Nonprofit · EIN 84-1559406
MERCY COMMUNITY CAPITAL
Tax-exempt · DENVER, CO 80202
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $16,527,831 | $5,777,001 | $10,750,830 | $138,724,673 | $77,833,547 | $60,891,126 |
| December 31, 2023 | 990 | $9,783,164 | $3,996,767 | $5,786,397 | $124,987,324 | $74,847,028 | $50,140,296 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $8,510,700
- of which government grants
- $8,080,735
- Program service revenue
- $7,623,425
- Investment income
- $372,591
- Other revenue
- $21,115
Expenses
- Grants and similar amounts paid
- $0
- Other salaries and wages
- $1,332,492
- Salaries, compensation and benefits (total)
- $1,692,510
- Professional fundraising fees
- $0
- Legal fees
- $83,576
- Accounting fees
- $27,765
- Travel
- $39,016
- Program services (functional)
- $4,321,366
- Management and general (functional)
- $1,455,635
Balance sheet and other
- Total assets, start of year
- $124,987,324
- Total assets, end of year
- $138,724,673
- Total liabilities, end of year
- $77,833,547
- Net assets, end of year
- $60,891,126
- Net assets without donor restrictions
- $53,391,126
- Net assets with donor restrictions
- $7,500,000
- Gross receipts
- $16,527,831
- Employees
- 0
- Volunteers
- 7
- Year formed
- 2000
- State of legal domicile
- CO
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, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| DEBRA WALSH | VICE PRESIDENT Officer | 0.1 | $0 | $360,688 | $25,910 |
| STEFANIE JOY | PRESIDENT Officer | 0.1 | $0 | $206,756 | $42,563 |
| JOE ROSENBLUM | ASSISTANT SECRETARY Officer | 0.1 | $0 | $232,582 | $10,382 |
| JAYA JOHNSON | DIRECTOR Trustee or director | 0.1 | $0 | $204,694 | $31,667 |
| BRIAN SAMPLE | VICE PRESIDENT Officer | 0.1 | $0 | $181,510 | $20,988 |
| ROBERT HAMMOCK | VICE PRESIDENT Officer | 0.1 | $0 | $164,826 | $30,353 |
| THERESA GALLEGOS | TREASURER AND FINANCE DIRECTOR Officer | 0.1 | $0 | $137,165 | $19,812 |
| LAURIE GLASGOW-GILL | SECRETARY Officer | 0.1 | $0 | $115,339 | $18,922 |
| CATALINA VIELMA | DIRECTOR Trustee or director | 0.1 | $0 | $0 | $0 |
| JAIME GOMEZ | DIRECTOR Trustee or director | 0.1 | $0 | $0 | $0 |
| JOHN POWELL | DIRECTOR Trustee or director | 0.1 | $0 | $0 | $0 |
| NONI RAMOS | CHAIR Trustee or director, Officer | 0.1 | $0 | $0 | $0 |
| SISTER MARILN LLANES | DIRECTOR Trustee or director | 0.1 | $0 | $0 | $0 |
| TIM MARTIN | VICE CHAIR Trustee or director, Officer | 0.1 | $0 | $0 | $0 |
| TOM BYERS | DIRECTOR Trustee or director | 0.1 | $0 | $0 | $0 |
990 for the year ended December 31, 2023: 15 people
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| DEBRA WALSH | VICE PRESIDENT Officer | 1 | $0 | $344,082 | $26,229 |
| JOE ROSENBLUM | ASSISTANT SECRETARY Officer | 1 | $0 | $222,348 | $10,201 |
| STEFANIE JOY | VP (UNTIL 6/23)/ PRES. (AS OF 6/23) Officer | 1 | $0 | $200,814 | $27,568 |
| JAYA JOHNSON | DIRECTOR Trustee or director | 1 | $0 | $190,424 | $27,628 |
| JASON BATTISTA | PRESIDENT (UNTIL 6/23) Officer | 1 | $0 | $169,265 | $16,454 |
| BRIAN SAMPLE | VICE PRESIDENT Officer | 1 | $0 | $151,639 | $20,402 |
| THERESA GALLEGOS | TREASURER AND FINANCE DIRECTOR Officer | 1 | $0 | $129,958 | $18,656 |
| LAURIE GLASGOW-GILL | SECRETARY Officer | 1 | $0 | $107,886 | $17,678 |
| ROBERT HAMMOCK | VICE PRESIDENT Officer | 1 | $0 | $20,921 | $4,006 |
| JAIME GOMEZ | CHAIR Trustee or director, Officer | 1 | $0 | $0 | $0 |
| YVONNE CAMACHO | VICE CHAIR Trustee or director, Officer | 1 | $0 | $0 | $0 |
| TOM BYERS | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| SR CORINNE FLOREK | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| TIM MARTIN | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
| NONI RAMOS | DIRECTOR Trustee or director | 1 | $0 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 1600 BROADWAY STE 2000, DENVER, CO 80202-4929
- In care of
- % LAURIE GLASGOW GILL
- Principal officer (990 for 2024)
- STEFANIE JOY, 1600 BROADWAY SUITE 2000, DENVER, CO 80202
- Signed the 990
- STEFANIE JOY, PRESIDENT
- Phone
- (303) 830-3300
- Return prepared by
- COHNREZNICK ADVISORY LLC
Mission
THE MISSION OF MERCY COMMUNITY CAPITAL IS TO PROVIDE BELOW-MARKET LOANS IN ORDER TO SUPPORT AFFORDABLE HOUSING DEVELOPMENTS WHEN CONVENTIONAL FINANCING IS NOT POSSIBLE OR AFFORDABLE. DEVELOPERS AND NONPROFIT ORGANIZATIONS SEEKING LOANS FROM MERCY COMMUNITY CAPITAL MUST DEMONSTRATE THAT THE PROPERTY WILL SERVE A RESIDENT BASIS WHERE THE FAMILY'S AVERAGE MEDIUM INCOME CANNOT EXCEED 80% OF THE AREA MEDIUM INCOME. MERCY COMMUNITY CAPITAL HAS HELPED FINANCE THE DEVELOPMENT OF SINGLE- AND MULTI-FAMILY HOMES FOR RENTAL AND HOMEOWNERSHIP. THESE DEVELOPMENTS SERVE A VARIETY OF PEOPLE, INCLUDING LOW-INCOME FAMILIES AND INDIVIDUALS, THE WORKING POOR, SENIORS, FARM WORKERS, FORMERLY HOMELESS INDIVIDUALS AND PEOPLE WITH SPECIAL NEEDS. MERCY COMMUNITY CAPITAL IS CERTIFIED BY THE U.S. TREASURY DEPARTMENT AS A COMMUNITY DEVELOPMENT FINANCIAL INSTITUTION.
Program accomplishments
- LENDING ACTIVITIES INCLUDE UNDERWRITING, CREDIT REVIEW, CASH AND INVESTMENT MANAGEMENT AND LOAN SERVICING FOR A DIVERSE PORTFOLIO OF LOANS COVERING PROPERTIES LOCATED IN 45 STATES AND PUERTO RICO.Expenses $4,321,366 · revenue $7,644,540
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 year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | Not on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 84-1559406
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (170(b)(1)(A)(vi))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 2001
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Housing and shelter (L20)
- Assets (IRS master file)
- $138,724,673
- Income (IRS master file)
- $16,527,831
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $16,527,831 | $5,777,001 | $138,724,673 | XML |
| 990 | December 2023 | $9,783,164 | $3,996,767 | $124,987,324 | XML |
| 990 | December 2022 | $5,958,832 | $3,580,630 | $105,266,874 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990 | December 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 84-1559406).
Questions about MERCY COMMUNITY CAPITAL
- What is the EIN of MERCY COMMUNITY CAPITAL?
- The employer identification number (EIN) of MERCY COMMUNITY CAPITAL is 84-1559406.
- Is MERCY COMMUNITY CAPITAL tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2001.
- Are donations to MERCY COMMUNITY CAPITAL tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does MERCY COMMUNITY CAPITAL 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 COMMUNITY CAPITAL due?
- The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did MERCY COMMUNITY CAPITAL last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2024.
- Who is the principal officer of MERCY COMMUNITY CAPITAL?
- The 990 for the year ended December 31, 2024 names STEFANIE JOY.
- Who are the officers and directors of MERCY COMMUNITY CAPITAL?
- The 990 for the year ended December 31, 2024 lists 15 people; 0 received compensation from the organization.
- How much revenue does MERCY COMMUNITY CAPITAL have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $16,527,831, expenses of $5,777,001 and total assets of $138,724,673 at year end.
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