MERRITT COMMUNITY CAPITAL CORPORATION Charity Report

Public IRS 990 nonprofit record

MERRITT COMMUNITY CAPITAL CORPORATION

EIN 94-3099401 · Housing & Shelter (L99Z)

What they do

to SUPPORT and RAISE CAPITAL for THE DEVELOPMENT of LOW to MODERATE-INCOME HOUSING IN THE STATE of CALIFORNIA.

Before you give

Should I give to this charity?

Easy charity check

Look at where the money went

Of every $100 spent, about $80.40 was reported for mission work. Use the spending picture below and ask what results that work produced.

Plain answer: A tax form cannot prove that a charity is doing good. It can show how the charity says it spent its money—and point out questions you should ask.

Basic facts we verified

IRS warning checkNo IRS revocation warning appears in this data.

Money report from 2024The charity has a recent tax report to read.

They explain their jobThe charity tells us what it is trying to do.

They name their leaders26 people are listed in the latest report.

You can reach themThey list contact information, so you can ask questions.

Money made simple

61.21%of revenue went to mission work80.4% of expenses · Program services

0.15%of revenue went to fundraising0.2% of expenses

$76.11spent for every $100 of revenueRevenue covered expenses this year.

14.75%of revenue went to management and office costs19.4% of expenses

$6.10in assets for every $1 spent this yearSome assets cannot be spent right away.

0.0%of its money came from giftsOther money may come from services or investments.

Ask these three easy questions

Who did you help? Ask for a recent story or report that shows real results.
What will my money do? Ask exactly what your gift will pay for.
Is this really the charity? Give only through its official website or confirmed phone number.

Pay context: The highest compensation shown in this filing is $443,384 for ARI BELIAK (PRESIDENT & CEO). Compare pay with organizations of similar size and complexity.

Bottom line: Do not decide from a name, mission statement, or tax status alone. Look at where the money went, then ask what changed, who was helped, and what your gift will do. YouCanGiveBack does not endorse or grade organizations.

Money

Financial picture

Tax year 2024

A plain-language look at the latest Form 990 figures available. These numbers help you ask better questions; they do not, by themselves, rate whether a charity is good or bad.

$100revenue

How each $100 of revenue was used

The large number compares each expense with revenue. The smaller number shows its share of total expenses.

Total reported revenue$8,481,176

Mission workProgram services$5,191,56361.21% of revenue80.4% of expenses

ManagementOffice and general costs$1,251,13514.75% of revenue19.4% of expenses

FundraisingAsking for donations$12,5880.15% of revenue0.2% of expenses

Revenue left after expensesReported annual surplus$2,025,89023.89% of revenueShown in gray on the chart

Total expenses$6,455,28676.11% of revenue

Gray means reported revenue left after expenses for this filing year. It does not necessarily mean cash sitting in a bank account.

Has the pattern changed?

Colored bars = expense mix: how each year’s expenses were divided. Total expenses vs. revenue shows whether the charity spent less or more than it received. The current filing is first.

YearExpense mixDetails

2024CurrentExpense mix: 80.4% mission · 19.4% management · 0.2% fundraisingTotal expenses: 76.11% of revenue

2023Expense mix: 81.0% mission · 19.0% management · 0.0% fundraisingTotal expenses: 79.84% of revenue

2022Expense mix: 84.2% mission · 15.8% management · 0.0% fundraisingTotal expenses: 51.49% of revenue

2021Expense mix: 80.0% mission · 20.0% management · 0.0% fundraisingTotal expenses: 40.20% of revenue

2020Expense mix: 82.7% mission · 17.3% management · 0.0% fundraisingTotal expenses: 63.08% of revenue

2019Expense mix: 81.4% mission · 18.6% management · 0.0% fundraisingTotal expenses: 55.05% of revenue

2018Expense mix: 78.6% mission · 21.4% management · 0.0% fundraisingTotal expenses: 65.44% of revenue

2017Expense mix: 76.9% mission · 23.1% management · 0.0% fundraisingTotal expenses: 95.77% of revenue

Money in and money out

Revenue$8,481,176

Expenses$6,455,286

Annual surplus $2,025,890 Revenue was higher than expenses for this filing year.

Reported spending amounts

Mission work means the Form 990 category called program services. These are reported accounting categories—not an independent measurement of results.

Mission work (program services)$5,191,563 · 80.4% of expenses

Management and office costs$1,251,135 · 19.4% of expenses

Fundraising$12,588 · 0.2% of expenses

See all reported dollar amounts

Revenue$8,481,176

Expenses$6,455,286

Assets$39,374,350

Income$8,481,176

Contributions$250

Mission work (program services)$5,191,563

Fundraising$12,588

Grants given$2,688,354

Average grant$28,600

Management and general$1,251,135

Accounting fees$398,458

People

Leadership and board

Tax year 2024

Names, titles, time, and compensation below are reported by the organization on its Form 990.

People reported as paid

Person and titleCompensation

ARI BELIAKPRESIDENT & CEO · 40 hrs/week $443,384Base $390,000 · Other $53,384

DAVID DOLOGITEDIRECTOR OF ACQUISITIONS · 40 hrs/week $307,642Base $274,600 · Other $33,042

NEDRAH BARNESCFO · 40 hrs/week $286,770Base $263,200 · Other $23,570

IZAAC SINGHDIRECTOR OF ASSET MANAGEMENT · 40 hrs/week $279,218Base $232,000 · Other $47,218

PAUL CARNEYCOO/CFO · 40 hrs/week $247,958Base $208,062 · Other $39,896

DAVID EISENMANASSOCIATE DIRECTOR OF ACQUISITIONS · 40 hrs/week $224,296Base $209,250 · Other $15,046

AMANDA HOPKINSSENIOR ASSET MANAGER · 40 hrs/week $205,327Base $157,500 · Other $47,827

CARLA VASQUEZ-NORIEGASENIOR INVESTOR RELATIONS MANAGER · 40 hrs/week $187,670Base $166,200 · Other $21,470

MENGXIN ZHOUSENIOR ACQUISITIONS MANAGER · 40 hrs/week $172,169Base $149,192 · Other $22,977

REBECCA MAUERERASSET MANAGER · 40 hrs/week $147,553Base $138,395 · Other $9,158

Compensation alone does not tell whether pay is reasonable. Consider the charity’s size, work, location, and results.

See everyone listed on the board or leadership roster (26)

ARI BELIAKPRESIDENT & CEO

DAVID DOLOGITEDIRECTOR OF ACQUISITIONS

NEDRAH BARNESCFO

IZAAC SINGHDIRECTOR OF ASSET MANAGEMENT

PAUL CARNEYCOO/CFO

DAVID EISENMANASSOCIATE DIRECTOR OF ACQUISITIONS

AMANDA HOPKINSSENIOR ASSET MANAGER

CARLA VASQUEZ-NORIEGASENIOR INVESTOR RELATIONS MANAGER

MENGXIN ZHOUSENIOR ACQUISITIONS MANAGER

REBECCA MAUERERASSET MANAGER

STEVE HERMANDIRECTOR

STEVE SPEARSDIRECTOR

WELTON JORDANTREASURER

ROBERT WILLIAMSVICE CHAIRPERSON

REGINA CELESTIN WILLIAMSDIRECTOR

ADEY TESFAYEDIRECTOR

RAY MENDOZADIRECTOR

PAMELA DENIELS-HALISIDIRECTOR

KEN TRIGUEIRODIRECTOR

KAREN TIEDEMANNDIRECTOR

GISELA SALGADODIRECTOR

GINA LEONSECRETARY

DORA LEONG GALLODIRECTOR

DARNELL WILLIAMSDIRECTOR

CHIONE FLEGALDIRECTOR

CECILE CHALIFOURCHAIRPERSON

About this charity

Recognized since: January 1996
Location: 1901 HARRISON ST STE 1650, OAKLAND, CA 94612-3664
County: Alameda
In care of: NEDRAH BARNES
Primary officer: NEDRAH BARNES, CHIEF FINANCIAL OFFICER

How to reach them

WebsiteVisit the charity’s website EmailINFO@MERRITTCAP.ORG Phone(510) 444-7870

Filing and classification

Latest tax year: 2024
Tax period began: January 1, 2024
Return type: 990
Tax preparer: DAUBY OCONNOR & ZALESKI LLC
NTEE classification: Housing & Shelter (L99Z)
IRS tax category: Assisted Living Facilities for the Elderly
Grant-giving organization: Yes