Overview
What is Mercy Housing Management Group?
The Mercy Housing Management Group, located in Denver, Colorado, is a nonprofit organization devoted to property management services. They specialize in managing multifamily affordable housing units for low-income families, seniors, disabled individuals, homeless people, and other disadvantaged groups. Their mission is to provide quality, safe housing opportunities for these communities, improving their economic status, transforming neighborhoods, and stabilizing lives. With a team of employees, including property managers, resident services staff, and maintenance workers, Mercy Housing Management Group ensures compliance with all applicable local, state, and federal laws and regulations regarding rental housing. Their services focus on maintaining safe and sanitary living conditions, keeping physical buildings in good condition, and addressing any problems or living space needs reported by residents.
Official website here: www.mercyhousing.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: Needs Improvement - Two-Star out of Four Stars
Mercy Housing Management Group has received a two-star rating from Charity Navigator, indicating a need for improvement in its financial and governance practices. The organization scored 66% overall, with specific concerns noted regarding the lack of independent board members, which significantly impacted their accountability score. Despite this, Mercy Housing demonstrated strong financial oversight and effective program expenditure by allocating 92.24% of its resources directly to programs.
While the organization has established solid governance policies, including a conflict of interest and whistleblower policy, their transparency is hindered by the absence of their tax form on their website. This lack of transparency, coupled with a concerning liabilities to assets ratio of 102.90%, raises questions about their financial stability and sustainability.
Overall, while Mercy Housing shows commendable dedication to its mission through high program expenses, it will need to address its governance structure and financial transparency to improve its standing and demonstrate a stronger commitment to accountability.
This AI summary has been generated from information found on Charity Navigator.
Is Mercy Housing Management Group legitimate?
Mercy Housing Management Group is a legitimate nonprofit organization registered as a 501(c)(3) entity. Mercy Housing Management Group 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: $11,071,474
For more financial information, click here
Official website here: www.mercyhousing.org
What is the mission statement of Mercy Housing Management Group?
The Mercy Housing Management Group focuses on providing property management services for residences catering to families, seniors, and individuals with special needs who struggle economically and cannot access quality, safe housing opportunities. The organization's mission is to enhance the living conditions of these residents and transform neighborhoods, thereby improving their economic status and stabilizing their lives. Mercy Housing Management Group oversees property managers, resident services staff, maintenance personnel, and other employees to ensure residents live in a safe and enhanced environment.
Official website here: www.mercyhousing.org
What is the revenue of Mercy Housing Management Group?
Mercy Housing Management Group's revenue in 2023 was $22,613,671.
Official website here: www.mercyhousing.org
Who are the executives of Mercy Housing Management Group and what are their salaries?
The average compensation at Mercy Housing Management Group during 2023 was $7,318. There are 1513 employees at Mercy Housing Management Group.
Here are 11 key members and their salaries:
- Compensation: $0
- Related: $84,979
- Other: $13,324
- Compensation: $0
- Related: $222,348
- Other: $10,201
- Compensation: $0
- Related: $144,044
- Other: $28,632
- Compensation: $0
- Related: $265,721
- Other: $33,798
- Compensation: $0
- Related: $120,093
- Other: $23,055
- Compensation: $0
- Related: $192,189
- Other: $8,496
- Compensation: $360,513
- Related: $0
- Other: $42,252
- Compensation: $278,495
- Related: $0
- Other: $23,994
- Compensation: $260,324
- Related: $0
- Other: $28,654
- Compensation: $233,460
- Related: $0
- Other: $16,082
- Compensation: $200,153
- Related: $0
- Other: $17,827
Official website here: www.mercyhousing.org
Where can I find the form 990 for Mercy Housing Management Group?
Mercy Housing Management Group's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.mercyhousing.org
Learn more at the official website: www.mercyhousing.org
Mission Statement of Mercy Housing Management Group
Mercy Housing Management Group, a renowned nonprofit organization, is committed to providing property management services for properties that cater to families, seniors, and individuals with special needs who struggle to access safe and quality affordable housing. This mission extends to serving the economically disadvantaged, including low-income families, the elderly, the disabled, the homeless, and other vulnerable populations.
Mercy Housing Management Group takes pride in its role of overseeing the property managers, resident services staff, maintenance teams, and other employees who ensure residents live in an environment that enhances their economic status and transforms neighborhoods. Through diligent property management, Mercy Housing Management Group strives to create stable living situations for its residents, providing them with a foundation for a better future.
The organization's dedication to its mission is evident in the way it manages various aspects of the housing units. From ensuring residents' needs are met through the provision of essential services and resources, to maintaining the properties in a safe and livable condition, Mercy Housing Management Group makes a significant impact in the lives of those it serves. By facilitating access to quality housing opportunities, Mercy Housing Management Group is instrumental in breaking the cycle of poverty and improving the overall wellbeing of its residents.
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Impact
October, 2024
Mercy Housing Management Group plays a vital role in enhancing the quality of life for low-income families, the elderly, and individuals with disabilities or those experiencing homelessness. By providing property management services for multifamily affordable housing units, it ensures safe and sanitary living conditions that are critical for residents who often lack the economic means to secure quality housing.
The organization’s activities include rigorous maintenance, oversight of physical buildings, and ensuring compliance with relevant housing laws and regulations. These efforts contribute to maintaining a stable and supportive environment for residents, allowing them to focus on improving their economic status and overall well-being.
Furthermore, by facilitating direct communication with residents, Mercy Housing Management Group addresses living space needs and concerns, fostering a sense of community. The comprehensive support provided by their property managers and resident services staff helps to transform neighborhoods, creating a positive impact that extends beyond individual properties. Ultimately, the work of Mercy Housing Management Group stabilizes lives and contributes to the broader goal of affordable housing accessibility.
This information is meant to be a general summary of Mercy Housing Management Group. 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 2023.
- Program Service Revenue: $21,573,803
- Gross Receipts: $22,613,671
Assets and Liabilities:
- Total Assets: $101,773,330
- Total Liabilities: $104,733,517
- Net Assets: -$2,960,187
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
SERVICE FEES
Revenue
$20,761,585
COMPLIANCE FEES
Revenue
$812,218
Organization Details
Founding Year
1983
Principal Officer
Cheryll O'Bryan
Website
www.mercyhousing.orgNTEE Category
Code: P85B - Human services
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