Mohney Foundation
- Assets
- $1.4m
- Revenue
- $140.3k
- Investments
- $1.0m
- Employees
- 0
- Location
- Sturgis, MI
- Founding
- 06/2017
- Data as of
- 12/2021
- EIN
- 81-4735647
Organization Overview
Mohney Foundation is located in Sturgis, MI. The organization was established in 2017. According to its NTEE Classification (L40) the organization is classified as: Temporary 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. Mohney Foundation 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 12/2021, Mohney Foundation generated $140.3k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 5 years, the organization has seen revenues fall by an average of (19.0%) each year. All expenses for the organization totaled $60.8k during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2021
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE MOHNEY FOUNDATION PROVIDED SAFE, COMFORTABLE, AND AFFORDABLE HOUSING TO PERSONS WITH PHYSICAL AND MENTAL DISABILITIES.
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N/A
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kelli L Tackett Secretary | 0 | $0 | |
Jeffrey M Mohney President | 4 | $0 | |
Patricia L Barnard Treasurer | 0 | $0 | |
John Novak Director | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $22,550 |
| Interest on Savings | $0 |
| Dividends & Interest | $21,306 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $74,834 |
| Capital Gain Net Income | $9,981 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $21,600 |
| Total Revenue | $140,290 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $0 |
| Depreciation | $15,187 |
| Occupancy | $26,012 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $1,160 |
| Total operating and administrative expenses | $43,284 |
| Contributions, gifts, grants paid | $17,500 |
| Total expenses and disbursements | $60,784 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $128,092 |
| Savings and temporary cash investments | $0 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $256,367 |
| Other assets | $0 |
| Total assets | $1,386,149 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $600 |
| Total liabilities | $600 |
Grants Awarded
Over the last fiscal year, Mohney Foundation has awarded $17,500 in support to 4 organizations.
| Grant Recipient | Amount |
|---|---|
Sturgis, MI PURPOSE: UNRESTRICTED | $10,000 |
KALAMAZOO GOSPEL MINISTRIES PURPOSE: UNRESTRICTED | $2,500 |
HABITAT FOR HUMANITY PURPOSE: UNRESTRICTED | $2,500 |
OPEN DOORS PURPOSE: UNRESTRICTED | $2,500 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
University Village Housing Inc Green Bay, WI | $28,254,095 | $5,543,891 |
Rescue Mission Of Mahoning Valley Youngstown, OH | $10,421,726 | $4,223,090 |
Community Teaching Homes Inc Holland, OH | $1,337,006 | $2,516,239 |
Aya Youth Collective Grand Rapids, MI | $3,689,480 | $2,215,318 |
Community Care Organization Detroit, MI | $2,287,842 | $993,117 |
U Snap Bac Inc Detroit, MI | $660,187 | $852,889 |
Future Choices Inc Muncie, IN | $2,713,745 | $998,076 |
Springhill Housing Corporation Troy, MI | $5,265,545 | $1,342,262 |
Cots Inc Appleton, WI | $2,402,736 | $1,044,365 |
Live Rite Structured Recovery Corp Clay, MI | $1,037,743 | $826,023 |
Walking With Jesus Ministries South Bend, IN | $250,753 | $680,819 |
Corporate Housing Providers Association Indianapolis, IN | $1,106,889 | $553,739 |