Overview
What is Sacred Heart Village Iii Inc?
Sacred Heart Village III Inc is a nonprofit organization based in Denver, Colorado, with an address at 1600 Broadway Suite 2000. Their primary mission is to provide affordable housing for low-income individuals, specifically operating a 50-unit apartment community named Sacred Heart Village III in Louisville, Kentucky, in accordance with Section 202 of the National Housing Act. This initiative aims to contribute positively to the local community by offering suitable living accommodations for those in need.
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 III Inc has received a Three-Star rating on Charity Navigator, reflecting a solid level of accountability and finance management. The overall score is driven by a single, strong beacon score, with significant emphasis on financial health. The charity's fiscal practices demonstrate a commendable commitment to transparency and good governance.
The organization excels in several key areas, including a perfect score for material diversion of assets and a high program expense ratio of 97.21%, indicating that a substantial portion of its funds is allocated directly to its programs. Additionally, all required policies, such as conflict of interest and whistleblower policies, are in place and properly documented, highlighting the charity's dedication to ethical practices.
While the rating is overall positive, the reliance on a single beacon score could suggest a need for improvements in other operational aspects that might not be reflected in financial metrics alone. Nevertheless, Sacred Heart Village III Inc remains a trustworthy organization based on its strong financial management and accountability practices.
This AI summary has been generated from information found on Charity Navigator.
Is Sacred Heart Village Iii Inc legitimate?
Sacred Heart Village Iii Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Sacred Heart Village Iii 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: $113,178
For more financial information, click here
Official website here: www.mercyhousing.org
What is the mission statement of Sacred Heart Village Iii Inc?
Sacred Heart Village III Inc's mission is centered around owning and managing a 50-unit apartment complex, providing affordable housing for low-income individuals. The organization, in accordance with Section 202 of the National Housing Act, aims to operate this apartment community, known as Sacred Heart Village III, with the primary objective of offering suitable living spaces to those in need. This endeavor is geared towards enhancing the living conditions for such individuals, thereby contributing positively to their overall well-being.
Official website here: www.mercyhousing.org
Who is the CEO of Sacred Heart Village Iii Inc?
James Alexander is the President/Director of Sacred Heart Village Iii Inc.
Official website here: www.mercyhousing.org
What is the revenue of Sacred Heart Village Iii Inc?
Sacred Heart Village Iii Inc's revenue in 2022 was $497,400.
Official website here: www.mercyhousing.org
Who are the executives of Sacred Heart Village Iii 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 Iii Inc?
Sacred Heart Village Iii 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 Iii Inc
Sacred Heart Village III Inc, as a nonprofit organization, is committed to owning and operating a 50-unit apartment project. This project is designed to provide housing for individuals with low income, serving as a vital resource for those in need. The organization's mission, in line with Section 202 of the National Housing Act, aims to create a welcoming community that offers stable housing solutions. By doing so, Sacred Heart Village III Inc contributes to enhancing the living conditions of its residents, providing them with a safe and supportive environment.
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Impact
July, 2024
Sacred Heart Village III Inc's impact lies in providing affordable housing for low-income individuals in Louisville, Kentucky. By owning and operating a 50-unit apartment community, this organization plays a crucial role in addressing the housing needs of vulnerable populations. This initiative not only offers a safe and stable living environment for those in need but also contributes to building stronger and more resilient communities. Sacred Heart Village III Inc's dedication to providing affordable housing is a testament to their commitment to improving the quality of life for low-income individuals in the Louisville area.
This information is meant to be a general summary of Sacred Heart Village Iii 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: $8
- Program Service Revenue: $203,214
- Gross Receipts: $497,400
Assets and Liabilities:
- Total Assets: $1,970,884
- Total Liabilities: $62,772
- Net Assets: $1,908,112
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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
$200,183
OTHER REVENUE
Revenue
$1,593
ANCILLARY SERVICES
Revenue
$1,438
Organization Details
Founding Year
2000
Phone
(303) 830-3300Principal Officer
James Alexander
Main Address
1600 BROADWAY SUITE 2000, DENVER, CO, 802025704
Website
www.mercyhousing.orgNTEE Category
Code: L22 - Housing
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