KOKOMO MINISTRIES INC

EIN: 475189624 501(c)(3) Housing & Shelter

DENVER, CO

Total Revenue
$-2,266,915
Total Expenses
$1,393,385
Total Assets
$138,600
Net Assets
$60,986
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Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year
2015
Legal Domicile
IN
Principal Officer
MARK ANGELINI
Phone
3038303300
Tax Period
2024-01-01 to 2024-12-31

KOKOMO MINISTRIES INC, founded in 2015, is a micro nonprofit in the Housing & Shelter sector that reported $2.3M in total revenue in fiscal year 2024. Revenue fell 314% from the prior year — a significant decline worth monitoring.

Mission

KOKOMO MINISTRIES, INC. (THE "CORPORATION") IS A NONSTOCK CORPORATION, SPONSORED BY MERCY HOUSING WHEATON. THE CORPORATION 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 ACQUIRING, OWNING, AND OPERATING A 130-UNIT APARTMENT COMMUNITY LOCATED IN KOKOMO, INDIANA KNOWN AS KOKOMO MANOR. ON OCTOBER 8, 2024, THE CORPORATION SOLD THE PROPERTY TO AN UNRELATED THIRD PARTY.

Program Service Accomplishments

Program 1
Expenses: $1,369,949 Revenue: $175,280

KOKOMO MINISTRIES, INC. (THE "CORPORATION") IS A NONSTOCK CORPORATION, SPONSORED BY MERCY HOUSING WHEATON. THE CORPORATION IS A NOT-FOR-PROFIT CORPORATION FORMED ON SEPTEMBER 25, 2015, IN ACCORDANCE...

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KOKOMO MINISTRIES, INC. (THE "CORPORATION") IS A NONSTOCK CORPORATION, SPONSORED BY MERCY HOUSING WHEATON. THE CORPORATION 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 ACQUIRING, OWNING, AND OPERATING A 130-UNIT APARTMENT COMMUNITY LOCATED IN KOKOMO, INDIANA KNOWN AS KOKOMO MANOR. ON OCTOBER 8, 2024, THE CORPORATION SOLD THE PROPERTY TO AN UNRELATED THIRD PARTY.

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Trantor Score

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

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

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $754,903
Program Service Revenue $165,654
Investment Income $-3,197,098
Other Revenue $9,626
TOTAL REVENUE $-2,266,915

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $1,369,949
Other Expenses $1,393,385
TOTAL EXPENSES $1,393,385

Year-over-Year Comparison

2024 2023 Change
Revenue $-2,266,915 $1,058,661 -3.1%
Expenses $1,393,385 $1,166,593 +0.2%
Net Income $-3,660,300 $-107,932 +32.9%
Key Indicators
✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required
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Financial Health Indicators

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

Financial Distress Indicator

Liquidity & Cash Position

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

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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
7
$1,622,408
Total Directors
3
$746,604
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
JOE ROSENBLUM SECRETARY/DIRECTOR 0.10
Officer Director
$0 $10,382 $242,964
KASSIDI BOENING VICE PRESIDENT/DIRECTOR 0.10
Officer Director
$0 $31,209 $195,151
MELISSA CLAYTON VICE PRESIDENT/DIRECTOR 0.10
Officer Director
$0 $35,478 $308,489
CHAD PAYNE TREASURER 0.10
Officer
$0 $9,965 $211,480
EDGAR FLAGG III VICE PRESIDENT 0.10
Officer
$0 $28,195 $216,513
FATMAH FARRAJ VICE PRESIDENT 0.10
Officer
$0 $12,126 $183,363
MARK ANGELINI PRESIDENT 0.10
Officer
$0 $12,045 $264,448
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 $-2,266,915 $1,393,385 $138,600 $-3,660,300
2023 $1,058,661 $1,166,593 $5,361,347 $-107,932
2022 $1,040,177 $1,208,251 $5,232,220 $-168,074
2021 $1,081,423 $1,097,982 $5,564,852 $-16,559
2020 $1,094,542 $990,032 $5,681,838 $104,510
2019 $1,062,694 $1,014,773 $5,718,774 $47,921
2018 $1,013,273 $1,064,084 $5,771,968 $-50,811
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