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Nonprofiteer
← MERCY HOUSING NORTHWEST

Form 990 for tax year 2022

Filed by MERCY HOUSING NORTHWEST.

Totals

Total revenue
$18,608,088
Total expenses
$7,905,250
Contributions and grants received
$10,263,881
Grants paid
$0
Program service revenue
$8,271,194
Investment income
$73,013
Other revenue
$0
Total assets, end of year
$130,782,771
Total liabilities, end of year
$51,294,752
Net assets or fund balances, end of year
$79,488,019
Program services expenses (Part IX)
$7,172,680
Management and general expenses
$4,632
Fundraising expenses
$727,938
Program service expenses (Part III)
$7,172,680

Program services were 90.7% 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.

  • 1a · Federated campaigns

    $31,398

  • 1e · Government grants (contributions)

    $2,956,122

  • 1f · All other contributions, gifts and grants

    $7,276,361

  • 2a · Program service revenue: DEVELOPER FEES

    total $4,381,193 · related or exempt $4,381,193

  • 2b · Program service revenue: ASSET MANAGEMENT FEES

    total $1,239,001 · related or exempt $1,239,001

  • 2c · Program service revenue: NET RENTAL REVENUE

    total $1,169,001 · related or exempt $1,169,001

  • 2d · Program service revenue: PROGRAM INTEREST

    total $983,828 · related or exempt $983,828

  • 2e · Program service revenue: LEASE REVENUE

    total $149,704 · related or exempt $149,704

  • 2f · All other program service revenue

    total $348,467 · related or exempt $348,467

  • 3 · Investment income

    total $72,724 · excluded $72,724

  • 7a · Gross sales of assets other than inventory

    other assets $289

  • 7b · Less cost or other basis and sales expenses

    other assets $0

  • 7c · Gain or loss

    other assets $289

  • 7d · Net gain or loss

    total $289 · excluded $289

Functional expenses

Part IX, the statement of functional expenses.

  • 7 · Other salaries and wages

    total $2,799,113 · program services $2,537,479 · fundraising $261,634

  • 8 · Pension plan contributions

    total $88,698 · program services $79,896 · fundraising $8,802

  • 9 · Other employee benefits

    total $337,378 · program services $309,171 · fundraising $28,207

  • 10 · Payroll taxes

    total $203,981 · program services $182,605 · fundraising $21,376

  • 11a · Fees: management

    total $18,732 · fundraising $18,732

  • 11b · Fees: legal

    total $440 · fundraising $440

  • 11c · Fees: accounting

    total $3,689 · program services $3,689

  • 11g · Fees: other

    total $287,485 · program services $255,679 · management and general $2,446 · fundraising $29,360

  • 12 · Advertising and promotion

    total $1,578 · program services $847 · fundraising $731

  • 13 · Office expenses

    total $637,977 · program services $623,133 · fundraising $14,844

  • 14 · Information technology

    total $25,890 · program services $25,068 · fundraising $822

  • 16 · Occupancy

    total $599,968 · program services $599,492 · fundraising $476

  • 17 · Travel

    total $51,294 · program services $48,946 · fundraising $2,348

  • 19 · Conferences, conventions and meetings

    total $4,310 · program services $4,310

  • 20 · Interest

    total $587,834 · program services $587,834

  • 22 · Depreciation, depletion and amortization

    total $676,574 · program services $676,574

  • 23 · Insurance

    total $13,075 · program services $12,050 · fundraising $1,025

  • 24a · Other expenses: INDIRECT COSTS

    total $1,367,275 · program services $1,195,348 · fundraising $171,927

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

    total $91,710 · program services $90,272 · management and general $1,438

  • 24c · Other expenses: BAD DEBTS

    total $64,659 · program services $63,911 · management and general $748

  • 24d · Other expenses: EVENTS EXPENSE

    total $33,192 · fundraising $33,192

  • 24e · All other expenses

    total $10,398 · program services -$123,624 · fundraising $134,022

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $23,821 · end of year $648,671

  • 2 · Savings and temporary cash investments

    beginning of year $1,670,897 · end of year $2,170,278

  • 3 · Pledges and grants receivable

    beginning of year $422,679 · end of year $431,183

  • 4 · Accounts receivable

    beginning of year $117,758 · end of year $553,099

  • 7 · Other notes and loans receivable

    beginning of year $50,711,626 · end of year $54,709,373

  • 9 · Prepaid expenses and deferred charges

    beginning of year $17,031 · end of year $380,742

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

    $39,262,457

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

    $1,215,959

  • 10c · Land, buildings and equipment, net

    beginning of year $1,144,400 · end of year $38,046,498

  • 13 · Investments: program-related

    beginning of year $6,236,226 · end of year $6,341,938

  • 15 · Other assets

    beginning of year $13,202,931 · end of year $27,500,989

  • 17 · Accounts payable and accrued expenses

    beginning of year $510,416 · end of year $660,799

  • 19 · Deferred revenue

    beginning of year $1,752,138 · end of year $6,777,682

  • 23 · Secured mortgages and notes payable

    beginning of year $970,733 · end of year $36,242,808

  • 25 · Other liabilities

    beginning of year $1,470,182 · end of year $7,613,463

  • 27 · Net assets without donor restrictions

    beginning of year $68,439,982 · end of year $70,624,984

  • 28 · Net assets with donor restrictions

    beginning of year $403,918 · end of year $8,863,035

Mission and programs · 2022

Mission

THE MISSION OF MERCY HOUSING NORTHWEST IS TO DIRECTLY FACILITATE THE PROVISION OF AFFORDABLE HOUSING TO FAMILIES, SENIORS, PEOPLE WITH SPECIAL NEEDS, HOMELESS AND POTENTIALLY HOMELESS INDIVIDUALS WHO WOULD OTHERWISE LACK THE FINANCIAL RESOURCES TO OBTAIN QUALITY, SAFE HOUSING. FURTHER, MERCY HOUSING NORTHWEST PROVIDES A VARIETY OF FREE PROGRAMS AND SERVICES TO RESIDENTS OF THEIR AFFORDABLE HOUSING PROJECTS WHICH ARE DESIGNED TO IMPROVE THEIR LIVES AND THE COMMUNITIES IN WHICH THEY LIVE.

Activities or mission (Part I)

TO DEVELOP, OWN AND OPERATE LOW-INCOME HOUSING AND PROVIDE SERVICES TO LOW-INCOME FAMILIES, ELDERLY, HOMELESS HANDICAPPED, POTENTIALLY HOMELESS,OR OTHERWISE DISADVANTAGED PERSONS

  • 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.

    Expenses $4,336,264 · Revenue $1,318,705

  • 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.

    Expenses $2,718,920 · Revenue $4,381,193

  • CONSULTING SERVICES FOR OTHER NONPROFIT DEVELOPERS OF AFFORDABLE HOUSING AND COMMUNITY DEVELOPMENT SERVICES.

    Expenses $108,199 · Revenue $34,379

  • 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.

    Expenses $9,297 · Revenue $2,536,917

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

Listed in Part VII

  • ALLISON SIMON

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • ASHENAFI GOSSAYE

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • AZMERA MELASHU

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • BILL CROW

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • CHARLOTTE DAVENPORT

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • CHRISTIAN GUNTER

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • CUC VU

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • GEORGIA YIANAKULIS

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • JACQUELINE FERNANDES

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • JO ANN SHOWALTER

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • JUDY BYRON

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • JUNIOR TORRES

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • SAMONA BURLESON

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • SUKANYA PACIOREK

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • SUSANNA TRAN

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • 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

  • COLIN MORGAN-CROSS

    VICE PRESIDENT

    Total calculated
    $173,935
    From this org
    $0
    From related orgs
    $163,550
    Other
    $10,385
    Hours/week
    1 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $160,417 related
    Bonus
    $0 + $3,133 related
    Other
    $0
    Deferred
    $0 + $9,874 related
    Nontaxable benefits
    $0 + $511 related
    Filer's total
    $0 + $173,935 related

  • JOE 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

  • JOSEPH THOMPSON

    PRESIDENT

    Total calculated
    $277,293
    From this org
    $0
    From related orgs
    $226,767
    Other
    $50,526
    Hours/week
    1 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $217,011 related
    Bonus
    $0 + $9,756 related
    Other
    $0
    Deferred
    $0 + $13,126 related
    Nontaxable benefits
    $0 + $37,400 related
    Filer's total
    $0 + $277,293 related

  • MELISSA CLAYTON

    VICE PRESIDENT

    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

  • SHERIF AZAB

    VICE PRESIDENT

    Total calculated
    $93,911
    From this org
    $0
    From related orgs
    $93,499
    Other
    $412
    Hours/week
    1 + 40 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.

Disregarded entities

Part I: entities that legally are the filer and file no return of their own.

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
6 November 2023
IRS schema version
2022v5.0
Source object
202323129349301772

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