Saving Mercy Corporation
- Assets
- $2.9m
- Revenue
- $1.2m
- Investments
- $0.0
- Employees
- 9
- Location
- Ocala, FL
- Founding
- 04/2017
- Data as of
- 12/2021
- 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 12/2021, Saving Mercy Corporation employed 9 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 12/2021, Saving Mercy Corporation generated $1.2m in total revenue. The organization has seen a slow decline revenue. Over the past 4 years, revenues have fallen by an average of (0.8%) each year. All expenses for the organization totaled $667.2k during the year ending 12/2021. 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
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 335 INDIVIDUALS IN 2021.
THE PROVISION OF HOUSING AND CASE MANAGEMENT TO HOMELESS PERSONS/FAMILIES. SERVED APPROXIMATLEY 26 HOUSEHOLDS/60 INDIVIDUALS IN 2021.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Stacey Collier Executive Di | Officer | 40 | $42,740 |
Richard Casey Jr Exec Directo | Officer | 40 | $18,462 |
Jason Halstead President | OfficerTrustee | 3 | $0 |
William Liberty Treasurer | OfficerTrustee | 1 | $0 |
Ken O'connor Vice Preside | OfficerTrustee | 3 | $0 |
Tom Rotello Secretary | OfficerTrustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $101,657 |
| All other contributions, gifts, grants, and similar amounts not included above | $671,863 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $773,520 |
| Total Program Service Revenue | $464,913 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | -$10,053 |
| 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 | $1,228,380 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $75,111 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $62,277 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $76,724 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $11,913 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $788 |
| Fees for services: Accounting | $6,075 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $233 |
| Office expenses | $2,691 |
| Information technology | $1,863 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $249 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $37,710 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $28,485 |
| Insurance | $32,118 |
| All other expenses | $87,499 |
| Total functional expenses | $667,161 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $706,359 |
| Savings and temporary cash investments | $0 |
| 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 | $5,417 |
| Net Land, buildings, and equipment | $2,073,652 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $158,885 |
| Total assets | $2,944,313 |
| Accounts payable and accrued expenses | $58,746 |
| 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 | $8,000 |
| Secured mortgages and notes payable | $825,138 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $891,884 |
| Net assets without donor restrictions | $1,385,277 |
| Net assets with donor restrictions | $667,152 |
| 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 | $2,944,313 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Saving Mercy Corporation has recieved totaling $25,000.
| Awarding Organization | Amount |
|---|---|
Goldman Sachs Philanthropy Fund New York, NY PURPOSE: GENERAL SUPPORT | $25,000 |
Endowment Analysis
| Beg. Balance | $200,375 |
| Net Contributions | $466,777 |
| Ending Balance | $667,152 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Miami Rescur Mission Broward Outreach Centers Inc Miami, FL | $28,818,894 | $17,146,687 |
Lords Place Inc West Palm Beach, FL | $31,681,290 | $13,733,660 |
St Matthews House Inc Naples, FL | $47,342,847 | $18,573,834 |
Broward Partnership For The Homeless Inc Fort Lauderdale, FL | $11,825,164 | $15,103,298 |
Sundari Foundation Inc Miami Beach, FL | $10,261,561 | $14,225,346 |
Waterfront Rescue Mission Inc Pensacola, FL | $22,275,311 | $19,399,994 |
Downtown Rescue Mission Inc Huntsville, AL | $14,737,773 | $10,441,439 |
24 7 Gateway Llc Atlanta, GA | $7,682,013 | $8,328,341 |
Hibiscus Childrens Center Inc Jensen Beach, FL | $5,361,339 | $8,228,127 |
Partners For Home Inc Atlanta, GA | $5,368,701 | $9,349,512 |
Orlando Union Rescue Mission Inc Orlando, FL | $18,067,054 | $7,873,484 |
Homeless Emergency Project Inc Clearwater, FL | $23,656,612 | $6,956,327 |