Adeo Colorado
- Assets
- $6.6m
- Revenue
- $3.4m
- Investments
- $0.0
- Employees
- 109
- Location
- Greeley, CO
- Founding
- 06/1979
- Data as of
- 09/2022
- EIN
- 84-0779790
Organization Overview
Adeo Colorado is located in Greeley, CO. The organization was established in 1979. According to its NTEE Classification (E92) the organization is classified as: Home Health Care, under the broad grouping of Health Care and related organizations. As of 09/2022, Adeo Colorado employed 109 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Adeo 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 09/2022, Adeo Colorado generated $3.4m in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (2.9%) each year. All expenses for the organization totaled $3.2m during the year ending 09/2022. As we would expect to see with falling revenues, expenses have declined by (3.9%) per year over the past 7 years. 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
ADEO SERVES PEOPLE WITH DISABILITIES BY PROVIDING SERVICES TAILORED TO MEET INDIVIDUAL NEEDS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
REHABILITATION FOR DISABLED AND ELDERLY ADULTS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Sarita Reddy Executive Di | Officer | 40 | $129,780 |
Nick Berryman President | OfficerTrustee | 1 | $0 |
Deborah Sergesketter Vice Chairpe | OfficerTrustee | 1 | $0 |
Sharon Werning Treasurer | OfficerTrustee | 1 | $0 |
Christopher Woodruff Secretary | OfficerTrustee | 1 | $0 |
Kristi Hattig Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $123,156 |
| All other contributions, gifts, grants, and similar amounts not included above | $7,349 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $130,505 |
| Total Program Service Revenue | $2,712,886 |
| Investment income | $6,113 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $379,947 |
| Net Gain/Loss on Asset Sales | -$1,567 |
| Net Income from Fundraising Events | $20,471 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $3,410,184 |
| 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. | $110,170 |
| Compensation of current officers, directors, key employees. | $110,170 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,649,568 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $159,663 |
| Payroll taxes | $130,954 |
| Fees for services: Management | $17,629 |
| Fees for services: Legal | $17,554 |
| Fees for services: Accounting | $9,000 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $416,333 |
| Advertising and promotion | $29,868 |
| Office expenses | $14,146 |
| Information technology | $29,615 |
| Royalties | $0 |
| Occupancy | $126,066 |
| Travel | $12,417 |
| 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 | $225,844 |
| Insurance | $109,519 |
| All other expenses | $20,775 |
| Total functional expenses | $3,216,491 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,316,711 |
| Savings and temporary cash investments | $314,473 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $123,025 |
| 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 | $58,297 |
| Net Land, buildings, and equipment | $3,875,346 |
| Investments—publicly traded securities | $656,551 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $226,017 |
| Total assets | $6,570,420 |
| Accounts payable and accrued expenses | $230,177 |
| Grants payable | $0 |
| 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 | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $14,100 |
| Total liabilities | $244,277 |
| Net assets without donor restrictions | $6,254,615 |
| Net assets with donor restrictions | $71,528 |
| 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 | $6,570,420 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Adeo Colorado has recieved totaling $16,500.
| Awarding Organization | Amount |
|---|---|
The Weld Trust Greeley, CO PURPOSE: WALK RUN OR ROLL 2021 | $16,000 |
Otter Cares Foundation Fort Collins, CO PURPOSE: WALK, RUN OR ROLL 2021 | $500 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Life Pace Inc Tulsa, OK | $6,248,678 | $18,576,066 |
Colorado Visiting Nurse Association Denver, CO | $8,137,996 | $19,160,969 |
Nursing & Therapy Services Of Co Inc Colorado Springs, CO | $12,104,479 | $16,653,136 |
Visiting Nurse Assocation Of The Midlands Omaha, NE | $21,774,408 | $34,105,411 |
Northwest Colorado Visiting Nurse Association Steamboat Springs, CO | $13,619,558 | $15,168,766 |
Homeassist Health Inc Phoenix, AZ | $4,783,537 | $10,547,462 |
Special Kids - Special Families Inc Colorado Springs, CO | $3,295,295 | $8,051,036 |
Summitwest Care Grand Junction, CO | $4,454,530 | $7,205,627 |
Douglas County Visiting Nurses Association Inc Lawrence, KS | $13,803,912 | $8,321,358 |
Visiting Nurse Health Services Omaha, NE | $2,144,625 | $5,721,468 |
Mountain Home Health Care Inc Taos, NM | $1,941,812 | $3,542,498 |
Adeo Colorado Greeley, CO | $6,570,420 | $3,410,184 |