Overview
What is Mercy Properties I Inc?
Mercy Properties I Inc is a nonprofit organization situated in Denver, Colorado. Their primary mission is to support low-income families, the elderly, individuals with disabilities, homeless persons, and other disadvantaged groups by managing and directing housing projects and offering essential services. By facilitating the formation of organizations, Mercy Properties I Inc aims to create stable, thriving, and healthy communities by developing, financing, and operating affordable, program-enriched housing opportunities for families, seniors, and people with special needs who struggle to secure quality, safe housing due to financial limitations.
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, 66%)
Mercy Properties I Inc has received a Two-Star rating from Charity Navigator, indicating a need for improvement in some areas of accountability and finance. The organization’s overall score of 66% reflects strengths in areas such as the absence of material diversion of assets and a strong program expense ratio at 99.64%, signaling effective use of funds towards its mission.
However, significant weaknesses were noted, particularly in board independence, with 0% of board members being independent. This raises concerns about governance and oversight. Additionally, the organization has a high liabilities to assets ratio of 292.44%, which may indicate financial instability. While policies for conflict of interest and whistleblower protection are in place, the absence of the tax form on its website is a notable gap.
In summary, while Mercy Properties I Inc demonstrates effective program expenditure and sound governance policies, the lack of independent board members and concerning financial ratios are areas that warrant attention to enhance the organization's overall accountability and transparency.
This AI summary has been generated from information found on Charity Navigator.
Is Mercy Properties I Inc legitimate?
Mercy Properties I Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Mercy Properties I Inc 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: $0
For more financial information, click here
Official website here: www.mercyhousing.org
What is the mission statement of Mercy Properties I Inc?
Mercy Properties I Inc's mission is centered around facilitating the establishment of organizations that offer housing and supportive services to disadvantaged individuals, including the elderly, handicapped, low-income, and homeless populations. The primary goal of Mercy Properties I Inc is to manage or direct entities with the purpose of creating stable, thriving, and healthy communities by developing, financing, and operating affordable, program-enriched housing for families, seniors, and individuals with special needs. These individuals often lack the necessary economic resources to access quality, safe housing opportunities.
Official website here: www.mercyhousing.org
What is the revenue of Mercy Properties I Inc?
Mercy Properties I Inc's revenue in 2023 was $926,548.
Official website here: www.mercyhousing.org
Who are the executives of Mercy Properties I Inc and what are their salaries?
Here are 9 key members and their salaries:
- Compensation: $0
- Related: $84,979
- Other: $13,324
- Compensation: $0
- Related: $144,044
- Other: $28,632
- Compensation: $0
- Related: $265,722
- Other: $33,798
- Compensation: $0
- Related: $243,733
- Other: $25,412
- Compensation: $0
- Related: $192,189
- Other: $8,496
- Compensation: $0
- Related: $96,015
- Other: $22,735
- Compensation: $0
- Related: $114,713
- Other: $9,802
- Compensation: $0
- Related: $222,348
- Other: $10,201
- Compensation: $0
- Related: $152,862
- Other: $34,402
Official website here: www.mercyhousing.org
Where can I find the form 990 for Mercy Properties I Inc?
Mercy Properties I Inc'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 Properties I Inc
Mercy Properties I Inc, as a mission-driven organization, is dedicated to facilitating the formation of entities that provide housing and supportive services to individuals who are elderly, disabled, low-income, homeless, and otherwise disadvantaged. The primary objective of Mercy Properties I Inc is to manage or direct these entities, with the ultimate goal of creating stable, vibrant, and healthy communities. By developing, financing, and operating affordable, program-enriched housing, Mercy Properties I Inc aims to provide quality, safe housing opportunities for families, seniors, and people with special needs who lack the necessary economic resources. The organization's mission is to contribute to the betterment of these communities, ensuring that individuals in need have access to stable and supportive living environments.
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Impact
July, 2024
Mercy Properties I Inc plays a crucial role in facilitating the formation of organizations that provide housing and supportive services to a variety of disadvantaged groups, including the elderly, handicapped, low-income, homeless individuals, and others in need. The organization manages and directs low and moderate-income housing projects while also offering supportive services to ensure that these vulnerable populations have access to safe and affordable housing options. By focusing on creating stable, vibrant, and healthy communities through the development, financing, and operation of affordable housing, Mercy Properties I Inc directly impacts the lives of families, seniors, and individuals with special needs who may otherwise struggle to access quality housing opportunities.
This information is meant to be a general summary of Mercy Properties I Inc. 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: $334,793
- Gross Receipts: $926,548
Assets and Liabilities:
- Total Assets: $829,634
- Total Liabilities: $2,426,231
- Net Assets: -$1,596,597
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
SERVICE FEES
Revenue
$300,975
INTEREST ON NOTES RECEIVABLE
Revenue
$33,818
Organization Details
Founding Year
1991
Principal Officer
Shelly Marquez
Website
www.mercyhousing.orgNTEE Category
Code: L800 - Housing
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