Overview
What is Mercy Housing California?
Mercy Housing California is a nonprofit organization dedicated to providing affordable housing solutions for families, seniors, people with special needs, and individuals in need. Based on the information provided, they focus on acquiring acceptable locations for the development of low-income rental properties or single-family housing units. To finance these projects, they secure funding and manage the construction and rehabilitation process, from certification of occupancy to project completion. Their mission is to facilitate the provision of affordable housing for those who lack significant resources, and they offer additional free programs and services to residents in their affordable housing projects to enhance their lives and the communities they live in.
Official website here: www.mercyhousing.org
What are the reviews and ratings of this charity?
Charity Navigator Rating 97% - Four-Star out of Four Star rating
Mercy Housing California has achieved an impressive Four-Star rating from Charity Navigator, indicating a high level of accountability and transparency in its operations. The organization excels in impact measurement, scoring a perfect 100, which reflects its commitment to effectively assessing the outcomes of its programs. Its independent board structure and adherence to conflict of interest policies further enhance its credibility and governance standards.
The nonprofit also demonstrates strong financial health, with a program expense ratio of 96.16%, suggesting that a significant majority of its expenses directly support its mission. The organization has no recorded material diversion of assets and maintains a low liabilities to assets ratio, showcasing prudent financial management. These factors collectively contribute to its robust operational framework.
While Mercy Housing California performs well in many areas, its equity strategies score of 85 indicates there may still be room for improvement in promoting equity within its initiatives. Overall, the organization stands out for its effectiveness and reliability in addressing housing needs in California, making it a trusted choice for potential donors and supporters.
This AI summary has been generated from information found on Charity Navigator.
Is Mercy Housing California legitimate?
Mercy Housing California is a legitimate nonprofit organization registered as a 501(c)(3) entity. Mercy Housing California 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: $13,251,577
For more financial information, click here
Official website here: www.mercyhousing.org
What is the mission statement of Mercy Housing California?
Mercy Housing California is dedicated to facilitating the provision of affordable housing for families, seniors, individuals with special needs, homeless, and potentially homeless people who lack the financial means to secure quality, safe housing. Their mission extends beyond just providing housing as they offer a range of free programs and services to residents of their affordable housing projects. These initiatives aim to enhance the lives of the residents and the communities they inhabit.
Official website here: www.mercyhousing.org
Who is the CEO of Mercy Housing California?
Douglas Shoemaker is the Principal Officer of Mercy Housing California.
Official website here: www.mercyhousing.org
What is the revenue of Mercy Housing California?
Mercy Housing California's revenue in 2022 was $77,198,808.
Official website here: www.mercyhousing.org
Who are the executives of Mercy Housing California and what are their salaries?
There 13 volunteers at Mercy Housing California.
Here are 28 key members and their salaries:
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- Other: $4,240
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- Other: $28,064
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- Other: $45,801
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- Related: $189,462
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- Other: $33,552
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- Related: $198,100
- Other: $21,341
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- Related: $143,251
- Other: $38,467
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- Related: $164,838
- Other: $15,948
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- Related: $161,460
- Other: $35,386
Official website here: www.mercyhousing.org
Where can I find the form 990 for Mercy Housing California?
Mercy Housing California'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 California
Mercy Housing California, a nonprofit organization, is dedicated to facilitating the provision of affordable housing for families, seniors, people with special needs, homeless, and potentially homeless individuals. By developing, owning, and operating low-income housing facilities, Mercy Housing California aims to bridge the gap and ensure these individuals have access to quality, safe housing that they would otherwise be unable to afford.
In addition to providing affordable housing, Mercy Housing California offers a range of free programs and services to residents living in their projects. These initiatives are designed to enhance the lives of the residents and the communities they inhabit. By implementing these programs, Mercy Housing California not only offers a roof over their residents' heads but also provides them with the essential resources they need to thrive and improve their overall well-being.
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Impact
October, 2024
Mercy Housing California significantly impacts communities by developing, owning, and operating low-income housing facilities tailored for families, seniors, individuals with special needs, and those facing financial hardships. Through their housing development programs, they acquire strategic locations for both new constructions and the rehabilitation of existing properties, creating multi-family rental units and single-family homes that provide essential affordable housing.
The organization plays a crucial role in securing financing for these developments, overseeing the construction processes, and ensuring projects are completed and certified for occupancy. This effort directly addresses the urgent need for safe, quality housing among vulnerable populations who would otherwise struggle to find adequate living conditions.
Beyond providing housing, Mercy Housing California enhances residents' quality of life by offering various free programs and services aimed at improving their overall well-being and fostering stronger communities. This comprehensive approach not only stabilizes families and individuals but also contributes to the broader goal of reducing homelessness and promoting socioeconomic mobility in the regions they serve.
This information is meant to be a general summary of Mercy Housing California. 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: $546,588
- Program Service Revenue: $28,613,149
- Gross Receipts: $77,531,139
Assets and Liabilities:
- Total Assets: $272,183,184
- Total Liabilities: $59,910,474
- Net Assets: $212,272,710
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
DEVELOPER FEES
Revenue
$17,884,347
SERVICE FEES
Revenue
$9,999,732
CONSULTING FEES
Revenue
$370,059
LEASE INCOME
Revenue
$237,453
MISCELLANEOUS REVENUE
Revenue
$120,345
Organization Details
Founding Year
1988
Phone
(303) 830-3300Principal Officer
Douglas Shoemaker
Main Address
1600 BROADWAY SUITE 2000, DENVER, CO, 802025704
Website
www.mercyhousing.orgNTEE Category
Code: L20 - Housing
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