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Plazas De Merced FY2023 filing

Tax-deductible

Denver, CO501(c)(3)HousingEIN 86-0758961Revenue $269K in FY2023

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.
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

FY2023 · 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
89%
of spending
Looks good: 89% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Cash reserves
3 mo
of spending, in cash
Looks good: 3.2 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$148K
37% of total assets
Looks good: liabilities are 37% 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
$269K
+5% vs prior year
Spent
$274K
To programs
89%
Net assets
$250K
By yearFY2020–FY2024
Revenue
$269K
FY2023▲ +5%
Tap a bar for its year
Revenue by fiscal year
FY2020$237K
FY2021$248K
FY2022$257K
FY2023$269K
FY2024$296K
Expenses
$274K
FY2023-0.3%
Tap a bar for its year
Expenses by fiscal year
FY2020$261K
FY2021$275K
FY2022$275K
FY2023$274K
FY2024$263K
Net assets
$250K
FY2023▼ -2%
Tap a bar for its year
Net assets by fiscal year
FY2020$301K
FY2021$273K
FY2022$255K
FY2023$250K
FY2024$283K

From the FY2023 Form 990 · see the original

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You’re viewing the FY2023 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

89 cents of each dollar spent went to programs.

Program services 89% · $243K Management & general 11% · $31K

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

9 people listed on the 990.

Part VII, Section A · reportable compensation
Kassidi Boening
Vice President/Director
$0Pt VII · Sec A
Melissa Clayton
Vice President/Director
$0Pt VII · Sec A
Shelly Marquez
President/Director
$0Pt VII · Sec A
Chad Payne
Treasurer
$0Pt VII · Sec A
Ellen Abrams
Vice President
$0Pt VII · Sec A
Joanna Crosby
Vice President
$0Pt VII · Sec A
Joe Rosenblum
Secretary
$0Pt VII · Sec A
Kuhl Brown
Vice President
$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.

Questions for Plazas De Merced

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Provided by the organization

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1 program · $243K · in their own filed words · FY2023
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.

$243Kprogram expense

By the numbers

The FY2023 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$269K
Ln 12
Gifts and grantsLn 1h$208K
Fees for servicesLn 2g$59K
Other incomeLn 4–11$1K
Money outPt IX
$274K
Ln 25
Programscol B$243K
Managementcol C$31K
Owns and owesPt X
$250K
net assets · Ln 32
Cash and savingsLn 1–2$74K
Total assetsLn 16$398K
LiabilitiesLn 26$148K
PeoplePt VI, VII
9
listed · VII A
PaidVII A0
Voting boardVI 1a3
IndependentVI 1b0
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$208K
Government grantsLn 1e$208K
Fees for servicesLn 2g$59K
Investment incomeLn 3$148
Other incomeLn 4–11$1K
Total revenueLn 12$269K
Assets in detailPt X, end of year
CashLn 1$74K
Cash and savings togetherLn 1–2$74K
Land, buildings, equipmentLn 10c$162K
Other assetsLn 15$153K
Total assetsLn 16$398K
LiabilitiesLn 26$148K
Net assetsLn 32$250K
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 FY23End FY23
Cash and savingsLn 1–2$51K$74K
Land, buildings, equipmentLn 10c$153K$162K
Total assetsLn 16$364K$398K
LiabilitiesLn 26$109K$148K
Net assetsLn 32$255K$250K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Management feesLn 11a$19K$19K
Legal feesLn 11b$173$173
Accounting feesLn 11c$12K$12K
Other fees for servicesLn 11g$101K$101K
Advertising and promotionLn 12$541$541
Office expensesLn 13$3K$3K
OccupancyLn 16$90K$90K
Conferences, conventions and meetingsLn 19$5K$5K
Depreciation, depletion and amortizationLn 22$43K$43K
Other expenses (24a–d)Ln 24$160$160
Total functional expensesLn 25$274K$243K$31K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest $296K$263K$33K$283K 990 PDF
FY2023 Viewing $269K$274K−$5K$250K 990 PDF
FY2022 $257K$275K−$18K$255K 990 PDF
FY2021 $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 FY2023 990 (6 parts)
Part I · Summary $269,480 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $206,901$208,489
I-9 Program service revenuePrior year $50,115$59,455
I-10 Investment incomePrior year $100$148
I-11 Other revenuePrior year $0$1,388
I-12 Total revenuePrior year $257,116$269,480
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 $51,824$0
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $223,192$274,247
I-18 Total expensesPrior year $275,016$274,247
I-19 Revenue less expensesPrior year −$17,900−$4,767
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 $269,480 across 6 lines filed
Lines not itemized here account for $1,277 of total revenue; see the IRS return.
VIII-1e Government grants$208,489
VIII-1h Total contributions, gifts and grants$208,489
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $59,455$59,455
VIII-3 Investment incomeExcluded from tax $148$148
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $111$111
VIII-12 Total revenueRelated to mission $60,843 · Unrelated business $0 · Excluded from tax $148$269,480
Part IX · Statement of functional expenses $274,247 across 10 lines filed
IX-11a Management feesManagement $18,900$18,900
IX-11b Legal feesPrograms $173$173
IX-11c Accounting feesManagement $11,914$11,914
IX-11g Other fees for servicesPrograms $101,277$101,277
IX-12 Advertising and promotionPrograms $541$541
IX-13 Office expensesPrograms $3,046$3,046
IX-16 OccupancyPrograms $90,165$90,165
IX-19 Conferences, conventions and meetingsPrograms $4,797$4,797
IX-22 Depreciation, depletion and amortizationPrograms $43,274$43,274
IX-24 Other expenses (24a–d)Programs $160$160
IX-25 Total functional expensesPrograms $243,433 · Management $30,814 · Fundraising $0$274,247
Part X · Balance sheet $397,979 assets, 13 lines filed
X-1 Cash, non-interest-bearingStart of year $51,201$74,077
X-4 Accounts receivableStart of year $6,581$881
X-9 Prepaid expenses and deferred chargesStart of year $6,430$8,011
X-10c Land, buildings and equipment, netStart of year $152,763$161,802
X-15 Other assetsStart of year $147,183$153,208
X-16 Total assetsStart of year $364,158$397,979
X-17 Accounts payable and accrued expensesStart of year $81,656$121,525
X-19 Deferred revenueStart of year $2,160$1,094
X-25 Other liabilitiesStart of year $25,424$20,000
X-26 Total liabilitiesStart of year $109,240$147,828
X-27 Net assets without donor restrictionsStart of year $254,918$250,151
X-32 Total net assets or fund balancesStart of year $254,918$250,151
X-33 Total liabilities and net assetsStart of year $364,158$397,979
Part XI · Reconciliation of net assets $250,151 net assets at year end
XI-1 Total revenue$269,480
XI-2 Total expenses$274,247
XI-3 Revenue less expenses−$4,767
XI-4 Net assets at start of year$254,918
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$250,151

Form 990 e-file (XML) FY2023 from the IRS · Classification, formation year and address from the IRS Business Master File

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