Reach Foundation
- Assets
- $6.0m
- Revenue
- $2.9m
- Investments
- $0.0
- Employees
- 35
- Location
- Riverton, WY
- Founding
- 02/1981
- Data as of
- 06/2022
- EIN
- 83-0249121
Organization Overview
Reach Foundation is located in Riverton, WY. The organization was established in 1981. According to its NTEE Classification (L21) the organization is classified as: Low-Income & Subsidized Rental Housing, under the broad grouping of Housing & Shelter and related organizations. As of 06/2022, Reach Foundation employed 35 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Reach Foundation 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, Reach Foundation generated $2.9m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 8.6% each year. All expenses for the organization totaled $1.9m during the year ending 06/2022. While expenses have increased by 3.1% 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
PROVIDES SENIOR CITIZEN HOUSING
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE ORGANIZATION MANAGES TWO FHA AND HUD FINANCED HOUSING COMPLEXES
THE ORGANIZATION HAS DEVELOPED AN ASSISTED LIVING/NURSING HOME SENIOR
THE ORGANIZATION HAS DEVELOPED A SENIOR CITIZENS DUPLEX HOUSING AREA
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Gary Hatle Vice Pres | OfficerTrustee | 1 | $0 |
Kenneth Webber President | OfficerTrustee | 4 | $0 |
Joan Gunnison Secrtry/treas | OfficerTrustee | 1 | $0 |
Mark Sehnert Director | Trustee | 1 | $0 |
Bonny Medow Director | Trustee | 1 | $0 |
Scott Pettit Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $318,391 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,077,736 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,396,127 |
| Total Program Service Revenue | $1,312,753 |
| Investment income | $18,759 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $10,960 |
| Net Gain/Loss on Asset Sales | -$2,642 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $162,034 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,901,712 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $34,000 |
| 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. | $43,323 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,028,406 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $21,827 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $7,342 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $2,909 |
| Fees for services: Other | $0 |
| Advertising and promotion | $3,057 |
| Office expenses | $18,326 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $42,044 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $146 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $136,159 |
| Insurance | $59,999 |
| All other expenses | $512,067 |
| Total functional expenses | $1,909,605 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,003,169 |
| Savings and temporary cash investments | $432,714 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | -$4,596 |
| 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 | $0 |
| Net Land, buildings, and equipment | $3,619,977 |
| Investments—publicly traded securities | $514,969 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $483,377 |
| Total assets | $6,049,610 |
| Accounts payable and accrued expenses | $49,549 |
| Grants payable | $0 |
| Deferred revenue | $213,300 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $10,107 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $613,600 |
| Total liabilities | $886,556 |
| Net assets without donor restrictions | $0 |
| 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 | $5,163,054 |
| Total liabilities and net assets/fund balances | $6,049,610 |
Grants Awarded
Over the last fiscal year, Reach Foundation has awarded $30,000 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
RIVERTON MED DIS PURPOSE: DONATION | $25,000 |
Riverton, WY PURPOSE: DONATION | $5,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Irc Ii Inc Omaha, NE | $77,092,812 | $15,244,348 |
Mercy Housing Wheaton Nfp Denver, CO | -$15,968,467 | $14,335,053 |
Rocky Mountain Mutual Housing Association Inc Denver, CO | $89,135,511 | $15,318,775 |
Mercy Housing Northwest Denver, CO | $73,547,369 | $9,509,795 |
Ark Regional Services Inc Laramie, WY | $4,970,092 | $7,518,317 |
Community Housing Concepts Inc Denver, CO | $87,603,673 | $7,035,643 |
Homeword Inc Missoula, MT | $58,657,401 | $14,897,886 |
Community Resources & Housing Development Corporation Westminster, CO | $39,546,722 | $6,041,584 |
Elevation Community Land Trust Denver, CO | $49,445,560 | $8,122,320 |
Residences At Eaton Senior Communities Lakewood, CO | $12,361,716 | $4,288,663 |
Thistle Community Housing Boulder, CO | $53,794,788 | $7,131,075 |
Housing In Omaha Inc Omaha, NE | $17,600,066 | $3,936,471 |