2025-04-17T13:29:52-05:00 2024-12-31 260013259 Gorzynski Uglow & Farrell PC 33 East Main Street North East PA 16428 990 2024-01-01 251523703 Mercy Terrace Apartments MERC 8148256791 430 E Grandview Blvd Erie PA 16504 Mary E Zenner Executive Director 8148256791 2025-03-26 1 0 Carl A FarrellJrCPA P00632862 8147258625 2024 2025-03-06 01:10:19Z Mary E Zenner 430 East Grandview Blvd Erie PA 16504 540124 0 X N/A X 1985 PA 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. 12 12 4 0 0 0 67037 4934 490018 492135 36596 34750 0 0 593651 531819 71752 70206 0 0 140574 152363 0 0 0 285023 295097 497349 517666 96302 14153 2575506 2609665 40235 45233 2535271 2564432 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. 0 0 478583 70206 526885 Operation of a 64 unit independent living apartment complex for the elderly meeting their social, spiritual, physical and psychological needs in housing and immediate environment, at a moderate cost. 478583 1 0 0 0 0 0 0 0 0 0 1 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 1 1 0 1 4 1 0 0 0 0 0 0 0 0 0 0 X 12 12 0 0 0 0 1 1 1 1 1 0 0 1 1 1 1 1 1 1 0 0 PA X The Organization 8148256791 430 E Grandview Blvd Erie PA 16504 Kim Goetz Member at large 2.00 X 0 0 0 Sr Lisa Mary McCartney RSM PhD Board Secretary 2.00 X X 0 0 0 Rev Michael P Ferrick Board Member 2.00 X 0 0 0 Thomas Brunner Board Member 2.00 X 0 0 0 Michele Wheaton Chairperson 2.00 X 0 0 0 Melissa L Larese Esq Vice Chairperson 2.00 X X 0 0 0 Sr JoAnne Courneen RSM Board Treasurer 2.00 X X 0 0 0 Mary E Zenner Executive Director 40.00 X 71485 0 0 Matthew J Rose Board Member 2.00 X 0 0 0 Mark Simpson CPA CFP Board Member 2.00 X 0 0 0 Lisa Anderson Board Member 2.00 X 0 0 0 71485 0 0 0 0 0 0 0 4934 4934 Rental income 531110 481790 481790 Laundry room income 531110 7345 7345 Application fee income 531110 3000 3000 492135 21154 21154 21901 8305 13596 13596 13596 531819 526885 0 0 70206 70206 72085 68481 3604 57244 39493 17751 8996 8546 450 4236 4109 127 9802 9508 294 4475 4475 2179 2179 3915 2851 1064 56536 53709 2827 126241 119929 6312 23581 23581 Repairs and maintenance 30186 30186 Municipal services 26407 26407 Replacements 19381 19381 Misc Plant Exp 2196 2196 517666 478583 39083 0 319991 285742 13177 14163 4710465 2808263 1871688 1902202 370650 407558 2575506 2609665 15735 13233 24500 32000 40235 45233 X 2535271 2564432 2535271 2564432 2575506 2609665 14153 15008 0 X X 1 X 0 1 0 X 7571 26354 13337 7537 4934 59733 485838 487917 490583 490018 492135 2446491 493409 514271 503920 497555 497069 2506224 0 0 0 2506224 8047 7003 10650 19757 21154 66611 8047 7003 10650 19757 21154 66611 501456 521274 514570 517312 518223 2572835 0.97410 0.97740 0.02590 0.02260 X 191517 191517 4125606 2596945 1528661 91380 52465 38915 301962 158853 143109 1902202 X Part X, Line 2: Management has evaluated their income tax positions under the guidance included in ASC 740. Based on their review, management has not identified any material uncertain tax positions to be recorded or disclosed in the financial statements. 1 Mercy Hilltop Center 3715 Pennsylvania Avenue Erie PA 16504 251248329 501(c)3 60000 0 To provide assistance for the sustainablity of operations. Mercyhurst Prepatory School 538 E Grandview Blvd Erie PA 16504 251143199 501(c)3 10206 0 To provide assistance for the sustainabilty of operations. Part I, Line 2: Management requires the doneee organization provide periodic reports detailing the purpose the funds were used and the related amount. Form 990, Part VI, Section A, line 6 The members of the Organization shall be the elected President and Councilors of the Institute of the Sisters of Mercy of the Americas. Each member has the right to authorize another to act for him/her by proxy and the members acting as a group have the right to authorize others to act for them. Form 990, Part VI, Section A, line 7a The members of the Organization have the power to appoint Trustees to the Board upon the recommendation of that Board and remove, with or without cause, any member of the Board of Trustees. Form 990, Part VI, Section A, line 7b The following powers are reserved exclusively to the members of the Organization, who shall retain and exercise such powers, in addition to any power and responsibility as shall be conferred upon them by the laws of the Commonwealth of Pennsylvania: (1) exercise all final authority for the definition, implementation of the philosophy according to which the Organization operates; (2) amend, alter, modify or repeal the certificate of incorporation; (3) approve amendments of the by-laws of the Organization as recommended by the Board of Trustees; (4) approve purchase, sale or lease or disposition of any real property of the Organization upon the recommendation of the Board of Trustees; (5) authorize the merger or consolidation of the Organization with any other entity, organization or program; (6) require a certified financial review/audit of Organization funds; (7) dissolve or terminate the existence of the Organization and determine distribution of assets upon dissolution or termination; (8) appoint Trustees to the Organization Board upon the recommendation of Board and remove, with or without cause, any member of the Board of Trustees; (9) approve the appointment and removal of the Executive Director upon recommendation of the Board of Trustees; (10) approve the borrowing of funds which, together with all the outstanding obligations for borrowed money, exceeds 20% of the net assets of the Organization, upon the recommendation of the Board of Trustees; and, (11) approve any capital campaign upon the recommendation of the Board of Trustees. Form 990, Part VI, Section B, line 11b The Organization's accountants shall prepare Form 990 and present it to the Finance Committee for approval. If the Finance Committee agrees that the Form 990 has been completed appropriately utilizing generally accepted principles, and it accurately presents the Organization, its principals of governance, and its finances, the Committee shall approve it. Following the approval of the Form 990, the Finance Committee shall present it to the Organization's Board of Trustees for information purposes. There shall be contemporaneous documentation and recordkeeping with respect to the deliberations and decisions regarding the approval and submission of the Form 990. Form 990, Part VI, Section B, line 12c At the beginning of each year, the Board of Trustees is required to review the conflict of interest policy and acknowledge it by signing a copy. The policy copies are kept on file at the Organization's offices. Form 990, Part VI, Section B, line 15a The policy for determining compensation of the Organization applies to the compensation of the Executive Director. The process includes: (1) a review and approval by the Board of Trustees; (2) use of comparable compensation data; and (3) contemporaneous documentation and recordkeeping. Form 990, Part VI, Section C, line 19 The Organization's governing documents, conflict of interest policy and financial statements are available to the public upon request at it's offices. Form 990, Part XII, Line 2c The Organization has not changed its oversight process or selection process during the year. The Institute of Sisters of Mercy of the Americas 8403 Colesville Road Silver Springs MD 20910 450566406 Community MO 501(c)(3) Exempt 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 Mercy Hilltop Center C 60000 Agreement with the center Mercyhurst Prepatory School C 10206 Earnings on investment account