Overview
What is Ekklesia Inc?
Ekklesia Inc is a nonprofit corporation established in Morehead City, North Carolina. Its primary objective is to manage and operate a 80-unit apartment community named Ekklesia Apartments, which caters to low-income families or individuals. The organization operates under Section 202 of the National Housing Act and has agreed to abide by the Federal Housing Administration's standard regulatory agreements. A Housing Assistance Payment Contract (HAP Contract) is in place, providing rental assistance to eligible families through the Section 8 program of the National Housing Act.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 71%, earning a Two-Star out of Four Star rating. Ekklesia Inc has received a mixed evaluation, with a notable strength in program expense ratio, indicating that a significant portion of their expenditures is directed towards their programs. The organization has also demonstrated strong governance practices, such as having a fully independent board and effective financial oversight, which are crucial for transparency and accountability.
However, the organization faces significant challenges with its financial health, as evidenced by a high liabilities to assets ratio of 127.27%. This suggests potential financial instability that could impact its operations. Additionally, the absence of key policies, including a conflict of interest policy and a whistleblower policy, raises concerns about the organization’s internal governance practices, which are vital for maintaining integrity and trust.
Overall, while Ekklesia Inc shows promise in its program expenditure and governance structure, its financial liabilities and lack of essential policies indicate areas that require improvement for greater sustainability and accountability.
This AI summary has been generated from information found on Charity Navigator.
Is Ekklesia Inc legitimate?
Ekklesia Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Ekklesia 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:
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What is the mission statement of Ekklesia Inc?
Ekklesia Inc, as a not-for-profit corporation, was established with the purpose of managing and operating an 80-unit apartment community named Ekklesia Apartments. This community is situated in Morehead City, NC, and its operation is governed by Section 202 of the National Housing Act, as amended. Ekklesia Inc has entered into a Standard FHA Regulatory Agreement with the Federal Housing Administration section of HUD. A Housing Assistance Payment Contract (HAP Contract) is in place, providing rental assistance for low-income families or individuals, as part of the Section 8 program under the National Housing Act. In essence, the mission of Ekklesia Inc is to provide affordable housing solutions for low-income families or individuals.
Who is the CEO of Ekklesia Inc?
John Pollock is the President of Ekklesia Inc.
What is the revenue of Ekklesia Inc?
Ekklesia Inc's revenue in 2023 was $712,615.
Who are the executives of Ekklesia Inc and what are their salaries?
Here are 16 key members and their salaries:
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Where can I find the form 990 for Ekklesia Inc?
Ekklesia Inc's most recent form 990 was submitted in 2023 and can be accessed here.
Mission Statement of Ekklesia Inc
Ekklesia Inc, a not-for-profit corporation, was established with a mission to own and manage a 80-unit apartment community, named Ekklesia Apartments, in Morehead City, NC. This organization was established under Section 202 of the National Housing Act, amended, and has entered into a standard regulatory agreement with the Federal Housing Administration (FHA) section of HUD. The primary objective of Ekklesia Inc is to provide rent assistance for low-income families or individuals, through a Housing Assistance Payment Contract (HAP Contract), which is part of the Section 8 program of the National Housing Act. The organization's mission is to ensure affordable housing for those in need, thereby contributing to a more inclusive and equitable community.
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Impact
July, 2024
Ekklesia Inc's impact can be seen through its ownership and operation of an 80-unit apartment community in Morehead City, NC known as Ekklesia Apartments. This initiative provides affordable housing options for low-income families or individuals through the Section 8 program of the National Housing Act. Ekklesia Inc's mission to offer housing assistance and support to those in need contributes positively to the community by addressing the issue of housing affordability and assisting vulnerable populations.
This information is meant to be a general summary of Ekklesia 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 2023.
- Investment Income: $197
- Program Service Revenue: $247,643
- Gross Receipts: $712,615
Assets and Liabilities:
- Total Assets: $1,094,499
- Total Liabilities: $1,393,063
- Net Assets: -$298,564
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RENTAL INCOME
Revenue
$247,643
Organization Details
Founding Year
1980
Phone
(336) 765-0424Principal Officer
John Pollock
Main Address
PO BOX 1345 405 BARBOUR RD, MOREHEAD CITY, NC, 28557
NTEE Category
Code: L200 - Housing
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