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Nonprofiteer
← SOUTH OF MARKET MERCY HOUSING

Form 990 for tax year 2022

Filed by SOUTH OF MARKET MERCY HOUSING.

Totals

Total revenue
$225,902
Total expenses
$12,562,819
Contributions and grants received
$21,795
Grants paid
$413,453
Program service revenue
$164,184
Investment income
$9,923
Other revenue
$30,000
Total assets, end of year
$1,514,066
Total liabilities, end of year
$47,748,573
Net assets or fund balances, end of year
-$46,234,507
Program services expenses (Part IX)
$12,559,415
Management and general expenses
$3,404
Fundraising expenses
$0
Program service expenses (Part III)
$12,559,415

Program services were 100.0% 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.

  • 1d · Related organizations

    $21,795

  • 2a · Program service revenue: SERVICE FEES

    total $164,184 · related or exempt $164,184

  • 3 · Investment income

    total $9,923 · excluded $9,923

  • 11a · Other revenue: RECOVERY OF BAD DEBT

    total $30,000 · related or exempt $30,000

  • 11e · Other revenue, total

    $30,000

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $413,453 · program services $413,453

  • 11c · Fees: accounting

    total $3,404 · management and general $3,404

  • 11g · Fees: other

    total $25,011 · program services $25,011

  • 24a · Other expenses: LP INVESTMENT LOSSES

    total $10,692,059 · program services $10,692,059

  • 24b · Other expenses: ASSET MGMT FEES

    total $1,227,469 · program services $1,227,469

  • 24c · Other expenses: PRIOR YR PROP SALES ADJ

    total $190,906 · program services $190,906

  • 24d · Other expenses: BAD DEBTS

    total $10,461 · program services $10,461

  • 24e · All other expenses

    total $56 · program services $56

Balance sheet

Part X, book values.

  • 13 · Investments: program-related

    beginning of year $1,197,412 · end of year $1,197,412

  • 15 · Other assets

    beginning of year $199,881 · end of year $316,654

  • 17 · Accounts payable and accrued expenses

    beginning of year $285 · end of year $2,815

  • 25 · Other liabilities

    beginning of year $36,931,379 · end of year $47,745,758

  • 27 · Net assets without donor restrictions

    beginning of year -$35,534,371 · end of year -$46,234,507

Mission and programs · 2022

Mission

THE ORGANIZATION INVESTS IN LIMITED PARTNERSHIPS WHICH PROVIDE LOW- INCOME HOUSING AND SUPPORTIVE SERVICES TO LOW-INCOME, HOMELESS, POTENTIALLY HOMELESS, OR OTHERWISE DISADVANTAGED PERSONS, IN ACCORDANCE WITH ITS EXEMPT PURPOSE. MOST DISBURSEMENTS IN FURTHERANCE OF THE ORGANIZATION'S EXEMPT-PURPOSE PROGRAMS ARE MADE IN THE ACTIVE CONDUCT OF THE ABOVE ACTIVITIES. OTHERWISE, DISBURSEMENTS IN FURTHERANCE OF THE ORGANIZATION'S EXEMPT-PURPOSE PROGRAMS ARE MADE IN ACCORDANCE WITH PROCEDURES OR SUBJECT TO CONDITIONS ESTABLISHED BY THE ORGANIZATION'S BOARD OF DIRECTORS DESIGNED TO ENSURE THAT INDIVIDUALS AND ORGANIZATIONS RECEIVING DISBURSEMENTS ARE ADEQUATELY INVESTIGATED TO ESTABLISH THEY ARE QUALIFIED RECIPIENTS.

Activities or mission (Part I)

TO MANAGE AND DIRECT LOW-INCOME HOUSING AND PROVIDE SERVICES TO LOW INCOME FAMILIES, ELDERLY, HANDICAPPED, HOMELESS, POTENTIALLY HOMELESS, OR OTHERWISE DISADVANTAGED PERSONS

  • TO MANAGE AND DIRECT PROJECTS WHICH PROVIDE HOUSING FACILITIES AND SUPPORTIVE SERVICES FOR LOW-INCOME, HOMELESS, POTENTIALLY HOMELESS OR OTHERWISE DISADVANTAGED PERSONS

    Expenses $12,559,415 · Grants $413,453 · Revenue $194,184

As filed on the 2022 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • BARBARA GUALCO

    VICE PRESIDENT/DIRECTOR

    Total calculated
    $158,798
    From this org
    $0
    From related orgs
    $151,225
    Other
    $7,573
    Hours/week
    1 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $150,725 related
    Bonus
    $0 + $500 related
    Other
    $0
    Deferred
    $0 + $7,437 related
    Nontaxable benefits
    $0 + $136 related
    Filer's total
    $0 + $158,798 related

  • DOUG SHOEMAKER

    PRESIDENT/DIRECTOR

    Total calculated
    $332,896
    From this org
    $0
    From related orgs
    $304,832
    Other
    $28,064
    Hours/week
    1 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $282,521 related
    Bonus
    $0 + $22,311 related
    Other
    $0
    Deferred
    $0 + $13,900 related
    Nontaxable benefits
    $0 + $14,164 related
    Filer's total
    $0 + $332,896 related

  • MELISSA CLAYTON

    VICE PRESIDENT/DIRECTOR

    Total calculated
    $261,561
    From this org
    $0
    From related orgs
    $228,009
    Other
    $33,552
    Hours/week
    1 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $226,526 related
    Bonus
    $0 + $1,483 related
    Other
    $0
    Deferred
    $0 + $13,871 related
    Nontaxable benefits
    $0 + $19,681 related
    Filer's total
    $0 + $261,561 related

  • ALVIN TUVILLA

    VICE PRESIDENT

    Total calculated
    $167,686
    From this org
    $0
    From related orgs
    $157,372
    Other
    $10,314
    Hours/week
    1 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $156,372 related
    Bonus
    $0 + $1,000 related
    Other
    $0
    Deferred
    $0 + $9,464 related
    Nontaxable benefits
    $0 + $850 related
    Filer's total
    $0 + $167,686 related

  • AMY BAYLEY

    ASSISTANT SECRETARY

    Total calculated
    $0
    Hours/week
    1 + 40 related

  • BRUCE SAAB

    VICE PRESIDENT

    Total calculated
    $111,234
    From this org
    $0
    From related orgs
    $94,309
    Other
    $16,925
    Hours/week
    1 + 40 related

  • CHAD PAYNE

    TREASURER

    Total calculated
    $194,051
    From this org
    $0
    From related orgs
    $189,811
    Other
    $4,240
    Hours/week
    1 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $186,565 related
    Bonus
    $0 + $3,246 related
    Other
    $0
    Deferred
    $0 + $4,081 related
    Nontaxable benefits
    $0 + $159 related
    Filer's total
    $0 + $194,051 related

  • ED HOLDER

    VICE PRESIDENT

    Total calculated
    $302,316
    From this org
    $0
    From related orgs
    $256,515
    Other
    $45,801
    Hours/week
    1 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $255,515 related
    Bonus
    $0 + $1,000 related
    Other
    $0
    Deferred
    $0 + $9,601 related
    Nontaxable benefits
    $0 + $36,200 related
    Filer's total
    $0 + $302,316 related

  • ERIKA VILLABLANCA

    VICE PRESIDENT

    Total calculated
    $200,931
    From this org
    $0
    From related orgs
    $169,136
    Other
    $31,795
    Hours/week
    1 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $167,350 related
    Bonus
    $0 + $1,786 related
    Other
    $0
    Deferred
    $0 + $10,476 related
    Nontaxable benefits
    $0 + $21,319 related
    Filer's total
    $0 + $200,931 related

  • JOSEPH ROSENBLUM

    SECRETARY

    Total calculated
    $224,322
    From this org
    $0
    From related orgs
    $215,449
    Other
    $8,873
    Hours/week
    1 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $209,475 related
    Bonus
    $0 + $5,974 related
    Other
    $0
    Deferred
    $0 + $8,714 related
    Nontaxable benefits
    $0 + $159 related
    Filer's total
    $0 + $224,322 related

  • LILIAN LEW-HAILER

    VICE PRESIDENT

    Total calculated
    $197,399
    From this org
    $0
    From related orgs
    $189,462
    Other
    $7,937
    Hours/week
    1 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $189,462 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $0 + $7,937 related
    Filer's total
    $0 + $197,399 related

  • RAMIE DARE

    VICE PRESIDENT

    Total calculated
    $219,441
    From this org
    $0
    From related orgs
    $198,100
    Other
    $21,341
    Hours/week
    1 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $192,331 related
    Bonus
    $0 + $5,769 related
    Other
    $0
    Deferred
    $0 + $9,758 related
    Nontaxable benefits
    $0 + $11,583 related
    Filer's total
    $0 + $219,441 related

  • RICH CIRAULO

    VICE PRESIDENT

    Total calculated
    $181,718
    From this org
    $0
    From related orgs
    $143,251
    Other
    $38,467
    Hours/week
    1 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $141,228 related
    Bonus
    $0 + $2,023 related
    Other
    $0
    Deferred
    $0 + $9,143 related
    Nontaxable benefits
    $0 + $29,324 related
    Filer's total
    $0 + $181,718 related

  • RICK SPRAGUE

    VICE PRESIDENT

    Total calculated
    $180,786
    From this org
    $0
    From related orgs
    $164,838
    Other
    $15,948
    Hours/week
    1 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $163,838 related
    Bonus
    $0 + $1,000 related
    Other
    $0
    Deferred
    $0 + $3,341 related
    Nontaxable benefits
    $0 + $12,607 related
    Filer's total
    $0 + $180,786 related

  • TIM DUNN

    VICE PRESIDENT

    Total calculated
    $196,846
    From this org
    $0
    From related orgs
    $161,460
    Other
    $35,386
    Hours/week
    1 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $157,071 related
    Bonus
    $0 + $4,389 related
    Other
    $0
    Deferred
    $0 + $10,103 related
    Nontaxable benefits
    $0 + $25,283 related
    Filer's total
    $0 + $196,846 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

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
2022
Filed
1 November 2023
IRS schema version
2022v5.0
Source object
202313119349300201

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