Overview
What is Moline Ministries 2 Inc?
Moline Ministries 2 Inc, established in 2015 under Illinois' not-for-profit statutes, was founded with the mission to provide affordable and low-income housing for the aging 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. The organization operated a rental housing project, known as Sanders Apartments, composed of 40 units in Moline, Illinois, catering to low-income residents. As of December 2021, the underlying property was sold, and Moline Ministries 2 Inc is currently 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 2 Inc has received a solid Three-Star rating from Charity Navigator, indicating a good level of accountability and financial health. The rating is based entirely on the Accountability & Finance beacon, which scored 79%. This score reflects the charity's commitment to transparency and effective management of resources, suggesting that it utilizes its funds responsibly to achieve its mission.
The organization performed exceptionally well in various metrics, notably achieving a program expense ratio of 96.55%, indicating that the vast majority of its expenditures are directly related to its programs rather than administrative costs. Additionally, Moline Ministries has demonstrated robust governance practices, with perfect scores in key areas such as audit oversight, conflict of interest policy, and whistleblower protections, which collectively enhance the integrity of its operations.
While the overall score is impressive, the reliance solely on the Accountability & Finance benchmark may limit a comprehensive view of the charity's impact. Potential donors or volunteers may wish to seek further information about program outcomes and community impact to better understand how Moline Ministries 2 Inc fulfills its mission beyond financial metrics.
This AI summary has been generated from information found on Charity Navigator.
Is Moline Ministries 2 Inc legitimate?
Moline Ministries 2 Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Moline 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: $18,570
For more financial information, click here
What is the mission statement of Moline Ministries 2 Inc?
Moline Ministries 2 Inc., established in 2015, was formed under Illinois's not-for-profit statutes with the primary objective of providing and maintaining affordable, low-income housing for the elderly and indigent. The organization adhered to the guidelines set by the U.S. Department of Housing and Urban Development (HUD) under Section 202 of the National Housing Act. The organization's mission was to offer housing programs for those in need. Unfortunately, the underlying property was sold in December 2021, and Moline Ministries 2 Inc. is currently in the process of winding down its operations.
What is the revenue of Moline Ministries 2 Inc?
Moline Ministries 2 Inc's revenue in 2022 was $1,067,311.
Who are the executives of Moline 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 Moline Ministries 2 Inc?
Moline Ministries 2 Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Moline Ministries 2 Inc
Moline Ministries 2 Inc, established in 2015, was founded with a mission to provide affordable and low-income housing for the aging 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. The organization aimed to establish, own, and maintain such housing programs, serving as a beacon of support for those in need. However, as of December 2021, the underlying property was sold, and Moline Ministries 2 Inc is currently in the process of winding down its operations. Despite this transition, the organization's original mission of providing affordable housing for vulnerable populations remains a significant part of its legacy.
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Impact
July, 2024
Moline Ministries 2 Inc's impact primarily revolved around providing affordable low-income housing and related programs for the aging and indigent population in Moline, Illinois. Through its operation of the Sanders Apartments, the organization aimed to meet the housing needs of vulnerable communities, following the guidelines set forth by the U.S. Department of Housing and Urban Development.
However, it is important to note that the organization has recently sold its property and is in the process of winding down its operations. As a result, the direct impact of Moline Ministries 2 Inc's activities may have been limited in recent times.
This information is meant to be a general summary of Moline 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: $2
- Program Service Revenue: $4,999
- Gross Receipts: $2,207,171
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
$4,036
NET RENTAL REVENUE
Revenue
$963
Organization Details
Founding Year
2015
Principal Officer
Melissa Clayton
NTEE Category
Code: L21 - Housing
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