AI Summary
Kokomo Ministries Inc, established on September 25, 2015, is a nonprofit organization focused on public housing in Kokomo, Indiana. With an operating budget of $1.4 million, the organization was formed to acquire and manage a 130-unit apartment community known as Kokomo Manor, which was sold to an unrelated third party on October 8, 2024. The organization has a total revenue of -$2.3 million and relies significantly on funding, with its top funder contributing $38.8 million, indicating a high dependency on a single source for financial support.
Mission Statement
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.
Cause Areas
1
Public housing
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Charity Verification Snapshot
IRS EO Business Master File Status
Listed as tax-exempt
IRS Pub 78 Status
Eligible for tax-deductible gifts
IRS Revocation Status
Not in Automatic Revocation of Exemption List
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Funder
Total Funding
Funding Share
FRANCISCAN MINISTRIES INC
WHEATON, IL, US
$38.8M
20%
Frequently Asked Questions
What is KOKOMO MINISTRIES INC’s budget?
In 2024, KOKOMO MINISTRIES INC reported an annual operating budget of around $1.4 million. More detailed financial information is available to registered users.
What causes does KOKOMO MINISTRIES INC support?
KOKOMO MINISTRIES INC supports work in Public housing.
Where does KOKOMO MINISTRIES INC operate?
KOKOMO MINISTRIES INC is headquartered in Denver, CO.
Who funded KOKOMO MINISTRIES INC recently?
In 2017, KOKOMO MINISTRIES INC received grants from FRANCISCAN MINISTRIES INC and FRANCISCAN MINISTRIES INC. More information on this organization’s funders is available to registered users.
What is the largest grant KOKOMO MINISTRIES INC received in 2017?
The largest grant to KOKOMO MINISTRIES INC in 2017 exceeds $3.9 million.
What is KOKOMO MINISTRIES INC’s reliance on government grants?
KOKOMO MINISTRIES INC relied on government grants for less than 5% of their total revenue in 2024.