Overview
What is Mercy Housing Southwest?
Mercy Housing Southwest is a nonprofit organization based in Denver, Colorado, with a focus on providing affordable housing and essential services to low-income families, seniors, and individuals with special needs. They develop, own, and manage housing properties, offering a safe and affordable living environment to disadvantaged individuals who might struggle to secure housing otherwise. Beyond housing, Mercy Housing Southwest offers a range of programs and services tailored to each community, including after-school programs for children, GED and English courses, employment initiatives, and homeownership seminars. These initiatives aim to enhance the residents' lives and contribute positively to the communities they live in. The services are provided free of charge, covering four main areas: education, community, health and wellness, and economic stability.
Official website here: www.mercyhousing.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: Needs Improvement (66%)
Mercy Housing Southwest has received a Two-Star out of Four Star rating from Charity Navigator, indicating that it has significant room for improvement in its operations. While it excels in accountability and finance, achieving a perfect score of 100%, it lacks independent board members, which may affect governance and oversight. The organization has strong financial practices in some areas, such as a solid program expense ratio of 83.50%, suggesting effective use of funds towards its mission.
However, the organization faces challenges, particularly with its liabilities to assets ratio, which is notably high at 386.97%. This figure raises concerns about financial stability and sustainability. Additionally, although the nonprofit has established various policies like conflict of interest and whistleblower protections, it has not posted its tax forms on its website, which is a key transparency measure.
Overall, while Mercy Housing Southwest demonstrates strengths in program expenses and governance policies, the absence of independent board oversight and significant financial liabilities reflect areas needing attention and improvement for future sustainability and impact.
This AI summary has been generated from information found on Charity Navigator.
Is Mercy Housing Southwest legitimate?
Mercy Housing Southwest is a legitimate nonprofit organization registered as a 501(c)(3) entity. Mercy Housing Southwest 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: $301,323
For more financial information, click here
Official website here: www.mercyhousing.org
What is the mission statement of Mercy Housing Southwest?
Mercy Housing Southwest is committed to facilitating the provision of affordable housing for families, seniors, individuals with special needs, the homeless, and those at risk of becoming homeless. Due to financial constraints, they would otherwise struggle to secure quality and safe housing. Beyond offering housing, Mercy Housing Southwest provides various free programs and services to their residents to enhance their lives and the communities they live in. These programs aim to improve their well-being and community engagement.
Official website here: www.mercyhousing.org
Who is the CEO of Mercy Housing Southwest?
Shelly Marquez is the President of Mercy Housing Southwest.
Official website here: www.mercyhousing.org
What is the revenue of Mercy Housing Southwest?
Mercy Housing Southwest's revenue in 2022 was $748,900.
Official website here: www.mercyhousing.org
Who are the executives of Mercy Housing Southwest and what are their salaries?
Here are 6 key members and their salaries:
- Compensation: $0
- Related: $94,309
- Other: $16,925
- Compensation: $0
- Related: $215,449
- Other: $8,873
- Compensation: $0
- Related: $228,009
- Other: $33,552
- Compensation: $0
- Related: $189,811
- Other: $4,240
- Compensation: $0
- Related: $134,820
- Other: $30,258
- Compensation: $0
- Related: $154,467
- Other: $14,745
Official website here: www.mercyhousing.org
Where can I find the form 990 for Mercy Housing Southwest?
Mercy Housing Southwest'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 Mercy Housing Southwest
Mercy Housing Southwest, as an organization, is committed to a mission that involves the development, ownership, and operation of affordable housing for individuals and families who are economically disadvantaged, such as the elderly, disabled, homeless, and those at risk of becoming homeless. The primary goal of Mercy Housing Southwest is to ensure that these individuals have access to quality, safe housing that they might otherwise be unable to afford.
In addition to providing affordable housing, Mercy Housing Southwest also offers a range of free programs and services to their residents. These initiatives are designed to improve the lives of the residents and the communities in which they live. The programs offered by Mercy Housing Southwest aim to empower and support their residents, helping them to rebuild and maintain stable, fulfilling lives.
In summary, Mercy Housing Southwest's mission is to facilitate the provision of affordable housing for those in need, and to complement this service with a variety of programs and services that aim to improve the lives of their residents and the communities in which they live. By doing so, Mercy Housing Southwest is able to directly contribute to the well-being and stability of some of the most vulnerable members of society.
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Impact
July, 2024
Mercy Housing Southwest directly facilitates the provision of affordable housing to families, seniors, people with special needs, homeless, and potentially homeless individuals who lack the financial resources to obtain quality, safe housing. Additionally, they provide free programs and services to residents of their affordable housing projects aimed at improving their lives and the communities in which they live. Their residents benefit from tailored resident services and programs in areas such as education, community engagement, health and wellness, and economic stability.
This information is meant to be a general summary of Mercy Housing Southwest. 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.
- Program Service Revenue: $53,045
- Gross Receipts: $748,900
Assets and Liabilities:
- Total Assets: $1,320,196
- Total Liabilities: $5,108,813
- Net Assets: -$3,788,617
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
SERVICE FEES
Revenue
$53,045
Organization Details
Founding Year
1993
Phone
(303) 830-3300Principal Officer
Shelly Marquez
Main Address
1600 BROADWAY SUITE 2000, DENVER, CO, 802025704
Website
www.mercyhousing.orgNTEE Category
Code: L19 - Housing
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