Overview
What is Russell Manor?
Russell Manor is a nonprofit organization, established in 1996 as a California-based corporation with a primary mission to construct and manage a rental housing project. This project, named Russell Manor Apartments, is situated in Sacramento, California, and falls under Section 202 of the National Housing Act. Regulated by HUD, the project provides affordable housing for elderly and/or handicapped individuals, currently operating with 66 units. The organization's primary activity involves owning and operating this low-income housing complex.
Official website here: www.mercyhousing.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 78% (Three-Star out of Four Star rating)
Russell Manor has earned a solid Three-Star rating from Charity Navigator, indicating a decent level of accountability and financial management. The organization's overall score of 78% is derived entirely from its Accountability & Finance beacon, demonstrating a strong commitment to transparency and responsible financial practices. The rating reflects noteworthy performance in areas such as audit oversight, conflict of interest policy, and document retention, all scoring full points.
The financial health of Russell Manor appears stable, with a program expense ratio of 97.41%, indicating that a significant majority of its expenses are allocated directly to its programs. Additionally, the charity has no reported material diversion of assets, showcasing integrity in its operations. The liabilities to assets ratio stands at 53.41%, suggesting a manageable level of debt relative to its assets, though there is room for improvement in this area.
While Russell Manor demonstrates strength in governance and fiscal responsibility, potential donors may want to keep an eye on its liabilities and explore how the organization might enhance its financial sustainability in the long term. Overall, the positive assessment from Charity Navigator reinforces the charity's reputation as a responsible nonprofit, making it a potential candidate for support.
This AI summary has been generated from information found on Charity Navigator.
Is Russell Manor legitimate?
Russell Manor is a legitimate nonprofit organization registered as a 501(c)(3) entity. Russell Manor 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: $161,147
For more financial information, click here
Official website here: www.mercyhousing.org
What is the mission statement of Russell Manor?
Russell Manor's mission is centered around owning and operating a 66-unit low-income housing project, primarily catering to elderly and handicapped individuals. Established as a non-profit corporation in 1996, the project adheres to Section 202 of the National Housing Act, regulated by HUD for rental charges and operational methods. The project, currently named Russell Manor Apartments, is situated in California and provides affordable housing solutions for its residents.
Official website here: www.mercyhousing.org
Who is the CEO of Russell Manor?
Doug Shoemaker is the President/Director of Russell Manor.
Official website here: www.mercyhousing.org
What is the revenue of Russell Manor?
Russell Manor's revenue in 2022 was $544,621.
Official website here: www.mercyhousing.org
Who are the executives of Russell Manor and what are their salaries?
Here are 15 key members and their salaries:
- Compensation: $0
- Related: $151,225
- Other: $7,573
- Compensation: $0
- Related: $304,832
- Other: $28,064
- Compensation: $0
- Related: $169,136
- Other: $31,795
- Compensation: $0
- Related: $215,449
- Other: $8,873
- Compensation: $0
- Related: $189,462
- Other: $7,937
- Compensation: $0
- Related: $228,009
- Other: $33,552
- Compensation: $0
- Related: $198,100
- Other: $21,341
- Compensation: $0
- Related: $157,372
- Other: $10,314
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $94,309
- Other: $16,925
- Compensation: $0
- Related: $189,811
- Other: $4,240
- Compensation: $0
- Related: $256,515
- Other: $45,801
- Compensation: $0
- Related: $143,251
- Other: $38,467
- Compensation: $0
- Related: $164,838
- Other: $15,948
- Compensation: $0
- Related: $161,460
- Other: $35,386
Official website here: www.mercyhousing.org
Where can I find the form 990 for Russell Manor?
Russell Manor'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 Russell Manor
Russell Manor, established as a California nonprofit corporation in 1996, is dedicated to providing housing for elderly and handicapped individuals. The organization operates a 66-unit low-income housing project, known as Russell Manor Apartments, which is located in Sacramento, California. This project is regulated by the U.S. Department of Housing and Urban Development (HUD), ensuring that rent charges and operating methods adhere to specific guidelines. Russell Manor's primary mission is to offer a secure living environment for individuals who require additional support due to their age or disability, thereby enhancing their quality of life.
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Impact
July, 2024
Russell Manor's impact lies in providing essential housing to elderly and/or handicapped individuals in Sacramento, California. By owning and operating a 66-unit low-income housing project, Russell Manor Apartments plays a crucial role in addressing the housing needs of a vulnerable population. The organization's mission to offer affordable and accessible housing contributes to enhancing the quality of life for its residents and serves as a vital support system for those in need.
This information is meant to be a general summary of Russell Manor. 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: $4,016
- Program Service Revenue: $245,438
- Gross Receipts: $544,621
Assets and Liabilities:
- Total Assets: $1,514,991
- Total Liabilities: $809,248
- Net Assets: $705,743
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RENTAL INCOME
Revenue
$241,738
ANCILLARY SERVICES
Revenue
$2,414
OTHER REVENUE
Revenue
$1,286
Organization Details
Founding Year
1995
Phone
(303) 830-3300Principal Officer
Doug Shoemaker
Main Address
1600 BROADWAY SUITE 2000, DENVER, CO, 802025704
Website
www.mercyhousing.orgNTEE Category
Code: L80 - Housing
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