Totals
- Total revenue
- $12,166,550
- Total expenses
- $13,303,087
- Contributions and grants received
- $2,582,711
- Grants paid
- $727,127
- Program service revenue
- $9,236,771
- Investment income
- $189,424
- Other revenue
- $157,644
- Total assets, end of year
- $56,361,854
- Total liabilities, end of year
- $44,343,960
- Net assets or fund balances, end of year
- $12,017,894
- Program services expenses (Part IX)
- $12,449,864
- Management and general expenses
- $723,781
- Fundraising expenses
- $129,442
- Program service expenses (Part III)
- $12,449,864
Program services were 93.6% 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.
-
1f · All other contributions, gifts and grants
$2,582,711
-
2a · Program service revenue: RENTAL INCOME
total $9,105,571 · related or exempt $9,105,571
-
2b · Program service revenue: RESIDENT SERVICE FEES
total $131,200 · related or exempt $131,200
-
3 · Investment income
total $189,424 · excluded $189,424
-
4 · Income from investment of tax-exempt bond proceeds
total $0
-
5 · Royalties
total $0
-
6d · Net rental income or loss
total $0
-
7d · Net gain or loss
total $0
-
8c · Net income from fundraising events
total $0
-
9c · Net income from gaming
total $0
-
10c · Net income from sales of inventory
total $0
-
11a · Other revenue: OTHER INCOME
total $157,644 · related or exempt $157,644
-
11e · Other revenue, total
$157,644
Functional expenses
Part IX, the statement of functional expenses.
-
1 · Grants to domestic organizations and governments
total $0
-
2 · Grants to domestic individuals
total $727,127 · program services $727,127
-
3 · Grants to foreign organizations and individuals
total $0
-
4 · Benefits paid to or for members
total $0
-
5 · Compensation of officers, directors and key employees
total $889,301 · program services $704,446 · management and general $151,056 · fundraising $33,799
-
6 · Compensation of disqualified persons
total $0
-
7 · Other salaries and wages
total $718,087 · program services $366,092 · management and general $287,795 · fundraising $64,200
-
8 · Pension plan contributions
total $28,703 · program services $18,870 · management and general $8,022 · fundraising $1,811
-
9 · Other employee benefits
total $187,638 · program services $123,360 · management and general $52,441 · fundraising $11,837
-
10 · Payroll taxes
total $133,505 · program services $87,771 · management and general $37,312 · fundraising $8,422
-
11a · Fees: management
total $0
-
11b · Fees: legal
total $0
-
11c · Fees: accounting
total $302,637 · program services $260,268 · management and general $42,369
-
11d · Fees: lobbying
total $0
-
11e · Fees: professional fundraising services
total $0
-
11f · Fees: investment management
total $0
-
11g · Fees: other
total $0
-
12 · Advertising and promotion
total $0
-
13 · Office expenses
total $15,947 · program services $7,308 · management and general $6,404 · fundraising $2,235
-
14 · Information technology
total $38,578 · program services $33,562 · management and general $4,244 · fundraising $772
-
15 · Royalties
total $0
-
16 · Occupancy
total $25,062 · program services $20,802 · management and general $4,260
-
17 · Travel
total $23,875 · program services $23,162 · management and general $713
-
18 · Travel or entertainment for public officials
total $0
-
19 · Conferences, conventions and meetings
total $0
-
20 · Interest
total $35,198 · program services $1,933 · management and general $33,265
-
21 · Payments to affiliates
total $0
-
22 · Depreciation, depletion and amortization
total $1,643,420 · program services $1,574,969 · management and general $68,451
-
23 · Insurance
total $42,114 · program services $35,797 · management and general $6,317
-
24a · Other expenses: MULTIFAMILY PROGRAM EXPENSE
total $8,276,017 · program services $8,276,017
-
24b · Other expenses: BAD DEBT EXPENSE
total $92,124 · program services $92,124
-
24c · Other expenses: STAFF DEVELOPMENT
total $54,125 · program services $45,062 · management and general $8,012 · fundraising $1,051
-
24d · Other expenses: PROGRAM ACTIVITY EXPENSE
total $22,489 · program services $22,489
-
24e · All other expenses
total $47,140 · program services $28,705 · management and general $13,120 · fundraising $5,315
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $3,252,579 · end of year $6,494,432
-
2 · Savings and temporary cash investments
beginning of year $5,196,643 · end of year $808,189
-
3 · Pledges and grants receivable
beginning of year $89,192 · end of year $314,174
-
4 · Accounts receivable
beginning of year $849,863 · end of year $333,209
-
5 · Loans and receivables from officers and key people
end of year $0
-
6 · Loans and receivables from disqualified persons
end of year $0
-
7 · Other notes and loans receivable
beginning of year $45,000 · end of year $42,174
-
8 · Inventories for sale or use
end of year $0
-
9 · Prepaid expenses and deferred charges
beginning of year $1,038,153 · end of year $816,155
-
10a · Land, buildings and equipment: cost or other basis
$63,202,553
-
10b · Land, buildings and equipment: accumulated depreciation
$23,910,858
-
10c · Land, buildings and equipment, net
beginning of year $38,255,712 · end of year $39,291,695
-
11 · Investments: publicly traded securities
beginning of year $931,943 · end of year $1,067,345
-
12 · Investments: other securities
end of year $0
-
13 · Investments: program-related
end of year $0
-
14 · Intangible assets
end of year $0
-
15 · Other assets
beginning of year $8,488,527 · end of year $7,194,481
-
17 · Accounts payable and accrued expenses
beginning of year $1,787,440 · end of year $1,868,936
-
19 · Deferred revenue
beginning of year $58,709 · end of year $108,940
-
23 · Secured mortgages and notes payable
beginning of year $43,883,484 · end of year $42,136,142
-
25 · Other liabilities
beginning of year $225,642 · end of year $229,942
-
27 · Net assets without donor restrictions
beginning of year $12,192,337 · end of year $12,017,894
Mission and programs · 2023
Mission
Merced Housing Texas mission is to create and strengthen healthy communities by providing quality, affordable housing with supportive services for individuals, families, and older adults living in low-income households.
Activities or mission (Part I)
Merced Housing Texas mission is to create and strengthen healthy communities by providing quality, affordable housing with supportive services for individuals, families, and older adults living in low-income households. Merced offers three core programs: multifamily affordable housing, critical home repairs, and residents services. Merced serves individuals who make at/below 80% Area Median Income (AMI). Most individuals we assist have incomes between 30-60% AMI.
-
Multifamily Affordable Housing: Merced offers 1,619 quality, affordable homes within multifamily apartment communities owned or developed by Merced located in San Antonio, Corpus Christi, Conroe, Somerset, Karnes City, Goliad, and Fort Worth, Texas. Merced serves individuals who make at/below 80% Area Median Income (AMI) which is considered low-income. Most individuals we assist have incomes between 30-60% AMI which is classified as extremely-low-income to very-low-income.
Expenses $10,357,908 · Revenue $8,296,458
-
Owner Occupied Repair Program: Since 2002, Merced has provided critical health and safety repairs for homeowners living on low incomes whose homes have deteriorated to where the home is no longer a safe or healthy living environment. To date, Merced has helped over 781 older adult homeowners or homeowners living with disabilities safely age in place through health, safety, and ADA-accessible related home repairs. The age of homes repaired by OORP ranges from 21% built pre-1950s and 58% built from 1960-1980s. Many older homes have electrical and plumbing concerns, poor/no insulation, foundation issues, and lead-based paint. Costs to repair range from $5,700 (plumbing) to $14,000 (electrical). The average repair costs range from $15,000 to $25,000/house. From initial home assessment to construction completion, the average time is 6-12 month for San Antonio homes and 4-6 months for homes within Bexar County.
Expenses $1,426,864 · Grants $727,127
-
Resident/Supportive Services: Merced recognizes that many factors affect a personsbudget and housing stability. Our Resident Services team helps residents living in Merceds affordable housing communities to address basic needs as well as personal pursuits of good health, education, and financial stability. Through the Resident Services program, Merced provides educational resources and activities focused to support housing stability and prevent unplanned moves or eviction. The Social Determinants of Health inform our key areas of focus and intentionality to provide safety, security, and stability for residents. These key areas are financial stability, community engagement, health/wellness, enrichment/education, and food security. The overall goals and objectives for Resident Services are greater housing and financial stability; better physical health; and improved mental, financial, and social wellness. Last year, Merced Resident Services connected thousands of vital local community resources to residents.
Expenses $665,092 · Revenue $131,200
As filed on the 2023 return.
Listed in Part VII
-
Kristin L DavilaKRISTIN L DAVILA
President
- Total calculated
- $224,073
- From this org
- $216,203
- From related orgs
- $0
- Other
- $7,870
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $216,203
- Bonus
- not reported
- Other
- not reported
- Deferred
- $7,870
- Nontaxable benefits
- not reported
- Filer's total
- $224,073
-
Sonia Perez LopezSONIA PEREZ LOPEZ
DIR OF EXT. RELAT.
- Total calculated
- $113,240
- From this org
- $113,240
- From related orgs
- $0
- Other
- $0
- Hours/week
- 40
-
Johnny CamposJOHNNY CAMPOS
Treasurer
- Total calculated
- $111,130
- From this org
- $111,130
- From related orgs
- $0
- Other
- $0
- Hours/week
- 40
-
Jesse Flores JrJESSE FLORES JR
Vice President
- Total calculated
- $110,374
- From this org
- $110,374
- From related orgs
- $0
- Other
- $0
- Hours/week
- 40
-
Sr Jane Ann SlaterSR JANE ANN SLATER
VICE CHAIR
- Total calculated
- $0
- Hours/week
- 1
-
Barbara AlvarezBARBARA ALVAREZ
Director
- Total calculated
- $0
- Hours/week
- 1
-
Malinda A GaulMALINDA A GAUL
Director
- Total calculated
- $0
- Hours/week
- 1
-
Kirklan KingKIRKLAN KING
CHAIR
- Total calculated
- $0
- Hours/week
- 1
-
Ed White JrED WHITE JR
Director
- Total calculated
- $0
- Hours/week
- 1
-
Dahlia B GarciaDAHLIA B GARCIA
Director
- Total calculated
- $0
- Hours/week
- 1
-
Sr Susan Mika OsbSR SUSAN MIKA OSB
Director
- Total calculated
- $0
- Hours/week
- 1
-
Sr Rita Nealon ShspSR RITA NEALON SHSP
Director
- Total calculated
- $0
- Hours/week
- 1
-
Leslie EllenbogenLESLIE ELLENBOGEN
Director
- Total calculated
- $0
- Hours/week
- 1
-
Judy H TrevinoJUDY H TREVINO
Director
- Total calculated
- $0
- Hours/week
- 1
-
Beatrice BrisenoBEATRICE BRISENO
Director
- Total calculated
- $0
- Hours/week
- 1
-
Mary HittMARY HITT
Director
- Total calculated
- $0
- Hours/week
- 1
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
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.
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.
Disregarded entities
Part I: entities that legally are the filer and file no return of their own.
-
MERCED-ELMHURST LLC
LOW-INCOME HOUSING · TX · income $146,281 · assets $551,928
Directly controlled by MERCED HOUSING TEXAS
-
MERCED-BELLSHIRE LLC
LOW-INCOME HOUSING · TX · income $3,515,566 · assets $20,401,946
Directly controlled by MERCED HOUSING TEXAS
-
MERCED-STABLEWOOD LLC
LOW-INCOME HOUSING · TX · income $2,094,483 · assets $10,935,336
Directly controlled by MERCED HOUSING TEXAS
-
MERCED-RIVERSQUARE LLC
LOW-INCOME HOUSING · TX
Directly controlled by MERCED HOUSING TEXAS
-
MERCED-TIERRA POINTE LLC
LOW-INCOME HOUSING · TX
Directly controlled by MERCED HOUSING TEXAS
-
MERCED HOUSING DEVELOPMENT COMPANY LLC
LOW-INCOME HOUSING · TX
Directly controlled by MERCED HOUSING TEXAS
-
MERCED-KINGS COURT LLC
LOW-INCOME HOUSING · TX · income $169,578 · assets $1,298,728
Directly controlled by MERCED HOUSING TEXAS
-
MERCED-SOMERSET LLC
LOW-INCOME HOUSING · TX · income $159,104 · assets $530,339
Directly controlled by MERCED HOUSING TEXAS
-
MERCED-RIVERSQUARE LIMITED LLC
LOW-INCOME HOUSING · TX · income $1,773,296 · assets $8,986,860
Directly controlled by MERCED HOUSING TEXAS
Related partnerships
Part III: related organizations taxable as a partnership, with the filer's share.
-
SOMERSET SENIOR HOUSING LTD
LOW-INCOME HOUSING · TX · 100% owned · general or managing partner
Directly controlled by MERCED HOUSING TEXAS
Related corporations and trusts
Part IV: related organizations taxable as a corporation or trust.
-
MERCED-FENNER SQUARE LLC
C CORP · LOW-INCOME HOUSING · TX · 100% owned · share of income $380,235 · share of assets $1,648,028 · controlled entity
Directly controlled by MERCED HOUSING TEXAS
-
MERCED-NAVIGATION LLC
C CORP · LOW-INCOME HOUSING · TX · 100% owned · controlled entity
Directly controlled by MERCED HOUSING TEXAS
-
250 FDC GEMBLER LLC
C CORP · LOW-INCOME HOUSING · TX · 100% owned · controlled entity
Directly controlled by MERCED HOUSING TEXAS
-
MERCED-FOUR SEASONS AT CLEAR
C CORP · LOW-INCOME HOUSING · TX · 100% owned · controlled entity
Directly controlled by MERCED HOUSING TEXAS
Provenance
- Return type
- form_990
- Tax year
- 2023
- Filed
- 6 May 2025
- IRS schema version
- 2023v6.0
- Source object
- 202521269349302847
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