Mercy Services for Aging Nonprofit Housing Corporation

Analysis

Mercy Services for Aging Nonprofit Housing Corporation is a registered charity in United States, based in Livonia, MI. It received its IRS tax-exemption ruling in March 1946, 80 years ago. Its declared purposes cover housing and shelter, which this site groups under housing and shelter. The IRS classifies it as a church under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Mercy Services for Aging Nonprofit Housing Corporation reported income of $15.6m and spending of $15.9m, spending 101% of its income. Across the 5 years on record, from June 2019 to June 2023, income fell from $18.2m to $15.6m (-14%), an average of -3.7% a year. The sharpest change came in the year to June 2021, when income dropped by 22%. Over the whole period it spent 94% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Mercy Services for Aging Nonprofit Housing Corporation sits at the 97th percentile: it is larger than about 97% of them. Against every charity in United States with reported income it ranks in the 96th percentile, and in the 96th percentile within MI. Charities of a similar size with the same main cause include Urban Housing Solutions Inc ($15.6m), 1260 Housing Development Corporation ($15.7m) and Housing Forward ($15.6m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 1.7% and program service revenue 97% of the total. Other salaries and wages came to $7.4m. At year end it held assets of $44.0m against liabilities of $6.1m, net assets of $37.9m.