Denver Community Ventures
- Assets
- $763.9k
- Revenue
- $440.7k
- Investments
- $0.0
- Employees
- 0
- Location
- Denver, CO
- Founding
- 10/2013
- Data as of
- 12/2021
- EIN
- 45-3714223
Organization Overview
Denver Community Ventures, operating under the name Friends Of Dha, is located in Denver, CO. The organization was established in 2013. According to its NTEE Classification (L11) the organization is classified as: Single Organization Support, under the broad grouping of Housing & Shelter and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Friends Of Dha 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 12/2021, Friends Of Dha generated $440.7k in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 22.7% each year . All expenses for the organization totaled $274.2k during the year ending 12/2021. While expenses have increased by 21.2% per year over the past 6 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
PROMOTE SELF-SUFFICIENCY AND INDEPENDENCE FOR LOW AND MODERATE INCOME FAMILIES AND INDIVIDUALS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
DENVER COMMUNITY VENTURES PROVIDES ESSENTIAL FUNDING TO DENVER HOUSING AUTHORITY'S (DHA) RESIDENT AND COMMUNITY SERVICES DEPARTMENT (RCS) TO PROMOTE AND DELIVER SERVICES FOR RESIDENTS IN AND AROUND DHA'S AFFORDABLE HOUSING COMMUNITIES. THE ULTIMATE GOAL IS TO MOVE RESIDENTS TO SELF-SUFFICIENCY BY LINKING THEM TO SUPPORTIVE SERVICES AND RESOURCES THAT BUILD SKILLS AND SELF-ESTEEM, IN ORDER TO ENHANCE THEIR QUALITY OF LIFE. THIS SUPPLEMENTAL FUNDING HELPS DHA SUSTAIN CURRENT PROGRAMS AND LEVELS OF SERVICE AND BRIDGES GAPS WHEN FEDERAL FUNDING IS REDUCED OR DOES NOT MEET CRITICAL NEEDS. CONTINUED ON SCHEDULE O:THE PRIMARY FOCUS AREAS FOR RESIDENT PROGRAMMING, IN 2021 INCLUDED: (1) OFFERING ECONOMIC SELF-SUFFICIENCY PROGRAMMING THAT CONNECTED RESIDENTS TO SKILL BUILDING, JOB TRAINING AND CAREER COACHING, FINANCIAL LITERACY EDUCATION, DEBT REDUCTION AND CREDIT BUILDING CASE MANAGEMENT, AND FIRST-TIME HOMEBUYER EDUCATION AND COUNSELING; (2) PROVIDING RESOURCES FOR SENIORS AND DISABLED ADULTS TO AGE-IN-PLACE AND LIVE MORE INDEPENDENTLY; AND (3) BRINGING AFFORDABLE HIGH-SPEED DIGITAL ACCESS, COMPUTERS, AND TRAINING TO ALL RESIDENTS, TO FURTHER PROMOTE RESIDENT SELF-SUFFICIENCY AND ECONOMIC INDEPENDENCE FOR ALL AGE GROUPS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Renee Nicolosi Secretary | OfficerTrustee | 3.5 | $0 |
Dan Villanueva Treasurer | OfficerTrustee | 0.25 | $0 |
Marian Lawrence Chair | OfficerTrustee | 0.5 | $0 |
Nicole Adante Board | Trustee | 0.25 | $0 |
Milford Adams Board | Trustee | 0.25 | $0 |
Amy Fidelis Board | Trustee | 0.25 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $370,487 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $370,487 |
| Total Program Service Revenue | $69,680 |
| Investment income | $563 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $440,730 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $26,390 |
| Fees for services: Legal | $38 |
| Fees for services: Accounting | $12,050 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $158 |
| Office expenses | $33,347 |
| Information technology | $975 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $1,906 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $1,806 |
| All other expenses | $81 |
| Total functional expenses | $274,183 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $537,436 |
| Savings and temporary cash investments | $52,871 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $172,150 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $1,425 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $763,882 |
| Accounts payable and accrued expenses | $29,283 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| 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 | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $29,283 |
| Net assets without donor restrictions | $600,435 |
| Net assets with donor restrictions | $134,164 |
| 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 | $763,882 |
Grants Recieved
Over the last fiscal year, we have identified 3 grants that Denver Community Ventures has recieved totaling $187,263.
| Awarding Organization | Amount |
|---|---|
Network For Good Inc Washington, DC PURPOSE: UNRESTRICTED | $187,158 |
Xcel Energy Foundation Minneapolis, MN PURPOSE: MATCHING EMPLOYEE DONATION | $100 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $5 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Homewise Inc Santa Fe, NM | $208,179,950 | $27,730,929 |
Immanuel Community Vision Foundation Omaha, NE | $76,698,534 | $4,809,641 |
1035 Osage Inc Denver, CO | $33,218,160 | $535,754 |
Flatirons Habitat For Humanity Community Development Inc Lafayette, CO | $0 | $952,370 |
New Cassel Foundation Omaha Nebraska Omaha, NE | $3,080,661 | $894,654 |
La Clinica De Familia Title Holding Corporation Las Cruces, NM | $16,407,020 | $282,120 |
Cplc Health Inc Phoenix, AZ | $163,628 | $944,105 |
Christian Care Foundation Phoenix, AZ | $804,250 | $80,242 |
Stepping Stone Communities Inc Littleton, CO | $1,504,379 | $1,718,671 |
Pender Community Center Inc Pender, NE | $8,036,230 | $276,346 |
Hong Lok Phoenix, AZ | $4,119,912 | $430,317 |
Habitat Housing Inc Tulsa, OK | $7,572,730 | $1,711,350 |