Overview
What is Rocky Mountain Mutual Housing Association Inc?
Rocky Mountain Mutual Housing Association Inc, based in Denver, Colorado, is a dedicated nonprofit organization that focuses on affordable housing and community support. With a team of 111 employees, they manage and operate eight income-restricted properties. Their mission is to foster brighter futures by investing in resident-focused affordable housing and services, empowering individuals and families to thrive. They offer a range of programs and services at four of these properties, such as summer enrichment and after-school programs for children and activities for senior residents. Their commitment extends beyond providing shelter, aiming to positively impact the lives of the residents they serve.
Official website here: www.rockymountaincommunities.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 77% (Three-Star out of Four Star rating)
Rocky Mountain Mutual Housing Association Inc has received a Three-Star rating from Charity Navigator, reflecting a moderate level of accountability and financial health. The score is derived entirely from the Accountability & Finance beacon, where the organization displayed strong governance practices, including a fully independent board and comprehensive financial oversight mechanisms.
The nonprofit excels in various governance categories, scoring perfectly on aspects like material diversion of assets, documentation policies, and board meeting minutes. However, its program expense ratio is relatively low at 54.79%, which indicates that less than half of its spending is directed towards programs. This may raise questions about the efficiency of resource allocation towards its mission-related activities.
Overall, while the organization demonstrates robust governance and financial accountability, the lower program expense ratio may suggest room for improvement in maximizing funds for direct program impact. Potential donors and supporters may want to consider these factors when evaluating the nonprofit's effectiveness.
This AI summary has been generated from information found on Charity Navigator.
Is Rocky Mountain Mutual Housing Association Inc legitimate?
Rocky Mountain Mutual Housing Association Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Rocky Mountain Mutual Housing Association 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: $408,390
Professional Fundraising Fees: $0
Other Salaries and Wages: $1,984,953
For more financial information, click here
Official website here: www.rockymountaincommunities.org
What is the mission statement of Rocky Mountain Mutual Housing Association Inc?
The mission of Rocky Mountain Mutual Housing Association Inc, as stated, is to construct a brighter future for individuals and families by investing in affordable housing and related services. This approach aims to empower residents, enabling them to thrive and lead fulfilling lives. The organization manages and operates eight income-restricted properties, providing various programs and services at four of these properties. These include summer enrichment programs for children, after-school activities, and services specifically designed for senior residents.
Official website here: www.rockymountaincommunities.org
Who is the CEO of Rocky Mountain Mutual Housing Association Inc?
Mark Marshall is the CEO of Rocky Mountain Mutual Housing Association Inc The CEO's salary of Rocky Mountain Mutual Housing Association Inc is $175,044 and their total compensation is $196,272.
Official website here: www.rockymountaincommunities.org
What is the revenue of Rocky Mountain Mutual Housing Association Inc?
Rocky Mountain Mutual Housing Association Inc's revenue in 2023 was $2,609,294.
Official website here: www.rockymountaincommunities.org
Who are the executives of Rocky Mountain Mutual Housing Association Inc and what are their salaries?
The average compensation at Rocky Mountain Mutual Housing Association Inc during 2023 was $23,696. There are 101 employees and 10 volunteers at Rocky Mountain Mutual Housing Association Inc.
Here are 17 key members and their salaries (Rocky Mountain Mutual Housing Association Inc's CEO's salary is $175,044 and their total compensation is $196,272):
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- Compensation: $195,006
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- Other: $17,112
- Compensation: $175,044
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- Other: $21,228
- Compensation: $100,999
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- Other: $8,652
- Compensation: $100,871
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- Compensation: $112,306
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- Other: $10,162
- Compensation: $105,234
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- Other: $10,201
- Compensation: $179,966
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- Other: $22,116
Official website here: www.rockymountaincommunities.org
Where can I find the form 990 for Rocky Mountain Mutual Housing Association Inc?
Rocky Mountain Mutual Housing Association Inc's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.rockymountaincommunities.org
Learn more at the official website: www.rockymountaincommunities.org
Mission Statement of Rocky Mountain Mutual Housing Association Inc
Rocky Mountain Communities, shortened as Rocky Mountain Mutual Housing Association Inc, is an organization dedicated to constructing a brighter future for its residents. Their mission is to achieve this by investing in affordable housing and related services, thereby empowering individuals and families to flourish and thrive. By focusing on resident-oriented affordable housing and services, Rocky Mountain Communities aims to foster a sense of growth and improvement within its community members.
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Impact
July, 2024
Rocky Mountain Mutual Housing Association Inc, operating under the mission to build brighter futures through affordable housing and services, has had a significant impact in Denver, Colorado. Managing and operating eight income-restricted properties, the organization has provided essential programs and services at four properties. These include summer enrichment and afterschool programs for youth, as well as specialized programs for senior residents. By investing in resident-focused affordable housing and empowering individuals and families to thrive, Rocky Mountain Mutual Housing Association Inc has played a vital role in creating a supportive and thriving community in Denver.
This information is meant to be a general summary of Rocky Mountain Mutual Housing Association 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.
- Investment Income: $143,730
- Program Service Revenue: $1,892,679
- Gross Receipts: $2,761,166
Assets and Liabilities:
- Total Assets: $15,334,959
- Total Liabilities: $3,843,407
- Net Assets: $11,491,552
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
PROPERTY MANAGEMANT FEE
Revenue
$1,476,975
DEVELOPMENT FEES
Revenue
$415,704
Organization Details
Founding Year
1992
Principal Officer
Karrie Simmons
NTEE Category
Code: L210 - Housing
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