Mercy Housing Calwest

“Mercy housing california, a california nonprofit corporation, is the sole member and is exempt from federal income tax as an organization described in section 501(c)(3) of the internal revenue code of 1986.”

“The board of trustees of mercy housing, inc. Has authority over mercy housing calwest 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.”

“SAME AS LINE 7A”

“The return is presented to all board members where comments and questions are addressed before it is filed.”

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

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

“Sister amy bayley, rsm, serves as an officer of mercy housing calwest and performs services for mercy housing, inc. Mercy housing, inc. And the sisters of mercy of the americas west midwest have entered into a contract whereby amy bayley has been assigned to mercy housing, inc. To perform services and provide leadership for mercy housing, inc. And its subsidiaries. Sister bayley is a member of a religious community and does not receive any personal income. Sister bayley is not an employee of mercy housing, inc. Or mercy housing california. Mercy housing, inc makes payments directly to the sisters of mercy of the americas west midwest for monthly stipend payments and benefits relating to the services performed by sister bayley. The sisters of mercy of the americas west midwest are responsible for providing the living expenses of sister bayley. For 2024 mercy housing, inc. Paid $118,445 for the annual stipend fee and benefits equivalent.”

“7789 la mancha way llc beginning investment balance -781,269. 231 grant ave llc beginning investment balance -895,195. Other transfers to net assets 2,109,689. Consolidation of sunnydale block 6 development co llc gp 481,149. Consolidation of mercy housing california 97 llc (600 7th street gp) -25,150. Consolidation of mercy housing california 104 gp -3,737. Consolidation of mercy housing california 109 llc (1939 market gp) -6,223. Consolidation of mercy housing california 108 llc (1633 valencia gp) -5,388.”