Mercy Housing

What Mercy Housing does

Mercy Housing is a 501(c)(3) nonprofit affordable housing organization founded in 1981 and headquartered in Denver, Colorado. The organization develops, preserves, manages, and finances affordable, program-enriched rental housing for low-income families, seniors (62+), veterans, and individuals with intellectual and developmental disabilities (IDD), serving households earning 30%-80% of Area Median Income. Operations are organized through five regional divisions—California, Lakefront (IL/WI/IN), Mountain Plains (AZ/CO/IA/MO/NE/UT), Northwest (WA/OR/ID), and Southeast (AL/GA/KY/NC/OH/SC/TN)—extending the organization's footprint to 45 states plus Puerto Rico and supporting 47,000+ current residents across roughly 357 properties.

The organization's core products comprise affordable housing development, property management, the Mercy Community Capital financing affiliate, and a resident services program delivered at approximately 75% of properties covering health and wellness, after-school education (including the Mercy Scholars program), financial stability, and community engagement. Technological differentiation centers on energy-efficient building practices: multi-year appliance, insulation, and lighting retrofits have yielded over 417,000 kWh and 48,000 therms in energy savings, nearly $650,000 in resident cost savings, and prevented 1.4 million pounds of carbon emissions (2022-2025). Transit-oriented development partnerships with Sound Transit have produced co-located communities such as Connection Angle Lake (130 units) and Kent Multicultural Village (233 units), with the latter reserving 20% of units for individuals with IDD.

Revenue mechanics are structured as a 501(c)(3) nonprofit with multiple parallel flows: rental and operational revenue from managed properties, Low-Income Housing Tax Credit syndication proceeds, developer fees from Mercy Community Capital, government and foundation grants (notably from the CDFI Fund, CalOptima, Bank of America, Wells Fargo, JPMorgan Chase, Amazon Housing Equity Fund, and U.S. Bank Foundation), and philanthropic contributions from individuals, workplace giving, and planned giving/estate vehicles. Pricing for residents is income-based, scaled against Area Median Income tiers ranging from 30% to 80% depending on property. The organization has an EIN of 47-0646706, no parent company, and is governed by a board of directors. Revenue is not publicly disclosed.

Name

Mercy Housing

Legal name

Mercy Housing Inc.

Website

https://mercyhousing.org

Company type

Private

Founded year

1981

Operating status

Operating

Headcount range

1,001–5,000 employees

Short description

Mercy Housing is a 501(c)(3) nonprofit founded in 1981 that develops, manages, and finances affordable rental housing plus resident services for low-income families, seniors, veterans, and individuals with disabilities across 45 states and Puerto Rico.

Ownership category

akta.pro rank

Product category

Affordable Housing Services

NAICS

Community Housing Services (62422), Continuing Care Retirement Communities and Assisted Living Facilities for the Elderly (62331), Other Residential Care Facilities (623990)

SIC

Services-Social Services (8300)

akta.pro primary industry

Affordable Housing & Community Development (Housing, Community Land Trusts) (BPAGALAC)

akta.pro secondary industries

Housing Assistance & Homeless Services (BPAGAEAB), Affordable/Subsidized Independent Living (HUD/LIHTC) Communities (HLADAAAB)

Keywords

• Affordable housing development
• Low-income housing
• Property management services
• Resident support services
• Nonprofit housing

Headquarters

HQ city

Denver

HQ country

United States

HQ region

North America

Offices7 records

Markets served

GTM type

B2C

Offering type

Services

Cost components

Personnel, Operations, Infrastructure, Supply Chain, Marketing or Sales, Technology or R&D, Others

Revenue model

1. Affordable Housing Operations: Development, preservation, management, and financing of affordable, program-enriched housing for low-income populations including families, seniors, and people with special needs.
2. Government Incentives and Tax Credits: Energy efficiency incentives from utilities, Low-Income Housing Tax Credits, and grants from government agencies and foundations supporting affordable housing development and resident services.
3. Philanthropic Donations: Charitable contributions from individuals, corporations, and foundations. 90% of every philanthropic dollar is directed to charitable programs. EIN 47-0646706.
4. Workplace Giving Programs: Federal, state, and private sector employees support Mercy Housing through employer-provided giving programs via payroll deductions.
5. Planned Giving and Estate Gifts: Legacy Circle program accepts gifts through wills, stock, cryptocurrency, and other estate planning vehicles.

Pricing tiers

Go-to-market motion1 record

Distribution channels4 records

Marketing channels6 records

Core offering

Mercy Housing develops, finances, owns, and manages affordable rental housing for low-income families, seniors, veterans, and individuals with special needs across 45 states and Puerto Rico. Through five regional offices, the organization also provides on-site resident services covering health and wellness, after-school programs, financial stability, and community building, and operates Mercy Community Capital, a lending affiliate financing affordable housing developments.

Product overview

Mercy Housing is a national nonprofit affordable housing organization offering a comprehensive portfolio of housing and support services. The organization operates through five regional divisions (California, Lakefront, Mountain Plains, Northwest, Southeast) providing affordable housing development, property management, and resident services. Key offerings include Mercy Community Capital for housing financing, Resident Services for health/wellness and educational programs, and the Mercy Scholars Program for youth academic enrichment. Since 1981, the organization has helped provide homes for more than 250,000 people across 45 states and Puerto Rico.

Differentiator

Problem solved

Functional benefit

Products and services

• Affordable Housing Development
• Property Management
• Resident Services
• Mercy Community Capital
• Mercy Scholars Program

Quantifiable outcome

• Energy savings of over 417,000 kWh and 48,000 therms generated through efficiency upgrades
• +4 more outcomes

Named customers7 records

Segments4 records

Ideal customer profiles4 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature3 records

Partnerships

13 partnerships are on record, tiered core and minor.

• Multi-Family Energy Savings (ComEd, Nicor Gas, North Shore Gas, Peoples Gas)coreStrategic or Co-development Partner · 1 January 2022Multi-year energy efficiency partnership from 2022-2025 installed efficient appliances and equipment in over 2,000 affordable housing units, earning more than $1.5 million in incentives. ComEd contributed approximately $886,000, Nicor Gas $126,000, and Peoples Gas and North Shore Gas combined $523,000 to offset installation costs.
• Association for Individual Development (AID)coreStrategic or Co-development PartnerMental health partnership providing programs tailored to unique community needs at Marian Park, Colony Park, and Batavia Apartments through DuPage County and Kane County Mental Health Programs. Group sessions occur once or twice per month covering topics like coping with anger and frustration.
• Open Doors for Multicultural FamiliescoreStrategic or Co-development PartnerPartnership to build affordable housing for families and individuals with intellectual and developmental disabilities (IDD). Projects include Kent Multicultural Village (233 units) adjacent to Kent/Des Moines light rail station, with 20% of units set aside for IDD community and an inclusive Early Learning Center and Family Resource Center.
• Sound TransitcoreStrategic or Co-development PartnerTransit-oriented development partnership creating affordable housing near light rail stations. Projects include Connection Angle Lake (130 units in SeaTac near Angle Lake station), Kent Multicultural Village adjacent to Kent/Des Moines station, and Federal Way developments near new Link stations.
• The Arc of King CountycoreStrategic or Co-development PartnerLong-term partnership serving individuals with intellectual and developmental disabilities. The Arc was invited to a resource event in 2015 and has partnered on Connection Angle Lake, serving as headquarters for The Arc Legacy Center and providing 26 units reserved for residents with IDD.
• Mary's PlacecoreStrategic or Co-development PartnerInnovative campus partnership in Burien bringing together emergency shelter (200 family members per night) and 90 permanent affordable apartments. Of the apartments, 34 are for very low-income families transitioning from shelter, part of Mary's Place's proven three-pronged approach to family homelessness.
• City of San FranciscocoreStrategic or Co-development PartnerPartnership for 600 Seventh Street development providing 220 apartment homes for families earning up to 78% of Area Median Income, with 120 homes for permanent supportive housing. Mayor Daniel Lurie praised the development as addressing housing insecurity.
• Episcopal Community Services (ECS)coreStrategic or Co-development PartnerPartner for 600 Seventh Street providing comprehensive onsite support services including case management, health, and employment services using whole-person approach to addressing homelessness and poverty.
• Matter HealthcoreStrategic or Co-development PartnerOn-site, one-on-one, high-quality healthcare provider for seniors at The Atrium at Collegetown in Atlanta, addressing healthcare accessibility and affordability for residents.
• Share Our Strength's No Kid HungryminorStrategic or Co-development PartnerNational campaign partnership to improve food access through the Nutrition in Housing pilot program transforming food environments in affordable housing communities across four U.S. cities.
• Financial Empowerment CentercoreStrategic or Co-development PartnerOne-on-one financial coaching, workshops, and goal-setting support to strengthen financial well-being of residents at The Rose on Colfax, Grace Apartments, and Holly Park.
• ROSE Community Development CorporationcoreStrategic or Co-development PartnerPartnership for Berry Ranch development in Portland Metro area, featuring 50 affordable, energy-efficient homes set aside for families and individuals with disabilities.
• REACH Community DevelopmentcoreStrategic or Co-development PartnerPartnership for Elmonica Station development near MAX Station in Beaverton, creating 81 new apartment homes.

Scale indicators10 records

Recent moves8 records

Expansion highlights6 records

Direct peers

• National Church Residences: Faith-based nonprofit developer and operator of affordable senior housing across 25+ states; comparable to Mercy Housing's senior housing portfolio and its faith-affiliated origins.
• Enterprise Community Partners: One of the largest U.S. nonprofit affordable housing developers and LIHTC syndicators; explicitly cited as a Mercy Housing financing partner and a near-perfect analog in mission, scale, and capital stack.
• BRIDGE Housing: California-headquartered nonprofit affordable housing developer with ~8,500+ homes and a focus on family, senior, and supportive housing — directly comparable in resident mix and mission to Mercy Housing California.
• Habitat for Humanity International: Nonprofit affordable housing organization operating in all 50 states and Puerto Rico; while focused on homeownership rather than rentals, it is a comparable national-scale nonprofit housing peer with similar donor and volunteer models.
• Volunteers of America National Services: Nonprofit that combines supportive and affordable housing with human services for seniors, veterans, and families — closely aligned with Mercy Housing's resident services + housing model.
• Preservation of Affordable Housing (POAH): Nonprofit that preserves and operates affordable rental housing across multiple states, often layering supportive services — closely comparable in operating model and geography.
• NHT-Enterprise Preservation: Joint venture of LISC and Enterprise focused on preserving aging affordable rental housing using LIHTC recapitalizations — a comparable nonprofit model to Mercy Housing's preservation work.

Broad incumbents

• L+M Development Partners: For-profit affordable and mixed-income developer active in the same Northeast and West Coast markets where Mercy Housing operates; competes for 9% LIHTC awards and supportive housing deals.
• WinnCompanies: Major affordable and market-rate multifamily owner/manager; competes with Mercy Housing for property management mandates and affordable housing acquisitions nationwide.
• Related Companies (Related Affordable): Large for-profit developer with a dedicated affordable housing arm; competes for the same LIHTC deals and urban sites as Mercy Housing but at materially larger scale and with different capital structures.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

• Xx.com/mercyhousing
• Facebookfacebook.com/mercyhousing
• LinkedInlinkedin.com/company/mercy-housing

Revenue estimate

Valuation estimate

Number of profiles

Profiles6 records

Subsidiaries10 records

Funding overview

Funding rounds4 records

Investors3 records

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Mercy Housing