We could not have gotten through 2020 without everyone working together, doing our part and supporting each other. When the pandemic struck, we had to pivot all operations practically overnight. Our success with such drastic and unprecedented changes was possible because of the connections we have built over the last 40 years. A health crisis and economic fallout culminated with natural disasters and the nation’s reckoning with systemic racism. It was a critical time as I joined Mercy Housing as President and CEO in 2020. Together, we answered the year’s chaos with calm — launching our five-year strategic plan, opening five new communities, increasing food and technology relief, and hiring our first-ever Senior Vice President of Racial Equity, Diversity, and Inclusion.
These accomplishments were possible because we stayed rooted in our Core Values of respect, justice, and mercy. Residents, the North Star of Mercy Housing, are as resilient as ever. Our unwavering dedication to ending systemic racism and breaking cycles of poverty continues. Mercy Housing has proven that when we work together, anything is possible. I humbly thank all the dedicated, inspiring people that make our work possible.
Ismael Guerrero
President & CEO
After 33 years of service to Mercy Housing, Jane announced her intent to retire in 2020 as President and CEO. She leaves us with an organization well positioned and well prepared to continue to address the affordable housing crisis in our country. Jane’s faithful call, inclusivity, and passion for people that call Mercy Housing home will forever be treasured as an example of true leadership and passion. We wholeheartedly thank Jane for her leadership and service.
While the organization’s leadership may change, our commitment to creating affordable homes and inspiring dreams as we work with residents and partners to establish engaged, strong, and inclusive communities, remains stronger than ever with our clear North Star.
I am grateful for the vital work of many in support of the residents of Mercy Housing. When we come together to work together, our impact knows no bounds.
message from the president & board chair
Connections
Sister Linda Werthman, RSM
Chair of the Board of Trustees
2020 financials
Connecting our Impact
$4.46 Billion
in affordable real estate development since 1981
$420 Million
in affordable housing lending since 1981
$2.97 Billion
in pipeline for future affordable housing developments, totaling 8,383 apartment homes
Revenue by Source
73% Property Rental Income
7% Government Capital Grants
7% Earned Fees
7% Other
6% Philanthropy
Expenses by Program
85% Property Operations &
Resident Services
4% Housing Development
1% Mercy Community Capital
9% Corporate Operations
1% Fundraising
2020 Board of Trustees
Sister Barbara Busch, SC*
Sisters of Charity; Executive Director, Working In Neighborhoods
Lourdes Castro Ramirez
President, University Health System Foundation
Patricia Cochran-Bergman
Former CFO, VSP Vision Care, Retired
Alwyn Dias
Executive Coach & HR Consultant
Charlie Francis
SEVP, Chief Strategy and Transformation Officer, CommonSpirit Health
Sister Diane Hejna, CSJ*
Sisters of St. Joseph of Orange
Sister Rose Marie Jasinski, CBS*
Sisters of Bon Secours
Doug Jutte M.D.
Executive Director, Build Healthy Places Network
Edward J. Madell
Chief Financial Officer, Continental Properties Company Inc.
Sister Pat McDermott, RSM*
Sisters of Mercy
Suzanne Swift
President/Owner, Buffet Concepts Inc., Retired
Bob Tetrault
Chief Financial Officer Highridge Costa Investors
Sister Linda Werthman, RSM*, (Chair)
Health & Housing Governance, Sisters of Mercy
Carol Wetmore (Vice-Chair)
Retired
David Jackson
Federal Reserve Bank of Atlanta
Tom Byers
Cedar River Group
Will Snyder
AMITA Health, Chief Advocacy Officer
Paul Gustav Neumann
Retired, Trinity Health
Sam Ross M.D.
Bon Secours Mercy Health
Barbara J. Kelley
Retired
*Corporate Member Group
Thank you for your support
Our donors and partners are committed to creating affordable homes and inspiring dreams, as we continue our important work of serving the most vulnerable families and seniors. As we enter a new fiscal year, our services are needed now, more than ever, to meet the growing needs of people of all ages across the country.
Thank you for your support!
You helped raise
$13,289,567
in 2020.