Archuleta Housing Corp
- Assets
- $1.4m
- Revenue
- $912.3k
- Investments
- $0.0
- Employees
- 7
- Location
- Pagosa Springs, CO
- Founding
- Data as of
- 06/2024
- EIN
- 84-0635861
Organization Overview
Archuleta Housing Corp is located in Pagosa Springs, CO. According to its NTEE Classification (L40) the organization is classified as: Temporary Housing, under the broad grouping of Housing & Shelter and related organizations. As of 06/2024, Archuleta Housing Corp employed 7 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Archuleta Housing Corp 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 06/2024, Archuleta Housing Corp generated $912.3k in total revenue. This organization has experienced exceptional growth, as over the past 4 years, it has increased revenue by an average of 12.1% each year . All expenses for the organization totaled $621.5k during the year ending 06/2024. While expenses have increased by 2.9% per year over the past 4 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
2024
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE SAFE, AFFORDABLE HOUSING AND TO UTILIZE THAT HOUSING AS A PLATFORM FOR IMPROVING QUALITY OF LIFE, PROMOTING SELF-SUFFICIENCY AND BUILDING COMMUNITY
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO PROVIDE, ON A NON-PROFIT BASIS, HOUSING FOR LOW AND MODERATE INCOME FAMILIES AND INDIVIDUALS, AND FOR PERSONS DISPLACED FROM URBAN RENEWAL AREAS OR AS A RESULT OF DEVELOPMENT AND/OR GOVERNMENT ACTIVITY, WHERE HOUSING FOR SUCH FAMILIES AND INDIVIDUALS IS INSUFFICIENT OR INADEQUATE, PURSUANT TO THE NATIONAL HOUSING ACT. CURRENTLY, OPERATE A 52 UNIT FACILITY FOR THE LOW AND MODERATE INCOME PERSONS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Carol Riley Executive Director | 32 | $64,556 | |
Michelle Keplinger Director | Trustee | 0 | $0 |
Veronica Medina Director | Trustee | 0 | $0 |
Dave Robb President | Officer | 0 | $0 |
Lezlie Struble Secretary | Officer | 0 | $0 |
Mary Jo Coulahan Treasurer | Officer | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $576,538 |
| All other contributions, gifts, grants, and similar amounts not included above | $6,619 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $583,157 |
| Total Program Service Revenue | $320,177 |
| Investment income | $316 |
| 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 | $912,277 |
| 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. | $64,556 |
| Compensation of current officers, directors, key employees. | $64,556 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $135,229 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $16,361 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $403 |
| Fees for services: Accounting | $30,435 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $120 |
| Office expenses | $14,563 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $122,322 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $1,241 |
| Interest | $7,836 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $26,449 |
| Insurance | $37,159 |
| All other expenses | $16,867 |
| Total functional expenses | $621,456 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $130,029 |
| Savings and temporary cash investments | $220,379 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $21,579 |
| 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 | $289 |
| Net Land, buildings, and equipment | $901,963 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $134,969 |
| Total assets | $1,409,208 |
| Accounts payable and accrued expenses | $174,620 |
| Grants payable | $0 |
| Deferred revenue | $2,657 |
| 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 | $731,427 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $262,394 |
| Total liabilities | $1,171,098 |
| Net assets without donor restrictions | $17,731 |
| Net assets with donor restrictions | $220,379 |
| 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 | $1,409,208 |