Garfield County Senior Housing Corp
- Assets
- $944.4k
- Revenue
- $497.9k
- Investments
- $0.0
- Employees
- 3
- Location
- Glenwood Springs, CO
- Founding
- 08/1985
- Data as of
- 06/2022
- EIN
- 74-2244027
Organization Overview
Garfield County Senior Housing Corp is located in Glenwood Springs, CO. The organization was established in 1985. According to its NTEE Classification (L22) the organization is classified as: Senior Citizens Housing & Retirement Communities, under the broad grouping of Housing & Shelter and related organizations. As of 06/2022, Garfield County Senior Housing Corp employed 3 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Garfield County Senior Housing Corp 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, Garfield County Senior Housing Corp generated $497.9k in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (0.4%) each year. All expenses for the organization totaled $535.8k during the year ending 06/2022. 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 PROVIDED AFFORDABLE RENTAL HOUSING TO SENIOR CITIZENS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO PROVIDE 42 INDIVIDUAL APARTMENTS TO LOW INCOME SENIOR CITIZENS.
TO PROVIDE A COMMON AREA FOR MEETINGS AND RECREATION FOR SENIOR CITIZENS, PLUS AN ADDITIONAL 5 INDIVIDUAL APARTMENTS FOR LOW INCOME SENIOR CITIZENS.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Karl Schwartz Secretary | OfficerTrustee | 2 | $0 |
Rachel Rippy President | OfficerTrustee | 2 | $0 |
Ken Melby Treasurer | OfficerTrustee | 2 | $0 |
Cheryl Cain Board Member | Trustee | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $248,509 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $155,227 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $248,509 |
| Total Program Service Revenue | $248,994 |
| Investment income | $425 |
| 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 | $497,928 |
| 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 | $77,782 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $7,238 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $210 |
| Fees for services: Accounting | $6,100 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $15,698 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $67,079 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $172,213 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $87,611 |
| Insurance | $9,834 |
| All other expenses | $1,963 |
| Total functional expenses | $535,768 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $10,816 |
| Savings and temporary cash investments | $158,630 |
| Pledges and grants receivable | $133,920 |
| Accounts receivable, net | $0 |
| 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 | $2,087 |
| Net Land, buildings, and equipment | $633,077 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $4,359 |
| Other assets | $1,516 |
| Total assets | $944,405 |
| Accounts payable and accrued expenses | $6,637 |
| 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 | $1,521,168 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $16,036 |
| Total liabilities | $1,543,841 |
| Net assets without donor restrictions | -$733,356 |
| Net assets with donor restrictions | $133,920 |
| 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 | $944,405 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Garfield County Senior Housing Corp has recieved totaling $10,000.
| Awarding Organization | Amount |
|---|---|
Community Office For Resource Efficiency Aspen, CO PURPOSE: COMMUNITY GRANT | $10,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Tallgrass Creek Inc Overland Park, KS | $320,564,283 | $44,877,675 |
Montereau Inc Tulsa, OK | $185,837,162 | $41,785,985 |
Immanuel Retirement Communities Omaha, NE | $159,357,540 | $36,993,278 |
La Vida Llena Albuquerque, NM | $163,809,368 | $31,265,301 |
Ashfield Active Living And Wellness Communities Inc Wichita, KS | $146,263,664 | $27,107,556 |
Mirabella At Asu Inc Tempe, AZ | $298,424,373 | $6,088,723 |
Sun Health Grandview Terrace Sun City West, AZ | $62,483,785 | $23,188,169 |
Christian Living Communities Englewood, CO | $42,962,159 | $17,819,657 |
Neighborhood In Rio Rancho Rio Rancho, NM | $43,319,912 | $14,930,529 |
Bccu Inc Clearfield Woods Cross, UT | $32,325,900 | $16,937,204 |
Villa St Francis Catholic Care Center Inc Olathe, KS | $17,681,493 | $20,586,104 |
Colorado Senior Residences Inc Steamboat Springs, CO | $39,996,188 | $12,218,271 |