Overview
What is Old Order Amish Helping Program?
The Old Order Amish Helping Program is a nonprofit organization situated in Elizabethville, Pennsylvania. Its primary objective is to support young and financially struggling members of the Old Order Amish community by providing them with low-interest loans to acquire farms or other agricultural financing needs. The program raises funds through investments from fellow Amish community members, who can choose to receive interest payments as checks or add them to their original investment balance. The program's loan agreements are secured by underlying real estate and are repaid over a 20-year period with a 10-year balloon. All loan approvals for agricultural activities are made by an independent board of directors, and members of this board and their families are also eligible to invest in or receive loans from the program. The organization's mission is rooted in the Old Order Amish religious beliefs of sharing, helping others within the community, and interdependence.
What are the reviews and ratings of this charity?
**Charity Navigator Rating: 67% (Two-Star out of Four Stars)**
The Old Order Amish Helping Program has received a Two-Star rating from Charity Navigator, indicating a moderate level of accountability and finance management. The rating is primarily based on its accountability measures, with strong marks for having an entirely independent board and a solid financial oversight committee. However, there are several areas of concern, particularly related to missing policies for conflict of interest, whistleblower protection, and document retention.
While the program excels in managing its funds, with nearly all expenses directed towards its mission, it struggles with transparency in certain operational practices, highlighted by its failure to meet basic transparency metrics such as maintaining an accessible website and posting required documents online. These limitations may raise concerns regarding stakeholder trust and ongoing financial reporting.
User reviews from GreatNonprofits could not be retrieved for this organization, leaving a gap in community sentiment evaluation. Overall, while the Old Order Amish Helping Program shows strong financial efficiency, its governance practices could benefit from improvement to enhance transparency and stakeholder confidence.
This AI summary has been generated from information found on Charity Navigator.
Is Old Order Amish Helping Program legitimate?
Old Order Amish Helping Program is a legitimate nonprofit organization registered as a 501(c)(3) entity. Old Order Amish Helping Program submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $42,000
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
What is the mission statement of Old Order Amish Helping Program?
The Old Order Amish Helping Program operates by borrowing funds from members of the Old Order Amish community and re-lending them at a low interest rate to younger, needy members. This initiative serves to promote the religious beliefs and cultural traditions of the Old Order Amish community among the younger generation, enabling them to establish themselves within the community. Central to its purpose is the religious mandate of sharing and helping others within the community, emphasizing the interdependence of its members.
Who is the CEO of Old Order Amish Helping Program?
Melvin Lapp Jr is the Administrato of Old Order Amish Helping Program.
What is the revenue of Old Order Amish Helping Program?
Old Order Amish Helping Program's revenue in 2022 was $8,388,468.
Who are the executives of Old Order Amish Helping Program and what are their salaries?
There 25 volunteers at Old Order Amish Helping Program.
Here are 14 key members and their salaries:
- Compensation: $39,000
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Where can I find the form 990 for Old Order Amish Helping Program?
Old Order Amish Helping Program's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Old Order Amish Helping Program
The Old Order Amish Helping Program, a community-based organization, borrows funds from its members to re-lend them to younger and financially struggling members of the Old Order Amish community at a low interest rate. This initiative serves to advance the religious beliefs and cultural traditions that are fundamental to the Old Order Amish lifestyle. By operating a helping program, the program allows young Amish individuals to establish themselves within the Old Order Amish community, thereby fostering a sense of interdependence and shared responsibility among its members. Central to the organization's purpose is the religious mandate of helping others within the community, emphasizing the importance of cooperation and mutual aid within the Old Order Amish community.
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Impact
October, 2024
The Old Order Amish Helping Program significantly impacts the community by facilitating financial support for younger or needy members, enabling them to establish themselves within the Old Order Amish lifestyle. By borrowing funds from community members and re-lending them at low interest rates, the program embodies the religious and cultural values of sharing and mutual assistance that are foundational to Amish beliefs.
This initiative allows young Amish individuals to acquire farmland and secure agricultural financing, ensuring they can participate actively in the community's economic life. The structured loan agreements are designed to be manageable, amortized over 20 years, helping recipients to plan their financial commitments wisely. As these younger members grow their businesses, they contribute to the sustainability and continuity of the community's traditions and practices.
Moreover, the program promotes a strong sense of interdependence among community members, reinforcing the idea that supporting one another leads to collective strength. By returning investment returns to contributors, the program maintains a cycle of support that fosters financial stability and social cohesion within the Old Order Amish community. In essence, the Old Order Amish Helping Program plays a crucial role in preserving the community's values while promoting economic viability and growth.
This information is meant to be a general summary of Old Order Amish Helping Program. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Investment Income: $279,877
- Program Service Revenue: $8,108,591
- Gross Receipts: $8,388,468
Assets and Liabilities:
- Total Assets: $336,475,903
- Total Liabilities: $333,548,706
- Net Assets: $2,927,197
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
LOAN INTEREST INCOME
Revenue
$8,108,591
Organization Details
Founding Year
1998
Phone
(717) 362-8463Principal Officer
Melvin Lapp Jr
Main Address
4440 SHIPPENDAM RD, ELIZABETHVILLE, PA, 17023
NTEE Category
Code: P60 - Human services
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