About Mercy Housing Lakefront
To create stable, vibrant, and healthy communities by developing, financing, and operating affordable, program-enriched housing for families, seniors, and people with special needs who lack the economic resources to access quality, safe housing opportunities.
Focus Areas
Affordable housingSupportive housing / services-enriched housingResident services (health & wellness, financial capability, education)SeniorsVeteransPeople exiting homelessness / formerly homelessCommunity developmentHealthcare partnerships
Who They Fund
low-income householdseconomically disadvantaged familiesrenters with limited income
About Mercy Housing Lakefront
Mercy Housing Lakefront’s recent grantmaking is centered on low-income housing, with a clear pattern of capital support for specific apartment partnerships and rehabilitation projects. The largest grants in the file go to 5042 Winthrop Apartments LP at $430,775 in 2025 and Near North Limited Partnership at $403,733 in 2025, both in Denver, showing a focus on housing development rather than broad unrestricted giving. Chicago projects also appear repeatedly, including Schiff Residencesnear North, Englewood Apartments, Wentworth, Delmar Apartments, South Loop Apartments, Wicker Park Renaissance, Holland Apartments, and Roseland Limited Partnership. That mix suggests a portfolio built around affordable rental housing in a few concentrated markets, with repeated support for the same properties over multiple years. The foundation’s stated purpose is to create stable, vibrant, and healthy communities by developing, financing, and operating affordable, program-enriched housing for families, seniors, and people with special needs who lack the economic resources to access quality, safe housing opportunities. Its recent grants align with that mission through project-level awards tied to housing entities and apartment communities. Because the recipients are limited partnerships and housing-related organizations, the pattern points to direct support for development, construction, preservation, and housing operations rather than individual aid or small general grants.
What Mercy Housing Lakefront Funds
Affordable housing is the dominant theme in Mercy Housing Lakefront’s recent grants. In 2025, it gave $430,775 to 5042 Winthrop Apartments LP for low-income housing, and it backed Near North Limited Partnership with $403,733 for the same purpose. Those awards fit a capital-oriented model that supports specific properties rather than broad programmatic grants. The foundation also shows repeated support for preservation and rehabilitation projects. Schiff Residencesnear North received $380,199 in 2023 and $350,222 in 2023, while Englewood Apartments received $315,120 and $307,049 in 2023. South Loop Apartments appears across both 2023 and 2024 with multiple awards, including $161,422, $149,262, and $142,145. Chicago-specific housing work is another visible theme. Wicker Park Renaissance received $92,904 in 2025 and $91,460 in 2024, and Renaissance Social Services Inc received $90,111 in 2023. These grants reinforce a place-based housing strategy tied to low-income housing projects and related service-oriented housing partners.
Financial Snapshot
Annual Giving
$1.8M
Total Assets
$70.1M
Total Revenue
$28M
Total Expenses
$17.4M
Typical Grant Size
Most grants fall between $28K and $289K, with a median of $91K.
25th Percentile
$28K
Median
$91K
75th Percentile
$289K
Geographic Reach
Regional3 states funded
Funding intensity
LowHigh
Headquarters
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