AI Summary
Moline Ministries 2 Inc is a nonprofit organization established in Illinois in 2015, focused on public housing through the operation of rental housing projects. The organization currently manages Sanders Apartments in Moline, Illinois, and is in the process of winding down its operations following the sale of the underlying property in December 2021. With an operating budget of $184.4K and total revenue of $1.1M for the 2022 filing year, Moline Ministries 2 does not rely on a single funder for 50% or more of its revenue.
Mission Statement
MOLINE MINISTRIES 2, INC. (THE "CORPORATION") 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 40 UNITS LOCATED IN MOLINE, ILLINOIS AND IS CURRENTLY OPERATING UNDER THE NAME SANDERS APARTMENTS (THE "PROPERTY"). THE UNDERLYING PROPERTY WAS SOLD IN DECEMBER OF 2021, AND THE ORGANIZATION IS IN THE PROCESS OF WINDING DOWN ITS OPERATIONS.
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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Frequently Asked Questions
What is MOLINE MINISTRIES 2 INC’s budget?
In 2022, MOLINE MINISTRIES 2 INC reported an annual operating budget of around $184 thousand. More detailed financial information is available to registered users.
What causes does MOLINE MINISTRIES 2 INC support?
MOLINE MINISTRIES 2 INC supports work in Public housing.
Where does MOLINE MINISTRIES 2 INC operate?
MOLINE MINISTRIES 2 INC is headquartered in DENVER, CO.
Who funded MOLINE MINISTRIES 2 INC recently?
In 2018, MOLINE MINISTRIES 2 INC received grants from MERCY HOUSING CALIFORNIA, MERCY HOUSING WHEATON NFP, and FRANCISCAN MINISTRIES INC. More information on this organization’s funders is available to registered users.
What is the largest grant MOLINE MINISTRIES 2 INC received in 2018?
The largest grant to MOLINE MINISTRIES 2 INC in 2018 exceeds $91 thousand.
What is MOLINE MINISTRIES 2 INC’s reliance on government grants?
MOLINE MINISTRIES 2 INC relied on government grants for less than 5% of their total revenue in 2022.