Kentway Inc
- Assets
- $1.3m
- Revenue
- $816.5k
- Investments
- $0.0
- Employees
- 3
- Location
- Kent, OH
- Founding
- Data as of
- 12/2016
- EIN
- 34-1058573
Organization Overview
Kentway Inc is located in Kent, OH. As of 12/2015, Kentway Inc employed 3 individuals. Kentway 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 12/2016, Kentway Inc generated $816.5k in total revenue. The organization has seen a slow decline revenue. Over the past 2 years, revenues have fallen by an average of (1.9%) each year. All expenses for the organization totaled $606.6k during the year ending 12/2016. 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
2016
Describe the Organization's Mission:
Part 3 - Line 1
PROVIDE HOUSING TO LIMITED INCOME ELDERLY INDIVIDUALS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
OPERATION OF MULTI-FAMILY HOUSING FOR LIMITIED INCOME ELDERLY TENANTS IN THE KENT, OHIO AREA.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Fran Hardesty President | OfficerTrustee | 1 | $0 |
Judy Kunka Secretary | OfficerTrustee | 1 | $0 |
Mike Crawford Vice Preside | OfficerTrustee | 1 | $0 |
Mark Ferguson Treasurer | OfficerTrustee | 1 | $0 |
Amanda Lewis Trustee | Trustee | 1 | $0 |
Dorothy Rice Trustee | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $164,640 |
| Investment income | $939 |
| 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 | $816,487 |
| Statement of Expenses | |
|---|---|
| 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 to disqualified persons | $0 |
| Other salaries and wages | $88,097 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $9,145 |
| Fees for services: Management | $48,174 |
| Fees for services: Legal | $1,735 |
| Fees for services: Accounting | $3,450 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $4,900 |
| Advertising and promotion | $403 |
| Office expenses | $5,929 |
| Information technology | $3,007 |
| Royalties | $0 |
| Occupancy | $165,222 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $1,651 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $56,111 |
| Insurance | $50,196 |
| All other expenses | $0 |
| Total functional expenses | $606,599 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $22,834 |
| Savings and temporary cash investments | $356,584 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $11,309 |
| 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 | $11,650 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,273,714 |
| Accounts payable and accrued expenses | $97,247 |
| 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 | $54,036 |
| Total liabilities | $151,283 |
| Net assets without donor restrictions | $1,122,431 |
| 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 |
| Total liabilities and net assets/fund balances | $1,122,431 |
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