Kivel Manor Inc is located in Phoenix, AZ. The organization was established in 1963. According to its NTEE Classification (L21) the organization is classified as: Low-Income & Subsidized Rental Housing, 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. Kivel Manor Inc 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 06/2022, Kivel Manor Inc generated $3.1m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 17.0% each year . All expenses for the organization totaled $3.4m during the year ending 06/2022. While expenses have increased by 14.1% per year over the past 7 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE HOUSING AND CARE FOR LOW-INCOME ELDERLY & DISABLED.
Describe the Organization's Program Activity:
Part 3 - Line 4a
OWNERSHIP AND OEPRATION OF A 257 UNIT APARTMENT COMPLEX FOR THE ELDERLY & DISABLED.
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Ira Shulman President & CEO | OfficerTrustee | 2 | $0 |
Sw Peterson Vice President | OfficerTrustee | 2 | $0 |
Mark Searle Treasurer | OfficerTrustee | 2 | $0 |
Laura Lelakowski COO | Officer | 2 | $0 |
Richard Marmor Secretary | Trustee | 2 | $0 |
Vickie Mcdermott Director | Trustee | 1 | $0 |
Vendor Name (Service) | Service Year | Compensation |
---|---|---|
Az Elevator Solutions Maintenance | 6/29/18 | $474,181 |
Az Fire & Water Restoration Repair | 6/29/18 | $627,330 |
Patriot Mechanical Llc Maintenance | 6/29/18 | $341,975 |
Statement of Revenue | |
---|---|
Federated campaigns | $0 |
Membership dues | $0 |
Fundraising events | $0 |
Related organizations | $0 |
Government grants | $1,980,218 |
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 | $1,980,218 |
Total Program Service Revenue | $889,625 |
Investment income | $187 |
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 | $3,130,983 |
Statement of Expenses | |
---|---|
Grants and other assistance to domestic organizations and domestic governments. | $0 |
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 | $823,474 |
Pension plan accruals and contributions | $0 |
Other employee benefits | $103,590 |
Payroll taxes | $84,714 |
Fees for services: Management | $122,400 |
Fees for services: Legal | $0 |
Fees for services: Accounting | $12,000 |
Fees for services: Lobbying | $0 |
Fees for services: Fundraising | $0 |
Fees for services: Investment Management | $0 |
Fees for services: Other | $0 |
Advertising and promotion | $5,096 |
Office expenses | $30,861 |
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 | $150,162 |
Payments to affiliates | $0 |
Depreciation, depletion, and amortization | $619,706 |
Insurance | $180,400 |
All other expenses | $16,583 |
Total functional expenses | $3,448,459 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $118,203 |
Savings and temporary cash investments | $0 |
Pledges and grants receivable | $0 |
Accounts receivable, net | $16,222 |
Loans from Officers, Directors, or Controlling Persons | $0 |
Loans from Disqualified Persons | $0 |
Notes and loans receivable | $0 |
Inventories for sale or use | $0 |
Prepaid expenses and deferred charges | $10,389 |
Net Land, buildings, and equipment | $7,418,963 |
Investments—publicly traded securities | $0 |
Investments—other securities | $0 |
Investments—program-related | $0 |
Intangible assets | $162,179 |
Other assets | $692,154 |
Total assets | $8,418,110 |
Accounts payable and accrued expenses | $247,987 |
Grants payable | $0 |
Deferred revenue | $383 |
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 | $3,813,160 |
Unsecured mortgages and notes payable | $0 |
Other liabilities | $688,880 |
Total liabilities | $4,750,410 |
Net assets without donor restrictions | $3,667,700 |
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 | $0 |
Total liabilities and net assets/fund balances | $8,418,110 |
Organization Name | Assets | Revenue |
---|---|---|
Mercy Housing Wheaton Nfp Denver, CO | -$15,968,467 | $14,335,053 |
Burbank Housing Development Corporation Santa Rosa, CA | $103,460,619 | $16,261,747 |
Coachella Valley Housing Coalition Indio, CA | $146,778,624 | $17,127,596 |
Rocky Mountain Mutual Housing Association Inc Denver, CO | $89,135,511 | $15,318,775 |
Community Corporation Of Santa Monica Santa Monica, CA | $197,338,615 | $17,598,823 |
La Cooperativa Campesina De California Sacramento, CA | $2,765,549 | $15,334,359 |
Peoples Self-Help Housing Corporation San Luis Obispo, CA | $133,211,546 | $24,033,272 |
Eden Housing Management Inc Hayward, CA | $4,182,332 | $13,392,435 |
Southern California Housing Development Corporation Of Rancho Cucamonga, CA | $47,199,427 | $11,969,013 |
Equality Community Housing Corporation Glendale, AZ | $43,109,186 | $12,960,879 |
Mission Housing Development Corp San Francisco, CA | $63,790,844 | $19,251,297 |
Santa Barbara Affordable Housing Group Santa Barbara, CA | $111,093,068 | $10,555,389 |