Overview
What is Kingspath Senior Ministries?
Kingspath Senior Ministries is a nonprofit organization situated in Milwaukee, Wisconsin. Their primary mission is to cater to the physical and spiritual needs of seniors, enabling them to live fulfilling and independent lives. They achieve this goal by developing and operating programs, services, and activities tailored to seniors. Additionally, they focus on creating housing specifically designed to address the unique requirements of seniors relating to healthcare, housing, and financial security. Kingspath Senior Ministries also offers distinctively Lutheran programs to meet the spiritual needs of seniors. Moreover, they provide resources, training, support, housing, and other services to help congregations of the Lutheran Church-Missouri Synod (LCMS) and the Wisconsin Evangelical Lutheran Synod (WELS) develop and strengthen Lutheran programs to support senior members and engage unchurched seniors.
Official website here: www.speroseniorliving.org/
What are the reviews and ratings of this charity?
Charity Navigator Rating: 69% (Two-Star out of Four Star rating)
Kingspath Senior Ministries has received a Two-Star rating from Charity Navigator, indicating some concerns regarding its accountability and financial practices. The overall score is based solely on a single beacon score focused on these factors, which raises questions about the organization's governance despite some strong points.
The organization has demonstrated strengths, particularly in its board composition and financial management. It has a fully independent board, with 100% of its members meeting independence criteria, and maintains a high percentage of program expenses, which indicates that a substantial portion of its funding is directed towards its mission. However, it lacks critical policies such as conflict of interest and whistleblower protections, which could undermine its accountability.
Additionally, Kingspath Senior Ministries faces challenges with its financial health, reflected in a liabilities-to-assets ratio exceeding 100%. This suggests potential financial instability that could affect its long-term sustainability. While the organization is transparent in certain aspects, the absence of key policies and the high liabilities indicate areas for improvement to enhance trust and operational integrity.
This AI summary has been generated from information found on Charity Navigator.
Is Kingspath Senior Ministries legitimate?
Kingspath Senior Ministries is a legitimate nonprofit organization registered as a 501(c)(3) entity. Kingspath Senior Ministries 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: $1,086,130
For more financial information, click here
Official website here: www.speroseniorliving.org/
What is the mission statement of Kingspath Senior Ministries?
Kingspath Senior Ministries is committed to providing resources, training, support, housing, and various services to congregations within the Lutheran Church-Missouri Synod (LCMS) and the Wisconsin Evangelical Lutheran Synod (WELS). The primary goal is to help these congregations develop or revitalize distinctively Lutheran programs that nurture and support senior members and reach out to unchurched seniors. The organization operates programs, services, and activities designed to cater to the physical and spiritual needs of seniors, enabling them to live fulfilling, independent lives. Additionally, Kingspath Senior Ministries develops housing specifically tailored to meet the unique needs of seniors for housing, healthcare, and financial security. Moreover, it offers distinctively Lutheran programs to address their spiritual needs.
Official website here: www.speroseniorliving.org/
Who is the CEO of Kingspath Senior Ministries?
Michael Klatt is the Principal Officer of Kingspath Senior Ministries.
Official website here: www.speroseniorliving.org/
What is the revenue of Kingspath Senior Ministries?
Kingspath Senior Ministries's revenue in 2022 was $3,152,445.
Official website here: www.speroseniorliving.org/
Who are the executives of Kingspath Senior Ministries and what are their salaries?
There 2 volunteers at Kingspath Senior Ministries.
Here are 6 key members and their salaries:
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Official website here: www.speroseniorliving.org/
Where can I find the form 990 for Kingspath Senior Ministries?
Kingspath Senior Ministries's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.speroseniorliving.org/
Learn more at the official website: www.speroseniorliving.org/
Mission Statement of Kingspath Senior Ministries
Kingspath Senior Ministries is dedicated to providing resources, training, support, housing, and various other services to congregations of the Lutheran Church-Missouri Synod (LCMS) and the Wisconsin Evangelical Lutheran Synod (WELS). The organization's mission is to assist and equip these congregations in developing and reinventing distinctively Lutheran programs aimed at nurturing and supporting senior members and reaching out to unchurched seniors. By offering programs, services, and activities tailored to the physical and spiritual needs of seniors, Kingspath Senior Ministries enables them to live fulfilling, enriched, and independent lives. Additionally, the organization develops housing specifically designed to cater to seniors' unique needs for housing, healthcare, and financial security, ensuring they can maintain their spiritual well-being through Lutheran programs.
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Impact
July, 2024
Kingspath Senior Ministries has a significant impact by providing resources, training, support, and housing services to equip and assist congregations of the Lutheran Church-Missouri Synod (LCMS) and the Wisconsin Evangelical Lutheran Synod (WELS). Their programs are designed to nurture and support senior members, as well as reach out to unchurched seniors in the community. By offering housing specifically tailored to the unique needs of seniors for housing, healthcare, and financial security, they enable seniors to live full, rich, and independent lives. Additionally, Kingspath Senior Ministries operates distinctively Lutheran programs to meet the spiritual needs of seniors, contributing to their overall well-being and quality of life.
This information is meant to be a general summary of Kingspath Senior Ministries. 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: $7,923
- Program Service Revenue: $2,650,782
- Gross Receipts: $3,152,445
Assets and Liabilities:
- Total Assets: $36,713,336
- Total Liabilities: $36,767,799
- Net Assets: -$54,463
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RENT REVENUE
Revenue
$2,641,891
MISCELLANEOUS RENTAL R
Revenue
$8,891
Organization Details
Founding Year
2016
Phone
(414) 727-6840Principal Officer
Michael Klatt
Main Address
504 W JUNEAU AVE 1000, MILWAUKEE, WI, 53203
Website
www.speroseniorliving.org/NTEE Category
Code: L22 - Housing
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