Mercy Terrace Apartments
Operation of an independent living apartment complex for the elderly, meeting their social, spiritual, physical and psychological needs in housing and immediate environment, at a moderate cost.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$2.6M
+1.3% YoY
Annual Giving
$70K
-1.4% YoY
Grant Count
2
+0.0% YoY
Avg Grant Size
$35K
-1.4% YoY
About Mercy Terrace Apartments
Based on IRS filings
Mercy Terrace Apartments is a nonprofit organization, based in ERIE, PA. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $2.6M in total assets. In 2024, it awarded 2 grants totaling $70K. Net investment income was $35K.
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Geographic Focus
Where this funder awards grants
Grant Distribution by State
States
Cities
Financial History
Multi-year comparison from IRS filings
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $2,609,665 | $2,575,506 | $2,447,079 |
| Revenue | $531,819 | $593,651 | $519,157 |
| Expenses | $517,666 | $497,349 | $514,575 |
| Qualifying Distributions | — | — | — |
| Net Investment Income | $34,750 | $36,596 | $15,237 |
| Distributable Amount | — | — | — |
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 2 recipients in 2024
Grant Size Distribution
5 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest include Mercy Hilltop Center ($60,000), Mercyhurst Prepatory School ($10,206).
| Recipient | Purpose | Amount |
|---|---|---|
| Mercy Hilltop Center Erie, PA | To provide assistance for the sustainablity of operations. | $60,000 |
| Mercyhurst Prepatory School Erie, PA | To provide assistance for the sustainabilty of operations. | $10,206 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| Kim Goetz | Member at large | 2 | — |
| Sr Lisa Mary McCartney RSM PhD | Board Secretary | 2 | — |
| Rev Michael P Ferrick | Board Member | 2 | — |
| Thomas Brunner | Board Member | 2 | — |
| Michele Wheaton | Chairperson | 2 | — |
| Melissa L Larese Esq | Vice Chairperson | 2 | — |
| Sr JoAnne Courneen RSM | Board Treasurer | 2 | — |
| Mary E Zenner | Executive Director | 40 | $71,485 |
| Matthew J Rose | Board Member | 2 | — |
| Mark Simpson CPA CFP | Board Member | 2 | — |
| Lisa Anderson | Board Member | 2 | — |
Frequently Asked Questions
How large is Mercy Terrace Apartments?
As of 2024, Mercy Terrace Apartments holds $2.6M in total assets with $532K in annual revenue. It awarded 2 grants totaling $70K in 2024.
Where does Mercy Terrace Apartments operate?
Mercy Terrace Apartments has awarded grants in Pennsylvania.
What size grants does Mercy Terrace Apartments award?
In 2024, Mercy Terrace Apartments awarded 2 grants totaling $70K — an average of about $35K per grant, based on its IRS Form 990 filings.
What is Mercy Terrace Apartments's EIN?
Mercy Terrace Apartments's EIN (Employer Identification Number) is 25-1523703. IRS Form 990 filing data is available on this page for 2020–2024.
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Browse active grant opportunities in Mercy Terrace Apartments's focus areas in our free grants database
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Data last updated April 2026. Sourced from IRS Form 990-PF filings.
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