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      <TotalRevenue>437198</TotalRevenue>
      <TotalExpenses>587095</TotalExpenses>
      <ExcessOrDeficitForYear>-149897</ExcessOrDeficitForYear>
      <ExcessOrDeficitPerFS>-149897</ExcessOrDeficitPerFS>
      <TotRevenueEtcAuditedFinclStmt>437198</TotRevenueEtcAuditedFinclStmt>
      <RevenueSubtotal>437198</RevenueSubtotal>
      <TotalRevenuePerForm990>437198</TotalRevenuePerForm990>
      <TotExpensesEtcAuditedFinclStmt>587095</TotExpensesEtcAuditedFinclStmt>
      <ExpensesSubtotal>587095</ExpensesSubtotal>
      <TotalExpensesPerForm990>587095</TotalExpensesPerForm990>
      <Form990ScheduleDPartXIV>
        <Identifier>FIN 48</Identifier>
        <ReturnReference>PART X</ReturnReference>
        <Explanation>Mercy Housing, Inc. (MHI) and its consolidated nonprofit corporations are exempt from federal and state income taxes under Section 501(c)(3) of the Internal Revenue Code and comparable state statutes and did not have any unrelated business income for the year ended December 31,2010. Due to their tax exempt status, MHI and the consolidated nonprofit corporations are not subject to income taxes. MHI and the consolidated nonprofit corporations are required to file tax returns with the IRS and other taxing authorities. Accordingly, the financial statements do not reflect a provision for income taxes and there are no other tax positions which must be considered for disclosure.</Explanation>
      </Form990ScheduleDPartXIV>
    </IRS990ScheduleD>
    <IRS990ScheduleO documentId="IRS990ScheduleO">
      <GeneralExplanation>
        <Identifier>PART VI SECTION A</Identifier>
        <ReturnReference>PART VI SECTION A # 6, #7a&amp;b and #10</ReturnReference>
        <Explanation>#6: Mercy Housing, Inc., a Nebraska nonprofit corporation, is the sole member and is exempt from federal income tax as an organization described in Section 501(c)(3) of the Internal Revenue Code of 1986. #7 A &amp; B: The Board of Trustees of Mercy Housing, Inc., as sole member of cOUNTRYWOOD HOUSING CORPORATION, has authority over COUNTRYWOOD HOUSING CORPORATION in various aspects of operations and management. The reserved rights held by the Mercy Housing Board of Trustees, which may be further delegated to the President and CEO of Mercy Housing, Inc., include approval of the following activities: revisions to articles and bylaws; mergers and acquisitions; establishment of new entities; pledging, mortgaging or disposing of all or substantially all assets; obligations of new operating and mortgage debt; and, appointment or removal of governing board members and officers.</Explanation>
      </GeneralExplanation>
      <GeneralExplanation>
        <Identifier>PART VI SECTION B</Identifier>
        <ReturnReference>PART VI SECTION B #11A, #12C AND #15B</ReturnReference>
        <Explanation>11A: Form 990 is submitted to all board members prior to submission, along with request for comments. A formal meeting by phone with the board chair and available officers is held to review for form 990 prior to submission. Comments and quesions are addressed prior to the form 990 being filed. If no comments are received the form 990 is filed. Consent of the form 990 by all board members is given at the August board meeting. 12C: The Audit Committee of Mercy Housing, Inc. reviews ANNUALLY the Conflict of Interest disclosures and determines whether any action is required. 15B: Periodically the Human Resources Committee within the Mercy Housing, Inc. Board of Trustees will review executive salaries to ensure competitiveness with external markets and for internal equity in relation to general employee wages and benefits, individual and organizational performance, and the financial resources of the Organization.</Explanation>
      </GeneralExplanation>
      <GeneralExplanation>
        <Identifier>PART VI SECTION C</Identifier>
        <ReturnReference>PART VI SECTION C #19</ReturnReference>
        <Explanation>Governing documents, conflict of interest policy and financial statements are made available to the public upon request</Explanation>
      </GeneralExplanation>
      <GeneralExplanation>
        <Identifier>PART XII</Identifier>
        <ReturnReference>PART XII # 2b, # 2c and # 3</ReturnReference>
        <Explanation>2b: The Organizations financial statements are audited in accordance with generally accepted accounting principles. 2c: Responsibility for selection of an independent accountant and oversight of the annual audit is reserved by the Mercy Housing, Inc. Board of Trustees. Mercy Housing, Inc., is the sole member of COUNTRYWOOD HOUSING CORPORATION. 3: The Organization received federal loans or awards and accordingly was included in the Single Audit Act and OMB Circular A-133 audit.</Explanation>
      </GeneralExplanation>
    </IRS990ScheduleO>
    <IRS990ScheduleR documentId="IRS990ScheduleR">
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        <NameOfDisregardedEntity>
          <BusinessNameLine1>Mercy Loan Fund</BusinessNameLine1>
        </NameOfDisregardedEntity>
        <AddressUS>
          <AddressLine1>1999 Broadway Suite 1000</AddressLine1>
          <City>Denver</City>
          <State>CO</State>
          <ZIPCode>80202</ZIPCode>
        </AddressUS>
        <EIN>841559406</EIN>
        <PrimaryActivities>low-inc hsng</PrimaryActivities>
        <LegalDomicileState>CA</LegalDomicileState>
        <ExemptCodeSection>501 (c) (3)</ExemptCodeSection>
        <PublicCharityStatus>9</PublicCharityStatus>
        <DirectControllingEntityName>
          <BusinessNameLine1>NA</BusinessNameLine1>
        </DirectControllingEntityName>
      </Form990ScheduleRPartII>
      <Form990ScheduleRPartII>
        <NameOfDisregardedEntity>
          <BusinessNameLine1>Mercy Portfolio Services</BusinessNameLine1>
        </NameOfDisregardedEntity>
        <AddressUS>
          <AddressLine1>1999 Broadway Suite 1000</AddressLine1>
          <City>Denver</City>
          <State>CO</State>
          <ZIPCode>80202</ZIPCode>
        </AddressUS>
        <EIN>264002114</EIN>
        <PrimaryActivities>low-inc hsng</PrimaryActivities>
        <LegalDomicileState>CO</LegalDomicileState>
        <ExemptCodeSection>501 (c) (3)</ExemptCodeSection>
        <PublicCharityStatus>11c</PublicCharityStatus>
        <DirectControllingEntityName>
          <BusinessNameLine1>NA</BusinessNameLine1>
        </DirectControllingEntityName>
      </Form990ScheduleRPartII>
      <Form990ScheduleRPartII>
        <NameOfDisregardedEntity>
          <BusinessNameLine1>Mercy Housing Properties Inc</BusinessNameLine1>
        </NameOfDisregardedEntity>
        <AddressUS>
          <AddressLine1>1999 Broadway Suite 1000</AddressLine1>
          <City>Denver</City>
          <State>CO</State>
          <ZIPCode>80202</ZIPCode>
        </AddressUS>
        <EIN>841262403</EIN>
        <PrimaryActivities>low-inc hsng</PrimaryActivities>
        <LegalDomicileState>CO</LegalDomicileState>
        <ExemptCodeSection>501 (c) (3)</ExemptCodeSection>
        <PublicCharityStatus>11a</PublicCharityStatus>
        <DirectControllingEntityName>
          <BusinessNameLine1>NA</BusinessNameLine1>
        </DirectControllingEntityName>
      </Form990ScheduleRPartII>
      <Form990ScheduleRPartII>
        <NameOfDisregardedEntity>
          <BusinessNameLine1>Brook Oaks Senior Residences</BusinessNameLine1>
        </NameOfDisregardedEntity>
        <AddressUS>
          <AddressLine1>1999 Broadway Suite 1000</AddressLine1>
          <City>Denver</City>
          <State>CO</State>
          <ZIPCode>80202</ZIPCode>
        </AddressUS>
        <EIN>204295604</EIN>
        <PrimaryActivities>low-inc hsng</PrimaryActivities>
        <LegalDomicileState>TX</LegalDomicileState>
        <ExemptCodeSection>501 (c) (3)</ExemptCodeSection>
        <PublicCharityStatus>7</PublicCharityStatus>
        <DirectControllingEntityName>
          <BusinessNameLine1>NA</BusinessNameLine1>
        </DirectControllingEntityName>
      </Form990ScheduleRPartII>
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        <NameOfDisregardedEntity>
          <BusinessNameLine1>Mercy Commercial Finance Properties</BusinessNameLine1>
        </NameOfDisregardedEntity>
        <AddressUS>
          <AddressLine1>1999 Broadway Suite 1000</AddressLine1>
          <City>Denver</City>
          <State>CO</State>
          <ZIPCode>80202</ZIPCode>
        </AddressUS>
        <EIN>841164880</EIN>
        <PrimaryActivities>low-inc hsng</PrimaryActivities>
        <LegalDomicileState>CO</LegalDomicileState>
        <ExemptCodeSection>501 (c) (3)</ExemptCodeSection>
        <PublicCharityStatus>11a</PublicCharityStatus>
        <DirectControllingEntityName>
          <BusinessNameLine1>NA</BusinessNameLine1>
        </DirectControllingEntityName>
      </Form990ScheduleRPartII>
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        <NameOfDisregardedEntity>
          <BusinessNameLine1>Visitacion Valley Affordable Housing</BusinessNameLine1>
        </NameOfDisregardedEntity>
        <AddressUS>
          <AddressLine1>1999 Broadway Suite 1000</AddressLine1>
          <City>Denver</City>
          <State>CO</State>
          <ZIPCode>80202</ZIPCode>
        </AddressUS>
        <EIN>943273336</EIN>
        <PrimaryActivities>low-inc hsng</PrimaryActivities>
        <LegalDomicileState>CA</LegalDomicileState>
        <ExemptCodeSection>501 (c) (3)</ExemptCodeSection>
        <PublicCharityStatus>11c</PublicCharityStatus>
        <DirectControllingEntityName>
          <BusinessNameLine1>NA</BusinessNameLine1>
        </DirectControllingEntityName>
      </Form990ScheduleRPartII>
      <Form990ScheduleRPartII>
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          <BusinessNameLine1>Mercy Housing Southwest</BusinessNameLine1>
        </NameOfDisregardedEntity>
        <AddressUS>
          <AddressLine1>1999 Broadway Suite 1000</AddressLine1>
          <City>Denver</City>
          <State>CO</State>
          <ZIPCode>80202</ZIPCode>
        </AddressUS>
        <EIN>860743192</EIN>
        <PrimaryActivities>low-inc hsng</PrimaryActivities>
        <LegalDomicileState>AZ</LegalDomicileState>
        <ExemptCodeSection>501 (c) (3)</ExemptCodeSection>
        <PublicCharityStatus>11a</PublicCharityStatus>
        <DirectControllingEntityName>
          <BusinessNameLine1>NA</BusinessNameLine1>
        </DirectControllingEntityName>
      </Form990ScheduleRPartII>
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        <NameOfDisregardedEntity>
          <BusinessNameLine1>Avondale Senior Village</BusinessNameLine1>
        </NameOfDisregardedEntity>
        <AddressUS>
          <AddressLine1>1999 Broadway Suite 1000</AddressLine1>
          <City>Denver</City>
          <State>CO</State>
          <ZIPCode>80202</ZIPCode>
        </AddressUS>
        <EIN>860980810</EIN>
        <PrimaryActivities>low-inc hsng</PrimaryActivities>
        <LegalDomicileState>AZ</LegalDomicileState>
        <ExemptCodeSection>501 (c) (3)</ExemptCodeSection>
        <PublicCharityStatus>11c</PublicCharityStatus>
        <DirectControllingEntityName>
          <BusinessNameLine1>NA</BusinessNameLine1>
        </DirectControllingEntityName>
      </Form990ScheduleRPartII>
      <Form990ScheduleRPartII>
        <NameOfDisregardedEntity>
          <BusinessNameLine1>Camelot Casitas</BusinessNameLine1>
        </NameOfDisregardedEntity>
        <AddressUS>
          <AddressLine1>1999 Broadway Suite 1000</AddressLine1>
          <City>Denver</City>
          <State>CO</State>
          <ZIPCode>80202</ZIPCode>
        </AddressUS>
        <EIN>860980809</EIN>
        <PrimaryActivities>low-inc hsng</PrimaryActivities>
        <LegalDomicileState>AZ</LegalDomicileState>
        <ExemptCodeSection>501 (c) (3)</ExemptCodeSection>
        <PublicCharityStatus>11c</PublicCharityStatus>
        <DirectControllingEntityName>
          <BusinessNameLine1>NA</BusinessNameLine1>
        </DirectControllingEntityName>
      </Form990ScheduleRPartII>
      <Form990ScheduleRPartII>
        <NameOfDisregardedEntity>
          <BusinessNameLine1>Casa de Merced</BusinessNameLine1>
        </NameOfDisregardedEntity>
        <AddressUS>
          <AddressLine1>1999 Broadway Suite 1000</AddressLine1>
          <City>Denver</City>
          <State>CO</State>
          <ZIPCode>80202</ZIPCode>
        </AddressUS>
        <EIN>860808941</EIN>
        <PrimaryActivities>low-inc hsng</PrimaryActivities>
        <LegalDomicileState>AZ</LegalDomicileState>
        <ExemptCodeSection>501 (c) (3)</ExemptCodeSection>
        <PublicCharityStatus>11c</PublicCharityStatus>
        <DirectControllingEntityName>
          <BusinessNameLine1>NA</BusinessNameLine1>
        </DirectControllingEntityName>
      </Form990ScheduleRPartII>
      <Form990ScheduleRPartII>
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          <BusinessNameLine1>Casa de Shanti</BusinessNameLine1>
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        <AddressUS>
          <AddressLine1>1999 Broadway Suite 1000</AddressLine1>
          <City>Denver</City>
          <State>CO</State>
          <ZIPCode>80202</ZIPCode>
        </AddressUS>
        <EIN>860728526</EIN>
        <PrimaryActivities>low-inc hsng</PrimaryActivities>
        <LegalDomicileState>AZ</LegalDomicileState>
        <ExemptCodeSection>501 (c) (3)</ExemptCodeSection>
        <PublicCharityStatus>11c</PublicCharityStatus>
        <DirectControllingEntityName>
          <BusinessNameLine1>NA</BusinessNameLine1>
        </DirectControllingEntityName>
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      <Form990ScheduleRPartII>
        <NameOfDisregardedEntity>
          <BusinessNameLine1>El Mirage Senior</BusinessNameLine1>
        </NameOfDisregardedEntity>
        <AddressUS>
          <AddressLine1>1999 Broadway Suite 1000</AddressLine1>
          <City>Denver</City>
          <State>CO</State>
          <ZIPCode>80202</ZIPCode>
        </AddressUS>
        <EIN>860847975</EIN>
        <PrimaryActivities>low-inc hsng</PrimaryActivities>
        <LegalDomicileState>AZ</LegalDomicileState>
        <ExemptCodeSection>501 (c) (3)</ExemptCodeSection>
        <PublicCharityStatus>11c</PublicCharityStatus>
        <DirectControllingEntityName>
          <BusinessNameLine1>NA</BusinessNameLine1>
        </DirectControllingEntityName>
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      <Form990ScheduleRPartII>
        <NameOfDisregardedEntity>
          <BusinessNameLine1>Mesa Senior Meadows</BusinessNameLine1>
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        <AddressUS>
          <AddressLine1>1999 Broadway Suite 1000</AddressLine1>
          <City>Denver</City>
          <State>CO</State>
          <ZIPCode>80202</ZIPCode>
        </AddressUS>
        <EIN>860897708</EIN>
        <PrimaryActivities>low-inc hsng</PrimaryActivities>
        <LegalDomicileState>AZ</LegalDomicileState>
        <ExemptCodeSection>501 (c) (3)</ExemptCodeSection>
        <PublicCharityStatus>11c</PublicCharityStatus>
        <DirectControllingEntityName>
          <BusinessNameLine1>NA</BusinessNameLine1>
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      <Form990ScheduleRPartII>
        <NameOfDisregardedEntity>
          <BusinessNameLine1>Guadalupe Senior Village</BusinessNameLine1>
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        <AddressUS>
          <AddressLine1>1999 Broadway Suite 1000</AddressLine1>
          <City>Denver</City>
          <State>CO</State>
          <ZIPCode>80202</ZIPCode>
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        <EIN>860897709</EIN>
        <PrimaryActivities>low-inc hsng</PrimaryActivities>
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        <ExemptCodeSection>501 (c) (3)</ExemptCodeSection>
        <PublicCharityStatus>11c</PublicCharityStatus>
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          <BusinessNameLine1>NA</BusinessNameLine1>
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      <Form990ScheduleRPartII>
        <NameOfDisregardedEntity>
          <BusinessNameLine1>Peoria Place</BusinessNameLine1>
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        <AddressUS>
          <AddressLine1>1999 Broadway Suite 1000</AddressLine1>
          <City>Denver</City>
          <State>CO</State>
          <ZIPCode>80202</ZIPCode>
        </AddressUS>
        <EIN>860980811</EIN>
        <PrimaryActivities>low-inc hsng</PrimaryActivities>
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        <ExemptCodeSection>501 (c) (3)</ExemptCodeSection>
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          <BusinessNameLine1>Plazas de Merced</BusinessNameLine1>
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        <AddressUS>
          <AddressLine1>1999 Broadway Suite 1000</AddressLine1>
          <City>Denver</City>
          <State>CO</State>
          <ZIPCode>80202</ZIPCode>
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        <EIN>860758961</EIN>
        <PrimaryActivities>low-inc hsng</PrimaryActivities>
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        <PublicCharityStatus>11c</PublicCharityStatus>
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          <BusinessNameLine1>NA</BusinessNameLine1>
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          <BusinessNameLine1>Vista Alegre</BusinessNameLine1>
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          <AddressLine1>1999 Broadway Suite 1000</AddressLine1>
          <City>Denver</City>
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          <AddressLine1>1999 Broadway Suite 1000</AddressLine1>
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        <EIN>943081666</EIN>
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        <PublicCharityStatus>9</PublicCharityStatus>
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          <AddressLine1>1999 Broadway Suite 1000</AddressLine1>
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        <EIN>942722870</EIN>
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        <PublicCharityStatus>11c</PublicCharityStatus>
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          <BusinessNameLine1>Mercy Housing Lakefront</BusinessNameLine1>
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        <AddressUS>
          <AddressLine1>1999 Broadway Suite 1000</AddressLine1>
          <City>Denver</City>
          <State>CO</State>
          <ZIPCode>80202</ZIPCode>
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          <BusinessNameLine1>NA</BusinessNameLine1>
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        <NameOfDisregardedEntity>
          <BusinessNameLine1>Lavernge Courts LLC</BusinessNameLine1>
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          <AddressLine1>1999 Broadway Suite 1000</AddressLine1>
          <City>Denver</City>
          <State>CO</State>
          <ZIPCode>80202</ZIPCode>
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          <BusinessNameLine1>NA</BusinessNameLine1>
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        <NameOfDisregardedEntity>
          <BusinessNameLine1>Washington Courts LLC</BusinessNameLine1>
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          <AddressLine1>1999 Broadway Suite 1000</AddressLine1>
          <City>Denver</City>
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          <ZIPCode>80202</ZIPCode>
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          <BusinessNameLine1>NA</BusinessNameLine1>
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      <Form990ScheduleRPartII>
        <NameOfDisregardedEntity>
          <BusinessNameLine1>Whitmore Apartments LLC</BusinessNameLine1>
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          <AddressLine1>1999 Broadway Suite 1000</AddressLine1>
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          <BusinessNameLine1>NA</BusinessNameLine1>
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          <BusinessNameLine1>Mercy Housing Ohio Inc</BusinessNameLine1>
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          <AddressLine1>1999 Broadway Suite 1000</AddressLine1>
          <City>Denver</City>
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          <ZIPCode>80202</ZIPCode>
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          <BusinessNameLine1>NA</BusinessNameLine1>
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          <BusinessNameLine1>Mercy Properties Inc (MPI)</BusinessNameLine1>
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          <AddressLine1>1999 Broadway Suite 1000</AddressLine1>
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        <DirectControllingEntityName>
          <BusinessNameLine1>NA</BusinessNameLine1>
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        <NameOfDisregardedEntity>
          <BusinessNameLine1>Mercy Properties II Inc</BusinessNameLine1>
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          <AddressLine1>1999 Broadway Suite 1000</AddressLine1>
          <City>Denver</City>
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          <BusinessNameLine1>NA</BusinessNameLine1>
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        <NameOfDisregardedEntity>
          <BusinessNameLine1>Neary Lagoon Inc</BusinessNameLine1>
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          <AddressLine1>1999 Broadway Suite 1000</AddressLine1>
          <City>Denver</City>
          <State>CO</State>
          <ZIPCode>80202</ZIPCode>
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          <BusinessNameLine1>NA</BusinessNameLine1>
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      <Form990ScheduleRPartII>
        <NameOfDisregardedEntity>
          <BusinessNameLine1>San Juan Housing Corp</BusinessNameLine1>
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          <AddressLine1>1999 Broadway Suite 1000</AddressLine1>
          <City>Denver</City>
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          <ZIPCode>80202</ZIPCode>
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          <BusinessNameLine1>NA</BusinessNameLine1>
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      <Form990ScheduleRPartII>
        <NameOfDisregardedEntity>
          <BusinessNameLine1>Mercy Housing Midwest</BusinessNameLine1>
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          <AddressLine1>1999 Broadway Suite 1000</AddressLine1>
          <City>Denver</City>
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          <BusinessNameLine1>NA</BusinessNameLine1>
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          <BusinessNameLine1>Mercy Crestview Village</BusinessNameLine1>
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          <AddressLine1>1999 Broadway Suite 1000</AddressLine1>
          <City>Denver</City>
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          <BusinessNameLine1>NA</BusinessNameLine1>
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          <BusinessNameLine1>Heartland Housing Initiative (HARP)</BusinessNameLine1>
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          <AddressLine1>1999 Broadway Suite 1000</AddressLine1>
          <City>Denver</City>
          <State>CO</State>
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          <BusinessNameLine1>NA</BusinessNameLine1>
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          <BusinessNameLine1>Mercy House</BusinessNameLine1>
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          <AddressLine1>1999 Broadway Suite 1000</AddressLine1>
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          <BusinessNameLine1>Mercy Northglen</BusinessNameLine1>
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          <AddressLine1>1999 Broadway Suite 1000</AddressLine1>
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          <BusinessNameLine1>Mercy Oakwood Gardens</BusinessNameLine1>
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          <AddressLine1>1999 Broadway Suite 1000</AddressLine1>
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          <BusinessNameLine1>Mercy Midwest Properties (Ridgeview)</BusinessNameLine1>
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          <AddressLine1>1999 Broadway Suite 1000</AddressLine1>
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          <AddressLine1>1999 Broadway Suite 1000</AddressLine1>
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          <AddressLine1>1999 Broadway Suite 1000</AddressLine1>
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          <BusinessNameLine1>Mercy Housing 2904 N 45th St Omaha</BusinessNameLine1>
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          <AddressLine1>1999 Broadway Suite 1000</AddressLine1>
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          <BusinessNameLine1>Mercy Housing CalWest</BusinessNameLine1>
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          <AddressLine1>1999 Broadway Suite 1000</AddressLine1>
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          <BusinessNameLine1>Mercy Bond Properties Nebraska I</BusinessNameLine1>
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          <AddressLine1>1999 Broadway Suite 1000</AddressLine1>
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      <GiftGrantOrCapContrFrOtherOrg>false</GiftGrantOrCapContrFrOtherOrg>
      <LoansOrGuaranteesToOtherOrg>false</LoansOrGuaranteesToOtherOrg>
      <LoansOrGuaranteesFromOtherOrg>false</LoansOrGuaranteesFromOtherOrg>
      <SaleOfAssetsToOtherOrg>false</SaleOfAssetsToOtherOrg>
      <PurchaseOfAssetsFromOtherOrg>false</PurchaseOfAssetsFromOtherOrg>
      <ExchangeOfAssets>false</ExchangeOfAssets>
      <RentalOfFacilitiesToOtherOrgs>false</RentalOfFacilitiesToOtherOrgs>
      <RentalOfFacilitiesFrOtherOrgs>false</RentalOfFacilitiesFrOtherOrgs>
      <PerformOfServicesForOtherOrgs>false</PerformOfServicesForOtherOrgs>
      <PerformOfServicesByOtherOrgs>false</PerformOfServicesByOtherOrgs>
      <SharingOfFacilities>false</SharingOfFacilities>
      <SharingOfPaidEmployees>false</SharingOfPaidEmployees>
      <ReimbursementPaidToOtherOrg>false</ReimbursementPaidToOtherOrg>
      <ReimbursementPaidByOtherOrg>false</ReimbursementPaidByOtherOrg>
      <OtherTransferToOtherOrg>false</OtherTransferToOtherOrg>
      <OtherTransferFromOtherOrg>false</OtherTransferFromOtherOrg>
    </IRS990ScheduleR>
  </ReturnData>
</Return>