Mercy Housing
Legal name: Assisi Homes - Colony Park Inc
Nonprofit profile at a glance
- EIN
- 364039278
- IRS 990 coverage
- 2009–2024
- Official website data refreshed
- Sep 2026
- Forms available
- Form 990 2024
- Location
- Denver, CO, USA
- Phone
- 3038303300
- Rating
- 63
- Verdict
- SUPPORTED
- Rating confidence
- Moderate
Reported finances
- Revenue
- $4,118,204
- Expenses
- $3,452,791
- Assets
- $10,529,350
- Liabilities
- $14,305,523
Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
7 people listed
Executive titles in this filing
- KASSIDI BOENING (VICE PRESIDENT/DIRECTOR)
- MELISSA CLAYTON (VICE PRESIDENT/DIRECTOR)
- FATMAH FARRAJ (VICE PRESIDENT)
- MARK ANGELINI (PRESIDENT)
- EDGAR FLAGG III (VICE PRESIDENT)
Highest reported compensation
- MELISSA CLAYTON (VICE PRESIDENT/DIRECTOR): $308,489 total reported compensation
- MARK ANGELINI (PRESIDENT): $264,448 total reported compensation
- JOE ROSENBLUM (SECRETARY/DIRECTOR): $242,964 total reported compensation
Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
To 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 opportunities.
What it reported doing in 2024
Assisi homes - colony park, inc. Is a nonprofit organization formed in 1995, in accordance with the not-for-profit statutes of the state of Illinois for the purpose of providing housing and related services for very low and low-income persons in carol stream, Illinois, with housing assistance, mortgages and grants from the u.s department of housing and urban development pursuant to section 236 of the national housing act.
Operating model
- Revenue model
- Grant-funded. 64% of the money available for current operations came from government grants.
- Distribution model
- Direct operator. The filing allocates 100% of reported program-service expenses outside its grant, affiliate-payment, and member-benefit lines. This expense classification does not rule out separately announced grant awards.
The verdict
SUPPORTED - A large share of available resources goes toward mission work and the filed numbers largely add up. A relatively small share of voting board members are independent and few specific pay-setting methods are documented in the filing; unanswered boxes are not proof of absence.
Rating breakdown
- Financial Efficiency: 78
- Transparency & Controls: 65
- Accountability: 32
- Sustainability: 63
- Growth: 60
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 82.2%; rating input score 82
- Program expense ratio: 97.8%; rating input score 98
- Fundraising efficiency: Limited
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 63rd percentile among comparable filings
- Pay-setting controls: 0 of 6 controls in place; rating input score 0
- Compensation committee: Missing
- Independent consultant: Missing
- Other Form 990s reviewed: Missing
- Written employment contract: Missing
- Compensation survey or study: Missing
- Board or committee approval: Missing
- Foreign activity oversight: Limited
- Grant itemization coverage: Limited
- Major donor itemization: Yes; rating input score 100
- Related-party transparency: Limited
Accountability
- Independent voting board: 0%; rating input score 0; 3rd percentile among comparable filings
- Governance controls: 7 of 9 controls in place; rating input score 78
- Conflict-of-interest policy: Pass
- Whistleblower policy: Pass
- Document-retention policy: Pass
- CEO compensation review process: Fail
- Other executive compensation review process: Fail
- Form 990 shared with the board: Pass
- Board meeting minutes documented: Pass
- Audit committee oversight: Pass
- Independent financial-statement audit: Pass
Sustainability
- Operating margin: 16.2%; rating input score 72; 72nd percentile among comparable filings
- Total-asset coverage ratio: 3.05; rating input score 74; 74th percentile among comparable filings
- Liabilities to assets ratio: 1.36; rating input score 2; 2nd percentile among comparable filings
- Officer compensation ratio: 4%; rating input score 61; 61st percentile among comparable filings
Growth
- Program expense growth: -3.1% per year; rating input score 0; 7th percentile among comparable filings
- Revenue growth: 6.3% per year; rating input score 100; 50th percentile among comparable filings
- Asset growth: 0.7% per year; rating input score 100; 15th percentile among comparable filings
Details
- What they do: 3 programs and campaigns described on the official site · 1 operating location identified
- Where the money goes: 82.2% of revenue deployed · 97.8% of spending went to programs
- Governance: 0 of 3 board members independent · 7 of 9 filing controls reported
- Programs: 1 filed program accomplishment · $3.4M in reported program spending
- Leadership: top reported pay $308K · 7 people listed · 0 of 6 pay-setting controls reported
- Consistency: 25 of 25 current checks pass
- Schedules: 6 filed schedules · includes major donors and executive pay
- Filing history: 14 filing years from 2009 to 2024
- Contacts: How to reach this organization
- Related organizations: 493 filed related-organization links
- Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
- People: Everyone the filings name, and which of them the filings identify by more than a name.
Key Signals
Signals prioritize questions for review. They are not findings of misconduct.
Grant-readiness screening is separate from the live rating, not a measure of program quality. Review the source records before making a grant decision.
- High — Accountability: Independent voting board scored 0/100.
- High — Transparency & Controls: Pay-setting controls scored 0/100.
- High — Growth: Program expense growth scored 0/100.
- Review — Accountability: Governance controls: 2 of 9 not reported.
- High — Sustainability: Liabilities to assets ratio scored 2/100.
- High — Grant Readiness: Federal audit findings: this organization reported findings in its latest federal Single Audit.