MOLINE MINISTRIES 1 INC

EIN: 475216971 501(c)(3) Housing & Shelter

DENVER, CO

Total Revenue
$765,069
Total Expenses
$328,419
Total Assets
N/A
Net Assets
N/A
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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
IL
Principal Officer
MELISSA CLAYTON
Phone
3038303300
Tax Period
2022-01-01 to 2022-12-31

MOLINE MINISTRIES 1 INC, founded in 2015, is a small nonprofit in the Housing & Shelter sector that reported $765K in total revenue in fiscal year 2022. Revenue grew 11% year-over-year, indicating healthy expansion. The organization ran a surplus of $437K, a strong 57% operating margin.

Mission

MOLINE MINISTRIES 1, INC. WAS ORGANIZED ON SEPTEMBER 25, 2015, AS AN ILLINOIS NON-STOCK, NONPROFIT ORGANIZATION FOR THE PURPOSE OF ACQUIRING AND OPERATING A RENTAL HOUSING PROJECT UNDER SECTION 221(D)(4) PURSUANT TO SECTION 223(A)(7) OF THE NATIONAL HOUSING ACT. SUCH PROJECTS ARE REGULATED BY HUD AS TO RENT CHARGES AND OPERATING METHODS. THE PROJECT CONSISTS OF 78 UNITS LOCATED IN MOLINE, ILLINOIS AND IS CURRENTLY OPERATING UNDER THE NAME HIGHLAND MANOR.THE UNDERLYING PROPERTY WAS SOLD IN DECEMBER OF 2021, AND THE ORGANIZATION IS IN THE PROCESS OF WINDING DOWN ITS OPERATIONS.

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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 (2022)

Revenue Breakdown

Contributions & Grants $2,200
Program Service Revenue $17,567
Investment Income $745,302
Other Revenue $0
TOTAL REVENUE $765,069

Expense Breakdown

Grants Paid $0
Salaries & Benefits $54,452
Fundraising Expenses $0
Program Expenses $327,257
Other Expenses $273,967
TOTAL EXPENSES $328,419

Year-over-Year Comparison

2022 2021 Change
Revenue $765,069 $689,752 +0.1%
Expenses $328,419 $691,755 -0.5%
Net Income $436,650 $-2,003 -219.0%
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
5
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
$1,378,333
Total Directors
5
$985,719
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
BRUCE SAAB VICE PRESIDENT/DIRECTOR 1.00
Officer Director
$0 $16,925 $111,234
JOE ROSENBLUM SECRETARY/DIRECTOR 1.00
Officer Director
$0 $8,873 $224,322
KASSIDI BOENING VICE PRESIDENT/DIRECTOR 1.00
Officer Director
$0 $30,258 $165,078
MELISSA CLAYTON PRESIDENT/DIRECTOR 1.00
Officer Director
$0 $33,552 $261,561
RON JACKSON DIRECTOR 1.00
Director
$0 $31,505 $223,524
CHAD PAYNE TREASURER 1.00
Officer
$0 $4,240 $194,051
FATMAH FARRAJ VICE PRESIDENT 1.00
Officer
$0 $9,934 $172,177
MARK ANGELINI VICE PRESIDENT 1.00
Officer
$0 $10,391 $249,910
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
2022 $765,069 $328,419 No data $436,650
2021 $689,752 $691,755 $3,912,888 $-2,003
2020 $721,227 $716,112 $3,912,219 $5,115
2019 $719,975 $748,740 $4,053,547 $-28,765
2018 $698,659 $773,000 $4,170,558 $-74,341
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