Indianapolis Ministries 2 Inc

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

EIN: 475178185 ✦ Denver, CO ✦ Designated as a 501(c)(3)

Overview

What is Indianapolis Ministries 2 Inc?

Indianapolis Ministries 2 Inc, a subsidiary of Mercy Housing Wheaton NFP, is a nonprofit corporation established in Indiana in 2015. The primary purpose of this organization is to provide housing and related services for low-income elderly or disabled individuals. They operate a 140-unit apartment community in Indianapolis, known as Spruce Manor. The corporation receives support from the U.S. Department of Housing and Urban Development through Section 202 of the National Housing Act, enabling them to offer housing assistance and capital advances. The mission of Indianapolis Ministries 2 Inc is centered around improving the living conditions and overall well-being of their target demographic.


Is Indianapolis Ministries 2 Inc legitimate?

Indianapolis Ministries 2 Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Indianapolis Ministries 2 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.

Here are some key statistics you may want to consider:

Executive Compensation: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $181,419

For more financial information, click here


What is the mission statement of Indianapolis Ministries 2 Inc?
Who is the CEO of Indianapolis Ministries 2 Inc?
What is the revenue of Indianapolis Ministries 2 Inc?
Who are the executives of Indianapolis Ministries 2 Inc and what are their salaries?
Where can I find the form 990 for Indianapolis Ministries 2 Inc?

Mission Statement of Indianapolis Ministries 2 Inc

Indianapolis Ministries 2 Inc, a not-for-profit corporation, was established with a specific mission. This organization, which is a subsidiary of Mercy Housing Wheaton NFP, was created to acquire, own, and operate a 140-unit apartment community, known as Spruce Manor. Located in Indianapolis, Indiana, this property offers housing and related services to those who fall under the category of very low-income elderly or disabled individuals. The corporation receives financial assistance and capital advances from the U.S. Department of Housing and Urban Development, in accordance with Section 202 of the National Housing Act, aiming to provide a supportive living environment for its residents. In essence, the mission of Indianapolis Ministries 2 Inc is to provide affordable housing and necessary services to a vulnerable population, ensuring they can live with dignity and security.

Impact

This information is meant to be a general summary of Indianapolis Ministries 2 Inc. Please take the time to review official sources before making any decisions based upon the content provided here.




Saturday, July 20, 2024

Indianapolis Ministries 2 Inc's impact can be seen in the provision of affordable housing and related services for very low-income elderly or disabled individuals in Indianapolis. By owning and operating a 140-unit apartment community known as Spruce Manor, the organization helps address the housing needs of a vulnerable population. Additionally, Indianapolis Ministries 2 Inc receives housing assistance and capital advances from the U.S. Department of Housing and Urban Development, further supporting its mission to provide stable and secure housing for those in need.





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: $90
  • Program Service Revenue: $470,986
  • Gross Receipts: $1,188,980

    • Assets and Liabilities:
  • Total Assets: $2,490,508
  • Total Liabilities: $1,080,268
  • Net Assets: $1,410,240
  • Programs

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

    RENTAL INCOME

    Revenue

    $458,856

    ANCILLARY SERVICES

    Revenue

    $9,785

    OTHER REVENUE

    Revenue

    $2,345

    Organization Details

    Founding Year

    2015

    Principal Officer

    Melissa Clayton

    Main Address

    1600 BROADWAY SUITE 2000, DENVER, CO, 802025704

    NTEE Category

    Code: L21 - Housing

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