Providence Network
- Assets
- $9.3m
- Revenue
- $1.9m
- Investments
- $0.0
- Employees
- 32
- Location
- Denver, CO
- Founding
- 12/1988
- Data as of
- 03/2024
- EIN
- 74-2505406
Organization Overview
Providence Network is located in Denver, CO. The organization was established in 1988. According to its NTEE Classification (P20) the organization is classified as: Human Service Organizations, under the broad grouping of Human Services and related organizations. As of 03/2024, Providence Network employed 32 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Providence Network 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 03/2024, Providence Network generated $1.9m in total revenue. The organization has seen a slow decline revenue. Over the past 9 years, revenues have fallen by an average of (1.3%) each year. All expenses for the organization totaled $2.2m during the year ending 03/2024. 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
2024
Describe the Organization's Mission:
Part 3 - Line 1
PROVIDENCE NETWORK IS AN URBAN, TRANSFORMATIONAL HOUSING ORGANIZATION THAT HELPS IMPOVERISHED MEN, WOMEN AND FAMILIES HEAL FROM ADDICTIONS, ABUSE AND HOMELESSNESS TO BECOME SELF-SUFFICIENT, PRODUCTIVE MEMBERS OF THE COMMUNITY. WE ACHIEVE THIS THROUGH A LIVING-IN-COMMUNITY MODEL THAT INCLUDES A 2-YEAR "FIRSTSTEP" TRANSITIONAL HOUSING PROGRAM OF INDIVIDUAL COUNSELING, GROUP THERAPY, VOCATIONAL ASSISTANCE, LIFE SKILLS DEVELOPMENT, SPIRITUAL GROWTH, AND STRICT ACCOUNTABILITY WITH "24/7" LIVE-IN STAFF. GRADUATES ARE ABLE TO CONTINUE THEIR GROWTH IN OUR "NEXTSTEP" DRUG & ALCOHOL-FREE AFFORDABLE AND SUPPORTIVE APARTMENT COMMUNITIES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE ORGANIZATION OPERATES SIX TRANSFORMATIONAL HOUSING PROPERTIES IN DENVER, COLORADO. THIS INCLUDES THREE LEVEL 1 "FIRSTSTEP" TRANSITIONAL HOMES AND THREE LEVEL 2 "NEXTSTEP" COMMUNITIES. SUPPORTIVE SERVICES ARE PROVIDED TO INDIVIDUALS AND FAMILIES IN TRANSITION WHO ARE RECOVERING FROM ADDICTIONS, DOMESTIC VIOLENCE AND/OR HOMELESSNESS. THE FIRSTSTEP PROGRAM PROVIDES SUBSIDIZED HOUSING, FOOD, COUNSELING, SUPPORT GROUPS, LIFE SKILLS DEVELOPMENT, EMPLOYMENT TRAINING, AND HEALTHY SOCIAL ACTIVITIES. THE NEXTSTEP COMMUNITIES OFFER AFFORDABLE RENTS IN A HEALTHY, SOBER LIVING ENVIRONMENT WITH ACCESS TO SUPPORTIVE SERVICES AS NEEDED. ON ANY GIVEN DAY, OUR SIX HOMES CAN SERVE UP TO 160 PEOPLE. IN FY 2023-24 WE SERVED A TOTAL OF 145 MEN, WOMEN AND CHILDREN.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Andrew Chapin Board Member | Trustee | 1 | $0 |
Jerry Middel Board Member | Trustee | 1 | $0 |
David Milholm Board Member | Trustee | 1 | $0 |
Kacey Pickard President | OfficerTrustee | 1 | $0 |
F Kevin Kurtz Board Member | Trustee | 1 | $0 |
Chad Scherer Treasurer | OfficerTrustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,298,228 |
| Noncash contributions included in lines 1a–1f | $76,626 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,298,228 |
| Total Program Service Revenue | $614,923 |
| Investment income | $1,485 |
| 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 | $1,946,930 |
| 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 | $911,284 |
| Pension plan accruals and contributions | $46,742 |
| Other employee benefits | $162,995 |
| Payroll taxes | $75,655 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| 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 | $42,140 |
| Advertising and promotion | $0 |
| Office expenses | $9,870 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $246,377 |
| Travel | $15,386 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $5,195 |
| Interest | $100,080 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $263,119 |
| Insurance | $74,061 |
| All other expenses | $129,535 |
| Total functional expenses | $2,192,696 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $31,587 |
| Savings and temporary cash investments | $35,066 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $3,990 |
| 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 | $22,489 |
| Net Land, buildings, and equipment | $9,147,462 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $12,726 |
| Other assets | $0 |
| Total assets | $9,253,320 |
| Accounts payable and accrued expenses | $118,793 |
| 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 | $2,526,006 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $112,286 |
| Total liabilities | $2,757,085 |
| Net assets without donor restrictions | $6,327,913 |
| Net assets with donor restrictions | $168,322 |
| 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 | $9,253,320 |