Community Resources & Housing Development Corporation
- Assets
- $39.5m
- Revenue
- $6.0m
- Investments
- $1.3m
- Employees
- 52
- Location
- Westminster, CO
- Founding
- 08/1971
- Data as of
- 03/2022
- EIN
- 23-7102834
Organization Overview
Community Resources & Housing Development Corporation is located in Westminster, CO. The organization was established in 1971. According to its NTEE Classification (L21) the organization is classified as: Low-Income & Subsidized Rental Housing, under the broad grouping of Housing & Shelter and related organizations. As of 03/2023, Community Resources & Housing Development Corporation employed 52 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Community Resources & Housing Development Corporation 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 03/2022, Community Resources & Housing Development Corporation generated $6.0m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 2.2% each year. All expenses for the organization totaled $5.4m during the year ending 03/2022. While expenses have increased by 2.7% per year over the past 7 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.
Since 2016, Community Resources & Housing Development Corporation has awarded 44 individual grants totaling $3,621,947. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
COMMUNITY RESOURCES AND HOUSING DEVELOPMENT CORPORATION PROVIDES PATHWAYS TO HOME AND ASSET BUILDING OPPORTUNITIES TO BENEFIT LOW-TO-MODERATE INCOME COMMUNITIES THROUGHOUT COLORADO.
Describe the Organization's Program Activity:
Part 3 - Line 4a
ASSET MANAGEMENT - MANAGEMENT OF BOTH AFFORDABLE RENTAL APARTMENTS AND COMMERCIAL PROPERTIES ACROSS COLORADO.
DEVELOPMENT - DEVELOPMENT OF AFFORDABLE SINGLE AND MULTI-FAMILY HOUSING.
HOME OWNERSHIP - ONE STOP SHOP FOR EDUCATION, COUNSELING, LENDING, AND REALTOR SERVICES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Stephanie Tedy President | OfficerTrustee | 1 | $0 |
Lauren Hornett Vice Preside | OfficerTrustee | 1 | $0 |
G Lavon Sonne Treasurer | OfficerTrustee | 1 | $0 |
Abella Navarro Secretary | OfficerTrustee | 1 | $0 |
Sue Beck-Ferkiss Director | Trustee | 1 | $0 |
Mark Berry Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $2,659,042 |
| All other contributions, gifts, grants, and similar amounts not included above | $154,241 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,813,283 |
| Total Program Service Revenue | $2,809,528 |
| Investment income | $83,757 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $324 |
| Net Gain/Loss on Asset Sales | $311,901 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $6,041,584 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $321,510 |
| Grants and other assistance to domestic individuals. | $97,542 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $137,627 |
| Compensation of current officers, directors, key employees. | $53,132 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,414,151 |
| Pension plan accruals and contributions | $32,387 |
| Other employee benefits | $193,792 |
| Payroll taxes | $136,160 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $198,264 |
| Advertising and promotion | $9,985 |
| Office expenses | $37,926 |
| Information technology | $57,201 |
| Royalties | $0 |
| Occupancy | $368,322 |
| Travel | $60,736 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $5,207 |
| Interest | $500,491 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $636,294 |
| Insurance | $104,022 |
| All other expenses | $196,340 |
| Total functional expenses | $5,390,726 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,211,802 |
| Savings and temporary cash investments | $921,118 |
| Pledges and grants receivable | $340,357 |
| Accounts receivable, net | $1,801,747 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $6,198,683 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $16,329 |
| Net Land, buildings, and equipment | $26,751,198 |
| Investments—publicly traded securities | $540,220 |
| Investments—other securities | $1,332,374 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $432,894 |
| Total assets | $39,546,722 |
| Accounts payable and accrued expenses | $459,203 |
| Grants payable | $0 |
| Deferred revenue | $132,187 |
| 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 | $17,160,775 |
| Unsecured mortgages and notes payable | $500,000 |
| Other liabilities | $1,161,154 |
| Total liabilities | $19,413,319 |
| Net assets without donor restrictions | $18,641,145 |
| Net assets with donor restrictions | $1,492,258 |
| 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 | $39,546,722 |
Grants Awarded
Over the last fiscal year, Community Resources & Housing Development Corporation has awarded $689,952 in support to 6 organizations.
| Grant Recipient | Amount |
|---|---|
COMMUNITY COUNCIL OF IDAHO PURPOSE: PASS THRU GRANT | $126,701 |
COMITE DE BIENESTAR PURPOSE: PASS THRU GRANTS | $194,301 |
RMSER PURPOSE: PASS THRU GRANT | $57,875 |
TIERRA DEL SOL PURPOSE: PASS THRU GRANT | $249,650 |
GUADALUPE ECONOMIC SERVICES CORP PURPOSE: PASS THRU GRANT | $23,925 |
SAN LUIS VALLEY FARM WORKERS HOUSIN PURPOSE: PASS THRU GRANT | $37,500 |