Attach to Form 990 or Form 990-EZ.
Go to
www.irs.gov/Form990 for instructions and the latest information.
| (i) Name of supported organization | (ii) EIN | (iii) Type of organization (described on lines 1- 10 above (see instructions)) | (iv) Is the organization listed in your governing document? | (v) Amount of monetary support (see instructions) | (vi) Amount of other support (see instructions) | |
|---|---|---|---|---|---|---|
| Yes | No | |||||
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Total |
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Calendar year
(or fiscal year beginning in)
![]() |
(a) 2020 | (b) 2021 | (c) 2022 | (d) 2023 | (e) 2024 | (f) Total | |
|---|---|---|---|---|---|---|---|
| 1 | Gifts, grants, contributions, and membership fees received. (Do not include any "unusual grant.") .. | ||||||
| 2 | Tax revenues levied for the organization's benefit and either paid to or expended on its behalf .... | ||||||
| 3 | The value of services or facilities furnished by a governmental unit to the organization without charge.. | ||||||
| 4 | Total. Add lines 1 through 3 | ||||||
| 5 | The portion of total contributions by each person (other than a governmental unit or publicly supported organization) included on line 1 that exceeds 2% of the amount shown on line 11, column (f) .. | ||||||
| 6 | Public support. Subtract line 5 from line 4. | ||||||
Calendar year
(or fiscal year beginning in)
![]() |
(a) 2020 | (b) 2021 | (c) 2022 | (d) 2023 | (e) 2024 | (f) Total | |
|---|---|---|---|---|---|---|---|
| 7 | Amounts from line 4.. | ||||||
| 8 | Gross income from interest, dividends, payments received on securities loans, rents, royalties and income from similar sources... | ||||||
| 9 | Net income from unrelated business activities, whether or not the business is regularly carried on.. | ||||||
| 10 | Other income. Do not include gain or loss from the sale of capital assets (Explain in Part VI.).. | ||||||
| 11 | Total support. Add lines 7 through 10 | ||||||
Calendar year (or fiscal
year beginning in) ![]() |
(a) 2020 | (b) 2021 | (c) 2022 | (d) 2023 | (e) 2024 | (f) Total | |
|---|---|---|---|---|---|---|---|
| 1 | Gifts, grants, contributions, and membership fees received. (Do not include any "unusual grants.") . | 34,312,619 | 28,270,258 | 20,673,350 | 12,169,728 | 57,985,559 | 153,411,514 |
| 2 | Gross receipts from admissions, merchandise sold or services performed, or facilities furnished in any activity that is related to the organization's tax-exempt purpose | 62,938,225 | 65,694,222 | 71,834,111 | 79,095,228 | 83,041,676 | 362,603,462 |
| 3 | Gross receipts from activities that are not an unrelated trade or business under section 513 ..... | ||||||
| 4 | Tax revenues levied for the organization's benefit and either paid to or expended on its behalf... | ||||||
| 5 | The value of services or facilities furnished by a governmental unit to the organization without charge | ||||||
| 6 | Total. Add lines 1 through 5 | 97,250,844 | 93,964,480 | 92,507,461 | 91,264,956 | 141,027,235 | 516,014,976 |
| 7a | Amounts included on lines 1, 2, and 3 received from disqualified persons | 2,963,866 | 2,097,615 | 8,253,408 | 3,146,066 | 543,000 | 17,003,955 |
| b | Amounts included on lines 2 and 3 received from other than disqualified persons that exceed the greater of $5,000 or 1% of the amount on line 13 for the year. | 0 | |||||
| c | Add lines 7a and 7b.. | 2,963,866 | 2,097,615 | 8,253,408 | 3,146,066 | 543,000 | 17,003,955 |
| 8 | Public support. (Subtract line 7c from line 6.) | 499,011,021 | |||||
Calendar year
(or fiscal year beginning in)
![]() |
(a) 2020 | (b) 2021 | (c) 2022 | (d) 2023 | (e) 2024 | (f) Total | |
|---|---|---|---|---|---|---|---|
| 9 | Amounts from line 6... | 97,250,844 | 93,964,480 | 92,507,461 | 91,264,956 | 141,027,235 | 516,014,976 |
| 10a | Gross income from interest, dividends, payments received on securities loans, rents, royalties and income from similar sources.. | 21,142,479 | 9,961,616 | 24,344,729 | 28,620,099 | 27,460,041 | 111,528,964 |
| b | Unrelated business taxable income (less section 511 taxes) from businesses acquired after June 30, 1975. | ||||||
| c | Add lines 10a and 10b. | 21,142,479 | 9,961,616 | 24,344,729 | 28,620,099 | 27,460,041 | 111,528,964 |
| 11 | Net income from unrelated business activities not included on line 10b, whether or not the business is regularly carried on. | ||||||
| 12 | Other income. Do not include gain or loss from the sale of capital assets (Explain in Part VI.) .. | ||||||
| 13 | Total support. (Add lines 9, 10c, 11, and 12.).. | 118,393,323 | 103,926,096 | 116,852,190 | 119,885,055 | 168,487,276 | 627,543,940 |
| Section A - Adjusted Net Income | (A) Prior Year |
(B) Current Year (optional) |
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| 1 | Net short-term capital gain | 1 | ||||
| 2 | Recoveries of prior-year distributions | 2 | ||||
| 3 | Other gross income (see instructions) | 3 | ||||
| 4 | Add lines 1 through 3 | 4 | ||||
| 5 | Depreciation and depletion | 5 | ||||
| 6 | Portion of operating expenses paid or incurred for production or collection of gross income or for management, conservation, or maintenance of property held for production of income (see instructions) | 6 | ||||
| 7 | Other expenses (see instructions) | 7 | ||||
| 8 | Adjusted Net Income (subtract lines 5, 6 and 7 from line 4) | 8 | ||||
| Section B - Minimum Asset Amount | (A) Prior Year |
(B) Current Year (optional) |
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| 1 | Aggregate fair market value of all non-exempt-use assets (see instructions for short tax year or assets held for part of year): | 1 | ||||
| a | Average monthly value of securities | 1a | ||||
| b | Average monthly cash balances | 1b | ||||
| c | Fair market value of other non-exempt-use assets | 1c | ||||
| d | Total (add lines 1a, 1b, and 1c) | 1d | ||||
| e |
Discount claimed for blockage or other factors (explain in detail in Part VI): |
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| 2 | Acquisition indebtedness applicable to non-exempt use assets | 2 | ||||
| 3 | Subtract line 2 from line 1d | 3 | ||||
| 4 | Cash deemed held for exempt use. Enter 0.015 of line 3 (for greater amount, see instructions). | 4 | ||||
| 5 | Net value of non-exempt-use assets (subtract line 4 from line 3) | 5 | ||||
| 6 | Multiply line 5 by 0.035 | 6 | ||||
| 7 | Recoveries of prior-year distributions | 7 | ||||
| 8 | Minimum Asset Amount (add line 7 to line 6) | 8 | ||||
| Section C - Distributable Amount | Current Year | |||||
| 1 | Adjusted net income for prior year (from Section A, line 8, Column A) | 1 | ||||
| 2 | Enter 85% of line 1 | 2 | ||||
| 3 | Minimum asset amount for prior year (from Section B, line 8, Column A) | 3 | ||||
| 4 | Enter greater of line 2 or line 3 | 4 | ||||
| 5 | Income tax imposed in prior year | 5 | ||||
| 6 | Distributable Amount. Subtract line 5 from line 4, unless subject to emergency temporary reduction (see instructions) | 6 | ||||
| Section D - Distributions | Current Year | |
|---|---|---|
| 1 Amounts paid to supported organizations to accomplish exempt purposes | 1 | |
|
2
Amounts paid to perform activity that directly furthers exempt purposes of supported organizations, in excess of income from activity |
2 | |
| 3 Administrative expenses paid to accomplish exempt purposes of supported organizations | 3 | |
| 4 Amounts paid to acquire exempt-use assets | 4 | |
| 5 Qualified set-aside amounts (prior IRS approval required - provide details in Part VI) | 5 | |
| 6 Other distributions (describe in Part VI). See instructions | 6 | |
| 7Total annual distributions. Add lines 1 through 6. | 7 | |
|
8
Distributions to attentive supported organizations to which the organization is responsive (provide details in Part VI). See instructions |
8 | |
| 9 Distributable amount for 2024 from Section C, line 6 | 9 | |
| 10 Line 8 amount divided by Line 9 amount | 10 | |
| Section E - Distribution Allocations (see instructions) |
(i) Excess Distributions |
(ii) Underdistributions Pre-2024 |
(iii) Distributable Amount for 2024 |
|
|---|---|---|---|---|
| 1 Distributable amount for 2024 from Section C, line 6 | ||||
|
2
Underdistributions, if any, for years prior to 2024 (reasonable cause required-- explain in Part VI).
See instructions. |
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| 3 Excess distributions carryover, if any, to 2024: | ||||
| a From 2019....... | ||||
| b From 2020....... | ||||
| c From 2021....... | ||||
| d From 2022....... | ||||
| e From 2023....... | ||||
| fTotal of lines 3a through e | ||||
| g Applied to underdistributions of prior years | ||||
| h Applied to 2024 distributable amount | ||||
|
i
Carryover from 2019 not applied (see instructions) |
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| j Remainder. Subtract lines 3g, 3h, and 3i from line 3f. | ||||
| 4Distributions for 2024 from Section D, line 7: | ||||
| $ | ||||
| a Applied to underdistributions of prior years | ||||
| b Applied to 2024 distributable amount | ||||
| c Remainder. Subtract lines 4a and 4b from line 4. | ||||
|
5
Remaining underdistributions for years prior to 2024, if any. Subtract lines 3g and 4a from line 2. If the amount is greater than zero, explain in Part VI. See instructions. |
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|
6
Remaining underdistributions for 2024. Subtract lines 3h and 4b from line 1. If the amount is greater than zero, explain in Part VI. See instructions. |
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7 Excess distributions carryover to 2025. Add lines 3j and 4c. |
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| 8 Breakdown of line 7: | ||||
| a Excess from 2020..... | ||||
| b Excess from 2021..... | ||||
| c Excess from 2022..... | ||||
| d Excess from 2023..... | ||||
| e Excess from 2024..... | ||||
| Facts And Circumstances Test |
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| Return Reference | Explanation |
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| Software Version: |
| Return Reference | Explanation |
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| FORM 990, PART VI, SECTION A, LINE 4 | THE 2022 BYLAWS REFLECTED A SIGNIFICANT MODERNIZATION OF THE CORPORATION'S GOVERNANCE FRAMEWORK. REVISIONS TO THE PURPOSE CLAUSE CLARIFIED THAT THE CORPORATION MAY MAKE DISTRIBUTIONS TO OTHER ORGANIZATIONS THAT QUALIFY AS EXEMPT UNDER SECTION 501(C)(3) AND AFFIRMED THAT THE CORPORATION'S ACTIVITIES WILL BE CONDUCTED IN ACCORDANCE WITH CATHOLIC TEACHINGS AND PRACTICES AS DETERMINED BY THE ARCHBISHOP OF CHICAGO. THE 2022 BYLAWS ALSO MORE CLEARLY DEFINED THE ROLE OF THE CORPORATE MEMBER BY ESTABLISHING RESERVE POWERS, OUTLINING HOW THOSE POWERS ARE EXERCISED, REQUIRING AN ANNUAL MEETING, AND PERMITTING A NON-VOTING REPRESENTATIVE TO ATTEND BOARD MEETINGS. IN ADDITION, THE BYLAWS UPDATED THE STRUCTURE OF THE BOARD OF DIRECTORS BY EXPANDING BOARD SIZE, INTRODUCING DIRECTOR CLASSES AND TERM LIMITS, AND STRENGTHENING INDEPENDENCE STANDARDS. THE OFFICER STRUCTURE WAS LIKEWISE UPDATED TO PERMIT THE ROLES OF PRESIDENT AND EXECUTIVE DIRECTOR TO BE COMBINED OR SEPARATED, AS DETERMINED BY THE CORPORATE MEMBER. COMMITTEE OVERSIGHT WAS ALSO EXPANDED THROUGH THE CREATION OF STANDING BODIES, INCLUDING THE INVESTMENT COMMITTEE, NOMINATING COMMISSION, COMPENSATION COMMISSION, AND AUDIT COMMISSION. IN 2023, THE PURPOSE CLAUSE WAS FURTHER REFINED TO STATE THAT THE ASSETS AND FUNDS OF THE CORPORATION SHALL BE USED EXCLUSIVELY FOR THE USE AND SUPPORT OF MISERICORDIA HOME. IN DECEMBER 2024, THE BYLAWS WERE AMENDED TO REVISE CERTAIN RESERVE POWERS. THESE CHANGES INCREASED THE APPROVAL THRESHOLD FOR EXPENDITURES FROM $2 MILLION TO $10 MILLION AND ADDED APPROVAL REQUIREMENTS FOR THE SALE OF REAL ESTATE VALUED AT MORE THAN $750,000. IN APRIL 2025, THE PURPOSE CLAUSE WAS EXPANDED AGAIN TO INCLUDE LANGUAGE RELATED TO AFFORDABLE HOUSING. THESE BYLAW REVISIONS REFLECT AN ONGOING EFFORT TO STRENGTHEN GOVERNANCE, CLARIFY OVERSIGHT AUTHORITIES, AND ALIGN THE CORPORATION'S GOVERNING DOCUMENTS WITH ITS MISSION AND EVOLVING STRATEGIC PRIORITIES. |
| FORM 990, PART VI, SECTION A, LINE 6 | THE VOTING MEMBER IS THE CATHOLIC BISHOP OF CHICAGO. |
| FORM 990, PART VI, SECTION A, LINE 7A | THE CORPORATE MEMBER SHALL EXERCISE THE FOLLOWING RESERVE POWERS AND HAVE THE AUTHORITY TO: (A) APPOINT, REMOVE, AND ESTABLISH COMPENSATION AND BENEFITS FOR THE PRESIDENT AND EXECUTIVE DIRECTOR; (B) WITH DUE CONSIDERATION OF NOMINATED CANDIDATES AS SUBMITTED BY THE CORPORATION'S BOARD OF DIRECTORS, APPOINT AND REMOVE THE DIRECTORS OF THE CORPORATION AND THE CHAIRPERSON OF THE BOARD (THE CHAIR OF THE BOARD). |
| FORM 990, PART VI, SECTION A, LINE 8B | EXCEPT AS PROVIDED BELOW WITH REGARD TO THE INVESTMENT COMMITTEE, NO SUCH COMMITTEE, COMMISSION OR ADVISORY BODY SHALL HAVE OR EXERCISE THE AUTHORITY OF THE BOARD OF DIRECTORS IN OVERSIGHT OF THE MANAGEMENT OF THE CORPORATION, NOR SHALL THE APPOINTMENT OF ANY SUCH COMMITTEE, COMMISSION OR ADVISORY BODY OPERATE TO RELIEVE THE BOARD OF DIRECTORS OF ANY RESPONSIBILITY IMPOSED UPON IT BY LAW. (A) INVESTMENT COMMITTEE. THERE SHALL BE AN INVESTMENT COMMITTEE TO ASSIST THE BOARD WITH MAKING ITS DECISIONS ON ALL INVESTMENT-RELATED MATTERS, INCLUDING POLICY AND STRATEGY MATTERS, SUBJECT TO APPROVAL OF THE CORPORATE MEMBER PURSUANT TO ARTICLE III SECTION 2. IN ADDITION, THE INVESTMENT COMMITTEE SHALL ACT WITH THE AUTHORITY OF THE BOARD TO APPROVE IMPLEMENTATION OF THE INVESTMENT POLICY IN CONSULTATION WITH THE CORPORATION'S INDEPENDENT INVESTMENT CONSULTANT, INCLUDING SELECTION OR DISMISSAL OF INVESTMENT MANAGERS FOR PORTIONS OF THE PORTFOLIO, AND REVIEW OF SUCH MANAGERS FOR COMPLIANCE AND PERFORMANCE RELATIVE TO OBJECTIVES. |
| FORM 990, PART VI, SECTION B, LINE 11B | A PUBLIC DISCLOSURE COPY OF THE FORM 990 WAS PROVIDED TO THE BOARD OF DIRECTORS. THE PROCESS BEGINS WITH THE DIRECTOR OF FINANCE PREPARING THE INFORMATION TO COMPLETE THE RETURN. THE THIRD PARTY TAX PREPARER PREPARES AND REVIEWS THE FORM 990. AFTER THE CFO REVIEWS, A PUBLIC DISCLOSURE COPY OF THE FORM 990 IS PROVIDED TO THE BOARD OF DIRECTORS FOR REVIEW. |
| FORM 990, PART VI, SECTION B, LINE 12C | ANNUALLY THE BOARD OF DIRECTORS AND UPPER MANAGEMENT SIGN A CONFLICT OF INTEREST STATEMENT. THE MEMBERS OF THE BOARD OF DIRECTORS AND UPPER MANAGEMENT HAVE AGREED TO ABIDE BY THE TERMS OF THE CONFLICT OF INTEREST STATEMENT PREPARED BY THE ARCHDIOCESE OF CHICAGO, THE BOARD MEMBERS AND UPPER MANAGEMENT ARE ALSO AWARE AND AGREE TO THE MISERICORDIA CODE OF ETHICS, IN THE EVENT OF AN ALLEGATION OR APPEARANCE OF ANY CONFLICT OF INTEREST OR CODE OF ETHICS VIOLATION, THE MATTER WILL BE INVESTIGATED BY THE BOARD PRESIDENT WHO WILL TAKE APPROPRIATE ADMINISTRATIVE ACTION, IF AN ALLEGATION OR APPEARANCE OF CONFLICT OF INTEREST OR CODE OF ETHICS VIOLATION IS NOTED ON THE PART OF THE BOARD PRESIDENT, THE BOARD VICE-PRESIDENT WILL CONDUCT THE INVESTIGATION AND WITH THE OTHER DIRECTORS WILL DETERMINE THE APPROPRIATE ACTION. |
| FORM 990, PART VI, SECTION B, LINE 15 | THE COMPENSATION REVIEW BEGINS AT THE BOARD OF DIRECTORS LEVEL. THERE IS AN INDEPENDENT SURVEY AND THE BOARD APPROVES COMPENSATION ANNUALLY. |
| FORM 990, PART VI, SECTION C, LINE 19 | UPON REQUEST, MISERICORDIA FURNISHES THE GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS. |
| FORM 990, PART XI, LINE 9: | TRANFER TO MISERICORDIA FOUNDATION -665,859,189. |
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