Overview
What is Spokane Urban Ministries?
Spokane Urban Ministries is a compassionate nonprofit organization situated in Spokane. Its primary objective is to offer affordable housing solutions for 46 low-income families, including those who have previously experienced homelessness and individuals living with disabilities. The organization is deeply committed to its mission of providing housing opportunities for those in need, aiming to make a positive impact on their lives.
What are the reviews and ratings of this charity?
Charity Navigator Rating: Needs Improvement (72%, Two-Star out of Four Star Rating)
Spokane Urban Ministries demonstrates solid financial accountability and governance, achieving a perfect score of 100% in the Accountability & Finance category. The organization has an independent board with all members meeting standards, and it adheres to policies regarding conflict of interest and document retention. Additionally, a high program expense ratio of 98.27% indicates that the majority of its resources are directed towards its mission-related activities.
However, despite these strengths, the organization faces significant challenges with its liabilities to assets ratio, which stands at an alarming 159.00%. This figure suggests that Spokane Urban Ministries may be over-leveraged, potentially raising concerns about its financial stability and ability to meet future obligations. Overall, while the organization excels in governance and mission spending, its financial health requires attention and improvement.
This AI summary has been generated from information found on Charity Navigator.
Is Spokane Urban Ministries legitimate?
Spokane Urban Ministries is a legitimate nonprofit organization registered as a 501(c)(3) entity. Spokane Urban Ministries 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: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $91,544
For more financial information, click here
What is the mission statement of Spokane Urban Ministries?
Spokane Urban Ministries is committed to serving the community by offering affordable housing solutions. Specifically, they cater to 46 low-income families, including those who have previously experienced homelessness and individuals with disabilities. The organization's primary mission is to provide this essential service, focusing on low-income housing.
Who is the CEO of Spokane Urban Ministries?
Alan Eschenbacher is the President of Spokane Urban Ministries.
What is the revenue of Spokane Urban Ministries?
Spokane Urban Ministries's revenue in 2022 was $462,023.
Who are the executives of Spokane Urban Ministries and what are their salaries?
The average compensation at Spokane Urban Ministries during 2022 was $45,772. There are 2 employees at Spokane Urban Ministries.
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Where can I find the form 990 for Spokane Urban Ministries?
Spokane Urban Ministries's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Spokane Urban Ministries
Spokane Urban Ministries, a dedicated nonprofit organization, is committed to providing low-income housing solutions. Their mission is to offer affordable living arrangements for 46 families who are financially disadvantaged, including those who have previously experienced homelessness and individuals with disabilities. By prioritizing this essential need, Spokane Urban Ministries seeks to make a meaningful impact in the lives of these families, providing them with a stable and secure living environment.
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Impact
July, 2024
Spokane Urban Ministries provides affordable housing for 46 low-income families, including families who were formerly homeless and individuals with disabilities in Spokane, WA. Its impact is seen in the tangible difference it makes in the lives of those in need by providing stable and safe housing options. By offering this crucial support, Spokane Urban Ministries helps improve the quality of life for vulnerable populations in the community, giving them a foundation from which to rebuild and thrive.
This information is meant to be a general summary of Spokane Urban Ministries. 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: $3,195
- Program Service Revenue: $442,637
- Gross Receipts: $462,023
Assets and Liabilities:
- Total Assets: $5,069,618
- Total Liabilities: $8,060,885
- Net Assets: -$2,991,267
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RESIDENTIAL RENT
Revenue
$420,210
COMMERICAL RENT
Revenue
$20,992
COMMERCIAL CAM FEES
OTHER INCOME
Revenue
$8,573
BAD DEBT AND NSF CHECKS
Revenue
-$7,138
Organization Details
Founding Year
2007
Principal Officer
Alan Eschenbacher
Main Address
1428 W BROADWAY AV, SPOKANE, WA, 99201
NTEE Category
Code: L21 - Housing
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