Mercy Housing Inc
Mercy Housing Inc. is a Denver, Colorado-based public charity that supports affordable, program-enriched housing and resident services for low- and moderate-income people. Its work includes housing development, financing, operation, asset management, construction management, and related consulting and financial services.
Mercy Housing Inc at a glance
In short: Mercy Housing Inc gave $5.7M across 15 grants in 2024 (avg $383K), mostly in Colorado. 40% of 2024 grantees were new. Source: 2024 IRS Form 990.
- Annual giving (2024)
- $5,746,488
- +56.2% vs 2023
- Grants made (2024)
- 15
- +50.0% vs 2023
- Average grant
- $383,099
- +4.1% vs 2023
- Median grant
- $112,500
- Total assets
- $502,726,015
- +11.4% vs 2023
- New grantees (estimate)
- 40% first-time grantees (6 of 15, 2024; small sample)
- Primary geography
- Colorado (100% of itemized 2024 grant dollars)
- Latest 990 filing
- Form 990, 2024 View filing
Data from IRS Form 990, 2024; updated October 2026. New grantees are estimated by matching recipient names across years (methodology).
How to apply to Mercy Housing Inc
- Contact
Mailing address: 1600 Broadway Suite 2000, Denver, CO 80202
Phone: (303) 830-3300
Website: https://mercyhousing.org
Application details from Grantable's research on the foundation's public materials; confirm on its website before applying.
Who Mercy Housing Inc funds
How this funder distributes its grants
Top Recipients
Top 10 recipients in 2024
The largest 2024 recipient was Mercy Housing Northwest ($3.1M). Together the top 10 received $5.6M.
Grant Size Distribution
82 grants across all recorded years
The most common grant size was under $50K: 24 grants of 82 (29%).
Geographic Focus
Where this funder awards grants
The 2024 filing data reports grant dollars as 100% in Colorado and less than 1% in Washington, DC. The listed 2024 grant recipients are generally shown at Denver, Colorado addresses; however, the recipient information also identifies AARP Foundation in Washington, DC as receiving $25,703.
Grant Distribution by State
Share of 2024 grant dollars across all 15 itemized grants.
Cities
Is Mercy Housing Inc open to new grantees?
40%
first-time grantees, 2024
In 2024, 6 of 15 grantees (40%) were first-time recipients. With only 15 grantees, that is a small sample: one grantee more or less moves the share by about 7 points. First grants averaged $159K; repeat grants $533K. How we count
Medians: $89K first-time, $123K repeat.
Estimate from itemized grant lists in IRS Form 990 filings (2020–2024). Recipient names are matched across years, so a renamed or misspelled grantee can look new; grants to individuals are left out. Methodology.
Giving History
Giving Over Time
Total grant dollars and number of grants per year
From 2020 to 2024, annual grant giving ranged from $2.1M (2020) to $5.7M (2024). In 2024 it made 15 grants totaling $5.7M.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Mercy Housing Northwest Denver, CO | Low-Income Housing | $3,081,250 |
| Mercy Housing Mountain Plains Denver, CO | Low-Income Housing | $925,385 |
| Mercy Housing Colorado VI Ltd Denver, CO | Low-Income Housing | $366,631 |
| Decatur Place Denver, CO | Low-Income Housing | $332,220 |
| Mercy Housing California Denver, CO | Low-Income Housing | $277,704 |
| Mercy Housing Lakefront Denver, CO | Low-Income Housing | $188,825 |
| 111TH and Wentworth Apartments Corp Denver, CO | Low-Income Housing | $123,495 |
| Mercy Community Capital Denver, CO | Low-Income Housing | $112,500 |
| Mercy Housing Southeast Denver, CO | Low-Income Housing | $103,636 |
| 5042 Winthrop Apartments LP Denver, CO | Low-Income Housing | $67,695 |
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Financial History
Multi-year comparison from IRS filings
| Filing year | Total Assets | Revenue | Expenses | Grants paid | Grants | Net Investment Income |
|---|---|---|---|---|---|---|
| 2024 | $502,726,015 | $46,466,606 | $47,861,327 | $5,746,488 | 15 | $296,525 |
| 2023 | $451,397,015 | $100,477,161 | $57,455,577 | $3,678,829 | 10 | $-7,841,718 |
| 2022 | $156,167,253 | $38,598,550 | $31,181,662 | $3,916,250 | 29 | $1,378,387 |
| 2021 | $121,949,049 | $44,644,651 | $36,793,314 | $3,403,385 | 20 | $1,007,383 |
| 2020 | $104,417,474 | $29,989,305 | $34,933,008 | $2,072,059 | 8 | $1,152,544 |
Research compiled by Grantable AI from public sources. Last updated October 2026.
Mission & Focus Areas
Mercy Housing Inc.’s stated mission is to manage or direct entities that create stable, vibrant, and healthy communities by developing, financing, and operating affordable, program-enriched housing for families, seniors, and people with special needs who lack the economic resources to access quality, safe housing.
Its filing describes program support for affordable housing and resident services for low- and moderate-income people. The filing also says that most grant expense represents contributions to affiliated organizations, often passed through for donor-restricted capital projects or operating and program activities.
Among the recipients, Mercy Housing Northwest describes its mission as facilitating affordable housing for families, seniors, people with special needs, and homeless or potentially homeless individuals, and providing free resident programs and services. Decatur Place describes its mission as providing affordable housing for low-income single-parent families. Mercy Community Capital describes its mission as providing below-market loans for affordable housing developments when conventional financing is not possible or affordable.
Grantmaking
In 2024, Mercy Housing Inc. reported 15 grants totaling $5,746,488. Grant amounts ranged from $12,375 to $3,081,250, with a median of $112,500. The largest grants included $3,081,250 to Mercy Housing Northwest, $925,385 to Mercy Housing Mountain Plains, $366,631 to Mercy Housing Colorado VI Ltd, and $332,220 to Decatur Place. Other reported grants included $277,704 to Mercy Housing California, $188,825 to Mercy Housing Lakefront, $112,500 to Mercy Community Capital, and $103,636 to Mercy Housing Southeast. The filing states that grants were primarily contributions to affiliated organizations.
The organization’s website describes Mercy Community Capital, an affiliate, as providing loans to affordable housing developers. Its loan offerings include acquisition, construction, rehabilitation, bridge, and secured predevelopment loans. The website says its borrowers may include nonprofit housing and community development corporations, certain limited partnerships and cooperatives, mission-driven for-profit developers, and public agencies. These are described as loans by the affiliate, not grants by Mercy Housing Inc.
Leadership & Key People
Leadership team and compensation from IRS filings
The 2024 filing lists the following directors: Barbara Busch, Barbara Kelley, Charlie Francis, David Jackson, Joanne Bertges, John Powell, Katherine Aguilar Perez, Patricia Cochran Bergman, Patricia Eck, and Paul Gustav Neumann.
Mercy Housing Inc is led by Ismael Guerrero, President since 2022 (on filings since 2020); 24 of 40 officers listed in 2024 are compensated.
Officers on the 2024 filing
Ismael Guerrero
President
Chief Executive Officer → President, 2022
On filings since 2020
40 hrs/week
$226K (2020) → $496K (2024)
Stefanie Joy
Senior Vice President & President Mercy Committee Cap
Senior Vice President → Senior Vice President & President Mercy Committee Cap, 2024
On filings since 2023
40 hrs/week
$201K (2023) → $207K (2024)
Sam Ross
Chair
Director → Chair, 2024
On filings since 2021
1 hr/week
No compensation reported
Ramie Dare
Director & Real Estate Dev-Reg
Director → Director & Real Estate Dev-Reg, 2024
On filings since 2022
40 hrs/week
$198K (2022) → $236K (2024)
Elizabeth Kuwada
Director & Real Estate Dev-Reg
Director → Director & Real Estate Dev-Reg, 2024
On filings since 2023
40 hrs/week
$197K (2023) → $204K (2024)
Charlie Francis
Director
On filings since 2020
1 hr/week
No compensation reported
Barbara Busch
Director
On filings since 2021
1 hr/week
No compensation reported
Barbara Kelley
Director
Vice Chair → Director, 2024
On filings since 2021
1 hr/week
No compensation reported
David Jackson
Director
On filings since 2021
1 hr/week
No compensation reported
Joanne Bertges
Director
On filings since 2021
1 hr/week
No compensation reported
Katherine Aguilar Perez
Director
On filings since 2021
1 hr/week
No compensation reported
Patricia Eck
Director
On filings since 2021
1 hr/week
No compensation reported
Paul Gustav Neumann
Director
On filings since 2021
1 hr/week
No compensation reported
Tom Byers
Director
On filings since 2021
1 hr/week
No compensation reported
Yvonne Camacho
Director
On filings since 2021
1 hr/week
No compensation reported
Patricia Cochran Bergman
Director
Chair → Director, 2023
On filings since 2022
1 hr/week
No compensation reported
Sister Jane Gerety
Director
On filings since 2022
1 hr/week
No compensation reported
John Powell
Director
On filings since 2023
1 hr/week
No compensation reported
Sister Diane Hejna
Director
New on the 2024 filing
1 hr/week
No compensation reported
Constance M. Rule
Senior Vice President & Csp
Senior Vice President → Csp, 2022
Csp → Senior Vice President & Csp, 2023
On filings since 2020
40 hrs/week
$215K (2020) → $280K (2024)
Doug Shoemaker
Vice President
Senior Vice President → Vice President, 2022
On filings since 2020
40 hrs/week
$271K (2020) → $296K (2024)
James Alexander
Senior Vice President
On filings since 2020
40 hrs/week
$224K (2020) → $249K (2024)
Janice Turner
Vice President
Senior Vice President → Vice President, 2024
On filings since 2020
40 hrs/week
$224K (2020) → $241K (2024)
John Marcolina
Vice President
On filings since 2020
40 hrs/week
$188K (2020) → $208K (2024)
Joseph Thompson
Senior Vice President
On filings since 2020
40 hrs/week
$153K (2020) → $252K (2024)
Mark Angelini
Senior Vice President
On filings since 2020
40 hrs/week
$234K (2020) → $252K (2024)
Melissa Clayton
Senior Vice President
On filings since 2020
40 hrs/week
$221K (2020) → $273K (2024)
Chad Payne
Treasurer
On filings since 2021
40 hrs/week
$88K (2021) → $202K (2024)
Kate Vincent Peterson
Senior Vice President
On filings since 2021
40 hrs/week
$178K (2021) → $204K (2024)
Parag Gupta
Senior Vice President & Cpo
Chief Program Officer → Senior Vice President & Cpo, 2023
On filings since 2021
40 hrs/week
$127K (2021) → $291K (2024)
Angela Bruno
Senior Vice President & CFO
On filings since 2022
40 hrs/week
$249K (2022) → $352K (2024)
Edward Holder
Vice President & Real Estate Development
Vice President → Vice President & Real Estate Development, 2024
On filings since 2022
40 hrs/week
$257K (2022) → $265K (2024)
Joe Rosenblum
Secretary
On filings since 2022
40 hrs/week
$215K (2022) → $233K (2024)
John Felix
Senior Vice President
Assistant Secretary & Senior Vice President → Assistant Secretary & Senior, 2023
Assistant Secretary & Senior → Senior Vice President, 2024
On filings since 2022
40 hrs/week
$198K (2022) → $216K (2024)
Jaya Johnson
Vice President
Senior Vice President → Vice President, 2024
On filings since 2023
40 hrs/week
$190K (2023) → $205K (2024)
Lillian Lew-Hailer
Reg Vice President Ops
Vice President → Reg Vice President Ops, 2024
On filings since 2023
40 hrs/week
$220K (2023) → $237K (2024)
Shelly Marquez
Senior Vice President
On filings since 2023
40 hrs/week
$244K (2023) → $255K (2024)
Web Brown
Senior Vice President
On filings since 2023
40 hrs/week
$190K (2023) → $195K (2024)
Debra Walsh
Executive Vice President
New on the 2024 filing
40 hrs/week
$361K (2024)
Cheryll O'Bryan
Vice President
Senior Vice President & President of Mhm → Vice President, 2022
On filings since 2020
1 hr/week
No compensation reported
Former officers (30)
- Former: Dee Walsh (2020–2023) — Vice President
- Former: Ron Jackson (2020–2023) — Vice President
- Former: Diane Hejna (2021–2023) — Director
- Former: Doug Jutte (2021–2023) — Director
- Former: Christopher Reed (2020–2022) — Vice President
- Former: Jason Battista (2020–2022) — Senior Vice President
- Former: Steve Spears (2020–2022) — Senior Vice President & CFO
- Former: Alwyn Dias (2021–2022) — Director
- Former: Ed Madell (2021–2022) — Director
- Former: Linda Werthman (2021–2022) — Director
- Former: Will Snyder (2021–2022) — Director
- Former: Bob Tetrault (2022) — Director
- Former: Carol Wetmore (2022) — Director
- Former: Suzanne Swift (2022) — Director
- Former: Michele Stowe (2020–2021) — Senior Vice President
- Former: Jane Gerety (2021) — Director
- Former: Norris Brown (2021) — Senior Vice President
- Former: Patricia Cochran (2021) — Chair
- Former: Thomas D. Maynard (2021) — Vice President
- Former: Ed Holder (2020) — Vice President Real Estate Development
- Former: Gunnar K. Tande (2020) — Senior Vice President
- Former: Jane Graf (2020) — CEO
- Former: Lourdes Castro Ramirez (2020) — Director
- Former: Samuel Ross (2020) — Director
- Former: Sr Barbara Busch (2020) — Director
- Former: Sr Diane Hejna (2020) — Director
- Former: Sr Pat McDermott (2020) — Director
- Former: Sr Rose Marie Jasinski (2020) — Director
- Former: Valerie Agostino (2020) — Senior Vice President
- Former: William Rumpf (2020) — Senior Vice President
Data from IRS Form 990 filings, 2020–2024. "On filings since" is the earliest filing we hold that lists the person; hours are average hours per week as reported.
Compensation Overview
From 2024 IRS filing
The highest reported compensation on the 2024 filing was $496K, to Ismael Guerrero (President). 24 officers or directors reported compensation on that filing.
Frequently asked questions about Mercy Housing Inc
How much does Mercy Housing Inc give each year?
Mercy Housing Inc gave $5.7M across 15 grants in 2024, according to its 2024 IRS Form 990. In 2023 it gave $3.7M across 10 grants.
What is Mercy Housing Inc's typical grant size?
Mercy Housing Inc's median grant in 2024 was $112,500, and its average grant was $383,099, across 15 grants on its 2024 IRS Form 990. Organizations receiving their first grant from Mercy Housing Inc that year got $159K on average.
Where does Mercy Housing Inc give grants?
Mercy Housing Inc gives mostly in Colorado: 100% of the grant dollars itemized on its 2024 IRS Form 990 went to recipients there. The most frequent recipient cities were Denver, CO (14 grants).
Does Mercy Housing Inc give general operating support?
Not in 2024: none of the 15 grants with a stated purpose on Mercy Housing Inc's 2024 IRS Form 990 were described as general or operating support. Recurring purposes include "Low-Income Housing" (15 grants).
Who are Mercy Housing Inc's largest grantees?
Mercy Housing Inc's largest 2024 grantees include Mercy Housing Northwest ($3,081,250), Mercy Housing Mountain Plains ($925,385) and Mercy Housing Colorado VI Ltd ($366,631), according to its 2024 IRS Form 990. Together they received 76% of its itemized 2024 grant dollars.
How large is Mercy Housing Inc?
Mercy Housing Inc reported $502.7M in total assets on its 2024 IRS Form 990. Its revenue that year was $46.5M.
What does Mercy Housing Inc fund?
Mercy Housing Inc.’s stated mission is to manage or direct entities that create stable, vibrant, and healthy communities by developing, financing, and operating affordable, program-enriched housing for families, seniors, and people with special needs who lack the economic resources to access quality, safe housing. See mission & focus areas ↑
How do I apply for a grant from Mercy Housing Inc?
Mercy Housing Inc has no public application process in the sources Grantable reviewed. Check mercyhousing.org for current guidelines, or contact the foundation directly before submitting a request.
What is Mercy Housing Inc's EIN?
Mercy Housing Inc's EIN (Employer Identification Number) is 47-0646706. IRS Form 990 filing data is available on this page for 2020–2024.
Data last updated October 2026. Sourced from IRS Form 990 filings. Research dossier generated October 2026.
Data update history
(6)
When this profile's IRS filing data changed on Grantable
- Updated Form 990 for fiscal year 2020 (received by the IRS October 29, 2021)
- Updated Form 990 for fiscal year 2021 (received by the IRS October 26, 2022)
- Updated Form 990 for fiscal year 2022 (received by the IRS November 14, 2023)
- Updated Form 990 for fiscal year 2023 (received by the IRS November 14, 2024)
- Updated Form 990 for fiscal year 2024 (received by the IRS November 12, 2025)
- IRS filings on file for fiscal years 2020–2024
Live grants for the work Mercy Housing Inc funds
Housing & Shelter Open opportunities, soonest deadline first.
Explore Open Grants
Browse active grant opportunities in Mercy Housing Inc's focus areas in our free grants database
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Funders that support many of the same organizations
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Mercy Housing Southeast
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The mission of Mercy Housing Southeast 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 Southeast 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.
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South of Market Mercy Housing
Denver, CO
The organization invests in limited partnerships which provide low- income housing and supportive services to low-income, homeless, potentially homeless, or otherwise disadvantaged persons, in accordance with its exempt purpose. Most disbursements in furtherance of the organization's exempt-purpose programs are made in the active conduct of the above activities. Otherwise, disbursements in furtherance of the organization's exempt-purpose programs are made in accordance with procedures or subject to conditions established by the organization's board of directors designed to ensure that individuals and organizations receiving disbursements are adequately investigated to establish they are qualified recipients.
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Cite this profile
Grantable. (2026). Mercy Housing Inc funder profile. GrantGraph. Retrieved October 17, 2026, from https://grantable.co/funders/mercy-housing-inc-morg_d505e1f664d741a6b0ee7c0c277ee9c2
BibTeX
@misc{grantable_470646706_2026,
author = {{Grantable}},
title = {{Mercy Housing Inc funder profile}},
howpublished = {GrantGraph},
year = {2026},
url = {https://grantable.co/funders/mercy-housing-inc-morg_d505e1f664d741a6b0ee7c0c277ee9c2},
note = {Accessed 2026-10-17. Data licensed CC BY 4.0}
}The figures on this page are open data under CC BY 4.0: reuse them with credit to Grantable and a link. Download the data.
Figures come from Mercy Housing Inc's IRS filings (methodology). AI-written summaries, news items and logos are not covered by the open licence. Spot an error? Email hello@grantable.co.
Mercy Housing Inc down — hundreds of funders to go?