Metropolitan Inter-Faith Assoc
- Assets
- $32.5m
- Revenue
- $15.0m
- Investments
- $17.4m
- Employees
- 131
- Location
- Memphis, TN
- Founding
- 05/1969
- Data as of
- 06/2023
- EIN
- 62-0803601
Organization Overview
Metropolitan Inter-Faith Assoc is located in Memphis, TN. The organization was established in 1969. According to its NTEE Classification (P20) the organization is classified as: Human Service Organizations, under the broad grouping of Human Services and related organizations. As of 06/2023, Metropolitan Inter-Faith Assoc employed 131 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Metropolitan Inter-Faith Assoc 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, Metropolitan Inter-Faith Assoc generated $15.0m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (3.5%) each year. All expenses for the organization totaled $14.8m during the year ending 06/2023. You can explore the organizations financials more deeply in the financial statements section below.
Form
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
MIFA SUPPORTS THE INDEPENDENCE OF VULNERABLE SENIORS AND FAMILIES IN CRISIS THROUGH HIGH-IMPACT PROGRAMS.
Describe the Organization's Program Activity:
IN FY 2023 MIFA'S TWO SENIOR PROGRAMS PROMOTED INDEPENDENCE, HEALTH, AND DIGNITY THROUGH THESE SERVICES: - MIFA MEALS ON WHEELS SERVED 737,866 MEALS TO 4,418 SENIORS; OF THOSE CLIENTS, 3,140 RECEIVED HOME-DELIVERED MEALS AND 1,310 WERE SERVED AT CONGREGATE SITES. SURVEYED CLIENTS REPORTED THE FOLLOWING: 95.52% EAT HEALTHIER FOODS AS A RESULT OF THE PROGRAM, 90.62% BELIEVE THE PROGRAM HELPS THEM FEEL BETTER, AND 89.51% OF HOME-DELIVERED MEAL RECIPIENTS BELIEVE THE PROGRAM HELPS THEM CONTINUE LIVING IN THEIR OWN HOMES.- THE LONG-TERM CARE OMBUDSMAN PROGRAM'S TWO STAFF MEMBERS AND 17 VOLUNTEERS COMPLETED 376 VOLUNTEER HOURS WHILE PROVIDING ADVOCACY FOR THE CARE AND DIGNITY OF SENIORS LIVING IN LOCAL FACILITIES; THEY PROVIDED COMPLAINT RESOLUTION FOR 227 INDIVIDUALS.
MIFA'S FIVE FAMILY PROGRAMS PROVIDED BASIC SERVICES TO PREVENT HOMELESSNESS, STABILIZE FAMILIES , AND ENCOURAGE INDEPENDENCE. MIFA OFFERS A SPECTRUM OF PERSONALIZED INTERVENTIONS DESIGNED TO ADDRESS THE VULNERABILITIES THAT COULD LEAD AN INDIVIDUAL OR FAMILY TO HOMELESSNESS. - OF THE 10,043 UNDUPLICATED HOUSEHOLDS THAT REQUESTED EMERGENCY SERVICES ASSISTANCE IN FY23, 1,902 (REPRESENTING 2,217 ADULTS AND 2,393 CHILDREN) RECEIVED UTILITY, RENT, OR MORTGAGE ASSISTANCE.- EMERGENCY SHELTER PLACEMENT SCREENED 2,446 FAMILIES FOR SERVICE AND REFERRED 618 REPRESENTING 746 ADULTS AND 1,686 CHILDREN TO SHELTERS.- THE RAPID REHOUSING PROGRAM CONNECTED 166 FAMILIES REPRESENTING 169 ADULTS AND 414 CHILDREN WITH PERMANENT, STABLE HOUSING.- THE 24-HOUR HOTLINE FOR HOMELESS FAMILIES SCREENED 8,426 CALLS FROM AN ESTIMATED 5,494 CALLERS REPRESENTING 5,582 ADULTS AND 7,683 CHILDREN.
COMMUNITY SUPPORT
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Dr Stephen Cook Chair | Trustee | 2 | $0 |
Mr Doug Duncan Vice Chair | Trustee | 2 | $0 |
Mr Carl Person Secretary | Trustee | 2 | $0 |
Mr Ted Miller Treasurer | Trustee | 2 | $0 |
Ms Sara Hall Legal Counsel | Trustee | 2 | $0 |
Ms Paula Jacobson Director | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Elior Inc Food Vendor | 6/29/23 | $2,725,403 |
Graceland Hospitality Llcmotel 6 Hotel/motel Vendor | 6/29/23 | $495,471 |
Eas Graceland Llc Hotel/ Motel Vendor | 6/29/23 | $304,460 |
Pro Tech Service It Vendor | 6/29/23 | $273,618 |
Air Technical Services Hvac Vendor | 6/29/23 | $210,986 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $226,424 |
| Related organizations | $0 |
| Government grants | $6,370,701 |
| All other contributions, gifts, grants, and similar amounts not included above | $6,695,848 |
| Noncash contributions included in lines 1a–1f | $43,255 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $13,292,973 |
| Total Program Service Revenue | $1,519,767 |
| Investment income | $210,630 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $20,519 |
| Net Income from Fundraising Events | -$39,510 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $15,028,303 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $4,227,550 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $784,097 |
| Compensation of current officers, directors, key employees. | $369,501 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $3,640,972 |
| Pension plan accruals and contributions | $20,338 |
| Other employee benefits | $469,095 |
| Payroll taxes | $322,844 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $62,194 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $23,879 |
| Fees for services: Other | $896,908 |
| Advertising and promotion | $14,085 |
| Office expenses | $349,797 |
| Information technology | $455,278 |
| Royalties | $0 |
| Occupancy | $102,626 |
| Travel | $161,055 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $26,685 |
| Interest | $2,682 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $202,940 |
| Insurance | $105,572 |
| All other expenses | $0 |
| Total functional expenses | $14,750,931 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $5,707,113 |
| Savings and temporary cash investments | $6,504,027 |
| Pledges and grants receivable | $1,253,421 |
| Accounts receivable, net | $547,083 |
| 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 | $1,275 |
| Net Land, buildings, and equipment | $1,061,572 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $17,388,307 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $32,462,798 |
| Accounts payable and accrued expenses | $702,176 |
| Grants payable | $0 |
| Deferred revenue | $2,814,532 |
| 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 | $3,516,708 |
| Net assets without donor restrictions | $17,184,942 |
| Net assets with donor restrictions | $11,761,148 |
| 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 | $32,462,798 |