Mercy Housing Inc
68% goes to programs $234 to raise $100 Strong reserves
Mercy Housing Inc is a 501(c)(3) organization based in Denver, Colorado, registered in 1998, with $46,466,606 in FY2024 revenue. CharityIndex grades it B+, and it directs about 68% of spending to programs.
1600 Broadway Ste 2000, Denver, CO, 80202 EIN 47-0646706 Since 1998
Revenue (FY2024)
$46.5M
▼ 53.8% vs prior year
Housing median: $408K
Expenses (FY2024)
$47.9M
Net assets
$81.5M
Employees
639
CharityIndex rating
One independent A+ to F grade from four published criteria, each scored separately from IRS filings and combined by weight.
B+
BProgram efficiency40% of the rating68% to programs · $234 to raise $100
Measures how much of every dollar spent actually reaches programs, plus what it costs to raise $100 of donations. The worse of the two measures sets the letter (85%+ to programs is an A; under $15 to raise $100 is an A), averaged over the three most recent filings. For Mercy Housing Inc: 68% to programs · $234 to raise $100 earns a B on this criterion. See the exact thresholds →
B+Financial health25% of the rating20 mo reserves · -3% margin
Measures whether the organization is built to last: how many months its reserves would cover expenses (3+ months earns an A-range score, but hoarding 5+ years of budget is capped) and whether it runs a surplus or a deficit. For Mercy Housing Inc: 20 mo reserves · -3% margin earns a B+ on this criterion. See the exact thresholds →
A+Governance25% of the rating6 of 6 checks met
Checks how the organization is run, from its own Form 990: an independent board majority, a board of five or more, conflict-of-interest, whistleblower and document-retention policies, and independently audited financials. The share of disclosed checks that pass sets the letter. For Mercy Housing Inc: 6 of 6 checks met earns a A+ on this criterion. See the exact thresholds →
ATransparency10% of the rating4 of 5 disclosure signals
Counts five disclosure signals: a recent filing, a mission statement, program descriptions, a listed website, and the full expense breakdown. More disclosure, better letter. For Mercy Housing Inc: 4 of 5 disclosure signals earns a A on this criterion. See the exact thresholds →
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Mission
The mission and charitable purpose of mercy housing, inc. is to manage or direct entities which are organized for the purpose of creating stable, vibrant and health communities by developing, financing, and operating affordable, program-enriched housing for families, seniors, and people with special needs who lack the economic resources to access quality, safe housing opportunities. mercy housing, inc., either directly or indirectly, will support or foster the development, acquisition, financing, operation and management of quality, affordable program-enriched housing for low and moderate income persons.
Contact & location
- Address
- 1600 Broadway Ste 2000, Denver, CO, 80202
- City
- Denver
- State
- Colorado
- Category
- Housing & Shelter
- Subcategory
- Housing Development & Management
- Phone
- …
- Website
- …
Financial trends
Revenue grew from $8.0M (FY2013) to $46.5M (FY2024) across 12 reported years.
Financial snapshot
Financial health & position (FY2024)
Liabilities $421.3MNet assets $81.5M
Operating margin
-3.0%
Spent more than it raised in the latest fiscal year.
Total assets
$502.7M
Total liabilities
$421.3M
Net assets
$81.5M
Salaries & benefits
$27.9M
58% of expenses
Board members
15
15 independent
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2024 | $46,466,606▼53.8% | $47,861,327▼16.7% | $81,451,936▼1.7% | $502,726,015▲11.4% | 990 |
| 2023 | $100,477,161▲160% | $57,455,577▲84.3% | $82,861,257▲108% | $451,397,015▲189% | 990 |
| 2022 | $38,598,550▼13.5% | $31,181,662▼15.3% | $39,839,673▲22.9% | $156,167,253▲28.1% | 990 |
| 2021 | $44,644,651▲48.9% | $36,793,314▲5.3% | $32,422,785▲32.0% | $121,949,049▲16.8% | 990 |
| 2020 | $29,989,305▲31.9% | $34,933,008▲26.4% | $24,571,448▼16.7% | $104,417,474▲35.1% | 990 |
| 2019 | $22,732,923▲3.0% | $27,632,945▲18.7% | $29,515,151▼14.2% | $77,300,360▼4.5% | 990 |
| 2018 | $22,068,943▲4.5% | $23,281,319▲18.6% | $34,408,185▼3.4% | $80,965,006▼9.0% | 990 |
| 2017 | $21,123,451▼9.4% | $19,633,481▲45.4% | $35,621,154▲4.4% | $88,923,907▲20.2% | 990 |
| 2016 | $23,324,750▲21.0% | $13,499,526▲21.4% | $34,131,184▲40.4% | $73,953,767▲2.4% | 990 |
| 2015 | $19,283,279▲53.5% | $11,120,381▲65.5% | $24,305,960▲50.6% | $72,247,998▲12.9% | 990 |
| 2014 | $12,560,307▲56.8% | $6,719,185▲19.4% | $16,143,062▲56.7% | $63,990,660▲17.2% | 990 |
| 2013 | $8,011,196 | $5,625,162▼16.1% | $10,301,940▲30.1% | $54,577,529▲15.2% | 990 |
| 2012 | — | $6,704,126▼40.0% | $7,915,906▼27.8% | $47,359,428▼6.8% | 990 |
| 2011 | — | $11,169,602▲50.0% | $10,966,402▲121% | $50,830,921▲17.4% | 990 |
| 2010 | — | $7,445,852 | $4,953,201 | $43,281,908 | 990 |
Original Form 990 PDFs (the Form column) are served by ProPublica Nonprofit Explorer, as filed with the IRS. Create a free account to download the CSV report.
Leadership & compensation (FY2024)
Highest-paid: Ismael Guerrero — $495,887 (1.04% of total expenses)
| Name | Title | Hours/week | Compensation |
|---|---|---|---|
| Ismael Guerrero | President | 40 | $495,887 |
| Debra Walsh | Executive Vice President | 40 | $360,688 |
| Angela Bruno | Senior Vice President/cfo | 40 | $351,839 |
| Doug Shoemaker | Vice President | 40 | $295,887 |
| Parag Gupta | Senior Vice President/cpo | 40 | $290,654 |
| Constance Rule | Senior Vice President/csp | 40 | $280,430 |
| Melissa Clayton | Senior Vice President | 40 | $273,011 |
| Edward Holder | Vp, Real Estate Develop | 40 | $264,789 |
| Shelly Marquez | Senior Vice President | 40 | $254,635 |
| Mark Angelini | Senior Vice President | 40 | $252,403 |
| Joseph Thompson | Senior Vice President | 40 | $251,757 |
| James Alexander | Senior Vice President | 40 | $248,678 |
| Janice Turner | Vice President | 40 | $241,033 |
| Lillian Lew-hailer | Reg Vp Ops | 40 | $237,092 |
| Ramie Dare | Dir, Real Estate Dev-reg | 40 | $236,287 |
| Joe Rosenblum | Secretary | 40 | $232,582 |
| John Felix | Senior Vice President | 40 | $216,265 |
| John Marcolina | Vice President | 40 | $208,445 |
| Stefanie Joy | Svp, Pres Mercy Comm Cap | 40 | $206,756 |
| Jaya Johnson | Vice President | 40 | $204,694 |
Top vendors & contractors (FY2024)
| Contractor | Services | Paid |
|---|---|---|
| Cohnreznick | Accounting Services | $1,133,754 |
| Smr Architects Pllc | Architectural Services | $679,304 |
| Granite Telecommunications | Telecommunications | $480,540 |
| It1 Source LLC | It Solutions | $246,003 |
| Mri Software LLC | Business Consulting | $234,546 |
Grants received · $55.9M total
81 grants to Mercy Housing Inc totaling $55.9M, reported by foundations on their Schedule I filings — showing the 15 most recent.
| Grantmaker | Purpose | Year | Amount |
|---|---|---|---|
| Mercy Housing California | General support | 2024 | $1,130,131 |
| Rose Community Foundation | General operating support | 2024 | $25,000 |
| American Online Giving Foundation Inc | General support | 2024 | $7,877 |
| American Endowment Foundation | Housing, shelter | 2024 | $7,000 |
| Morgan Stanley Global Impact Funding Trust Inc | Unrestricted general support | 2024 | $5,000 |
| National Philanthropic Tr | Human services | 2023 | $25,001,000 |
| Mercy Housing California | Cash transfer | 2023 | $11,809,228 |
| Dignity Community Care | Community health | 2023 | $83,333 |
| San Francisco Food Bank | Pantry programs | 2023 | $73,400 |
| Food Lifeline | Food | 2023 | $60,111 |
| San Francisco Foundation | For general support. | 2023 | $50,000 |
| Rose Community Foundation | Mountain plains chapter | 2023 | $25,000 |
| Donor Advised Charitable Giving | Human services | 2023 | $18,183 |
| Dignity Health | Community health | 2023 | $14,000 |
| Fidelity Investments Charitable Gift Fund | For grant recipient's exempt purposes | 2023 | $7,050 |
Grants made · $5.7M in FY2024
15 grants totaling $5.7M in FY2024. All grants made by Mercy Housing Inc →
| Recipient | Purpose | Amount |
|---|---|---|
| Mercy Housing Northwest | Low-income housing | $3,081,250 |
| Mercy Housing Mountain Plains | Low-income housing | $925,385 |
| Mercy Housing Colorado VI Ltd | Low-income housing | $366,631 |
| Decatur Place | Low-income housing | $332,220 |
| Mercy Housing California | Low-income housing | $277,704 |
| Mercy Housing Lakefront | Low-income housing | $188,825 |
| 111th and Wentworth Apartments Corp | Low-income housing | $123,495 |
| Mercy Community Capital | Low-income housing | $112,500 |
| Mercy Housing South East | Low-income housing | $103,636 |
| 5042 Winthrop Apartments LP | Low-income housing | $67,695 |
| Mercy Housing Georgia IV LP | Low-income housing | $65,000 |
| Mercy Housing California 56 LP | Low-income housing | $51,694 |
| AARP Foundation | Low-income housing | $25,703 |
| Mercy Housing Midwest | Low-income housing | $12,375 |
| Mercy Housing Southwest | Low-income housing | $12,375 |
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Frequently asked questions
- Is Mercy Housing Inc a legitimate nonprofit?
- Yes. Mercy Housing Inc is a 501(c)(3) organization registered with the U.S. Internal Revenue Service under EIN 47-0646706, based in Denver, Colorado. Donations are tax-deductible.
- What is Mercy Housing Inc's EIN?
- Mercy Housing Inc's Employer Identification Number (EIN) is 47-0646706.
- How much revenue does Mercy Housing Inc report?
- Mercy Housing Inc reported $46,466,606 in total revenue on its fiscal year 2024 IRS Form 990 filing.
- How much of Mercy Housing Inc's spending goes to programs?
- Mercy Housing Inc spends about 68% of its total expenses on programs, based on its latest IRS Form 990.
- What financial grade does Mercy Housing Inc have?
- CharityIndex grades Mercy Housing Inc B+, based on program efficiency and fundraising cost.
- How much does Mercy Housing Inc's highest-paid employee make?
- The highest reported compensation on Mercy Housing Inc's latest Form 990 is $495,887, paid to Ismael Guerrero (President).
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Data for Mercy Housing Inc (EIN 47-0646706) comes from the IRS Business Master File and e-filed Form 990 returns, via CharityIndex. Figures reflect what the organization reported to the IRS for each fiscal year.