Mercy Bond Properties Nebraska I

Organization Overview

Mercy Bond Properties Nebraska I is located in Denver, CO. The organization was established in 1996. According to its NTEE Classification (L80) the organization is classified as: Housing Support, 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 Bond Properties Nebraska I 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 Bond Properties Nebraska I generated $1.5m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 1.9% each year. All expenses for the organization totaled $2.1m during the year ending 12/2022. While expenses have increased by 3.3% 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.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2022

Describe the Organization's Mission:

Part 3 - Line 1

THE ORGANIZATION OWNS AND OPERATES A 180-UNIT APARTMENT PROJECT KNOWN AS TIMBER CREEK APARTMENTS, LOCATED IN OMAHA, NEBRASKA THAT PROVIDES HOUSING, EDUCATION AND SUPPORT SERVICES TO LOW-INCOME PERSONS.

Describe the Organization's Program Activity:

Part 3 - Line 4a

MERCY TIMBERCREEK, LLC WAS ORGANIZED ON AUGUST 17, 2001 IN THE STATE OF CALIFORNIA AS A SINGLE MEMBER LIMITED LIABILITY COMPANY FOR THE PURPOSE OF REHABILITATING AND OPERATING A 180 UNIT RENTAL HOUSING PROJECT UNDER SECTION 207 PURSUANT TO SECTION 223(F) OF THE NATIONAL HOUSING ACT UNDER THE NAME TIMBERCREEK APARTMENTS, LOCATED IN OMAHA, NEBRASKA. SUCH PROJECTS ARE REGULATED BY HUD AS TO RENT CHARGES AND OPERATING METHODS.


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Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$0
Related organizations$0
Government grants $522,251
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$522,251
Total Program Service Revenue$964,171
Investment income $26
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 $1,486,448

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