Durango Housing Corporation
- Assets
- $1.7m
- Revenue
- $57.1k
- Investments
- $220.2k
- Employees
- 0
- Location
- Durango, CO
- Founding
- 04/1971
- Data as of
- 12/2022
- EIN
- 84-0605559
Organization Overview
Durango Housing Corporation is located in Durango, CO. The organization was established in 1971. 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. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Durango Housing Corporation 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 12/2022, Durango Housing Corporation generated $57.1k in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 15.1% each year . All expenses for the organization totaled $32.9k during the year ending 12/2022. While expenses have increased by 9.3% per year over the past 8 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.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Philip Gallacher President | 0.5 | $0 | |
Karen Gomez Vice President | 0.5 | $0 | |
Theresa Oliger Secretary/treasurer | 0.5 | $0 | |
M Dolores Barelamiller Director | 0.5 | $0 | |
Bob Gomez Director | 0.5 | $0 | |
James Gomez Director | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $16,265 |
| Dividends & Interest | $0 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $40,855 |
| Total Revenue | $57,120 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $0 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $11,474 |
| Total operating and administrative expenses | $32,915 |
| Contributions, gifts, grants paid | $0 |
| Total expenses and disbursements | $32,915 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $59,857 |
| Savings and temporary cash investments | $1,076,431 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $950 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $220,228 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $343,089 |
| Total assets | $1,700,555 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |