Overview
What is Kokomo Ministries Inc?
Kokomo Ministries Inc, established in September 2015, is a nonprofit corporation based in Denver, Colorado. Sponsored by Mercy Housing Wheaton, its primary objective is to acquire, own, and operate a 130-unit apartment community named Kokomo Manor, located in Kokomo, Indiana. The organization's purpose is to provide affordable housing and contribute to the community's wellbeing.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 79%, Three-Star out of Four Star rating. This rating reflects a solid performance in accountability and finance for Kokomo Ministries Inc, indicating a strong commitment to financial management and transparency. The score is based exclusively on the Accountability & Finance category, showcasing the organization's focus on responsible fiscal practices.
Kokomo Ministries has demonstrated excellent oversight with an Audit and Oversight Committee, achieving full points in this area. The organization has no material diversion of assets and upholds conflict of interest and whistleblower policies, both of which are critical for maintaining integrity within nonprofit operations. Additionally, the liability to assets ratio stands at a healthy 30.36%, signaling a stable financial structure.
One notable strength is the high program expense ratio of 97.31%, suggesting that a significant majority of its resources are directed towards its programs rather than administrative costs. This emphasis on programmatic funding reinforces the organization’s mission-driven focus. However, the overall rating is primarily based on financial measures, so further insights into service delivery and impact might be useful for a comprehensive assessment.
This AI summary has been generated from information found on Charity Navigator.
Is Kokomo Ministries Inc legitimate?
Kokomo Ministries Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Kokomo 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: $197,967
For more financial information, click here
What is the mission statement of Kokomo Ministries Inc?
Kokomo Ministries Inc, a nonprofit organization sponsored by Mercy Housing Wheaton, was established with the purpose of acquiring, owning, and managing a 130-unit apartment community. The corporation, formed under the not-for-profit statutes of Indiana on September 25, 2015, aims to operate this community, known as Kokomo Manor, to provide housing solutions. While the information does not provide a specific mission statement, it can be inferred that the organization's goal is to provide affordable and manageable housing for its residents.
Who is the CEO of Kokomo Ministries Inc?
Melissa Clayton is the President/Director of Kokomo Ministries Inc.
What is the revenue of Kokomo Ministries Inc?
Kokomo Ministries Inc's revenue in 2022 was $1,040,177.
Who are the executives of Kokomo 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 Kokomo Ministries Inc?
Kokomo Ministries Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Kokomo Ministries Inc
Kokomo Ministries Inc, a not-for-profit corporation, was established with the mission to acquire, own, and operate a 130-unit apartment community. This organization, sponsored by Mercy Housing Wheaton, was formed in accordance with the not-for-profit statutes of the state of Indiana on September 25, 2015. The primary focus of Kokomo Ministries Inc is to manage and operate this apartment community, known as Kokomo Manor, located in Kokomo, Indiana. The mission of Kokomo Ministries Inc is to provide affordable housing and a community environment, contributing to the overall well-being and stability of its residents.
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Impact
July, 2024
Kokomo Ministries Inc, sponsored by Mercy Housing Wheaton, operates Kokomo Manor, a 130-unit apartment community in Kokomo, Indiana. This organization provides affordable housing for individuals and families in need. By acquiring, owning, and managing this apartment complex, Kokomo Ministries Inc plays a vital role in addressing the housing challenges faced by the community. Through their efforts, they contribute to creating a stable and supportive living environment for residents, ultimately improving the quality of life for many individuals and families in Kokomo.
This information is meant to be a general summary of Kokomo 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: $56
- Program Service Revenue: $237,374
- Gross Receipts: $1,040,177
Assets and Liabilities:
- Total Assets: $5,232,220
- Total Liabilities: $1,588,645
- Net Assets: $3,643,575
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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
$212,137
OTHER REVENUE
Revenue
$18,221
ANCILLARY SERVICES
Revenue
$7,016
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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