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Moline Ministries 2 Inc

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

EIN: 475217175 ✦ Denver, CO ✦ Designated as a 501(c)(3)

Overview

What is Moline Ministries 2 Inc?

Moline Ministries 2 Inc, established in 2015 under Illinois' not-for-profit statutes, was founded with the mission to provide affordable and low-income housing for the aging 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. The organization operated a rental housing project, known as Sanders Apartments, composed of 40 units in Moline, Illinois, catering to low-income residents. As of December 2021, the underlying property was sold, and Moline Ministries 2 Inc is currently in the process of winding down its operations.


Is Moline Ministries 2 Inc legitimate?

Moline Ministries 2 Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Moline 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: $18,570

For more financial information, click here


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

Mission Statement of Moline Ministries 2 Inc

Moline Ministries 2 Inc, established in 2015, was founded with a mission to provide affordable and low-income housing for the aging 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. The organization aimed to establish, own, and maintain such housing programs, serving as a beacon of support for those in need. However, as of December 2021, the underlying property was sold, and Moline Ministries 2 Inc is currently in the process of winding down its operations. Despite this transition, the organization's original mission of providing affordable housing for vulnerable populations remains a significant part of its legacy.

Impact

This information is meant to be a general summary of Moline 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

Moline Ministries 2 Inc's impact primarily revolved around providing affordable low-income housing and related programs for the aging and indigent population in Moline, Illinois. Through its operation of the Sanders Apartments, the organization aimed to meet the housing needs of vulnerable communities, following the guidelines set forth by the U.S. Department of Housing and Urban Development.

However, it is important to note that the organization has recently sold its property and is in the process of winding down its operations. As a result, the direct impact of Moline Ministries 2 Inc's activities may have been limited in recent times.





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: $1,060,142
  • Program Service Revenue: $4,999
  • Gross Receipts: $2,207,171

    • Assets and Liabilities:
  • Total Assets: $0
  • Total Liabilities: $0
  • Net Assets: $0
  • Programs

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

    OTHER REVENUE

    Revenue

    $4,036

    NET RENTAL REVENUE

    Revenue

    $963

    Organization Details

    Founding Year

    2015

    Principal Officer

    Melissa Clayton

    Main Address

    1600 BROADWAY SUITE 2000, DENVER, CO, 802025704

    NTEE Category

    Code: L21 - Housing

    If you are a representative of Moline Ministries 2 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.