Overview
What is Renewed Treasures Ministries?
Renewed Treasures Ministries is a nonprofit organization that offers transitional housing and support to women who have overcome addiction, experienced homelessness, been incarcerated, or have encountered life-threatening situations. The primary mission of this organization is to provide a safe shelter and related services for these women during their transition period. The focus is on offering a supportive environment to help these women rebuild their lives and reintegrate into society. The organization's services include, but are not limited to, shelter, essential necessities, and related functional support.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 58%, One-Star out of Four Stars
Renewed Treasures Ministries has received a low rating of 58%, which reflects concerns regarding its financial accountability and performance. While the organization has a perfect score for board independence and governance practices, it struggles with a high liabilities to assets ratio, indicating potential financial instability.
The nonprofit excels in its program expense ratio, allocating 99.57% of its financial resources directly to its programs, which suggests a strong commitment to fulfilling its mission. Additionally, the organization has transparent practices in documenting board meeting minutes, further enhancing its accountability.
However, the significant liabilities compared to assets raise questions about the long-term financial health of Renewed Treasures Ministries. Despite its strong programmatic focus, the financial challenges may hinder future growth or sustainability, pointing to the need for improved financial management strategies.
This AI summary has been generated from information found on Charity Navigator.
Is Renewed Treasures Ministries legitimate?
Renewed Treasures Ministries is a legitimate nonprofit organization registered as a 501(c)(3) entity. Renewed Treasures 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: $34,700
Professional Fundraising Fees: $0
Other Salaries and Wages: $13,200
For more financial information, click here
What is the mission statement of Renewed Treasures Ministries?
Renewed Treasures Ministries is committed to providing transitional housing and support for women who have overcome addiction, homelessness, incarceration, and life-threatening situations. Their primary objective is to offer a safe shelter and essential services for these transitioning women. The organization's mission primarily revolves around offering transitional housing, aiming to help these women rebuild their lives and find a stable footing in society.
Who is the CEO of Renewed Treasures Ministries?
Ann Bradley is the President of Renewed Treasures Ministries.
What is the revenue of Renewed Treasures Ministries?
Renewed Treasures Ministries's revenue in 2022 was $166,125.
Who are the executives of Renewed Treasures Ministries and what are their salaries?
The average compensation at Renewed Treasures Ministries during 2022 was $11,975. There are 4 employees and 8 volunteers at Renewed Treasures Ministries.
Here are 5 key members and their salaries:
- Compensation: $20,000
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $14,700
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Where can I find the form 990 for Renewed Treasures Ministries?
Renewed Treasures Ministries's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Renewed Treasures Ministries
Renewed Treasures Ministries is a nonprofit organization that is dedicated to offering transitional housing and support for women who have faced challenging circumstances such as addiction, homelessness, incarceration, and life-threatening situations. The mission of this ministry is to provide a safe and supportive environment where these women can rebuild their lives. Renewed Treasures Ministries aims to offer shelter and related services to help these women transition into a more stable and independent life. By providing transitional housing, the organization seeks to offer a space where women can focus on their recovery and rediscover their strength and resilience. The ultimate goal is to empower these women to overcome their past struggles and build a brighter future for themselves.
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Impact
October, 2024
Renewed Treasures Ministries has made a significant impact by providing essential transitional housing and support for women overcoming challenges such as addiction, homelessness, incarceration, and life-threatening situations. By offering a safe and stable environment in Springfield, MO, the ministry helps women rebuild their lives, fostering recovery and empowerment.
The organization not only addresses immediate shelter needs but also focuses on holistic support to aid in the reintegration process, equipping women with the tools necessary for long-term success. Through its dedicated services, Renewed Treasures Ministries plays a crucial role in breaking the cycle of adversity for many women, promoting healing and resilience in the community.
This information is meant to be a general summary of Renewed Treasures 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.
- Gross Receipts: $220,723
Assets and Liabilities:
- Total Assets: $200,287
- Total Liabilities: $151,783
- Net Assets: $48,504
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Organization Details
Founding Year
2014
Phone
(573) 944-1614Principal Officer
Ann Bradley
Main Address
PO BOX 2601, SPRINGFIELD, MO, 65801
NTEE Category
Code: P73 - Human services
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