Nonprofit · EIN 47-5203278
PADUCAH MINISTRIES 1 INC
Tax-exempt · DENVER, CO 80202
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $659,463 | $1,447,725 | -$788,262 | $2,640,665 | $898,731 | $1,741,934 |
| December 31, 2023 | 990 | $622,154 | $598,103 | $24,051 | $3,343,774 | $793,842 | $2,549,932 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $564,188
- of which government grants
- $564,188
- Program service revenue
- $94,148
- Investment income
- $403
- Other revenue
- $724
Expenses
- Grants and similar amounts paid
- $0
- Salaries, compensation and benefits (total)
- $0
- Professional fundraising fees
- $0
- Accounting fees
- $21,556
- Occupancy
- $259,506
- Depreciation
- $100,762
- Program services (functional)
- $1,426,169
- Management and general (functional)
- $21,556
Balance sheet and other
- Total assets, start of year
- $3,343,774
- Total assets, end of year
- $2,640,665
- Total liabilities, end of year
- $898,731
- Net assets, end of year
- $1,741,934
- Land, buildings and equipment
- $2,200,000
- Net assets without donor restrictions
- $1,741,934
- Gross receipts
- $659,463
- Employees
- 0
- Volunteers
- 0
- Year formed
- 2015
- State of legal domicile
- KY
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended December 31, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| MELISSA CLAYTON | PRESIDENT/DIRECTOR Trustee or director, Officer | 0.1 | $0 | $273,011 | $35,478 |
| JOE ROSENBLUM | SECRETARY/DIRECTOR Trustee or director, Officer | 0.1 | $0 | $232,582 | $10,382 |
| CHAD PAYNE | TREASURER Officer | 0.1 | $0 | $201,515 | $9,965 |
| KASSIDI BOENING | VICE PRESIDENT/DIRECTOR Trustee or director, Officer | 0.1 | $0 | $163,942 | $31,209 |
990 for the year ended December 31, 2023: 5 people
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| MELISSA CLAYTON | PRESIDENT/DIRECTOR Trustee or director, Officer | 1 | $0 | $265,721 | $33,798 |
| JOE ROSENBLUM | SECRETARY/DIRECTOR Trustee or director, Officer | 1 | $0 | $222,348 | $10,201 |
| CHAD PAYNE | TREASURER Officer | 1 | $0 | $192,189 | $8,496 |
| KASSIDI BOENING | VICE PRESIDENT/DIRECTOR Trustee or director, Officer | 1 | $0 | $144,044 | $28,632 |
| BRUCE SAAB | VICE PRESIDENT (UNTIL 10/23) Officer | 1 | $0 | $84,979 | $13,324 |
Address and contacts
- Address (IRS master file)
- 1600 BROADWAY STE 2000, DENVER, CO 80202-4929
- Principal officer (990 for 2024)
- MELISSA CLAYTON, 1600 BROADWAY SUITE 2000, DENVER, CO 802025704
- Signed the 990
- CHAD PAYNE, TREASURER
- Phone
- (303) 830-3300
- Return prepared by
- COHNREZNICK ADVISORY LLC
Mission
ESTABLISHING, OWNING AND OPERATING A 76-UNIT COMMUNITY LOCATED IN PADUCAH, KY TO PROVIDE LOW-INCOME HOUSING AND RELATED SERVICES TO LOW AND MODERATE INCOME PERSONS
Program accomplishments
- PADUCAH MINISTRIES 1, INC. (PM1I), A WHOLLY OWNED SUBSIDIARY OF MERCY HOUSING WHEATON NFP, WAS FORMED ON SEPTEMBER 25, 2015 IN ACCORDANCE WITH THE NOT-FOR-PROFIT STATUTES OF THE STATE OF KENTUCKY, FOR THE PURPOSE OF ESTABLISHING, OWNING, AND MAINTAINING AFFORDABLE LOW-INCOME HOUSING AND RELATED HOUSING PROGRAMS FOR THE AGING AND INDIGENT, UNDER THE GUIDELINES OF THE U.S. DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT (HUD) PURSUANT TO SECTION 202 OF THE NATIONAL HOUSING ACT.Expenses $1,426,169 · revenue $94,872
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | Not on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 47-5203278
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (509(a)(2))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 2016
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Housing and shelter (L20)
- Assets (IRS master file)
- $2,640,665
- Income (IRS master file)
- $659,463
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $659,463 | $1,447,725 | $2,640,665 | IRS |
| 990 | December 2023 | $622,154 | $598,103 | $3,343,774 | XML |
| 990 | December 2022 | $605,490 | $602,161 | $3,425,672 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990 | December 2018 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 47-5203278).
Questions about PADUCAH MINISTRIES 1 INC
- What is the EIN of PADUCAH MINISTRIES 1 INC?
- The employer identification number (EIN) of PADUCAH MINISTRIES 1 INC is 47-5203278.
- Is PADUCAH MINISTRIES 1 INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2016.
- Are donations to PADUCAH MINISTRIES 1 INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does PADUCAH MINISTRIES 1 INC file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of PADUCAH MINISTRIES 1 INC due?
- The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did PADUCAH MINISTRIES 1 INC last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2024.
- Who is the principal officer of PADUCAH MINISTRIES 1 INC?
- The 990 for the year ended December 31, 2024 names MELISSA CLAYTON.
- Who are the officers and directors of PADUCAH MINISTRIES 1 INC?
- The 990 for the year ended December 31, 2024 lists 4 people; 0 received compensation from the organization.
- How much revenue does PADUCAH MINISTRIES 1 INC have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $659,463, expenses of $1,447,725 and total assets of $2,640,665 at year end.
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