2012-04-26T07:59:03-05:00 2011-06-30 KPMG LLP 300 North Greene Street Suite 400 Greensboro NC 27401 990 2010-07-01 582445350 MERCER HOUSING CORPORATION MERC 4783012710 1400 COLEMAN AVENUE MACON GA 31207 JAMES S NETHERTON 2012-04-23 3362753394 2010 2016-02-24 21:20:13Z William D Underwood 1400 COLEMAN AVENUE Macon GA 31207 6140318 false X www.mercer.edu X 1999 GA THE MERCER HOUSING CORPORATION IS ORGANIZAED AND OPERATED EXCLUSIVELY FOR THE BENFIT OF, TO PERFORM THE FUNCTIONS OF, AND TO CARRY OUT THE PURPOSES OF THE CORPORATION OF MERCER UNIVERSITY. 5 3 0 3 0 0 0 0 5552818 5969433 161171 166133 8471 4752 5722460 6140318 0 0 0 0 0 0 0 0 0 5047077 4850049 5047077 4850049 675383 1290269 32995772 32760468 31413159 29887586 1582613 2872882 THE MERCER HOUSING CORPORATION IS ORGANIZED AND OPERATED EXCLUSIVELY FOR THE BENEFIT OF, TO PERFORM THE FUNCTIONS OF, AND TO CARRY OUT THE PURPOSES OF THE CORPORATION OF MERCER UNIVERSITY, A FAITH-BASED INSTITUTION OF HIGHER EDUCATION AND AN ORGANIZATION DESCRIBED IN SECTION 501(C)(3) OF THE CODE (THE "UNIVERSITY"), BY UNDERTAKING ACTIVITIES THAT WOULD OTHERWISE NORMALLY BE UNDERTAKEN BY THE UNIVERSITY INCLUDING, BUT NOT LIMITED TO, EDUCATIONAL ACTIVITIES SUCH AS PROVIDING HOUSING FOR STUDENTS, FACULTY, AND STAFF OF THE UNIVERSITY. false false 4850049 6140318 Operations and Maintenance of the housing facilities 4850049 true false false false false false false false false true false true false false false true false false false false false false false false false false false false true false false false false false false false false false false false false false true false false false false true 0 0 true 0 false false false false false false false false false false false X 5 3 false true false false false false false true true true false true true true true false false false false false GA X JULIA T DAVIS 4783012710 1400 COLEMAN AVENUE Macon GA 31207 X WILLIAM D UNDERWOOD 1.0 X X 0 352289 46270 JAMES S NETHERTON 1.0 X X 0 267427 44847 CHARLOTTE MCMULLAN 1.0 X 0 0 0 DONALD L MOORE 1.0 X 0 0 0 CHRIS R SHERIDAN 1.0 X 0 0 0 0 619716 91117 0 false true false Georgia Power PO Box 102473 68 Annex ATLANTA GA 30396 utilities 375886 National Management Resources Corp PO Box 1224 LAGRANGE GA 30241 custodial 142515 Macon Water Authority PO BOX 108 MACON GA 31298 utilities 116506 3 0 RENTAL INCOME 900099 5969433 5969433 0 0 5969433 166133 0 0 166133 0 0 0 0 0 0 COLLECTION FEE INCOME 900099 4752 4752 0 0 4752 6140318 5974185 0 166133 0 0 0 0 0 0 0 0 0 0 342438 342438 0 0 0 40000 40000 0 0 0 0 0 0 0 25017 25017 0 0 0 0 0 8389 8389 0 0 0 0 1813950 1813950 0 0 0 1013952 1013952 0 0 0 POSTAGE & SHIPPING 158 158 OPERATIONS & MAINTENANCE 1484525 1484525 TELEPHONE 108952 108952 PROGRAMS & EVENTS 7186 7186 LOAN ADMINISTRATION 5482 5482 4850049 4850049 0 0 4171902 4859848 180754 291468 35014225 10590980 25437197 24423245 2662975 2662975 542944 522932 32995772 32760468 151686 147610 260340 91650 31001133 29648326 0 0 31413159 29887586 X 1582613 2872882 1582613 2872882 32995772 32760468 1290269 X false true true X false X X X false false false THE CORPORATION OF MERCER UNIVERSITY 580566167 02 true true true 0 1 0 33955833 9920531 24035302 1050702 663874 386828 7690 6575 1115 0 24423245 REPURCHASE AGGREEMENT 1207619 F FEDERAL HOME LOAN BANK NOTE 1455356 F 2662975 6140318 4850049 1290269 1290269 6140318 6140318 6140318 4850049 4850049 4850049 PROGRAM RELATED INVESTMENTS FORM 990, SCHEDULE D, PART VIII THE REPURCHASE AGREEMENT AND FEDERAL HOME LOAN BANK NOTE ARE RECORDED AT FAIR MARKET VALUE WHICH APPROXIMATES HISTORICAL COST DUE TO THE NATURE AND TERMS OF THESE INVESTMENTS. THESE INVESTMENTS CAN ONLY BE USED FOR PRINCIPAL AND INTEREST PAYMENTS ON THE BONDS PAYBALE, WHICH ARE USED TO FURTHER THE EXEMPT PURPOSE OF THE ORGANIZATION. false false false false false false false false false WILLIAM D UNDERWOOD 0 352289 0 0 0 0 0 24263 0 22007 0 398559 0 JAMES S NETHERTON 0 267427 0 0 0 0 0 24500 0 20347 0 312274 0 tax-exmept bonds payable FORM 990, PART IV, LINE 24; FORM 990 PART X, LINE 20; AND, SCHEDULE K MERCER HOUSING CORPORATION HAD $29,648,326 IN TAX-EXEMPT BOND LIABILITIES OUTSTANDING AT JUNE 30, 2011. HOWEVER THIS AMOUNT IS COMPRISED ENTIRELY OF BONDS ISSUED BEFORE DECEMBER 31, 2002. THEREFORE NO DISCLOSURE IS REQUIRED ON SCHEDULE K AND THE AMOUNT DUE IS REPORTED ON LINE 20 OF PART X ONLY. Board Member Contact Information Form 990, Part VI, Section A, Line 9 All Mercer Housing Corporation board members may be reached at the organization's mailing address, with the exception of the following individuals: Charlotte McMullan 1094 Georgia Avenue Macon, GA 31201 Chris R. Sheridan 1572 Schofield Street Macon, GA 31201 Donald L. Moore Sun Tust Bank, GA 606 Cherry Steet Macon, GA 31201 BOARD REVIEW OF THE FORM 990 FORM 990, PART VI, SECTION B, LINE 11 MERCER HOUSING CORPORATION'S INDEPENDENT ACCOUNTANT PREPARED THE RETURN AND REVIEWED THE RETURN WITH THE ORGANIZATION PRIOR TO FILING. A COPY OF THE FINALIZED FORM 990 WAS PROVIDED TO THE ORGANIZATION'S BOARD OF DIRECTORS PRIOR TO FILING. Conflict of Interest, Whistleblower, and Document Retention Policies Form 990, Part VI, Section B, Questions 12-14 The Conflict of Interest Policy for Directors and Officers requires that each director and officer disclose "those substantive relationships that they maintain (or members of their families maintain) with organizations that do business with the Corporation, or that otherwise could be construed to potentially affect their independent, unbiased judgment in light of their decision-making authority or responsibility." A Conflict of Interest Disclosure Form is completed by all directors and officers at each annual meeting, and the forms are collected and held by the Secretary of the Corporation. Mercer Housing Corporation does not have employees but contracts Mercer University under a legal management agreement. Mercer University manages all of the affairs of the housing corporation pursuant to this management agreement. Mercer University has a whistleblower policy that would apply to Mercer University employees that manage Mercer Housing Corporation under the management agreement. All documents pertaining to Mercer Housing Corporation are maintained in accordance with Mercer University's existing document retention policies. PUBLIC INSPECTION FORM 990, PART VI, SECTION C, LINE 19 MERCER HOUSING CORPORATION DOES NOT MAKE ITS GOVERNING DOCUMENTS OR POLICIES AVAILABLE TO THE GENERAL PUBLIC. MERCER HOUSING CORPORATION DOES MAKE ITS AUDITED FINANCIAL STATEMENTS ELECTRONICALLY AVAILABLE ON THE MUNICIPAL SECURITIES RULEMAKING BOARD'S WEBSITE (HTTP://WWW.MSRB.ORG). Mercer Housing Corporation provides annual audited statements and other various financial information such as occupancy, rental rates, and annual budgets. OFFICER COMPENSATION FORM 990, PART VII MERCER HOUSING CORPORATION DOES NOT COMPENSATE ANY OF ITS OFFICERS OR DIRECTORS. MANAGEMENT DUTY DELEGATION FORM 990, PART VI, SECTION A, LINE 3 MERCER HOUSING CORPORATION HAS A CONTRACT WITH MERCER UNIVERSITY TO MANAGE STUDENT APARTMENTS. The Corporation of Mercer University 1400 Coleman Avenue Macon GA 31207 580566167 Education GA 501(C)(3) 2 na false false false false false false false false false true false false false true false false false false