Redi Corporation
- Assets
- $6.8m
- Revenue
- $2.3m
- Investments
- $1.8m
- Employees
- 0
- Location
- Denver, CO
- Founding
- 02/1979
- Data as of
- 03/2023
- EIN
- 84-0761658
Organization Overview
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 03/2023, Redi Corporation generated $2.3m in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 67.8% each year . All expenses for the organization totaled $389.8k during the year ending 03/2023. While expenses have increased by 1.7% 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
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.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Keely Downs President | OfficerTrustee | 1 | $0 |
Sandra Goldhaber Vice President | OfficerTrustee | 1 | $0 |
Terry Barnard Treasurer | OfficerTrustee | 1 | $0 |
Diego Kissack Secretary | OfficerTrustee | 1 | $0 |
Craig Stack Director | Trustee | 1 | $0 |
Heather Iden Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $545,311 |
| Government grants | $1,502,600 |
| All other contributions, gifts, grants, and similar amounts not included above | $152,728 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,200,639 |
| Total Program Service Revenue | $47,806 |
| Investment income | $85,101 |
| 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 | $2,334,546 |
| 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. | $50,000 |
| Compensation of current officers, directors, key employees. | $25,000 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $51,999 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $8,610 |
| Payroll taxes | $5,381 |
| Fees for services: Management | $20,798 |
| Fees for services: Legal | $973 |
| Fees for services: Accounting | $38,113 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $530 |
| Office expenses | $7,206 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $139,116 |
| 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 | $46,028 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $389,779 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $715,106 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $3,328,526 |
| 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 | $16,504 |
| Net Land, buildings, and equipment | $606,834 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $1,768,271 |
| Investments—program-related | $81,882 |
| Intangible assets | $1,372 |
| Other assets | $13,250 |
| Total assets | $6,766,334 |
| Accounts payable and accrued expenses | $355,360 |
| Grants payable | $0 |
| Deferred revenue | $6,550 |
| 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 | $2,732,808 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $16,862 |
| Total liabilities | $3,111,580 |
| Net assets without donor restrictions | $3,654,754 |
| 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 | $6,766,334 |