Archway Investment Corporation Inc
- Assets
- $22.8m
- Revenue
- $2.8m
- Investments
- -$363.9k
- Employees
- 0
- Location
- Denver, CO
- Founding
- 08/2014
- Data as of
- 12/2021
- EIN
- 46-4352926
Organization Overview
Archway Investment Corporation Inc is located in Denver, CO. The organization was established in 2014. According to its NTEE Classification (L20) the organization is classified as: Housing Development, Construction & Management, 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. Archway Investment Corporation Inc 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, Archway Investment Corporation Inc generated $2.8m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 68.4% each year . All expenses for the organization totaled $771.2k during the year ending 12/2021. While expenses have increased by 60.7% 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO DEVELOP AFFORDABLE HOUSING FOR LOW AND MODERATE INCOME FAMILIES AND SENIORS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO DEVELOP AFFORDABLE HOUSING FOR LOW AND MODERATE INCOME FAMILIES AND SENIORS.
N/A
N/A
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jody Huntington Vice President | OfficerTrustee | 2 | $0 |
Robinson Lapp President | OfficerTrustee | 2 | $0 |
Arnold S Corradino Executive Director | Officer | 20 | $0 |
Lee Berg Director | Trustee | 2 | $0 |
Paul Herskowitz Director | Trustee | 2 | $0 |
Allyson Drayton Director | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $873,118 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $873,118 |
| Total Program Service Revenue | $958,748 |
| Investment income | $16,849 |
| 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 | $2,796,418 |
| 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. | $155,403 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $259,678 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $11,635 |
| Fees for services: Management | $95,319 |
| Fees for services: Legal | $151,924 |
| 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 | $2,032 |
| Advertising and promotion | $700 |
| Office expenses | $0 |
| Information technology | $0 |
| 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 | $0 |
| Interest | $29,662 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $12,071 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $771,151 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,890,161 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $4,697,106 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $7,104,991 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $2,160 |
| Net Land, buildings, and equipment | $9,420,314 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | -$363,854 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $22,750,878 |
| Accounts payable and accrued expenses | $42,494 |
| 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 | $8,658,182 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $1,025,490 |
| Total liabilities | $9,726,166 |
| Net assets without donor restrictions | $13,024,712 |
| Net assets with donor restrictions | $0 |
| 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 | $22,750,878 |
Grants Recieved
Over the last fiscal year, we have identified 4 grants that Archway Investment Corporation Inc has recieved totaling $181,861.
| Awarding Organization | Amount |
|---|---|
Enterprise Community Partners Inc Columbia, MD PURPOSE: CAPACITY BUILDING | $62,500 |
Enterprise Community Partners Inc Columbia, MD PURPOSE: CAPACITY BUILDING | $62,500 |
Local Initiatives Support Corporation New York, NY PURPOSE: SEE PART IV | $45,000 |
Trailhead Institute Denver, CO PURPOSE: BLU | $11,861 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
City Of Scottsdale Municipal Property Corp Scottsdale, AZ | $479,997,584 | $48,828,086 |
Foundation For Affordable Housing Omaha, NE | $529,060,224 | $34,736,721 |
Mercy Housing California Denver, CO | $227,832,939 | $51,666,218 |
Northeast Denver Housing Center Inc Denver, CO | $58,407,194 | $39,072,373 |
Mercy Housing Inc Denver, CO | $121,949,049 | $44,644,651 |
Mercy Housing Lakefront Denver, CO | $45,086,430 | $37,545,157 |
Brothers Redevelopment Inc Edgewater, CO | $28,566,111 | $21,890,998 |
Habitat For Humanity International Inc Omaha, NE | $36,900,454 | $19,457,975 |
Habitat For Humanity International Inc Tulsa, OK | $20,375,468 | $13,816,169 |
South Of Market Mercy Housing Denver, CO | $1,397,293 | $161,294 |
Mccalls Community Homes Inc Ada, OK | $3,788,949 | $9,810,630 |
Western Region Nonprofit Housing Corporation Salt Lake City, UT | $76,676,954 | $12,236,656 |