Kent Cooperative Housing
- Assets
- $211.7k
- Revenue
- $27.9k
- Investments
- $0.0
- Employees
- 2
- Location
- Kent, OH
- Founding
- 10/1986
- Data as of
- 12/2022
- EIN
- 34-1433849
Organization Overview
Kent Cooperative Housing is located in Kent, OH. The organization was established in 1986. According to its NTEE Classification (L50) the organization is classified as: Homeowners & Tenants Associations, under the broad grouping of Housing & Shelter and related organizations. As of 12/2022, Kent Cooperative Housing employed 2 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Kent Cooperative Housing is a 501(c)(7) and as such, is described as a "Social and Recreational Club" by the IRS.
For the year ending 12/2022, Kent Cooperative Housing generated $27.9k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (6.1%) each year. All expenses for the organization totaled $39.9k during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (2.4%) per year over the past 6 years. 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 LOW-COST HOUSING FOR STUDENTS, TO TEACH COOPERATIVE DEMOCRACY, TO EDUCATE THE COMMUNITY ABOUT URBAN GARDENING AND TO DEMONSTRATE ENERGY EFFICIENCY AND SOLAR POWER.
Describe the Organization's Program Activity:
Part 3 - Line 4a
MAINTAINED THREE CO-OP HOUSES, PROVIDING LOW-COST HOUSING AT HALF THE AVERAGE RENT FOR THE AREA. REPAIRED GARAGE ON THE FRANKLIN ST. HOUSE. REPAIRED PLUMBING AT THE MAIN ST. HOUSE. REPLACED THE FRONT DOOR AT THE DODGE ST. HOUSE.
TAUGHT COOPERATIVE DEMOCRACY THROUGH REGULAR MEETINGS. EDUCATED MEMBERS IN ROBERTS RULES OF ORDER. CONDUCTED BOARD ELECTIONS. REVIEWED BYLAWS AND GOVERNANCE.
CREATED PERMACULTURE URBAN GARDENS AT TWO LOCATIONS. WORKED WITH THE CITY OF KENT PARKS AND REC PROGRAM TO EDUCATE KIDS IN CREATING A GARDEN. CREATED A GARDEN FOR THE KENT PARKS AND REC COMMUNITY CENTER. PARTNERED WITH THE NON-PROFIT EDIBLE KENT TO CREATE AN EDIBLE FOOD GARDEN FOR THE FOOD PANTRY AT THE KENT SOCIAL SERVICES. ARRANGED TOURS FOR SEVERAL GARDENING ORGANIZATIONS INCLUDING THE PORTAGE COUNTY PRACTICING PERMACULTURE GROUP. OBTAINED GRANT AND PLANTED FRUIT TREES AND BUSHES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Fred Pierre Treasurer | OfficerTrustee | 10 | $6,270 |
Julie Morris Coordinator | Officer | 10 | $1,961 |
John Williams President | OfficerTrustee | 10 | $0 |
Cynthia Krizo Secretary | OfficerTrustee | 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 | $27,872 |
| 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 | $27,872 |
| 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. | $7,439 |
| 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 | $1,716 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $178 |
| Advertising and promotion | $0 |
| Office expenses | $164 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $28,433 |
| 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 | $1,256 |
| All other expenses | $0 |
| Total functional expenses | $39,916 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,176 |
| Savings and temporary cash investments | $250 |
| 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 | $5,100 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $205,137 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $211,663 |
| 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 | $490 |
| Other liabilities | $4,366 |
| Total liabilities | $4,856 |
| 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 | $205,137 |
| Retained earnings, endowment, accumulated income, or other funds | $1,670 |
| Total liabilities and net assets/fund balances | $211,663 |