MERCY GARDENS

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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

1998

Legal Domicile

Principal Officer

DOUG SHOEMAKER

Phone

3038303300

Tax Period

2023-01-01 to 2023-12-31

MERCY GARDENS, founded in 1998, is a small nonprofit in the Housing & Shelter sector that reported $296K in total revenue in fiscal year 2023. Revenue decreased 5% compared to the prior year. Expenses of $546K exceeded revenue, resulting in a 85% operating deficit.

Mission

OWN AND OPERATE A 23-UNIT APARTMENT PROJECT KNOWN AS MERCY GARDENS, INC. LOCATED IN SAN DIEGO, CALIFORNIA, PROVIDING HOUSING AND SERVICES FOR PERSONS WITH AIDS

Program Service Accomplishments

Program 1

Expenses: $534,572 Revenue: $104,769

MERCY GARDENS WAS ORGANIZED ON MAY 29, 1998 AS A CALIFORNIA NONSTOCK, NONPROFIT CORPORATION FOR THE PURPOSE OF CONSTRUCTING AND OPERATING A LOW INCOME RENTAL HOUSING PROJECT UNDER SECTION 811 OF THE NATIONAL AFFORDABLE HOUSING ACT. SUCH PROJECTS ARE REGULATED BY HUD AS TO RENT CHARGES AND OPERATING METHODS. THE PROJECT CONSISTS OF 23 UNITS LOCATED IN SAN DIEGO, CALIFORNIA AND IS CURRENTLY OPERATING UNDER THE NAME OF MERCY GARDENS. THE PROJECT SERVES TO PROVIDE HOUSING FOR LOW-INCOME PERSONS.

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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 (2023)

Revenue Breakdown

Contributions & Grants $190,493

Program Service Revenue $98,759

Investment Income $607

Other Revenue $6,010

TOTAL REVENUE $295,869

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $534,572

Other Expenses $546,186

TOTAL EXPENSES $546,186

Year-over-Year Comparison

	2023	2022	Change
Revenue	$295,869	$312,410	-0.1%
Expenses	$546,186	$480,217	+0.1%
Net Income	$-250,317	$-167,807	+0.5%

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

N/A

Employees

N/A

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

$2,926,037

Total Directors

$720,434

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JOSEPH ROSENBLUM	SECRETARY/DIRECTOR	1.00	Officer Director	$0	$10,201	$232,549
LILLIAN LEW-HAILER	VICE PRESIDENT/DIRECTOR	1.00	Officer Director	$0	$17,820	$237,530
RAMIE DARE	VICE PRESIDENT/DIRECTOR	1.00	Officer Director	$0	$20,964	$250,355
ALVIN TUVILLA	VICE PRESIDENT	1.00	Officer	$0	$11,670	$180,748
AMY BAYLEY	ASSISTANT SECRETARY	1.00	Officer	$0	$0	$0
CHAD PAYNE	TREASURER	1.00	Officer	$0	$8,496	$200,685
DOUG SHOEMAKER	PRESIDENT	1.00	Officer	$0	$25,195	$321,446
ED HOLDER	VICE PRESIDENT	1.00	Officer	$0	$38,385	$293,494
ELIZABETH KUWADA	VICE PRESIDENT	1.00	Officer	$0	$22,734	$220,151
ERIKA VILLABLANCA	VICE PRESIDENT	1.00	Officer	$0	$28,669	$205,960
MELISSA CLAYTON	VICE PRESIDENT	1.00	Officer	$0	$33,798	$299,519
RICK SPRAGUE	VICE PRESIDENT	1.00	Officer	$0	$14,598	$183,401
TIMOTHY DUNN	VICE PRESIDENT	1.00	Officer	$0	$33,259	$201,896
BRUCE SAAB	VICE PRESIDENT (UNTIL 10/23)	1.00	Officer	$0	$13,324	$98,303

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
2024	No data	No data	No data	No data
2023	$295,869	$546,186	$1,222,465	$-250,317
2022	$312,410	$480,217	$1,366,560	$-167,807
2021	$283,689	$412,357	$1,481,813	$-128,668
2020	$280,767	$442,627	$1,571,973	$-161,860
2019	$262,640	$430,937	$1,711,330	$-168,297
2018	$250,300	$485,083	$1,861,621	$-234,783