Merritt Community Capital Corp

Organization Overview

Merritt Community Capital Corp is located in Oakland, CA. The organization was established in 1996. According to its NTEE Classification (L99) the organization is classified as: Housing & Shelter N.E.C., under the broad grouping of Housing & Shelter and related organizations. As of 12/2021, Merritt Community Capital Corp employed 11 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Merritt Community Capital Corp 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, Merritt Community Capital Corp generated $8.7m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 7.7% each year. All expenses for the organization totaled $3.5m during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.

Since 2015, Merritt Community Capital Corp has awarded 34 individual grants totaling $529,108. 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.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2021

Describe the Organization's Mission:

Part 3 - Line 1

TO SUPPORT AND RAISE CAPITAL FOR THE DEVELOPMENT OF LOW TO MODERATE-INCOME HOUSING IN THE STATE OF CALIFORNIA.

Describe the Organization's Program Activity:

Part 3 - Line 4a

THE CORPORATION WAS FORMED TO ACT AS THE GENERAL PARTNER IN PARTNERSHIPS WHICH HAVE INVESTED IN LOCAL PARTNERSHIPS, WHICH BUILD OR REHABILITATE UNITS OF AFFORDABLE HOUSING UNDER THE PROVISIONS OF IRS SEC. 42. THE CORPORATION PROVIDES SUPPORTING SERVICES TO THESE PARTNERSHIPS ON AN ONGOING BASIS.


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Outside Vendors & Contractors

Vendor Name (Service)Compensation
Dauby O'connor & Zaleski Llc
Audit & Tax Preparation & Consulting
$253,580
Carle Mackie Power & Ross Llp
Attorneys
$153,098
Candeur Group Llc
Technical Assistance
$125,000
View All Vendors

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$0
Related organizations$0
Government grants $243,217
All other contributions, gifts, grants, and similar amounts not included above$100,951
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$344,168
Total Program Service Revenue$8,344,483
Investment income $3,553
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 $8,692,204

Grants Awarded

Over the last fiscal year, Merritt Community Capital Corp has awarded $53,434 in support to 3 organizations.

Grant RecipientAmount

THE UNIVERSITY CORPORATION AT SFSU

Org PageRecipient Profile

San Francisco, CA

PURPOSE: FUND FOR ENGAGED HOUSING RESEARCH

$30,000

THE UNIVERSITY CORPORATION AT SFSU

Org PageRecipient Profile

San Francisco, CA

PURPOSE: SCHOLARSHIP FUND IN URBAN STUDIES AND PLANNING

$14,000

THE UNIVERSITY CORPORATION AT SFSU

Org PageRecipient Profile

San Francisco, CA

PURPOSE: BERNARD T. DEASY HONORARY SCHOLARSHIP IN PUBLIC ADMINISTRATION

$9,434
View Grant Profile

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