Overview
What is Mercy Housing Inc?
Mercy Housing Inc is a Denver, Colorado-based nonprofit organization, with a workforce of 623 employees, dedicated to creating stable and vibrant communities by providing affordable, program-enriched housing for families, seniors, and individuals with special needs. Their mission transcends mere housing development; it involves managing and fostering the acquisition, financing, operation, and management of quality, affordable housing opportunities for those who lack the necessary economic resources. Mercy Housing, Inc. specializes in activities such as asset management, housing development, consulting services, construction management, and financial services specifically related to the development of affordable housing.
Official website here: www.mercyhousing.org
What are the reviews and ratings of this charity?
Rating from Charity Navigator: 81% (Three-Star out of Four Star rating)
Mercy Housing Inc has earned a solid Three-Star rating with a score of 81%, reflecting its strong accountability and finance practices. The organization scored exceptionally well in accountability metrics, achieving a score of 93%, indicating a high level of transparency and ethical management. Key strengths include a fully independent board, effective oversight, and the absence of material asset diversions, which bolster donor confidence in the organization's financial integrity.
Additionally, Mercy Housing Inc excels in its culture and community engagement, scoring a perfect 100% in this area. This suggests that the organization actively seeks feedback and incorporates it into its operations, demonstrating a commitment to community involvement and responsiveness. The feedback collection and usage practices are rated highly, indicating that stakeholders' voices are valued and considered in decision-making.
Despite the overall positive assessment, the organization still has room for improvement in its program expense ratio, which stands at 68.89%. While this is a commendable figure, enhancing the percentage of funds directly allocated to programs could further strengthen its impact and effectiveness in serving the community. Overall, Mercy Housing Inc shows a strong performance in both financial accountability and community engagement.
This AI summary has been generated from information found on Charity Navigator.
Is Mercy Housing Inc legitimate?
Mercy Housing Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Mercy Housing 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: $5,420,518
Professional Fundraising Fees: $0
Other Salaries and Wages: $11,729,764
For more financial information, click here
Official website here: www.mercyhousing.org
What is the mission statement of Mercy Housing Inc?
Mercy Housing Inc is dedicated to creating stable, vibrant, and healthy communities by managing entities that develop, finance, and operate affordable, program-enriched housing for families, seniors, and people with special needs. These individuals often struggle to access quality, safe housing opportunities due to their limited economic resources. Mercy Housing's mission in action involves supporting and fostering the development, acquisition, financing, operation, and management of quality, affordable housing for low and moderate-income persons. Through this commitment, Mercy Housing aims to provide essential housing solutions, contributing to the overall well-being of the individuals and communities they serve.
Official website here: www.mercyhousing.org
What is the revenue of Mercy Housing Inc?
Mercy Housing Inc's revenue in 2023 was $100,477,161.
Official website here: www.mercyhousing.org
Who are the executives of Mercy Housing Inc and what are their salaries?
The average compensation at Mercy Housing Inc during 2023 was $27,573. There are 622 employees and 11 volunteers at Mercy Housing Inc.
Here are 37 key members and their salaries:
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- Compensation: $465,043
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- Other: $38,865
- Compensation: $245,093
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- Other: $11,727
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- Related: $360,513
- Other: $42,252
- Compensation: $344,082
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- Other: $26,229
- Compensation: $265,721
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- Other: $33,798
- Compensation: $258,816
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- Compensation: $296,251
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- Other: $25,195
- Compensation: $239,192
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- Compensation: $234,901
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- Other: $42,779
- Compensation: $195,218
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- Other: $10,383
- Compensation: $243,733
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- Other: $25,412
- Compensation: $209,962
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- Other: $37,250
- Compensation: $269,230
- Related: $0
- Other: $11,578
- Compensation: $201,013
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- Other: $39,487
- Compensation: $194,072
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- Other: $39,045
- Compensation: $192,189
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- Other: $8,496
- Compensation: $327,391
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- Other: $21,198
- Compensation: $190,424
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- Other: $27,628
- Compensation: $120,093
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- Other: $23,055
- Compensation: $189,508
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- Other: $34,867
- Compensation: $222,348
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- Other: $10,201
- Compensation: $229,391
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- Other: $20,964
- Compensation: $255,109
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- Other: $38,385
- Compensation: $200,814
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- Other: $27,568
- Compensation: $197,417
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- Other: $22,734
- Compensation: $219,710
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- Other: $17,820
Official website here: www.mercyhousing.org
Where can I find the form 990 for Mercy Housing Inc?
Mercy Housing 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 Housing Inc
Mercy Housing Inc, a leading nonprofit organization, is dedicated to managing and directing entities with the purpose of creating stable, vibrant, and healthy communities. They achieve this mission by developing, financing, and operating affordable, program-enriched housing for families, seniors, and individuals with special needs who lack the economic resources to access quality, safe housing opportunities.
Through their work, Mercy Housing, Inc. supports and fosters the development, acquisition, financing, operation, and management of affordable housing for low and moderate-income individuals. The nonprofit's commitment to creating stable, vibrant, and healthy communities extends beyond just providing housing. Their program-enriched approach ensures that residents have access to essential resources and opportunities that enable them to thrive.
Mercy Housing, Inc. is more than just a housing provider. They are dedicated to making a difference in the lives of those they serve. By offering affordable housing options, they give families, seniors, and individuals with special needs the opportunity to focus on their personal growth and wellbeing, rather than the burden of finding a safe and affordable place to live. With a strong focus on community development, Mercy Housing, Inc. is committed to creating environments where individuals and families can build a foundation for a brighter future.
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Impact
October, 2024
Mercy Housing Inc significantly impacts communities by fostering the development and management of affordable, program-enriched housing. By focusing on low and moderate-income individuals, families, seniors, and those with special needs, Mercy Housing helps create stable and vibrant neighborhoods where residents have access to safe and quality living conditions.
The organization engages in a range of activities including asset management, housing development, construction management, and financial services. This comprehensive approach not only addresses the urgent need for affordable housing but also enriches residents' lives through supportive services that promote well-being and resilience.
Through its initiatives, Mercy Housing Inc empowers vulnerable populations, enhances community stability, and contributes to the overall health of the neighborhoods it serves, ultimately fostering a stronger and more cohesive society.
This information is meant to be a general summary of Mercy Housing 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: $912,358
- Program Service Revenue: $56,134,856
- Gross Receipts: $109,231,237
Assets and Liabilities:
- Total Assets: $156,167,253
- Total Liabilities: $116,327,580
- Net Assets: $39,839,673
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
INSURANCE REIMB FROM PROPERTIES
Revenue
$21,887,794
SHARED SERVICES
Revenue
$19,600,222
SERVICE FEES
Revenue
$10,273,904
INTEREST INCOME ON NOTES RECEIVAB
Revenue
$4,334,646
LOAN ORIGINATION FEES
Revenue
$38,290
Organization Details
Founding Year
1981
Principal Officer
Ismael Guerrero
Website
www.mercyhousing.orgNTEE Category
Code: L200 - Housing
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