Kivel Manor Inc
- Assets
- $7.7m
- Revenue
- $3.4m
- Investments
- $0.0
- Employees
- 17
- Location
- Phoenix, AZ
- Founding
- 10/1963
- Data as of
- 06/2024
- EIN
- 86-0207274
Organization Overview
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. As of 06/2024, Kivel Manor Inc employed 17 individuals. 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 06/2024, Kivel Manor Inc generated $3.4m in total revenue. This organization has experienced exceptional growth, as over the past 9 years, it has increased revenue by an average of 14.0% each year . All expenses for the organization totaled $3.6m during the year ending 06/2024. While expenses have increased by 11.3% per year over the past 9 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
2024
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.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Ira Shulman President & CEO | OfficerTrustee | 2 | $0 |
Richard Marmor Secretary | Trustee | 2 | $0 |
Vickie Mcdermott Director | Trustee | 1 | $0 |
Sw Peterson Vice President | OfficerTrustee | 2 | $0 |
Mark Searle Treasurer | OfficerTrustee | 2 | $0 |
Debbie Waitkus Director | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Az Fire & Water Restoration Repair | 6/29/18 | $627,330 |
Az Elevator Solutions Maintenance | 6/29/18 | $474,181 |
Patriot Mechanical Llc Maintenance | 6/29/18 | $341,975 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $2,321,459 |
| 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 | $2,321,459 |
| Total Program Service Revenue | $999,032 |
| 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 | $3,402,119 |
| 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 | $872,089 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $138,968 |
| Payroll taxes | $90,737 |
| Fees for services: Management | $122,400 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $13,330 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $4,368 |
| Office expenses | $12,376 |
| 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 | $145,132 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $498,660 |
| Insurance | $188,079 |
| All other expenses | $20,952 |
| Total functional expenses | $3,613,332 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $64,978 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $30,520 |
| 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 | $11,943 |
| Net Land, buildings, and equipment | $6,783,502 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $151,367 |
| Other assets | $611,568 |
| Total assets | $7,653,878 |
| Accounts payable and accrued expenses | $243,669 |
| Grants payable | $0 |
| Deferred revenue | $1,999 |
| 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 | $3,670,492 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $691,382 |
| Total liabilities | $4,607,542 |
| Net assets without donor restrictions | $3,046,336 |
| 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 | $7,653,878 |