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Paducah Ministries I Inc

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

EIN: 475203278 ✦ Denver, CO ✦ Designated as a 501(c)(3)

Overview

What is Paducah Ministries I Inc?

Paducah Ministries I Inc, a subsidiary of Mercy Housing Wheaton NFP, was established in 2015 in compliance with Kentucky's not-for-profit laws. The primary mission of this organization is to provide affordable housing and related services for low-income individuals, specifically the elderly and indigent, adhering to the guidelines set by the U.S. Department of Housing and Urban Development (HUD) under Section 202 of the National Housing Act. To fulfill this mission, Paducah Ministries I Inc operates a 76-unit community in Paducah, Kentucky, offering accommodations and supportive services tailored for low- and moderate-income residents.


Is Paducah Ministries I Inc legitimate?

Paducah Ministries I Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Paducah Ministries I 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: $108,417

For more financial information, click here


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

Mission Statement of Paducah Ministries I Inc

Paducah Ministries I Inc, a subsidiary of Mercy Housing Wheaton NFP, was established with a mission to provide low-income housing and related services to individuals with modest income levels. This nonprofit organization, in accordance with the not-for-profit statutes of Kentucky, aims to establish, own, and maintain a 76-unit community. The objective is to cater to the housing needs of the aging and indigent population, adhering to the guidelines set by the U.S. Department of Housing and Urban Development (HUD) under Section 202 of the National Housing Act. In essence, Paducah Ministries I Inc strives to create an inclusive living environment for individuals with limited financial resources, offering them the opportunity to reside in a secure and supportive community.

Impact

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




Wednesday, July 24, 2024

Paducah Ministries I Inc's impact is significant in providing low-income housing and related services to low and moderate-income individuals in Paducah, Kentucky. By establishing, owning, and operating a 76-unit community, this organization plays a crucial role in addressing the housing needs of individuals in need within the community. Their work contributes to improving the quality of life and promoting economic stability for those who may otherwise struggle to afford adequate housing. Through their mission, Paducah Ministries I Inc is making a positive difference by providing affordable housing options and essential services to those facing financial challenges.





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: $64
  • Program Service Revenue: $86,720
  • Gross Receipts: $605,490

    • Assets and Liabilities:
  • Total Assets: $3,425,672
  • Total Liabilities: $888,267
  • Net Assets: $2,537,405
  • Programs

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

    NET RENTAL REVENUE

    Revenue

    $81,620

    ANCILLARY SERVICES

    Revenue

    $3,723

    OTHER REVENUE

    Revenue

    $1,377

    Organization Details

    Founding Year

    2015

    Principal Officer

    Melissa Clayton

    Main Address

    1600 BROADWAY SUITE 2000, DENVER, CO, 802025704

    NTEE Category

    Code: L20 - Housing

    If you are a representative of Paducah Ministries I Inc and wish to learn more about how Give Freely can help you raise funds, please click here: https://givefreely.com/nonprofits/. Our services are offered at no cost to your organization.