Is Our Lady Of Mercy Apartment Inc Legit?

Our Lady Of Mercy Apartment Inc, operating with an NTEE code of L21 (Housing, Shelter), demonstrates consistent financial activity focused on its mission. Over the past decade, the organization has maintained a relatively stable revenue stream, averaging around $120,000-$170,000 annually. While expenses have frequently exceeded revenue, as seen in the 202406 period where expenses were $181,633 against revenues of $156,752, the organization maintains a healthy asset base, with assets consistently above $750,000. This suggests a reliance on accumulated reserves or other non-operating income to cover operational deficits in some years. The organization's liabilities are consistently low, indicating good financial management and minimal debt burden. The organization's transparency is bolstered by its consistent filing of IRS Form 990s, with 13 filings available, demonstrating a commitment to public disclosure. A significant positive indicator is the 0% officer compensation reported across all available filings, suggesting that the organization's leadership is either volunteer-based or compensated through other means not classified as officer compensation, which can be a sign of strong dedication to mission and efficient use of funds. However, without a detailed breakdown of expenses, it's challenging to fully assess spending efficiency beyond the lack of executive compensation. Overall, Our Lady Of Mercy Apartment Inc appears to be a financially stable organization with a long history of operation. Its consistent asset base, low liabilities, and lack of reported officer compensation are positive signs. Further analysis would benefit from a detailed breakdown of program, administrative, and fundraising expenses to fully evaluate spending efficiency and program impact.