Plazas De Merced FY2021 filing

Tax-deductible

Denver, CO501(c)(3)HousingEIN 86-0758961Revenue $248K in FY2021

On file with the IRSmercyhousing.org1600 Broadway Ste 2000, 80202-4929 · Denver, COTax-exempt since Mar 2012Publicly supported — 509(a)(2)

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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

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
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
$149K
35% of total assets
Looks good: liabilities are 35% 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
$248K
+4% vs prior year
Spent
$275K
To programs
96%
Net assets
$273K
By yearFY2020–FY2024
Revenue
$248K
FY2021▲ +4%
Tap a bar for its year
Revenue by fiscal year
FY2020$237K
FY2021$248K
FY2022$257K
FY2023$269K
FY2024$296K
Expenses
$275K
FY2021▲ +6%
Tap a bar for its year
Expenses by fiscal year
FY2020$261K
FY2021$275K
FY2022$275K
FY2023$274K
FY2024$263K
Net assets
$273K
FY2021▼ -9%
Tap a bar for its year
Net assets by fiscal year
FY2020$301K
FY2021$273K
FY2022$255K
FY2023$250K
FY2024$283K

From the FY2021 Form 990 · see the original

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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% · $264K Management & general 4% · $12K

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

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
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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.

Questions for Plazas De Merced

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Provided by the organization

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1 program · $264K · in their own filed words · FY2021
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.

$264Kprogram expense

By the numbers

The FY2021 990, line by line.

1The main four
Money inPt VIII
$248K
Ln 12
Gifts and grantsLn 1h$204K
Fees for servicesLn 2g$44K
Investment incomeLn 3$188
Money outPt IX
$275K
Ln 25
Programscol B$264K
Managementcol C$12K
Owns and owesPt X
$273K
net assets · Ln 32
Cash and savingsLn 1–2$22K
Total assetsLn 16$422K
LiabilitiesLn 26$149K
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$204K
Government grantsLn 1e$204K
Fees for servicesLn 2g$44K
Investment incomeLn 3$188
Total revenueLn 12$248K
Assets in detailPt X, end of year
CashLn 1$22K
Cash and savings togetherLn 1–2$22K
Land, buildings, equipmentLn 10c$224K
Other assetsLn 15$147K
Total assetsLn 16$422K
LiabilitiesLn 26$149K
Net assetsLn 32$273K
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 FY21End FY21
Cash and savingsLn 1–2$22K$22K
Land, buildings, equipmentLn 10c$267K$224K
Total assetsLn 16$408K$422K
LiabilitiesLn 26$107K$149K
Net assetsLn 32$301K$273K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Other salaries and wagesLn 7$57K$57K
Pension plan contributionsLn 8$1K$1K
Other employee benefitsLn 9$17K$17K
Payroll taxesLn 10$4K$4K
Management feesLn 11a$19K$19K
Legal feesLn 11b$257$257
Accounting feesLn 11c$12K$12K
Other fees for servicesLn 11g$1K$1K
Advertising and promotionLn 12$180$180
Office expensesLn 13$826$826
Information technologyLn 14$910$910
OccupancyLn 16$31K$31K
TravelLn 17$3K$3K
Conferences, conventions and meetingsLn 19$83$83
Depreciation, depletion and amortizationLn 22$69K$69K
InsuranceLn 23$10K$10K
Other expenses (24a–d)Ln 24$50K$50K
All other expensesLn 24e$60$60
Total functional expensesLn 25$275K$264K$12K$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 Viewing $248K$275K−$28K$273K 990 PDF
FY2020 $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 FY2021 990 (6 parts)
Part I · Summary $247,636 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $196,134$203,766
I-9 Program service revenuePrior year $40,067$43,682
I-10 Investment incomePrior year $1,046$188
I-11 Other revenuePrior year $0$0
I-12 Total revenuePrior year $237,247$247,636
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 $71,278$78,825
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $189,335$196,590
I-18 Total expensesPrior year $260,613$275,415
I-19 Revenue less expensesPrior year −$23,366−$27,779
Part VI · Governance 0 of 3 board members independent, 1 to look at
VI-1a Voting members of the governing body3
VI-1b Independent voting members0
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 $247,636 across 5 lines filed
VIII-1e Government grants$203,766
VIII-1h Total contributions, gifts and grants$203,766
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $43,682$43,682
VIII-3 Investment incomeExcluded from tax $188$188
VIII-12 Total revenueRelated to mission $43,682 · Unrelated business $0 · Excluded from tax $188$247,636
Part IX · Statement of functional expenses $275,415 across 18 lines filed
IX-7 Other salaries and wagesPrograms $56,725$56,725
IX-8 Pension plan contributionsPrograms $1,321$1,321
IX-9 Other employee benefitsPrograms $16,761$16,761
IX-10 Payroll taxesPrograms $4,018$4,018
IX-11a Management feesPrograms $18,900$18,900
IX-11b Legal feesPrograms $257$257
IX-11c Accounting feesManagement $11,773$11,773
IX-11g Other fees for servicesPrograms $1,470$1,470
IX-12 Advertising and promotionPrograms $180$180
IX-13 Office expensesPrograms $826$826
IX-14 Information technologyPrograms $910$910
IX-16 OccupancyPrograms $31,122$31,122
IX-17 TravelPrograms $2,512$2,512
IX-19 Conferences, conventions and meetingsPrograms $83$83
IX-22 Depreciation, depletion and amortizationPrograms $68,663$68,663
IX-23 InsurancePrograms $10,000$10,000
IX-24 Other expenses (24a–d)Programs $49,834$49,834
IX-24e All other expensesPrograms $60$60
IX-25 Total functional expensesPrograms $263,642 · Management $11,773 · Fundraising $0$275,415
Part X · Balance sheet $421,741 assets, 13 lines filed
X-1 Cash, non-interest-bearingStart of year $22,147$22,030
X-4 Accounts receivableStart of year $68$22,945
X-9 Prepaid expenses and deferred chargesStart of year $5,122$6,042
X-10c Land, buildings and equipment, netStart of year $266,746$223,673
X-15 Other assetsStart of year $113,529$147,051
X-16 Total assetsStart of year $407,612$421,741
X-17 Accounts payable and accrued expensesStart of year $81,450$122,531
X-19 Deferred revenueStart of year $570$1,586
X-25 Other liabilitiesStart of year $24,995$24,806
X-26 Total liabilitiesStart of year $107,015$148,923
X-27 Net assets without donor restrictionsStart of year $300,597$272,818
X-32 Total net assets or fund balancesStart of year $300,597$272,818
X-33 Total liabilities and net assetsStart of year $407,612$421,741
Part XI · Reconciliation of net assets $272,818 net assets at year end
XI-1 Total revenue$247,636
XI-2 Total expenses$275,415
XI-3 Revenue less expenses−$27,779
XI-4 Net assets at start of year$300,597
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$272,818

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

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