Mercy Housing California
- Assets
- $227.8m
- Revenue
- $51.7m
- Investments
- $10.1m
- Employees
- 0
- Location
- Denver, CO
- Founding
- 06/2009
- Data as of
- 12/2021
- EIN
- 94-3081666
Organization Overview
Mercy Housing California is located in Denver, CO. The organization was established in 2009. 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 California 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 California generated $51.7m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 9.4% each year. All expenses for the organization totaled $41.3m during the year ending 12/2021. While expenses have increased by 9.5% 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 California has awarded 94 individual grants totaling $43,771,457. 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 FACILITIES FOR FAMILIES, SENIORS, PEOPLE WITH SPECIAL NEEDS, AND INDIVIDUALS LACKING SIGNIFICANT RESOURCES
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 OR SINGLE FAMILY HOUSING UNITS TO PROVIDE AFFORDABLE HOUSING TO LOW-INCOME RESIDENTS, OBTAINING FINANCING FOR THE DEVELOPMENT OF LOW-INCOME PROPERTIES AND HOUSING UNITS, AND MANAGING THE CONSTRUCTION AND/OR REHABILITATION OF LOW-INCOME PROPERTIES AND HOUSING UNITS 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.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Alvin Tuvilla Vice President | Officer | 1 | $0 |
Amy Bayley Assistant Secretary | Officer | 1 | $0 |
Barbara Gualco Vice President | Officer | 1 | $0 |
Bruce Saab Vice President | Officer | 1 | $0 |
Chad Payne Treasurer | Officer | 1 | $0 |
Doug Shoemaker President | Officer | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Recovery Room Food Service | 12/30/21 | $366,200 |
Zen Development Consultants | 12/30/21 | $263,170 |
Onside Partners Llc Consultants | 12/30/21 | $100,198 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $9,578,284 |
| Government grants | $3,227,035 |
| All other contributions, gifts, grants, and similar amounts not included above | $7,827,587 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $20,632,906 |
| Total Program Service Revenue | $30,207,594 |
| Investment income | $825,718 |
| 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 | $51,666,218 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $13,996,001 |
| 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 | $13,052,823 |
| Pension plan accruals and contributions | $416,926 |
| Other employee benefits | $1,681,052 |
| Payroll taxes | $917,391 |
| Fees for services: Management | $731,321 |
| Fees for services: Legal | -$22,899 |
| Fees for services: Accounting | $96,058 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $470,517 |
| Advertising and promotion | $13,673 |
| Office expenses | $625,097 |
| Information technology | $72,502 |
| Royalties | $0 |
| Occupancy | $629,156 |
| Travel | $82,708 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $17,607 |
| Interest | $4,079 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $167,820 |
| Insurance | $92,623 |
| All other expenses | $381,058 |
| Total functional expenses | $41,315,596 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $8,205,027 |
| Pledges and grants receivable | $19,367,971 |
| Accounts receivable, net | $8,132,619 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $1,424,203 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $272,657 |
| Net Land, buildings, and equipment | $4,420,382 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $10,085,000 |
| Investments—program-related | $3,387,120 |
| Intangible assets | $0 |
| Other assets | $172,537,960 |
| Total assets | $227,832,939 |
| Accounts payable and accrued expenses | $3,665,469 |
| Grants payable | $0 |
| Deferred revenue | $2,633,709 |
| 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 | $8,570,000 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $16,501,541 |
| Total liabilities | $31,370,719 |
| Net assets without donor restrictions | $156,059,737 |
| Net assets with donor restrictions | $40,402,483 |
| 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 | $227,832,939 |
Grants Awarded
Over the last fiscal year, Mercy Housing California has awarded $13,938,555 in support to 29 organizations.
| Grant Recipient | Amount |
|---|---|
Denver, CO PURPOSE: PORTFOLIO PRESERVATION PROJECT | $4,647,465 |
MERCY MORGAN DEVELOPMENT GP PURPOSE: GIFT TO GP | $1,854,270 |
WEST CAPITOL DIGNITY HEALTHWOODLAND MEMORIAL HOSPITAL PURPOSE: GP CAPITAL CONTRIBUTION | $1,671,594 |
MERCY KIMBALL DEVELOPMENT GP PURPOSE: GIFT TO GP | $1,473,630 |
PARCEL O455 FELL PURPOSE: DEVELOPMENT FEE PAYMENT FROM GP EQUITY | $1,382,638 |
SUNNYDALE PURPOSE: RENT AND OTHER NEEDS DURING THE PANDEMIC | $689,246 |
Grants Recieved
Over the last fiscal year, we have identified 6 grants that Mercy Housing California has recieved totaling $285,816.
| Awarding Organization | Amount |
|---|---|
Mercy Housing Inc Denver, CO PURPOSE: LOW-INCOME HOUSING | $165,502 |
Placer Community Foundation Auburn, CA PURPOSE: Health & Human Services | $55,000 |
Local Initiatives Support Corporation New York, NY PURPOSE: SEE PART IV | $30,000 |
Enterprise Community Partners Inc Columbia, MD PURPOSE: CAPACITY BUILDING | $16,836 |
American Online Giving Foundation Inc Newark, DE PURPOSE: GENERAL SUPPORT | $10,478 |
Schwab Charitable Fund San Francisco, CA PURPOSE: HUMAN SERVICES | $8,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
City Of Scottsdale Municipal Property Corp Scottsdale, AZ | $479,997,584 | $48,828,086 |
Foundation For Affordable Housing Omaha, NE | $529,060,224 | $34,736,721 |
Mercy Housing California Denver, CO | $227,832,939 | $51,666,218 |
Northeast Denver Housing Center Inc Denver, CO | $58,407,194 | $39,072,373 |
Mercy Housing Inc Denver, CO | $121,949,049 | $44,644,651 |
Mercy Housing Lakefront Denver, CO | $45,086,430 | $37,545,157 |
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 |