Overview
What is Weaverland Financial Aid Of Wisconsin Inc?
Weaverland Financial Aid of Wisconsin Inc is a nonprofit organization situated in Loyal, Wisconsin, specifically at 408 N Thomas St. Their primary objective is to facilitate financial aid within the Weaverland Conference Mennonite Church community in Wisconsin. This is achieved by offering loans to young individuals belonging to the Mennonite faith, enabling them to acquire homes, farms, or conduct business-related financing. By providing such financial assistance, Weaverland Financial Aid aims to help these individuals establish themselves within their community. This initiative fosters financial sharing among the Mennonite community in Wisconsin, thereby promoting community development and growth.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 71%, Two-Star out of Four Star rating.
Weaverland Financial Aid Of Wisconsin Inc has received a 71% rating from Charity Navigator, which translates to a Two-Star rating. This score reflects the organization's focus primarily on its accountability and financial management metrics. Notably, the charity boasts a fully independent board and a robust audit and oversight committee, indicating strong governance practices.
The organization excels in several areas, including a high program expense ratio of 95.12%, demonstrating a commitment to directing funds towards its mission. Additionally, it has a solid conflict of interest policy and maintains thorough documentation of board meeting minutes. These strengths contribute positively to its overall rating.
However, one significant concern is the liabilities to assets ratio, which stands at 100.01%, resulting in no points awarded in this category. This suggests potential financial strain or risk, indicating that while the charity operates with strong governance, it may face challenges in its financial stability.
This AI summary has been generated from information found on Charity Navigator.
Is Weaverland Financial Aid Of Wisconsin Inc legitimate?
Weaverland Financial Aid Of Wisconsin Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Weaverland Financial Aid Of Wisconsin 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 Weaverland Financial Aid Of Wisconsin Inc?
Weaverland Financial Aid of Wisconsin Inc's mission is to facilitate financial assistance within the Weaverland Mennonite Church community in Wisconsin. The organization's mission statement is centered around enabling financial sharing, aiming to help young individuals within this community acquire homes, farms, or businesses through loans. By doing so, Weaverland Financial Aid of Wisconsin Inc aims to support these individuals in establishing themselves within the Weaverland Conference Mennonite community.
Who is the CEO of Weaverland Financial Aid Of Wisconsin Inc?
Alvin Martin is the Chairman of Weaverland Financial Aid Of Wisconsin Inc.
What is the revenue of Weaverland Financial Aid Of Wisconsin Inc?
Weaverland Financial Aid Of Wisconsin Inc's revenue in 2023 was $985,862.
Who are the executives of Weaverland Financial Aid Of Wisconsin Inc and what are their salaries?
There 6 volunteers at Weaverland Financial Aid Of Wisconsin Inc.
Here are 5 key members and their salaries:
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Where can I find the form 990 for Weaverland Financial Aid Of Wisconsin Inc?
Weaverland Financial Aid Of Wisconsin Inc's most recent form 990 was submitted in 2023 and can be accessed here.
Mission Statement of Weaverland Financial Aid Of Wisconsin Inc
Weaverland Financial Aid of Wisconsin Inc, as a nonprofit organization within the Weaverland Mennonite Church in Wisconsin, carries out a mission to facilitate financial assistance. This mission is centered around enabling financial sharing within the community, allowing young individuals to secure housing, agricultural, business-related financing, and establish themselves within the Weaverland Conference Mennonite community. The organization extends loans to these young Mennonite persons, thereby providing them with the necessary means to become established members of their community.
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Impact
July, 2024
Weaverland Financial Aid Of Wisconsin Inc's impact lies in enabling financial sharing within the Weaverland Conference Mennonite Church in Wisconsin. The organization's program extends loans to young Mennonite individuals, allowing them to acquire homes, farms, agricultural, or other business-related financing needs. This support helps these individuals become established within the Weaverland Conference Mennonite community, fostering their growth and stability.
This information is meant to be a general summary of Weaverland Financial Aid Of Wisconsin 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.
- Program Service Revenue: $985,862
- Gross Receipts: $985,862
Assets and Liabilities:
- Total Assets: $19,081,637
- Total Liabilities: $19,084,345
- Net Assets: -$2,708
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
PROGRAM SERVICE REVENUE
Revenue
$985,862
Organization Details
Founding Year
2016
Phone
(715) 937-5106Principal Officer
Alvin Martin
Main Address
408 N THOMAS ST, LOYAL, WI, 54446
NTEE Category
Code: X12 - Religion related
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