Mercy Manor
Nonprofit profile at a glance
- EIN
- 411805317
- IRS 990 coverage
- 2009–2024
- Forms available
- Form 990 2024
- Location
- Albany, MN, USA
- Phone
- 3208452969
- Rating
- 80
- Verdict
- STRONG
- Rating confidence
- Moderate
- Sector
- Senior Citizens' Housing/Retirement Communities
Reported finances
- Revenue
- $262,281
- Expenses
- $345,454
- Assets
- $1,551,781
- Liabilities
- $251,777
Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
9 people listed
Executive titles in this filing
- MARK KNAPP (PRESIDENT)
- JANET SALK (VICE PRESIDENT)
- ROBIN MORRIN (MOM ADMINISTRATOR/CEO)
Highest reported compensation
- ROBIN MORRIN (MOM ADMINISTRATOR/CEO): $125,974 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 provide low income elderly with housing facilities and services specially designed to meet their physical, social, and psychological needs, and to promote their health, security, happiness, and usefulness in longer living, the charges for such facilities and services to be predicated upon the provision, maintenance, and operation thereof on a non-profit basis.
What it reported doing in 2024
Senior citizens housing project with 40 rental units which provide quality housing to low income senior citizens.
Operating model
- Revenue model
- Earned-program. 99% of the money available for current operations came from fees and other program revenue.
- 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
STRONG - The filed numbers largely add up and a large share of available resources goes toward mission work. Expenses are high relative to revenue and some filed totals do not add up.
Rating breakdown
- Financial Efficiency: 69
- Transparency & Controls: 93
- Accountability: 95
- Sustainability: 29
- Growth: 80
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 86.2%; rating input score 86
- Program expense ratio: 64.9%; rating input score 65
- Fundraising efficiency: Limited
Transparency & Controls
- Consistency checks: 92.9%; rating input score 93; 25th percentile among comparable filings
- Pay-setting controls: Limited
- Foreign activity oversight: Limited
- Grant itemization coverage: Limited
- Major donor itemization: Limited
- Related-party transparency: Limited
Accountability
- Independent voting board: 100%; rating input score 100; 63rd percentile among comparable filings
- Governance controls: 7 of 8 controls in place; rating input score 88
- Conflict-of-interest policy: Pass
- Whistleblower policy: Pass
- Document-retention policy: Pass
- CEO compensation review process: Fail
- Other executive compensation review process: NotApplicable
- Form 990 shared with the board: Pass
- Board meeting minutes documented: Pass
- Audit committee oversight: Pass
- Independent financial-statement audit: Pass
Sustainability
- Operating margin: -31.7%; rating input score 9; 9th percentile among comparable filings
- Total-asset coverage ratio: 4.49; rating input score 77; 77th percentile among comparable filings
- Liabilities to assets ratio: 0.16; rating input score 22; 22nd percentile among comparable filings
- Officer compensation ratio: Limited
Growth
- Program expense growth: 0.8% per year; rating input score 100; 34th percentile among comparable filings
- Revenue growth: 2.4% per year; rating input score 100; 37th percentile among comparable filings
- Asset growth: -3.8% per year; rating input score 0; 13th percentile among comparable filings
Details
- Where the money goes: 86.2% of revenue deployed · 64.9% of spending went to programs
- Governance: 8 of 8 board members independent · 7 of 8 filing controls reported
- Programs: 1 filed program accomplishment · $224K in reported program spending
- Leadership: top reported pay $126K · 9 people listed
- Consistency: 26 of 27 current checks pass · 1 finding to review
- Schedules: 4 filed schedules
- Filing history: 16 filing years from 2009 to 2024
- Contacts: How to reach this organization
- Related organizations: 3 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.
- High — Sustainability: Operating margin scored 9/100.
- Review — Transparency & Controls: Schedule R controlled transactions itemized did not reconcile in the filed values.
- Review — Accountability: Governance controls: CEO compensation review process not reported.
- High — Growth: Asset growth scored 0/100.
- High — Sustainability: Liabilities to assets ratio scored 22/100.