MERCY BOND PROPERTIES NEBRASKA I (EIN 680378674) - Form 990 Financial Analysis & Trantor Score

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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

2001

Legal Domicile

Principal Officer

SHELLY MARQUEZ

Phone

3038303300

Tax Period

2023-01-01 to 2023-12-31

MERCY BOND PROPERTIES NEBRASKA I, founded in 2001, is a small nonprofit in the Housing & Shelter sector that reported $325K in total revenue in fiscal year 2023. Revenue fell 78% from the prior year — a significant decline worth monitoring. Expenses of $1.0M exceeded revenue, resulting in a 212% operating deficit.

Mission

THE ORGANIZATION OWNS AND OPERATES A 180-UNIT APARTMENT PROJECT KNOWN AS TIMBER CREEK APARTMENTS, LOCATED IN OMAHA, NEBRASKA THAT PROVIDES HOUSING, EDUCATION AND SUPPORT SERVICES TO LOW-INCOME PERSONS. ON MARCH 9, 2023, THE COMPANY SOLD MERCY TIMBERCREEK LLC TO MHMP 18 TIMBERCREEK APARTMENTS, LP, A NEBRASKA LIMITED PARTNERSHIP, AN AFFILIATE OF THE COMPANY.

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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 $115,636

Program Service Revenue $195,906

Investment Income $32

Other Revenue $13,599

TOTAL REVENUE $325,173

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $993,511

Other Expenses $1,015,027

TOTAL EXPENSES $1,015,027

Year-over-Year Comparison

	2023	2022	Change
Revenue	$325,173	$1,486,448	-0.8%
Expenses	$1,015,027	$2,094,532	-0.5%
Net Income	$-689,854	$-608,084	+0.1%

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

$1,703,406

Total Directors

$839,643

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
KASSIDI BOENING	VICE PRESIDENT/DIRECTOR	1.00	Officer Director	$0	$28,632	$172,676
MELISSA CLAYTON	VICE PRESIDENT/DIRECTOR	1.00	Officer Director	$0	$33,798	$299,519
SHELLY MARQUEZ	PRESIDENT/DIRECTOR	1.00	Officer Director	$0	$25,412	$269,145
BRUCE SAAB	VICE PRESIDENT/DIRECTOR (UNTIL 10/23)	1.00	Officer Director	$0	$13,324	$98,303
CHAD PAYNE	TREASURER	1.00	Officer	$0	$8,496	$200,685
ELLEN ABRAMS	VICE PRESIDENT	1.00	Officer	$0	$22,735	$118,750
JOANNA CROSBY	VICE PRESIDENT	1.00	Officer	$0	$9,802	$124,515
JOE ROSENBLUM	SECRETARY	1.00	Officer	$0	$10,201	$232,549
KUHL BROWN	VICE PRESIDENT	1.00	Officer	$0	$34,402	$187,264

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	$325,173	$1,015,027	$187,310	$-689,854
2022	$1,486,448	$2,094,532	$5,693,795	$-608,084
2021	$2,237,025	$2,042,488	$6,153,326	$194,537
2020	$1,347,157	$1,956,727	$4,878,265	$-609,570
2019	$1,435,203	$1,738,511	$4,708,799	$-303,308
2018	$1,423,313	$1,616,568	$5,028,008	$-193,255

MERCY BOND PROPERTIES NEBRASKA I