Vida Commercial Partners Inc
- Assets
- $22.2m
- Revenue
- $761.4k
- Investments
- $0.0
- Employees
- 0
- Location
- Denver, CO
- Founding
- 03/2018
- Data as of
- 12/2023
- EIN
- 82-2643740
Organization Overview
Vida Commercial Partners Inc is located in Denver, CO. The organization was established in 2018. 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. Vida Commercial Partners Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
VIDA COMMERCIAL PARTNERS, INC. IS ORGANIZED AND SHALL BE OPERATED EXCLUSIVELY FOR THE BENEFIT OF THE HOUSING AUTHORITY OF THE CITY AND COUNTY OF DENVER, COLORADO, A PUBLIC BODY CORPORATE AND POLITIC (THE "DISTRICT"). VIDA HAS ACQUIRED AN INTEREST IN CERTAIN PROPERTY LOCATED AT 4007 W. COLFAX AVENUE, DENVER, COLORADO 80204 AND INTENDS TO FACILITATE THE DEVELOPMENT OF THE PROPERTY FOR LEASING TO THE DISTRICT FOR USE SOLELY IN SUPPORT OF THE DISTRICT'S USE IN FURTHERANCE OF THE DISTRICT'S CHARITABLE PURPOSES (THE "PROJECT"). THIS SPACE IS INTENDED TO SERVE THE AREA'S LOW INCOME AGING POPULATION. ADDITIONALLY, THE DISTRICT DOES NOT QUALIFY FOR THE TYPE OF FINANCING VIDA OBTAINED, WHICH IS REQUIRED IN ORDER TO ACQUIRE AND COMPLETE THE PROJECT.
Describe the Organization's Program Activity:
Part 3 - Line 4a
VIDA HAS ACQUIRED AN INTEREST IN CERTAIN PROPERTY LOCATED AT 4007 W. COLFAX AVENUE, DENVER, COLORADO 80204 AND INTENDS TO FACILITATE THE DEVELOPMENT OF THE PROPERTY FOR LEASING TO THE HOUSING AUTHORITY OF THE CITY AND COUNTY OF DENVER, COLORADO (THE "DISTRICT") FOR USE SOLELY IN SUPPORT OF THE DISTRICT'S USE IN FURTHERANCE OF THE DISTRICT'S CHARITABLE PURPOSES (THE "PROJECT"). THIS SPACE IS INTENDED TO SERVE THE AREA'S LOW INCOME AGING POPULATION.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Nichole Ford Director And Treasurer | OfficerTrustee | 0.5 | $0 |
Melissa Rummel Director And Secretary | OfficerTrustee | 0.5 | $0 |
Cameron Bertron Director | Trustee | 0.5 | $0 |
Joseph Tassano Director | Trustee | 0.5 | $0 |
David Nisivoccia Director (term End 8/23) | OfficerTrustee | 0.5 | $0 |
Joshua Crawley Director (term Begin 8/23) | OfficerTrustee | 0.5 | $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 | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $370,324 |
| Investment income | $384,653 |
| 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 | $761,448 |
| 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 | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $60,000 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $25,775 |
| 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 | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $115,500 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $289,571 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $492,831 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $129,542 |
| 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 | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $9,553 |
| Net Land, buildings, and equipment | $9,226,665 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $12,840,713 |
| Total assets | $22,206,473 |
| Accounts payable and accrued expenses | $15,285 |
| 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 | $11,550,000 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $10,739,407 |
| Total liabilities | $22,304,692 |
| Net assets without donor restrictions | -$98,219 |
| 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 | $22,206,473 |