3 Keys Inc
Chamblee, GA
What do they do?
3 Keys Inc runs affordable housing projects for people who have mental illness and are homeless or at risk of becoming homeless. They provide not just apartments, but also support services to help these adults stay housed and stable.
Their mission:
"To develop and manage affordable permanent housing with on-site supportive services for adults facing the challenges of mental illness and homelessness."
💵 Money In vs. Money Out (2023)
Money they received
$2.8 million
Money they spent
$3.3 million
⚠️ They spent more than they received. They were short by $547K.
💡 This shows the big picture: how much came in and how much went out for the year.
📥 Where did the money come from? (2023)
| Source | Amount | % |
|---|---|---|
Donations from people Gifts and contributions from individuals, foundations, and government | $2.3 million | 70% |
Money earned from services Rental income and management fees from their housing programs | $971K | 30% |
Other income Refunds and miscellaneous income | $9K | 0% |
| Total | $3.3 million | 100% |
💡 This shows all the different ways this organization received money during the year.
📤 Where did the money go? (2023)
| What it paid for | Amount | % |
|---|---|---|
Employee salaries & benefits Paychecks, health insurance, and other benefits for workers | $883K | 29% |
Executive/officer pay What the CEO and other top bosses get paid | $141K | 5% |
Office & rent Rent, utilities, and building costs | $362K | 12% |
Professional services Lawyers, accountants, and consultants | $197K | 6% |
Travel Flights, hotels, and transportation | $9K | 0% |
Advertising & promotion Marketing and promotional materials | $116K | 4% |
Technology & equipment Computers, software, and equipment | $2K | 0% |
Other expenses Bad debt expenses, housing project costs, maintenance, insurance, and other operational costs | $1.4 million | 44% |
| Total spent | $3.1 million | 100% |
💡 This is the real breakdown from their tax filing. It shows exactly what they spent money on.
👥 Who runs this organization? (2023)
| Name | Job Title | Paid |
|---|---|---|
| Scott Walker | CEO | $138,137 |
| Susan Trueblood | Interim CEO | $3,000 |
| David Lambrecht | Chair | $0 |
| Bill McDonald | Vice Chair | $0 |
| Cathy Rambach | Secretary | $0 |
| Linda Booker | Treasurer | $0 |
💡 These are the people who make decisions for this organization and how much they were paid for the year.
🏦 What do they own vs. what do they owe? (2023)
| 💰 Total stuff they own (assets) | $13.3 million |
| 💳 Total they owe (debts) | $11.8 million |
| 📊 What's left (net worth) | $1.6 million |
💡 Their net worth is positive, meaning they own more than they owe. This is generally a healthy sign.
🎯 What programs do they run?
They operate three main housing projects: Rosalynn Apartments (56 units), Presley Woods (40 units), and O'Hern House (76 units). These provide permanent housing for 172 residents total. They also sponsor Progressive Welcome House SRO, which is a Georgia limited partnership for low-income housing.
⚠️ Things you might want to know
The organization had significant bad debt expenses of $426,489, which could indicate challenges collecting rent or other payments from residents. Also, they had a change in leadership during the year from Scott Walker to Susan Trueblood as interim CEO.
📄 Where did we get this info?
This comes from the IRS Form 990 that 3 Keys Inc filed for the year 2023. Every nonprofit has to tell the government how they spent their money, and that info is public.
👉 See the original tax form yourself →Data from ProPublica Nonprofit Explorer. Plain English summaries created with AI and reviewed for accuracy.