Overview
What is Mercy Oaks Village?
Mercy Oaks Village is a nonprofit organization, established in 2003 under the laws of California. Its primary mission is to foster stable, lively, and healthful communities by constructing, financing, and managing affordable housing projects. The organization operates a residential housing project named Mercy Oaks Village, located in Redding, California, which houses 63 low-income tenants. The property functions under this name, serving as a vital resource for those in need of affordable housing options.
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.
Mercy Oaks Village has achieved an overall score of 81%, reflecting a strong commitment to accountability and financial management. The rating is based solely on their Accountability & Finance score, which indicates a solid structure in place for overseeing financial activities. The organization has been recognized for its comprehensive financial oversight, with top scores in areas such as the Audit and Oversight Committee, transparency in conflict of interest policies, and effective document management practices.
Strengths of Mercy Oaks Village include an impressive program expense ratio of 97.59%, showcasing that the majority of funds are directed toward their programs rather than administrative costs. Additionally, there has been no material diversion of assets, affirming the organization’s integrity and responsible stewardship of resources. The organization also provides full visibility into its operations through detailed financial documentation.
While the overall rating is favorable, the reliance on a single beacon score may limit a more nuanced understanding of the organization's overall performance. However, the high marks in accountability and finance indicate a commitment to transparency and responsible management practices, which are critical for sustaining donor trust and operational effectiveness.
This AI summary has been generated from information found on Charity Navigator.
Is Mercy Oaks Village legitimate?
Mercy Oaks Village is a legitimate nonprofit organization registered as a 501(c)(3) entity. Mercy Oaks Village 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: $158,196
For more financial information, click here
Official website here: www.mercyhousing.org
What is the mission statement of Mercy Oaks Village?
Mercy Oaks Village is dedicated to managing and directing entities with the goal of establishing stable, vibrant, and healthy communities. They achieve this by developing, financing, and operating affordable housing projects. The organization's mission is to contribute to the creation of communities that provide a decent living environment for individuals with limited financial resources. By operating under this mission, Mercy Oaks Village aims to improve the quality of life for its residents and contribute to the overall well-being of the communities they serve.
Official website here: www.mercyhousing.org
Who is the CEO of Mercy Oaks Village?
Doug Shoemaker is the President/Director of Mercy Oaks Village.
Official website here: www.mercyhousing.org
What is the revenue of Mercy Oaks Village?
Mercy Oaks Village's revenue in 2022 was $536,388.
Official website here: www.mercyhousing.org
Who are the executives of Mercy Oaks Village 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 Mercy Oaks Village?
Mercy Oaks Village'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 Oaks Village
Mercy Oaks Village, established as a non-profit corporation, is committed to managing and directing entities with the purpose of fostering stable, vibrant, and healthy communities. Their mission is achieved by developing, financing, and operating affordable housing projects. By doing so, Mercy Oaks Village aims to contribute to the creation of sustainable living environments for individuals and families who may not have the financial means to secure housing otherwise. The organization's work is centered around the development and operation of residential housing projects, ensuring that low-income tenants have access to safe and affordable living spaces.
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Impact
July, 2024
Mercy Oaks Village's impact can be seen in the creation of stable, vibrant, and healthy communities through the development, financing, and operation of affordable housing. By managing entities focused on providing low-income residential housing, Mercy Oaks Village plays a crucial role in supporting individuals and families in need. The organization's work in constructing and operating a low-income residential housing project in Redding, California, comprising 63 rental units, directly addresses the pressing need for affordable housing in the community. Through its mission, Mercy Oaks Village contributes to fostering a sense of community and ensuring that low-income tenants have a safe and stable place to call home.
This information is meant to be a general summary of Mercy Oaks Village. 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: $233,217
- Gross Receipts: $536,388
Assets and Liabilities:
- Total Assets: $3,504,664
- Total Liabilities: $672,366
- Net Assets: $2,832,298
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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
$227,023
ANCILLARY SERVICES
Revenue
$6,194
Organization Details
Founding Year
2003
Phone
(303) 830-3300Principal Officer
Doug Shoemaker
Main Address
1600 BROADWAY SUITE 2000, DENVER, CO, 802025704
Website
www.mercyhousing.orgNTEE Category
Code: L22 - Housing
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