Mercy Housing Calwest
- Assets
- $65.6m
- Revenue
- $23.4m
- Investments
- $0.0
- Employees
- 0
- Location
- Denver, CO
- Founding
- 08/1985
- Data as of
- 12/2022
- EIN
- 94-2963228
Organization Overview
Mercy Housing Calwest is located in Denver, CO. The organization was established in 1985. 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 Housing Calwest 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, Mercy Housing Calwest generated $23.4m in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 27.4% each year . All expenses for the organization totaled $7.2m during the year ending 12/2022. While expenses have increased by 4.1% per year over the past 8 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO MANAGE AND DIRECT LOW-INCOME HOUSING AND PROVIDE SERVICES TO LOW-INCOME FAMILIES, ELDERLY, HANDICAPPED, HOMELESS, POTENTIALLY HOMELESS, OR OTHERWISE DISADVANTAGED PERSONS
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO MANAGE AND DIRECT LOW-INCOME HOUSING AND PROVIDE SERVICES TO LOW-INCOME FAMILIES, ELDERLY, HANDICAPPED, HOMELESS, POTENTIALLY HOMELESS, OR OTHERWISE DISADVANTAGED PERSONS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Barbara Gualco Vice President/director | OfficerTrustee | 1 | $0 |
Doug Shoemaker President/director | OfficerTrustee | 1 | $0 |
Melissa Clayton Vice President/director | OfficerTrustee | 1 | $0 |
Alvin Tuvilla Vice President | Officer | 1 | $0 |
Amy Bayley Assistant Secretary | Officer | 1 | $0 |
Bruce Saab Vice President | Officer | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $12,916,495 |
| Government grants | $5,399,109 |
| 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 | $18,315,604 |
| Total Program Service Revenue | $4,931,551 |
| Investment income | $102,875 |
| 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 | $23,350,030 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $100,000 |
| 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 | $553,662 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $346,954 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $733,260 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $72,764 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $783,566 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $7,198,310 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $813,689 |
| Savings and temporary cash investments | $690,764 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $1,482,137 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $50,000 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $63,602 |
| Net Land, buildings, and equipment | $19,225,057 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $21,626,639 |
| Intangible assets | $0 |
| Other assets | $21,608,500 |
| Total assets | $65,560,388 |
| Accounts payable and accrued expenses | $1,960,716 |
| Grants payable | $0 |
| Deferred revenue | $2,001,619 |
| 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 | $7,776,147 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $68,333,928 |
| Total liabilities | $80,072,410 |
| Net assets without donor restrictions | -$17,512,022 |
| Net assets with donor restrictions | $3,000,000 |
| 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 | $65,560,388 |
Grants Awarded
Over the last fiscal year, Mercy Housing Calwest has awarded $3,519,615 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
MERCY HOUSING INC PURPOSE: LOW INCOME HOUSING | $20,600 |
MERCY HOUSING CALIFORNIA 71 LP PURPOSE: LOW INCOME HOUSING | $3,499,015 |