Padre Apartments Community
- Assets
- $2.4m
- Revenue
- $911.3k
- Investments
- $0.0
- Employees
- 0
- Location
- Denver, CO
- Founding
- 03/1946
- Data as of
- 12/2021
- EIN
- 84-0789830
Organization Overview
Padre Apartments Community is located in Denver, CO. The organization was established in 1946. According to its NTEE Classification (B20) the organization is classified as: Elementary & Secondary Schools, under the broad grouping of Education and related organizations. This organization is a subordinate organization within an affiliated group for tax-exemption purposes. Padre Apartments Community 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, Padre Apartments Community generated $911.3k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 2.8% each year. All expenses for the organization totaled $726.9k during the year ending 12/2021. 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
THE ORGANIZATION'S PRIMARY EXEMPT PURPOSE IS TO PROVIDE HOUSING SERVICES FOR LOW-INCOME AND HOMELESS PERSONS, WITH HOUSING FACILITIES AND EDUCATIONAL AND SUPPORTIVE SERVICES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PADRE APARTMENTS COMMUNITY, A CALIFORNIA NONPROFIT PUBLIC BENEFIT ORGANIZATION, WAS INITIALLY ORGANIZED IN FEBRUARY 1996 FOR THE PURPOSE OF DEVELOPING, CONSTRUCTING, OWNING, AND OPERATING A 41-UNIT APARTMENT COMPLEX OPERATING UNDER THE NAME OF PADRE APARTMENTS. THE ORGANIZATION IS LOCATED IN SAN FRANCISCO, CALIFORNIA AND BEGAN OPERATIONS IN MARCH 2001.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Erika Villablanca Vice President/director | OfficerTrustee | 1 | $0 |
Barbara Gualco Chair/vp/director | OfficerTrustee | 1 | $0 |
Doug Shoemaker President/director | OfficerTrustee | 1 | $0 |
Amy Bayley Assty Secty/director | OfficerTrustee | 1 | $0 |
Alvin Tuvilla Vice President | Officer | 1 | $0 |
Chad Payne Treasurer | Officer | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $711,927 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $711,927 |
| Total Program Service Revenue | $200,900 |
| Investment income | $7,794 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$9,351 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $911,270 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $97,711 |
| Pension plan accruals and contributions | $2,303 |
| Other employee benefits | $19,723 |
| Payroll taxes | $8,250 |
| Fees for services: Management | $40,344 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $13,054 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $756 |
| Office expenses | $27,716 |
| Information technology | $1,378 |
| Royalties | $0 |
| Occupancy | $206,983 |
| Travel | $1,262 |
| 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 | $178,727 |
| Insurance | $0 |
| All other expenses | $1,278 |
| Total functional expenses | $726,852 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $96,996 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $1,790 |
| 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 | $13,495 |
| Net Land, buildings, and equipment | $1,574,694 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $740,038 |
| Total assets | $2,427,013 |
| Accounts payable and accrued expenses | $54,445 |
| Grants payable | $0 |
| Deferred revenue | $1,167 |
| 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 | $867,850 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $18,012 |
| Total liabilities | $941,474 |
| Net assets without donor restrictions | $1,485,539 |
| 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 | $2,427,013 |
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