Overview
What is Mennonite Church Buildings Inc?
Mennonite Church Buildings Inc, headquartered in Goshen, Indiana, is a nonprofit organization dedicated to supporting the Mennonite Church. Their primary role involves providing real estate and real estate loans for church buildings and institutions within the Mennonite community. The organization owns various facilities across the United States, which are then rented out to affiliated organizations associated with Everence Association, including for-profit subsidiaries owned by Everence Association. The rent charged is sufficient to cover operational costs and generate a modest profit. With a team of just two employees, Mennonite Church Buildings Inc plays a significant role in the Mennonite community, ensuring the availability of suitable premises for religious activities and related endeavors.
Official website here: www.everence.com
Is Mennonite Church Buildings Inc legitimate?
Mennonite Church Buildings Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Mennonite Church Buildings 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: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $136,013
For more financial information, click here
Official website here: www.everence.com
What is the mission statement of Mennonite Church Buildings Inc?
Mennonite Church Buildings Inc's mission is centered around supporting the Mennonite Church. Specifically, they aim to provide real estate or real estate loans for church buildings and institutions within the Mennonite Church. This support is instrumental in facilitating the construction and maintenance of church facilities. The organization's operations currently involve owning facilities in various Mennonite communities across the United States. These facilities are then rented out to various organizations affiliated with Everence Association, including for-profit subsidiaries owned by Everence Association. The rent charged is set at a level that covers operational costs and generates a modest profit.
Official website here: www.everence.com
What is the revenue of Mennonite Church Buildings Inc?
Mennonite Church Buildings Inc's revenue in 2023 was $1,584,947.
Official website here: www.everence.com
Who are the executives of Mennonite Church Buildings Inc and what are their salaries?
The average compensation at Mennonite Church Buildings Inc during 2023 was $68,006. There are 2 employees and 12 volunteers at Mennonite Church Buildings Inc.
Here are 23 key members and their salaries:
- Compensation: $0
- Related: $104,558
- Other: $23,926
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- Other: $39,109
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- Related: $143,092
- Other: $39,162
- Compensation: $0
- Related: $221,008
- Other: $33,299
- Compensation: $0
- Related: $253,918
- Other: $42,715
- Compensation: $0
- Related: $133,315
- Other: $29,633
- Compensation: $0
- Related: $82,299
- Other: $33,263
- Compensation: $0
- Related: $359,203
- Other: $55,194
- Compensation: $0
- Related: $133,483
- Other: $24,122
- Compensation: $0
- Related: $246,953
- Other: $41,629
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- Other: $0
Official website here: www.everence.com
Where can I find the form 990 for Mennonite Church Buildings Inc?
Mennonite Church Buildings Inc's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.everence.com
Learn more at the official website: www.everence.com
Mission Statement of Mennonite Church Buildings Inc
Mennonite Church Buildings Inc, a nonprofit organization, is committed to supporting the Mennonite Church by providing real estate or real estate loans for church buildings and institutions within the Mennonite community. Their mission is centered around facilitating the acquisition of necessary facilities for various Mennonite Church-affiliated organizations, including for-profit subsidiaries owned by Everence Association. By offering these loans, Mennonite Church Buildings Inc contributes to the growth and expansion of the Mennonite Church, ensuring that its institutions have the necessary infrastructure to serve their communities. The organization's operations currently involve the ownership of facilities in Mennonite communities across the United States. These facilities are then rented out to the aforementioned organizations at a rate that covers costs and generates a modest profit.
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Impact
October, 2024
Mennonite Church Buildings Inc significantly impacts the Mennonite community by providing essential real estate and financing solutions for church buildings and institutions. By facilitating the ownership and management of facilities across the United States, they enable Mennonite congregations to have dedicated spaces for worship and community activities.
Their operations include renting properties to various organizations affiliated with the Mennonite faith, including for-profit subsidiaries. This rental model is designed not only to sustain the facilities but also to generate a modest profit that can be reinvested into further support for the church. As a result, Mennonite Church Buildings Inc plays a crucial role in ensuring that physical spaces are available for worship and community engagement, reinforcing the mission and values of the Mennonite Church. The organization therefore strengthens the infrastructure of the church, enhancing its ability to serve the community.
This information is meant to be a general summary of Mennonite Church Buildings 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 2023.
- Investment Income: $12,196
- Program Service Revenue: $1,602,468
- Gross Receipts: $1,651,889
Assets and Liabilities:
- Total Assets: $12,230,554
- Total Liabilities: $11,700,183
- Net Assets: $530,371
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RENTAL RECEIPTS
Revenue
$942,212
RENTAL RECEIPTS - FOR PROFIT AFFILIATES
Revenue
$660,256
Organization Details
Founding Year
1956
Principal Officer
Kenneth D Hochstetler
Website
www.everence.comNTEE Category
Code: X20 - Religion related
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