Overview
What is Tierra Del Sol?
Tierra Del Sol is a nonprofit corporation established in 2003, based in Colorado, with a specific focus on addressing housing needs. Its primary mission is to develop, own, and operate affordable housing projects for families, seniors, and individuals with special needs who struggle financially to secure quality housing. Regulated by the U.S. Department of Housing and Urban Development (HUD), Tierra Del Sol manages properties with rent-controlled charges and operating methods. Currently, it operates a 76-unit project in Cathedral City, California, under the name Tierra Del Sol, with the aim of fostering stable, vibrant, and healthy communities.
Official website here: www.mercyhousing.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 81%, Three-Star out of Four Star rating.
Tierra Del Sol has received a solid rating, reflecting its strong performance in accountability and finance. The organization scored 81%, indicating effective management of its resources, which is essential for donor confidence. The high score is particularly bolstered by its perfect marks in areas such as financial statements, policies regarding whistleblower protections, and asset diversion, showcasing a commitment to transparency and ethical governance.
The organization demonstrates its focus on impactful programming with an impressive program expense ratio of 98.35%, suggesting that nearly all its expenditures are directed towards its mission. Additionally, the liability to assets ratio of 24.78% indicates a healthy balance sheet, which further enhances its financial stability and reliability.
However, while the accountability and finance score is commendable, the overall score is derived solely from this category. This means that potential donors might want to consider additional aspects of the organization’s performance, such as program effectiveness and community impact, which are not reflected in the current rating.
This AI summary has been generated from information found on Charity Navigator.
Is Tierra Del Sol legitimate?
Tierra Del Sol is a legitimate nonprofit organization registered as a 501(c)(3) entity. Tierra Del Sol 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: $99,429
For more financial information, click here
Official website here: www.mercyhousing.org
What is the mission statement of Tierra Del Sol?
Tierra Del Sol's mission is centered around the development, ownership, and operation of affordable housing programs. These programs are specifically designed for families, seniors, and individuals with special needs who struggle economically and have limited access to quality housing opportunities. The organization's purpose is to manage or guide entities with the aim of establishing stable, lively, and healthy communities by financing and operating program-enriched, affordable housing. This endeavor aims to provide a safe living environment for those in need, thereby contributing to the well-being and vitality of communities.
Official website here: www.mercyhousing.org
Who is the CEO of Tierra Del Sol?
Doug Shoemaker is the President/Director of Tierra Del Sol.
Official website here: www.mercyhousing.org
What is the revenue of Tierra Del Sol?
Tierra Del Sol's revenue in 2022 was $820,706.
Official website here: www.mercyhousing.org
Who are the executives of Tierra Del Sol and what are their salaries?
Here are 15 key members and their salaries:
- Compensation: $0
- Related: $151,225
- Other: $7,573
- Compensation: $0
- Related: $304,832
- Other: $28,064
- Compensation: $0
- Related: $169,136
- Other: $31,795
- Compensation: $0
- Related: $215,449
- Other: $8,873
- Compensation: $0
- Related: $189,462
- Other: $7,937
- Compensation: $0
- Related: $228,009
- Other: $33,552
- Compensation: $0
- Related: $198,100
- Other: $21,341
- Compensation: $0
- Related: $157,372
- Other: $10,314
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $94,309
- Other: $16,925
- Compensation: $0
- Related: $189,811
- Other: $4,240
- Compensation: $0
- Related: $256,515
- Other: $45,801
- Compensation: $0
- Related: $143,251
- Other: $38,467
- Compensation: $0
- Related: $164,838
- Other: $15,948
- Compensation: $0
- Related: $161,460
- Other: $35,386
Official website here: www.mercyhousing.org
Where can I find the form 990 for Tierra Del Sol?
Tierra Del Sol'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 Tierra Del Sol
Tierra Del Sol, a nonprofit organization, is committed to a mission that involves developing, owning, and operating low-income housing programs for families, seniors, and individuals with special needs. These individuals often lack the economic resources necessary to access quality housing opportunities. The purpose of Tierra Del Sol is to manage or direct entities with a similar aim, which is to create stable, vibrant, and healthy communities. This is achieved by developing, financing, and operating affordable, program-enriched housing. This housing not only provides a safe place to live but also incorporates enriching programs to enhance the quality of life for its residents, ensuring they can thrive in their communities.
Shop smarter and support your favorite cause with the Give Freely browser extension. Save money with coupons and donate to charity with a single click. Download now!
Impact
July, 2024
Tierra Del Sol's impact is profound in providing stable, vibrant, and healthy communities by developing, financing, and operating affordable, program-enriched housing for families, seniors, and people with special needs who lack the economic resources to access quality, safe housing opportunities. The organization's focus on low-income housing programs plays a crucial role in addressing housing accessibility challenges faced by vulnerable populations, ultimately contributing to the overall well-being and quality of life for those they serve.
This information is meant to be a general summary of Tierra Del Sol. 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: $4,227
- Program Service Revenue: $260,493
- Gross Receipts: $820,706
Assets and Liabilities:
- Total Assets: $7,034,470
- Total Liabilities: $1,743,607
- Net Assets: $5,290,863
Want to help this charity, for free? You can click here to learn more about Give Freely
Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
NET RENTAL REVENUE
Revenue
$250,576
ANCILLARY SERVICES
Revenue
$6,543
OTHER REVENUE
Revenue
$3,374
Organization Details
Founding Year
2001
Phone
(303) 830-3300Principal Officer
Doug Shoemaker
Main Address
1600 BROADWAY SUITE 2000, DENVER, CO, 802025704
Website
www.mercyhousing.orgNTEE Category
Code: L21 - Housing
If you are a representative of Tierra Del Sol and wish to learn more about how Give Freely can help you raise funds, please click here: https://givefreely.com/nonprofits/. Our services are offered at no cost to your organization.