Neighborworks Southern Colorado
- Assets
- $14.8m
- Revenue
- $2.9m
- Investments
- $0.0
- Employees
- 23
- Location
- Pueblo, CO
- Founding
- 03/1978
- Data as of
- 09/2023
- EIN
- 84-0747226
Organization Overview
Neighborworks Southern Colorado, operating under the name NeighborWorks Southern Colorado, is located in Pueblo, CO. The organization was established in 1978. According to its NTEE Classification (L80) the organization is classified as: Housing Support, under the broad grouping of Housing & Shelter and related organizations. As of 09/2023, NeighborWorks Southern Colorado employed 23 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. NeighborWorks Southern Colorado 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 09/2023, NeighborWorks Southern Colorado generated $2.9m 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 $2.1m during the year ending 09/2023. While expenses have increased by 15.5% 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.
Since 2021, NeighborWorks Southern Colorado has awarded 35 individual grants totaling $450,927. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
OUR MISSION IS TO PROMOTE HEALTHY, VIBRANT NEIGHBORHOODS AND SERVE AS A FIRST CHOICE FOR HOMEBUYER RESOURCES IN SOUTHERN COLORADO. WE HAVE FOUR PILLARS: EDUCATE, BUILD, LEND, AND ENGAGE, THAT GUIDE US IN EVERYTHING WE DO. OUR HUD-CERTIFIED HOUSING COUNSELORS PROVIDE EDUCATION TO HOMEBUYERS THROUGHOUT THE PROCESS OF PURCHASING A HOME AND ALSO PROVIDE FINANCIAL FITNESS CLASSES AND RENTAL EDUCATION AS WELL AS FORECLOSURE EDUCATION. WE ARE BUILDING HYDE PARK GARDENS, A SMALL SUBDIVISION ON PUEBLO'S WEST SIDE, AND WILL BEGIN CONSTRUCTION ON PIKES PEAK PARK, A LARGER SUBDIVISION ON PUEBLO'S WEST SIDE, THIS YEAR. OUR LENDING ARM, SOUTHERN COLORADO COMMUNITY LENDING, OFFERS MORTGAGES, REHAB LOANS, AND BUSINESS LOANS. WE ENGAGE OUR COMMUNITY THROUGH MANY ACTIVITIES INCLUDING A COMMUNITY GARDEN AND THE BESSEMER FOOD PANTRY THAT PROVIDES FOOD TO THOSE IN NEED.
Describe the Organization's Program Activity:
Part 3 - Line 4a
AFFORDABLE HOUSING: 1,634 FAMILIES EDUCATED IN PRE-PURCHASE, POST-PURCHASE, FINANCIAL CAPABILITY OR FORECLOSURE COUNSELING IN FY 2023. 630 NEW HOMEOWNERS CREATED. $4,251,000 IN COMMERCIAL LENDING IN FY 2023.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Ashleigh Winans CEO | Officer | 40 | $143,513 |
Andrea Delagarza President | OfficerTrustee | 2 | $0 |
Heidi Gamer Vice President (term Began 11/02/2023) | OfficerTrustee | 2 | $0 |
Bruce C Raymond Vice President (term Ended 7/31/2023) | OfficerTrustee | 2 | $0 |
Albert Spinuzzi Treasurer | OfficerTrustee | 2 | $0 |
Willie Faris Secretary | OfficerTrustee | 2 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Civitas Inc Architect Services For Development Proje | 9/29/23 | $346,021 |
Northstar Engineering And Surveying Civil Engineering And Surveying For Deve | 9/29/23 | $148,136 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $71,178 |
| Related organizations | $0 |
| Government grants | $1,504,874 |
| All other contributions, gifts, grants, and similar amounts not included above | $250,827 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,826,879 |
| Total Program Service Revenue | $741,736 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $246,258 |
| Net Income from Fundraising Events | -$42,971 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,932,299 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $19,602 |
| 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. | $268,235 |
| Compensation of current officers, directors, key employees. | $34,871 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $682,721 |
| Pension plan accruals and contributions | $15,141 |
| Other employee benefits | $119,335 |
| Payroll taxes | $78,977 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $23,863 |
| Fees for services: Accounting | $59,245 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $96,548 |
| Advertising and promotion | $20,487 |
| Office expenses | $109,943 |
| Information technology | $25,542 |
| Royalties | $0 |
| Occupancy | $63,058 |
| Travel | $68,626 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $83,746 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $37,576 |
| Insurance | $7,767 |
| All other expenses | $0 |
| Total functional expenses | $2,113,136 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $3,307,967 |
| Savings and temporary cash investments | $1,000,000 |
| Pledges and grants receivable | $148,979 |
| Accounts receivable, net | $131,697 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $6,590,112 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $885,809 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $2,709,817 |
| Total assets | $14,774,381 |
| Accounts payable and accrued expenses | $323,314 |
| Grants payable | $866,797 |
| 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 | $3,569,177 |
| Unsecured mortgages and notes payable | $4,474,604 |
| Other liabilities | $14,249 |
| Total liabilities | $9,248,141 |
| Net assets without donor restrictions | $5,357,261 |
| Net assets with donor restrictions | $168,979 |
| 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 | $14,774,381 |
Grants Awarded
Over the last fiscal year, Neighborworks Southern Colorado has awarded $60,000 in support to 4 organizations.
| Grant Recipient | Amount |
|---|---|
ACME CLEANERS PURPOSE: Disaster response and recovery funding | $15,000 |
3D VISION INC PURPOSE: Disaster response and recovery funding | $15,000 |
ELEV8TE ENTERPRISES PURPOSE: Disaster response and recovery funding | $15,000 |
BX CONCRETE PURPOSE: Disaster response and recovery funding | $15,000 |