Urban Land Conservancy
- Assets
- $145.0m
- Revenue
- $12.6m
- Investments
- $3.8m
- Employees
- 23
- Location
- Denver, CO
- Founding
- 07/2005
- Data as of
- 12/2023
- EIN
- 20-0405066
Organization Overview
Urban Land Conservancy is located in Denver, CO. The organization was established in 2005. According to its NTEE Classification (S20) the organization is classified as: Community & Neighborhood Development, under the broad grouping of Community Improvement & Capacity Building and related organizations. As of 12/2023, Urban Land Conservancy employed 23 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Urban Land Conservancy is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2023, Urban Land Conservancy generated $12.6m in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 9.3% each year. All expenses for the organization totaled $11.4m during the year ending 12/2023. While expenses have increased by 7.8% per year over the past 9 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
ULC MANAGES AFFORDABLE REAL ESTATE TO POSITIVELY IMPACT LIVES AND COMMUNITIES IN COLORADO.
Describe the Organization's Program Activity:
Part 3 - Line 4a
URBAN REVITALIZATION: ULC IS CREATING, RENOVATING AND PRESERVING RESIDENTIAL AND COMMERCIAL BUILDINGS TO PROMOTE LONG-TERM AFFORDABILITY.
LAND BANKING: ULC PURCHASES PROPERTY TO LAND BANK AND TO SUPPORT LONG-TERM NEIGHBORHOOD STABILIZATION AND OTHER COMMUNITY NEEDS.
AFFORDABLE HOUSING: URBAN LAND CONSERVANCY (ULC) BUYS EXISTING PROPERTIES AND LAND TO PRESERVE AND DEVELOP PERMANENT AFFORDABLE HOUSING.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Dawn Bookhardt Chair | OfficerTrustee | 0.5 | $0 |
Rob Holway Treasurer | OfficerTrustee | 0.5 | $0 |
Creighton Ward Secretary | OfficerTrustee | 0.5 | $0 |
Eric Duran Director | Trustee | 0.5 | $0 |
Matt Barry Director | Trustee | 0.5 | $0 |
Tim Howard Director | Trustee | 0.5 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Green Works Lawn And Leaf Landscaping/snow Removal | 12/30/23 | $164,173 |
Plante & Moran Pllc Audit & Tax Services | 12/30/23 | $126,155 |
Richard Woodruff Financial Consulting | 12/30/23 | $125,287 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $116,667 |
| All other contributions, gifts, grants, and similar amounts not included above | $370,752 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $487,419 |
| Total Program Service Revenue | $9,426,018 |
| Investment income | $356,440 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $2,315,561 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $12,640,882 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $726,982 |
| Compensation of current officers, directors, key employees. | $208,404 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $499,331 |
| Pension plan accruals and contributions | $83,358 |
| Other employee benefits | $255,835 |
| Payroll taxes | $163,313 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $92,667 |
| Fees for services: Accounting | $247,195 |
| Fees for services: Lobbying | $22,000 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $68,319 |
| Fees for services: Other | $595,681 |
| Advertising and promotion | $31,261 |
| Office expenses | $20,958 |
| Information technology | $95,474 |
| Royalties | $0 |
| Occupancy | $1,952,555 |
| Travel | $54,930 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $32,947 |
| Interest | $1,786,030 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $2,663,339 |
| Insurance | $0 |
| All other expenses | $44,310 |
| Total functional expenses | $11,429,527 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $497,325 |
| Savings and temporary cash investments | $10,343,184 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $2,754,843 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $14,511,584 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $319,658 |
| Net Land, buildings, and equipment | $6,116,357 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $3,845,434 |
| Investments—program-related | $105,648,412 |
| Intangible assets | $0 |
| Other assets | $926,884 |
| Total assets | $144,963,681 |
| Accounts payable and accrued expenses | $2,645,745 |
| Grants payable | $0 |
| Deferred revenue | $3,315,761 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $63,966,072 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $840,493 |
| Total liabilities | $70,768,071 |
| Net assets without donor restrictions | $73,663,943 |
| Net assets with donor restrictions | $531,667 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $144,963,681 |