Mercy Housing Corporation

Charity Navigator Rating: Needs Improvement (Two Stars, 67%).

Mercy Housing Corporation has received a "Needs Improvement" rating from Charity Navigator, reflecting an overall score of 67%. The organization demonstrates strong governance with 100% independent board members, robust financial oversight through an active Audit and Oversight Committee, and an impressive program expense ratio of 98.45%, indicating that most of its resources are directed towards its mission-driven activities.

Despite these strengths, there are significant areas of concern that have contributed to its less favorable rating. The organization has a high liabilities to assets ratio of 252.98%, which raises questions about financial health and sustainability. Additionally, several key policies, including conflict of interest, whistleblower, and document retention, are missing, which could impact accountability and transparency.

The absence of the tax form on the nonprofit's website further detracts from its financial transparency. While the organization excels in program expenses and governance, addressing these limitations is essential for improving its overall rating and trust among stakeholders.

This AI summary has been generated from information found on Charity Navigator.

Mercy Housing Corporation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Mercy Housing 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: $0

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