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Nonprofit · EIN 25-1523703

MERCY TERRACE APARTMENTS

Tax-exempt · ERIE, PA 16504

Financials

$594K$497K2023$532K$518K2024$532K$534K2025
Revenue Expenses · by fiscal year end
Financials of MERCY TERRACE APARTMENTS by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
December 31, 2025990$532,238$533,864-$1,626$2,636,190$45,833$2,590,357
December 31, 2024990$531,819$517,666$14,153$2,609,665$45,233$2,564,432
December 31, 2023990$593,651$497,349$96,302$2,575,506$40,235$2,535,271
Financial details: 990 for the year ended December 31, 2025

Revenue

Contributions, gifts and grants
$2,442
Program service revenue
$493,170
Investment income
$36,626
Net gain from sales of assets
$16,858
Other revenue
$0

Expenses

Grants and similar amounts paid
$63,765
Compensation of officers, directors and key employees
$80,901
Other salaries and wages
$61,621
Salaries, compensation and benefits (total)
$163,545
Professional fundraising fees
$0
Accounting fees
$4,680
Occupancy
$55,802
Depreciation
$135,506
Program services (functional)
$487,934
Management and general (functional)
$45,930

Balance sheet and other

Total assets, start of year
$2,609,665
Total assets, end of year
$2,636,190
Total liabilities, end of year
$45,833
Net assets, end of year
$2,590,357
Land, buildings and equipment
$1,897,604
Publicly traded securities
$461,143
Net assets without donor restrictions
$2,590,357
Gross receipts
$532,238
Employees
5
Volunteers
0
Year formed
1985
State of legal domicile
PA

From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.

Officers, directors and key employees

As listed on the 990 for the year ended December 31, 2025, highest compensation first.

NameTitleHours / weekCompensation
Kelly J CarsonExecutive Director
Trustee or director
40$41,451
Mary E ZennerFormer Executive Director
Trustee or director
40$39,450
Kim GoetzMember at large
Trustee or director
2$0
Sr Lisa Mary McCartney RSM PhDBoard Secretary
Trustee or director, Officer
2$0
Rev Michael P FerrickBoard Member
Trustee or director
2$0
Thomas BrunnerBoard Member
Trustee or director
2$0
Melissa L Larese EsqVice Chairperson
Trustee or director, Officer
2$0
Sr JoAnne Courneen RSMBoard Treasurer
Trustee or director, Officer
2$0
Matthew J RoseBoard Member
Trustee or director
2$0
Mark Simpson CPA CFPBoard Member
Trustee or director
2$0
Melanie TitzelBoard Member
Trustee or director
2$0
990 for the year ended December 31, 2024: 11 people
NameTitleHours / weekCompensation
Mary E ZennerExecutive Director
Trustee or director
40$71,485
Kim GoetzMember at large
Trustee or director
2$0
Sr Lisa Mary McCartney RSM PhDBoard Secretary
Trustee or director, Officer
2$0
Rev Michael P FerrickBoard Member
Trustee or director
2$0
Thomas BrunnerBoard Member
Trustee or director
2$0
Michele WheatonChairperson
Trustee or director
2$0
Melissa L Larese EsqVice Chairperson
Trustee or director, Officer
2$0
Sr JoAnne Courneen RSMBoard Treasurer
Trustee or director, Officer
2$0
Matthew J RoseBoard Member
Trustee or director
2$0
Mark Simpson CPA CFPBoard Member
Trustee or director
2$0
Lisa AndersonBoard Member
Trustee or director
2$0
990 for the year ended December 31, 2023: 13 people
NameTitleHours / weekCompensation
Mary E ZennerExecutive Director
Trustee or director, Officer
40$71,341
Diane McCulloughMember at large
Trustee or director
2$0
Sr Lisa Mary McCartney RSM PhDBoard Secretary
Trustee or director, Officer
2$0
Rev Michael P FerrickBoard Member
Trustee or director
2$0
Linda WozniakBoard Member
Trustee or director
2$0
Thomas BrunnerBoard Member
Trustee or director
2$0
John C MartinBoard Member
Trustee or director
2$0
Michele WheatonChairperson
Trustee or director, Officer
2$0
Melissa L Larese EsqVice Chairperson
Trustee or director
2$0
Sr JoAnne Courneen RSMBoard Treasurer
Trustee or director
2$0
Matthew J RoseBoard Member
Trustee or director
2$0
Mark Simpson CPA CFPBoard Member
Trustee or director
2$0
Lisa AndersonBoard Member
Trustee or director
2$0

Address and contacts

Address (IRS master file)
430 EAST GRANDVIEW BLVD, ERIE, PA 16504-2652
Principal officer (990 for 2025)
Kelly J Carson, 430 East Grandview Blvd, Erie, PA 16504
Signed the 990
Kelly J Carson, Executive Director
Phone
(814) 825-6791
Return prepared by
Gorzynski Uglow & Farrell PC

Mission

Operation of an independent living apartment complex for the elderly, meeting their social, spiritual, physical and psychological needs in housing and immediate environment, at a moderate cost.

990 for the year ended December 31, 2025

Program accomplishments

  • Operation of a 64 unit independent living apartment complex for the elderly meeting their social, spiritual, physical and psychological needs in housing and immediate environment, at a moderate cost.
    Expenses $487,934 · grants $63,765 · revenue $529,796

What it must file and when

IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.

Tax yearYear endedDueIRS public records
2025December 31, 2025May 15, 2026990 on file
2024December 31, 2024May 15, 2025990 on file
2023December 31, 2023May 15, 2024990 on file

IRS record

EIN
25-1523703
Tax-exempt status
501(c)(3): Charitable, religious, educational or scientific organization
Foundation status
Publicly supported organization (170(b)(1)(A)(vi))
Exempt since
1946
Accounting year ends
December
Files
Form 990 or 990-EZ
Assets (IRS master file)
$2,636,190
Income (IRS master file)
$532,238

Filing history

FormYear endedRevenueExpensesAssetsReturn
990December 2025$532,238$533,864$2,636,190IRS
990December 2024$531,819$517,666$2,609,665XML
990December 2023$593,651$497,349$2,575,506XML
990December 2022$519,157$514,575$2,447,079IRS
990December 2021–––IRS
990December 2020–––IRS
990December 2019–––IRS
990December 2018–––IRS

990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 25-1523703).

Questions about MERCY TERRACE APARTMENTS

What is the EIN of MERCY TERRACE APARTMENTS?
The employer identification number (EIN) of MERCY TERRACE APARTMENTS is 25-1523703.
Is MERCY TERRACE APARTMENTS tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1946.
Which annual return does MERCY TERRACE APARTMENTS file?
Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
When is the next return of MERCY TERRACE APARTMENTS due?
The return for tax year 2026 (the year ending December 31, 2026) is due May 17, 2027. Form 8868 extends it by six months; the 990-N cannot be extended.
When did MERCY TERRACE APARTMENTS last file with the IRS?
The latest return in the IRS public files is the 990 for the year ended December 2025.
Who is the principal officer of MERCY TERRACE APARTMENTS?
The 990 for the year ended December 31, 2025 names Kelly J Carson.
Who are the officers and directors of MERCY TERRACE APARTMENTS?
The 990 for the year ended December 31, 2025 lists 11 people; 2 received compensation from the organization, the highest $41,451 (Kelly J Carson, Executive Director).
How much revenue does MERCY TERRACE APARTMENTS have?
On its 990 for the year ended December 31, 2025 it reported revenue of $532,238, expenses of $533,864 and total assets of $2,636,190 at year end.

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