Overview
What is Our Lady Of Mercy Senior Manor Housing Development Fund Corporation?
Our Lady of Mercy Senior Manor Housing Development Fund Corporation is a nonprofit organization situated in New York City, specifically at 1011 First Avenue, New York, NY 10022. Their primary mission is to provide and operate a housing project for elderly or disabled individuals with low income, offering specialized facilities and services that cater to their physical, social, and psychological needs. This holistic approach aims to enhance their health, security, and overall happiness, thereby promoting their well-being in their longer lives.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 79% (Three-Star out of Four Stars)
Our Lady Of Mercy Senior Manor Housing Development Fund Corporation has received a three-star rating from Charity Navigator, indicating a moderate level of accountability and financial health. The charity scored particularly well in areas such as board independence and financial oversight, with a perfect score for having an entirely independent board and robust audit practices.
Strengths of the organization include its high program expense ratio, which reflects that a significant portion of its resources is allocated to its core mission. Additionally, the charity has effective policies in place regarding conflict of interest, whistleblower protections, and document management, all of which contribute positively to its accountability framework.
However, a notable limitation is the high liabilities to assets ratio, which suggests potential financial risk. This aspect may warrant further scrutiny for those considering support or involvement with the organization. Overall, while the charity demonstrates strong governance and mission focus, potential donors should be aware of its financial liabilities.
This AI summary has been generated from information found on Charity Navigator.
Is Our Lady Of Mercy Senior Manor Housing Development Fund Corporation legitimate?
Our Lady Of Mercy Senior Manor Housing Development Fund Corporation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Our Lady Of Mercy Senior Manor Housing Development Fund Corporation submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
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What is the mission statement of Our Lady Of Mercy Senior Manor Housing Development Fund Corporation?
Our Lady of Mercy Senior Manor Housing Development Fund Corporation is dedicated to operating a housing project specifically for elderly or disabled individuals of low income. The organization's primary goal is to provide them with housing facilities and services tailored to meet their physical, social, and psychological needs. This aim is to promote their health, security, and overall happiness, enhancing their usefulness in longer living. The corporation strives to create an environment where these individuals can thrive and lead fulfilling lives.
Who is the CEO of Our Lady Of Mercy Senior Manor Housing Development Fund Corporation?
Beatriz Diaz Taveras is the President of Our Lady Of Mercy Senior Manor Housing Development Fund Corporation.
What is the revenue of Our Lady Of Mercy Senior Manor Housing Development Fund Corporation?
Our Lady Of Mercy Senior Manor Housing Development Fund Corporation's revenue in 2022 was $834,416.
Who are the executives of Our Lady Of Mercy Senior Manor Housing Development Fund Corporation and what are their salaries?
There 6 volunteers at Our Lady Of Mercy Senior Manor Housing Development Fund Corporation.
Here are 6 key members and their salaries:
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Where can I find the form 990 for Our Lady Of Mercy Senior Manor Housing Development Fund Corporation?
Our Lady Of Mercy Senior Manor Housing Development Fund Corporation's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Our Lady Of Mercy Senior Manor Housing Development Fund Corporation
Our Lady of Mercy Senior Manor Housing Development Fund Corporation is dedicated to serving the needs of elderly or disabled individuals of low income. Their primary mission is to operate a housing project, providing not just physical living spaces, but facilities and services tailored to meet the unique physical, social, and psychological requirements of these individuals. This is done with the aim of promoting their health, security, and overall happiness, ultimately enhancing their ability to live fulfilling lives for an extended period. The organization's goal is to create an environment that encourages the well-being and usefulness of its residents, ensuring they can age gracefully and comfortably.
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Impact
October, 2024
Our Lady of Mercy Senior Manor Housing Development Fund Corporation significantly enhances the quality of life for elderly and disabled individuals with low income in New York. By operating a dedicated 55-unit housing project, it addresses the urgent need for secure, accessible, and affordable living spaces tailored to the unique requirements of its residents.
The organization’s impact is multifaceted. It offers housing facilities and services specifically designed to meet the physical, social, and psychological needs of its residents. This comprehensive approach promotes not only health and security but also fosters a sense of community and belonging among the residents, enhancing their overall happiness and well-being. Services provided encourage active engagement, ensuring that residents feel useful and connected, which is vital for their mental and emotional health.
In summary, Our Lady of Mercy Senior Manor plays a crucial role in promoting the health, security, and happiness of elderly and disabled individuals, enabling them to lead fulfilling and dignified lives in a supportive environment.
This information is meant to be a general summary of Our Lady Of Mercy Senior Manor Housing Development Fund Corporation. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Investment Income: $7,498
- Program Service Revenue: $825,598
- Gross Receipts: $834,416
Assets and Liabilities:
- Total Assets: $4,481,970
- Total Liabilities: $6,558,500
- Net Assets: -$2,076,530
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RENTAL INCOME
Revenue
$825,598
Organization Details
Founding Year
2000
Phone
(212) 371-1000Principal Officer
Beatriz Diaz Taveras
Main Address
1011 FIRST AVENUE, NEW YORK, NY, 10022
NTEE Category
Code: P80 - Human services
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