Countrywood Housing Corporation
- Assets
- $1.5m
- Revenue
- $596.4k
- Investments
- $0.0
- Employees
- 0
- Location
- Denver, CO
- Founding
- 09/1996
- Data as of
- 12/2022
- EIN
- 68-0378673
Organization Overview
Countrywood Housing Corporation is located in Denver, CO. The organization was established in 1996. According to its NTEE Classification (L80) the organization is classified as: Housing 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. Countrywood Housing 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 12/2022, Countrywood Housing Corporation generated $596.4k in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 2.7% each year. All expenses for the organization totaled $742.6k during the year ending 12/2022. While expenses have increased by 5.8% per year over the past 8 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 CONSTRUCT, OPERATE, MAINTAIN, OR LEASE ANY REAL ESTATE AND PERSONAL PROPERTY NECESSARY AND INCIDENT TO THE PROVISION OF HOUSING FOR LOWER INCOME HOUSEHOLDS
Describe the Organization's Program Activity:
Part 3 - Line 4a
COUNTRYWOOD HOUSING CORPORATION WAS ORGANIZED ON FEBRUARY 21, 1996 AS A CALIFORNIA NONPROFIT PUBLIC BENEFIT CORPORATION FOR THE PURPOSE OF CONSTRUCTING AND OPERATING A RENTAL HOUSING PROJECT UNDER SECTION 542(C) OF THE HOUSING AND COMMUNITY DEVELOPMENT ACT OF 1992 (THE RISK-SHARING PROGRAM). SUCH PROJECTS ARE REGULATED BY THE DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT AS TO RENT CHARGES AND OPERATING METHODS. THE CALIFORNIA HOUSING FINANCE AGENCY OVERSEES ADHERENCE TO HUD REGULATIONS THROUGH THE RISK-SHARING PROGRAM. THE PROJECT WAS PURCHASED IN DECEMBER 2002, CONSISTS OF 65 UNITS, AND IS CURRENTLY OPERATING UNDER THE NAME OF COUNTRYWOOD APARTMENTS LOCATED IN LINDA, CALIFORNIA.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Janet Ruggiero Director | Trustee | 1 | $0 |
Lilian Lew-Hailer Director | Trustee | 1 | $0 |
Stan Keasling Chair/director | OfficerTrustee | 1 | $0 |
Alvin Tuvilla Vice President | Officer | 1 | $0 |
Amy Bayley Assistant Secretary | Officer | 1 | $0 |
Barbara Gualco Vice President | Officer | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $226,119 |
| 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 | $226,119 |
| Total Program Service Revenue | $367,651 |
| Investment income | $2,636 |
| 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 | $596,406 |
| 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 | $78,359 |
| Pension plan accruals and contributions | $1,151 |
| Other employee benefits | $18,389 |
| Payroll taxes | $6,423 |
| Fees for services: Management | $52,000 |
| Fees for services: Legal | $2,185 |
| Fees for services: Accounting | $19,757 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $29,086 |
| Advertising and promotion | $15 |
| Office expenses | $10,700 |
| Information technology | $2,237 |
| Royalties | $0 |
| Occupancy | $117,149 |
| Travel | $13,677 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $113,157 |
| Insurance | $0 |
| All other expenses | $1,161 |
| Total functional expenses | $742,581 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $102,347 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $49,259 |
| 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 | $28,959 |
| Net Land, buildings, and equipment | $1,009,337 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $291,061 |
| Total assets | $1,480,963 |
| Accounts payable and accrued expenses | $89,620 |
| Grants payable | $0 |
| Deferred revenue | $20,797 |
| 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 | $1,384,376 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $217,087 |
| Total liabilities | $1,711,880 |
| Net assets without donor restrictions | -$230,917 |
| 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 | $1,480,963 |