Overview
What is Davenport Ministries Inc?
Davenport Ministries Inc, established in 2015, is a nonprofit organization based in Denver, Colorado, adhering to the not-for-profit statutes of Iowa. The primary mission of Davenport Ministries is to create and manage affordable housing options for the elderly and indigent, following the guidelines set by the U.S. Department of Housing and Urban Development (HUD) under Section 202 of the National Housing Act. The organization has been instrumental in providing housing programs for this demographic. As of 2021, the underlying property was sold, and Davenport Ministries is currently in the process of winding down its operations.
What are the reviews and ratings of this charity?
Charity Navigator Rating: Two-Star out of Four Stars (Needs Improvement, 74%)
Davenport Ministries Inc has received a two-star rating from Charity Navigator, indicating that the organization needs improvement in certain key areas despite an overall score of 74%. The nonprofit excels in accountability and finance, achieving a perfect score in this category, which reflects strong management practices and financial health. The organization has reported no material diversion of assets, and its program expense ratio is notably high at 95.99%, suggesting a strong commitment to its mission.
However, the organization struggles with board independence, as it lacks independent board members, receiving 0 out of 10 points in this area. Additionally, the nonprofit's website is missing from its tax form, which has contributed to a low score in transparency. While Davenport Ministries has implemented several important policies, such as conflict of interest and whistleblower policies, the absence of independent oversight raises concerns about governance practices.
Overall, while Davenport Ministries Inc demonstrates solid financial management and a strong dedication to its programs, it faces significant challenges regarding board independence and transparency. Addressing these issues could enhance the organization's credibility and effectiveness in serving its community.
This AI summary has been generated from information found on Charity Navigator.
Is Davenport Ministries Inc legitimate?
Davenport Ministries Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Davenport 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: $0
For more financial information, click here
What is the mission statement of Davenport Ministries Inc?
Davenport Ministries Inc., established in 2015, was formed as a non-profit corporation with the primary objective of providing affordable low-income housing and related programs for the elderly and indigent. The organization operated under the guidelines of the U.S. Department of Housing and Urban Development (HUD) in accordance with Section 202 of the National Housing Act. Unfortunately, the underlying property was sold in 2021, and Davenport Ministries Inc. is currently in the process of winding down its operations. Despite this, the organization's mission was to contribute to the well-being of those in need by providing them with suitable housing solutions.
Who is the CEO of Davenport Ministries Inc?
Melissa Clayton is the President/Director of Davenport Ministries Inc.
What is the revenue of Davenport Ministries Inc?
Davenport Ministries Inc's revenue in 2022 was -$250,740.
Who are the executives of Davenport Ministries 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 Davenport Ministries Inc?
Davenport Ministries Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Davenport Ministries Inc
Davenport Ministries Inc, established in 2015, was formed as a non-stock, non-profit corporation with the mission of providing affordable low-income housing and related programs for the aging and indigent. This mission was carried out under the guidelines of the U.S. Department of Housing and Urban Development (HUD) according to Section 202 of the National Housing Act. The organization's primary goal was to create a living space that catered to the needs of those in financial distress, offering them a secure and suitable home. However, in 2021, the underlying property was sold, marking a significant transition for Davenport Ministries Inc. Currently, the organization is in the process of winding down its operations.
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Impact
October, 2024
Davenport Ministries Inc. has made a significant impact by focusing on the establishment, ownership, and maintenance of affordable low-income housing and related housing programs specifically designed for the aging and indigent populations. By adhering to the guidelines of the U.S. Department of Housing and Urban Development (HUD), the organization has contributed to addressing critical housing needs and enhancing the quality of life for vulnerable individuals.
Through its initiatives, Davenport Ministries has provided safe and affordable housing options, fostering a sense of community and security for those it serves. The commitment to supporting low-income individuals, particularly the elderly and indigent, underscores the organization's role in advocating for equitable housing opportunities.
As the organization shifts towards winding down its operations following the sale of its underlying property in 2021, the legacy of its work continues to resonate within the community, highlighting the ongoing need for affordable housing solutions and the importance of supporting those in need. This impact can serve as a foundation for future efforts in similar areas to ensure that housing remains accessible for all.
This information is meant to be a general summary of Davenport 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: -$251,493
- Gross Receipts: $753
Assets and Liabilities:
- Total Assets: $0
- Total Liabilities: $0
- Net Assets: $0
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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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