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?
The Amish Mutual Mortgage Fund serves as a church-controlled organization where Old Order Amish members invest funds. The primary purpose of this investment is to provide borrowing funds to other Old Order Amish church members, enabling them to maintain their Anabaptist religious beliefs, cultural traditions, and lifestyles. These funds are primarily used for residential real estate loans. The organization's mission is to support the preservation and continuation of the Old Order Amish community's unique lifestyle and values.
Who is the CEO of Amish Mutual Mortgage Fund?
Chris Kurtz is the Chairman of Amish Mutual Mortgage Fund.
What is the revenue of Amish Mutual Mortgage Fund?
Amish Mutual Mortgage Fund's revenue in 2022 was $2,543,950.
Who are the executives of Amish Mutual Mortgage Fund and what are their salaries?
- Lamar O Hochstetler (Treaurer)
- Everett Hochstetler (Secretary)
- Chris Kurtz (Chairman)
- Matthew L Hochstetler (Asst Treasurer)
- Delbert H Miller (Assistant Vice-Chairman)
- Lyle E Yoder (Assistant Secretary)
- Leon Schwartz (Director)
Where can I find the form 990 for Amish Mutual Mortgage Fund?
The Amish Mutual Mortgage Fund’s most recent form 990 was submitted in 2022 and can be accessed here
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.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Assets and Liabilities:
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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