Overview
What is Decatur Place?
Decatur Place is a nonprofit organization situated in Denver, Colorado, specifically at 1600 Broadway Suite 2000. Its primary mission is to offer affordable housing for low-income single-parent families. Beyond providing a place to live, Decatur Place offers additional support services, such as counseling, case management, education, and life-skills training, for a maximum duration of two years. This comprehensive approach aims to assist these families in overcoming challenges and improving their overall well-being. The organization's goal is to provide a supportive environment that allows families to transition towards self-sufficiency and independence.
Official website here: www.mercyhousing.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 66% (Two-Star out of Four Stars)
Decatur Place has received a Two-Star rating from Charity Navigator, indicating concerns regarding its accountability and financial practices. The organization demonstrates a strong commitment to transparency in certain areas, such as having an Audit and Oversight Committee and industry-standard policies regarding conflicts of interest and whistleblowing. However, it lacks independent board members, which raises questions about governance and oversight.
Despite the organization's high program expense ratio of 97.33%, reflecting a significant portion of its budget directed towards programs, its liabilities to assets ratio of 86.12% is concerning and reflects a potential risk in financial stability. Additionally, the nonprofit does not have its tax forms available on its website, which detracts from its overall transparency.
Overall, while Decatur Place shows strengths in its operational practices and program commitment, the lack of independent board oversight and high liabilities relative to assets call for improvements in governance and financial health.
This AI summary has been generated from information found on Charity Navigator.
Is Decatur Place legitimate?
Decatur Place is a legitimate nonprofit organization registered as a 501(c)(3) entity. Decatur Place 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: $196,331
For more financial information, click here
Official website here: www.mercyhousing.org
What is the mission statement of Decatur Place?
Decatur Place is an organization committed to providing affordable housing for low-income single-parent families. Established with this purpose in mind, Decatur Place operates a 106-unit apartment project, known as Decatur, located in an undisclosed location. This project serves as transitional housing for families in need, offering them a home and additional services such as counseling, case management, education, and life-skills training for a maximum period of two years. The organization's primary objective is to support these families during their journey towards self-sufficiency and stability.
Official website here: www.mercyhousing.org
Who is the CEO of Decatur Place?
Melissa Clayton is the Vice President/Director of Decatur Place.
Official website here: www.mercyhousing.org
What is the revenue of Decatur Place?
Decatur Place's revenue in 2022 was $2,007,888.
Official website here: www.mercyhousing.org
Who are the executives of Decatur Place and what are their salaries?
Here are 7 key members and their salaries:
- Compensation: $0
- Related: $94,309
- Other: $16,925
- Compensation: $0
- Related: $215,449
- Other: $8,873
- Compensation: $0
- Related: $134,820
- Other: $30,258
- Compensation: $0
- Related: $228,009
- Other: $33,552
- Compensation: $0
- Related: $192,019
- Other: $31,505
- Compensation: $0
- Related: $189,811
- Other: $4,240
- Compensation: $0
- Related: $154,467
- Other: $14,745
Official website here: www.mercyhousing.org
Where can I find the form 990 for Decatur Place?
Decatur Place'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 Decatur Place
Decatur Place, a nonprofit organization, is committed to providing affordable housing for low-income single-parent families. Established with the intention of owning and operating a 106-unit apartment project known as Decatur, located in Denver, Colorado, this organization offers transitional housing to families in need. The project serves as a refuge for single parents, offering them a home along with essential services such as counseling, case management, education, and life-skills training. Decatur Place provides these resources for a maximum period of two years, aiming to empower and support these families in their journey towards self-sufficiency.
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Impact
July, 2024
Decatur Place's impact lies in providing essential support and affordable housing to low-income single-parent families in need. By owning and operating a 106-unit apartment project in Denver, Colorado, Decatur Place offers transitional housing along with counseling, case management, education, and life-skills training for up to two years. This initiative not only addresses the immediate housing needs of these families but also empowers them with tools and resources to improve their long-term stability and prospects. In essence, Decatur Place plays a vital role in tackling housing insecurity and supporting the well-being of vulnerable households in Denver.
This information is meant to be a general summary of Decatur Place. 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: -$9,711
- Program Service Revenue: $536,549
- Gross Receipts: $2,019,200
Assets and Liabilities:
- Total Assets: $5,437,791
- Total Liabilities: $4,683,035
- Net Assets: $754,756
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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
$412,583
OTHER REVENUE
Revenue
$108,707
ANCILLARY SERVICES
Revenue
$15,259
Organization Details
Founding Year
1986
Phone
(303) 830-3300Principal Officer
Melissa Clayton
Main Address
1600 BROADWAY SUITE 2000, DENVER, CO, 802025704
Website
www.mercyhousing.orgNTEE Category
Code: L21 - Housing
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