Jeffco Housing Corporation
- Assets
- $9.2m
- Revenue
- $7.8m
- Investments
- $0.0
- Employees
- 0
- Location
- Wheat Ridge, CO
- Founding
- 07/1988
- Data as of
- 12/2021
- EIN
- 74-2499923
Organization Overview
Jeffco Housing Corporation is located in Wheat Ridge, CO. The organization was established in 1988. 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. Jeffco 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 12/2021, Jeffco Housing Corporation generated $7.8m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 17.2% each year . All expenses for the organization totaled $2.5m during the year ending 12/2021. While expenses have increased by 5.3% 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
CREATED FOR THE DEVELOPMENT OF AFFORDABLE RENTAL APARTMENTS WITHIN JEFFERSON COUNTY, COLORADO.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE ORGANIZATION'S EXEMPT PURPOSE ACHIEVEMENTS ARE TO ACQUIRE AND REPAIR HOMES AND APARTMENTS IN NEED OF SUBSTANTIAL REHABILITATION WORK AND TO RENT THE APARTMENTS TO LOW INCOME FAMILIES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Tony Oum President | OfficerTrustee | 1 | $0 |
Aaron Azari Vice President | OfficerTrustee | 1 | $0 |
Lori Rosendahl Ceo/executive Director | Officer | 10 | $0 |
Christopher Yancy Director | Trustee | 1 | $0 |
Lincoln Baca Director | Trustee | 1 | $0 |
Lisa Smith Director | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Metco Landscape Llc Landscaping | 12/30/21 | $138,785 |
A Touch Of Tile Materials | 12/30/21 | $137,330 |
Pure Maintenance Of Colorado Materials | 12/30/21 | $100,343 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $100,000 |
| 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 | $100,000 |
| Total Program Service Revenue | $2,171,271 |
| Investment income | $51,962 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $5,392,495 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $7,778,255 |
| 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 | $201,172 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $91,194 |
| Payroll taxes | $0 |
| Fees for services: Management | $98,968 |
| Fees for services: Legal | $5,580 |
| 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 | $0 |
| Advertising and promotion | $0 |
| Office expenses | $15,942 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $236,420 |
| Travel | $9,481 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $42,999 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $249,337 |
| Insurance | $122,035 |
| All other expenses | $0 |
| Total functional expenses | $2,495,971 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,649,291 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $1,240,000 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $1,286 |
| Net Land, buildings, and equipment | $4,210,480 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $556,541 |
| Intangible assets | $0 |
| Other assets | $591,103 |
| Total assets | $9,248,701 |
| Accounts payable and accrued expenses | $74,731 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $53,849 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $86,141 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $2,038,739 |
| Total liabilities | $2,253,460 |
| Net assets without donor restrictions | $6,995,241 |
| 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 | $9,248,701 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Jeffco Housing Corporation has recieved totaling $500.
| Awarding Organization | Amount |
|---|---|
The Colorado Health Foundation Denver, CO PURPOSE: GENERAL DONATION TO SUPPORT ORGANIZATION OR PROGRAM | $500 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
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 |
Habitat For Humanity Tucson Inc Tucson, AZ | $32,170,830 | $10,758,994 |
Habitat For Humanity International Inc Glenwood Springs, CO | $10,815,473 | $6,555,105 |
Utah Nonprofit Housing Corporation Salt Lake City, UT | $66,026,062 | $36,661,110 |
Mercy Housing South East Denver, CO | $32,176,710 | $9,687,514 |
Save The Family Foundation Of Arizona Mesa, AZ | $6,981,907 | $8,677,083 |
Pikes Peak Habitat For Humanity Inc Colorado Springs, CO | $13,774,284 | $6,271,945 |