Overview
What is Mercy Housing Mountain Plains?
Mercy Housing Mountain Plains is a nonprofit organization dedicated to providing affordable housing solutions for low-income families, seniors, people with special needs, homeless, and potentially homeless individuals. They develop, own, and operate low-income housing properties in Colorado, obtaining financing for development and managing the construction or rehabilitation process. Mercy Housing Mountain Plains' mission extends beyond just housing, as they also offer various programs and services designed to enhance their residents' lives and the communities they live in. These initiatives aim to ensure that individuals who lack the financial resources to obtain safe and quality housing have access to it.
Official website here: www.mercyhousing.org
What are the reviews and ratings of this charity?
Rating from Charity Navigator: 56%, One-Star out of Four Star rating.
Mercy Housing Mountain Plains has received a low rating of 56% from Charity Navigator, primarily due to its accountability and finance practices. The organization lacks independent board members, which raises concerns about governance and oversight. While it has good policies in place for financial integrity, such as a conflict of interest policy and whistleblower protection, the overall financial management and transparency need significant improvement.
The organization's program expense ratio is concerning, as only 50.12% of its resources are directed towards its programs, suggesting that a substantial amount may be going towards operational costs or administrative expenses. This ratio is critical for assessing how effectively the nonprofit utilizes its funding to achieve its mission.
Despite these challenges, Mercy Housing Mountain Plains shows strengths in certain areas of financial oversight, including no material diversion of assets and clear documentation practices. To enhance its standing and impact, the organization would benefit from increasing board independence and improving its program expense ratio to ensure more resources are allocated to its core mission.
This AI summary has been generated from information found on Charity Navigator.
Is Mercy Housing Mountain Plains legitimate?
Mercy Housing Mountain Plains is a legitimate nonprofit organization registered as a 501(c)(3) entity. Mercy Housing Mountain Plains 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: $1,734,669
For more financial information, click here
Official website here: www.mercyhousing.org
What is the mission statement of Mercy Housing Mountain Plains?
Mercy Housing Mountain Plains is dedicated to facilitating the provision of affordable housing for families, seniors, individuals with special needs, homeless, and potentially homeless people who lack the financial resources to obtain safe and quality housing. The organization goes beyond just offering housing; it provides free programs and services to residents living in their affordable housing projects. These initiatives aim to enhance the lives of the residents and the communities they inhabit.
Official website here: www.mercyhousing.org
Who is the CEO of Mercy Housing Mountain Plains?
Dee Walsh is the Principal Officer of Mercy Housing Mountain Plains.
Official website here: www.mercyhousing.org
What is the revenue of Mercy Housing Mountain Plains?
Mercy Housing Mountain Plains's revenue in 2022 was $12,741,782.
Official website here: www.mercyhousing.org
Who are the executives of Mercy Housing Mountain Plains and what are their salaries?
Here are 6 key members and their salaries:
- Compensation: $0
- Related: $94,309
- Other: $16,925
- Compensation: $0
- Related: $215,449
- Other: $8,873
- Compensation: $0
- Related: $228,009
- Other: $33,552
- Compensation: $0
- Related: $189,811
- Other: $4,240
- Compensation: $0
- Related: $134,820
- Other: $30,258
- Compensation: $0
- Related: $154,467
- Other: $14,745
Official website here: www.mercyhousing.org
Where can I find the form 990 for Mercy Housing Mountain Plains?
Mercy Housing Mountain Plains's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.mercyhousing.org
Learn more at the official website: www.mercyhousing.org
Mission Statement of Mercy Housing Mountain Plains
Mercy Housing Mountain Plains, a dedicated nonprofit organization, strives to facilitate the provision of affordable housing for families, seniors, people with special needs, homeless, and potentially homeless individuals. These individuals, lacking the necessary financial resources, would otherwise struggle to obtain safe and quality housing. Mercy Housing Mountain Plains goes beyond just housing, as it offers a range of free programs and services to residents of its affordable housing projects. These initiatives aim to enhance their lives and the communities they inhabit.
The mission of Mercy Housing Mountain Plains is twofold. Firstly, it focuses on providing affordable housing, ensuring that those who are economically disadvantaged have access to safe and secure living environments. Secondly, Mercy Housing Mountain Plains offers programs and services designed to improve the lives of its residents. These services extend beyond the mere provision of housing, making a significant impact on the wellbeing and development of the individuals it serves.
Mercy Housing Mountain Plains is committed to bridging the gap for those in need of affordable housing and essential support services. By offering a comprehensive approach, it empowers its residents to thrive and build better futures for themselves and their families. Through its unwavering dedication and innovative initiatives, Mercy Housing Mountain Plains continues to make a positive difference in the lives of countless individuals and communities.
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Impact
October, 2024
Mercy Housing Mountain Plains significantly impacts communities by developing, owning, and operating low-income housing that serves families, seniors, individuals with special needs, and those experiencing or at risk of homelessness. By acquiring suitable locations for new constructions and rehabilitating existing properties, they create multi-family rental units and single-family homes that offer affordable living options.
Their efforts extend beyond housing development; they also secure financing for these projects and manage construction to ensure timely completion and safe living conditions. The organization enriches the lives of residents by providing various free programs and services aimed at improving well-being and fostering community engagement. Through these initiatives, Mercy Housing Mountain Plains not only addresses the immediate need for affordable housing but also empowers disadvantaged individuals and families, enhancing their quality of life and contributing to healthier, more stable communities.
This information is meant to be a general summary of Mercy Housing Mountain Plains. 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.
- Program Service Revenue: $5,953,512
- Gross Receipts: $12,741,782
Assets and Liabilities:
- Total Assets: $28,912,150
- Total Liabilities: $7,420,495
- Net Assets: $21,491,655
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
DEVELOPER FEES
Revenue
$3,253,385
SERVICE FEES
Revenue
$876,357
PROGRAM RELATED INTEREST
Revenue
$703,581
LEASE INCOME
Revenue
$579,707
Organization Details
Founding Year
2004
Phone
(303) 830-3300Principal Officer
Dee Walsh
Main Address
1600 BROADWAY SUITE 2000, DENVER, CO, 802025704
Website
www.mercyhousing.orgNTEE Category
Code: P40 - Human services
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