Overview
What is Mercy Housing Southeast?
Mercy Housing Southeast is a nonprofit organization situated in Denver, Colorado. Their primary mission is to develop and provide affordable housing for low-income families, seniors, people with special needs, the homeless, and potentially homeless individuals who might struggle to secure quality, safe housing otherwise. They offer a range of free programs and services tailored to each low-income housing community, such as after-school programs for children, GED and English courses, employment initiatives, and homeownership seminars. Their resident services and programs encompass four main areas: education, community development, health and wellness, and economic stability, all aimed at enhancing the lives and communities of those they serve.
Official website here: www.mercyhousing.org
What are the reviews and ratings of this charity?
Rating from Charity Navigator: 83% (Three-Star out of Four Star rating).
Mercy Housing Southeast has been assigned a three-star rating, reflecting a solid level of performance in accountability and finance. The score is driven by a perfect rating in numerous governance aspects, such as having a majority of independent board members and a comprehensive conflict of interest policy. The organization demonstrates strong oversight with its financial statements and maintains effective policies for document retention and whistleblower protections.
The charity's program expense ratio stands at an impressive 89.02%, indicating that a significant portion of its funds is directed towards its programs rather than administrative costs. This efficiency is complemented by a favorable fundraising efficiency ratio of $0.232, suggesting that the organization is able to raise funds effectively relative to its spending. Furthermore, the working capital ratio of 1.57 years provides a buffer for financial stability, ensuring it can sustain operations over the near term.
However, while the organization has notable strengths in governance and financial management, potential donors may want to consider the compensation levels of key personnel, which are relatively high. This aspect could warrant further scrutiny for those interested in understanding how Mercy Housing Southeast allocates its resources.
This AI summary has been generated from information found on Charity Navigator.
Is Mercy Housing Southeast legitimate?
Mercy Housing Southeast is a legitimate nonprofit organization registered as a 501(c)(3) entity. Mercy Housing Southeast 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
For more financial information, click here
Official website here: www.mercyhousing.org
What is the mission statement of Mercy Housing Southeast?
Mercy Housing Southeast's mission is centered around providing affordable housing to families, seniors, individuals with special needs, the homeless, and those at risk of becoming homeless. This organization aims to assist those who lack the financial resources to secure safe and quality housing. In addition to offering affordable housing, Mercy Housing Southeast provides various free programs and services to their residents. These initiatives are designed to enhance their lives and the communities they reside in. The objective is to improve the living conditions and well-being of the individuals they serve.
Official website here: www.mercyhousing.org
What is the revenue of Mercy Housing Southeast?
Mercy Housing Southeast's revenue in 2023 was $9,955,601.
Official website here: www.mercyhousing.org
Who are the executives of Mercy Housing Southeast and what are their salaries?
There 9 volunteers at Mercy Housing Southeast.
Here are 15 key members and their salaries:
- Compensation: $0
- Related: $265,722
- Other: $33,798
- Compensation: $0
- Related: $222,348
- Other: $10,201
- Compensation: $0
- Related: $195,218
- Other: $10,383
- Compensation: $0
- Related: $192,189
- Other: $8,496
- Compensation: $0
- Related: $123,191
- Other: $13,549
- Compensation: $0
- Related: $84,979
- Other: $13,324
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Official website here: www.mercyhousing.org
Where can I find the form 990 for Mercy Housing Southeast?
Mercy Housing Southeast'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 Southeast
Mercy Housing Southeast is dedicated to facilitating the provision of affordable housing for families, seniors, individuals with special needs, the homeless, and potentially homeless individuals who might otherwise struggle to secure quality, safe housing due to financial constraints. The organization goes beyond just providing housing, as it also offers a range of free programs and services to its residents, designed to enhance their lives and the communities they inhabit. These initiatives aim to improve their overall well-being, thereby contributing to the betterment of the communities they reside in.
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Impact
July, 2024
Mercy Housing Southeast's impact is profound in providing affordable housing to families, seniors, individuals with special needs, and those who are homeless or at risk of homelessness. They offer a range of free programs and services tailored to improve the lives of residents in their affordable housing projects. These initiatives cover areas such as education, community engagement, health and wellness, and economic stability. Through their efforts, Mercy Housing Southeast not only addresses the critical need for safe and quality housing but also fosters stronger communities and enhances the well-being of individuals facing financial challenges.
This information is meant to be a general summary of Mercy Housing Southeast. 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: $36,546
- Program Service Revenue: $1,353,081
- Gross Receipts: $9,976,197
Assets and Liabilities:
- Total Assets: $37,368,465
- Total Liabilities: $29,578,826
- Net Assets: $7,789,639
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
SERVICES FEES
Revenue
$560,204
NET RENTAL REVENUE
Revenue
$440,732
DEVELOPER FEES
Revenue
$271,365
INTEREST ON NOTES RECEIVABLE
Revenue
$80,780
Organization Details
Founding Year
1996
Principal Officer
James Alexander
Website
www.mercyhousing.orgNTEE Category
Code: L200 - Housing
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