Mercy Community Capital
- Assets
- $125.0m
- Revenue
- $9.8m
- Investments
- $557.9k
- Employees
- 0
- Location
- Denver, CO
- Founding
- 02/2001
- Data as of
- 12/2023
- EIN
- 84-1559406
Organization Overview
Mercy Community Capital is located in Denver, CO. The organization was established in 2001. 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. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Mercy Community Capital 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 12/2023, Mercy Community Capital generated $9.8m in total revenue. This organization has experienced exceptional growth, as over the past 9 years, it has increased revenue by an average of 10.5% each year . All expenses for the organization totaled $4.0m during the year ending 12/2023. While expenses have increased by 4.8% per year over the past 9 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE BELOW-MARKET LOANS AND TO SERVE AS A FINANCIAL AND TECHNICAL RESOURCE TO SUPPORT HOUSING DEVELOPMENT ACTIVITIES THAT BENEFIT LOW-INCOME RESIDENTS
Describe the Organization's Program Activity:
Part 3 - Line 4a
LENDING ACTIVITIES INCLUDE UNDERWRITING, CREDIT REVIEW, CASH AND INVESTMENT MANAGEMENT AND LOAN SERVICING FOR A DIVERSE PORTFOLIO OF LOANS COVERING PROPERTIES LOCATED IN 45 STATES AND PUERTO RICO.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Debra Walsh Vice President | Officer | 1 | $0 |
Joe Rosenblum Assistant Secretary | Officer | 1 | $0 |
Stefanie Joy VP (until 6/23)/ Pres. (as Of 6/23) | Officer | 1 | $0 |
Jaya Johnson Director | Trustee | 1 | $0 |
Jason Battista President (until 6/23) | Officer | 1 | $0 |
Brian Sample Vice President | Officer | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $2,478,839 |
| All other contributions, gifts, grants, and similar amounts not included above | $153,563 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,632,402 |
| Total Program Service Revenue | $6,697,815 |
| Investment income | $337,491 |
| 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 | $9,783,164 |
| 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 | $1,220,962 |
| Pension plan accruals and contributions | $64,276 |
| Other employee benefits | $128,340 |
| Payroll taxes | $94,693 |
| Fees for services: Management | $27,438 |
| Fees for services: Legal | $23,007 |
| Fees for services: Accounting | $39,237 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $11,116 |
| Advertising and promotion | $5,609 |
| Office expenses | $26,686 |
| Information technology | $57,654 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $29,842 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $12,572 |
| Interest | $1,658,510 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $35,903 |
| All other expenses | $0 |
| Total functional expenses | $3,996,767 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,166,366 |
| Savings and temporary cash investments | $1,891,967 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $64,338 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $117,484,119 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $42,165 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $557,900 |
| Investments—program-related | $309,475 |
| Intangible assets | $0 |
| Other assets | $2,470,994 |
| Total assets | $124,987,324 |
| Accounts payable and accrued expenses | $257,979 |
| Grants payable | $0 |
| Deferred revenue | $187,500 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $25,000 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $65,409,490 |
| Other liabilities | $8,967,059 |
| Total liabilities | $74,847,028 |
| Net assets without donor restrictions | $48,260,296 |
| Net assets with donor restrictions | $1,880,000 |
| 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 | $124,987,324 |