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Mercy Housing Northwest

Denver, CO · EIN 91-1546525 · 501(c)(3) · Publicly supported organization (509(a)(2))
Latest filing: Form 990 for calendar year 2024 (tax year 2024) · View the filing · Correct or respond

Mercy Housing Northwest reported $22.6 million in revenue and $16.3 million in expenses for calendar year 2024. Of every $100 it spent, $94.50 went to program services, $0.09 to management and general costs and $5.41 to fundraising. Its largest source of revenue was program service revenue such as fees, sales and contracts: 63.8% of the total. Government grants made up 9.7%. The highest compensation it reported for one person was $391,169 (OUTGOING-VICE PRESIDENT). Revenue rose 69% between 2019 and 2024. Source: Form 990, 2024.

Where $100 of spending went

Calendar year 2024 · Form 990, Part IX, line 25 · total expenses $16M

For context, the median across 933 covered housing & shelter charities: $89.27 programs, $10.73 management, $0.00 fundraising (medians computed separately, so they may not sum to $100).

Where $100 of revenue came from

Calendar year 2024 · Form 990, Part VIII · total revenue $23M

The 990 scorecard · same measures for every charity, no grades

2024 filing. Median across 933 covered charities in this category, from their latest filings.
Measure2024Median
Program services
Part IX 25(B) ÷ 25(A)
94.5%87.5%
Management & general
Part IX 25(C) ÷ 25(A)
0.1%10.5%
Fundraising
Part IX 25(D) ÷ 25(A)
5.4%0.0%
Fundraising cost per $1 of contributions
Part IX 25(D) ÷ Part VIII 1h
$0.12$0.01
Contributions & grants share of revenue
Part VIII 1h ÷ 12
32.5%17.0%
Government grants share of revenue
Part VIII 1e ÷ 12
9.7%1.0%
Program service revenue share
Part VIII 2g ÷ 12
63.8%66.2%
Highest reported compensation
Part VII-A, columns D–F
$391,169$300,863
Highest compensation as share of expenses
Part VII-A ÷ Part IX 25(A)
2.40%1.57%
People paid over $100,000
Part VII, line 2
05
Net assets, in months of expenses
Part X 33(B) ÷ monthly expenses
68.710.0
Independent voting board members
Part VI 1a–1b
8 of 8100.0%

A median is context, not a target: hospitals, universities, food banks and grantmakers spend in very different ways. What these measures can and can't tell you.

What the money paid for, in its own words

2024 · Form 990, Part III · the three largest programs by expense
$6.2M expenses · 40.4% of program spending · grants $573K · revenue $2.8M

Resident services and programs are provided free of charge to residents of low-income multi-family rental properties including families, seniors, and people with special needs. The resident services and programs fall into four primary areas - education, community, health and wellness, and economic stability. Resident services and programs are tailored to meet the needs of each low-income housing community, including after-school programs for children, ged and english courses, employment initiatives and homeownership seminars

$5.3M expenses · 34.5% of program spending · grants $29,215 · revenue $10M

Housing development programs and services include acquiring acceptable locations for either new construction or rehabilitation of existing properties for multi-family rental properties to provide affordable housing to low-income residents, obtaining financing for the development of low-income properties, and managing the construction and/or rehabilitation of low-income properties through obtaining the certification of occupancy and project completion

$2.6M expenses · 16.8% of program spending · grants $54,531 · revenue $2.2M

Asset management services are provided to low-income multi-family rental properties and include preparing and managing annual operating budgets, preparing reports for investors and lenders overseeing the property management services, and ensuring and monitoring compliance to meet regulatory and eligibility requirements of residents

$1.3M all other programs (line 4d)

Highest reported compensation

2024 · Form 990, Part VII, Section A · roles as filed; names are in the filing, not here
RoleFrom this orgFrom related orgsOtherTotal
OUTGOING-VICE PRESIDENT
Officer, 0.10 hrs/week
$0$351,839$39,330$391,169
VICE PRESIDENT
Officer, 0.10 hrs/week
$0$273,011$35,478$308,489
PRESIDENT
Officer, 0.10 hrs/week
$0$251,757$43,633$295,390
SECRETARY
Officer, 0.10 hrs/week
$0$232,582$10,382$242,964
TREASURER
Officer, 0.10 hrs/week
$0$201,515$9,965$211,480
VICE PRESIDENT
Officer, 0.10 hrs/week
$0$192,811$13,107$205,918
VICE PRESIDENT
Officer, 0.10 hrs/week
$0$163,942$31,209$195,151
VICE PRESIDENT
Officer, 0.10 hrs/week
$0$120,355$17,760$138,115

0 people received more than $100,000 in reportable compensation from Mercy Housing Northwest (Part VII, line 2).

6 years of filings

Form 990, Parts I, VII, IX and X · each row is that year's own filing, linked
RevenueExpenses
$0$10M$20M$30M$40M201920202021202220232024$23M$16M
FilingRevenueExpensesProgramsNet assetsTop pay
2024 ⓘ$23M$16M94.5%$93M$391,169
2023 ⓘ$16M$11M92.9%$84M$348,589
2022 ⓘ$19M$7.9M90.7%$79M$277,293
2021 ⓘ$9.5M$11M81.0%$69M$366,859
2020 ⓘ$10M$7.1M91.1%$70M$250,176
2019 ⓘ$13M$5.6M90.4%$68M$238,744

Governance answers, as filed

2024 · the organization's own yes/no answers; explanations, if any, are in Schedule O of the filing · what each means
  • Voting board members, and how many are independent Part VI, lines 1a–1b8 · 8 independent
  • Audited financial statements Part XII 2bYes
  • Conflict-of-interest policy Part VI 12aYes
  • Whistleblower policy Part VI 13Yes
  • Document retention policy Part VI 14Yes
  • Independent process for top executive pay Part VI 15aNo
  • Board given the 990 before filing Part VI 11aYes
  • Family or business ties among insiders Part VI 2No
  • Aware of a significant diversion of assets Part VI 5No
  • Excess benefit transaction with an insider Part IV 25aNo
  • Loans to or from insiders outstanding Part IV 26No
  • Lobbying, or a 501(h) election in effect Part IV 4No
  • Over $15,000 of professional fundraising services Part IV 18No
  • Over $10,000 of activity outside the U.S. Part IV 14bNo
  • Employees Part I, line 50
  • Volunteers Part I, line 68

Private foundation grants it received

4 private foundations reported grants to Mercy Housing Northwest totaling $90,000 on their tax year 2023 Form 990-PF returns. See which foundations, on WHOFUNDS.

Source: WHOFUNDS open grant graph, matched from Form 990-PF Part XV.

Correct a figure or respond

Every number above is copied from Mercy Housing Northwest's own Form 990. If one doesn't match the filing, that's our error and we'll fix it. If you work for Mercy Housing Northwest, you can publish a response that is linked from this page.

Similar-sized charities in this cause

All housing & shelter charities · Largest charities in Colorado

Questions people ask

How much of Mercy Housing Northwest's spending goes to programs?

In calendar year 2024, Mercy Housing Northwest reported that 94.5% of its $16.3 million in expenses went to program services, 0.1% to management and general and 5.4% to fundraising (Form 990, Part IX).

How much does Mercy Housing Northwest pay its top executive?

The largest total compensation Mercy Housing Northwest reported for one person in calendar year 2024 was $391,169, for the role of OUTGOING-VICE PRESIDENT (Form 990, Part VII, including compensation from related organizations and other compensation).

Where does Mercy Housing Northwest get its money?

Of $22.6 million in revenue in calendar year 2024, 32.5% came from contributions and grants (including 9.7% from government grants) and 63.8% from program service revenue (Form 990, Part VIII).

Is Mercy Housing Northwest a registered charity?

The IRS lists EIN 91-1546525 as a 501(c)(3) organization (publicly supported organization (509(a)(2))), and its records show contributions as tax-deductible. Form 990 filings on record here cover tax years 2019, 2020, 2021, 2022, 2023, 2024. A filing shows what the organization reported; it doesn't by itself show whether a program works.

Sources

  • 2024: Form 990 for calendar year 2024, object 202523189349308197 · read the filing · XML
  • 2023: Form 990 for calendar year 2023, object 202413169349303491 · read the filing
  • 2022: Form 990 for calendar year 2022, object 202323129349301772 · read the filing
  • 2021: Form 990 for calendar year 2021, object 202222999349300732 · read the filing
  • 2020: Form 990 for calendar year 2020, object 202133029349301438 · read the filing
  • 2019: Form 990 for calendar year 2019, object 202023189349301822 · read the filing

All filings for EIN 91-1546525: ProPublica Nonprofit Explorer · IRS Tax Exempt Organization Search. Figures are as the organization reported them; we have not audited them.