Golden Spike Inc
- Assets
- $11.8m
- Revenue
- $2.6m
- Investments
- $0.0
- Employees
- 6
- Location
- Denver, CO
- Founding
- 03/1946
- Data as of
- 06/2022
- EIN
- 47-5633102
Organization Overview
Golden Spike Inc is located in Denver, CO. The organization was established in 1946. According to its NTEE Classification (Z99) the organization is classified as: Unknown, under the broad grouping of Unknown and related organizations. As of 06/2022, Golden Spike Inc employed 6 individuals. This organization is a subordinate organization within an affiliated group for tax-exemption purposes. Golden Spike 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 06/2022, Golden Spike Inc generated $2.6m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 5.2% each year. All expenses for the organization totaled $2.5m during the year ending 06/2022. While expenses have increased by 9.7% 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE AFFORDABLE HOUSING TO LOW-INCOME ELDERLY AND DISABLED.
Describe the Organization's Program Activity:
Part 3 - Line 4a
200-UNIT HUD-SUBSIDIZED AFFORDABLE HOUSING PROJECT FOR LOW-INCOME, DISABLED, AND CHRONICALLY MENTALLY ILL PERSONS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Melissa Bleser Chair | OfficerTrustee | 2 | $0 |
Bob Gross Secretary | OfficerTrustee | 2 | $0 |
Dominic Palazzo Treasurer | OfficerTrustee | 2 | $0 |
Darren Walsh President/ce | Officer | 1 | $0 |
Justin Raddatz Exe. Directo | Officer | 1 | $0 |
Wayne Wolberg CFO (former) | Officer | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $826 |
| Government grants | $0 |
| 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 | $826 |
| Total Program Service Revenue | $2,382,476 |
| Investment income | $204 |
| 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 | $2,595,643 |
| 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 | $187,639 |
| Fees for services: Legal | $8,430 |
| 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 | $10,000 |
| Advertising and promotion | $0 |
| Office expenses | $83,215 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $208,535 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $397,467 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $747,771 |
| Insurance | $123,641 |
| All other expenses | $5,141 |
| Total functional expenses | $2,528,814 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $597,756 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $3,689 |
| 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 | $136,295 |
| Net Land, buildings, and equipment | $9,805,800 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $1,244,513 |
| Total assets | $11,788,053 |
| Accounts payable and accrued expenses | $223,667 |
| 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 | $12,918,355 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $44,239 |
| Total liabilities | $13,186,261 |
| Net assets without donor restrictions | -$1,398,208 |
| 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 | $11,788,053 |
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