House Of Mercy
- Assets
- $2.5m
- Revenue
- $44.5k
- Investments
- $2.0m
- Employees
- 1
- Location
- Washington, DC
- Founding
- 12/1972
- Data as of
- 12/2022
- EIN
- 53-0199197
Organization Overview
House Of Mercy is located in Washington, DC. The organization was established in 1972. According to its NTEE Classification (P33) the organization is classified as: Child Day Care, under the broad grouping of Human Services and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. House Of Mercy 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, House Of Mercy generated $44.5k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (11.0%) each year. All expenses for the organization totaled $204.9k during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (5.2%) per year over the past 8 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO PERFORM WORKS OF MERCY, REFORMATORY AND PREVENTIVE, INCLUDING, BUT NOT LIMITED TO THE ESTABLISHMENT AND THE MAINTENANCE OF AN ORGANIZATION FOR THE PROTECTION AND AID OF LESS FORTUNATE CHILDREN AND FAMILIES THROUGH NON- PROFITABLE, NON-DISCRIMINATORY AND NON-SECTARIAN MEANS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
HOUSE OF MERCY SUPPORTS A NOT-FOR-PROFIT DAY CARE CENTER, CALLED ROSEMOUNT CENTER (THE CENTER), IN THE BUILDING AT 2000 ROSEMOUNT AVENUE, N.W., WASHINGTON, D.C. THE HOUSE OF MERCY LEASED THE PROPERTY TO THE CENTER FOR A TERM OF TWENTY YEARS, COMMENCING MAY 1, 2004 AT 1 PER YEAR.
HOUSE OF MERCY SUPPORTS A NOT-FOR-PROFIT DAY CARE CENTER, CALLED ROSEMOUNT CENTER (THE CENTER), IN THE BUILDING AT 2000 ROSEMOUNT AVENUE, N.W., WASHINGTON, D.C. THE HOUSE OF MERCY LEASED THE PROPERTY TO THE CENTER FOR A TERM OF TWENTY YEARS, COMMENCING MAY 1, 2004 AT 1 PER YEAR.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Michael Oliphant President/ch | 2 | $0 | |
Robert Marsteller Vice-Preside | 2 | $0 | |
Nicholas Haffenreffer Treasurer | 2 | $0 | |
Fielding Ince Winters Secretary | 2 | $0 | |
Kurt Schier Director | 2 | $0 | |
Sheryl Walter Director | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $700 |
| Interest on Savings | $0 |
| Dividends & Interest | $43,838 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $44,538 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $40,000 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $7,248 |
| Interest | $84,986 |
| Taxes | $0 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $65,388 |
| Total operating and administrative expenses | $204,912 |
| Contributions, gifts, grants paid | $0 |
| Total expenses and disbursements | $204,912 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $38,608 |
| Savings and temporary cash investments | $465,636 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $1,781 |
| Net Investments - land, buildings, equipment | $1 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $2,464,289 |
| Accounts payable and accrued expenses | $32,671 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $2,059,324 |
| Other liabilities | $0 |
| Total liabilities | $2,091,995 |