Overview
What is Alexandria Ministries Inc?
Alexandria Ministries Inc, established on September 25, 2015, is a nonprofit organization based in Indiana, adhering to the not-for-profit statutes of the state. Its primary purpose is to own and manage a 49-unit apartment community named Village of Clare, situated in Alexandria, Indiana. This community provides housing and related services for low-income elderly or disabled individuals. Alexandria Ministries Inc receives both housing assistance and capital advances from the U.S. Department of Housing and Urban Development, under Section 202 of the National Housing Act. The organization's mission is to cater to the housing needs of this specific demographic, offering them a supportive living environment.
What are the reviews and ratings of this charity?
Charity Navigator Rating: Two-Star out of Four Star rating (Needs Improvement, 74%)
Alexandria Ministries Inc has received a Two-Star rating from Charity Navigator, indicating that there are areas needing improvement despite a solid overall score of 74%. One of the organization's strengths is its perfect Accountability & Finance score of 100%, showcasing a strong commitment to financial integrity and operational transparency. Additionally, they have demonstrated effective management of their assets with no material diversion reported.
However, a significant concern arises from the lack of independent board members, with 0% independent representation among the board, which may limit oversight and accountability. While the organization has established several important policies, such as conflict of interest and whistleblower policies, the absence of independent board members affects its governance structure. The program expense ratio is commendable at 96.28%, indicating a high percentage of funds directed toward programs, but the governance issues are a notable limitation.
This AI summary has been generated from information found on Charity Navigator.
Is Alexandria Ministries Inc legitimate?
Alexandria Ministries Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Alexandria 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: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $109,889
For more financial information, click here
What is the mission statement of Alexandria Ministries Inc?
Alexandria Ministries Inc., established in 2015, is a non-profit organization with a mission to provide housing and related services for low-income elderly or disabled individuals. This is achieved through the ownership of a 49-unit apartment community known as Village of Clare. The corporation receives support in the form of housing assistance and capital advances from the U.S. Department of Housing and Urban Development, under Section 202 of the National Housing Act. The organization's goal is to enhance the living conditions and improve the lives of these vulnerable individuals.
Who is the CEO of Alexandria Ministries Inc?
Melissa Clayton is the President/Director of Alexandria Ministries Inc.
What is the revenue of Alexandria Ministries Inc?
Alexandria Ministries Inc's revenue in 2022 was $455,979.
Who are the executives of Alexandria Ministries Inc and what are their salaries?
Here are 8 key members and their salaries:
- Compensation: $0
- Related: $94,309
- Other: $16,925
- Compensation: $0
- Related: $215,449
- Other: $8,873
- Compensation: $0
- Related: $134,820
- Other: $30,258
- Compensation: $0
- Related: $228,009
- Other: $33,552
- Compensation: $0
- Related: $192,019
- Other: $31,505
- Compensation: $0
- Related: $189,811
- Other: $4,240
- Compensation: $0
- Related: $162,243
- Other: $9,934
- Compensation: $0
- Related: $239,519
- Other: $10,391
Where can I find the form 990 for Alexandria Ministries Inc?
Alexandria Ministries Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Alexandria Ministries Inc
Alexandria Ministries Inc, a non-stock, non-profit corporation established in 2015, was formed with a mission to provide housing and related services for very low-income elderly or disabled individuals. The organization owns a 49-unit apartment community known as Village of Clare, located in Alexandria, Indiana. This community serves as a sanctuary for those in need, offering not just a place to live but also essential services. Alexandria Ministries Inc receives housing assistance and capital advances from the U.S. Department of Housing and Urban Development under Section 202 of the National Housing Act. This support enables the corporation to maintain its commitment to serving this vulnerable population effectively.
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Impact
July, 2024
Alexandria Ministries Inc's impact can be seen through its ownership of a 49-unit apartment community known as Village of Clare in Alexandria, Indiana. This property provides housing and related services for very low-income elderly or disabled persons. By receiving housing assistance and capital advances from the U.S. Department of Housing and Urban Development, Alexandria Ministries Inc plays a vital role in addressing the housing needs of vulnerable populations in the community. Their work helps ensure that those who are most in need have a safe and secure place to call home.
This information is meant to be a general summary of Alexandria 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: $246
- Program Service Revenue: $97,713
- Gross Receipts: $455,979
Assets and Liabilities:
- Total Assets: $2,145,598
- Total Liabilities: $83,017
- Net Assets: $2,062,581
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
NET RENTAL REVENUE
Revenue
$94,643
ANCILLARY SERVICES
Revenue
$2,350
OTHER REVENUE
Revenue
$720
Organization Details
Founding Year
2015
Phone
(303) 830-3300Principal Officer
Melissa Clayton
Main Address
1600 BROADWAY SUITE 2000, DENVER, CO, 802025704
NTEE Category
Code: L21 - Housing
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