Overview
What is Mercy Siena Springs Inc?
Mercy Siena Springs Inc, established in 1981 as an Ohio nonprofit corporation, was primarily set up to construct, own, and manage a 45-unit apartment complex in Dayton, Ohio, named Siena Springs. This project, regulated by the U.S. Department of Housing and Urban Development (HUD), focuses on providing affordable housing units with controlled rent charges and operating methods. The organization's mission remains centered around this apartment community, aiming to contribute positively to the Dayton, Ohio, community by providing suitable housing solutions.
Official website here: www.mercyhousing.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: Needs Improvement (62%)
Mercy Siena Springs Inc has received a two-star rating, indicating that there are significant areas for improvement within the organization. The accountability and finance score of 62% reflects some strong practices, such as a high program expense ratio of 95.01%, which suggests that a large portion of its resources is directed toward its mission. Additionally, the organization has robust policies in place, including those for conflict of interest and whistleblower protections.
However, the organization faces critical weaknesses, particularly in board independence, with 0% of board members being independent. This lack of independent oversight may raise concerns regarding governance. Furthermore, the liabilities to assets ratio of 180.49% indicates potential financial instability, which could affect the organization’s sustainability in the long term. Additionally, while the nonprofit has listed its website on its tax form, it has failed to post its tax form on its website, which could impact transparency.
This AI summary has been generated from information found on Charity Navigator.
Is Mercy Siena Springs Inc legitimate?
Mercy Siena Springs Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Mercy Siena Springs Inc 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
For more financial information, click here
Official website here: www.mercyhousing.org
What is the mission statement of Mercy Siena Springs Inc?
Mercy Siena Springs Inc was established as a non-profit organization with the primary goal of constructing, owning, and operating a 45-unit apartment community. This community, named Siena Springs, was established to cater to specific housing needs, following Section 202 of the National Housing Act. The organization's activities are regulated by the U.S. Department of Housing and Urban Development (HUD) in terms of rent charges and operating methods. The project, currently operating in Dayton, Ohio, provides residential units and operates under the name Siena Springs I.
Official website here: www.mercyhousing.org
What is the revenue of Mercy Siena Springs Inc?
Mercy Siena Springs Inc's revenue in 2023 was $506,024.
Official website here: www.mercyhousing.org
Who are the executives of Mercy Siena Springs Inc and what are their salaries?
Here are 11 key members and their salaries:
- Compensation: $0
- Related: $138,709
- Other: $20,295
- Compensation: $0
- Related: $103,958
- Other: $34,463
- Compensation: $0
- Related: $68,705
- Other: $10,851
- Compensation: $0
- Related: $195,218
- Other: $10,383
- Compensation: $0
- Related: $222,348
- Other: $10,201
- Compensation: $0
- Related: $104,239
- Other: $23,335
- Compensation: $0
- Related: $68,096
- Other: $10,817
- Compensation: $0
- Related: $192,189
- Other: $8,496
- Compensation: $0
- Related: $265,721
- Other: $33,798
- Compensation: $0
- Related: $144,044
- Other: $28,632
- Compensation: $0
- Related: $84,979
- Other: $13,324
Official website here: www.mercyhousing.org
Where can I find the form 990 for Mercy Siena Springs Inc?
Mercy Siena Springs Inc's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.mercyhousing.org
Learn more at the official website: www.mercyhousing.org
Mission Statement of Mercy Siena Springs Inc
Mercy Siena Springs Inc, a nonprofit organization based in Ohio, was established with a mission to construct, own, and operate a 45-unit apartment community. This community, known as Siena Springs, was established under Section 202 of the National Housing Act, aiming to provide affordable housing solutions. The organization's purpose was to construct and manage a rental housing project, which is regulated by the United States Department of Housing and Urban Development (HUD) in terms of rent charges and operating methods. Currently, this project, located in Dayton, Ohio, operates under the name Siena Springs I.
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Impact
July, 2024
Mercy Siena Springs Inc's impact can be seen in its provision of affordable housing through the construction, ownership, and operation of a 45-unit apartment community known as Siena Springs in Dayton, Ohio. This initiative aims to address housing needs in the community in accordance with Section 223(f) of the National Housing Act. By offering regulated rental housing under the supervision of the United States Department of Housing and Urban Development (HUD), Mercy Siena Springs Inc contributes to creating a more stable and secure living environment for individuals and families in Dayton.
This information is meant to be a general summary of Mercy Siena Springs Inc. 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 2023.
- Investment Income: $1,601
- Program Service Revenue: $165,827
- Gross Receipts: $506,024
Assets and Liabilities:
- Total Assets: $774,911
- Total Liabilities: $1,398,702
- Net Assets: -$623,791
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
NET RENTAL REVENUE
Revenue
$165,827
Organization Details
Founding Year
1981
Principal Officer
James Alexander
Website
www.mercyhousing.orgNTEE Category
Code: L21 - Housing
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