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Nonprofiteer
← MERCY HOUSING FRANCISCAN CAMPUS INC

Form 990 for tax year 2024

Filed by MERCY HOUSING FRANCISCAN CAMPUS INC.

Totals

Total revenue
$120,529
Total expenses
$438,140
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$119,531
Investment income
$364
Other revenue
$634
Total assets, end of year
$4,408,467
Total liabilities, end of year
$6,849,726
Net assets or fund balances, end of year
-$2,441,259
Program services expenses (Part IX)
$433,140
Management and general expenses
$5,000
Fundraising expenses
$0
Program service expenses (Part III)
$433,140

Program services were 98.9% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 2a · Program service revenue: NET RENTAL REVENUE

    total $119,531 · related or exempt $119,531

  • 3 · Investment income

    total $364 · excluded $364

  • 11d · All other revenue

    total $634 · related or exempt $634

  • 11e · Other revenue, total

    $634

Functional expenses

Part IX, the statement of functional expenses.

  • 11a · Fees: management

    total $21,000 · program services $21,000

  • 11c · Fees: accounting

    total $5,000 · management and general $5,000

  • 12 · Advertising and promotion

    total $6 · program services $6

  • 13 · Office expenses

    total $55 · program services $55

  • 16 · Occupancy

    total $67,963 · program services $67,963

  • 20 · Interest

    total $200,000 · program services $200,000

  • 22 · Depreciation, depletion and amortization

    total $143,894 · program services $143,894

  • 24a · Other expenses: TAXES/LICENSES/PERMITS

    total $222 · program services $222

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $179,913 · end of year $223,175

  • 4 · Accounts receivable

    beginning of year $10,175

  • 9 · Prepaid expenses and deferred charges

    beginning of year $16,788 · end of year $16,911

  • 10a · Land, buildings and equipment: cost or other basis

    $5,177,345

  • 10b · Land, buildings and equipment: accumulated depreciation

    $1,136,804

  • 10c · Land, buildings and equipment, net

    beginning of year $4,151,902 · end of year $4,040,541

  • 15 · Other assets

    beginning of year $140,878 · end of year $127,840

  • 17 · Accounts payable and accrued expenses

    beginning of year $5,220 · end of year $10,642

  • 25 · Other liabilities

    beginning of year $6,618,084 · end of year $6,839,084

  • 27 · Net assets without donor restrictions

    beginning of year -$2,123,648 · end of year -$2,441,259

Mission and programs · 2024

Mission

TO ACQUIRE AND CONSTRUCT AN APARTMENT COMPLEX DESIGNATED FOR LOW-INCOME AND HOMELESS PERSONS OR OTHERWISE DISADVANTAGED PERSONS.

Activities or mission (Part I)

TO ACQUIRE AND CONSTRUCT AN APARTMENT COMPLEX DESIGNATED FOR LOW-INCOME AND HOMELESS PERSONS OR OTHERWISE DISADVANTAGED PERSONS

  • MERCY HOUSING FRANCISCAN CAMPUS, INC. WAS ORGANIZED ON JUNE 8, 2016 AS A NONPROFIT CORPORATION FOR THE PURPOSE OF CONSTRUCTING AND OPERATING A RENTAL HOUSING PROJECT UNDER SECTION 202 OF THE NATIONAL HOUSING ACT. SUCH PROJECTS ARE REGULATED BY HUD AS TO RENT CHARGES AND OPERATING METHODS.

    Expenses $433,140 · Revenue $120,165

As filed on the 2024 return.

Listed in Part VII

  • JOE ROSENBLUM

    SECRETARY/DIRECTOR

    Total calculated
    $242,964
    From this org
    $0
    From related orgs
    $232,582
    Other
    $10,382
    Hours/week
    0.1 + 39.9 related

    Schedule J breakdown matched by us

    Base
    $0 + $227,582 related
    Bonus
    $0 + $5,000 related
    Other
    $0
    Deferred
    $0 + $9,554 related
    Nontaxable benefits
    $0 + $828 related
    Filer's total
    $0 + $242,964 related

  • KASSIDI BOENING

    VICE PRESIDENT/DIRECTOR

    Total calculated
    $195,151
    From this org
    $0
    From related orgs
    $163,942
    Other
    $31,209
    Hours/week
    0.1 + 39.9 related

    Schedule J breakdown matched by us

    Base
    $0 + $159,942 related
    Bonus
    $0 + $4,000 related
    Other
    $0
    Deferred
    $0 + $10,331 related
    Nontaxable benefits
    $0 + $20,878 related
    Filer's total
    $0 + $195,151 related

  • MELISSA CLAYTON

    DIRECTOR

    Total calculated
    $308,489
    From this org
    $0
    From related orgs
    $273,011
    Other
    $35,478
    Hours/week
    0.1 + 39.9 related

    Schedule J breakdown matched by us

    Base
    $0 + $263,011 related
    Bonus
    $0 + $10,000 related
    Other
    $0
    Deferred
    $0 + $16,578 related
    Nontaxable benefits
    $0 + $18,900 related
    Filer's total
    $0 + $308,489 related

  • CHAD PAYNE

    TREASURER

    Total calculated
    $211,480
    From this org
    $0
    From related orgs
    $201,515
    Other
    $9,965
    Hours/week
    0.1 + 39.9 related

    Schedule J breakdown matched by us

    Base
    $0 + $198,015 related
    Bonus
    $0 + $3,500 related
    Other
    $0
    Deferred
    $0 + $9,137 related
    Nontaxable benefits
    $0 + $828 related
    Filer's total
    $0 + $211,480 related

  • ELLEN ABRAMS

    VICE PRESIDENT

    Total calculated
    $136,686
    From this org
    $0
    From related orgs
    $109,650
    Other
    $27,036
    Hours/week
    0.1 + 39.9 related

  • JOANNA CROSBY

    VICE PRESIDENT

    Total calculated
    $149,072
    From this org
    $0
    From related orgs
    $137,190
    Other
    $11,882
    Hours/week
    0.1 + 39.9 related

  • KUHL BROWN

    VICE PRESIDENT

    Total calculated
    $201,649
    From this org
    $0
    From related orgs
    $165,989
    Other
    $35,660
    Hours/week
    0.1 + 39.9 related

    Schedule J breakdown matched by us

    Base
    $0 + $163,489 related
    Bonus
    $0 + $2,500 related
    Other
    $0
    Deferred
    $0 + $6,613 related
    Nontaxable benefits
    $0 + $29,047 related
    Filer's total
    $0 + $201,649 related

  • SHELLY MARQUEZ

    PRESIDENT

    Total calculated
    $284,440
    From this org
    $0
    From related orgs
    $254,635
    Other
    $29,805
    Hours/week
    0.1 + 39.9 related

    Schedule J breakdown matched by us

    Base
    $0 + $249,135 related
    Bonus
    $0 + $5,500 related
    Other
    $0
    Deferred
    $0 + $9,752 related
    Nontaxable benefits
    $0 + $20,053 related
    Filer's total
    $0 + $284,440 related

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

None.

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement
  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception

The filer's explanations (Part III)

PART I, LINE 3
ANNUALLY THE EXECUTIVE COMMITTEE WITHIN THE MERCY HOUSING, INC. BOARD OF TRUSTEES WILL REVIEW EXECUTIVE SALARIES TO ENSURE COMPETITIVENESS WITH EXTERNAL MARKETS AND FOR INTERNAL EQUITY IN RELATION TO GENERAL EMPLOYEE WAGES AND BENEFITS, INDIVIDUAL AND ORGANIZATIONAL PERFORMANCE, AND THE FINANCIAL RESOURCES OF THE ORGANIZATION.

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

No itemized grants to organizations on this return.

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

Taxable family on this return

Schedule R Parts I, III and IV, as filed. These record ownership and control, not shared board members or money moved.

Related partnerships

Part III: related organizations taxable as a partnership, with the filer's share.

Related corporations and trusts

Part IV: related organizations taxable as a corporation or trust.

Provenance

Return type
form_990
Tax year
2024
Filed
14 November 2025
IRS schema version
2024v5.2
Source object
202523199349300327

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