Overview
What is Padre Apartments Community?
Padre Apartments Community is a nonprofit public benefit organization, originally established in February 1996 in San Francisco, California. Their primary objective is to provide housing services for low-income and homeless individuals, as well as those who are potentially homeless or disadvantaged. They achieve this by operating housing facilities and offering educational and supportive services. Initially, they developed and operated a 41-unit apartment complex named Padre Apartments, commencing operations in March 2001. The organization is based in San Francisco, California.
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)
Padre Apartments Community has received a solid Three-Star rating from Charity Navigator, reflecting an overall score of 81%, which is primarily based on Accountability & Finance. This rating indicates that the organization demonstrates a commitment to transparency and responsible financial management, which is essential for building trust with donors and stakeholders.
The nonprofit has excelled in several key areas, achieving full points in financial oversight, including a comprehensive audit and a robust conflict of interest and whistleblower policy. Additionally, the organization maintains a strong program expense ratio of 91.39%, suggesting that a significant majority of its funds are directed towards its programs and services, rather than administrative costs.
However, while the financial indicators are strong, the rating is solely based on financial accountability, leaving out other potential areas of performance such as program impact and community engagement. Future evaluations may benefit from a more holistic approach that includes these additional dimensions of effectiveness.
This AI summary has been generated from information found on Charity Navigator.
Is Padre Apartments Community legitimate?
Padre Apartments Community is a legitimate nonprofit organization registered as a 501(c)(3) entity. Padre Apartments Community 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: $96,924
For more financial information, click here
Official website here: www.mercyhousing.org
What is the mission statement of Padre Apartments Community?
The Padre Apartments Community, as a nonprofit organization, is dedicated to providing housing services for individuals from low-income backgrounds and those who are homeless or otherwise disadvantaged. Their primary purpose is to ensure these individuals have access to suitable housing facilities, alongside educational and supportive services. The organization aims to empower and assist these individuals, potentially preventing homelessness for some, thereby improving their overall quality of life.
Official website here: www.mercyhousing.org
Who is the CEO of Padre Apartments Community?
Doug Shoemaker is the President/Director of Padre Apartments Community.
Official website here: www.mercyhousing.org
What is the revenue of Padre Apartments Community?
Padre Apartments Community's revenue in 2022 was $889,021.
Official website here: www.mercyhousing.org
Who are the executives of Padre Apartments Community 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: $228,009
- Other: $33,552
- 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: $169,136
- Other: $31,795
- Compensation: $0
- Related: $215,449
- Other: $8,873
- Compensation: $0
- Related: $189,462
- Other: $7,937
- Compensation: $0
- Related: $198,100
- Other: $21,341
- 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 Padre Apartments Community?
Padre Apartments Community'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 Padre Apartments Community
Padre Apartments Community, a nonprofit organization, is dedicated to providing housing services for individuals who are economically disadvantaged or homeless. Their primary mission is to offer suitable living accommodations, along with educational and supportive services, to those in need. The organization aims to assist potentially homeless individuals and other disadvantaged people, providing them with a secure and nurturing environment. By offering housing facilities and additional support, Padre Apartments Community aims to help these individuals regain stability and independence, ultimately improving their overall quality of life.
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Impact
July, 2024
Padre Apartments Community in Denver, CO, has a significant impact on the community by providing crucial housing services for low-income and homeless individuals. This nonprofit organization operates a 41-unit apartment complex, known as Padre Apartments, since March 2001. Their mission to offer housing facilities along with educational and supportive services makes a tangible difference in the lives of those who are potentially homeless or otherwise disadvantaged. Padre Apartments Community's dedication to addressing the housing needs of vulnerable populations contributes to creating a more stable and supportive environment for individuals facing housing insecurity.
This information is meant to be a general summary of Padre Apartments Community. 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: -$17,627
- Program Service Revenue: $197,214
- Gross Receipts: $914,319
Assets and Liabilities:
- Total Assets: $2,502,480
- Total Liabilities: $921,978
- Net Assets: $1,580,502
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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
$195,232
ANCILLARY SERVICES
Revenue
$1,748
OTHER REVENUE
Revenue
$234
Organization Details
Founding Year
1996
Phone
(303) 830-3300Principal Officer
Doug Shoemaker
Main Address
1600 BROADWAY SUITE 2000, DENVER, CO, 802025704
Website
www.mercyhousing.orgNTEE Category
Code: L41 - Housing
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