Mercy Economic Development International Corporation
- Assets
- $74.4k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Cocoa, FL
- Founding
- 02/2002
- Data as of
- 06/2022
- EIN
- 34-1964520
Organization Overview
Mercy Economic Development International Corporation is located in Cocoa, FL. The organization was established in 2002. According to its NTEE Classification (L40) the organization is classified as: Temporary Housing, 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 Economic Development International Corporation 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 06/2022, Mercy Economic Development International Corporation generated $92.8k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (5.0%) each year. All expenses for the organization totaled $71.2k during the year ending 06/2022. As we would expect to see with falling revenues, expenses have declined by (7.6%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3
ENTERPRISE DEVELOPMENT MINISTRY-PROVIDE SMALL BUSINESS LOANS AND GRANTS TO DISADVANTAGED PERSONS LIVING IN IMPOVERISHED NATIONS OR AREAS TO LEAD THEM TO SELF-SUSTAINING OPPORTUNITI
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Larry Lallo President | 5 | $1,800 | |
David Daniels Vice President | 1 | $0 | |
Daniel Nallathamby Secretarytreasurer | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $92,766 |
| Total Program Service Revenue | $0 |
| Membership dues | $0 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $92,766 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $1,800 |
| Professional fees and other payments to independent contractors | $20,718 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $208 |
| Other expenses | $5,424 |
| Total expenses | $71,197 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $20,065 |
| Other assets | $0 |
| Total assets | $74,423 |
| Total liabilities | $0 |
| Net assets or fund balances | $74,423 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Mercy Economic Development International Corporation has recieved totaling $600.
| Awarding Organization | Amount |
|---|---|
National Christian Charitable Foundation Inc Alpharetta, GA PURPOSE: POVERTY | $600 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Georgia Southern University Housing Foundation Inc Statesboro, GA | $249,175,255 | $10,373,698 |
Bloom Our Youth Inc Fayetteville, GA | $3,984,539 | $4,314,160 |
Transition House Of Washington Inc Saint Cloud, FL | $1,607,581 | $3,946,761 |
Crossing The Jordan Foundation Inc Weston, FL | $358,334 | $2,743,535 |
Rainbow Village Inc Duluth, GA | $9,090,525 | $2,152,472 |
The Wellhouse Odenville, AL | $7,523,032 | $3,587,896 |
Brevard Rescue Mission Inc Melbourne, FL | $6,793,930 | $3,069,601 |
Housing First Steps Forward Inc Tampa, FL | $8,179,447 | $2,637,616 |
Priority Veteran Inc Birmingham, AL | $238,389 | $1,195,144 |
Pinnacle Residential Centre, AL | $768,481 | $1,360,249 |
Rural Neighborhoods Incorporated Florida City, FL | $18,996,790 | $4,207,374 |
Five S T A R Veterans Center Inc Jacksonville, FL | $1,547,656 | $888,650 |