Mission Of Love Charities Incorporated
- Assets
- $3.7m
- Revenue
- $825.9k
- Investments
- $0.0
- Employees
- 0
- Location
- Capitol Heights, MD
- Founding
- 08/1992
- Data as of
- 06/2023
- EIN
- 52-1748577
Organization Overview
Mission Of Love Charities Incorporated is located in Capitol Heights, MD. The organization was established in 1992. According to its NTEE Classification (X20) the organization is classified as: Christianity, under the broad grouping of Religion-Related and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Mission Of Love Charities Incorporated 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 06/2023, Mission Of Love Charities Incorporated generated $825.9k in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 0.8% each year. All expenses for the organization totaled $1.6m during the year ending 06/2023. 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
EMERGENCY SERVICE PROVIDER FOR LOW-INCOME AND DISADVANTAGED INDIVIDUALS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
BASIC NEEDS AND CRISIS ASSISTANCE-OUR ORGANIZATION HELPS INDIVIDUALS AND FAMILIES STRETCH THEIR LIMITED INCOMES BY PROVIDING DONATED FURNITURE, CLOTHING AND HOUSEHOL AMENITIES. DURING INTAKE, MOLC ASSESSES LIENT NEEDS AND MAKES NECESSARY REFERRALS TO RESOURCES IN THE COMMUNITY. OUR ORGANIZATION ALSO PARTNERS WITH DIFFERENT ORGANIZATIONS IN ORDER TO PROVIDE HOT MEALS AND BASIC ITEMS TO HOMELESS INDIVIDUALS LIVING ON THE STREET FOOD PANTRY-TH FOOD PANTRY IS OPEN SIX DAYS A WEEK AND PROVIDES FREE FOOD FOR HOMELESS AND LOW INCOME INDIVIDUALS BELOW 150% OF THE FEDERAL POVERTY GUIDELINE. FOOD SUPPLEMENT OUTREACH (SNAP) - MOLC OFFERS UTILITY, RENTAL AND SECURITY DEPOSITS ASSISTANCE TO HOMELESS AND LOW INCOME INDIVIDUALS AND FAMILIES, UNDER THIS PROGRAM MOLC OFFERS CRISIS ASSISTANCE TO PREVENT EVICTION AND HOMELESSNESS. EACH CASE IS REVIEWED AND HELP IS ASSESSED BASED ON NEED AND THE SERVERITY OF THE CASE. MOLC ALSO WORKS VERY CLOSELY WITH THE DEPARTMENT OF SOCIAL SERVICES HELPING INDIVIDIUALS COMPLETE APPLICATION FOR THEIR ENERGY ASSISTANCE PROGRAMS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Adenia M Bradley Interim Chief Executive Offic | OfficerTrustee | 40 | $109,000 |
Clement Troutman Treasurer | OfficerTrustee | 5 | $0 |
Alex Villegas Secretary | OfficerTrustee | 5 | $0 |
Gary Michael Chairman | OfficerTrustee | 5 | $0 |
Tony Perez Vice Chairman | OfficerTrustee | 5 | $0 |
Tony Page Member | Officer | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $3,151 |
| Fundraising events | $33,830 |
| Related organizations | $0 |
| Government grants | $600,697 |
| All other contributions, gifts, grants, and similar amounts not included above | $184,300 |
| Noncash contributions included in lines 1a–1f | $225 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $821,978 |
| Total Program Service Revenue | $0 |
| Investment income | $3,074 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $800 |
| 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 | $825,852 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $11,054 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $145,449 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $575,639 |
| Pension plan accruals and contributions | $17,314 |
| Other employee benefits | $41,948 |
| Payroll taxes | $54,695 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $4,461 |
| Fees for services: Accounting | $74,629 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $503,259 |
| Advertising and promotion | $9,929 |
| Office expenses | $21,277 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $17,360 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $243 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $24,980 |
| Insurance | $28,631 |
| All other expenses | $0 |
| Total functional expenses | $1,555,781 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $31,736 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $2,793,358 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $807,504 |
| 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 | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $50,000 |
| Total assets | $3,682,598 |
| Accounts payable and accrued expenses | $10,527 |
| Grants payable | $0 |
| Deferred revenue | $2,520,000 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $40,000 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $5,337 |
| Total liabilities | $2,575,864 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $1,106,734 |
| 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 | $0 |
| Total liabilities and net assets/fund balances | $3,682,598 |