Mercy Housing Inc

Organization Overview

Mercy Housing Inc is located in Denver, CO. The organization was established in 1998. 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, Mercy Housing Inc employed 629 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Mercy Housing 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, Mercy Housing Inc generated $44.6m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 12.7% each year . All expenses for the organization totaled $36.8m during the year ending 12/2021. While expenses have increased by 18.6% 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 Inc has awarded 68 individual grants totaling $15,703,106. 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

THE MISSION AND CHARITABLE PURPOSE OF MERCY HOUSING, INC. IS TO MANAGE OR DIRECT ENTITIES WHICH ARE ORGANIZED FOR THE PURPOSE OF CREATING STABLE, VIBRANT AND HEALTH COMMUNITIES BY DEVELOPING, FINANCING, AND OPERATING AFFORDABLE, PROGRAM-ENRICHED HOUSING FOR FAMILIES, SENIORS, AND PEOPLE WITH SPECIAL NEEDS WHO LACK THE ECONOMIC RESOURCES TO ACCESS QUALITY, SAFE HOUSING OPPORTUNITIES. MERCY HOUSING, INC., EITHER DIRECTLY OR INDIRECTLY, WILL SUPPORT OR FOSTER THE DEVELOPMENT, ACQUISITION, FINANCING, OPERATION AND MANAGEMENT OF QUALITY, AFFORDABLE PROGRAM-ENRICHED HOUSING FOR LOW AND MODERATE INCOME PERSONS.

Describe the Organization's Program Activity:

Part 3 - Line 4a

MERCY HOUSING, INC.'S PROGRAM SUPPORTS AFFORDABLE HOUSING AND RESIDENT SERVICES FOR LOW AND MODERATE INCOME PERSONS AND INCLUDES ACTIVITIES OF ASSET MANAGEMENT, HOUSING DEVELOPMENT, CONSULTING SERVICES, CONSTRUCTION MANAGEMENT AND FINANCIAL SERVICES SPECIFICALLY RELATED TO DEVELOPMENT OF AFFORDABLE HOUSING.


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Outside Vendors & Contractors

Vendor Name (Service)Compensation
Granite Telecommunications
Telecommunications
$1,600,818
Cohnreznick Llp
Accounting Services
$947,679
Simpson Garrity Innes & Jacuzz
Business Consulting
$624,149
Bigger Boat Consulting
Business Consulting
$395,000
Mri Software Llc
Business Consulting
$317,377
View All Vendors

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$0
Related organizations$12,800,990
Government grants $0
All other contributions, gifts, grants, and similar amounts not included above$8,707,091
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$21,508,081
Total Program Service Revenue$22,129,187
Investment income $1,007,383
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 $44,644,651

Grants Awarded

Over the last fiscal year, Mercy Housing Inc has awarded $3,403,385 in support to 20 organizations.

Grant RecipientAmount

OCEANA SENIOR HOUSING CORP

Org PageRecipient Profile

Denver, CO

PURPOSE: LOW-INCOME HOUSING

$670,184

MPI HIGHLAND PLACE LLC

PURPOSE: LOW-INCOME HOUSING

$667,548

MERCY HOUSING CALWEST

Org PageRecipient Profile

Denver, CO

PURPOSE: LOW-INCOME HOUSING

$363,318

MERCY HOUSING WEST

Org PageRecipient Profile

Denver, CO

PURPOSE: LOW-INCOME HOUSING

$268,913

Fishers, IN

PURPOSE: LOW-INCOME HOUSING

$220,010

MERCY HOUSING NORTHWEST

Org PageRecipient Profile

Denver, CO

PURPOSE: LOW-INCOME HOUSING

$183,596
View Grant Profile

Grants Recieved

Over the last fiscal year, we have identified 8 grants that Mercy Housing Inc has recieved totaling $12,075,073.

Awarding OrganizationAmount
Bettye Poetz Ferguson Foundation

San Francisco, CA

PURPOSE: DEVELOP SENIOR HOUSING

$7,000,000
Mercy Housing California

Denver, CO

PURPOSE: PORTFOLIO PRESERVATION PROJECT

$4,647,465
Bank Of America Charitable Foundation Inc

Charlotte, NC

PURPOSE: OPERATIONAL SUPPORT

$300,000
Tides Foundation

San Francisco, CA

PURPOSE: HEALTHY INDIVIDUALS AND COMMUNITIES

$100,000
Leadingage California Foundation

Sacramento, CA

PURPOSE: TO SUPPORT FELLOW 501(C)(3) ORGANIZATION IN HELPING OLDER ADULTS TO OBTAIN THE COVID VACCINATION.

$15,000
American Online Giving Foundation Inc

Newark, DE

PURPOSE: GENERAL SUPPORT

$6,225
View Grant Recipient Profile

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