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
No grants recorded for .
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 | — |
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Data last updated April 2026. Sourced from IRS Form 990-PF filings.
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