Overview
What is Jubilee Ministries Inc?
Jubilee Ministries Inc, located in Holland, Michigan, is a dedicated nonprofit organization with a mission to revitalize the city's core and provide affordable business development properties. They have successfully renovated 34 houses, turning them into homeowner-occupied residences. The organization's primary objective is to strengthen neighborhoods in the greater Holland area by developing attainable housing options, maintaining vital community assets, and collaborating with key community partners. With a workforce of 10 individuals, Jubilee Ministries Inc is committed to enhancing the livability and economic growth of its community.
Official website here: www.jubileeministriesinc.com
What are the reviews and ratings of this charity?
Charity Navigator Rating: 90% (Four-Star out of Four Star Rating)
Jubilee Ministries Inc has achieved a notable Four-Star rating from Charity Navigator, reflecting its strong performance in accountability and finance. The organization scored 90% overall, with its rating derived entirely from its accountability and finance beacon. This high score indicates a robust commitment to transparency and responsible financial management, fostering trust among donors and stakeholders.
The charity's strengths lie in its governance structure, featuring a fully independent board of directors and excellent practices, such as a documented conflict of interest policy and whistleblower policy. Furthermore, they maintain a healthy liabilities to assets ratio of 43.26% and an impressive program expense ratio of 81.83%, demonstrating that a significant portion of their resources is directed towards their mission-driven programs.
While the organization appears to excel in various areas, potential donors may wish to review specific program outcomes and impact assessments to fully understand the effectiveness and reach of their initiatives. Nonetheless, Jubilee Ministries Inc's strong rating highlights its dedication to ethical practices and effective use of funds.
This AI summary has been generated from information found on Charity Navigator.
Is Jubilee Ministries Inc legitimate?
Jubilee Ministries Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Jubilee 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: $84,048
Professional Fundraising Fees: $0
Other Salaries and Wages: $11,217
For more financial information, click here
Official website here: www.jubileeministriesinc.com
What is the mission statement of Jubilee Ministries Inc?
Jubilee Ministries Inc's mission is centered around improving neighborhoods. They achieve this by developing affordable housing options, managing vital community assets, and collaborating with key community partners. This mission is manifested through the stabilization and revitalization of city cores, as well as the conversion of properties into business development spaces. Notably, Jubilee Ministries has successfully renovated 34 houses, turning them into homeowner-occupied properties.
Official website here: www.jubileeministriesinc.com
Who is the CEO of Jubilee Ministries Inc?
Steve Grose is the President of Jubilee Ministries Inc.
Official website here: www.jubileeministriesinc.com
What is the revenue of Jubilee Ministries Inc?
Jubilee Ministries Inc's revenue in 2022 was $662,273.
Official website here: www.jubileeministriesinc.com
Who are the executives of Jubilee Ministries Inc and what are their salaries?
The average compensation at Jubilee Ministries Inc during 2022 was $9,526. There are 10 employees and 9 volunteers at Jubilee Ministries Inc.
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- Compensation: $81,600
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Official website here: www.jubileeministriesinc.com
Where can I find the form 990 for Jubilee Ministries Inc?
Jubilee Ministries Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.jubileeministriesinc.com
Learn more at the official website: www.jubileeministriesinc.com
Mission Statement of Jubilee Ministries Inc
Jubilee Ministries Inc is committed to enhancing neighborhoods in the broader Holland area. Their mission is twofold: firstly, they focus on creating affordable housing options for the community. Secondly, they take charge of preserving valuable community assets and collaborate with key local partners. By executing these tasks, Jubilee Ministries Inc strives to improve the overall well-being of the neighborhoods they serve.
To achieve this mission, Jubilee Ministries Inc has initiated several projects. One of their significant contributions is the revitalization of Holland's city center. They have also converted property into affordable business development spaces. Their efforts have resulted in the renovation of 34 houses, which are now homeowner-occupied. This demonstrates their dedication to developing attainable housing options and improving the quality of life in the neighborhoods they serve.
Jubilee Ministries Inc's approach to neighborhood strengthening is rooted in collaboration with other community partners. By working together, they are better able to address the unique needs of each neighborhood and ensure that their efforts are tailored to the specific needs of the community. This approach has proven successful in stabilizing and revitalizing neighborhoods, providing affordable housing options, and enhancing the overall quality of life for residents in the greater Holland area.
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Impact
July, 2024
Jubilee Ministries Inc's impact can be seen in the transformation and revitalization of neighborhoods in the greater Holland area. By focusing on the development of attainable housing options and the stewardship of vital community assets, they have played a key role in stabilizing and enhancing the city core. Through their efforts, 34 houses have been renovated and are now occupied by homeowners, contributing to the community's well-being and sustainability. Additionally, their collaboration with key community partners has led to the conversion of properties into affordable business development spaces, further supporting economic growth in the area. Jubilee Ministries' commitment to strengthening neighborhoods and fostering collaboration underscores their significant impact on the community.
This information is meant to be a general summary of Jubilee 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.
- Program Service Revenue: $296,953
- Gross Receipts: $1,647,211
Assets and Liabilities:
- Total Assets: $5,265,307
- Total Liabilities: $2,446,859
- Net Assets: $2,818,448
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
MIDTOWN RENTAL
Revenue
$266,471
MAPLE AVENUE
Revenue
$30,482
Organization Details
Founding Year
1999
Phone
(616) 392-8191Principal Officer
Steve Grose
Main Address
96 W 15TH STREET SUITE 206, HOLLAND, MI, 49423
Website
www.jubileeministriesinc.comNTEE Category
Code: P50 - Human services
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