Tax-Exempt Status Previously Revoked
Mercy Property Holdings had its tax-exempt status revoked by the IRS on August 13, 2012 and was reinstated on February 15, 2012.
Mercy Property Holdings
To hold title to properties on behalf of its parent, Mercy Health North LLC (MHN), to collect the income therefrom, and to turn over the total income, less expenses, to MHN.
IRS Tax Year 2024
Period ending December 31, 2024
Total Revenue
$371K
Total Expenses
$673K
Net Assets
$1.5M
Employees
0
Program Expense Ratio
0.0%
This nonprofit profile presents IRS Form 990 tax filing data for Mercy Property Holdings (EIN: 30-0699825), based on the 2024 tax year annual return filed with the Internal Revenue Service.
Sections below include financial summaries (revenue, expenses, and net assets), program accomplishments, officer and key employee compensation, detailed executive pay breakdowns, governance policies and audit information, related tax-exempt organizations. All figures are reported in USD as filed.
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Financial Health
Transparency
Compensation
Program Effectiveness
Financial Stability
Risk Flags
Indicators derived from IRS Form 990 data. Not financial advice.
Mercy Property Holdings is a 501(c)(02) nonprofit headquartered in TOLEDO, OH, founded in 2012. It is classified under NTEE code E19 (Support N.E.C.), within the Healthcare category. The organization has held tax-exempt status since 2012. In its 2024 filing, the organization reported $371K in total revenue, a 46.8% decrease from the prior year, and $673K in total expenses. JEFFREY DEMPSEY, President and Chair, is the highest-compensated individual at $580,943. 3 of 6 recommended governance policies are in place.
Mercy Property Holdings is classified under NTEE code E19 (Support N.E.C.), which falls within the Healthcare category. Its foundation type is 00.
Programs(Tax Year 2024)
1 record
Mercy Property Holdings operates 1 program.
TITLE HOLDING COMPANY ACTIVITY.
Financial Overview(Tax Years 2019–2024)
6 records
Over the past 6 years, Mercy Property Holdings's revenue has grown from $173K to $371K, a 115.1% increase. Program expenses represent 0% of total spending.
Revenue decreased 46.8% year-over-year, while expenses grew 2.8%. net assets fell to $1.5M, down 13.6% from the prior year.
Mercy Property Holdings derives 100% from program services.
Revenue declined by 46.8% and expenses grew by 2.8% year over year.
Over 6 filings from 2019–2024, Mercy Property Holdings grew revenue from $173K to $371K (+115.1%) while maintaining a program expense ratio of 0%.
Mercy Property Holdings holds $1.9M in total assets against $329K in liabilities (debt-to-asset ratio of 18%). The organization has 27.6 months of operating reserves. Cash and equivalents of $0 cover approximately 0.0 months of expenses.
Revenue
| Year | Total Revenue | Contributions | Gov't Grants | Program Revenue | Investment |
|---|---|---|---|---|---|
| 2024 | $371K | $0 | $0 | $371K | $0 |
| 2023 | $699K | $0 | $0 | $699K | $0 |
| 2022 | $960K | $0 | $0 | $960K | $0 |
| 2021 | $385K | $0 | $0 | $385K | $0 |
| 2020 | $328K | $0 | $0 | $328K | $0 |
| 2019 | $173K | $0 | $0 | $143K | $30K |
Expenses
| Year | Total Expenses | Program | Management | Fundraising | Grants Paid |
|---|---|---|---|---|---|
| 2024 | $673K | $0 | $0 | $0 | $0 |
| 2023 | $655K | $0 | $0 | $0 | $0 |
| 2022 | $650K | $0 | $0 | $0 | $0 |
| 2021 | $621K | $0 | $0 | $0 | $0 |
| 2020 | $506K | $0 | $0 | $0 | $0 |
| 2019 | $386K | $0 | $0 | $0 | $0 |
Program Expense Ratio
0.0%
Admin Expense Ratio
0.0%
Fundraising Efficiency
—
Operating Reserve
27.6 mo
People & Compensation(Tax Year 2024)
3 records
Mercy Property Holdings reported compensation for 3 officers and key employees. Total officer compensation was $1.1M, representing 170.2% of total expenses. 1 individual received total compensation exceeding $500,000.
Mercy Property Holdings's highest-compensated individual received $581K in total compensation. Total officer compensation of $1.1M represents 170.2% of total expenses. 1 individual received total compensation exceeding $500,000.
| Name | Title | Type | Hours/wk | Comp from Org | Related Orgs | Total |
|---|---|---|---|---|---|---|
| JEFFREY DEMPSEY | President and Chair | OfficerDirector | 0.50 | $0 | $518,692 | $580,943 |
| MATTHEW SAPARA | Treasurer, VP Operations | OfficerDirector | 0.50 | $0 | $273,223 | $311,394 |
| Jennifer DIscher | Secretary | OfficerDirector | 0.50 | $0 | $238,018 | $253,472 |
Compensation Breakdown
Schedule J detail — base, bonus, benefits, and executive perks
JEFFREY DEMPSEY
Base Salary
—
Bonus
—
Other Reportable
—
Retirement/Deferred
—
Nontaxable Benefits
—
MATTHEW SAPARA
Base Salary
—
Bonus
—
Other Reportable
—
Retirement/Deferred
—
Nontaxable Benefits
—
Jennifer DIscher
Base Salary
—
Bonus
—
Other Reportable
—
Retirement/Deferred
—
Nontaxable Benefits
—
Governance & Compliance(Tax Year 2024)
Mercy Property Holdings has 3 of 6 recommended governance policies in place, including conflict of interest, whistleblower, document retention. Its board has 3 members, 0 of whom are independent.
Mercy Property Holdings's financial statements are audited, an audit committee oversees the process.
Policies & Oversight
Audit & Financial Oversight
Filing History(Tax Years 2012–2024)
6 records
Showing the 6 Form 990 filings currently in our system.
| Tax Year | Form | Period | Revenue | Expenses | Net Assets |
|---|---|---|---|---|---|
| 2024 | 990 | 2024-01-01 – 2024-12-31 | $371K | $673K | $1.5M |
| 2023 | 990 | 2023-01-01 – 2023-12-31 | $699K | $655K | $1.8M |
| 2022 | 990 | 2022-01-01 – 2022-12-31 | $960K | $650K | $2.1M |
| 2021 | 990 | 2021-01-01 – 2021-12-31 | $385K | $621K | $1.5M |
| 2020 | 990 | 2020-01-01 – 2020-12-31 | $328K | $506K | $1.6M |
| 2019 | 990 | 2019-01-01 – 2019-12-31 | $173K | $386K | $1.7M |
| 2012 | Reinstated | Tax-exempt status reinstated Feb 15, 2012 | |||
| 2012 | Revoked | Tax-exempt status revoked Aug 13, 2012 | |||
| This organization has been revoked and reinstated. The IRS ruling date may have been reissued, so the filing history above may not reflect the complete record and some years may be missing. | |||||
Frequently Asked Questions
What does Mercy Property Holdings do?
To hold title to properties on behalf of its parent, Mercy Health North LLC (MHN), to collect the income therefrom, and to turn over the total income, less expenses, to MHN.
How much revenue does Mercy Property Holdings have?
Mercy Property Holdings reported $371,481 in total revenue for tax year 2024, down 46.8% from the prior year.
Who is the highest-paid executive at Mercy Property Holdings?
JEFFREY DEMPSEY, President and Chair, received $580,943 in total compensation as of tax year 2024.
Is Mercy Property Holdings a 501(c)(3)?
Mercy Property Holdings is classified as a 501(c)(02) tax-exempt organization.
Where is Mercy Property Holdings located?
Mercy Property Holdings is headquartered in TOLEDO, OH 436047103.
What type of nonprofit is Mercy Property Holdings?
Mercy Property Holdings is classified under NTEE code E19 (Support N.E.C.), within the Healthcare category. It is a 501(c)(02) tax-exempt organization.
Is Mercy Property Holdings audited?
Yes, Mercy Property Holdings's financial statements are audited, and the organization has an audit committee.
Data Source
IRS Form 990 electronic filings via the IRS Exempt Organizations Business Master File. All financial figures are as reported in USD.
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