Mercy Housing Northwest
- Assets
- $73.5m
- Revenue
- $9.5m
- Investments
- $0.0
- Employees
- 0
- Location
- Denver, CO
- Founding
- 10/2009
- Data as of
- 12/2021
- EIN
- 91-1546525
Organization Overview
Mercy Housing Northwest is located in Denver, CO. The organization was established in 2009. 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. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Mercy Housing Northwest 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 Northwest generated $9.5m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 10.3% each year . All expenses for the organization totaled $11.0m during the year ending 12/2021. While expenses have increased by 11.7% 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.
Since 2015, Mercy Housing Northwest has awarded 18 individual grants totaling $2,878,748. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO DEVELOP, OWN AND OPERATE LOW-INCOME HOUSING AND PROVIDE SERVICES TO LOW-INCOME FAMILIES, ELDERLY, HOMELESS HANDICAPPED, POTENTIALLY HOMELESS,OR OTHERWISE DISADVANTAGED PERSONS
Describe the Organization's Program Activity:
Part 3 - Line 4a
HOUSING DEVELOPMENT PROGRAMS AND SERVICES INCLUDE ACQUIRING ACCEPTABLE LOCATIONS FOR EITHER NEW CONSTRUCTION OR REHABILITATION OF EXISTING PROPERTIES FOR MULTI-FAMILY RENTAL PROPERTIES TO PROVIDE AFFORDABLE HOUSING TO LOW-INCOME RESIDENTS, OBTAINING FINANCING FOR THE DEVELOPMENT OF LOW-INCOME PROPERTIES, AND MANAGING THE CONSTRUCTION AND/OR REHABILITATION OF LOW-INCOME PROPERTIES THROUGH OBTAINING THE CERTIFICATION OF OCCUPANCY AND PROJECT COMPLETION.
RESIDENT SERVICES AND PROGRAMS ARE PROVIDED FREE OF CHARGE TO RESIDENTS OF LOW-INCOME MULTI-FAMILY RENTAL PROPERTIES INCLUDING FAMILIES, SENIORS, AND PEOPLE WITH SPECIAL NEEDS. THE RESIDENT SERVICES AND PROGRAMS FALL INTO FOUR PRIMARY AREAS - EDUCATION, COMMUNITY, HEALTH AND WELLNESS, AND ECONOMIC STABILITY. RESIDENT SERVICES AND PROGRAMS ARE TAILORED TO MEET THE NEEDS OF EACH LOW-INCOME HOUSING COMMUNITY, INCLUDING AFTER-SCHOOL PROGRAMS FOR CHILDREN, GED AND ENGLISH COURSES, EMPLOYMENT INITIATIVES AND HOMEOWNERSHIP SEMINARS.
ASSET MANAGEMENT SERVICES ARE PROVIDED TO LOW-INCOME MULTI-FAMILY RENTAL PROPERTIES AND INCLUDE PREPARING AND MANAGING ANNUAL OPERATING BUDGETS, PREPARING REPORTS FOR INVESTORS AND LENDERS OVERSEEING THE PROPERTY MANAGEMENT SERVICES, AND ENSURING AND MONITORING COMPLIANCE TO MEET REGULATORY AND ELIGIBILITY REQUIREMENTS OF RESIDENTS.
CONSULTING SERVICES FOR OTHER NON-PROFIT DEVELOPERS OF AFFORDABLE HOUSING AND COMMUNITY DEVELOPMENT SERVICES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Melissa Clayton Vice President | Officer | 1 | $0 |
Steve Spears Treasurer | Officer | 1 | $0 |
Joseph Rosenblum Secretary | Officer | 1 | $0 |
Colin Morgan-Cross Vice President | Officer | 1 | $0 |
Bruce Saab Vice President | Officer | 1 | $0 |
Jacqueline Fernandes Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $485,960 |
| Government grants | $1,278,060 |
| All other contributions, gifts, grants, and similar amounts not included above | $3,408,475 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $5,172,495 |
| Total Program Service Revenue | $4,282,131 |
| Investment income | $55,169 |
| 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 | $9,509,795 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $1,013,032 |
| 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 | $2,266,218 |
| Pension plan accruals and contributions | $73,184 |
| Other employee benefits | $271,563 |
| Payroll taxes | $172,749 |
| Fees for services: Management | $176,056 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $19,081 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $105,480 |
| Advertising and promotion | $3,705 |
| Office expenses | $440,635 |
| Information technology | $28,883 |
| Royalties | $0 |
| Occupancy | $262,462 |
| Travel | $15,386 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $237 |
| Interest | $22,649 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $65,535 |
| Insurance | $13,760 |
| All other expenses | $33,463 |
| Total functional expenses | $11,004,227 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $23,821 |
| Savings and temporary cash investments | $1,670,897 |
| Pledges and grants receivable | $422,679 |
| Accounts receivable, net | $117,758 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $50,711,626 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $17,031 |
| Net Land, buildings, and equipment | $1,144,400 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $6,236,226 |
| Intangible assets | $0 |
| Other assets | $13,202,931 |
| Total assets | $73,547,369 |
| Accounts payable and accrued expenses | $510,416 |
| Grants payable | $0 |
| Deferred revenue | $1,752,138 |
| 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 | $970,733 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $1,470,182 |
| Total liabilities | $4,703,469 |
| Net assets without donor restrictions | $68,439,982 |
| Net assets with donor restrictions | $403,918 |
| 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 | $73,547,369 |
Grants Awarded
Over the last fiscal year, Mercy Housing Northwest has awarded $1,009,372 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
MHNW FAMILY SERVICES CENTER COMMERCIAL LLC PURPOSE: GRANT PAID PROPERTY EXPENSES | $923,412 |
EVERGREEN VISTA 1 OWNER LP PURPOSE: GRANT PAID PROPERTY EXPENSES | $85,960 |
Grants Recieved
Over the last fiscal year, we have identified 10 grants that Mercy Housing Northwest has recieved totaling $441,046.
| Awarding Organization | Amount |
|---|---|
Mercy Housing Inc Denver, CO PURPOSE: LOW-INCOME HOUSING | $183,596 |
The Seattle Foundation Seattle, WA PURPOSE: TO PROVIDE GENERAL SUPPORT; VACCINATION EFFORTS IN DISPROPORTIONATELY IMPACTED COMMUNITIES; GENERAL OPERATING SUPPORT/COVID-19 RELIEF EFFORTS | $80,000 |
American Online Giving Foundation Inc Newark, DE PURPOSE: GENERAL SUPPORT | $44,267 |
Whatcom Community Foundation Bellingham, WA PURPOSE: EDUCATION | $25,000 |
United Way Of Whatcom County Bellingham, WA PURPOSE: HEALTH & WELFARE | $25,000 |
The Albertsons Companies Foundation Pleasanton, CA PURPOSE: HUNGER | $25,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Irc Ii Inc Omaha, NE | $77,092,812 | $15,244,348 |
Mercy Housing Wheaton Nfp Denver, CO | -$15,968,467 | $14,335,053 |
Rocky Mountain Mutual Housing Association Inc Denver, CO | $89,135,511 | $15,318,775 |
Equality Community Housing Corporation Glendale, AZ | $43,109,186 | $12,960,879 |
Mercy Housing Northwest Denver, CO | $73,547,369 | $9,509,795 |
Ark Regional Services Inc Laramie, WY | $4,970,092 | $7,518,317 |
Community Housing Concepts Inc Denver, CO | $87,603,673 | $7,035,643 |
Community Resources & Housing Development Corporation Westminster, CO | $39,546,722 | $6,041,584 |
Elevation Community Land Trust Denver, CO | $49,445,560 | $8,122,320 |
Residences At Eaton Senior Communities Lakewood, CO | $12,361,716 | $4,288,663 |
Arizona Housing Inc Phoenix, AZ | $15,313,221 | $3,724,119 |
Thistle Community Housing Boulder, CO | $53,794,788 | $7,131,075 |