Golden West Communities Inc
- Assets
- $53.2m
- Revenue
- $1.3m
- Investments
- $0.0
- Employees
- 33
- Location
- Boulder, CO
- Founding
- 04/1999
- Data as of
- 12/2023
- EIN
- 84-0526484
Organization Overview
Golden West Communities Inc is located in Boulder, CO. The organization was established in 1999. According to its NTEE Classification (P75) the organization is classified as: Supportive Housing for Older Adults, under the broad grouping of Human Services and related organizations. As of 12/2023, Golden West Communities Inc employed 33 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Golden West Communities Inc 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 12/2023, Golden West Communities Inc generated $1.3m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 9 years, the organization has seen revenues fall by an average of (17.7%) each year. All expenses for the organization totaled $1.3m during the year ending 12/2023. As we would expect to see with falling revenues, expenses have declined by (17.0%) per year over the past 9 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE QUALITY HOUSING AND RELATED SERVICES TO PERSONS AGED 62 AND OLDER AND AFFORDABLE HOUSING FOR LOW-INCOME MULTI-FAMILIES IN AN ENVIRONMENT THAT IS SUPPORTIVE OF SENIOR RESIDENTS AND THE LOCAL COMMUNITY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDING APARTMENT RENTALS, ASSISTED LIVING CARE, FOOD SERVICE, SOCIAL ACTIVITIES, WELLNESS PROGRAMS, AND SUPPORTIVE SERVICES FOR THE ELDERLY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
John R Hinkelman President | OfficerTrustee | 2 | $0 |
Janet Lappen Vice President | OfficerTrustee | 2 | $0 |
J Dennis Hynes Treasurer | OfficerTrustee | 2 | $0 |
Jacqueline Attlesey-Pries Secretary | OfficerTrustee | 2 | $0 |
Mark Wiete Director | Trustee | 1 | $0 |
Jeffrey Foster Director | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
New Horizon Food Services | 12/30/20 | $501,494 |
Palace Construction Construction | 12/30/20 | $205,148 |
Kaiser Permanente Healthcare Svcs | 12/30/20 | $280,150 |
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 | $1,195,908 |
| Investment income | $60,145 |
| 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 | $1,256,053 |
| 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 | $470,824 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $151,486 |
| Payroll taxes | $47,702 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $20,336 |
| Fees for services: Accounting | $40,765 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $89,820 |
| Advertising and promotion | $662 |
| Office expenses | $496 |
| 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 | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $278,542 |
| Insurance | $2,136 |
| All other expenses | $24,007 |
| Total functional expenses | $1,294,799 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $696,408 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $20,736 |
| 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 | $130,434 |
| Net Land, buildings, and equipment | $5,517,196 |
| Investments—publicly traded securities | $191,833 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $46,663,391 |
| Total assets | $53,219,998 |
| Accounts payable and accrued expenses | $62,729 |
| 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 | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $962,757 |
| Total liabilities | $1,025,486 |
| Net assets without donor restrictions | $52,194,512 |
| 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 | $53,219,998 |