Mercy Housing Corporation (EIN 382376561) - Form 990 Financial Analysis & Trantor Score

🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Financial Trends

Organization Details

Formation Year

1981

Legal Domicile

Principal Officer

Lindsay Hager

Phone

6168875032

Tax Period

2024-01-01 to 2024-12-31

Mercy Housing Corporation, founded in 1981, is a small nonprofit in the Housing & Shelter sector that reported $653K in total revenue in fiscal year 2024. The organization ran a surplus of $106K, a strong 16% operating margin.

Mission

Providing subsidized housing for the elderly and physically challenged in Newaygo, Michigan under 202 of the national housing act.

🔒

Trantor Score

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

Sign in to view Trantor Score and financial metrics

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

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $377,209

Program Service Revenue $275,849

Investment Income $139

Other Revenue $0

TOTAL REVENUE $653,197

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $542,156

Other Expenses $547,636

TOTAL EXPENSES $547,636

Year-over-Year Comparison

	2024	2023	Change
Revenue	$653,197	$628,009	+0.0%
Expenses	$547,636	$570,437	0.0%
Net Income	$105,561	$57,572	+0.8%

Key Indicators

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

🔒

Financial Health Indicators

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

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

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

Governance

Voting Members

Independent Members

Employees

N/A

Volunteers

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Lindsay Hager	President	1.00	Officer Director	$0	$0	$0
Bryce Cronk	Vice President	1.00	Officer Director	$0	$0	$0
Tim Liberty	Treasurer	1.00	Officer Director	$0	$0	$0
Sandra Jo Williams	Secretary	1.00	Officer Director	$0	$0	$0
Donald Cornell	Trustee	1.00	Director	$0	$0	$0
Robert Johnson	Trustee	1.00	Director	$0	$0	$0
Rachael Porter	Trustee	1.00	Director	$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
2024	$653,197	$547,636	$837,038	$105,561
2023	$628,009	$570,437	$809,100	$57,572
2022	$606,350	$552,652	$826,375	$53,698
2021	$604,022	$557,237	$831,433	$46,785
2020	$577,598	$563,621	$894,404	$13,977
2019	$556,660	$578,074	$948,261	$-21,414
2018	$32,450	No data	$987,672	No data

Mercy Housing Corporation