Overview
What is Wings Of Grace Ministries Inc?
Wings Of Grace Ministries Inc is a nonprofit organization situated in Melbourne, Florida. Their mission is centered around spiritual education, housing, and community development, executed through music, aviation, and outreach initiatives. They operate within an interdenominational ministry. The organization provides assistance to individuals facing challenges with housing and employment, offering rental properties at affordable rates, as per HUD guidelines, to tenants experiencing income, credit, or criminal history issues. Furthermore, Wings Of Grace Ministries extends a helping hand to teenagers transitioning out of the foster care system. Additionally, they offer job training opportunities through their thrift store, Wings Of Grace Thrift & More. The organization, with a team of nine employees, is dedicated to uplifting and supporting their community.
Official website here: www.wingsofgraceministries.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 67%, Two-Star out of Four Star rating.
Wings Of Grace Ministries Inc has received a Two-Star rating, indicating some strengths and areas for improvement in its accountability and finance practices. The organization demonstrates excellent governance with a fully independent board and strong policies regarding material diversion of assets and conflict of interest. However, it lacks in crucial areas such as having a whistleblower policy and proper document retention practices, which has impacted its overall score.
The charity showcases a robust program expense ratio of 95.41%, reflecting a commitment to utilizing resources effectively for its intended mission. This high percentage suggests that a significant portion of donations is directed towards programmatic activities rather than administrative costs. Despite this positive aspect, the liabilities to assets ratio at 57.76% indicates potential financial vulnerabilities that warrant monitoring.
Overall, while Wings Of Grace Ministries Inc has solid operational strengths, specifically in governance and program spending, its lack of certain policies and financial ratios raises concerns. Continuous improvement in these areas could enhance its rating and overall impact.
This AI summary has been generated from information found on Charity Navigator.
Is Wings Of Grace Ministries Inc legitimate?
Wings Of Grace Ministries Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Wings Of Grace Ministries Inc 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: $52,000
Professional Fundraising Fees: $0
Other Salaries and Wages: $151,726
For more financial information, click here
Official website here: www.wingsofgraceministries.org
What is the mission statement of Wings Of Grace Ministries Inc?
Wings of Grace Ministries Inc. is dedicated to providing spiritual education, housing, and community development. They achieve this through the mediums of music, aviation, and outreach, operating within an interdenominational ministry. The organization extends assistance to individuals facing housing and employment challenges, offering rental properties at affordable rates according to HUD guidelines. Additionally, Wings of Grace Ministries provides housing for teenagers exiting the foster care system and offers job training opportunities through their thrift store, Wings of Grace Thrift & More.
Official website here: www.wingsofgraceministries.org
Who is the CEO of Wings Of Grace Ministries Inc?
Dwight Bell is the President of Wings Of Grace Ministries Inc.
Official website here: www.wingsofgraceministries.org
What is the revenue of Wings Of Grace Ministries Inc?
Wings Of Grace Ministries Inc's revenue in 2022 was $1,002,735.
Official website here: www.wingsofgraceministries.org
Who are the executives of Wings Of Grace Ministries Inc and what are their salaries?
The average compensation at Wings Of Grace Ministries Inc during 2022 was $22,636. There are 9 employees at Wings Of Grace Ministries Inc.
Here are 4 key members and their salaries:
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $52,000
- Related: $0
- Other: $0
Official website here: www.wingsofgraceministries.org
Where can I find the form 990 for Wings Of Grace Ministries Inc?
Wings Of Grace Ministries Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.wingsofgraceministries.org
Learn more at the official website: www.wingsofgraceministries.org
Mission Statement of Wings Of Grace Ministries Inc
Wings of Grace Ministries Inc is dedicated to offering spiritual education, housing, and community development through music, aviation, and outreach in an interdenominational ministry. Their mission is threefold: spiritual education, housing assistance, and community development.
In the realm of spiritual education, Wings of Grace Ministries Inc strives to spread knowledge and understanding of faith. Through music and aviation, they engage individuals in a unique and captivating manner, fostering a deeper connection with their faith.
The housing aspect of Wings of Grace Ministries Inc is particularly noteworthy. They provide assistance to individuals who are struggling with housing and employment, offering rental properties at rates that are affordable according to HUD guidelines. This helps tenants who may be disadvantaged due to income, poor credit, or a criminal history. Moreover, the ministry extends its housing provisions to teenagers aging out of the foster care system.
Lastly, Wings of Grace Ministries Inc plays a significant role in community development. They offer job training through their Wings of Grace Thrift & More thrift store, providing opportunities for individuals to learn new skills and potentially secure employment. This comprehensive approach to addressing housing and employment challenges, as well as fostering personal growth and community development, encapsulates the mission of Wings of Grace Ministries Inc.
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Impact
October, 2024
Wings Of Grace Ministries Inc significantly impacts the Melbourne community by addressing critical needs in housing and employment while promoting spiritual education. The ministry provides affordable rental properties, often below HUD guidelines, to individuals faced with housing challenges, including those with low income, poor credit histories, or criminal backgrounds.
Notably, they also extend support to teenagers aging out of the foster care system, ensuring that these young individuals have safe and stable accommodations as they transition into adulthood. In addition to housing initiatives, the ministry runs a thrift store, Wings of Grace Thrift & More, which offers job training opportunities and helps participants build skills necessary for employment.
By integrating community development with outreach efforts through music and aviation, Wings Of Grace Ministries Inc creates a holistic platform that fosters not only immediate assistance but also long-term growth and empowerment for vulnerable populations in the area.
This information is meant to be a general summary of Wings Of Grace Ministries Inc. 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: $2,157
- Program Service Revenue: $413,290
- Gross Receipts: $1,212,905
Assets and Liabilities:
- Total Assets: $3,598,396
- Total Liabilities: $2,078,738
- Net Assets: $1,519,658
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
EX FUNC INC - RENTALS
Revenue
$385,725
EX FUNC INC - AVIATION
Revenue
$26,219
EX FUNC INC - MUSIC
Revenue
$1,346
Organization Details
Founding Year
2010
Phone
(321) 288-7209Principal Officer
Dwight Bell
Main Address
444 GROVE LANE 104, MELBOURNE, FL, 32901
NTEE Category
Code: B50 - Education
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