Mercy Community Capital
- Assets
- $102.7m
- Revenue
- $12.6m
- Investments
- $0.0
- Employees
- 0
- Location
- Denver, CO
- Founding
- 02/2001
- Data as of
- 12/2021
- EIN
- 84-1559406
Organization Overview
Mercy Community Capital is located in Denver, CO. The organization was established in 2001. According to its NTEE Classification (L20) the organization is classified as: Housing Development, Construction & Management, 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 Community Capital 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 Community Capital generated $12.6m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 17.9% each year . All expenses for the organization totaled $3.9m during the year ending 12/2021. While expenses have increased by 5.9% 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE BELOW-MARKET LOANS AND TO SERVE AS A FINANCIAL AND TECHNICAL RESOURCE TO SUPPORT HOUSING DEVELOPMENT ACTIVITIES THAT BENEFIT LOW-INCOME RESIDENTS
Describe the Organization's Program Activity:
Part 3 - Line 4a
LENDING ACTIVITIES INCLUDE UNDERWRITING, CREDIT REVIEW, CASH AND INVESTMENT MANAGEMENT AND LOAN SERVICING FOR A DIVERSE PORTFOLIO OF LOANS COVERING PROPERTIES LOCATED IN OVER 42 STATES AND PUERTO RICO.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jaime Gomez Chair/director | OfficerTrustee | 1 | $0 |
Yvonne Camacho Vice Chair/director | OfficerTrustee | 1 | $0 |
Debra Walsh Vice President | Officer | 1 | $0 |
Brian Sample Vice President | Officer | 1 | $0 |
Stefanie Joy Vice President | Officer | 1 | $0 |
Joe Rosenblum Assistant Secretary | Officer | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $6,826,265 |
| All other contributions, gifts, grants, and similar amounts not included above | $168,549 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $6,994,814 |
| Total Program Service Revenue | $5,479,901 |
| Investment income | $151,236 |
| 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 | $12,625,951 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,011,524 |
| Pension plan accruals and contributions | $51,724 |
| Other employee benefits | $133,831 |
| Payroll taxes | $71,626 |
| Fees for services: Management | $10,000 |
| Fees for services: Legal | $19,054 |
| Fees for services: Accounting | $22,500 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $2,514 |
| Office expenses | $32,151 |
| Information technology | $1,468 |
| Royalties | $0 |
| Occupancy | $21,916 |
| Travel | $6,915 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $4,144 |
| Interest | $1,366,914 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $3,184 |
| All other expenses | $6,399 |
| Total functional expenses | $3,930,804 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,335,175 |
| Savings and temporary cash investments | $3,493,847 |
| 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 | $93,170,708 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $82,849 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $284,475 |
| Intangible assets | $569,400 |
| Other assets | $3,723,801 |
| Total assets | $102,660,255 |
| Accounts payable and accrued expenses | $389,076 |
| 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 | $25,000 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $51,377,185 |
| Other liabilities | $8,893,297 |
| Total liabilities | $60,684,558 |
| Net assets without donor restrictions | $38,885,697 |
| Net assets with donor restrictions | $3,090,000 |
| 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 | $102,660,255 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Mercy Community Capital has recieved totaling $50,054.
| Awarding Organization | Amount |
|---|---|
Tides Foundation San Francisco, CA PURPOSE: HEALTHY INDIVIDUALS AND COMMUNITIES | $50,000 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $54 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Brothers Redevelopment Inc Edgewater, CO | $28,566,111 | $21,890,998 |
Habitat For Humanity International Inc Omaha, NE | $36,900,454 | $19,457,975 |
Habitat For Humanity International Inc Tulsa, OK | $20,375,468 | $13,816,169 |
South Of Market Mercy Housing Denver, CO | $1,397,293 | $161,294 |
Mccalls Community Homes Inc Ada, OK | $3,788,949 | $9,810,630 |
Western Region Nonprofit Housing Corporation Salt Lake City, UT | $76,676,954 | $12,236,656 |
Habitat For Humanity Tucson Inc Tucson, AZ | $32,170,830 | $10,758,994 |
Habitat For Humanity International Inc Glenwood Springs, CO | $10,815,473 | $6,555,105 |
Utah Nonprofit Housing Corporation Salt Lake City, UT | $66,026,062 | $36,661,110 |
Mercy Housing South East Denver, CO | $32,176,710 | $9,687,514 |
Save The Family Foundation Of Arizona Mesa, AZ | $6,981,907 | $8,677,083 |
Pikes Peak Habitat For Humanity Inc Colorado Springs, CO | $13,774,284 | $6,271,945 |