Mercy Housing West
- Assets
- $50.1m
- Revenue
- $10.6m
- Investments
- $0.0
- Employees
- 0
- Location
- Denver, CO
- Founding
- 08/1992
- Data as of
- 12/2021
- 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 12/2021, Mercy Housing West generated $10.6m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 6.2% each year. All expenses for the organization totaled $7.9m during the year ending 12/2021. While expenses have increased by 7.0% 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
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/chair/direc | OfficerTrustee | 1 | $0 |
Doug Shoemaker President/director | OfficerTrustee | 1 | $0 |
Joe Rosenblum Secretary/director | OfficerTrustee | 1 | $0 |
Melissa Clayton Vice President/director | OfficerTrustee | 1 | $0 |
Ramie Dare Vice President/director | OfficerTrustee | 1 | $0 |
Alvin Tuvilla Vice President | Officer | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $270,292 |
| Government grants | $0 |
| 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 | $270,292 |
| Total Program Service Revenue | $7,497,518 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $2,853,425 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $10,621,235 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $2,683,621 |
| 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 | $997,679 |
| 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 | $2,469 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $11,609 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $1,979,726 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $173,878 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,053,542 |
| Insurance | $0 |
| All other expenses | $1,028,932 |
| Total functional expenses | $7,931,456 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $4,081,726 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $25,436,274 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $71,218 |
| Net Land, buildings, and equipment | $10,683,255 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $3,776,509 |
| Intangible assets | $0 |
| Other assets | $6,019,414 |
| Total assets | $50,068,396 |
| Accounts payable and accrued expenses | $255,789 |
| Grants payable | $0 |
| Deferred revenue | $7,997 |
| 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 | $17,450,683 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $3,360,736 |
| Total liabilities | $21,075,205 |
| Net assets without donor restrictions | $27,909,904 |
| Net assets with donor restrictions | $1,083,287 |
| 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 | $50,068,396 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Mercy Housing West has recieved totaling $268,913.
| Awarding Organization | Amount |
|---|---|
Mercy Housing Inc Denver, CO PURPOSE: LOW-INCOME HOUSING | $268,913 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Prairiestar Health Center Inc Hutchinson, KS | $20,070,980 | $16,706,412 |
Community Action Partnership Of Lancaster And Saunders Counties Lincoln, NE | $12,349,644 | $14,460,530 |
Coloradans For Responsible Energy Development Denver, CO | $1,966,473 | $10,490,943 |
Mercy Housing West Denver, CO | $50,068,396 | $10,621,235 |
National Endowment For Financial Education Denver, CO | $147,623,294 | $20,278,344 |
Comite De Bienestar Inc San Luis, AZ | $20,869,855 | $8,413,833 |
Encompass Health Services Incorporated Page, AZ | $5,896,055 | $7,419,352 |
Hardesty Family Foundation Inc Tulsa, OK | $132,895,698 | $5,904,373 |
Foundation For Human Enrichment Boulder, CO | $2,136,031 | $6,488,399 |
Colorado Chautauqua Association Boulder, CO | $13,715,907 | $9,331,518 |
U S A Shooting Colorado Springs, CO | $5,222,065 | $5,626,398 |
Omni Institute Denver, CO | $3,660,752 | $5,176,918 |