Villages Ltd
- Assets
- $22.9m
- Revenue
- $7.0m
- Investments
- $0.0
- Employees
- 0
- Location
- Fort Collins, CO
- Founding
- 04/1982
- Data as of
- 12/2021
- EIN
- 74-2177138
Organization Overview
Villages Ltd is located in Fort Collins, CO. The organization was established in 1982. 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. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Villages Ltd 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, Villages Ltd generated $7.0m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 11.6% each year . All expenses for the organization totaled $2.1m during the year ending 12/2021. 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 PROVIDE AFFORDABLE HOUSING FOR THE ELDERLY AND LOW-INCOME FAMILIES OF FORT COLLINS, COLORADO.
Describe the Organization's Program Activity:
Part 3 - Line 4a
VILLAGES, LTD. WAS ESTABLISHED IN 1980 AS A 501(C)(3) ORGANIZATION WHOSE PURPOSE IS TO ACQUIRE, DEVELOP AND PRESERVE AFFORDABLE HOUSING FOR THE ELDERLY AND LOW-INCOME FAMILIES OF FORT COLLINS, COLORADO. THE ORGANIZATION OWNS AND MANAGES A TOTAL OF 225 RESIDENTIAL UNITS AND HAS THUS HELPED THOUSANDS OF LOW-INCOME FAMILIES IN THE FORT COLLINS COMMUNITY OVER THE PAST 30 YEARS.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jake Arnold President (jan-Jun) | OfficerTrustee | 1 | $0 |
Anne Harding Secretary/treasurer (jan-Jun) | OfficerTrustee | 1 | $0 |
Cathy Mathis Chairperson (jun-Dec) | OfficerTrustee | 1 | $0 |
Jennifer Wagner Vice Chairperson (jun-Dec) | OfficerTrustee | 1 | $0 |
Lizette Mill VP (jan-Jun)/director (jun-Dec) | OfficerTrustee | 1 | $0 |
Tonya Frammolino CFO | Officer | 10 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $500,000 |
| 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 | $500,000 |
| Total Program Service Revenue | $2,578,768 |
| Investment income | $1,759 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $3,900,231 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $6,980,758 |
| 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 | $149,672 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $35,360 |
| Payroll taxes | $0 |
| Fees for services: Management | $345,014 |
| Fees for services: Legal | $5,441 |
| Fees for services: Accounting | $185,978 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $324 |
| Office expenses | $24,450 |
| Information technology | $11,621 |
| Royalties | $0 |
| Occupancy | $179,278 |
| Travel | $258 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $60 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $424,518 |
| Insurance | $86,558 |
| All other expenses | $686 |
| Total functional expenses | $2,100,094 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $44,123 |
| Savings and temporary cash investments | $9,685,322 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $20,418 |
| 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 | $66 |
| Net Land, buildings, and equipment | $4,409,786 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $8,186,744 |
| Intangible assets | $0 |
| Other assets | $527,509 |
| Total assets | $22,873,968 |
| Accounts payable and accrued expenses | $41,963 |
| Grants payable | $0 |
| Deferred revenue | $51,707 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $83,875 |
| 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 | $20,801 |
| Total liabilities | $198,346 |
| Net assets without donor restrictions | $22,675,622 |
| 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 | $22,873,968 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Villages Ltd has recieved totaling $7,278.
| Awarding Organization | Amount |
|---|---|
Food Bank For Larimer County Loveland, CO PURPOSE: Provide food and household goods to clients in need | $7,278 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Irc Ii Inc Omaha, NE | $77,092,812 | $15,244,348 |
Mercy Housing Wheaton Nfp Denver, CO | -$15,968,467 | $14,335,053 |
Rocky Mountain Mutual Housing Association Inc Denver, CO | $89,135,511 | $15,318,775 |
Equality Community Housing Corporation Glendale, AZ | $43,109,186 | $12,960,879 |
Mercy Housing Northwest Denver, CO | $73,547,369 | $9,509,795 |
Ark Regional Services Inc Laramie, WY | $4,970,092 | $7,518,317 |
Community Housing Concepts Inc Denver, CO | $87,603,673 | $7,035,643 |
Community Resources & Housing Development Corporation Westminster, CO | $39,546,722 | $6,041,584 |
Elevation Community Land Trust Denver, CO | $49,445,560 | $8,122,320 |
Residences At Eaton Senior Communities Lakewood, CO | $12,361,716 | $4,288,663 |
Arizona Housing Inc Phoenix, AZ | $15,313,221 | $3,724,119 |
Thistle Community Housing Boulder, CO | $53,794,788 | $7,131,075 |