Mercy Housing California

Organization Overview

Mercy Housing California is located in Denver, CO. The organization was established in 2009. According to its NTEE Classification (L20) the organization is classified as: Housing Development, Construction & Management, under the broad grouping of Housing & Shelter and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Mercy Housing California is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.

For the year ending 12/2021, Mercy Housing California generated $51.7m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 9.4% each year. All expenses for the organization totaled $41.3m during the year ending 12/2021. While expenses have increased by 9.5% per year over the past 7 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.

Since 2015, Mercy Housing California has awarded 94 individual grants totaling $43,771,457. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2021

Describe the Organization's Mission:

Part 3 - Line 1

TO DEVELOP, OWN AND OPERATE LOW-INCOME HOUSING FACILITIES FOR FAMILIES, SENIORS, PEOPLE WITH SPECIAL NEEDS, AND INDIVIDUALS LACKING SIGNIFICANT RESOURCES

Describe the Organization's Program Activity:

Part 3 - Line 4a

HOUSING DEVELOPMENT PROGRAMS AND SERVICES INCLUDE ACQUIRING ACCEPTABLE LOCATIONS FOR EITHER NEW CONSTRUCTION OR REHABILITATION OF EXISTING PROPERTIES FOR MULTI-FAMILY RENTAL PROPERTIES OR SINGLE FAMILY HOUSING UNITS TO PROVIDE AFFORDABLE HOUSING TO LOW-INCOME RESIDENTS, OBTAINING FINANCING FOR THE DEVELOPMENT OF LOW-INCOME PROPERTIES AND HOUSING UNITS, AND MANAGING THE CONSTRUCTION AND/OR REHABILITATION OF LOW-INCOME PROPERTIES AND HOUSING UNITS THROUGH OBTAINING THE CERTIFICATION OF OCCUPANCY AND PROJECT COMPLETION.


RESIDENT SERVICES AND PROGRAMS ARE PROVIDED FREE OF CHARGE TO RESIDENTS OF LOW-INCOME MULTI-FAMILY RENTAL PROPERTIES INCLUDING FAMILIES, SENIORS, AND PEOPLE WITH SPECIAL NEEDS. THE RESIDENT SERVICES AND PROGRAMS FALL INTO FOUR PRIMARY AREAS - EDUCATION, COMMUNITY, HEALTH AND WELLNESS, AND ECONOMIC STABILITY. RESIDENT SERVICES AND PROGRAMS ARE TAILORED TO MEET THE NEEDS OF EACH LOW-INCOME HOUSING COMMUNITY, INCLUDING AFTER-SCHOOL PROGRAMS FOR CHILDREN, GED AND ENGLISH COURSES, EMPLOYMENT INITIATIVES AND HOMEOWNERSHIP SEMINARS.


ASSET MANAGEMENT SERVICES ARE PROVIDED TO LOW-INCOME MULTI-FAMILY RENTAL PROPERTIES AND INCLUDE PREPARING AND MANAGING ANNUAL OPERATING BUDGETS, PREPARING REPORTS FOR INVESTORS AND LENDERS, OVERSEEING THE PROPERTY MANAGEMENT SERVICES, AND ENSURING AND MONITORING COMPLIANCE TO MEET REGULATORY AND ELIGIBILITY REQUIREMENTS OF RESIDENTS.


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Outside Vendors & Contractors

Vendor Name (Service)Compensation
Recovery Room
Food Service
$366,200
Zen Development
Consultants
$263,170
Onside Partners Llc
Consultants
$100,198
View All Vendors

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$0
Related organizations$9,578,284
Government grants $3,227,035
All other contributions, gifts, grants, and similar amounts not included above$7,827,587
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$20,632,906
Total Program Service Revenue$30,207,594
Investment income $825,718
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales $0
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $51,666,218

Grants Awarded

Over the last fiscal year, Mercy Housing California has awarded $13,938,555 in support to 29 organizations.

Grant RecipientAmount

MERCY HOUSING INC

Org PageRecipient Profile

Denver, CO

PURPOSE: PORTFOLIO PRESERVATION PROJECT

$4,647,465

MERCY MORGAN DEVELOPMENT GP

PURPOSE: GIFT TO GP

$1,854,270

WEST CAPITOL DIGNITY HEALTHWOODLAND MEMORIAL HOSPITAL

PURPOSE: GP CAPITAL CONTRIBUTION

$1,671,594

MERCY KIMBALL DEVELOPMENT GP

PURPOSE: GIFT TO GP

$1,473,630

PARCEL O455 FELL

PURPOSE: DEVELOPMENT FEE PAYMENT FROM GP EQUITY

$1,382,638

SUNNYDALE

PURPOSE: RENT AND OTHER NEEDS DURING THE PANDEMIC

$689,246
View Grant Profile

Grants Recieved

Over the last fiscal year, we have identified 6 grants that Mercy Housing California has recieved totaling $285,816.

Awarding OrganizationAmount
Mercy Housing Inc

Denver, CO

PURPOSE: LOW-INCOME HOUSING

$165,502
Placer Community Foundation

Auburn, CA

PURPOSE: Health & Human Services

$55,000
Local Initiatives Support Corporation

New York, NY

PURPOSE: SEE PART IV

$30,000
Enterprise Community Partners Inc

Columbia, MD

PURPOSE: CAPACITY BUILDING

$16,836
American Online Giving Foundation Inc

Newark, DE

PURPOSE: GENERAL SUPPORT

$10,478
Schwab Charitable Fund

San Francisco, CA

PURPOSE: HUMAN SERVICES

$8,000
View Grant Recipient Profile

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