Mercy Housing Management Group Inc
- Assets
- $93.7m
- Revenue
- $22.2m
- Investments
- $0.0
- Employees
- 1,530
- Location
- Denver, CO
- Founding
- 00/0000
- Data as of
- 12/2021
- EIN
- 82-0376108
Organization Overview
Mercy Housing Management Group Inc is located in Denver, CO. The organization was established in 0000. According to its NTEE Classification (P85) the organization is classified as: Homeless Centers, under the broad grouping of Human Services and related organizations. As of 12/2021, Mercy Housing Management Group Inc employed 1,530 individuals. This organization is a subordinate organization within an affiliated group for tax-exemption purposes. Mercy Housing Management Group 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 12/2021, Mercy Housing Management Group Inc generated $22.2m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 5.9% each year. All expenses for the organization totaled $21.4m during the year ending 12/2021. While expenses have increased by 6.2% 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
PROPERTY MANAGEMENT OF MULTIFAMILY AFFORDABLE HOUSING UNITS SERVICING LOW-INCOME HOUSING FAMILIES, ELDERLY, HANDICAPPED, HOMELESS, OR OTHERWISE DISADVANTAGED PERSONS
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROPERTY MANAGEMENT ACTIVITIES INCLUDES MAINTENANCE OF SAFE AND SANITARY LIVING CONDITIONS, UPKEEP OF PHYSICAL BUILDINGS, DIRECT COMMUNICATION WITH RESIDENTS REGARDING PROBLEMS OR LIVING SPACE NEEDS, AND OVERSIGHT AND COMPLIANCE WITH ALL APPLICABLE LOCAL, STATE AND FEDERAL LAWS AND REGULATIONS REGARDING RENTAL HOUSING. THESE SERVICES ARE PROVIDED TO AFFILIATES OF MHMG AND OTHER NONPROFITS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Cheryll O'bryan President/director | OfficerTrustee | 40 | $341,524 |
Christopher Reed Senior Vice President | Officer | 40 | $292,257 |
Jeffrey Kohler Vice President | Officer | 40 | $236,896 |
Jacquie Hoffman Vice President | Officer | 40 | $234,251 |
Kevin Weishaar Vice President | Officer | 40 | $183,173 |
Suzanna Velasquez Vice President | Officer | 40 | $180,073 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Jeffrey Kohler Consulting | 12/30/17 | $161,698 |
K&m Search Partners Llc Executive Recruitment | 12/30/17 | $112,825 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| 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 | $0 |
| Total Program Service Revenue | $22,186,196 |
| Investment income | $0 |
| 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 | $22,186,196 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $118,090 |
| 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. | $3,163,476 |
| Compensation of current officers, directors, key employees. | $1,035,540 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $7,889,185 |
| Pension plan accruals and contributions | $294,280 |
| Other employee benefits | $1,262,434 |
| Payroll taxes | $756,450 |
| Fees for services: Management | $28,750 |
| Fees for services: Legal | $8,432 |
| Fees for services: Accounting | $18,281 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $1,108,851 |
| Advertising and promotion | $9,908 |
| Office expenses | $140,210 |
| Information technology | $27,131 |
| Royalties | $0 |
| Occupancy | $9,738 |
| Travel | $287,880 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $4,925 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $37,014 |
| All other expenses | $219,963 |
| Total functional expenses | $21,373,578 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $13,796,791 |
| 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 | $208,889 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $79,677,734 |
| Total assets | $93,683,414 |
| Accounts payable and accrued expenses | $5,984,512 |
| Grants payable | $0 |
| Deferred revenue | $7,778 |
| 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 | $87,741,869 |
| Total liabilities | $93,734,159 |
| Net assets without donor restrictions | -$50,745 |
| Net assets with donor restrictions | $0 |
| 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 | $93,683,414 |
Grants Recieved
Over the last fiscal year, we have identified 3 grants that Mercy Housing Management Group Inc has recieved totaling $621,098.
| Awarding Organization | Amount |
|---|---|
Mercy Housing Lakefront Denver, CO PURPOSE: LOW-INCOME HOUSING | $307,049 |
Mercy Housing Lakefront Denver, CO PURPOSE: LOW-INCOME HOUSING | $307,049 |
Credit Builders Alliance Inc Washington, DC PURPOSE: RENT REPORTING | $7,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Mercy Housing Management Group Inc Denver, CO | $93,683,414 | $22,186,196 |
Community Action Services And Food Bank Inc Provo, UT | $5,489,511 | $12,482,140 |
Albuquerque Health Care For The Homeless Inc Albuquerque, NM | $9,726,634 | $8,408,602 |
Shelter The Homeless Committee Inc Salt Lake City, UT | $80,598,080 | $5,255,300 |
Youth On Their Own Tucson, AZ | $15,056,651 | $5,729,576 |
The Inn Between Salt Lake City, UT | $5,928,190 | $2,354,240 |
Steelbridge Ministries Albuquerque, NM | $4,191,258 | $2,008,143 |
Casa De Peregrinos Inc Las Cruces, NM | $1,546,785 | $1,701,397 |
Interfaith Hospitality Network Of Colorado Springs Colorado Springs, CO | $529,555 | $1,413,360 |
Hope-Homeless Outreach Providing Encouragement Longmont, CO | $552,586 | $1,213,052 |
Arizona Housing Coalition Phoenix, AZ | $1,512,847 | $1,145,152 |
Colorado River Regional Crisis Services Parker, AZ | $640,987 | $928,797 |