Overview
What is Indianapolis Ministries 2 Inc?
Indianapolis Ministries 2 Inc, a subsidiary of Mercy Housing Wheaton NFP, is a nonprofit corporation established in Indiana in 2015. The primary purpose of this organization is to provide housing and related services for low-income elderly or disabled individuals. They operate a 140-unit apartment community in Indianapolis, known as Spruce Manor. The corporation receives support from the U.S. Department of Housing and Urban Development through Section 202 of the National Housing Act, enabling them to offer housing assistance and capital advances. The mission of Indianapolis Ministries 2 Inc is centered around improving the living conditions and overall well-being of their target demographic.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 79% (Three-Star out of Four Stars)
Indianapolis Ministries 2 Inc has received a Three-Star rating from Charity Navigator, indicating a solid performance in accountability and finance with a score of 79%. This score reflects a strong commitment to financial transparency and responsible management practices. The organization has successfully demonstrated effective oversight through various policies, including those addressing conflicts of interest and whistleblower protections.
The nonprofit excels in several key areas, with commendable scores in material diversion of assets, financial statements oversight, and a low liabilities-to-assets ratio of 43.37%. Additionally, it boasts a high program expense ratio of 95.49%, suggesting that a significant portion of its resources is allocated directly to its programs rather than administrative costs. This focus on programmatic spending enhances the charity’s credibility in the eyes of donors and stakeholders.
While the organization shows strengths in its financial practices, the overall rating is solely based on the accountability and finance beacon, which may limit insights into other vital aspects, such as program impact and community engagement. Potential donors might want to consider additional information about the organization’s programs and outcomes when making their giving decisions.
This AI summary has been generated from information found on Charity Navigator.
Is Indianapolis Ministries 2 Inc legitimate?
Indianapolis Ministries 2 Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Indianapolis Ministries 2 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: $181,419
For more financial information, click here
What is the mission statement of Indianapolis Ministries 2 Inc?
Indianapolis Ministries 2 Inc, a subsidiary of Mercy Housing Wheaton NFP, was established with the primary goal of providing housing and related services for elderly or disabled individuals with very low income. The organization was formed under the not-for-profit statutes of the state of Indiana in 2015. Their mission involves acquiring, owning, and operating a 140-unit apartment community, known as Spruce Manor, located in Indianapolis. They receive housing assistance and capital advances from the U.S. Department of Housing and Urban Development under Section 202 of the National Housing Act. The mission of Indianapolis Ministries 2 Inc is to offer a supportive living environment for those in need, ensuring they have access to essential housing services.
Who is the CEO of Indianapolis Ministries 2 Inc?
Melissa Clayton is the President/Director of Indianapolis Ministries 2 Inc.
What is the revenue of Indianapolis Ministries 2 Inc?
Indianapolis Ministries 2 Inc's revenue in 2022 was $1,188,980.
Who are the executives of Indianapolis Ministries 2 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 2 Inc?
Indianapolis Ministries 2 Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Indianapolis Ministries 2 Inc
Indianapolis Ministries 2 Inc, a not-for-profit corporation, was established with a specific mission. This organization, which is a subsidiary of Mercy Housing Wheaton NFP, was created to acquire, own, and operate a 140-unit apartment community, known as Spruce Manor. Located in Indianapolis, Indiana, this property offers housing and related services to those who fall under the category of very low-income elderly or disabled individuals. The corporation receives financial assistance and capital advances from the U.S. Department of Housing and Urban Development, in accordance with Section 202 of the National Housing Act, aiming to provide a supportive living environment for its residents. In essence, the mission of Indianapolis Ministries 2 Inc is to provide affordable housing and necessary services to a vulnerable population, ensuring they can live with dignity and security.
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Impact
July, 2024
Indianapolis Ministries 2 Inc's impact can be seen in the provision of affordable housing and related services for very low-income elderly or disabled individuals in Indianapolis. By owning and operating a 140-unit apartment community known as Spruce Manor, the organization helps address the housing needs of a vulnerable population. Additionally, Indianapolis Ministries 2 Inc receives housing assistance and capital advances from the U.S. Department of Housing and Urban Development, further supporting its mission to provide stable and secure housing for those in need.
This information is meant to be a general summary of Indianapolis Ministries 2 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: $90
- Program Service Revenue: $470,986
- Gross Receipts: $1,188,980
Assets and Liabilities:
- Total Assets: $2,490,508
- Total Liabilities: $1,080,268
- Net Assets: $1,410,240
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RENTAL INCOME
Revenue
$458,856
ANCILLARY SERVICES
Revenue
$9,785
OTHER REVENUE
Revenue
$2,345
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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