Mercy House Chdo Inc
- Assets
- $29.0m
- Revenue
- $2.6m
- Investments
- $0.0
- Employees
- 2
- Location
- Santa Ana, CA
- Founding
- 01/2007
- Data as of
- 06/2023
- EIN
- 20-4122028
Organization Overview
Mercy House Chdo Inc is located in Santa Ana, CA. The organization was established in 2007. 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. As of 06/2023, Mercy House Chdo Inc employed 2 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Mercy House Chdo Inc 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 06/2023, Mercy House Chdo Inc generated $2.6m in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 53.5% each year . All expenses for the organization totaled $1.7m during the year ending 06/2023. While expenses have increased by 49.1% per year over the past 8 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
MERCY HOUSE CHDO, INC WAS ORGANIZED TO ASSIST AND SUPPORT MERCY HOUSE LIVING CENTERS WITH ITS HOUSING PROGRAMS AND TO DEVELOP NEW OPPORTUNITIES FOR LOW-INCOME HOUSING
Describe the Organization's Program Activity:
Part 3 - Line 4a
HOUSING - ASSIST AND SUPPORT MERCY HOUSE LIVING CENTERS WITH ITS EXISTING HOUSING PROGRAMS BY DEVELOPING NEW HOUSING PROJECTS SERVING HOMELESS AND LOW-INCOME POPULATIONS. CHDO OWNS AND/OR OPERATES A NUMBER OF PROJECTS INCLUDING 1) ONTARIO BASED GUADALUPE RESIDENCE (411 PARKSIDE), AND MANAGEMENT OVERSIGHT OF THE CITY OWNED FRANCIS AND BEGONIA PROPERTIES 2) FREDERIC OZANAM RESIDENCE IN SANTA ANA 3) CASA ALIENTO LOCATED IN OXNARD AND 4) MESA VISTA IN COSTA MESA. ADDITIONALLY, CHDO HAS PARTNERED WITH A NUMBER OF DEVELOPERS TO ESTABLISH LIMITED PARTNERSHIPS (LP) TO ACQUIRE, REHAB AND/OR CONSTRUCT NEW HOUSING PROJECTS. THIS INCLUDES 1) COMMUNITY DEVELOPMENT PARTNERS ON THE DEVELOPMENTS OF THE COVE IN NEWPORT BEACH SERVING LOW-INCOME SENIORS AND HOMELESS VETERANS; CASA QUERENCIA AND LA PLACITA CINCO IN SANTA ANA WHICH SERVES CHRONICALLY HOMELESS HOUSEHOLDS AND LOW-INCOME HOUSEHOLDS, RESPECTIVELY; ST. MICHAEL'S IN RIVERSIDE THAT SERVES A MIX OF CHRONICALLY HOMELESS AND LOW-INCOME HOUSEHOLDS; LAKE HOUSE IN LOS ANGELES CURRENTLY UNDER CONSTRUCTION THAT WILL SERVE CHRONICALLY HOMELESS; AND WESTVIEW IN SANTA ANA CURRENTLY UNDER CONSTRUCTION THAT WILL SERVE A MIX OF CHRONICALLY HOMELESS AND LOW-INCOME HOUSEHOLDS; CASA DE CARMEN IN OXNARD THAT WILL SERVE CHRONICALLY HOMELESS HOUSEHOLDS 2) NATIONAL CORE ON THE DEVELOPMENTS OF LEGACY SQUARE IN SANTA ANA THAT SERVES A MIX OF CHRONICALLY HOMELESS AND LOW-INCOME HOUSEHOLDS; AND VISTA DE LA SIERRA (FKA GOLDEN PIERCE) LOCATED IN RIVERSIDE CURRENTLY UNDER CONSTRUCTION THAT WILL SERVE A MIX OF CHRONICALLY HOMELESS AND LOW-INCOME HOUSEHOLDS.
LIVING SKILLS - MERCY HOUSE CHDO, THE LP AND/OR THE LP LEAD DEVELOPER CONTRACTS WITH MERCY HOUSE LIVING CENTERS TO PROVIDE CASE MANAGEMENT AND/OR RESIDENTIAL SERVICES WHICH MAY INCLUDE LIFE SKILLS TRAINING, CAREER AND JOB DEVELOPMENT, PARENTING SKILLS CLASSES, FINANCIAL LITERACY AND BENEFITS COUNSELING, LEGAL REFERRALS, MENTORING PROGRAMS TO HOMELESS AND/OR LOW-INCOME INDIVIDUALS AND FAMILIES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Larry Haynes CEO & President | Officer | 10 | $42,458 |
Linda Wilson Vice President/secretary | Officer | 20 | $19,042 |
Mary Ellen Gross Treasurer/cfo | OfficerTrustee | 4 | $0 |
Gary Belz Director | Trustee | 1 | $0 |
Ray Bukaty Director | Trustee | 1 | $0 |
James Brooks Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $2,042,954 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,042,954 |
| Total Program Service Revenue | $519,283 |
| Investment income | $3,249 |
| 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 | $2,565,486 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $61,500 |
| Compensation of current officers, directors, key employees. | $61,500 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $10,268 |
| Payroll taxes | $4,942 |
| Fees for services: Management | $175,312 |
| Fees for services: Legal | $19,115 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $5,000 |
| Advertising and promotion | $0 |
| Office expenses | $2,386 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $342,364 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $350,041 |
| Insurance | $59,290 |
| All other expenses | $623,059 |
| Total functional expenses | $1,653,277 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,251,937 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $370,552 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $18,903,734 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $8,466,983 |
| Total assets | $28,993,206 |
| Accounts payable and accrued expenses | $161,064 |
| Grants payable | $0 |
| Deferred revenue | $1,769,352 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $10,379,427 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $69,998 |
| Total liabilities | $12,379,841 |
| Net assets without donor restrictions | $16,613,365 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $28,993,206 |