Housing Ministries Of American Baptists In Wisconsin Corporation
- Assets
- $1.1m
- Revenue
- $365.5k
- Investments
- $979.7k
- Employees
- 0
- Location
- Milwaukee, WI
- Founding
- 06/2010
- Data as of
- 12/2023
- EIN
- 26-4612214
Organization Overview
Housing Ministries Of American Baptists In Wisconsin Corporation is located in Milwaukee, WI. The organization was established in 2010. According to its NTEE Classification (L21) the organization is classified as: Low-Income & Subsidized Rental Housing, under the broad grouping of Housing & Shelter and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Housing Ministries Of American Baptists In Wisconsin Corporation is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2023, Housing Ministries Of American Baptists In Wisconsin Corporation generated $365.5k in total revenue. The organization has seen a slow decline revenue. Over the past 9 years, revenues have fallen by an average of (0.2%) each year. All expenses for the organization totaled $250.1k during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
LOW-INCOME HOUSING & SOCIAL SERVICE RELATED PUBLIC CHARITY
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDING SERVICES FOR THE BENEFIT OF RESIDENTS INCLUDING, BUT NOT LIMITED TO, JOB TRAINING, CHILD CARE, HEAD START, GED AND CLASSES FOR ENGLISH AS A SECOND LANGUAGE, POST-SECONDARY PREPARATION, ACADEMIC TESTING, AND SUPPORT SERVICES, INCLUDING A COMPUTER LAB, ACCESS TO INTERNET, EDUCATION, AND THE LIKE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Rev Archie L Ivy President | OfficerTrustee | 1 | $0 |
Rev John R Walton Vice President | OfficerTrustee | 1 | $0 |
Bill Hausler Treaurer | OfficerTrustee | 1 | $0 |
Rev Carmen Porco Secretary | OfficerTrustee | 1 | $0 |
Rev Marcus Allen Board Member | Trustee | 1 | $0 |
Dr Gloria Ladson-Billings Board Member | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $40,000 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $40,000 |
| Total Program Service Revenue | $281,000 |
| Investment income | $44,528 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $365,528 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $111,000 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $1,069 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $14,500 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $123,523 |
| Total functional expenses | $250,092 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $70,633 |
| Savings and temporary cash investments | $52,209 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $979,716 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,102,558 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $1,102,558 |
| Total liabilities and net assets/fund balances | $1,102,558 |
Grants Awarded
Over the last fiscal year, Housing Ministries Of American Baptists In Wisconsin Corporation has awarded $111,000 in support to 5 organizations.
| Grant Recipient | Amount |
|---|---|
MLK JR COALITION PURPOSE: SUPPORT DIVERSITY | $6,000 |
EXTENDED HANDS PANTRY PURPOSE: FOOD FOR THOSE IN NEED | $10,000 |
CENTER ON BUSINESS AND POVERTY PURPOSE: PROMOTE BUSINESS IN WISCONSIN | $20,000 |
UW FOUNDATION- MERCILE LEE SCHOLARSHIP FUND PURPOSE: FUND SCHOLARSHIP FUND | $25,000 |
HOWARD FULLER COLLEGIATE ACADEMY PURPOSE: PROVIDE SUPPORT FOR THE SCHOOL | $50,000 |