INDIANAPOLIS MINISTRIES 1 INC

EIN: 475178092 501(c)(3) Housing & Shelter

DENVER, CO

Total Revenue
$742,870
Total Expenses
$1,109,848
Total Assets
$2,291,292
Net Assets
$352,594
🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Sign In — Free (10 views/day)

Financial Trends

Organization Details

Formation Year
2015
Legal Domicile
IN
Principal Officer
MARK ANGELINI
Phone
3038303300
Tax Period
2023-01-01 to 2023-12-31

INDIANAPOLIS MINISTRIES 1 INC, founded in 2015, is a small nonprofit in the Housing & Shelter sector that reported $743K in total revenue in fiscal year 2023. Expenses of $1.1M exceeded revenue, resulting in a 49% operating deficit.

Mission

INDIANAPOLIS MINISTRIES I, INC. (IM1I), IS A NOT-FOR-PROFIT CORPORATION FORMED ON SEPTEMBER 25, 2015, IN ACCORDANCE WITH THE NOT-FOR-PROFIT STATUTES OF THE STATE OF INDIANA. THE CORPORATION WAS FORMED FOR THE PURPOSE OF OPERATING A 74-UNIT COMMUNITY LOCATED IN INDIANAPOLIS, INDIANA, WHICH PROVIDES HOUSING AND RELATED SERVICES FOR VERY LOW INCOME ELDERLY OR DISABLED PERSONS. THE CORPORATION RECEIVES HOUSING ASSISTANCE AND CAPITAL ADVANCES FROM THE U.S. DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT PURSUANT TO SECTION 202 OF THE NATIONAL HOUSING ACT, AS AMENDED.

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Sign In — Free (10 views/day)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $517,602
Program Service Revenue $219,470
Investment Income $1,839
Other Revenue $3,959
TOTAL REVENUE $742,870

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $1,085,745
Other Expenses $1,109,848
TOTAL EXPENSES $1,109,848

Year-over-Year Comparison

2023 2022 Change
Revenue $742,870 $737,469 +0.0%
Expenses $1,109,848 $692,242 +0.6%
Net Income $-366,978 $45,227 -9.1%
Key Indicators
✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required
🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Sign In

Governance

Voting Members
3
Independent Members
N/A
Employees
N/A
Volunteers
N/A

Governance Policies

✓ Conflict of Interest Policy
✓ Whistleblower Policy
✓ Document Retention Policy

Special Practices & Reported Activities

✗ Operated a School
✗ Operated a Hospital
✗ Provided First Class Travel
✗ Reported Conflict of Interest
✗ Reported Asset Diversion
✗ Excess Benefit Transaction
✗ Made Political Expenditures
✗ Engaged in Lobbying
✗ Operated Donor Advised Fund
✗ Maintained Art Collections
✗ Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
8
$1,645,304
Total Directors
3
$704,745
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
JOE ROSENBLUM SECRETARY/DIRECTOR 1.00
Officer Director
$0 $10,201 $232,549
KASSIDI BOENING VICE PRESIDENT/DIRECTOR 1.00
Officer Director
$0 $28,633 $172,677
MELISSA CLAYTON VICE PRESIDENT/DIRECTOR 1.00
Officer Director
$0 $33,798 $299,519
BRUCE SAAB VICE PRESIDENT (UNTIL 10/23) 1.00
Officer
$0 $13,324 $98,303
CHAD PAYNE TREASURER 1.00
Officer
$0 $8,496 $200,685
FATMAH FARRAJ VICE PRESIDENT 1.00
Officer
$0 $12,560 $177,119
MARK ANGELINI PRESIDENT 1.00
Officer
$0 $11,727 $256,820
EDGAR FLAGG III VICE PRESIDENT 1.00
Officer
$0 $26,276 $207,632
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2024 No data No data No data No data
2023 $742,870 $1,109,848 $2,291,292 $-366,978
2022 $737,469 $692,242 $2,588,532 $45,227
2021 $685,466 $681,702 $2,667,935 $3,764
2020 $681,927 $638,460 $2,667,564 $43,467
2019 $662,404 $575,838 $2,697,798 $86,566
2018 $669,814 $596,665 $2,639,432 $73,149
Explore More Nonprofits
→Top 100 Nonprofits in Colorado →Largest U.S. Nonprofits →Best Rated Nonprofits →Most Efficient Nonprofits

Compare INDIANAPOLIS MINISTRIES 1 INC with other nonprofits in Colorado and across the country.

We Value Your Privacy
We use cookies and similar technologies to analyze site traffic and improve your experience. By clicking "Accept All", you consent to our use of cookies for analytics and measurement.