Overview
What is Mercy Housing Calwest?
Mercy Housing Calwest is a Denver-based nonprofit organization dedicated to managing and directing low-income housing and providing essential services to disadvantaged groups, including families, elderly, handicapped, homeless, potentially homeless, and other vulnerable individuals. Through limited partnerships, they invest in housing and supportive services for low-income and homeless populations in accordance with their tax-exempt purpose. Most disbursements are made during the active conduct of their programs, while others are subject to the organization's board-established conditions to ensure qualified recipients receive the funds.
Official website here: www.mercyhousing.org
What are the reviews and ratings of this charity?
Rating from Charity Navigator: Zero-Star out of Four Star rating (44%).
Mercy Housing Calwest has received a low score of 44%, indicating significant concerns regarding its accountability and financial management. The charity has no independent board members, which raises questions about governance and the potential for conflicts of interest. While there are positive aspects such as the presence of policies related to whistleblower protections and conflict of interest, the overall lack of independent oversight is a critical weakness.
In terms of financial health, the organization has a concerning liabilities-to-assets ratio of 122.13%, suggesting it may be financially precarious. The program expense ratio at 52.36% also indicates that a sizable portion of funds may not be directed towards program services, which can impact the charity's effectiveness in fulfilling its mission. High salaries for key personnel further complicate the perception of fiscal responsibility.
Overall, the Zero-Star rating reflects serious deficiencies in financial practices and governance. Potential donors and supporters may want to carefully consider these factors before engaging with Mercy Housing Calwest, as the organization has not demonstrated a strong commitment to accountability and efficiency in its operations.
This AI summary has been generated from information found on Charity Navigator.
Is Mercy Housing Calwest legitimate?
Mercy Housing Calwest is a legitimate nonprofit organization registered as a 501(c)(3) entity. Mercy Housing Calwest 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: $553,662
For more financial information, click here
Official website here: www.mercyhousing.org
What is the mission statement of Mercy Housing Calwest?
Mercy Housing Calwest is dedicated to managing and directing low-income housing and providing essential services to disadvantaged individuals, including families, the elderly, disabled, homeless, and potentially homeless. Their mission is to invest in partnerships that offer low-income housing and supportive services to those in need, adhering to their exempt purpose. The majority of disbursements made in furtherance of their programs are conducted actively through the management of these housing and services. The organization's board of directors sets procedures and conditions to ensure that only qualified recipients receive disbursements.
Official website here: www.mercyhousing.org
Who is the CEO of Mercy Housing Calwest?
Doug Shoemaker is the President/Director of Mercy Housing Calwest.
Official website here: www.mercyhousing.org
What is the revenue of Mercy Housing Calwest?
Mercy Housing Calwest's revenue in 2022 was $23,350,030.
Official website here: www.mercyhousing.org
Who are the executives of Mercy Housing Calwest 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: $228,009
- Other: $33,552
- 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: $169,136
- Other: $31,795
- Compensation: $0
- Related: $215,449
- Other: $8,873
- Compensation: $0
- Related: $189,462
- Other: $7,937
- Compensation: $0
- Related: $198,100
- Other: $21,341
- 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 Mercy Housing Calwest?
Mercy Housing Calwest'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 Calwest
Mercy Housing Calwest is a dedicated organization that focuses on managing and directing low-income housing and providing essential services to families, elders, disabled individuals, homeless people, potentially homeless, and other disadvantaged persons. The organization invests in limited partnerships that create low-income housing and offer supportive services to those in need.
In line with its exempt purpose, Mercy Housing Calwest makes most of its disbursements through the active conduct of these activities. The remaining disbursements in support of its exempt-purpose programs are made subject to the procedures or conditions established by its Board of Directors, ensuring that only qualified recipients receive the funds.
Mercy Housing Calwest's mission is geared towards improving the lives of disadvantaged individuals by providing them with affordable housing and necessary support services. By doing so, they offer a critical safety net for those who might be homeless or at risk of becoming homeless, allowing them to focus on stabilizing their lives and regaining their footing. The organization's commitment to empowering its residents extends beyond housing, as they prioritize their overall well-being and work to create thriving communities.
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Impact
October, 2024
Mercy Housing Calwest significantly impacts the community by providing essential low-income housing and supportive services to vulnerable populations, including families, the elderly, and individuals facing homelessness. By managing and directing housing resources effectively, the organization addresses critical housing shortages and improves living conditions for those in need.
The organization invests in limited partnerships that enhance access to affordable housing, ensuring that disadvantaged individuals have safe and stable places to live. This effort not only aids in alleviating homelessness but also helps integrate supportive services that empower residents, fostering a sense of community and enabling personal growth.
In Denver and surrounding areas, Mercy Housing Calwest's initiatives play a crucial role in sustainable community development, making a tangible difference in the lives of low-income individuals, the potentially homeless, and otherwise disadvantaged persons. Through its strategic approach to housing and support, the organization contributes to breaking the cycle of poverty and improving overall community well-being.
This information is meant to be a general summary of Mercy Housing Calwest. 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: $102,875
- Program Service Revenue: $4,931,551
- Gross Receipts: $23,350,030
Assets and Liabilities:
- Total Assets: $65,560,388
- Total Liabilities: $80,072,410
- Net Assets: -$14,512,022
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
SERVICE FEES
Revenue
$1,925,216
NET RENTAL REVENUE
Revenue
$1,918,372
ANCILLARY SERVICES
Revenue
$1,085,982
MISCELLANEOUS REVENUE
Revenue
$1,981
Organization Details
Founding Year
1985
Phone
(303) 830-3300Principal Officer
Doug Shoemaker
Main Address
1600 BROADWAY SUITE 2000, DENVER, CO, 802025704
Website
www.mercyhousing.orgNTEE Category
Code: L20Z - Housing
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