Totals
- Total revenue
- $11,389,312
- Total expenses
- $11,851,292
- Contributions and grants received
- $2,683,901
- Grants paid
- $785,400
- Program service revenue
- $8,448,891
- Investment income
- $256,430
- Other revenue
- $90
- Total assets, end of year
- $58,147,612
- Total liabilities, end of year
- $45,955,275
- Net assets or fund balances, end of year
- $12,192,337
- Program services expenses (Part IX)
- $11,071,721
- Management and general expenses
- $661,034
- Fundraising expenses
- $118,537
- Program service expenses (Part III)
- $11,071,721
Program services were 93.4% 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.
-
1e · Government grants (contributions)
$2,424,580
-
1f · All other contributions, gifts and grants
$259,321
-
2a · Program service revenue: ASSET MANAGEMENT FEES
total $179,654 · related or exempt $179,654
-
2b · Program service revenue: RENTAL INCOME
total $8,140,237 · related or exempt $8,140,237
-
2c · Program service revenue: RESIDENT SERVICE FEES
total $129,000 · related or exempt $129,000
-
3 · Investment income
total $256,430 · excluded $256,430
-
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 $90 · related or exempt $90
-
11e · Other revenue, total
$90
Functional expenses
Part IX, the statement of functional expenses.
-
1 · Grants to domestic organizations and governments
total $0
-
2 · Grants to domestic individuals
total $785,400 · program services $785,400
-
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 $388,892 · program services $259,006 · management and general $106,176 · fundraising $23,710
-
6 · Compensation of disqualified persons
total $0
-
7 · Other salaries and wages
total $1,019,050 · program services $678,699 · management and general $278,222 · fundraising $62,129
-
8 · Pension plan contributions
total $26,505 · program services $17,425 · management and general $7,408 · fundraising $1,672
-
9 · Other employee benefits
total $214,048 · program services $140,723 · management and general $59,822 · fundraising $13,503
-
10 · Payroll taxes
total $118,463 · program services $77,882 · management and general $33,108 · fundraising $7,473
-
11a · Fees: management
total $0
-
11b · Fees: legal
total $0
-
11c · Fees: accounting
total $133,055 · program services $114,427 · management and general $18,628
-
11d · Fees: lobbying
total $0
-
11e · Fees: professional fundraising services
total $0
-
11f · Fees: investment management
total $0
-
11g · Fees: other
total $98,130 · program services $84,392 · management and general $13,738
-
12 · Advertising and promotion
total $0
-
13 · Office expenses
total $25,809 · program services $11,827 · management and general $10,365 · fundraising $3,617
-
14 · Information technology
total $79,298 · program services $68,989 · management and general $8,723 · fundraising $1,586
-
15 · Royalties
total $0
-
16 · Occupancy
total $22,107 · program services $18,349 · management and general $3,758
-
17 · Travel
total $31,645 · program services $30,696 · management and general $949
-
18 · Travel or entertainment for public officials
total $0
-
19 · Conferences, conventions and meetings
total $0
-
20 · Interest
total $36,656 · program services $2,012 · management and general $34,644
-
21 · Payments to affiliates
total $0
-
22 · Depreciation, depletion and amortization
total $1,613,000 · program services $1,550,235 · management and general $62,765
-
23 · Insurance
total $26,666 · program services $22,666 · management and general $4,000
-
24a · Other expenses: MULTIFAMILY PROGRAM EXPENSE
total $7,125,628 · program services $7,125,628
-
24b · Other expenses: STAFF DEVELOPMENT
total $34,137 · program services $28,421 · management and general $5,053 · fundraising $663
-
24c · Other expenses: PROGRAM ACTIVITY EXPENSE
total $24,291 · program services $24,291
-
24d · Other expenses: COMMUNICATION
total $18,953 · program services $11,372 · management and general $6,633 · fundraising $948
-
24e · All other expenses
total $29,559 · program services $19,281 · management and general $7,042 · fundraising $3,236
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $1,097,793 · end of year $3,252,579
-
2 · Savings and temporary cash investments
beginning of year $8,557,981 · end of year $5,196,643
-
3 · Pledges and grants receivable
beginning of year $292,033 · end of year $89,192
-
4 · Accounts receivable
beginning of year $139,124 · end of year $849,863
-
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 $469,033 · end of year $45,000
-
8 · Inventories for sale or use
end of year $0
-
9 · Prepaid expenses and deferred charges
beginning of year $336,767 · end of year $1,038,153
-
10a · Land, buildings and equipment: cost or other basis
$59,416,548
-
10b · Land, buildings and equipment: accumulated depreciation
$21,160,836
-
10c · Land, buildings and equipment, net
beginning of year $30,662,087 · end of year $38,255,712
-
11 · Investments: publicly traded securities
beginning of year $869,026 · end of year $931,943
-
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 $8,187,839 · end of year $8,488,527
-
17 · Accounts payable and accrued expenses
beginning of year $494,007 · end of year $1,787,440
-
19 · Deferred revenue
beginning of year $35,685 · end of year $58,709
-
23 · Secured mortgages and notes payable
beginning of year $41,188,033 · end of year $43,883,484
-
25 · Other liabilities
beginning of year $151,567 · end of year $225,642
-
27 · Net assets without donor restrictions
beginning of year $8,731,964 · end of year $12,192,337
-
28 · Net assets with donor restrictions
beginning of year $10,427
Mission and programs · 2022
Mission
PROVIDING AFFORDABLE, SERVICE-ENRICHED HOUSING
-
MULTIFAMILY HOUSING PROGRAM: THE PROGRAM PROVIDES 1,481 FAMILIES WITH QUALITY,AFFORDABLE HOMES IN MULTI-FAMILY COMMUNITIES OWNED OR DEVELOPED BY MERCED IN SANANTONIO, CORPUS CHRISTI, CONROE, SOMERSET, KARNES CITY, GOLIAD AND FORT WORTH. THEMAJORITY OF RESIDENTS IN OUR COMMUNITIES EARN 60% OR BELOW OF THE AREA MEDIAN INCOME(AMI) WHICH IS CLASSIFIED AS VERY LOW TO EXTREMELY LOW INCOME.
Expenses $9,086,441 · Revenue $10,019,080
-
OWNER OCCUPIED REPAIR PROGRAM: SINCE ITS INCEPTION, THE PROGRAM HAS HELPED OVER 679OLDER ADULTS OR DISABLED HOMEOWNERS WHO LIVE ON LOW TO EXTREMELY LOW INCOMES (80% AMI OR BELOW) AND CANNOT AFFORD TO MAINTAIN THEIR HOMES IN A SAFE, SANITARY ANDSTRUCTURALLY SOUND CONDITION. MERCED MAKES HEALTH- AND SAFETY-RELATED REPAIRS TOHOMES IN BEXAR COUNTY AT NO COST TO HOMEOWNERS. REPAIRS RANGE IN COST FROM $125 TO$109,000 AND INCLUDE ADA MODIFICATIONS, ELECTRICAL, FOUNDATION, PLUMBING, ROOF,HEATING/AC AND MORE. MERCED ALSO PROVIDES SUPPORTIVE SOCIAL SERVICES TO HOMEOWNERSWITH THE GOAL OF IMPROVING THEIR HOUSING STABILITY AND WELL-BEING.
Expenses $1,416,318 · Grants $785,400 · Revenue $778,905
-
RESIDENT SERVICES PROGRAM: MERCED PROVIDES SUPPORTIVE SERVICES FOCUSED ON INCREASINGHOUSING STABILITY FOR RESIDENTS AT AFFORDABLE MULTIFAMILY AND SENIOR COMMUNITIES.THE PROGRAM FOCUSES ON HEALTH AND WELLNESS, FINANCIAL SECURITY, ADULT EDUCATION ANDYOUTH ENGAGEMENT. DURING THE YEAR ENDED JUNE 30 2021, 2,505 UNDUPLICATED RESIDENTSWERE SERVED BY THIS PROGRAM (OLDER ADULTS, FAMILIES AND YOUTH), 10,366 SUPPORTIVESERVICES REFERRALS WERE MADE AND OUTREACH EFFORTS TOUCHED 29,906 RESIDENTS.
Expenses $568,962 · Revenue $129,000
As filed on the 2022 return. The filer continues this part on Schedule O, which is not shown here.
Listed in Part VII
-
Kristin L DavilaKRISTIN L DAVILA
President
- Total calculated
- $177,032
- From this org
- $171,721
- From related orgs
- $0
- Other
- $5,311
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $171,721
- Bonus
- not reported
- Other
- not reported
- Deferred
- $5,311
- Nontaxable benefits
- not reported
- Filer's total
- $177,032
-
Jesse Flores JrJESSE FLORES JR
Vice President
- Total calculated
- $89,331
- From this org
- $72,951
- From related orgs
- $0
- Other
- $16,380
- Hours/week
- 40
-
Sue YipSUE YIP
Treasurer
- Total calculated
- $73,560
- From this org
- $71,368
- From related orgs
- $0
- Other
- $2,192
- Hours/week
- 40
-
Larissa HernandezLARISSA HERNANDEZ
Secretary
- Total calculated
- $48,969
- From this org
- $48,969
- From related orgs
- $0
- Other
- $0
- Hours/week
- 40
-
Barbara U AlvarezBARBARA U ALVAREZ
Director
- Total calculated
- $0
- Hours/week
- 1
-
Sr Jane Ann SlaterSR JANE ANN SLATER
VICE CHAIR
- 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 $177,075 · assets $533,174
Directly controlled by MERCED HOUSING TEXAS
-
MERCED-BELLSHIRE LLC
LOW-INCOME HOUSING · TX · income $5,111,294 · assets $20,778,289
Directly controlled by MERCED HOUSING TEXAS
-
MERCED-STABLEWOOD LLC
LOW-INCOME HOUSING · TX · income $2,351,328 · assets $14,015,805
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 $226,445 · assets $1,309,001
Directly controlled by MERCED HOUSING TEXAS
-
MERCED-SOMERSET LLC
LOW-INCOME HOUSING · TX · income $174,203 · assets $521,332
Directly controlled by MERCED HOUSING TEXAS
-
MERCED-RIVERSQUARE LIMITED LLC
LOW-INCOME HOUSING · TX · income $1,743,391 · assets $9,355,729
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 · 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
- 2022
- Filed
- 14 May 2024
- IRS schema version
- 2022v5.0
- Source object
- 202421359349309582
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