MERCY HOUSE CHDO INC

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Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

2005

Legal Domicile

Principal Officer

LARRY HAYNES

Phone

7148367188

Tax Period

2024-07-01 to 2025-06-30

MERCY HOUSE CHDO INC, founded in 2005, is a community nonprofit in the Housing & Shelter sector that reported $1.9M in total revenue in fiscal year 2024. Revenue fell 83% from the prior year — a significant decline worth monitoring. The organization ran a surplus of $593K, a strong 31% operating margin.

Mission

MERCY HOUSE CHDO, INC. WAS ORGANIZED TO ASSIST AND SUPPORT MERCY HOUSE LIVING CENTERS WITH ITS HOUSING PROGRAMS AND TO DEVELOP NEW OPPORTUNITIES FOR LOW-INCOME HOUSING.

Program Service Accomplishments

Program 1

Expenses: $1,244,628 Revenue: $1,296,309

HOUSING - ASSIST AND SUPPORT MERCY HOUSE LIVING CENTERS WITH ITS EXISTING HOUSING PROGRAMS BY DEVELOPING NEW HOUSING PROJECTS SERVING HOMELESS AND LOW-INCOME POPULATIONS. CHDO OWNED AND/OR OPERATED MESA VISTA IN COSTA MESA UNTIL FEBRUARY, 2025. ADDITIONALLY, CHDO HAS PARTNERED WITH A NUMBER OF DEVELOPERS TO ESTABLISH LIMITED PARTNERSHIPS (LP) TO ACQUIRE, REHAB AND/OR CONSTRUCT NEW HOUSING PROJECTS. THIS INCLUDES 1) COMMUNITY DEVELOPMENT PARTNERS ON THE DEVELOPMENTS OF THE COVE IN NEWPORT BEACH SERVING LOW-INCOME SENIORS AND HOMELESS VETERANS; CASA QUERENCIA AND LA PLACITA CINCO IN SANTA ANA WHICH SERVES CHRONICALLY HOMELESS HOUSEHOLDS AND LOW-INCOME HOUSEHOLDS, RESPECTIVELY; ST. MICHAEL'S IN RIVERSIDE THAT SERVES A MIX OF CHRONICALLY HOMELESS AND LOW-INCOME HOUSEHOLDS; LAKE HOUSE IN LOS ANGELES THAT SERVES CHRONICALLY HOMELESS; AND ARCHWAYS IN SANTA ANA THAT SERVES A MIX OF CHRONICALLY HOMELESS AND LOW-INCOME HOUSEHOLDS; CASA ALIENTO IN OXNARD THAT SERVES CHRONICALLY HOMELESS AND CASA DE CARMEN IN OXNARD THAT IS CURRENTLY UNDER CONSTRUCTION AND WILL SERVE CHRONICALLY HOMELESS HOUSEHOLDS 2) NATIONAL CORE ON THE DEVELOPMENTS OF LEGACY SQUARE IN SANTA ANA THAT SERVES A MIX OF CHRONICALLY HOMELESS AND LOW-INCOME HOUSEHOLDS; AND VISTA DE LA SIERRA (FKA GOLDEN PIERCE) LOCATED IN RIVERSIDE THAT SERVES A MIX OF CHRONICALLY HOMELESS AND LOW-INCOME HOUSEHOLDS.

Program 2

LIVING SKILLS - MERCY HOUSE CHDO, THE LP AND/OR THE LP LEAD DEVELOPER CONTRACTS WITH MERCY HOUSE LIVING CENTERS TO PROVIDE CASE MANAGEMENT AND/OR RESIDENTIAL SERVICES WHICH MAY INCLUDE LIFE SKILLS...

LIVING SKILLS - MERCY HOUSE CHDO, THE LP AND/OR THE LP LEAD DEVELOPER CONTRACTS WITH MERCY HOUSE LIVING CENTERS TO PROVIDE CASE MANAGEMENT AND/OR RESIDENTIAL SERVICES WHICH MAY INCLUDE LIFE SKILLS TRAINING, CAREER AND JOB DEVELOPMENT, PARENTING SKILLS CLASSES, FINANCIAL LITERACY AND BENEFITS COUNSELING, LEGAL REFERRALS, MENTORING PROGRAMS TO HOMELESS AND/OR LOW-INCOME INDIVIDUALS AND FAMILIES.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $1,292,451

Investment Income $598,518

Other Revenue $3,858

TOTAL REVENUE $1,894,827

Expense Breakdown

Grants Paid $0

Salaries & Benefits $47,841

Fundraising Expenses $0

Program Expenses $1,244,628

Other Expenses $1,253,672

TOTAL EXPENSES $1,301,513

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,894,827	$11,372,922	-0.8%
Expenses	$1,301,513	$2,503,466	-0.5%
Net Income	$593,314	$8,869,456	-0.9%

Key Indicators

✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✗ Schedule B Required

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Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

Employees

Volunteers

N/A

Governance Policies

✓ Conflict of Interest Policy

✓ Whistleblower Policy

✓ Document Retention Policy

Special Practices & Reported Activities

✗ Operated a School

✗ Operated a Hospital

✗ Provided First Class Travel

✗ Reported Conflict of Interest

✗ Reported Asset Diversion

✗ Excess Benefit Transaction

✗ Made Political Expenditures

✗ Engaged in Lobbying

✗ Operated Donor Advised Fund

✗ Maintained Art Collections

✗ Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers

$52,983

Total Directors

$20,375

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
LINDA WILSON	DIRECTOR & SECRETARY	40.00	Officer Director	$20,375	$0	$20,375
GARY BELZ	DIRECTOR	1.00	Director	$0	$0	$0
REID BRADSHAW	DIRECTOR	1.00	Director	$0	$0	$0
JAMES BROOKS	DIRECTOR	1.00	Director	$0	$0	$0
TIM CLYDE	DIRECTOR	1.00	Director	$0	$0	$0
JACOB MIZE	DIRECTOR	1.00	Director	$0	$0	$0
LARRY HAYNES	CEO & PRESIDENT	40.00	Officer	$32,608	$0	$32,608
MARY ELLEN GROSS	CFO	4.00	Officer	$0	$0	$0
PATTI LONG	VICE PRESIDENT	4.00	Officer	$0	$0	$0

Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year	Revenue	Expenses	Assets	Net Income
2025	$1,894,827	$1,301,513	$28,189,565	$593,314
2024	No data	No data	No data	No data
2023	$2,565,486	$1,653,277	$28,993,206	$912,209
2022	$649,547	$524,018	$19,399,675	$125,529
2021	$14,778,489	$374,089	$19,157,551	$14,404,400
2020	$168,944	$141,060	$2,157,617	$27,884
2019	$219,809	$224,692	$2,085,785	$-4,883
2018	$327,554	$275,671	$1,367,878	$51,883