program expense ratio: 99.2%; rating input score 99
- Fundraising efficiency: Limited
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 63rd 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: Limited
Accountability
- Independent voting board: 100%; rating input score 100; 63rd percentile among comparable filings
- Governance controls: 7 of 9 controls in place; rating input score 78
- 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: Pass
- Audit committee oversight: Pass
- Independent financial-statement audit: Pass
Sustainability
- Operating margin: 3.7%; rating input score 47; 47th percentile among comparable filings
- Total-asset coverage ratio: 4.11; rating input score 81; 81st percentile among comparable filings
- Liabilities to assets ratio: 1.76; rating input score 2; 2nd percentile among comparable filings
- Officer compensation ratio: 2.9%; rating input score 57; 57th percentile among comparable filings
Growth
- Program expense growth: -8% per year; rating input score 0; 5th percentile among comparable filings
- Revenue growth: -12.1% per year; rating input score 0; 2nd percentile among comparable filings
- Asset growth: -3.7% per year; rating input score 0; 8th percentile among comparable filings
Details
- Where the money goes: 92% of revenue deployed · 99.2% of spending went to programs
- Governance: 14 of 14 board members independent · 7 of 9 filing controls reported
- Programs: 1 filed program accomplishment · $983K in reported program spending
- Leadership: top reported pay $313K · 18 people listed · 0 of 6 pay-setting controls reported
- Consistency: 20 of 20 current checks pass
- Schedules: 5 filed schedules · includes executive pay
- Filing history: 16 filing years from 2009 to 2024
- Contacts: How to reach this organization
- Related organizations: 29 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.
- High — Growth: Program expense growth scored 0/100.
- High — Growth: Revenue growth scored 0/100.
- Review — Accountability: Governance controls: 2 of 9 not reported.
- Moderate — Sustainability: Operating margin scored 47/100.
- High — Growth: Asset growth scored 0/100.
- High — Sustainability: Liabilities to assets ratio scored 2/100.
- Review — Sustainability: Officer compensation ratio scored 57/100.
- High — Grant Readiness: Federal audit findings: this organization reported findings in its latest federal Single Audit.