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Amish Mutual Mortgage Fund

Learn about this cause: Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 351798265 ✦ Nappanee, IN ✦ Designated as a 501(c)(3)

Overview

What is Amish Mutual Mortgage Fund?

The Amish Mutual Mortgage Fund is a church-controlled organization based in Nappanee, Indiana. Old Order Amish members invest their funds into this nonprofit, which in turn, provides loans to other Old Order Amish members in need. The primary objective of this fund is to support the preservation of the Anabaptist religious beliefs, cultural traditions, and lifestyles within the Amish community, specifically for residential real estate loans. The fund serves as a means of collective support and investment within the Amish community.


Is Amish Mutual Mortgage Fund legitimate?

Amish Mutual Mortgage Fund is a legitimate nonprofit organization registered as a 501(c)(3) entity. Amish Mutual Mortgage Fund 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.

Here are some key statistics you may want to consider:

Executive Compensation: $51,291
Professional Fundraising Fees: $0
Other Salaries and Wages: $0

For more financial information, click here


What is the mission statement of Amish Mutual Mortgage Fund?
Who is the CEO of Amish Mutual Mortgage Fund?
What is the revenue of Amish Mutual Mortgage Fund?
Who are the executives of Amish Mutual Mortgage Fund and what are their salaries?
Where can I find the form 990 for Amish Mutual Mortgage Fund?

Mission Statement of Amish Mutual Mortgage Fund

Amish Mutual Mortgage Fund is a church-controlled organization that serves as a platform for Old Order Amish members to invest their funds. The primary purpose of this fund is to channel these investments to individuals within the Old Order Amish community who require borrowing funds. This financial assistance is intended to support the maintenance of the Anabaptist religious beliefs, cultural traditions, and lifestyles. By providing residential real estate loans, the Amish Mutual Mortgage Fund helps preserve the unique culture and way of life of its members.

Impact

This information is meant to be a general summary of Amish Mutual Mortgage Fund. Please take the time to review official sources before making any decisions based upon the content provided here.




Thursday, August 15, 2024

The Amish Mutual Mortgage Fund has a significant impact on the Old Order Amish community by providing a unique financial service that aligns with their religious beliefs, cultural traditions, and lifestyle. This organization allows members to invest funds that are then used to support fellow community members in need of borrowing money for residential real estate loans. By facilitating these transactions within their close-knit community, the Amish Mutual Mortgage Fund helps uphold the Anabaptist religious beliefs and cultural values of the Old Order Amish while also promoting financial stability and sustainability among its members.





Financials

This financial information is from Propublica.

Revenue
Expenses
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Investment Income: $187,197
  • Program Service Revenue: $2,356,743
  • Gross Receipts: $2,543,950

    • Assets and Liabilities:
  • Total Assets: $91,576,741
  • Total Liabilities: $91,314,702
  • Net Assets: $262,039
  • Programs

    Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.

    CONTRACT LOAN INTEREST

    Revenue

    $2,356,743

    Organization Details

    Founding Year

    2013

    Principal Officer

    Chris Kurtz

    Main Address

    8216 W 1350 N, NAPPANEE, IN, 46550

    NTEE Category

    Code: X12 - Religion related

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