Kingston Properties I Nfp
- Assets
- $797.1k
- Revenue
- $9.0k
- Investments
- $0.0
- Employees
- 0
- Location
- Champaign, IL
- Founding
- 04/2009
- Data as of
- 12/2021
- EIN
- 26-1189380
Organization Overview
Kingston Properties I Nfp is located in Champaign, IL. The organization was established in 2009. According to its NTEE Classification (L22) the organization is classified as: Senior Citizens Housing & Retirement Communities, under the broad grouping of Housing & Shelter and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Kingston Properties I Nfp is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2021, Kingston Properties I Nfp generated $9.0k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (5.4%) each year. All expenses for the organization totaled $48.0k during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Kingston Properties I Nfp has awarded 20 individual grants totaling $266,600. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
KINGSTON PROPERTIES I, NFP IS ORGANIZED EXCLUSIVELY FOR CHARITABLE AND/OR EDUCATIONAL PURPOSES, INCLUDING THE MAKING OF DISTRIBUTIONS TO ORGANIZATIONS WHICH QUALIFY AS EXEMPT ORGANIZATIONS. IN FURTHERANCE OF THIS HUMANITARIAN MISSION, KINGSTON PROPERTIES I, NFP WILL ENGAGE IN THE ACQUISITION, REHABILITATION, AND OPERATION OF AFFORDABLE LOW INCOME HOUSING. KINGSTON PROPERTIES I, NFP WILL COORDINATE SUPPORTIVE COMMUNITY SERVICES AND COORDINATE SERVICE COORDINATOR PLACEMENT AS NECESSARY IN AN EFFORT TO PROVIDE AFFORDABLE RESIDENTIAL FACILITIES AND SERVICES SPECIALLY DESIGNED TO MEET THE PHYSICAL, SOCIAL, AND PSYCHOLOGICAL NEEDS OF LOW INCOME FAMILIES, AND TO PROMOTE THEIR HEALTH, SECURITY, AND HAPPINESS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PRESERVE AFFORDABLE HOUSING THAT IS AT RISK OF BEING ELIMINATED FROM THE NATIONAL AFFORDABLE HOUSING INVENTORY EITHER THROUGH CONVERSION TO MARKET RATE OR BY PHYSICAL DETERIORATION IN ADDITION TO THE MAKING OF GRANTS AND DISTRIBUTIONS FOR THE BENEFIT AND PURPOSES OF ORGANIZATIONS WHICH QUALIFY AS EXEMPT ORGANIZATIONS UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE OF 1986.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Dovid Tiechtel Secretary | OfficerTrustee | 1 | $0 |
Yaakov Litvin President/treasurer | OfficerTrustee | 4.5 | $0 |
Yosef Moscowitz Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $9,000 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $9,000 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $42,500 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $1,650 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $3,874 |
| Total functional expenses | $48,024 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $117,110 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $680,000 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $797,110 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $797,110 |
| Total liabilities and net assets/fund balances | $797,110 |
Grants Awarded
Over the last fiscal year, Kingston Properties I Nfp has awarded $37,500 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
Chicago, IL PURPOSE: TO SUPPORT THE MISSION OF THE ORGANIZATION | $30,000 |
Brooklyn, NY PURPOSE: TO SUPPORT THE MISSION OF THE ORGANIZATION | $7,500 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Wesley Manor Retirement Community Inc Louisville, KY | $9,224,359 | $9,135,157 |
Washington And Jane Smith Home Chicago, IL | $45,946,166 | $12,016,022 |
St Luke Homes & Services Inc Spencer, IA | $9,786,466 | $9,281,620 |
Scottish Rite Park Inc Des Moines, IA | $25,028,424 | $10,213,355 |
Oakwood Village Prairie Ridge Apartments Inc Madison, WI | $66,544,502 | $7,123,839 |
Oak Grove Christian Retirement Village Inc Demotte, IN | $15,497,962 | $9,106,880 |
Harwood Place Inc Wauwatosa, WI | $17,919,656 | $8,540,786 |
Haven Hubbard Homes Inc New Carlisle, IN | $13,233,962 | $8,213,218 |
Bethany North Suburban Group Glenview, IL | $25,298,657 | $7,708,577 |
Schmitt Woodland Hills Incorporated Richland Center, WI | $14,880,060 | $7,907,727 |
St Monicas Senior Living Racine, WI | $12,962,132 | $7,449,311 |
Ascension Living Via Christi Village Georgetown St Louis, MO | $14,604,169 | $4,861,607 |