Mercy Bond Properties Colorado I
- Assets
- $2.5m
- Revenue
- $591.3k
- Investments
- $0.0
- Employees
- 0
- Location
- Denver, CO
- Founding
- 12/1999
- Data as of
- 12/2021
- EIN
- 94-3286321
Organization Overview
Mercy Bond Properties Colorado I is located in Denver, CO. The organization was established in 1999. According to its NTEE Classification (L25) the organization is classified as: Housing Rehabilitation, 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 Bond Properties Colorado I 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 Bond Properties Colorado I generated $591.3k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 1.6% each year. All expenses for the organization totaled $512.6k during the year ending 12/2021. 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 HOUSING FACILITIES, EDUCATION, AND SUPPORT FOR LOW-INCOME, HOMELESS, 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 AND SINGLE FAMILY HOUSING UNITS. THESE WOULD HELP TO PROVIDE AFFORDABLE HOUSING TO LOW-INCOME RESIDENTS, OBTAIN FINANCING FOR THE DEVELOPMENT OF LOW-INCOME PROPERTIES AND HOUSING UNITS, AND MANAGE THE CONSTRUCTION AND/OR REHABILITATION OF LOW-INCOME PROPERTIES AND HOUSING UNITS THROUGH OBTAINING THE CERTIFICATION OF OCCUPANCY PROJECT COMPLETION. THE PROJECT CONSISTS OF 54 UNITS LOCATED IN DENVER, COLORADO.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Bruce Saab Vice President/director | OfficerTrustee | 1 | $0 |
Joseph Rosenblum Secretarydirector | OfficerTrustee | 1 | $0 |
Melissa Clayton President/director | OfficerTrustee | 1 | $0 |
Steve Spears Treasurer | Officer | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $406,007 |
| 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 | $406,007 |
| Total Program Service Revenue | $185,319 |
| Investment income | $1 |
| 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 | $591,327 |
| 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 | $65,096 |
| Pension plan accruals and contributions | $357 |
| Other employee benefits | $3,512 |
| Payroll taxes | $5,277 |
| Fees for services: Management | $34,992 |
| Fees for services: Legal | $1,609 |
| Fees for services: Accounting | $15,961 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $5,385 |
| Advertising and promotion | $0 |
| Office expenses | $10,708 |
| Information technology | $1,941 |
| Royalties | $0 |
| Occupancy | $183,759 |
| Travel | $422 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $138 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $114,653 |
| Insurance | $0 |
| All other expenses | $911 |
| Total functional expenses | $512,611 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $307,564 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $6,070 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $11,625 |
| Net Land, buildings, and equipment | $1,950,895 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $207,762 |
| Total assets | $2,483,916 |
| Accounts payable and accrued expenses | $21,918 |
| Grants payable | $0 |
| Deferred revenue | $1,754 |
| 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 | $2,205,459 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $11,510 |
| Total liabilities | $2,240,641 |
| Net assets without donor restrictions | $243,275 |
| Net assets with donor restrictions | $0 |
| 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 | $2,483,916 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
The Primavera Foundation Inc Tucson, AZ | $17,866,419 | $11,969,146 |
Holy Name Housing Corporation Omaha, NE | $22,109,474 | $11,884,709 |
Del Norte Neighborhood Development Corporation Denver, CO | $34,154,860 | $3,468,317 |
Habitat For Humanity International Inc Durango, CO | $4,364,928 | $1,729,163 |
Tenants To Homeowners Inc Lawrence, KS | $10,120,385 | $1,474,160 |
Mennonite Housing Rehabilatation Services Inc Wichita, KS | $8,957,159 | $1,813,824 |
Boulder Housing Coalition Boulder, CO | $4,706,704 | $707,293 |
Mother Marys Sober Home Inc Littleton, CO | $19,442 | $502,925 |
Mercy Bond Properties Colorado I Denver, CO | $2,483,916 | $591,327 |
Johnson County Housing Coalition Inc Shawnee Mission, KS | $0 | $0 |
Aurora Housing Corporation Denver, CO | $12,062,943 | $724,944 |
Hopebuilders Home Repair Inc Overland Park, KS | $339,034 | $410,644 |