Mercy Housing Inc
- Assets
- $156.2m
- Revenue
- $38.6m
- Investments
- $10.1m
- Employees
- 623
- Location
- Denver, CO
- Founding
- 02/1998
- Data as of
- 12/2022
- EIN
- 47-0646706
Organization Overview
Mercy Housing Inc is located in Denver, CO. The organization was established in 1998. 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 12/2022, Mercy Housing Inc employed 623 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Mercy Housing 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 12/2022, Mercy Housing Inc generated $38.6m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 9.1% each year. All expenses for the organization totaled $31.2m during the year ending 12/2022. While expenses have increased by 13.8% 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.
Since 2015, Mercy Housing Inc has awarded 97 individual grants totaling $19,619,356. 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
THE MISSION AND CHARITABLE PURPOSE OF MERCY HOUSING, INC. IS TO MANAGE OR DIRECT ENTITIES WHICH ARE ORGANIZED FOR THE PURPOSE OF CREATING STABLE, VIBRANT AND HEALTH COMMUNITIES BY DEVELOPING, FINANCING, AND OPERATING AFFORDABLE, PROGRAM-ENRICHED HOUSING FOR FAMILIES, SENIORS, AND PEOPLE WITH SPECIAL NEEDS WHO LACK THE ECONOMIC RESOURCES TO ACCESS QUALITY, SAFE HOUSING OPPORTUNITIES. MERCY HOUSING, INC., EITHER DIRECTLY OR INDIRECTLY, WILL SUPPORT OR FOSTER THE DEVELOPMENT, ACQUISITION, FINANCING, OPERATION AND MANAGEMENT OF QUALITY, AFFORDABLE PROGRAM-ENRICHED HOUSING FOR LOW AND MODERATE INCOME PERSONS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
MERCY HOUSING, INC.'S PROGRAM SUPPORTS AFFORDABLE HOUSING AND RESIDENT SERVICES FOR LOW AND MODERATE INCOME PERSONS AND INCLUDES ACTIVITIES OF ASSET MANAGEMENT, HOUSING DEVELOPMENT, CONSULTING SERVICES, CONSTRUCTION MANAGEMENT AND FINANCIAL SERVICES SPECIFICALLY RELATED TO DEVELOPMENT OF AFFORDABLE HOUSING.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Ismael Guerrero President | Officer | 40 | $474,677 |
Cheryll O'bryan Vice President | Officer | 1 | $0 |
Dee Walsh Vice President | Officer | 40 | $340,161 |
Christopher Reed Vice President | Officer | 1 | $0 |
Doug Shoemaker Vice President | Officer | 40 | $304,832 |
Edward Holder Vice President | 40 | $256,515 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Cohnreznick Llp Accounting Services | 12/30/22 | $3,517,635 |
Granite Telecommunications Telecommunications | 12/30/22 | $1,264,549 |
Runberg Architecture Group Architectural Services | 12/30/22 | $455,587 |
Mri Software Llc Business Consulting | 12/30/22 | $408,833 |
Simpson Garrity Innes & Jacuzz Business Consulting | 12/30/22 | $256,853 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $30,250 |
| All other contributions, gifts, grants, and similar amounts not included above | $10,492,960 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $10,523,210 |
| Total Program Service Revenue | $25,886,191 |
| Investment income | $1,378,098 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $289 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $38,598,550 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $3,918,945 |
| Grants and other assistance to domestic individuals. | $45,000 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $3,876,552 |
| Compensation of current officers, directors, key employees. | $1,182,668 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $10,633,059 |
| Pension plan accruals and contributions | $464,713 |
| Other employee benefits | $4,243,835 |
| Payroll taxes | $1,123,027 |
| Fees for services: Management | $1,016,113 |
| Fees for services: Legal | $1,881,943 |
| Fees for services: Accounting | -$48,237 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $685,073 |
| Advertising and promotion | $245,114 |
| Office expenses | $1,079,849 |
| Information technology | $3,232,372 |
| Royalties | $0 |
| Occupancy | $15,370,247 |
| Travel | $544,160 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $81,845 |
| Interest | $2,147,305 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $521,719 |
| Insurance | $58,809 |
| All other expenses | -$20,783,606 |
| Total functional expenses | $31,181,662 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $55,264,790 |
| Pledges and grants receivable | $465,694 |
| Accounts receivable, net | $6,625,853 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $8,884,065 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $5,472,321 |
| Net Land, buildings, and equipment | $2,379,785 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $10,136,251 |
| Investments—program-related | $6,385,715 |
| Intangible assets | $0 |
| Other assets | $60,552,779 |
| Total assets | $156,167,253 |
| Accounts payable and accrued expenses | $19,224,503 |
| Grants payable | $0 |
| Deferred revenue | $9,548,757 |
| 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 | $0 |
| Unsecured mortgages and notes payable | $42,965,256 |
| Other liabilities | $44,589,064 |
| Total liabilities | $116,327,580 |
| Net assets without donor restrictions | $34,025,763 |
| Net assets with donor restrictions | $5,813,910 |
| 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 | $156,167,253 |
Grants Awarded
Over the last fiscal year, Mercy Housing Inc has awarded $3,916,250 in support to 29 organizations.
| Grant Recipient | Amount |
|---|---|
MERCY BOND PROPERTIES COLORADO I PURPOSE: LOW-INCOME HOUSING | $28,924 |
SOUTH OF MARKET MERCY HOUSING PURPOSE: LOW-INCOME HOUSING | $21,795 |
MERCY HOUSING CALIFORNIA PURPOSE: LOW-INCOME HOUSING | $114,167 |
MERCY HOUSING CALWEST PURPOSE: LOW-INCOME HOUSING | $207,058 |
MERCY HOUSING WASHINGTON VII LP PURPOSE: LOW-INCOME HOUSING | $309,328 |
MERCY HOUSING NORTHWEST PURPOSE: LOW-INCOME HOUSING | $81,867 |