Saving Mercy Corporation
- Assets
- $3.0m
- Revenue
- $767.5k
- Investments
- $0.0
- Employees
- 11
- Location
- Ocala, FL
- Founding
- 04/2017
- Data as of
- 12/2022
- EIN
- 81-4404138
Organization Overview
Saving Mercy Corporation is located in Ocala, FL. The organization was established in 2017. According to its NTEE Classification (L41) the organization is classified as: Homeless Shelters, under the broad grouping of Housing & Shelter and related organizations. As of 12/2022, Saving Mercy Corporation employed 11 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Saving Mercy Corporation 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, Saving Mercy Corporation generated $767.5k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 5 years, the organization has seen revenues fall by an average of (9.5%) each year. All expenses for the organization totaled $666.4k during the year ending 12/2022. 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
TO PROVIDE HOUSING AND CASE MANAGEMENT SERVICES TO AT-RISK AND VULNERABLE HOMELESS IN FAITH BASED ENVIROMENT.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE PROVISION OF AFFORDABLE HOUSING TO VERY LOW AND LOW INCOME PERSONS/FAMILIES. SERVED APPROXIMATELY 540 INDIVIDUALS IN 2022.
THE PROVISION OF HOUSING AND CASE MANAGEMENT TO HOMELESS PERSONS/FAMILIES. SERVED APPROXIMATLEY 34 HOUSEHOLDS/66 INDIVIDUALS IN 2022.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Stacey Collier Executive Di | Officer | 40 | $50,733 |
Mike Boyle Director | Trustee | 1 | $0 |
Niall Brennan Director | Trustee | 1 | $0 |
Dandrienne Brown Former Direc | Trustee | 1 | $0 |
Elizabeth Egan Former Direc | Trustee | 1 | $0 |
Steve Farrell Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $35,465 |
| Related organizations | $0 |
| Government grants | $187,268 |
| All other contributions, gifts, grants, and similar amounts not included above | $78,594 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $301,327 |
| Total Program Service Revenue | $473,063 |
| Investment income | $228 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | -$6,837 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | -$272 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $767,509 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $112,908 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $45,833 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $73,808 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $11,448 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $2,970 |
| Fees for services: Accounting | $11,558 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $1,905 |
| Office expenses | $7,224 |
| Information technology | $320 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $1,450 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $36,554 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $29,255 |
| Insurance | $38,021 |
| All other expenses | $54,099 |
| Total functional expenses | $666,380 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $47,448 |
| Savings and temporary cash investments | $698,220 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| 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 | $0 |
| Net Land, buildings, and equipment | $2,041,148 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $209,340 |
| Total assets | $2,996,156 |
| Accounts payable and accrued expenses | $19,803 |
| 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 | $822,795 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $842,598 |
| Net assets without donor restrictions | $1,455,338 |
| Net assets with donor restrictions | $698,220 |
| 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 | $2,996,156 |