Overview
What is Mercy Housing Lakefront?
Mercy Housing Lakefront is a nonprofit organization based in Denver, Colorado, dedicated to developing, owning, and operating low-income housing units for families, seniors, people with special needs, homeless, and potentially homeless individuals. They provide affordable housing options, ensuring residents lacking financial resources can secure quality, safe housing. Additionally, Mercy Housing Lakefront offers a range of free programs and services tailored to each community. These services encompass education, community development, health and wellness, and economic stability. The organization's programs cater to children through after-school programs and GED and English courses. Employment initiatives and homeownership seminars also feature in their offerings, aiming to enhance residents' lives and the communities they inhabit.
Official website here: www.mercyhousing.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 82% (Three-Star out of Four Stars)
Mercy Housing Lakefront has achieved a Three-Star rating from Charity Navigator, indicating a strong level of accountability and financial health. The organization has an impressive program expense ratio of 94.55%, reflecting a commitment to putting the majority of its resources directly into its programs. With all board members being independent, the organization demonstrates a robust governance structure, which is further supported by high scores in various oversight areas.
The strengths of Mercy Housing Lakefront include its high scores in culture and community, as well as its commitment to ethical practices, as evidenced by comprehensive policies on conflict of interest and whistleblower protections. Additionally, the organization's financial statements are well-audited, which adds to its credibility and trustworthiness in handling donated funds.
However, there are some limitations noted, particularly regarding its liabilities to assets ratio, which stands at 69.48%. This could indicate potential financial vulnerabilities that may need to be addressed moving forward. Overall, Mercy Housing Lakefront shows a solid performance in terms of governance and program execution, while also acknowledging areas for improvement in financial management.
This AI summary has been generated from information found on Charity Navigator.
Is Mercy Housing Lakefront legitimate?
Mercy Housing Lakefront is a legitimate nonprofit organization registered as a 501(c)(3) entity. Mercy Housing Lakefront 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: $5,348,411
For more financial information, click here
Official website here: www.mercyhousing.org
What is the mission statement of Mercy Housing Lakefront?
Mercy Housing Lakefront is a non-profit organization dedicated to facilitating the provision of affordable housing for low-income families, seniors, people with special needs, homeless, and potentially homeless individuals. The mission of Mercy Housing Lakefront is to ensure that those who lack the financial resources can obtain quality, safe housing. Beyond offering affordable housing, the organization also provides a range of free programs and services to enhance the lives of its residents and their communities. These initiatives aim to improve the overall well-being of the residents and contribute positively to their living environments.
Official website here: www.mercyhousing.org
Who is the CEO of Mercy Housing Lakefront?
Mark Angelini is the President of Mercy Housing Lakefront.
Official website here: www.mercyhousing.org
What is the revenue of Mercy Housing Lakefront?
Mercy Housing Lakefront's revenue in 2022 was $19,717,575.
Official website here: www.mercyhousing.org
Who are the executives of Mercy Housing Lakefront and what are their salaries?
There 20 volunteers at Mercy Housing Lakefront.
Here are 26 key members and their salaries:
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- Related: $239,519
- Other: $10,391
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- Related: $228,009
- Other: $33,552
Official website here: www.mercyhousing.org
Where can I find the form 990 for Mercy Housing Lakefront?
Mercy Housing Lakefront'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 Lakefront
Mercy Housing Lakefront is a dedicated organization that works towards facilitating the provision of affordable housing to families, seniors, people with special needs, homeless, and potentially homeless individuals. By doing so, it ensures that those who lack the financial resources to obtain safe and quality housing have access to it. In addition to this, Mercy Housing Lakefront offers a range of free programs and services to residents of their affordable housing projects. These initiatives aim to enhance the lives of the residents and the communities they live in.
The mission of Mercy Housing Lakefront is multifaceted. On one hand, it focuses on addressing the fundamental need of housing for disadvantaged individuals and families. By providing affordable housing options, Mercy Housing Lakefront enables its residents to focus on other aspects of their lives, such as education, employment, and personal growth. On the other hand, the organization goes beyond just housing by offering programs and services that cater to the unique needs of its residents. These offerings enrich their lives and contribute to the overall well-being of the community.
Mercy Housing Lakefront plays a crucial role in making a positive impact on the lives of its residents. By providing affordable housing and additional resources, it empowers individuals and families to overcome challenges and create a better future for themselves. The organization's unwavering commitment to its mission is reflected in its ability to transform lives and build stronger communities.
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Impact
October, 2024
Mercy Housing Lakefront significantly enhances the quality of life for low-income families, seniors, individuals with special needs, and those experiencing or at risk of homelessness. By developing, owning, and operating affordable housing, it ensures that vulnerable populations have access to safe and quality living environments.
The organization also provides vital resident services and programs at no cost. These initiatives focus on four main areas: education, community, health and wellness, and economic stability. Tailored to the unique needs of each housing community, these programs include after-school activities for children, GED and English language courses, employment initiatives, and seminars on homeownership.
Through these efforts, Mercy Housing Lakefront not only addresses immediate housing needs but also empowers residents to achieve greater stability and improve their overall well-being, fostering stronger and more resilient communities.
This information is meant to be a general summary of Mercy Housing Lakefront. 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: $11,005,213
- Gross Receipts: $19,801,742
Assets and Liabilities:
- Total Assets: $47,257,188
- Total Liabilities: $32,842,863
- Net Assets: $14,414,325
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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
$5,822,219
SERVICE FEES
Revenue
$3,359,972
DEVELOPER FEES
Revenue
$919,146
PROGRAM INTEREST
Revenue
$864,866
Organization Details
Founding Year
1986
Phone
(303) 830-3300Principal Officer
Mark Angelini
Main Address
1600 BROADWAY SUITE 2000, DENVER, CO, 80202
Website
www.mercyhousing.orgNTEE Category
Code: L200 - Housing
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