Mercy Retirement Care Center
- Assets
- $60.2m
- Revenue
- $21.7m
- Investments
- $0.0
- Employees
- 232
- Location
- Alameda, CA
- Founding
- 03/1946
- Data as of
- 06/2022
- EIN
- 94-1156579
Organization Overview
Mercy Retirement Care Center is located in Alameda, CA. The organization was established in 1946. According to its NTEE Classification (P75) the organization is classified as: Supportive Housing for Older Adults, under the broad grouping of Human Services and related organizations. As of 06/2022, Mercy Retirement Care Center employed 232 individuals. This organization is a subordinate organization within an affiliated group for tax-exemption purposes. Mercy Retirement Care Center 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 06/2022, Mercy Retirement Care Center generated $21.7m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 6.6% each year. All expenses for the organization totaled $23.2m during the year ending 06/2022. While expenses have increased by 6.8% 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
MERCY RETIREMENT AND CARE CENTER SERVES & ENRICHES THE LIVES OF OLDER ADULTS BY PROVIDING HOUSING AND SERVICES IN ITS SKILLED NURSING, ASSISTED LIVING, AND MEMORY CARE NEIGHBORHOODS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
MERCY RETIREMENT AND CARE CENTER IS LICENSED FOR 59 SKILLED NURSING RESIDENTS. THIS YEAR, THE CARE CENTER PROVIDED SKILLED NURSING CARE TO 42.5 OLDER ADULT RESIDENTS EACH MONTH (ON AVERAGE) FOR AN ANNUAL TOTAL OF OVER 15,520 RESIDENTS DAYS. OF OUR RESIDENTS,15.76% WERE PRIVATE PAY, 39.11% HAD MEDI-CAL, 31.29% HAD MEDICARE, AND 13.84% HAD OTHER INSURANCE COVERAGE.
MERCY'S ASSISTED LIVING PROVIDES HOUSING AND SERVICES FOR UP TO 85 OLDER ADULT RESIDENTS THAT REQUIRE SOME ASSISTANCE WITH MEDICATION OR DAILY ACTIVITIES. THIS YEAR, WE PROVIDED ASSISTED LIVING HOUSING FOR 46.5 RESIDENTS EACH MONTH (ON AVERAGE), EXCLUDING SECOND PERSONS IN EACH APARTMENT, FOR AN ANNUAL TOTAL OF 1,971 RESIDENT DAYS. MERCY TOOK A FLOOR OFFLINE AND BEGAN ROOM RENOVATIONS JULY 2020, WHICH CONTRIBUTED TO LOWER NUMBER OF AVERAGE RESIDENTS AND RESIDENT DAYS FOR THE YEAR. CONSTRUCTION IS EXPECTED TO CONTINUE THROUGH SEPTEMBER 2022. THE ASSISTED LIVING RESIDENTS ARE OFFERED FIVE LEVELS OF CARE IN ADDITION TO THE BASE LEVEL OF CARE SO THAT THEIR INDIVIDUAL NEEDS CAN BE MET. THERE ARE MANY ACTIVITIES PROVIDED FOR OUR ASSISTED LIVING RESIDENTS, INCLUDING MANY THAT REFLECT OUR FAITH-CENTERED MISSION.
MERCY'S MEMORY CARE NEIGHBORHOOD PROVIDES HOUSING AND SERVICES FOR UP TO 22 OLDER ADULT RESIDENTS WHO HAVE DEMENTIA OR MEMORY LOSS. THIS YEAR, WE PROVIDED MEMORY CARE HOUSING FOR 21.4 RESIDENTS EACH MONTH (ON AVERAGE) FOR A TOTAL OF 7,809 RESIDENT DAYS. THE MEMORY CARE NEIGHBORHOOD HAS MANY DAILY ACTIVITIES DESIGNED FOR DEMENTIA OR MEMORY LOSS RESIDENTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Tamra Tsanos Executive Director | 40 | $190,809 | |
Nicole Foreman Health Care Administrator | 40 | $169,131 | |
Aida Tsegay Registered Nurse | 40 | $144,182 | |
Malinda Fay Director Of Nursing | 40 | $125,041 | |
Natalie Brown Director Of Fund Developme | 40 | $105,893 | |
Joy Moore Secretary / Chair (as Of 12/21) | OfficerTrustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Select Rehabilitation Llc Occupational/physical Therapy | 6/29/22 | $777,729 |
Warner Design Associates Construction | 6/29/22 | $408,731 |
Douglas Pancake Architects Inc Architect - Construction | 6/29/22 | $179,357 |
Stahl Companies Inc Construction | 6/29/22 | $434,240 |
Mission Linen Service Laundry Services | 6/29/22 | $118,530 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $2,218,067 |
| All other contributions, gifts, grants, and similar amounts not included above | $5,142,935 |
| Noncash contributions included in lines 1a–1f | $3,686,564 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $7,361,002 |
| Total Program Service Revenue | $13,984,050 |
| Investment income | $440,702 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $60,049 |
| Net Gain/Loss on Asset Sales | -$193,445 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $21,652,358 |
| 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 | $8,131,056 |
| Pension plan accruals and contributions | $115,369 |
| Other employee benefits | $702,816 |
| Payroll taxes | $609,601 |
| Fees for services: Management | $1,242,960 |
| Fees for services: Legal | $160,828 |
| Fees for services: Accounting | $86,596 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $123,776 |
| Fees for services: Other | $540,080 |
| Advertising and promotion | $152,276 |
| Office expenses | $395,181 |
| Information technology | $451,957 |
| Royalties | $0 |
| Occupancy | $1,177,029 |
| Travel | $22,231 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $112,736 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,734,498 |
| Insurance | $228,651 |
| All other expenses | $330,160 |
| Total functional expenses | $23,163,543 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,635,540 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $559,262 |
| Accounts receivable, net | $1,983,106 |
| 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 | $157,978 |
| Net Land, buildings, and equipment | $40,203,441 |
| Investments—publicly traded securities | $14,061,552 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $1,573,813 |
| Total assets | $60,174,692 |
| Accounts payable and accrued expenses | $3,542,527 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| 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 | $22,438,612 |
| Other liabilities | $2,303,552 |
| Total liabilities | $28,284,691 |
| Net assets without donor restrictions | $26,417,507 |
| Net assets with donor restrictions | $5,472,494 |
| 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 | $60,174,692 |
Grants Recieved
Over the last fiscal year, we have identified 7 grants that Mercy Retirement Care Center has recieved totaling $3,281,717.
| 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 | $3,165,029 |
Good360 Alexandria, VA PURPOSE: TO ASSIST THOSE IN NEED. | $73,728 |
American Endowment Foundation Hudson, OH PURPOSE: HUMAN SERVICE | $20,000 |
Schwab Charitable Fund San Francisco, CA PURPOSE: HUMAN SERVICES | $12,950 |
The Timothy And Judith Smith Foundation Calabasas, CA PURPOSE: GENERAL & UNRESTRICTED | $5,000 |
Sweetland Of Freedom Foundation Sierra Madre, CA PURPOSE: MEDICAL | $5,000 |
Endowment Analysis
| Beg. Balance | $3,891,430 |
| Earnings | -$638,594 |
| Net Contributions | $94,228 |
| Other Expense | $94,517 |
| Ending Balance | $3,252,547 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
La Posada At Park Centre Inc Green Valley, AZ | $182,054,249 | $47,958,568 |
Northern California Retired Officers Community Fairfield, CA | $260,915,478 | $45,201,737 |
Casa De Las Campanas Inc San Diego, CA | $261,081,118 | $41,918,031 |
Beatitudes Campus Of Care Phoenix, AZ | $120,319,049 | $33,436,636 |
Eisenberg Village Of The Los Angeles Jewish Home For The Aging Reseda, CA | $65,782,377 | $31,680,151 |
St Pauls Episcopal Home Inc San Diego, CA | $87,096,131 | $36,208,689 |
Oconnor Woods Housing Corporation Stockton, CA | $90,240,253 | $33,053,547 |
Willamette View Manor Inc Portland, OR | $158,572,403 | $34,857,993 |
People Of Faith Inc Sun City, AZ | $251,643,138 | $33,088,460 |
Congregational Homes Pomona, CA | $121,991,966 | $32,927,075 |
Arcadia Retirement Residence Honolulu, HI | $73,016,620 | $39,256,869 |
Retirement Housing Foundation Long Beach, CA | $205,386,585 | $45,688,104 |