Mercy Manor FY2021 filing

Tax-deductible

Albany, MN501(c)(3)Since 1994HousingEIN 41-1805317Revenue $205K in FY2021

On file with the IRSbenedictineliving.org/albany-mn/living-care-o334 Golfview Drive, 56307-8316 · Albany, MNTax-exempt since Apr 1995Publicly supported — 509(a)(2)

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To provide low income elderly with housing facilities and services specially designed to meet their physical, social, and psychological needs, and to promote their health, security, happiness, and usefulness in longer living, the charges for such facilities and services to be predicated upon the provision, maintenance, and operation thereof on a non-profit basis.

501(c)(3) charity; gifts are tax-deductible.
89¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

Before you give

FY2021 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2025
latest Form 990
Looks good: the latest return is for FY2025, 1 tax year back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
1 of 6
filings with a surplus
Average deficit $70K a year · 27% of revenue · last 6 filings
Concern: a surplus in 1 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Spent on programs
89%
of spending
Looks good: 89% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Cash reserves
9 mo
of spending, in cash
Looks good: 9.1 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$211K
12% of total assets
Looks good: liabilities are 12% of assets; 50% or less.
Pt X · Ln 26
Independent board members
13
of 13 voting members
Looks good: 13 of 13 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$205K
-3% vs prior year
Spent
$301K
To programs
89%
Net assets
$1.5M
By yearFY2020–FY2025
Revenue
$205K
FY2021▼ -3%
Tap a bar for its year
Revenue by fiscal year
FY2020$210K
FY2021$205K
FY2022$207K
FY2023$227K
FY2024$417K
FY2025$262K
Expenses
$301K
FY2021▲ +1%
Tap a bar for its year
Expenses by fiscal year
FY2020$297K
FY2021$301K
FY2022$328K
FY2023$326K
FY2024$351K
FY2025$345K
Net assets
$1.5M
FY2021▼ -6%
Tap a bar for its year
Net assets by fiscal year
FY2020$1.6M
FY2021$1.5M
FY2022$1.4M
FY2023$1.3M
FY2024$1.4M
FY2025$1.3M

From the FY2021 Form 990 (year ending September 2021) · see the original

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You’re viewing the FY2021 filing — not the latest on file. See the latest (FY2025) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Apr 1995.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

89 cents of each dollar spent went to programs.

Program services 89% · $267K Management & general 11% · $34K

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

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Who runs it and what they're paid

16 people listed on the 990.

Part VII, Section A · reportable compensation · most recent filed roster (FY2020); the FY2021 filing did not itemize Part VII
Chief Financial Officer
$0Pt VII · Sec A
Chief Executive Officer
$0Pt VII · Sec A
President
$0Pt VII · Sec A
Vice President
$0Pt VII · Sec A
Treasurer
$0Pt VII · Sec A
$0Pt VII · Sec A
Director (thru September)
$0Pt VII · Sec A
$0Pt VII · Sec A
See Mercy Manor executive salaries →

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Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aNo

Programs and updates

Offers housing and services for low-income seniors, promoting their well-being and happiness.

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Provided by the organization

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1 program · $267K · in their own filed words · FY2020
01

Senior citizens housing project with 40 rental units which provide quality housing to low-income senior citizens.

$267Kprogram expense

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

By the numbers

The FY2021 990, line by line.

1The main four
Money inPt VIII
$205K
Ln 12
Fees for servicesLn 2g$202K
Other incomeLn 4–11$2K
Investment incomeLn 3$652
Money outPt IX
$301K
Ln 25
Programscol B$267K
Managementcol C$34K
Owns and owesPt X
$1.5M
net assets · Ln 32
Cash and savingsLn 1–2$229K
Total assetsLn 16$1.7M
LiabilitiesLn 26$211K
PeoplePt VI, VII
16
listed · VII A
PaidVII A0
Voting boardVI 1a13
IndependentVI 1b13
2In more detail
Revenue in detailPt VIII
Fees for servicesLn 2g$202K
Investment incomeLn 3$652
Other incomeLn 4–11$2K
Total revenueLn 12$205K
Assets in detailPt X, end of year
CashLn 1$200
SavingsLn 2$229K
Cash and savings togetherLn 1–2$229K
Land, buildings, equipmentLn 10c$1.5M
Other assetsLn 15$3K
Total assetsLn 16$1.7M
LiabilitiesLn 26$211K
Net assetsLn 32$1.5M
OperationsPt I, VI
EmployeesI 50
VolunteersI 68
Fiscal year endsHeaderSeptember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY21End FY21
Cash and savingsLn 1–2$208K$229K
Land, buildings, equipmentLn 10c$1.6M$1.5M
Total assetsLn 16$1.8M$1.7M
LiabilitiesLn 26$183K$211K
Net assetsLn 32$1.6M$1.5M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Other salaries and wagesLn 7$31K$31K
Other employee benefitsLn 9$7K$7K
Payroll taxesLn 10$2K$2K
Management feesLn 11a$24K$24K
Accounting feesLn 11c$10K$10K
Other fees for servicesLn 11g$11K$11K
Advertising and promotionLn 12$2K$2K
Office expensesLn 13$24K$24K
OccupancyLn 16$85K$85K
TravelLn 17$17$17
Conferences, conventions and meetingsLn 19$150$150
Depreciation, depletion and amortizationLn 22$104K$104K
Total functional expensesLn 25$301K$267K$34K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest $262K$345K−$83K$1.3M 990 PDF
FY2024 $417K$351K$66K$1.4M 990 PDF
FY2023 $227K$326K−$98K$1.3M 990 PDF
FY2022 $207K$328K−$121K$1.4M 990 PDF
FY2021 Viewing $205K$301K−$97K$1.5M 990 PDF
FY2020 $210K$297K−$87K$1.6M 990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
See the full FY2021 990 (6 parts)
Part I · Summary $204,541 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $0$0
I-9 Program service revenuePrior year $200,590$201,960
I-10 Investment incomePrior year $913$652
I-11 Other revenuePrior year $8,513$1,929
I-12 Total revenuePrior year $210,016$204,541
I-13 Grants and similar amounts paidPrior year $0$0
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $39,230$40,397
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $257,784$260,806
I-18 Total expensesPrior year $297,014$301,203
I-19 Revenue less expensesPrior year −$86,998−$96,662
Part VI · Governance 13 of 13 board members independent, 1 to look at
VI-1a Voting members of the governing body13
VI-1b Independent voting members13
VI-15a Process for setting top official's payNo
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
VI-13 Written whistleblower policyYes
VI-14 Document retention and destruction policyYes
Part VIII · Statement of revenue $204,541 across 3 lines filed
Lines not itemized here account for $1,929 of total revenue; see the IRS return.
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $198,722 · Excluded from tax $3,238$201,960
VIII-3 Investment incomeExcluded from tax $652$652
VIII-12 Total revenueRelated to mission $198,722 · Unrelated business $0 · Excluded from tax $5,819$204,541
Part IX · Statement of functional expenses $301,203 across 12 lines filed
IX-7 Other salaries and wagesPrograms $31,089$31,089
IX-9 Other employee benefitsPrograms $7,315$7,315
IX-10 Payroll taxesPrograms $1,993$1,993
IX-11a Management feesManagement $24,168$24,168
IX-11c Accounting feesManagement $9,996$9,996
IX-11g Other fees for servicesPrograms $11,419$11,419
IX-12 Advertising and promotionPrograms $1,753$1,753
IX-13 Office expensesPrograms $23,852$23,852
IX-16 OccupancyPrograms $85,466$85,466
IX-17 TravelPrograms $17$17
IX-19 Conferences, conventions and meetingsPrograms $150$150
IX-22 Depreciation, depletion and amortizationPrograms $103,985$103,985
IX-25 Total functional expensesPrograms $267,039 · Management $34,164 · Fundraising $0$301,203
Part X · Balance sheet $1,746,573 assets, 13 lines filed
X-1 Cash, non-interest-bearingStart of year $100$200
X-2 Savings and temporary cash investmentsStart of year $207,710$228,607
X-4 Accounts receivable$2,212
X-10c Land, buildings and equipment, netStart of year $1,605,025$1,512,691
X-15 Other assetsStart of year $2,863$2,863
X-16 Total assetsStart of year $1,815,698$1,746,573
X-17 Accounts payable and accrued expensesStart of year $133,864$152,160
X-25 Other liabilitiesStart of year $35,562$44,083
X-26 Total liabilitiesStart of year $183,124$210,661
X-27 Net assets without donor restrictionsStart of year −$2,053,549−$2,150,211
X-28 Net assets with donor restrictionsStart of year $3,686,123$3,686,123
X-32 Total net assets or fund balancesStart of year $1,632,574$1,535,912
X-33 Total liabilities and net assetsStart of year $1,815,698$1,746,573
Part XI · Reconciliation of net assets $1,535,912 net assets at year end
XI-1 Total revenue$204,541
XI-2 Total expenses$301,203
XI-3 Revenue less expenses−$96,662
XI-4 Net assets at start of year$1,632,574
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$1,535,912

Form 990 e-file (XML) FY2021 from the IRS · Classification, formation year and address from the IRS Business Master File

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