Is Bridgeport Board of Education Chairman Kenneth Moales, Jr.’s financial empire collapsing?

“I have the financial means to give my children the best. Why would I not give my children the best? … The best for my sons is at Fairfield Country Day,” said Moales, adding that he has 400 children from his church, the Cathedral of the Holy Spirit, in the public school because he doesn’t have the means to send them all to private school.”  (CT Post 4/9/2013)

Humble is certainly not a word one might use to describe Kenneth Moales, Jr., who served as Mayor Bill Finch’s campaign treasurer and now serves as the Chairman of Bridgeport’s Board of Education.

On the other hand, a bully might be more appropriate considering that when one member of the Board disagreed with him a few months ago, Moales asked if she was “special ed,” while calling another Board member Tonto.  And those were relatively mild displays of his aggressive behavior considering that doesn’t even count that time he returned to a meeting in March to tell a fellow Board member, “I assure you, you will regret doing that in front of my wife and kids.”

Whether it is his connection with Mayor Finch, his role on the Board of Education or his position as Pastor for the Cathedral of the Holy Spirit and Prayer Tabernacle Church of Love, Inc., there is no doubt that the term self-assured is applicable in describing Mr. Moales.

In addition, when it comes to Bridgeport politics, Moales is certainly recognized as an important political player.

What is less known is that his financial empire appears to be on the verge of collapse.

According to foreclosure documents filed with Connecticut’s Judicial Branch, less than 72 hours before Moales took the helm as the chairman of the Bridgeport Board of Education, his church was scheduled for Public Auction.

Just hours before the auction was to take place, a deal was reached pushing off the pending foreclosure until the fall, giving Moales a chance to start paying back millions in unpaid principal, interest and penalties that have accrued to the property.

The Church, located at 1231- 1243 Stratford Avenue in Bridgeport is just one of ten properties Moales lists as part of Prayer Tabernacle of Love, Inc. and the Cathedral of the Holy Spirit operation.

According to the church’s website, the properties include the Bishop Moales Fine Arts Center and Kingdom’s Little Ones Academy which are both located at 1243 Stratford Avenue, Kingdom’s Little Ones Christian Daycare, which rents space from the church at 1277 Stratford Avenue, Love Christian Academy, the church’s religious day school which is at 729 Union Avenue, and the House of Virtue which is on Central Avenue in Bridgeport.

The two daycare facilities are the ones run by Moales’ mother and sister and are the entities that received the massive increase in state funding thanks to Governor Malloy’s early education initiative.  With the new contracts, the daycare facilities are expected to see taxpayer -funded revenue in excess of $1 million.

The Chuch’s website goes on to explain that the Cathedral of the Holy Spirit / Prayer Tabernacle Church of Love, Inc. operates “a 1,500-seated sanctuary for praise & worship with a joining recreational facility,” a Christian Daycare and School for academic and spiritual excellence. Pre-K – 12th grade,” as well as, affordable housing units, a financial literacy program and Mary Moales’ senior citizen assisted living facility.

But lurking behind that façade of success are significant financial problems.

The City of Bridgeport’s Water Pollution Control Authority brought the foreclosure action as part of its attempt to collect over $4,000 in outstanding water and sewer fees that haven’t been paid.

But more shocking than the failure to pay the City is the fact that behind that debt stands a number of other lenders and companies seeking money from Moales and his church.  Leading the list are three mortgages totaling over $8.2 million with a lender based in Missouri, at least five local contractors who haven’t been paid for services rendered and at least four federal IRS liens for nearly $400,000 for failure to hand over payroll taxes.

In addition, Moales and his Prayer Tabernacle Church of Love, Inc. are facing a separate action brought by Bridgeport’s Community Bank for failure to pay over $225,000 on an outstanding line of equity that was taken out on his mother’s house, but guaranteed by the church corporation.

Considering the appraised and assessed value of the ten properties owned by the Prayer Tabernacle Church of Love, Inc. is only a fraction of the $8.2 million owed to just one of the parties seeking money,  an initial review of the court records raises far more questions than it answers.

Check back for more on this expanding story in the coming days.

In the meantime, Mayor Bill Finch, “Superintendent of Schools” Paul Vallas and Board of Education Chairman Kenneth Moales will continue their efforts to authorize more charter schools, distribute more high cost contracts  and further undermine Bridgeport’s public education system.

  • 1987tsd

    Holy Moly!

  • Sleepless in Bridgeport

    What a perfect public servant for the City of Bridgeport. Nothing Holy about this sham artist. He fits like a glove with Malloy, Pryor, Finch, and Vallas. They don’t make cells big enought for this band of thieves.

  • Linda174

    This gives new meaning to passing the basket in church.

    How could he manage a BOE budget if he can’t manage his own money OR will a few deals and state money be coming his way?

  • Sue

    Fairfield Country Day

    Tuition Rates & Payment Plans for 2012-2013
    Pre-Kindergarten $15,500
    Kindergarten to Grade Three $30,050
    Grade Four to Grade Six $31,700
    Grade Seven to Grade Nine $32,700

  • Linda174

    Does he even live in Bridgeport?

  • Robert

    It’s hard to understand why the Finch administration didn’t check out the CT Judicial website to see the legal actions against the Prayer Tabernacle Church of Love, Inc. .

  • TMS

    Evil recognizes evil. That’s why Moales, Vallas and Finch enjoy each other’s company..

    • msavage

      ‘Tis true–I read a study recently that suggested that sociopaths seek each other out. I tend to believe it.

      • Magister

        That surprises me; I’d think they would be drawn to prey rather than fellow predators.

        • msavage

          Could be true as well. There is that need to manipulate. Wish I could remember where I read this–might have been “The Sociopath Next Door” by Martha Stout. Excellent book. Also remember something about the fact that many people do not identify sociopaths well. Which explains how Mr. Moales gets a whole congregation to follow him, as well as many other such situations. Also there’s the whole lesson that Stanley Milgram taught us about obedience–At least six out of ten people will blindly obey
          a present, official-looking authority to the bitter end.

  • msavage

    This isn’t very Christian of me to say, but it made my heart soar a little bit to read the title of this post. Is that wrong? 🙂

    • Apartheid First

      Insofar as Moales will somehow squeeze his parishoners for financial help, it doesn’t make my heart soar.

      • msavage

        Maybe they need to wake up and stop being pathetic sheep. Sorry, but c’mon–why are they unable to spot the sociopath in their midst?

    • TMS

      Why is it wrong for a Christian to applaud the defeat of evil? Isn’t that what we should pray for? I am a Christian and I pray for good to prevail over evil constantly. I’m not praying for Moales’ demise, but for his evil behavior to stop and for the protection of those being harmed by his acts. Maybe this will allow him to learn humility, grace and mercy..

  • Apartheid First

    So, Moales is sending his sons to an exclusive private prep school? (We all know that Ivy League prep begins in preschool, if not in utero). I’m sure he had help with the admissions from some of his million/billionaire hedge fund philanthropist friends. After all, school reform is good for Bridgeport, while “Day Schools” and “Grammar Schools” are for the children of the rich.
    At least Moales’s sons will have exposure to a secular education, unlike all the helpless little sheep forced into the Kingdoms Little Ones and the Christian millennial day care, where they will get indoctrinated (how helpful is it that the founder of Christianity said “the meek will inherit the earth” and “there will always be poor people”?). Religion is not going to revolutionize anything.

  • Apartheid First

    Kinda convenient that Moales was Finch’s campaign manager. Wasn’t that during the last gubernatorial election? When Malloy won by a hair’s breadth, thanks to some well-timed last minute ballots in Bridgeport?
    Someone’s been doing very well since then!

  • Apartheid First

    Moales is sporting some natty duds lately. I wonder if he is patronizing the same tailors Ganim favored? Rowland went in for hot tubs and kitchen cupboards (which Rowland wore the pants in that family?!) while Ganim had a penchant for hand-knotted Turkish carpets and bespoke shirts and suits.
    Moales’s suit (in a photo linked on the “only in Bridgeport blog”, is definitely not off the peg.

  • Castles Burning

    Excellent, excellent research or good digging. I will be checking for further developments. THANK YOU>

  • sharewhut

    Oh, I’m sure it will all work out for the Moales family. Look for state

    & city to come up with funds (for debt value, not actual value) to purchase these properties in what will be trumped as an outstanding opportunity to add to Bpt’s educational infrastructure. The Moales gang will be contracted to run the facilities/programs.

    “a 1,500-seated sanctuary for praise & worship with a joining recreational facility ,”Bishop Moales Fine Arts Center” Fine Arts Center will become a charter magnet school for fine arts with the sanctuary becoming their auditorium.

    a Christian Daycare and School for academic and spiritual excellence. Pre-K – 12th grade,” Another community charter school opportunity.

    “The two daycare facilities are the ones run by Moales’ mother and sister” new early learning centers, head start birth to 5 learning programs

    “as well as, affordable housing units” Mary Moales’ senior citizen assisted living facility.” I’m sure DSS can find some need for these and contract out accordingly.

    “a financial literacy program” Teach low/no-income residents proper way to fill out correct forms to justify and maximize flow of cash for above…..

  • TMS

    You have to understand the African-American church, if you will. I can’t speak to how things are now, but historically churches were the social network for African-Americans. The Pastor is the leader of that “society” and were looked at as leaders of the community (think Martin Luther King, Sr and Jr.).Pastor commanded attention and stand above the congregation in the pulpit (a sacred place in the African-American church). I think there is still some of that mindset of pastors being innately good leaders still around today. Preachers use their “success” as proof that they have God’s favor and that’s powerful to some people. Think T.D. Jakes, Creflo Dollar or Fredrick K.C. Price.

    • sharewhut
      • Linda174

        His is presently the CEO & Founder of C.R.E.A.M. Enterprises where he presently offers his services and expertise as a financial consultant to local businesses, churches, not-for-profit organizations and municipal organizations.

        A financial consultant? Really?

        • TMS

          You can see from his bio that he values his experience in the business world and has very little experience or training in the spiritual one. His entire career has been centered around money. Why would it change just because he runs a church.

    • Sue

      Prosperity theology. Prominent evangelicals like Jerry Falwell and Rick Warren have denounced it as heretical. How sad Moales has such power in Bridgeport.

      • TMS

        I’m not sure I’d quote or follow any of these guys since they all seem to have their own dubious and exclusionary agendas, (Falwell, segregationist, moral majority; Warren-anti-gay activist), but I do agree with the perspective that it is a questionable theological approach that puts the focus on the god of money rather than spiritual growth.