House Of Mercy Inc
- Assets
- $2.2m
- Revenue
- $1.2m
- Investments
- $0.0
- Employees
- 24
- Location
- Belmont, NC
- Founding
- 03/1946
- Data as of
- 06/2021
- EIN
- 56-1733055
Organization Overview
House Of Mercy Inc is located in Belmont, NC. The organization was established in 1946. According to its NTEE Classification (X99) the organization is classified as: Religion-Related N.E.C., under the broad grouping of Religion-Related and related organizations. As of 06/2021, House Of Mercy Inc employed 24 individuals. This organization is a subordinate organization within an affiliated group for tax-exemption purposes. House Of Mercy 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 06/2021, House Of Mercy Inc generated $1.2m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 9.1% each year. All expenses for the organization totaled $836.5k during the year ending 06/2021. While expenses have increased by 2.7% per year over the past 6 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
HOUSE OF MERCY IS A NONPROFIT PROVIDER OF HOUSING, QUALITY CARE AND SUPPORTIVE SERVICES TO INDIVIDUALS LIVING WITH HIV AND AIDS. A TOTAL OF 36 INDIVIDUALS WERE SERVED.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDING HOUSING AND CARE FOR PERSONS LIVING WITH HIV AND AIDS. 8 PATIENTS WERE SERVED AND HOUSE OF MERCY PROVIDED 1409 DAYS OF PATIENT CARE (222 OF THOSE DAYS WERE CHARITY CARE DAYS) IN FISCAL YEAR 2021. THE BRIDGE PROGRAM ASSISTED 28 INDIVIDUALS WITH EMERGENCY ASSISTANCE TO COVER FOOD, UTILITIES, TRANSPORTATION, MEDICAL AND OTHER EMERGENCY NEEDS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Emily E Chambers Sharpe President & CEO (thru 9/2020) | Officer | 40 | $60,351 |
Latoya Gardner President & CEO (as Of 10/2020) | Officer | 40 | $17,308 |
Cicely Johnson Chairperson | OfficerTrustee | 1 | $0 |
Nicole Fitz Secretary | OfficerTrustee | 1 | $0 |
Daniel Kling Treasurer | OfficerTrustee | 1 | $0 |
John Panzica Vice-Chair | OfficerTrustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $13,703 |
| Related organizations | $267,340 |
| Government grants | $129,603 |
| All other contributions, gifts, grants, and similar amounts not included above | $432,364 |
| Noncash contributions included in lines 1a–1f | $9,888 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $843,010 |
| Total Program Service Revenue | $108,753 |
| Investment income | $17,596 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $200,061 |
| Net Income from Fundraising Events | $21,662 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,192,513 |
| 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. | $98,441 |
| Compensation of current officers, directors, key employees. | $12,243 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $430,994 |
| Pension plan accruals and contributions | $16,611 |
| Other employee benefits | $44,719 |
| Payroll taxes | $38,602 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $15,253 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $7,569 |
| Fees for services: Other | $48,622 |
| Advertising and promotion | $8,843 |
| Office expenses | $32,730 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $566 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $1,455 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $19,498 |
| Insurance | $36,189 |
| All other expenses | $8,305 |
| Total functional expenses | $836,537 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $202,992 |
| Savings and temporary cash investments | $213,321 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $31,000 |
| 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 | $10,706 |
| Net Land, buildings, and equipment | $84,685 |
| Investments—publicly traded securities | $1,616,446 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $5,000 |
| Total assets | $2,164,150 |
| Accounts payable and accrued expenses | $55,882 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| 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 | $0 |
| Other liabilities | $0 |
| Total liabilities | $55,882 |
| Net assets without donor restrictions | $2,078,850 |
| Net assets with donor restrictions | $29,418 |
| 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 | $2,164,150 |
Grants Recieved
Over the last fiscal year, we have identified 22 grants that House Of Mercy Inc has recieved totaling $316,719.
| Awarding Organization | Amount |
|---|---|
Carolinas Care Partnership Charlotte, NC PURPOSE: For facility based housing | $130,000 |
Foundation For The Carolinas Charlotte, NC PURPOSE: CHARITABLE GIFT | $112,655 |
The Merancas Foundation Inc Charlotte, NC PURPOSE: OPERATING SUPPORT FOR HEALTH HOME / | $30,000 |
Dowd Foundation Inc Charlotte, NC PURPOSE: ASSIST ORGANIZATIONS WITH ITS NEEDS AND GOALS | $10,000 |
Gaston Community Foundation Gastonia, NC PURPOSE: GENERAL SUPPORT | $7,161 |
Hillsdale Fund Inc Greensboro, NC PURPOSE: TO ASSIST THE TAX EXEMPT ORGANIZATION TO CARRY OUT ITS EXEMPT PURPOSE. | $5,575 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
World Help Forest, VA | $11,135,096 | $40,493,708 |
Corporate Chaplains Of America Inc Wake Forest, NC | $14,993,771 | $19,711,827 |
Choice Books Of Northern Virginia Inc Bristow, VA | $30,496,266 | $18,835,763 |
Reaching Unreached Nations Inc Virginia Beach, VA | $5,800,346 | $15,911,313 |
Precept Ministries Of Reach Out Inc Chattanooga, TN | $10,987,140 | $15,669,576 |
Lake Junaluska Assembly Inc Lake Junaluska, NC | $31,377,440 | $12,754,761 |
Holy Angels Inc Belmont, NC | $12,927,862 | $9,334,354 |
Impact 360 Institute Inc Atlanta, GA | $4,530,260 | $9,934,364 |
Joshua Fund McLean, VA | $5,014,805 | $7,059,858 |
Proverbs 31 Ministry Inc Matthews, NC | $13,247,275 | $7,018,606 |
Intend Ministries Murfreesboro, TN | $2,990,387 | $7,592,867 |
Buckhead Christian Ministry Inc Atlanta, GA | $4,936,507 | $4,578,885 |