Holy Love Ministries
- Assets
- $21.3m
- Revenue
- $2.4m
- Investments
- $0.0
- Employees
- 18
- Location
- North Ridgeville, OH
- Founding
- 06/1991
- Data as of
- 12/2021
- EIN
- 34-1663334
Organization Overview
Holy Love Ministries is located in North Ridgeville, OH. The organization was established in 1991. According to its NTEE Classification (X22) the organization is classified as: Roman Catholic, under the broad grouping of Religion-Related and related organizations. As of 12/2021, Holy Love Ministries employed 18 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Holy Love Ministries 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, Holy Love Ministries generated $2.4m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (20.4%) each year. All expenses for the organization totaled $3.3m during the year ending 12/2021. 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
DIRECT CHARITABLE GIVING RELATED TO SPREADING THE WORK OF MARY AND PRAYER.
Describe the Organization's Program Activity:
Part 3 - Line 4a
DIRECT CHARITABLE GIVING RELATED TO SPREADING THE WORD OF MARY AND PRAYER.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Thomas Turk Gen Mgr/trus | OfficerTrustee | 30 | $45,760 |
Donald Kyle President/tr | OfficerTrustee | 20 | $16,224 |
Robert Topazio Vp/sec/treas | OfficerTrustee | 20 | $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 | $1,434,477 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,434,477 |
| Total Program Service Revenue | $0 |
| Investment income | $505 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $9,850 |
| 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 | $2,402,696 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $67,500 |
| 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. | $61,984 |
| Compensation of current officers, directors, key employees. | $6,198 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $439,609 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $38,317 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $11,067 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $3,046 |
| Advertising and promotion | $10,215 |
| Office expenses | $93,634 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $413,168 |
| Travel | $12,286 |
| 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 | $1,401,619 |
| Insurance | $106,810 |
| All other expenses | $16,374 |
| Total functional expenses | $3,308,712 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $86,195 |
| Savings and temporary cash investments | $640,298 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $983 |
| 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 | $20,464,104 |
| Investments—publicly traded securities | $7,554 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $88,996 |
| Total assets | $21,288,130 |
| Accounts payable and accrued expenses | $7,864 |
| 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 | $7,864 |
| Net assets without donor restrictions | $21,280,266 |
| 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 | $0 |
| Total liabilities and net assets/fund balances | $21,288,130 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Holy Love Ministries has recieved totaling $201.
| Awarding Organization | Amount |
|---|---|
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $201 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Dynamic Catholic Institute Cincinnati, OH | $46,011,933 | $24,743,201 |
Holy Cross Village At Notre Dame Inc Notre Dame, IN | $38,111,514 | $15,375,443 |
Legatus Inc Ann Arbor, MI | $6,863,625 | $5,856,045 |
Society Of St Vincent De Paul Archdiocesan Council Of Indianapolis, IN | $9,105,471 | $5,968,988 |
Cise Cincinnati, OH | $26,854,331 | $7,324,023 |
Villa St Joseph Of Baden Inc Baden, PA | $11,517,142 | $339,761 |
Holy Love Ministries North Ridgeville, OH | $21,288,130 | $2,402,696 |
Hrh Management Corporation Huntingdon Valley, PA | $24,532,221 | $3,996,088 |
Marian Wayside Shrine Foundation Inc Saint John, IN | $16,789,912 | $5,177,827 |
Independent Catholic Foundation Altoona, PA | $35,931,954 | $2,096,997 |
Christ Medicus Foundation Troy, MI | $272,713 | $1,485,980 |
Shellbourne Inc Valparaiso, IN | $7,796,510 | $1,573,745 |