Redi Corporation is located in Denver, CO. The organization was established in 1979. According to its NTEE Classification (P73) the organization is classified as: Group Homes, under the broad grouping of Human Services and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Redi 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 03/2022, Redi Corporation generated $882.2k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 57.3% each year . All expenses for the organization totaled $430.2k during the year ending 03/2022. While expenses have increased by 3.4% 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
TO PROVIDE AFFORDABLE HOUSING FOR THE LOW-INCOME, CHRONICALLY MENTALLY ILL.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO PROVIDE AFFORDABLE HOUSING FOR THE LOW-INCOME, CHRONICALLY MENTALLY ILL.
Name (title) | Role | Hours | Compensation |
---|---|---|---|
David Murphy Executive Director | Officer | 2 | $120,833 |
Keely Downs President | OfficerTrustee | 1 | $0 |
Diego Kissack Secretary | OfficerTrustee | 1 | $0 |
Sandra Goldhaber Vice President | OfficerTrustee | 1 | $0 |
Terry Barnard Treasurer | OfficerTrustee | 1 | $0 |
Craig Stack Director | Trustee | 1 | $0 |
Statement of Revenue | |
---|---|
Federated campaigns | $0 |
Membership dues | $0 |
Fundraising events | $0 |
Related organizations | $0 |
Government grants | $165,905 |
All other contributions, gifts, grants, and similar amounts not included above | $39,493 |
Noncash contributions included in lines 1a–1f | $0 |
Total Revenue from Contributions, Gifts, Grants & Similar | $205,398 |
Total Program Service Revenue | $661,004 |
Investment income | $15,428 |
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 | $882,183 |
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. | $120,833 |
Compensation of current officers, directors, key employees. | $120,833 |
Compensation to disqualified persons | $0 |
Other salaries and wages | $35,722 |
Pension plan accruals and contributions | $0 |
Other employee benefits | $8,939 |
Payroll taxes | $4,696 |
Fees for services: Management | $18,704 |
Fees for services: Legal | $1,067 |
Fees for services: Accounting | $45,597 |
Fees for services: Lobbying | $0 |
Fees for services: Fundraising | $0 |
Fees for services: Investment Management | $0 |
Fees for services: Other | $0 |
Advertising and promotion | $2,880 |
Office expenses | $5,669 |
Information technology | $0 |
Royalties | $0 |
Occupancy | $131,848 |
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 | $46,316 |
Insurance | $0 |
All other expenses | $0 |
Total functional expenses | $430,159 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $523,683 |
Savings and temporary cash investments | $0 |
Pledges and grants receivable | $0 |
Accounts receivable, net | $508,050 |
Loans from Officers, Directors, or Controlling Persons | $0 |
Loans from Disqualified Persons | $0 |
Notes and loans receivable | $234,589 |
Inventories for sale or use | $0 |
Prepaid expenses and deferred charges | $11,765 |
Net Land, buildings, and equipment | $641,976 |
Investments—publicly traded securities | $0 |
Investments—other securities | $1,284,168 |
Investments—program-related | $94,294 |
Intangible assets | $1,602 |
Other assets | $12,959 |
Total assets | $3,313,086 |
Accounts payable and accrued expenses | $117,382 |
Grants payable | $0 |
Deferred revenue | $7,828 |
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 | $1,417,557 |
Unsecured mortgages and notes payable | $0 |
Other liabilities | $18,003 |
Total liabilities | $1,560,770 |
Net assets without donor restrictions | $1,752,316 |
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 | $3,313,086 |
Over the last fiscal year, we have identified 1 grants that Redi Corporation has recieved totaling $25,600.
Awarding Organization | Amount |
---|---|
Fidelity Investments Charitable Gift Fund Boston, MA PURPOSE: For grant recipient's exempt purposes | $25,600 |
Organization Name | Assets | Revenue |
---|---|---|
Kvc Behavioral Healthcare Inc Olathe, KS | $6,763,728 | $62,823,943 |
Intermountain Centers For Human Development Inc Tucson, AZ | $10,142,038 | $24,036,803 |
Mingus Mountain Estate Residential Center Inc Prescott Valley, AZ | $8,359,395 | $20,480,830 |
Turn Community Services Inc Salt Lake City, UT | $11,651,050 | $18,606,489 |
Central State Community Services Oklahoma Inc Tulsa, OK | $7,573,561 | $18,181,483 |
Utah Youth Village Salt Lake City, UT | $25,987,884 | $16,011,315 |
Bethany Ranch Home Inc Phoenix, AZ | $10,318,781 | $15,585,652 |
Saguaro Foundation Community Home Program Yuma, AZ | $10,674,930 | $13,859,119 |
Oklahoma Baptist Homes For Children Inc Oklahoma City, OK | $118,462,947 | $17,899,757 |
Tucson Residence Foundation Inc Tucson, AZ | $8,716,288 | $12,594,410 |
New Horizon Youth Homes Inc Chandler, AZ | $13,556,346 | $9,020,298 |
Gap Ministries Tucson, AZ | $9,696,480 | $11,885,359 |