Mercy Mcmahon Terrace
- Assets
- $29.4m
- Revenue
- $8.0m
- Investments
- $3.1m
- Employees
- 167
- Location
- San Francisco, CA
- Founding
- 06/2012
- Data as of
- 06/2021
- EIN
- 68-0117340
Organization Overview
Mercy Mcmahon Terrace is located in San Francisco, CA. The organization was established in 2012. According to its NTEE Classification (L22) the organization is classified as: Senior Citizens Housing & Retirement Communities, under the broad grouping of Housing & Shelter and related organizations. As of 06/2021, Mercy Mcmahon Terrace employed 167 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Mercy Mcmahon Terrace 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 06/2021, Mercy Mcmahon Terrace generated $8.0m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 9.1% each year. All expenses for the organization totaled $7.2m during the year ending 06/2021. While expenses have increased by 6.7% per year over the past 6 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
MERCY MCMAHON TERRACE IS A LICENSED RESIDENTIAL CARE FACILITY FOR THE ELDERLY THAT PROVIDES CARE, MEALS, AND HOUSING AS WELL AS DAY-TO-DAY NEEDS IN A HOMELIKE ENVIRONMENT.
Describe the Organization's Program Activity:
Part 3 - Line 4a
MERCY MCMAHON TERRACE ("MMT"), FORMERLY MERCY SENIOR HOUSING, INC. OPERATES A 113 UNIT RESIDENTIAL FACILITY FOR THE ELDERLY. MMT HAS 100 TENANTS RESIDING AS OF JUNE 30, 2021. ACCOMMODATIONS ARE AVAILABLE TO SENIOR CITIZENS ON A NON-DENOMINATIONAL BASIS WHO ARE LOOKING FOR A WELL-PLANNED, SOCIALLY ACTIVE LIFESTYLE WITH THE AVAILABILITY OF SUPPORTIVE ASSISTANCE SERVICES WHEN NEEDED.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Edmundo Castaneda Secretary | OfficerTrustee | 0.17 | $0 |
Mary Erickson Executive Director | OfficerTrustee | 50 | $0 |
Julie Rogers Chairperson | OfficerTrustee | 0.17 | $0 |
Bonnie Jenkins CFO | Officer | 0.05 | $0 |
Gilbert Albiani Board Member (thru 1/2021) | Trustee | 0.17 | $0 |
Margo Brown Board Member | Trustee | 0.17 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Mason Building And Design Contractor | 6/29/20 | $155,923 |
Mason Building And Design Contractor | 6/29/20 | $155,923 |
Dfs Flooring Lp Contractor | 6/29/20 | $110,514 |
Dfs Flooring Lp Contractor | 6/29/20 | $110,514 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $232,061 |
| Government grants | $19,808 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $5,000 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $251,869 |
| Total Program Service Revenue | $6,562,110 |
| Investment income | $134,600 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $7,260 |
| Net Gain/Loss on Asset Sales | $1,003,862 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $7,987,529 |
| 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 | $3,657,173 |
| Pension plan accruals and contributions | $22,523 |
| Other employee benefits | $1,258,340 |
| Payroll taxes | $298,685 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $14,311 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $1,149 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $39,523 |
| Fees for services: Other | $289,618 |
| Advertising and promotion | $29,912 |
| Office expenses | $255,916 |
| Information technology | $706 |
| Royalties | $0 |
| Occupancy | $222,851 |
| Travel | $120 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $1,087 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $398,767 |
| Insurance | $59,842 |
| All other expenses | $15,509 |
| Total functional expenses | $7,173,226 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,400 |
| Savings and temporary cash investments | $246,659 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $5,629 |
| 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 | $503,905 |
| Net Land, buildings, and equipment | $12,045,205 |
| Investments—publicly traded securities | $9,230,848 |
| Investments—other securities | $3,069,837 |
| Investments—program-related | $4,022,272 |
| Intangible assets | $0 |
| Other assets | $275,899 |
| Total assets | $29,401,654 |
| Accounts payable and accrued expenses | $450,268 |
| Grants payable | $0 |
| Deferred revenue | $686,752 |
| 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 | $2,626 |
| Total liabilities | $1,139,646 |
| Net assets without donor restrictions | $24,239,736 |
| Net assets with donor restrictions | $4,022,272 |
| 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 | $29,401,654 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Mercy Mcmahon Terrace has recieved totaling $22,191.
| Awarding Organization | Amount |
|---|---|
The Alameda County Community Food Bank Inc Oakland, CA PURPOSE: SUPPLEMENT FOOD & EQUIPMENT TO AGENCIES TO HELP MEET DEMANDS OF COMMUNITY AND PREVENT HUNGER | $22,191 |
Endowment Analysis
| Beg. Balance | $1,923,818 |
| Earnings | $419,351 |
| Ending Balance | $2,343,169 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Hollenbeck Palms Los Angeles, CA | $91,601,425 | $22,351,666 |
899 Charleston Palo Alto, CA | $143,487,864 | $17,017,896 |
Bay Area Senior Services Inc San Mateo, CA | $56,248,028 | $16,762,634 |
Midpen Property Management Corporation Foster City, CA | $4,229,808 | $16,638,795 |
Casa La Merced Inc C/O Falkenberg/Gilliam & Associates Pasadena, CA | $0 | $52,026 |
Scott Street Senior Housing Complex Incorporated San Francisco, CA | $43,555,702 | $18,828,763 |
Sun Health Colonnade Sun City West, AZ | $94,057,593 | $16,072,885 |
Palo Alto Senior Housing Project Inc Palo Alto, CA | $9,912,770 | $1,163,322 |
Christian Care Tucson Inc Phoenix, AZ | $29,450,689 | $13,520,695 |
Alma Via Of San Francisco Alameda, CA | $25,364,635 | $12,193,885 |
Seascape Senior Housing Inc Walnut Creek, CA | $1,410,799 | $12,833,123 |
Meadowbrook Village Christian Retirement Community Escondido, CA | $70,664,658 | $10,740,685 |