Overview
What is Mercy Housing Midwest?
Mercy Housing Midwest is a nonprofit organization based in Denver, Colorado, dedicated to addressing housing inequality. They specialize in developing and providing affordable housing for families, seniors, individuals with special needs, the homeless, and those at risk of homelessness. Beyond just housing, Mercy Housing Midwest offers a range of complimentary services to their residents. These encompass four primary areas: education, community engagement, health and wellness, and financial stability. The specific services offered vary depending on the needs of each community, including after-school programs for children, GED and English courses, employment initiatives, and homeownership seminars. The organization's mission is to ensure that these disadvantaged individuals have access to quality, secure housing they might not be able to afford otherwise.
Official website here: www.mercyhousing.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: Needs Improvement (Score: 66%, Two-Star out of Four Star rating). Mercy Housing Midwest has been rated by Charity Navigator with a two-star rating, indicating that while the organization meets some standards for financial health and transparency, there are areas needing improvement. The accountability and finance score reflects some strong practices, including a complete conflict of interest policy and a whistleblower policy, but raises concerns due to the lack of independent board members.
The organization demonstrates a significant program expense ratio at 87.69%, suggesting that the majority of its funds are directed towards its programmatic efforts, which is a positive indicator of its commitment to fulfilling its mission. However, the liabilities to assets ratio of 76.95% raises red flags regarding its financial health, suggesting that the organization may be heavily reliant on liabilities relative to its assets.
While Mercy Housing Midwest has some solid policies in place, such as an audit and oversight committee that scored well, the absence of independent board members may limit the objectivity in governance. Additionally, the failure to post its tax form on the nonprofit's website can hinder transparency efforts. Overall, the organization shows strengths in its programmatic spending but must address governance and financial health issues to enhance its standing.
This AI summary has been generated from information found on Charity Navigator.
Is Mercy Housing Midwest legitimate?
Mercy Housing Midwest is a legitimate nonprofit organization registered as a 501(c)(3) entity. Mercy Housing Midwest 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: $348,309
For more financial information, click here
Official website here: www.mercyhousing.org
What is the mission statement of Mercy Housing Midwest?
Mercy Housing Midwest is committed to facilitating the provision of affordable housing for families, seniors, individuals with special needs, the homeless, and potentially homeless individuals who might not have the financial resources to secure quality, safe housing otherwise. Beyond providing affordable housing, the organization offers a range of free programs and services to its residents, designed to enhance their lives and the communities they reside in. These services aim to improve the residents' well-being, offering them resources that can make a meaningful difference in their daily lives.
Official website here: www.mercyhousing.org
Who is the CEO of Mercy Housing Midwest?
Melissa Clayton is the Vice President/Director of Mercy Housing Midwest.
Official website here: www.mercyhousing.org
What is the revenue of Mercy Housing Midwest?
Mercy Housing Midwest's revenue in 2022 was $1,495,893.
Official website here: www.mercyhousing.org
Who are the executives of Mercy Housing Midwest and what are their salaries?
Here are 6 key members and their salaries:
- Compensation: $0
- Related: $94,309
- Other: $16,925
- Compensation: $0
- Related: $215,449
- Other: $8,873
- Compensation: $0
- Related: $228,009
- Other: $33,552
- Compensation: $0
- Related: $189,811
- Other: $4,240
- Compensation: $0
- Related: $134,820
- Other: $30,258
- Compensation: $0
- Related: $154,467
- Other: $14,745
Official website here: www.mercyhousing.org
Where can I find the form 990 for Mercy Housing Midwest?
Mercy Housing Midwest'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 Midwest
Mercy Housing Midwest is an organization dedicated to facilitating the provision of affordable housing for families, seniors, individuals with special needs, the homeless, and those at risk of becoming homeless. This nonprofit recognizes that many individuals lack the financial resources to secure safe, quality housing, and it strives to bridge this gap. Beyond providing affordable housing, Mercy Housing Midwest also offers a variety of free programs and services to residents of their projects. These initiatives are designed to enhance the lives of the residents and contribute positively to the communities in which they reside. In summary, Mercy Housing Midwest is committed to ensuring that disadvantaged individuals have access to affordable housing and the resources necessary to improve their lives and communities.
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Impact
July, 2024
Mercy Housing Midwest directly works to develop low-income housing and provide services to low-income families, elderly, handicapped, homeless, potentially homeless, or otherwise disadvantaged persons. They aim to facilitate the provision of affordable housing to those who lack the financial resources to obtain quality, safe housing. Additionally, Mercy Housing Midwest offers free programs and services to residents of their affordable housing projects to improve their lives and the surrounding communities. Their resident services and programs cover areas such as education, community engagement, health and wellness, and economic stability. Through their efforts, Mercy Housing Midwest contributes to creating stable and supportive environments for individuals and families in need.
This information is meant to be a general summary of Mercy Housing Midwest. 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: $756,204
- Gross Receipts: $1,495,893
Assets and Liabilities:
- Total Assets: $5,336,488
- Total Liabilities: $4,107,331
- Net Assets: $1,229,157
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
PROGRAM INTEREST
Revenue
$336,594
BAD DEBT RECOVERY
Revenue
$219,596
SERVICES FEES
Revenue
$200,014
Organization Details
Founding Year
1993
Phone
(303) 830-3300Principal Officer
Melissa Clayton
Main Address
1600 BROADWAY SUITE 2000, DENVER, CO, 802025704
Website
www.mercyhousing.orgNTEE Category
Code: L19 - Housing
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