Overview
What is Charles Crest Ii Corporation?
Charles Crest II Corporation is a nonprofit organization, established in Ohio in 1992, with a mission to construct, own, and operate a 50-unit apartment community in Rossford, Ohio. The organization, operating under Section 202 of the National Housing Act, manages a project regulated by the U.S. Department of Housing and Urban Development, ensuring reasonable rent charges and operating methods. The project, known as Charles Crest II, is currently in operation and provides housing solutions within its community.
Official website here: www.mercyhousing.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 77% (Three-Star out of Four Stars)
Charles Crest II Corporation has received a Three-Star rating from Charity Navigator, indicating a solid level of accountability and financial health. The rating is based solely on accountability and finance metrics, with a particularly strong program expense ratio of 97.10%, suggesting that most of their funds are directed towards their charitable programs. Additionally, the organization has a low liabilities to assets ratio of 8.11%, highlighting effective financial management.
However, there are notable limitations in the governance practices of the organization. The board lacks independent members, scoring 0 out of 10 points in that category, which raises potential concerns regarding oversight and decision-making. While the charity has various policies in place, such as conflict of interest and whistleblower policies, the absence of independent board members could impact the overall governance structure.
Moreover, the organization has room for improvement regarding transparency, as it failed to post its tax form on its website, receiving 0 out of 3 points for that criterion. Despite these governance and transparency issues, Charles Crest II Corporation demonstrates strong financial health and effective program spending.
This AI summary has been generated from information found on Charity Navigator.
Is Charles Crest Ii Corporation legitimate?
Charles Crest Ii Corporation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Charles Crest Ii 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: $122,450
For more financial information, click here
Official website here: www.mercyhousing.org
What is the mission statement of Charles Crest Ii Corporation?
Charles Crest II Corporation was established as a non-profit organization with the primary objective of constructing, owning, and operating a 50-unit apartment community. This organization, adhering to Section 202 of the National Housing Act, aimed to create Charles Crest II in Rossford, Ohio. The mission of Charles Crest II Corporation involves the development and operation of a rental housing project, subject to regulations by the U.S. Department of Housing and Urban Development regarding rent charges and operating methods. Currently, the project, known as Charles Crest II, consists of 50 units and operates in Rossford, Ohio. The primary focus of Charles Crest II Corporation remains committed to providing affordable housing options.
Official website here: www.mercyhousing.org
Who is the CEO of Charles Crest Ii Corporation?
James Alexander is the President/Director of Charles Crest Ii Corporation.
Official website here: www.mercyhousing.org
What is the revenue of Charles Crest Ii Corporation?
Charles Crest Ii Corporation's revenue in 2022 was $499,935.
Official website here: www.mercyhousing.org
Who are the executives of Charles Crest Ii Corporation 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 Charles Crest Ii Corporation?
Charles Crest Ii Corporation'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 Charles Crest Ii Corporation
Charles Crest II Corporation, a not-for-profit organization, was established with a mission to construct, own, and operate a 50-unit apartment community. This mission was carried out in accordance with Section 202 of the National Housing Act, a regulatory framework governed by the United States Department of Housing and Urban Development. The organization's project, known as Charles Crest II, aims to provide rental housing, regulating both rent charges and operating methods to ensure affordable and sustainable living. The 50-unit complex, currently operating in Rossford, Ohio, is a testament to Charles Crest II Corporation's commitment to providing housing solutions within the realm of affordable and regulated rental housing.
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Impact
July, 2024
Charles Crest II Corporation has had a significant impact by providing affordable housing options for individuals in Rossford, Ohio. By constructing, owning, and operating a 50-unit apartment community, this organization has contributed to addressing the housing needs of the community. Through its mission to provide affordable housing under the regulations of the US Department of Housing and Urban Development, Charles Crest II Corporation plays a vital role in offering a stable and secure living environment for those in need.
This information is meant to be a general summary of Charles Crest Ii 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: $1,567
- Program Service Revenue: $215,415
- Gross Receipts: $499,935
Assets and Liabilities:
- Total Assets: $1,300,713
- Total Liabilities: $105,722
- Net Assets: $1,194,991
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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
$190,071
OTHER REVENUE
Revenue
$21,470
ANCILLARY SERVICES
Revenue
$3,874
Organization Details
Founding Year
1992
Phone
(303) 830-3300Principal Officer
James Alexander
Main Address
1999 BROADWAY SUITE 1000, DENVER, CO, 80202
Website
www.mercyhousing.orgNTEE Category
Code: Z99Z - Unknown
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