Del Norte Neighborhood Development Corporation
- Assets
- $34.2m
- Revenue
- $3.5m
- Investments
- $0.0
- Employees
- 9
- Location
- Denver, CO
- Founding
- 04/1980
- Data as of
- 12/2021
- EIN
- 84-0783694
Organization Overview
Del Norte Neighborhood Development Corporation is located in Denver, CO. The organization was established in 1980. According to its NTEE Classification (L25) the organization is classified as: Housing Rehabilitation, under the broad grouping of Housing & Shelter and related organizations. As of 12/2022, Del Norte Neighborhood Development Corporation employed 9 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Del Norte Neighborhood Development 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 12/2021, Del Norte Neighborhood Development Corporation generated $3.5m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (8.0%) each year. All expenses for the organization totaled $3.8m during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (1.6%) 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO CREATE AND PRESERVE LOW INCOME HOUSING AND OTHER OPPORTUNITIES FOR UNDERSERVED HOUSEHOLDS, INCLUDING THOSE THAT ARE LOW AND MODERATE INCOME, SPANISH-SPEAKING AND THOSE WITH SPECIAL NEEDS. THE CORE VALUES STATE THAT ALL PERSONS, WITHOUT DISCRIMINATION, HAVE THE RIGHT TO DECENT, SAFE AND SANITARY HOUSING; AND THAT SERVICES FOR SPECIAL NEEDS POPULATIONS NOT ONLY BENEFIT THE SERVICE RECIPIENTS, BUT ALSO FOSTER HEALTHY NEIGHBORHOODS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
OPERATE DECENT, SAFE, AND SANITARY HOUSING AFFORDABLE TO ALL LOW INCOME TO RESIDENTS, INCLUDING THE ELDERLY, DISABLED, AND SPECIAL NEEDS FAMILIES AND INDIVIDUALS WITHIN THE DENVER METRO AREA
PROVIDE ONE-ON-ONE COUNSELING TO FAMILIES AND INDIVIDUALS LOW/MODERATE-INCOME WITH THE PURPOSE OF HELPING THEM TO REACH THEIR GOAL OF PURCHASING A HOME. IN ONE-ON-ONE COUNSELING THE FAMILIES WILL LEARN HOW TO BUDGET, HOW TO BUILD AND ESTABLISH CREDIT, HOW TO SAVE, LENDING PROCESS AND MORTGAGE OPTIONS, BE AWARE OF PREDATORY LENDERS AND HOME MAINTENANCE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Deborah Ortega President | OfficerTrustee | 1 | $0 |
Dolores Moreno Director | Trustee | 1 | $0 |
Federico Alvarez Director | Trustee | 1 | $0 |
Jude Del Hierro Director | Trustee | 1 | $0 |
Joanna Martinez Director | Trustee | 1 | $0 |
Timothy Sandos Director | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Firstonsite Contractor | 12/30/22 | $246,706 |
Ladies Of Loomis Llc Consulting | 12/30/22 | $154,750 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $903,455 |
| All other contributions, gifts, grants, and similar amounts not included above | $301,078 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,204,533 |
| Total Program Service Revenue | $1,877,017 |
| Investment income | $386,767 |
| 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 | $3,468,317 |
| 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. | $197,970 |
| Compensation of current officers, directors, key employees. | $197,970 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $270,292 |
| Pension plan accruals and contributions | $13,690 |
| Other employee benefits | $110,421 |
| Payroll taxes | $44,432 |
| Fees for services: Management | $14,322 |
| Fees for services: Legal | $21,021 |
| Fees for services: Accounting | $93,930 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $1,184 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $253,108 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $440,587 |
| Insurance | $47,218 |
| All other expenses | $107,876 |
| Total functional expenses | $3,754,324 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,070,006 |
| Savings and temporary cash investments | $1,132,744 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $2,175,215 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $10,243,778 |
| Inventories for sale or use | $96,980 |
| Prepaid expenses and deferred charges | $64,080 |
| Net Land, buildings, and equipment | $9,411,501 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $9,960,556 |
| Total assets | $34,154,860 |
| Accounts payable and accrued expenses | $640,556 |
| 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 | $11,013,568 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $93,499 |
| Total liabilities | $11,747,623 |
| Net assets without donor restrictions | $22,160,325 |
| Net assets with donor restrictions | $246,912 |
| 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 | $34,154,860 |