Residences At Eaton Senior Communities
- Assets
- $14.1m
- Revenue
- $5.0m
- Investments
- $0.0
- Employees
- 44
- Location
- Lakewood, CO
- Founding
- 03/1980
- Data as of
- 09/2022
- EIN
- 84-0798069
Organization Overview
Residences At Eaton Senior Communities is located in Lakewood, CO. The organization was established in 1980. According to its NTEE Classification (L21) the organization is classified as: Low-Income & Subsidized Rental Housing, under the broad grouping of Housing & Shelter and related organizations. As of 09/2022, Residences At Eaton Senior Communities employed 44 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Residences At Eaton Senior Communities 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, Residences At Eaton Senior Communities generated $5.0m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 10.3% each year . All expenses for the organization totaled $4.9m during the year ending 09/2022. While expenses have increased by 9.9% 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 HOUSING SERVICES FOR LOW TO MODERATE INCOME SENIORS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROGRAM PROVIDES 162 APARTMENTS FOR OCCUPANCY TO ELDERLY INDIVIDUALS WHO QUALIFY FOR FEDERAL ASSISTED LOW INCOME SECTION 8 HOUSING.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Dan Kullas Chair | OfficerTrustee | 4 | $0 |
Jennifer Vagher Vice Chair | OfficerTrustee | 4 | $0 |
Richard Wyse Sec/treasurer | OfficerTrustee | 4 | $0 |
Sandy Bowlin Director | Trustee | 4 | $0 |
Ben Bryan Director | Trustee | 4 | $0 |
Martin Herz Director | Trustee | 4 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $699,799 |
| Government grants | $50,454 |
| All other contributions, gifts, grants, and similar amounts not included above | $18,094 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $768,347 |
| Total Program Service Revenue | $4,266,083 |
| Investment income | $1,326 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$40,759 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $5,045,629 |
| 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 | $1,347,049 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $177,582 |
| Payroll taxes | $97,230 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $10,094 |
| Fees for services: Accounting | $20,850 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $202,357 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $24,957 |
| Royalties | $0 |
| Occupancy | $213,642 |
| Travel | $18,769 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $1,076,708 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $652,108 |
| Insurance | $128,292 |
| All other expenses | $53,296 |
| Total functional expenses | $4,944,149 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,268 |
| Savings and temporary cash investments | $2,280,872 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $214,226 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $77,339 |
| Prepaid expenses and deferred charges | $52,040 |
| Net Land, buildings, and equipment | $11,154,297 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $235,090 |
| Other assets | $133,204 |
| Total assets | $14,148,336 |
| Accounts payable and accrued expenses | $295,437 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $16,000,000 |
| 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 | $133,204 |
| Total liabilities | $16,428,641 |
| Net assets without donor restrictions | -$2,280,305 |
| 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 | $14,148,336 |