Civic Intelligence

Mercy Housing Franciscan Campus Inc

EIN 81-3397958 • 501(c)3 • Denver, CO

Profile

To acquire and construct an apartment complex designated for low-income and homeless persons or otherwise disadvantaged persons.

1600 Broadway Suite 2000Denver, CO 80202-5704

www.mercyhousing.org

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

97th percentile

1.55x

Higher debt load relative to assets than 97% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Source year 2024

Liabilities / Revenue

100th percentile

56.83x

Higher debt load relative to revenue than 100% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Source year 2024

Net Margin

1st percentile

-264%

Higher net margin than 1% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Source year 2024

Top Officer Pay

95th percentile

$308,489

Higher top officer pay than 95% of similar nonprofits.

Top officer pay equals 255.9% of source-year revenue.

501(c)3 • $1M-$5M nonprofits • Source year 2024

Asset Growth

32nd percentile

-2.0%

Faster asset growth than 32% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Annualized from 2023 to 2024

Revenue Growth

28th percentile

-5.6%

Faster revenue growth than 28% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Annualized from 2023 to 2024

Assets

Down

$4,408,467

Down $91,189 (-2.0%) from 2023

Liabilities

Up

$6,849,726

Up $226,422 (+3.4%) from 2023

Net Assets

Down

-$2,441,259

Down $317,611 (-15%) from 2023

Revenue

Down

$120,529

Down $7,139 (-5.6%) from 2023

Expenses

Up

$438,140

Up $19,239 (+4.6%) from 2023

Net Income

Down

-$317,611

Down $26,378 (-9.1%) from 2023

Trend Graphs

Balance Sheet Trend

Grouped bars show assets, liabilities, and net assets across loaded filings.

$10M$5.0M$0-$5.0MAssets 2018: $4,907,359Liabilities 2018: $5,626,667Net Assets 2018: -$719,3082018Assets 2019: $4,776,934Liabilities 2019: $5,776,769Net Assets 2019: -$999,8352019Assets 2020: $4,703,531Liabilities 2020: $5,998,370Net Assets 2020: -$1,294,8392020Assets 2021: $4,641,842Liabilities 2021: $6,220,118Net Assets 2021: -$1,578,2762021Assets 2022: $4,610,291Liabilities 2022: $6,442,706Net Assets 2022: -$1,832,4152022Assets 2023: $4,499,656Liabilities 2023: $6,623,304Net Assets 2023: -$2,123,6482023Assets 2024: $4,408,467Liabilities 2024: $6,849,726Net Assets 2024: -$2,441,2592024

Highlighted filing

2024

Assets$4,408,467
Liabilities$6,849,726
Net Assets-$2,441,259

Operations Trend

Revenue, expenses, and net income by year, with the latest filing highlighted.

$600K$400K$200K$0-$200K-$400KRevenue 2018: $102,270Expenses 2018: $401,742Net Income 2018: -$299,4722018Revenue 2019: $124,399Expenses 2019: $404,925Net Income 2019: -$280,5262019Revenue 2020: $81,866Expenses 2020: $376,868Net Income 2020: -$295,0022020Revenue 2021: $97,189Expenses 2021: $380,626Net Income 2021: -$283,4372021Revenue 2022: $137,911Expenses 2022: $392,050Net Income 2022: -$254,1392022Revenue 2023: $127,668Expenses 2023: $418,901Net Income 2023: -$291,2332023Revenue 2024: $120,529Expenses 2024: $438,140Net Income 2024: -$317,6112024

Highlighted filing

2024

Revenue$120,529
Expenses$438,140
Net Income-$317,611

Filings

Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2024 to Dec 31, 2024
Signed
Nov 14, 2025
Return Version
2024v5.2
Gross Receipts
$120,529
Mission and Program Overview

Mission

To acquire and construct an apartment complex designated for low-income and homeless persons or otherwise disadvantaged persons.

To acquire and construct an apartment complex designated for low-income and homeless persons or otherwise disadvantaged persons

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$4,151,902$4,040,541▼ $111,361
Cash and Non-Interest-Bearing Accounts$179,913$223,175▲ $43,262
Prepaid Expenses and Deferred Charges$16,788$16,911▲ $123
Accounts Receivable$10,175--
Total Assets$4,499,656$4,408,467▼ $91,189
Other Assets Total$140,878$127,840▼ $13,038
Liabilities
Other Liabilities$6,618,084$6,839,084▲ $221,000
Accounts Payable and Accrued Expenses$5,220$10,642▲ $5,422
Total Liabilities$6,623,304$6,849,726▲ $226,422
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$-2,123,648$-2,441,259▼ $317,611
Total Net Assets Fund Balance$-2,123,648$-2,441,259▼ $317,611
Total Liabilities and Net Assets / Fund Balance$4,499,656$4,408,467▼ $91,189

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$2,520,044$1,136,804$3,656,848
Land$1,520,497-$1,520,497
Compensation and Service Providers

Employees

NameTitleOtherTotal
Joanna CrosbyVice President$149,072$149,072
Ellen AbramsVice President$136,686$136,686

Board Members and Trustees

NameTitle
Shelly MarquezPresident
Kuhl BrownVice President
Kassidi BoeningVice President/director
Melissa ClaytonDirector
Joe RosenblumSecretary/director
Chad PayneTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$119,531
Investment Income
$364
Other Revenue
$634
Change in Net Assets
$-317,611
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$438,140
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Interest$200,000--$200,000
Depreciation Depletion$143,894--$143,894
Occupancy$67,963--$67,963
Fees for Services Management$21,000--$21,000
Fees for Services Accounting-$5,000-$5,000
Other Expenses$222--$222
Office Expenses$55--$55
Advertising$6--$6
Total Functional Expenses$433,140$5,000$0$438,140
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Due to Affiliates$6,839,084
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
Yes
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
No
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
Yes
Key decisions subject to board approval
Yes
Management duties delegated
Yes

Governance Explanations

Form 990, Part VI, Section A, Line 3

Mercy housing franciscan campus inc. Paid $21,000 in asset management fees to mercy housing wheaton, nfp during 2024.

Form 990, Part VI, Section A, Line 6

Mercy housing franciscan campus, inc. Is a nonprofit corporation with mercy housing wheaton, nfp as the sole member.

Form 990, Part VI, Section A, Line 7A

The board of trustees of mercy housing, inc. Has authority over mercy housing franciscan campus, inc. In various aspects of operations and management. The reserved rights held by the mercy housing board of trustees, which may be further delegated to the president and ceo of mercy housing, inc. Include approval of the following activities: revisions to articles and bylaws; mergers and acquisitions; establishment of new entities; pledging, mortgaging or disposing of all or substantially all assets; obligations of new operating and mortgage debt; and appointment or removal of governing board members and officers.

Form 990, Part VI, Section A, Line 7B

SAME AS LINE 7A

Form 990, Part VI, Section B, Line 11B

Each member is given the opportunity to review the return before it is filed.

Form 990, Part VI, Section B, Line 12C

The audit committee of mercy housing, inc. Reviews periodically the conflict of interest disclosures and determines whether any action is required.

Form 990, Part VI, Section C, Line 19

The organization makes its governing documents, conflict of interest policy, and financial statements available to the public upon request.

Filing and Contact Details

Filer

Filer Name
Mercy Housing Franciscan Campus Inc
EIN
81-3397958
Phone
3038303300
Address
1600 BROADWAY SUITE 2000, DENVER, CO 80202-5704

Signing Officer

Name
Chad Payne
Title
Treasurer
Phone
3038303300
Signed
2025-11-14
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Shelly Marquez
Formed
2016
Legal Domicile
Co
Voting Board Members
3
Independent Board Members
0
Employees
0
Volunteers
0

Preparer

Firm
Cohnreznick Advisory LLC
Address
621 CAPITOL MALL SUITE 2150, SACRAMENTO, CA 95814
Preparer
Jolanta Tuck
Phone
9164429100
Supplemental Narrative

Financial Statement Notes

PART X, LINE 2:

Mhi, the national nonprofit, and its consolidated nonprofit corporations are exempt from federal and state income taxes under section 501(c)(3) of the internal revenue code and comparable state statutes. All nonprofit corporations are required to file tax returns with the internal revenue service and other taxing authorities. Accordingly, these consolidated financial statements do not reflect a provision for income taxes and there are no other tax positions which must be considered for disclosure. For the years ended december 31, 2024 and 2023, the company did not identify any uncertain tax positions that qualify for either recognition or disclosure in the consolidated financial statements.

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IRS990ScheduleA/SupportedOrgInformationGrp/SupportAmt00
IRS990ScheduleA/SupportedOrgInformationGrp/SupportedOrganizationName/BusinessNameLine1Txt0MERCY HOUSING INC
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IRS990ScheduleA/SupportingOrgType1Ind0X
IRS990ScheduleA/SupportSumAmt00
IRS990/ScheduleBRequiredInd00
IRS990ScheduleD/BuildingsGrp/BookValueAmt02520044
IRS990ScheduleD/BuildingsGrp/DepreciationAmt01136804
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IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/LandGrp/BookValueAmt01520497
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt01520497
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IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0DUE TO AFFILIATES
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0MHI, THE NATIONAL NONPROFIT, AND ITS CONSOLIDATED NONPROFIT CORPORATIONS ARE EXEMPT FROM FEDERAL AND STATE INCOME TAXES UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE AND COMPARABLE STATE STATUTES. ALL NONPROFIT CORPORATIONS ARE REQUIRED TO FILE TAX RETURNS WITH THE INTERNAL REVENUE SERVICE AND OTHER TAXING AUTHORITIES. ACCORDINGLY, THESE CONSOLIDATED FINANCIAL STATEMENTS DO NOT REFLECT A PROVISION FOR INCOME TAXES AND THERE ARE NO OTHER TAX POSITIONS WHICH MUST BE CONSIDERED FOR DISCLOSURE. FOR THE YEARS ENDED DECEMBER 31, 2024 AND 2023, THE COMPANY DID NOT IDENTIFY ANY UNCERTAIN TAX POSITIONS THAT QUALIFY FOR EITHER RECOGNITION OR DISCLOSURE IN THE CONSOLIDATED FINANCIAL STATEMENTS.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART X, LINE 2:
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IRS990ScheduleJ/CompBsdNetEarnsFlngOrgInd00
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IRS990ScheduleJ/EquityBasedCompArrngmInd00
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IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusRelatedOrganizationsAmt25000
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IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm0MELISSA CLAYTON
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm1SHELLY MARQUEZ
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm2JOE ROSENBLUM
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm3CHAD PAYNE
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm4KUHL BROWN
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm5KASSIDI BOENING
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt0DIRECTOR
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt1PRESIDENT
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt2SECRETARY/DIRECTOR
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt3TREASURER
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt4VICE PRESIDENT
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt5VICE PRESIDENT/DIRECTOR
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IRS990ScheduleJ/SeverancePaymentInd00
IRS990ScheduleJ/SupplementalInformationDetail/ExplanationTxt0ANNUALLY THE EXECUTIVE COMMITTEE WITHIN THE MERCY HOUSING, INC. BOARD OF TRUSTEES WILL REVIEW EXECUTIVE SALARIES TO ENSURE COMPETITIVENESS WITH EXTERNAL MARKETS AND FOR INTERNAL EQUITY IN RELATION TO GENERAL EMPLOYEE WAGES AND BENEFITS, INDIVIDUAL AND ORGANIZATIONAL PERFORMANCE, AND THE FINANCIAL RESOURCES OF THE ORGANIZATION.
IRS990ScheduleJ/SupplementalInformationDetail/FormAndLineReferenceDesc0PART I, LINE 3
IRS990ScheduleJ/SupplementalNonqualRtrPlanInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0MERCY HOUSING FRANCISCAN CAMPUS INC. PAID $21,000 IN ASSET MANAGEMENT FEES TO MERCY HOUSING WHEATON, NFP DURING 2024.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1MERCY HOUSING FRANCISCAN CAMPUS, INC. IS A NONPROFIT CORPORATION WITH MERCY HOUSING WHEATON, NFP AS THE SOLE MEMBER.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE BOARD OF TRUSTEES OF MERCY HOUSING, INC. HAS AUTHORITY OVER MERCY HOUSING FRANCISCAN CAMPUS, INC. IN VARIOUS ASPECTS OF OPERATIONS AND MANAGEMENT. THE RESERVED RIGHTS HELD BY THE MERCY HOUSING BOARD OF TRUSTEES, WHICH MAY BE FURTHER DELEGATED TO THE PRESIDENT AND CEO OF MERCY HOUSING, INC. INCLUDE APPROVAL OF THE FOLLOWING ACTIVITIES: REVISIONS TO ARTICLES AND BYLAWS; MERGERS AND ACQUISITIONS; ESTABLISHMENT OF NEW ENTITIES; PLEDGING, MORTGAGING OR DISPOSING OF ALL OR SUBSTANTIALLY ALL ASSETS; OBLIGATIONS OF NEW OPERATING AND MORTGAGE DEBT; AND APPOINTMENT OR REMOVAL OF GOVERNING BOARD MEMBERS AND OFFICERS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3SAME AS LINE 7A
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4EACH MEMBER IS GIVEN THE OPPORTUNITY TO REVIEW THE RETURN BEFORE IT IS FILED.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5THE AUDIT COMMITTEE OF MERCY HOUSING, INC. REVIEWS PERIODICALLY THE CONFLICT OF INTEREST DISCLOSURES AND DETERMINES WHETHER ANY ACTION IS REQUIRED.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST.

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