Overview
What is Sacred Heart Village Ii Inc?
Sacred Heart Village II Inc., located at 1600 BROADWAY SUITE 2000, Denver, Colorado, was established with a mission to provide elderly individuals with housing facilities and services that cater to their physical, social, and psychological needs. The organization, established under Section 202 of the National Housing Act, aims to construct, own, and operate a 50-unit apartment community named Sacred Heart Village II in Louisville, Kentucky. This community is designed to promote the health, security, happiness, and usefulness of the elderly, thereby enhancing their quality of life during their later years.
Official website here: www.mercyhousing.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 77%, Three-Star out of Four Star rating.
Sacred Heart Village II Inc has achieved a solid Three-Star rating from Charity Navigator, reflecting a score of 77%. This rating primarily stems from their high accountability and finance performance, particularly highlighted by a low liabilities to assets ratio of 2.79% and an impressive program expense ratio of 96.94%. Such figures suggest that the organization is effectively using its resources to support its mission.
However, the organization faces some challenges in governance, as indicated by the absence of independent board members, which scored 0 out of 10 points. This lack of independence may raise concerns regarding oversight and decision-making processes. Despite this limitation, the organization demonstrates strong policies in place, including conflict of interest and whistleblower policies, which are fully compliant and contribute positively to their accountability.
Lastly, while Sacred Heart Village II Inc has a transparent approach with its financial documents and policies, it has failed to post its Tax Form on its website, resulting in a score of 0 out of 3 points for that category. Overall, while there are areas for improvement, especially in board independence, the organization shows a commitment to financial health and operational transparency.
This AI summary has been generated from information found on Charity Navigator.
Is Sacred Heart Village Ii Inc legitimate?
Sacred Heart Village Ii Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Sacred Heart Village Ii 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: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $88,605
For more financial information, click here
Official website here: www.mercyhousing.org
What is the mission statement of Sacred Heart Village Ii Inc?
Sacred Heart Village II Inc, as an organization, was established with the mission to provide elderly individuals with housing facilities and services that cater to their physical, social, and psychological needs. The primary goal is to promote their health, ensure their security, and enhance their happiness and usefulness in longer living. Sacred Heart Village II Inc strives to create a living environment that caters to the overall well-being of the elderly, fostering a sense of community and support.
Official website here: www.mercyhousing.org
Who is the CEO of Sacred Heart Village Ii Inc?
James Alexander is the President/Director of Sacred Heart Village Ii Inc.
Official website here: www.mercyhousing.org
What is the revenue of Sacred Heart Village Ii Inc?
Sacred Heart Village Ii Inc's revenue in 2022 was $458,293.
Official website here: www.mercyhousing.org
Who are the executives of Sacred Heart Village Ii Inc and what are their salaries?
Here are 11 key members and their salaries:
- Compensation: $0
- Related: $127,814
- Other: $21,025
- Compensation: $0
- Related: $104,597
- Other: $45,941
- Compensation: $0
- Related: $63,576
- Other: $14,262
- Compensation: $0
- Related: $233,119
- Other: $11,765
- Compensation: $0
- Related: $215,449
- Other: $8,873
- Compensation: $0
- Related: $100,631
- Other: $27,789
- Compensation: $0
- Related: $62,977
- Other: $14,353
- Compensation: $0
- Related: $94,309
- Other: $16,925
- Compensation: $0
- Related: $189,811
- Other: $4,240
- Compensation: $0
- Related: $134,820
- Other: $30,258
- Compensation: $0
- Related: $228,009
- Other: $33,552
Official website here: www.mercyhousing.org
Where can I find the form 990 for Sacred Heart Village Ii Inc?
Sacred Heart Village Ii Inc'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 Sacred Heart Village Ii Inc
Sacred Heart Village II Inc, a nonprofit organization, was established with a mission to cater to the needs of elderly individuals. Their primary objective is to provide housing facilities and services that are tailored to meet the physical, social, and psychological requirements of these senior citizens. By doing so, they aim to enhance their health, ensure their security, promote their happiness, and encourage their usefulness in prolonged living. In essence, Sacred Heart Village II Inc seeks to create an environment where elderly people can thrive and age gracefully.
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Impact
July, 2024
Sacred Heart Village II Inc's impact lies in providing elderly persons in Louisville, Kentucky with housing facilities and services designed to meet their physical, social, and psychological needs. By offering a supportive environment, this organization promotes the health, security, happiness, and usefulness of seniors in longer living.
This information is meant to be a general summary of Sacred Heart Village Ii 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 2022.
- Investment Income: $12
- Program Service Revenue: $223,201
- Gross Receipts: $458,293
Assets and Liabilities:
- Total Assets: $2,103,079
- Total Liabilities: $58,806
- Net Assets: $2,044,273
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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
$212,866
OTHER REVENUE
Revenue
$8,118
ANCILLARY SERVICES
Revenue
$2,217
Organization Details
Founding Year
1998
Phone
(303) 830-3300Principal Officer
James Alexander
Main Address
1600 BROADWAY SUITE 2000, DENVER, CO, 802025704
Website
www.mercyhousing.orgNTEE Category
Code: L21 - Housing
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