MERCY BOND PROPERTIES COLORADO I Charity Report

Public IRS 990 nonprofit record

MERCY BOND PROPERTIES COLORADO I

EIN 94-3286321 · Housing Rehabilitation (L25)

What they do

MERCY BOND PROPERTIES COLORADO I WAS ORGANIZED ON APRIL 3, 2001 AS A CALIFORNIA NONSTOCK, NONPROFIT CORPORATION for THE PURPOSE of CONSTRUCTING and OPERATING RENTAL HOUSING PROJECTS UNDER SECTION 202 of THE NATIONAL HOUSING ACT. SUCH PROJECTS ARE REGULATED BY HUD AS to RENT CHARGES and OPERATING METHODS. THIS ORGANIZATION is to PROVIDE HOUSING FACILITIES and EDUCATIONAL and SUPPORTIVE SERVICES for LOW-INCOME and HOMELESS, POTENTIALLY HOMELESS or OTHERWISE DISADVANTAGED PERSONS.

Before you give

Should I give to this charity?

Easy charity check

Look at where the money went

Of every $100 spent, about $97.70 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 leaders20 people are listed in the latest report.

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

Money made simple

97.7%of expenses went to mission work99.50% of revenue

$101.92spent for every $100 of revenueSpending was higher than revenue this year.

2.3%of expenses went to management and office costs2.40% of revenue

$3.36in assets for every $1 spent this yearSome assets cannot be spent right away.

76.9%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.

Worth asking: Expenses exceeded revenue by $13,043 this year. Ask whether that was planned or caused by a one-time event.

Pay context: The highest compensation shown in this filing is $45,695 for ED HOLDER (VICE PRESIDENT). 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.

$100spent

Where each $100 of expenses went

The first percentage is the spending mix. The second compares that amount with the charity’s revenue.

Mission workProgram services97.7% of expenses99.50% of revenue

ManagementOffice and general costs2.3% of expenses2.40% of revenue

FundraisingAsking for donations0.0% of expenses

Total expenses101.90% of revenue

Has the pattern changed?

Each bar shows the share of annual spending reported for mission work, management, and fundraising.

202497.7% mission

202397.4% mission

202297.1% mission

202196.9% mission

202097.2% mission

201997.6% mission

201896.3% mission

201780.9% mission

Money in and money out

Revenue$681,062

Expenses$694,105

Annual shortfall $13,043 Expenses were higher than revenue 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)$677,811 · 97.7% of expenses

Management and office costs$16,294 · 2.3% of expenses

See all reported dollar amounts

Revenue$681,062

Expenses$694,105

Assets$2,335,327

Income$681,062

Contributions$523,454

Mission work (program services)$677,811

Grants given$164,092

Average grant$54,697

Management and general$16,294

Accounting fees$16,294

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

ED HOLDERVICE PRESIDENT $45,695Base · Other $45,695

KUHL BROWNVICE PRESIDENT $35,660Base · Other $35,660

MELISSA CLAYTONDIRECTOR/VICE PRESIDENT $35,478Base · Other $35,478

RICH CIRAULOVICE PRESIDENT $34,343Base · Other $34,343

TIM DUNNVICE PRESIDENT $34,000Base · Other $34,000

KASSIDI BOENINGDIRECTOR/VICE PRESIDENT $31,209Base · Other $31,209

SHELLY MARQUEZDIRECTOR/VICE PRESIDENT $29,805Base · Other $29,805

ERIKA VILLABLANCAVICE PRESIDENT $28,906Base · Other $28,906

ELLEN ABRAMSVICE PRESIDENT $27,036Base · Other $27,036

ELIZABETH KUWADAVICE PRESIDENT $23,339Base · Other $23,339

RAMIE DAREDIRECTOR/VICE PRESIDENT $22,164Base · Other $22,164

DOUG SHOEMAKERDIRECTOR/PRESIDENT $22,009Base · Other $22,009

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 (20)

ED HOLDERVICE PRESIDENT

KUHL BROWNVICE PRESIDENT

MELISSA CLAYTONDIRECTOR/VICE PRESIDENT

RICH CIRAULOVICE PRESIDENT

TIM DUNNVICE PRESIDENT

KASSIDI BOENINGDIRECTOR/VICE PRESIDENT

SHELLY MARQUEZDIRECTOR/VICE PRESIDENT

ERIKA VILLABLANCAVICE PRESIDENT

ELLEN ABRAMSVICE PRESIDENT

ELIZABETH KUWADAVICE PRESIDENT

RAMIE DAREDIRECTOR/VICE PRESIDENT

DOUG SHOEMAKERDIRECTOR/PRESIDENT

LILLIAN LEW-HAILERDIRECTOR/VICE PRESIDENT

ASHLEI HURSTVICE PRESIDENT

RICK SPRAGUEVICE PRESIDENT

ALVIN TUVILLAVICE PRESIDENT

JOANNA CROSBYVICE PRESIDENT

JOE ROSENBLUMSECRETARY

CHAD PAYNETREASURER

AMY BAYLEYASSISTANT SECRETARY

About this charity

Recognized since: January 1999
Location: 1600 BROADWAY SUITE 2000, DENVER, CO 802025704
County: Denver
In care of: CHAD PAYNE
Primary officer: CHAD PAYNE, TREASURER

How to reach them

WebsiteVisit the charity’s website Phone(303) 830-3300

Filing and classification

Latest tax year: 2024
Tax period began: January 1, 2024
Return type: 990
Tax preparer: COHNREZNICK ADVISORY LLC
NTEE classification: Housing Rehabilitation (L25)
IRS tax category: Housing Rehabilitation
Grant-giving organization: Yes