Public Charity

MERCY HOUSING LAKEFRONT

MERCY HOUSING LAKEFRONT is a nonprofit organization categorized as Public Charity based in DENVER, CO. Its most recent IRS filing (2024) reports revenue of $28.0M, expenses of $17.4M, total assets of $70.1M. Imperigo tracks 109 reported grant relationships connected to this organization totaling approximately $22.8M.

EIN: 363453183 DENVER, CO Housing Development, Construction & Management NTEE: L20 Latest filing: 2024
Total Revenue$28.0M
Total Expenses$17.4M
Total Assets$70.1M
Grant Records109
Funding Total$22.8M
Filing Years2020–2024

Mission

THE MISSION OF MERCY HOUSING LAKEFRONT IS TO DIRECTLY FACILITATE THE PROVISION OF AFFORDABLE HOUSING TO FAMILIES, SENIORS, PEOPLE WITH SPECIAL NEEDS, HOMELESS AND POTENTIALLY HOMELESS INDIVIDUALS WHO WOULD OTHERWISE LACK THE FINANCIAL RESOURCES TO OBTAIN QUALITY, SAFE HOUSING. FURTHER, MERCY HOUSING LAKEFRONT PROVIDES A VARIETY OF FREE PROGRAMS AND SERVICES TO RESIDENTS OF THEIR AFFORDABLE HOUSING PROJECTS WHICH ARE DESIGNED TO IMPROVE THEIR LIVES AND THE COMMUNITIES IN WHICH THEY LIVE.

Where $100 goes at Mercy Housing Lakefront

How Mercy Housing Lakefront divides every $100 it spends, from its own Form 990 filings, averaged across 8 years.

$94 Programs the work itself
<$1 Management running the organization
$6 Fundraising raising the next dollar

Inside the $94 for programs

$57
Resident services and programs are provided free of charge to residents of low-income multi-family rental properties including families, seniors, and people with special needs
60% of program spending
$31
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 to…
33% of program spending
$6
Asset management services are provided to low-income multi-family rental properties and include preparing and managing annual operating budgets, preparing reports for investors and lenders, overseeing the property management…
7% of program spending
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Source: Form 990 filings with the IRS, latest fiscal year 2024. Shares are from the organization's reported expenses. Data by Imperigo; not affiliated with the IRS.

Officers & Directors

DIRECTOR Alex Dadakis
TREASURER Chad Payne
DIRECTOR Chester Bell Jr
DIRECTOR Desire' Hunter
VICE PRESIDENT Edgar Flagg Iii
BOARD SECRETARY Esther Macchione

Officer compensation and complete director data available with membership.

Top Grant Purposes

Housing & Homelessness
$19,230,652 32 grants
General Support
$2,652,465 50 grants
Human & Social Services
$231,700 9 grants
International Aid & Development
$156,000 1 grant
Mental Health & Substance Abuse
$134,643 3 grants

Financial Trends

Year Revenue Expenses Assets
2024 $28.0M $17.4M $70.1M
2023 $12.9M $23.5M $70.4M
2022 $19.7M $20.5M $47.3M
2021 $37.5M $25.6M $45.1M
2020 $27.1M $20.2M $37.9M

Between 2020 and 2024, reported annual revenue grew from $27.1M to $28.0M (+4%), with total assets most recently reported at $70.1M.

Interactive year-over-year charts and full filing details available with membership.

See the full picture for MERCY HOUSING LAKEFRONT

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