Mercy Bond Properties Nebraska I

Analysis

Mercy Bond Properties Nebraska I is a registered charity in United States, based in Denver, CO. It received its IRS tax-exemption ruling in September 1996, 30 years ago. Its declared purposes cover housing and shelter, which this site groups under housing and shelter. The IRS classifies it as a supporting organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Mercy Bond Properties Nebraska I reported income of $325k and spending of $1.0m, spending 312% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $1.4m to $325k (-77%), an average of -31% a year. The sharpest change came in the year to December 2023, when income dropped by 78%. Over the whole period it spent 130% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Mercy Bond Properties Nebraska I sits at the 48th percentile: it is larger than about 48% of them. Against every charity in United States with reported income it ranks in the 63rd percentile, and in the 60th percentile within CO. Charities of a similar size with the same main cause include Independent Housing Resources East Inc ($325k), Walnut Village Inc ($325k) and Hancock Manor Corporation ($325k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 36% and program service revenue 60% of the total. At year end it held assets of $187k against liabilities of $3.7m, net assets of -$3.5m.