Overview
What is Alabama-West Florida United Methodist Development Fund Inc?
Alabama-West Florida United Methodist Development Fund Inc is a nonprofit organization situated in Dothan, Alabama. Their primary mission is to offer loans and CD (Certificate of Deposit) accounts to United Methodist churches within their service area. By providing these financial resources, they aim to support the operations and growth of these churches. The organization collects interest from CD accounts, incurs fees related to brokerage and banking, and charges recording fees on mortgages as part of their operations.
Official website here: www.alwfumf.org
Is Alabama-West Florida United Methodist Development Fund Inc legitimate?
Alabama-West Florida United Methodist Development Fund Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Alabama-West Florida United Methodist Development Fund 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
Official website here: www.alwfumf.org
What is the mission statement of Alabama-West Florida United Methodist Development Fund Inc?
Alabama-West Florida United Methodist Development Fund Inc's primary mission is to serve United Methodist churches within its designated region. This mission is fulfilled through the provision of both loan and Certificate of Deposit (CD) account services. The organization earns interest from the CD accounts, and manages various fees associated with mortgage transactions. By offering these financial services, Alabama-West Florida United Methodist Development Fund Inc aims to support the operational needs of United Methodist churches within its service area.
Official website here: www.alwfumf.org
Who is the CEO of Alabama-West Florida United Methodist Development Fund Inc?
Terri Turner is the Executive Director of Alabama-West Florida United Methodist Development Fund Inc.
Official website here: www.alwfumf.org
What is the revenue of Alabama-West Florida United Methodist Development Fund Inc?
Alabama-West Florida United Methodist Development Fund Inc's revenue in 2022 was $272,768.
Official website here: www.alwfumf.org
Who are the executives of Alabama-West Florida United Methodist Development Fund Inc and what are their salaries?
There 11 volunteers at Alabama-West Florida United Methodist Development Fund Inc.
Here are 11 key members and their salaries:
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Official website here: www.alwfumf.org
Where can I find the form 990 for Alabama-West Florida United Methodist Development Fund Inc?
Alabama-West Florida United Methodist Development Fund Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.alwfumf.org
Learn more at the official website: www.alwfumf.org
Mission Statement of Alabama-West Florida United Methodist Development Fund Inc
Alabama-West Florida United Methodist Development Fund Inc is dedicated to providing financial assistance to United Methodist churches within its service area. This nonprofit organization offers both loan and Certificate of Deposit (CD) accounts to these churches. The interest earned on CD accounts, as well as brokerage/banking fees and recording fees on mortgages, contribute to its operations. By providing these financial services, Alabama-West Florida United Methodist Development Fund Inc aims to support the growth and development of United Methodist churches in its community.
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Impact
October, 2024
Alabama-West Florida United Methodist Development Fund Inc plays a vital role in supporting United Methodist churches in its service area by providing essential financial services, including loans and certificate of deposit (CD) accounts. This funding enables churches to undertake various projects, enhance their facilities, and foster community engagement.
By facilitating access to loans, the organization empowers churches to grow and adapt to the needs of their congregations, whether through building renovations, expansion initiatives, or new programs. The interest earned on CD accounts not only benefits the churches financially but also helps them manage their resources effectively.
Moreover, the development fund's operations, including collecting brokerage and banking fees and recording fees on mortgages, ensure a streamlined financial process that allows churches to focus more on their mission and community service rather than administrative burdens. Overall, Alabama-West Florida United Methodist Development Fund Inc enhances the capacity and sustainability of local churches, enabling them to thrive and serve their communities more effectively.
This information is meant to be a general summary of Alabama-West Florida United Methodist Development Fund 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: $100,429
- Program Service Revenue: $172,339
- Gross Receipts: $272,768
Assets and Liabilities:
- Total Assets: $13,311,871
- Total Liabilities: $11,134,621
- Net Assets: $2,177,250
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
MORTGAGE & LOAN INTERE
Revenue
$172,339
Organization Details
Founding Year
1984
Phone
(334) 793-6820Principal Officer
Terri Turner
Main Address
PO BOX 8066, DOTHAN, AL, 36304
Website
www.alwfumf.orgNTEE Category
Code: X20 - Religion related
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