Overview
What is Rocky Mountain Mutual Housing Association Inc?
Rocky Mountain Mutual Housing Association Inc, a Denver, Colorado-based nonprofit, manages and operates eight income-restricted properties. They invest in affordable housing and provide essential services to their residents, empowering individuals and families to thrive. Their mission encompasses community development through resident-focused affordable housing and programs. They offer afterschool and summer enrichment programs, as well as initiatives for senior residents, at certain properties. With a workforce of 111 employees, Rocky Mountain Communities is committed to building brighter futures and improving the lives of those they serve.
Official website here: www.rockymountaincommunities.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 81%
Rocky Mountain Mutual Housing Association Inc has received an 81% score from Charity Navigator, indicating a Three-Star out of Four Star rating. This score reflects a strong emphasis on accountability and finance, which plays a crucial role in assessing the nonprofit’s overall effectiveness and governance. The organization demonstrates robust financial practices, with a high program expense ratio of 92.41%, showing that the majority of its funds are directed toward its mission-driven programs.
The organization benefits from excellent governance with a fully independent board of directors, and it has achieved perfect scores in various accountability criteria such as material diversion of assets and the presence of governance policies. These strengths contribute to a transparent and ethical operational framework, enhancing trust among stakeholders and supporters.
Despite these positive aspects, the rating is solely based on one beacon score, which may limit the comprehensive evaluation of the nonprofit’s overall impact and effectiveness. While the financial accountability is commendable, potential donors and partners may also want to consider other factors such as program outcomes and community impact for a more rounded understanding of the organization’s performance.
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: $3,766,315
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 Rocky Mountain Mutual Housing Association Inc is dedicated to constructing brighter futures by investing in affordable housing and resident services. Their mission is to empower individuals and families to thrive. Through managing and operating eight income-restricted properties, they offer a range of programs and services. These include summer enrichment and afterschool programs, as well as initiatives tailored to senior residents. Their goal is to create an environment that fosters personal growth and community development.
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 $17,498,353.
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 $41,334. 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: $175,044
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- Other: $21,228
- Compensation: $195,006
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- Other: $17,112
- Compensation: $100,999
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- Other: $8,652
- Compensation: $112,306
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- Compensation: $105,234
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- Compensation: $100,871
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- Other: $5,709
- 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, a nonprofit organization, is dedicated to building brighter futures by investing in affordable housing and services that empower individuals and families to thrive. This mission is accomplished through the management and operation of eight income-restricted properties. At four of these properties, additional programs and services are provided to enhance the community experience.
Summer enrichment and after-school programs are among the offerings that cater to younger residents, ensuring they have access to educational and recreational opportunities outside of the classroom. Senior residents also benefit from targeted programs tailored to their unique needs, promoting an inclusive living environment that supports all generations. By providing these essential resources, Rocky Mountain Communities fosters a vibrant, self-sufficient community where residents are encouraged to reach their full potential.
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Impact
October, 2024
Rocky Mountain Mutual Housing Association Inc significantly contributes to the community by focusing on resident-centered affordable housing and services. By managing and operating eight income-restricted properties, the organization plays a pivotal role in alleviating housing insecurity and providing stability for individuals and families.
In addition to housing, it enhances residents' quality of life through various programs, such as summer enrichment and afterschool initiatives, which support children's education and development. It also offers tailored programs for senior residents, ensuring they remain engaged and supported within the community. Overall, Rocky Mountain Communities is dedicated to empowering individuals and families, fostering their growth and resilience, and building a foundation for brighter futures.
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: $410,082
- Program Service Revenue: $16,343,659
- Gross Receipts: $17,498,353
Assets and Liabilities:
- Total Assets: $103,404,785
- Total Liabilities: $96,354,719
- Net Assets: $7,050,066
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RENTAL INCOME
Revenue
$15,945,952
DEVELOPER FEE REVENUE
Revenue
$282,684
PROPERTY MANAGEMENT FEES
Revenue
$115,023
Organization Details
Founding Year
1992
Principal Officer
Karrie Simmons
NTEE Category
Code: L210 - Housing
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