MERCY BOND PROPERTIES COLORADO I

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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

2002

Legal Domicile

Principal Officer

DOUG SHOEMAKER

Phone

3038303300

Tax Period

2024-01-01 to 2024-12-31

MERCY BOND PROPERTIES COLORADO I, founded in 2002, is a small nonprofit in the Housing & Shelter sector that reported $681K in total revenue in fiscal year 2024. Revenue grew 15% year-over-year, indicating healthy expansion.

Mission

MERCY BOND PROPERTIES COLORADO I WAS ORGANIZED ON APRIL 3, 2001 AS A CALIFORNIA NONSTOCK, NONPROFIT CORPORATION FOR THE PURPOSE OF CONSTRUCTING AND OPERATING RENTAL HOUSING PROJECTS UNDER SECTION 202 OF THE NATIONAL HOUSING ACT. SUCH PROJECTS ARE REGULATED BY HUD AS TO RENT CHARGES AND OPERATING METHODS. THIS ORGANIZATION IS TO PROVIDE HOUSING FACILITIES AND EDUCATIONAL AND SUPPORTIVE SERVICES FOR LOW-INCOME AND HOMELESS, POTENTIALLY HOMELESS OR OTHERWISE DISADVANTAGED PERSONS.

Program Service Accomplishments

Program 1

Expenses: $677,811 Revenue: $157,355

HOUSING DEVELOPMENT PROGRAMS AND SERVICES INCLUDE ACQUIRING ACCEPTABLE LOCATIONS FOR EITHER NEW CONSTRUCTION OR REHABILITATION OF EXISTING PROPERTIES FOR MULTI-FAMILY RENTAL PROPERTIES AND SINGLE...

HOUSING DEVELOPMENT PROGRAMS AND SERVICES INCLUDE ACQUIRING ACCEPTABLE LOCATIONS FOR EITHER NEW CONSTRUCTION OR REHABILITATION OF EXISTING PROPERTIES FOR MULTI-FAMILY RENTAL PROPERTIES AND SINGLE FAMILY HOUSING UNITS. THESE WOULD HELP TO PROVIDE AFFORDABLE HOUSING TO LOW-INCOME RESIDENTS, OBTAIN FINANCING FOR THE DEVELOPMENT OF LOW-INCOME PROPERTIES AND HOUSING UNITS, AND MANAGE THE CONSTRUCTION AND/OR REHABILITATION OF LOW-INCOME PROPERTIES AND HOUSING UNITS THROUGH OBTAINING THE CERTIFICATION OF OCCUPANCY PROJECT COMPLETION. THE PROJECT CONSISTS OF 54 UNITS LOCATED IN DENVER, COLORADO.

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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 $523,454

Program Service Revenue $155,337

Investment Income $253

Other Revenue $2,018

TOTAL REVENUE $681,062

Expense Breakdown

Grants Paid $47,459

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $677,811

Other Expenses $646,646

TOTAL EXPENSES $694,105

Year-over-Year Comparison

	2024	2023	Change
Revenue	$681,062	$590,092	+0.2%
Expenses	$694,105	$618,231	+0.1%
Net Income	$-13,043	$-28,139	-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

$4,303,907

Total Directors

$1,622,162

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DOUG SHOEMAKER	DIRECTOR/PRESIDENT	0.10	Officer Director	$0	$22,009	$317,896
KASSIDI BOENING	DIRECTOR/VICE PRESIDENT	0.10	Officer Director	$0	$31,209	$195,151
LILLIAN LEW-HAILER	DIRECTOR/VICE PRESIDENT	0.10	Officer Director	$0	$20,643	$257,735
MELISSA CLAYTON	DIRECTOR/VICE PRESIDENT	0.10	Officer Director	$0	$35,478	$308,489
RAMIE DARE	DIRECTOR/VICE PRESIDENT	0.10	Officer Director	$0	$22,164	$258,451
SHELLY MARQUEZ	DIRECTOR/VICE PRESIDENT	0.10	Officer Director	$0	$29,805	$284,440
ALVIN TUVILLA	VICE PRESIDENT	0.10	Officer	$0	$11,996	$186,256
AMY BAYLEY	ASSISTANT SECRETARY	0.10	Officer	$0	$0	$0
ASHLEI HURST	VICE PRESIDENT	0.10	Officer	$0	$18,292	$189,020
CHAD PAYNE	TREASURER	0.10	Officer	$0	$9,965	$211,480
ED HOLDER	VICE PRESIDENT	0.10	Officer	$0	$45,695	$310,484
ELIZABETH KUWADA	VICE PRESIDENT	0.10	Officer	$0	$23,339	$227,467
ELLEN ABRAMS	VICE PRESIDENT	0.10	Officer	$0	$27,036	$136,686
ERIKA VILLABLANCA	VICE PRESIDENT	0.10	Officer	$0	$28,906	$212,565
JOANNA CROSBY	VICE PRESIDENT	0.10	Officer	$0	$11,882	$149,072
JOE ROSENBLUM	SECRETARY	0.10	Officer	$0	$10,382	$242,964
KUHL BROWN	VICE PRESIDENT	0.10	Officer	$0	$35,660	$201,649
RICH CIRAULO	VICE PRESIDENT	0.10	Officer	$0	$34,343	$215,191
RICK SPRAGUE	VICE PRESIDENT	0.10	Officer	$0	$15,510	$190,380
TIM DUNN	VICE PRESIDENT	0.10	Officer	$0	$34,000	$208,531

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	$681,062	$694,105	$2,335,327	$-13,043
2023	$590,092	$618,231	$2,382,629	$-28,139
2022	$603,265	$567,910	$2,451,739	$35,355
2021	$591,327	$512,611	$2,483,916	$78,716
2020	$567,002	$562,091	$2,506,297	$4,911
2019	$583,861	$650,144	$2,601,544	$-66,283
2018	$568,512	$612,608	$2,696,797	$-44,096