Overview
What is Indianapolis Ministries 1 Inc?
Indianapolis Ministries 1 Inc., established on September 25, 2015, is a nonprofit organization based in Indiana. The primary purpose of this corporation, in accordance with the state's not-for-profit statutes, is to operate a 74-unit community in Indianapolis, catering to the housing needs of elderly or disabled individuals with very low incomes. The organization receives funding and support from the U.S. Department of Housing and Urban Development, under Section 202 of the National Housing Act, to accomplish its mission. This community provides essential housing and related services, aiming to enhance the quality of life for its inhabitants.
What are the reviews and ratings of this charity?
Charity Navigator Rating: Needs Improvement (Two-Star out of Four Star rating, Overall score: 64%)
Indianapolis Ministries 1 Inc has received a two-star rating, indicating that there are significant areas where improvements are necessary. The overall score of 64% reflects concerns regarding the organization’s governance and accountability practices, particularly noted by the lack of independent board members, which scored 0% out of potential points. While the financial oversight is well-rated, the absence of an independent board raises questions about the organization's commitment to transparency.
The organization demonstrates strong fiscal responsibility with a high program expense ratio of 97.08%, suggesting that the majority of its funds are directed towards its programs rather than administrative costs. Additionally, it has effectively implemented key policies such as a conflict of interest policy and a whistleblower policy, which were rated positively. However, the failure to publish required financial statements and tax forms on their website is a notable deficiency that affects their accountability score.
Despite some strengths in financial management and policy framework, the significant limitations in board independence and transparency practices indicate that Indianapolis Ministries 1 Inc needs to enhance its governance structure and public disclosures to build greater trust with donors and the community.
This AI summary has been generated from information found on Charity Navigator.
Is Indianapolis Ministries 1 Inc legitimate?
Indianapolis Ministries 1 Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Indianapolis Ministries 1 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: $111,231
For more financial information, click here
What is the mission statement of Indianapolis Ministries 1 Inc?
Indianapolis Ministries 1 Inc, established in 2015, is a non-profit organization with a mission to provide housing and related services for elderly or disabled individuals with very low income. The corporation operates a 74-unit community, receiving funding and support from the U.S. Department of Housing and Urban Development under Section 202 of the National Housing Act. The primary goal of Indianapolis Ministries 1 Inc is to enhance the living conditions and provide essential support for this vulnerable population, promoting their well-being and independence.
Who is the CEO of Indianapolis Ministries 1 Inc?
Melissa Clayton is the President/Director of Indianapolis Ministries 1 Inc.
What is the revenue of Indianapolis Ministries 1 Inc?
Indianapolis Ministries 1 Inc's revenue in 2022 was $737,469.
Who are the executives of Indianapolis Ministries 1 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 Indianapolis Ministries 1 Inc?
Indianapolis Ministries 1 Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Indianapolis Ministries 1 Inc
Indianapolis Ministries 1 Inc, established in 2015, is a not-for-profit organization with a mission to provide housing and related services to the elderly or disabled individuals with very low income. This corporation operates a 74-unit community, funded through housing assistance and capital advances from the U.S. Department of Housing and Urban Development, under Section 202 of the National Housing Act. The primary goal of Indianapolis Ministries 1 Inc is to offer a supportive living environment for these vulnerable individuals, ensuring they have access to essential services and resources to enhance their quality of life.
Shop smarter and support your favorite cause with the Give Freely browser extension. Save money with coupons and donate to charity with a single click. Download now!
Impact
July, 2024
Indianapolis Ministries 1 Inc's impact is significant in providing housing and related services for very low-income elderly or disabled persons in Indianapolis, Indiana. The organization operates a 74-unit community that receives housing assistance and capital advances from the U.S. Department of Housing and Urban Development. Through their work, they are able to provide much-needed support and accommodations for individuals who may otherwise struggle to find affordable housing options.
This information is meant to be a general summary of Indianapolis Ministries 1 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: $145
- Program Service Revenue: $240,339
- Gross Receipts: $737,469
Assets and Liabilities:
- Total Assets: $2,588,532
- Total Liabilities: $1,868,960
- Net Assets: $719,572
Want to help this charity, for free? You can click here to learn more about Give Freely
Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RENTAL INCOME
Revenue
$233,002
ANCILLARY SERVICES
Revenue
$6,761
OTHER REVENUE
Revenue
$576
Organization Details
Founding Year
2015
Phone
(303) 830-3300Principal Officer
Melissa Clayton
Main Address
1600 BROADWAY SUITE 2000, DENVER, CO, 802025704
NTEE Category
Code: L80 - Housing
If you are a representative of Indianapolis Ministries 1 Inc and wish to learn more about how Give Freely can help you raise funds, please click here: https://givefreely.com/nonprofits/. Our services are offered at no cost to your organization.