Overview
What is Paducah Ministries I Inc?
Paducah Ministries I Inc, a subsidiary of Mercy Housing Wheaton NFP, was established in 2015 in compliance with Kentucky's not-for-profit laws. The primary mission of this organization is to provide affordable housing and related services for low-income individuals, specifically the elderly and indigent, adhering to the guidelines set by the U.S. Department of Housing and Urban Development (HUD) under Section 202 of the National Housing Act. To fulfill this mission, Paducah Ministries I Inc operates a 76-unit community in Paducah, Kentucky, offering accommodations and supportive services tailored for low- and moderate-income residents.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 79%, Three-Star out of Four Star rating.
Paducah Ministries I Inc has earned a Three-Star rating from Charity Navigator, reflecting a solid performance in terms of accountability and finance, with an overall score of 79%. This score is based entirely on their Accountability & Finance metrics, indicating a strong commitment to responsible financial practices. The organization has no material diversion of assets and maintains robust oversight, with full points in areas such as financial statements and the presence of essential governance policies.
The nonprofit scored particularly high in the Program Expense Ratio at 96.33%, which suggests that a significant portion of its funding is directed toward program services rather than administrative costs. The organization also demonstrates effective management practices, with high scores in conflict of interest policies and whistleblower protections.
However, the rating is solely derived from financial accountability, and further evaluation of the nonprofit's overall impact on its community might be beneficial. While the financial health appears strong, potential donors may want to consider additional factors such as program outcomes and effectiveness in fulfilling its mission.
This AI summary has been generated from information found on Charity Navigator.
Is Paducah Ministries I Inc legitimate?
Paducah Ministries I Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Paducah Ministries I 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: $108,417
For more financial information, click here
What is the mission statement of Paducah Ministries I Inc?
Paducah Ministries I Inc's mission is centered around establishing, owning, and operating a 76-unit low-income housing community. Their primary goal is to provide affordable housing and related services to individuals with lower and moderate incomes. This non-profit organization operates under the guidelines set by the U.S. Department of Housing and Urban Development, specifically Section 202 of the National Housing Act. Their purpose is to cater to the needs of the aging and indigent population, striving to make housing accessible and affordable for these individuals.
Who is the CEO of Paducah Ministries I Inc?
Melissa Clayton is the President/Director of Paducah Ministries I Inc.
What is the revenue of Paducah Ministries I Inc?
Paducah Ministries I Inc's revenue in 2022 was $605,490.
Who are the executives of Paducah Ministries I Inc and what are their salaries?
Here are 6 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
Where can I find the form 990 for Paducah Ministries I Inc?
Paducah Ministries I Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Paducah Ministries I Inc
Paducah Ministries I Inc, a subsidiary of Mercy Housing Wheaton NFP, was established with a mission to provide low-income housing and related services to individuals with modest income levels. This nonprofit organization, in accordance with the not-for-profit statutes of Kentucky, aims to establish, own, and maintain a 76-unit community. The objective is to cater to the housing needs of the aging and indigent population, adhering to the guidelines set by the U.S. Department of Housing and Urban Development (HUD) under Section 202 of the National Housing Act. In essence, Paducah Ministries I Inc strives to create an inclusive living environment for individuals with limited financial resources, offering them the opportunity to reside in a secure and supportive community.
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Impact
July, 2024
Paducah Ministries I Inc's impact is significant in providing low-income housing and related services to low and moderate-income individuals in Paducah, Kentucky. By establishing, owning, and operating a 76-unit community, this organization plays a crucial role in addressing the housing needs of individuals in need within the community. Their work contributes to improving the quality of life and promoting economic stability for those who may otherwise struggle to afford adequate housing. Through their mission, Paducah Ministries I Inc is making a positive difference by providing affordable housing options and essential services to those facing financial challenges.
This information is meant to be a general summary of Paducah Ministries I 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: $64
- Program Service Revenue: $86,720
- Gross Receipts: $605,490
Assets and Liabilities:
- Total Assets: $3,425,672
- Total Liabilities: $888,267
- Net Assets: $2,537,405
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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
$81,620
ANCILLARY SERVICES
Revenue
$3,723
OTHER REVENUE
Revenue
$1,377
Organization Details
Founding Year
2015
Phone
(303) 830-3300Principal Officer
Melissa Clayton
Main Address
1600 BROADWAY SUITE 2000, DENVER, CO, 802025704
NTEE Category
Code: L20 - Housing
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