Fiscal year ending 2020. Filed on October 29, 2021.
1600 Broadway Suite 2000
Denver, Colorado 80202
Mercy Community Capital (EIN: 84-1559406) has filed an IRS Form 990 since at least fiscal year 2016. In its fiscal year 2020 IRS Form 990 filing, Mercy Community Capital, a 501(c)(3) charitable organization, reported compensation for 8 employees. Among the employees shown here, the average compensation is $213,552. The highest compensated employee at Mercy Community Capital is Steve Spears with fiscal year 2020 compensation of $379,842. Mercy Community Capital changed its name from Mercy Loan Fund in 2019.
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THE MISSION OF MERCY COMMUNITY CAPITAL IS TO PROVIDE BELOW-MARKET LOANS IN ORDER TO SUPPORT AFFORDABLE HOUSING DEVELOPMENTS WHEN CONVENTIONAL FINANCING IS NOT POSSIBLE OR AFFORDABLE. DEVELOPERS AND NONPROFIT ORGANIZATIONS SEEKING LOANS FROM MERCY COMMUNITY CAPITAL MUST DEMONSTRATE THAT THE PROPERTY WILL SERVE A RESIDENT BASIS WHERE THE FAMILY'S AVERAGE MEDIUM INCOME CANNOT EXCEED 80% OF THE AREA MEDIUM INCOME. MERCY COMMUNITY CAPITAL HAS HELPED FINANCE THE DEVELOPMENT OF SINGLE- AND MULTI-FAMILY HOMES FOR RENTAL AND HOMEOWNERSHIP. THESE DEVELOPMENTS SERVE A VARIETY OF PEOPLE, INCLUDING LOW-INCOME FAMILIES AND INDIVIDUALS, THE WORKING POOR, SENIORS, FARM WORKERS, FORMERLY HOMELESS INDIVIDUALS AND PEOPLE WITH SPECIAL NEEDS. MERCY COMMUNITY CAPITAL IS CERTIFIED BY THE U.S. TREASURY DEPARTMENT AS A COMMUNITY DEVELOPMENT FINANCIAL INSTITUTION.
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