Overview
What is Saving Mercy Corporation?
Saving Mercy Corporation, a nonprofit organization situated in Ocala, Florida, primarily focuses on providing affordable housing solutions to individuals and families falling under the low-income bracket. In 2021, they served approximately 335 individuals, demonstrating their commitment to addressing housing needs in the community. Their mission and activities revolve around offering housing and case management services to at-risk and vulnerable homeless individuals in a faith-based environment, aiming to provide holistic support and aid. With a workforce of nine dedicated employees, Saving Mercy Corporation strives to make a meaningful impact in people's lives.
Official website here: www.savingmercy.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 92%, Four-Star out of Four Star rating.
Saving Mercy Corporation has received a commendable score of 92% from Charity Navigator, indicating strong performance particularly in the areas of accountability and finance. The organization's rating is derived entirely from its accountability and finance score, demonstrating a commitment to transparency and responsible financial management.
The nonprofit boasts an independent board of directors, with 100% of its members being independent, which speaks to its governance strength. Additionally, it has maintained a relatively low liabilities to assets ratio of 28.12%, and a program expense ratio of 93.65%, suggesting that a significant portion of its funds is directed towards its mission rather than administrative costs.
While the organization shows strong financial practices, no specific information is provided about its overall program effectiveness or impact, which could help potential donors understand the tangible outcomes of their contributions. Overall, Saving Mercy Corporation's robust financial practices and governance measures are noteworthy attributes that enhance its credibility as a nonprofit.
This AI summary has been generated from information found on Charity Navigator.
Is Saving Mercy Corporation legitimate?
Saving Mercy Corporation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Saving Mercy Corporation 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: $62,277
Professional Fundraising Fees: $0
Other Salaries and Wages: $76,724
For more financial information, click here
Official website here: www.savingmercy.org
What is the mission statement of Saving Mercy Corporation?
Saving Mercy Corporation's mission is centered around providing housing and supportive services to at-risk and vulnerable homeless individuals within a faith-based environment. Their primary objective is to offer affordable housing to very low and low-income individuals and families. In 2021, they served approximately 335 individuals, demonstrating their commitment to making a positive impact in the lives of those in need. Their services extend beyond housing, providing essential case management to help these individuals overcome various challenges and reintegrate into society.
Official website here: www.savingmercy.org
Who is the CEO of Saving Mercy Corporation?
Jason Halstead is the Executive Di of Saving Mercy Corporation.
Official website here: www.savingmercy.org
What is the revenue of Saving Mercy Corporation?
Saving Mercy Corporation's revenue in 2021 was $1,228,380.
Official website here: www.savingmercy.org
Who are the executives of Saving Mercy Corporation and what are their salaries?
The average compensation at Saving Mercy Corporation during 2021 was $15,445. There are 9 employees and 15 volunteers at Saving Mercy Corporation.
Here are 17 key members and their salaries:
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Official website here: www.savingmercy.org
Where can I find the form 990 for Saving Mercy Corporation?
Saving Mercy Corporation's most recent form 990 was submitted in 2021 and can be accessed here.
Official website here: www.savingmercy.org
Learn more at the official website: www.savingmercy.org
Mission Statement of Saving Mercy Corporation
Saving Mercy Corporation, a nonprofit organization, is dedicated to providing housing and case management services to at-risk and vulnerable homeless individuals in a faith-based environment. Their primary mission is to offer affordable housing to very low and low-income individuals and families, as stated in 2021, they served approximately 335 individuals. This mission aims to provide a supportive environment that not only offers shelter but also offers case management services to help individuals overcome their challenges and rebuild their lives. By providing housing and case management in a faith-based environment, Saving Mercy Corporation seeks to support and empower those in need, offering them a pathway towards stability and independence.
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Impact
July, 2024
Saving Mercy Corporation's impact is truly profound in the city of Ocala, Florida. By providing housing and case management services to at-risk and vulnerable homeless individuals and families in a faith-based environment, they have served approximately 335 individuals in 2021 alone. Their dedication to offering affordable housing to very low and low-income individuals is making a tangible difference in the lives of those most in need in the community. Through their mission-driven approach, Saving Mercy Corporation is transforming the lives of the homeless population, offering them not just a place to live, but also the support and resources necessary to break the cycle of homelessness.
This information is meant to be a general summary of Saving Mercy Corporation. 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 2021.
- Program Service Revenue: $464,913
- Gross Receipts: $1,290,090
Assets and Liabilities:
- Total Assets: $2,944,313
- Total Liabilities: $891,884
- Net Assets: $2,052,429
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
MOTEL AND RV RENTAL INCOME
Revenue
$464,913
Organization Details
Founding Year
2016
Phone
(352) 629-6902Principal Officer
Jason Halstead
Main Address
PO BOX 771736, OCALA, FL, 34477
Website
www.savingmercy.orgNTEE Category
Code: L41 - Housing
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