Mercy Housing West
- Assets
- $50.2m
- Revenue
- $7.6m
- Investments
- $0.0
- Employees
- 0
- Location
- Denver, CO
- Founding
- 08/1992
- Data as of
- 12/2022
- EIN
- 68-0254564
Organization Overview
Mercy Housing West is located in Denver, CO. The organization was established in 1992. According to its NTEE Classification (Z99) the organization is classified as: Unknown, under the broad grouping of Unknown and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Mercy Housing West 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 12/2022, Mercy Housing West generated $7.6m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 1.0% each year. All expenses for the organization totaled $7.6m during the year ending 12/2022. While expenses have increased by 5.5% per year over the past 8 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO MANAGE AND DIRECT LOW INCOME HOUSING AND PROVIDE SERVICES TO LOW INCOME FAMILIES, ELDERLY, HANDICAPPED, HOMELESS, POTENTIALLY HOMELESS, OR OTHERWISE DISADVANTAGED PERSONS
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO DEVELOP PROJECTS WHICH PROVIDE HOUSING FACILITIES AND SUPPORTIVE SERVICES FOR LOW-INCOME, HOMELESS, POTENTIALLY HOMELESS OR OTHERWISE DISADVANTAGED PERSONS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Barbara Gualco Vice President/director | OfficerTrustee | 1 | $0 |
Doug Shoemaker President/director | OfficerTrustee | 1 | $0 |
Melissa Clayton Vice President/director | OfficerTrustee | 1 | $0 |
Alvin Tuvilla Vice President | Officer | 1 | $0 |
Amy Bayley Assistant Secretary | Officer | 1 | $0 |
Bruce Saab Vice President | Officer | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $297,785 |
| Government grants | $5,141,763 |
| 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 | $5,439,548 |
| Total Program Service Revenue | $2,093,108 |
| Investment income | $35,190 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $46 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $7,567,892 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $41,042 |
| 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 | $968,981 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $10,218 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $11,178 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $3,150,485 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $273,293 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,072,496 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $7,550,143 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $5,557,068 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $21,289 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $25,307,833 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $75,627 |
| Net Land, buildings, and equipment | $9,731,624 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $3,166,671 |
| Intangible assets | $0 |
| Other assets | $6,306,384 |
| Total assets | $50,166,496 |
| Accounts payable and accrued expenses | $228,374 |
| Grants payable | $0 |
| Deferred revenue | $32,557 |
| 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 | $10,285,028 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $10,609,597 |
| Total liabilities | $21,155,556 |
| Net assets without donor restrictions | $27,940,964 |
| Net assets with donor restrictions | $1,069,976 |
| 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 | $50,166,496 |