Merced Housing Texas
- Assets
- $50.6m
- Revenue
- $9.9m
- Investments
- $0.0
- Employees
- 24
- Location
- San Antonio, TX
- Founding
- 00/0000
- Data as of
- 06/2022
- EIN
- 74-2740889
Organization Overview
Merced Housing Texas is located in San Antonio, TX. The organization was established in 0000. According to its NTEE Classification (L21) the organization is classified as: Low-Income & Subsidized Rental Housing, under the broad grouping of Housing & Shelter and related organizations. As of 06/2022, Merced Housing Texas employed 24 individuals. This organization is a subordinate organization within an affiliated group for tax-exemption purposes. Merced Housing Texas 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, Merced Housing Texas generated $9.9m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 9.1% each year. All expenses for the organization totaled $8.9m during the year ending 06/2022. While expenses have increased by 7.9% per year over the past 7 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
PROVIDING AFFORDABLE, SERVICE-ENRICHED HOUSING
Describe the Organization's Program Activity:
Part 3 - Line 4a
MULTIFAMILY HOUSING PROGRAM: THE PROGRAM PROVIDES 1,481 FAMILIES WITH QUALITY,AFFORDABLE HOMES IN MULTI-FAMILY COMMUNITIES OWNED OR DEVELOPED BY MERCED IN SANANTONIO, CORPUS CHRISTI, CONROE, SOMERSET, KARNES CITY, GOLIAD AND FORT WORTH. THEMAJORITY OF RESIDENTS IN OUR COMMUNITIES EARN 60% OR BELOW OF THE AREA MEDIAN INCOME(AMI) WHICH IS CLASSIFIED AS VERY LOW TO EXTREMELY LOW INCOME.
OWNER OCCUPIED REPAIR PROGRAM: SINCE ITS INCEPTION, THE PROGRAM HAS HELPED OVER 679OLDER ADULTS OR DISABLED HOMEOWNERS WHO LIVE ON LOW TO EXTREMELY LOW INCOMES (80% AMI OR BELOW) AND CANNOT AFFORD TO MAINTAIN THEIR HOMES IN A SAFE, SANITARY ANDSTRUCTURALLY SOUND CONDITION. MERCED MAKES HEALTH- AND SAFETY-RELATED REPAIRS TOHOMES IN BEXAR COUNTY AT NO COST TO HOMEOWNERS. REPAIRS RANGE IN COST FROM $125 TO$109,000 AND INCLUDE ADA MODIFICATIONS, ELECTRICAL, FOUNDATION, PLUMBING, ROOF,HEATING/AC AND MORE. MERCED ALSO PROVIDES SUPPORTIVE SOCIAL SERVICES TO HOMEOWNERSWITH THE GOAL OF IMPROVING THEIR HOUSING STABILITY AND WELL-BEING.
RESIDENT SERVICES PROGRAM: MERCED PROVIDES SUPPORTIVE SERVICES FOCUSED ON INCREASINGHOUSING STABILITY FOR RESIDENTS AT AFFORDABLE MULTIFAMILY AND SENIOR COMMUNITIES.THE PROGRAM FOCUSES ON HEALTH AND WELLNESS, FINANCIAL SECURITY, ADULT EDUCATION ANDYOUTH ENGAGEMENT. DURING THE YEAR ENDED JUNE 30 2021, 2,505 UNDUPLICATED RESIDENTSWERE SERVED BY THIS PROGRAM (OLDER ADULTS, FAMILIES AND YOUTH), 10,366 SUPPORTIVESERVICES REFERRALS WERE MADE AND OUTREACH EFFORTS TOUCHED 29,906 RESIDENTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kristin L Davila President | Officer | 40 | $136,864 |
Jesse Flores Jr Vice President | Officer | 40 | $85,602 |
Sue Yip Treasurer | Officer | 40 | $66,504 |
Larissa Hernandez Secretary | Officer | 40 | $46,608 |
Barbara U Alvarez Chair | OfficerTrustee | 1 | $0 |
Sr Jane Ann Slater Vice Chair | OfficerTrustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Cesar J Lopez Dba Cesars Remodeling Repair/maintenance | 6/29/22 | $319,950 |
Jose A Navarro Dba Tony Navarro Constt Repair/maintenance | 6/29/22 | $198,420 |
Roadrunner Remodeling Repair/maintenance | 6/29/22 | $197,366 |
Sonia Aguilar Dba Bbg Construction Repair/maintenance | 6/29/22 | $190,158 |
R&r Painting & Remodeling Repair/maintenance | 6/29/22 | $146,068 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $3,128,831 |
| All other contributions, gifts, grants, and similar amounts not included above | $144,210 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $3,273,041 |
| Total Program Service Revenue | $6,235,307 |
| Investment income | $75,438 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $5,889 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $9,858,961 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $1,063,008 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $296,392 |
| Compensation of current officers, directors, key employees. | $80,921 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,006,476 |
| Pension plan accruals and contributions | $21,596 |
| Other employee benefits | $154,373 |
| Payroll taxes | $93,044 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $120,745 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $208,837 |
| Advertising and promotion | $0 |
| Office expenses | $23,589 |
| Information technology | $30,101 |
| Royalties | $0 |
| Occupancy | $12,699 |
| Travel | $18,433 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $46,229 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,287,535 |
| Insurance | $13,195 |
| All other expenses | $41,657 |
| Total functional expenses | $8,902,622 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,097,793 |
| Savings and temporary cash investments | $8,557,981 |
| Pledges and grants receivable | $292,033 |
| Accounts receivable, net | $139,124 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $469,033 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $336,767 |
| Net Land, buildings, and equipment | $30,662,087 |
| Investments—publicly traded securities | $869,026 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $8,187,839 |
| Total assets | $50,611,683 |
| Accounts payable and accrued expenses | $494,007 |
| Grants payable | $0 |
| Deferred revenue | $35,685 |
| 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 | $41,188,033 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $151,567 |
| Total liabilities | $41,869,292 |
| Net assets without donor restrictions | $8,731,964 |
| Net assets with donor restrictions | $10,427 |
| 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 | $50,611,683 |