Redi Vi
- Assets
- $155.4k
- Revenue
- $125.4k
- Investments
- $0.0
- Employees
- 0
- Location
- Denver, CO
- Founding
- 03/1990
- Data as of
- 03/2022
- EIN
- 74-2550438
Organization Overview
Redi Vi is located in Denver, CO. The organization was established in 1990. According to its NTEE Classification (P73) the organization is classified as: Group Homes, under the broad grouping of Human Services and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Redi VI 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 03/2022, Redi VI generated $125.4k in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (2.4%) each year. All expenses for the organization totaled $125.7k during the year ending 03/2022. As we would expect to see with falling revenues, expenses have declined by (2.6%) per year over the past 7 years. 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 PROVIDE AFFORDABLE HOUSING FOR LOW-INCOME, CHRONICALLY MENTALLY ILL.
Describe the Organization's Program Activity:
Part 3 - Line 4a
OPERATION OF 19 UNITS OF RESIDENTIAL HOUSING FOR THE CHRONICALLY MENTALLY ILL UNDER A SUBSIDY PROGRAM FOR THE US DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Diego Kissack Secretary | OfficerTrustee | 1 | $0 |
Keely Downs President | OfficerTrustee | 1 | $0 |
Sandra Goldhaber Vice President | OfficerTrustee | 1 | $0 |
Terry Barnard Treasurer | OfficerTrustee | 1 | $0 |
David Murphy Executive Director | Officer | 2 | $0 |
Heather Iden Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $91,789 |
| 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 | $91,789 |
| Total Program Service Revenue | $32,312 |
| Investment income | $202 |
| 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 | $125,445 |
| 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 | $33,104 |
| Pension plan accruals and contributions | $453 |
| Other employee benefits | $0 |
| Payroll taxes | $2,859 |
| Fees for services: Management | $8,939 |
| Fees for services: Legal | $7 |
| Fees for services: Accounting | $5,250 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $296 |
| Office expenses | $3,487 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $23,552 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $10,689 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $4,459 |
| Insurance | $13,836 |
| All other expenses | $0 |
| Total functional expenses | $125,679 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $50 |
| Savings and temporary cash investments | $54,596 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $9,621 |
| 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 | $4,583 |
| Net Land, buildings, and equipment | $83,532 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $3,009 |
| Total assets | $155,391 |
| Accounts payable and accrued expenses | $21,842 |
| Grants payable | $0 |
| Deferred revenue | $222 |
| 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 | $270,729 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $292,793 |
| Net assets without donor restrictions | -$137,402 |
| 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 | $155,391 |
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