Overview
What is Moline Ministries 1 Inc?
Moline Ministries 1 Inc, established in Illinois on September 25, 2015, is a nonprofit organization with a mission to acquire and manage a rental housing project. This project, known as Highland Manor, falls under Section 221(D)(4) of the National Housing Act, and is regulated by HUD for rent charges and operating methods. Highland Manor comprises 78 units situated in Moline, Illinois. The organization successfully operated this project until December 2021, when the underlying property was sold. Currently, Moline Ministries 1 Inc is in the process of winding down its operations.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 79%, Three-Star out of Four Star rating.
Moline Ministries 1 Inc has received a 79% score, indicating a solid performance in its accountability and finance practices. The rating is based solely on the Accountability & Finance beacon, showcasing the organization's commitment to financial transparency and responsible management. The fiscal year evaluated was FY2022, highlighting the organization's recent operational effectiveness.
The organization excels in several key areas, receiving full points for its audit and oversight committee, material diversion of assets, conflict of interest policy, whistleblower policy, and document retention practices. Additionally, Moline Ministries demonstrates strong financial health, with a liabilities-to-assets ratio of 0.00% and a program expense ratio of 97.28%, suggesting that most of its funds are directed towards its mission-based programs.
While the rating reflects strong accountability and financial practices, it is worth noting that the overall score is based solely on one area. There may be other factors, such as program effectiveness and community impact, that are not captured in this singular evaluation, which could provide a more comprehensive view of the organization's overall performance.
This AI summary has been generated from information found on Charity Navigator.
Is Moline Ministries 1 Inc legitimate?
Moline Ministries 1 Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Moline 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: $46,038
For more financial information, click here
What is the mission statement of Moline Ministries 1 Inc?
Moline Ministries 1 Inc was established on September 25, 2015, as a non-profit organization in Illinois with the primary goal of acquiring and managing a rental housing project. This project was facilitated under Section 221(D)(4) of the National Housing Act and was regulated by the U.S. Department of Housing and Urban Development (HUD) in regards to rent charges and operating methods. The project, consisting of 78 units, was operating under the name Highland Manor, located in Moline, Illinois. As of December 2021, the underlying property was sold, and Moline Ministries 1 Inc is currently in the process of winding down its operations.
In simpler terms, Moline Ministries 1 Inc was established to manage a rental housing project, complying with HUD regulations, with the aim of providing affordable housing options for residents. After selling the property in 2021, the organization is now in the process of wrapping up its operations.
Who is the CEO of Moline Ministries 1 Inc?
Melissa Clayton is the President/Director of Moline Ministries 1 Inc.
What is the revenue of Moline Ministries 1 Inc?
Moline Ministries 1 Inc's revenue in 2022 was $765,069.
Who are the executives of Moline 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 Moline Ministries 1 Inc?
Moline Ministries 1 Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Moline Ministries 1 Inc
Moline Ministries 1 Inc, established on September 25, 2015, was organized as an Illinois non-stock, nonprofit organization with a specific mission. This mission involved acquiring and operating a rental housing project under Section 221(D)(4) of the National Housing Act, pursuant to Section 223(A)(7). The purpose of such projects is to be regulated by HUD in terms of rent charges and operating methods. The project, consisting of 78 units, was located in Moline, Illinois, and was currently operating under the name Highland Manor.
Initially, the organization successfully managed the rental housing project, providing accommodations for its residents. However, in December of 2021, the underlying property was sold. As a result, Moline Ministries 1 Inc is currently in the process of winding down its operations. Throughout its tenure, the organization has adhered to the regulations set by HUD, ensuring fair rent charges and operating methods for its residents. Despite the sale and the winding down of its operations, Moline Ministries 1 Inc has left a significant impact in the rental housing sector, providing quality housing for its residents.
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Impact
July, 2024
Moline Ministries 1 Inc's impact can be seen in the provision of affordable housing to individuals and families in Moline, Illinois. Through its operation of the Highland Manor rental housing project, the organization was able to offer a total of 78 units to those in need of stable and affordable housing. This initiative provided crucial support to the community by ensuring that residents had access to safe and affordable living spaces.
Additionally, Moline Ministries 1 Inc's adherence to HUD regulations regarding rent charges and operating methods demonstrates a commitment to maintaining transparency and accountability in its operations. By operating within these guidelines, the organization was able to uphold ethical standards and ensure fair treatment of its tenants.
Although the underlying property has been sold and the organization is winding down its operations, the impact of Moline Ministries 1 Inc on the community remains significant. This initiative contributed to addressing the housing needs of vulnerable populations and provided a valuable service to the residents of Moline, Illinois.
This information is meant to be a general summary of Moline 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: $745,302
- Program Service Revenue: $17,567
- Gross Receipts: $4,269,767
Assets and Liabilities:
- Total Assets: $0
- Total Liabilities: $0
- Net Assets: $0
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
OTHER REVENUE
Revenue
$13,013
NET RENTAL REVENUE
Revenue
$4,481
ANCILLARY SERVICES
Revenue
$73
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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