Village Of Merici Inc
- Assets
- $3.6m
- Revenue
- $2.4m
- Investments
- $0.0
- Employees
- 69
- Location
- Indianapolis, IN
- Founding
- 06/2008
- Data as of
- 12/2021
- EIN
- 43-2104075
Organization Overview
Village Of Merici Inc is located in Indianapolis, IN. The organization was established in 2008. 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. As of 12/2021, Village Of Merici Inc employed 69 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Village Of Merici Inc 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, Village Of Merici Inc generated $2.4m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 42.2% each year . All expenses for the organization totaled $1.5m during the year ending 12/2021. While expenses have increased by 26.4% 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
THE VILLAGE OF MERICI FOSTERS INDEPENDENCE DEVELOPMENT AND ASSURES PURPOSE-FILLED LIVES FOR ADULTS WITH DEVELOPMENTAL DISABILITIES BY BUILDING AND SUSTAINING A NEIGHBORHOOD VILLAGE WHICH OFFERS A CONTINUUM OF SUPPORT AND OPTIONS IN ALL AREAS OF LIVING INCLUDING RESIDENTIAL, OCCUPATIONAL, SPIRITUAL AND SOCIAL.
Describe the Organization's Program Activity:
Part 3 - Line 4a
SERVICE DELIVERY - SUPPORT LIVING SERVICES PROVIDES OPPORTUNITIES TO INDIVIDUALS WITH INTELLECTUAL AND/OR DEVELOPMENTAL DISABILITIES TO HELP PROMOTE THEIR PERSONAL, SOCIAL, AND VOCATIONAL COMPETENCY TO LIVE SUCCESSFULLY IN THEIR OWN RESIDENTIAL SETTING. SERVICES INCLUDE ASSISTANCE IN CHOICE AND MAINTAINING AFFORDABLE HOUSING, TRAINING IN HEALTHY LIFESTYLES AND DAILY LIVING SKILLS, AND TRAINING IN INCOME GENERATING ACTIVITIES.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Colleen Renie Executive Di | Officer | 50 | $82,080 |
Victoria Pierceall Treasurer | OfficerTrustee | 1 | $0 |
Toby Mcclamroch Board Chairm | OfficerTrustee | 5 | $0 |
Jill Rusk Secretary | OfficerTrustee | 1 | $0 |
Tim Specht Vice Preside | OfficerTrustee | 1 | $0 |
Frank Hutnicke MD Board Member | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $82,365 |
| Related organizations | $0 |
| Government grants | $18,316 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,271,590 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,372,271 |
| Total Program Service Revenue | $957,506 |
| Investment income | $15,806 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $3,867 |
| Net Income from Fundraising Events | -$8,953 |
| Net Income from Gaming Activities | $5,384 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,362,540 |
| 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. | $82,080 |
| Compensation of current officers, directors, key employees. | $11,353 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,029,555 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $6,032 |
| Payroll taxes | $92,143 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $6,180 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $32,459 |
| Advertising and promotion | $32,649 |
| Office expenses | $35,275 |
| Information technology | $19,250 |
| Royalties | $0 |
| Occupancy | $16,330 |
| Travel | $530 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $2,652 |
| Interest | $264 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $20,028 |
| Insurance | $27,896 |
| All other expenses | $6,468 |
| Total functional expenses | $1,518,510 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $135,404 |
| Savings and temporary cash investments | $2,455,931 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $209,959 |
| 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 | $3,665 |
| Net Land, buildings, and equipment | $260,459 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $550,205 |
| Total assets | $3,615,623 |
| Accounts payable and accrued expenses | $57,913 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| 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 | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $1,020 |
| Total liabilities | $58,933 |
| Net assets without donor restrictions | $1,215,487 |
| Net assets with donor restrictions | $2,341,203 |
| 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 | $3,615,623 |
Grants Recieved
Over the last fiscal year, we have identified 19 grants that Village Of Merici Inc has recieved totaling $600,799.
| Awarding Organization | Amount |
|---|---|
Lilly Endowment Inc Indianapolis, IN PURPOSE: SUPPORT FOR CAPITAL CAMPAIGN | $250,000 |
Dorsey Foundation Inc Indianapolis, IN PURPOSE: GENERAL | $100,000 |
Dorsey Foundation Inc Indianapolis, IN PURPOSE: GENERAL | $50,000 |
Healthcare Initiatives Inc Indianapolis, IN PURPOSE: NEW BUILDING CAPITAL CAMPAIGN | $50,000 |
American Endowment Foundation Hudson, OH PURPOSE: HOUSING, SHELTER | $30,400 |
Schwab Charitable Fund San Francisco, CA PURPOSE: HUMAN SERVICES | $24,350 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
North East Community Action Corporation Bowling Green, MO | $19,489,309 | $16,722,475 |
Affordable Housing Development Fund Inc Rockford, IL | $87,465,066 | $18,557,415 |
Chicago Low Income Housing Trust Fund Chicago, IL | $68,435,328 | $24,410,244 |
Interfaith Housing Development Corporation Of Chicago Chicago, IL | $13,790,371 | $15,355,980 |
European American Association Chicago, IL | $18,209,689 | $14,984,488 |
Milwaukee Habitat For Humanity Milwaukee, WI | $24,987,795 | $20,382,762 |
Hispanic Housing Development Corp Chicago, IL | $88,735,655 | $15,154,061 |
Residential Options Inc Alton, IL | $11,785,898 | $11,284,358 |
Habitat For Humanity International Inc Indianapolis, IN | $27,221,776 | $14,208,425 |
Oak Park Residence Corp Oak Park, IL | $43,726,959 | $10,429,189 |
Affordable Housing Partners Inc Carmel, IN | $150,650,716 | $9,214,618 |
Housing Partnership Inc Louisville, KY | $43,644,315 | $10,025,390 |