Overview
What is Sacred Heart Village Inc?
Sacred Heart Village Inc, based in Louisville, Kentucky, is a nonprofit organization that was established with the purpose of constructing, owning, and operating a 50-unit apartment community, known as Sacred Heart Village. This initiative falls under Section 202 of the National Housing Act, aiming to provide affordable housing solutions. The organization's primary goal is to create a living space that caters to the needs of its residents. While the information provided does not detail the specific services or support offered within the community, it is clear that Sacred Heart Village Inc is dedicated to making a positive impact in the realm of affordable housing.
Official website here: www.mercyhousing.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 77%, Three-Star out of Four Star rating. This rating reflects a solid performance in accountability and finance for Sacred Heart Village Inc. The organization received a high score primarily based on its fiscal management and transparency practices, indicating a reliable commitment to ethical standards and financial responsibility.
The charity scored particularly well in areas such as its Program Expense Ratio, which stands at an impressive 97.13%, showing that the majority of its funds are directed towards its programs rather than administrative costs. Additionally, it has no reported material diversion of assets and maintains a robust conflict of interest policy, whistleblower policy, and document retention guidelines, all contributing to its positive accountability score.
However, while the financial practices are commendable, the overall rating is primarily derived from a single beacon score. It may be beneficial for the organization to diversify its operational metrics to enhance its overall rating in future assessments. The salaries of key personnel indicate a significant investment in leadership, which could be a consideration for potential donors assessing the charity's operational efficiencies.
This AI summary has been generated from information found on Charity Navigator.
Is Sacred Heart Village Inc legitimate?
Sacred Heart Village Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Sacred Heart Village 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: $122,392
For more financial information, click here
Official website here: www.mercyhousing.org
What is the mission statement of Sacred Heart Village Inc?
Sacred Heart Village Inc, a Kentucky-based not-for-profit organization, was established with the mission to construct, own, and operate a 50-unit apartment complex. This complex, known as Sacred Heart Village, was initiated under Section 202 of the National Housing Act, aiming to provide affordable housing solutions. The organization's primary goal is to contribute to the housing needs of its community, providing a place where individuals can reside in a secure and comfortable environment.
Official website here: www.mercyhousing.org
Who is the CEO of Sacred Heart Village Inc?
James Alexander is the President/Director of Sacred Heart Village Inc.
Official website here: www.mercyhousing.org
What is the revenue of Sacred Heart Village Inc?
Sacred Heart Village Inc's revenue in 2022 was $456,386.
Official website here: www.mercyhousing.org
Who are the executives of Sacred Heart Village Inc and what are their salaries?
Here are 11 key members and their salaries:
- Compensation: $0
- Related: $127,814
- Other: $21,025
- Compensation: $0
- Related: $104,597
- Other: $45,941
- Compensation: $0
- Related: $63,576
- Other: $14,262
- Compensation: $0
- Related: $233,119
- Other: $11,765
- Compensation: $0
- Related: $215,449
- Other: $8,873
- Compensation: $0
- Related: $100,631
- Other: $27,789
- Compensation: $0
- Related: $62,977
- Other: $14,353
- Compensation: $0
- Related: $94,309
- Other: $16,925
- Compensation: $0
- Related: $189,811
- Other: $4,240
- Compensation: $0
- Related: $134,820
- Other: $30,258
- Compensation: $0
- Related: $228,009
- Other: $33,552
Official website here: www.mercyhousing.org
Where can I find the form 990 for Sacred Heart Village Inc?
Sacred Heart Village Inc'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 Sacred Heart Village Inc
Sacred Heart Village Inc, a Kentucky-based not-for-profit organization, was established with a mission to construct, own, and operate a 50-unit apartment complex. This initiative is carried out under Section 202 of the National Housing Act, aiming to provide suitable living accommodations. The primary objective of Sacred Heart Village Inc is to construct and manage a community known as Sacred Heart Village, offering affordable housing solutions to its residents. This mission aligns with the organization's commitment to contributing positively to the housing sector and improving the living conditions of its inhabitants.
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Impact
July, 2024
Sacred Heart Village Inc's impact lies in providing affordable housing to residents in Louisville, Kentucky through the operation of a 50-unit apartment complex known as Sacred Heart Village. By constructing, owning, and managing this housing community, Sacred Heart Village Inc contributes to addressing the housing needs of individuals in the area. This initiative helps improve the quality of life for residents by offering a stable and secure living environment.
This information is meant to be a general summary of Sacred Heart Village 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 2022.
- Investment Income: $10
- Program Service Revenue: $187,978
- Gross Receipts: $456,386
Assets and Liabilities:
- Total Assets: $1,356,135
- Total Liabilities: $86,868
- Net Assets: $1,269,267
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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
$182,807
OTHER REVENUE
Revenue
$4,414
ANCILLARY SERVICES
Revenue
$757
Organization Details
Founding Year
1994
Phone
(303) 830-3300Principal Officer
James Alexander
Main Address
1600 BROADWAY SUITE 2000, DENVER, CO, 802025704
Website
www.mercyhousing.orgNTEE Category
Code: L21 - Housing
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