Plazas De Merced FY2020 filing

Tax-deductible

Denver, CO501(c)(3)HousingEIN 86-0758961

Own and operate a 25-unit low-income educational, and supportive services to low-income & homeless persons. Multi-state housing project in phoenix, AZ providing housing

501(c)(3) charity; gifts are tax-deductible.
96¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

Before you give

FY2020 · 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
FY2024
latest Form 990
Looks good: the latest return is for FY2024, 2 tax years back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
1 of 5
filings with a surplus
Average deficit $8K a year · 3% of revenue · last 5 filings
Concern: a surplus in 1 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
96%
of spending
Looks good: 96% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Cash reserves
1 mo
of spending, in cash
Fine: 1.0 months of spending in cash; 1 to 3.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$107K
26% of total assets
Looks good: liabilities are 26% of assets; 50% or less.
Pt X · Ln 26
Independent board members
0
of 3 voting members
Concern: none of 3 voting members are independent.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$237K
Spent
$261K
To programs
96%
Net assets
$301K
By yearFY2020–FY2024
Revenue
$237K
FY2020
Revenue by fiscal year
FY2020$237K
FY2021$248K
FY2022$257K
FY2023$269K
FY2024$296K
Expenses
$261K
FY2020
Expenses by fiscal year
FY2020$261K
FY2021$275K
FY2022$275K
FY2023$274K
FY2024$263K
Net assets
$301K
FY2020
Net assets by fiscal year
FY2020$301K
FY2021$273K
FY2022$255K
FY2023$250K
FY2024$283K

From the FY2020 Form 990 · see the original

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You’re viewing the FY2020 filing — not the latest on file. See the latest (FY2024) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Mar 2012.

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

Where the money goes

96 cents of each dollar spent went to programs.

Program services 96% · $249K Management & general 4% · $11K

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

Who runs it and what they're paid

4 people listed on the 990.

Part VII, Section A · reportable compensation
Vice President/Director
$0Pt VII · Sec A
Secretary/Director
$0Pt VII · Sec A
President/Director
$0Pt VII · Sec A
Treasurer
$0Pt VII · Sec A
See Plazas De Merced 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

Provides housing and educational support to low-income and homeless individuals in Phoenix, Arizona.

Provided by the organization

This section is blank until Plazas De Merced claims this page.

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1 program service account for $249K of program spending, described in the organization's own filed words · FY2020.
01

Plazas de merced was organized on january 12, 1994 as an arizona non-stock, non profit corporation for the purposes of constructing and operating a rental housing project under section 811 of the national affordable housing act of 1990. Such projects are regulated by hud as to rent charges and operating methods.

$249Kprogram expense

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By the numbers

The FY2020 990, line by line.

1The main four
Money inPt VIII
$237K
Ln 12
Gifts and grantsLn 1h$196K
Fees for servicesLn 2g$40K
Investment incomeLn 3$1K
Money outPt IX
$261K
Ln 25
Programscol B$249K
Managementcol C$11K
Owns and owesPt X
$301K
net assets · Ln 32
Cash and savingsLn 1–2$22K
Total assetsLn 16$408K
LiabilitiesLn 26$107K
PeoplePt VI, VII
4
listed · VII A
PaidVII A0
Voting boardVI 1a3
IndependentVI 1b0
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$196K
Government grantsLn 1e$196K
Fees for servicesLn 2g$40K
Investment incomeLn 3$1K
Total revenueLn 12$237K
Assets in detailPt X, end of year
CashLn 1$22K
Cash and savings togetherLn 1–2$22K
Land, buildings, equipmentLn 10c$267K
Other assetsLn 15$114K
Total assetsLn 16$408K
LiabilitiesLn 26$107K
Net assetsLn 32$301K
OperationsPt I, VI
EmployeesI 50
VolunteersI 60
Fiscal year endsHeaderDecember
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 FY20End FY20
Cash and savingsLn 1–2$17K$22K
Land, buildings, equipmentLn 10c$322K$267K
Total assetsLn 16$439K$408K
LiabilitiesLn 26$115K$107K
Net assetsLn 32$324K$301K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Other salaries and wagesLn 7$51K$51K
Pension plan contributionsLn 8$1K$1K
Other employee benefitsLn 9$15K$15K
Payroll taxesLn 10$4K$4K
Management feesLn 11a$19K$19K
Legal feesLn 11b$1K$1K
Accounting feesLn 11c$11K$11K
Other fees for servicesLn 11g$510$510
Advertising and promotionLn 12$180$180
Office expensesLn 13$2K$2K
Information technologyLn 14$875$875
OccupancyLn 16$30K$30K
TravelLn 17$5K$5K
Conferences, conventions and meetingsLn 19$416$416
Depreciation, depletion and amortizationLn 22$65K$65K
Other expenses (24a–d)Ln 24$54K$54K
All other expensesLn 24e$55$55
Total functional expensesLn 25$261K$249K$11K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest $296K$263K$33K$283K 990 PDF
FY2023 $269K$274K−$5K$250K 990 PDF
FY2022 $257K$275K−$18K$255K 990 PDF
FY2021 $248K$275K−$28K$273K 990 PDF
FY2020 Viewing $237K$261K−$23K$301K 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 FY2020 990 (4 parts)
Part VIII · Statement of revenue $237,247 across 5 lines filed
VIII-1e Government grants$196,134
VIII-1h Total contributions, gifts and grants$196,134
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $40,067$40,067
VIII-3 Investment incomeExcluded from tax $1,046$1,046
VIII-12 Total revenueRelated to mission $40,067 · Unrelated business $0 · Excluded from tax $1,046$237,247
Part IX · Statement of functional expenses $260,613 across 17 lines filed
IX-7 Other salaries and wagesPrograms $51,212$51,212
IX-8 Pension plan contributionsPrograms $1,073$1,073
IX-9 Other employee benefitsPrograms $15,306$15,306
IX-10 Payroll taxesPrograms $3,687$3,687
IX-11a Management feesPrograms $18,900$18,900
IX-11b Legal feesPrograms $1,063$1,063
IX-11c Accounting feesManagement $11,380$11,380
IX-11g Other fees for servicesPrograms $510$510
IX-12 Advertising and promotionPrograms $180$180
IX-13 Office expensesPrograms $2,350$2,350
IX-14 Information technologyPrograms $875$875
IX-16 OccupancyPrograms $29,660$29,660
IX-17 TravelPrograms $5,016$5,016
IX-19 Conferences, conventions and meetingsPrograms $416$416
IX-22 Depreciation, depletion and amortizationPrograms $64,792$64,792
IX-24 Other expenses (24a–d)Programs $54,138$54,138
IX-24e All other expensesPrograms $55$55
IX-25 Total functional expensesPrograms $249,233 · Management $11,380 · Fundraising $0$260,613
Part X · Balance sheet $407,612 assets, 13 lines filed
X-1 Cash, non-interest-bearingStart of year $16,566$22,147
X-4 Accounts receivableStart of year $2,468$68
X-9 Prepaid expenses and deferred chargesStart of year $4,066$5,122
X-10c Land, buildings and equipment, netStart of year $322,225$266,746
X-15 Other assetsStart of year $93,676$113,529
X-16 Total assetsStart of year $439,001$407,612
X-17 Accounts payable and accrued expensesStart of year $86,949$81,450
X-19 Deferred revenueStart of year $3,555$570
X-25 Other liabilitiesStart of year $24,534$24,995
X-26 Total liabilitiesStart of year $115,038$107,015
X-27 Net assets without donor restrictionsStart of year $323,963$300,597
X-32 Total net assets or fund balancesStart of year $323,963$300,597
X-33 Total liabilities and net assetsStart of year $439,001$407,612
Part XI · Reconciliation of net assets $300,597 net assets at year end
XI-1 Total revenue$237,247
XI-2 Total expenses$260,613
XI-3 Revenue less expenses−$23,366
XI-4 Net assets at start of year$323,963
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$300,597

Form 990 e-file (XML) FY2020 from the IRS · Classification, formation year and address from the IRS Business Master File

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