Montrose County Housing Authority
- Assets
- $4.7m
- Revenue
- $1.9m
- Investments
- $0.0
- Employees
- 7
- Location
- Olathe, CO
- Founding
- 02/1999
- Data as of
- 12/2021
- EIN
- 84-0833805
Organization Overview
Montrose County Housing Authority is located in Olathe, CO. The organization was established in 1999. 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 12/2021, Montrose County Housing Authority employed 7 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Montrose County Housing Authority 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, Montrose County Housing Authority generated $1.9m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 3.7% each year. All expenses for the organization totaled $1.9m during the year ending 12/2021. While expenses have increased by 2.2% 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
PROVIDES HOUSING ASSISTANCE TO SENIOR CITIZENS AND VERY LOW INCOME FAMILIES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
SECTION 8 VOUCHERS- ADMINISTRATION OF THE FEDERAL SECTION 8 RENTAL ASSISTANCE PROGRAM. ELIGIBLE HOUSEHOLDS RECEIVE A VOUCHER WHICH ALLOWS THEM TO LEASE A HOME OR APARTMENT WITH RENTAL ASSISTANCE PAID DIRECTLY TO THE LANDLORD.
FARM LABOR HOUSING DUPLEXES- PROVIDES HOUSING TO FARM WORKERS IN OLATHE, COLORADO, IN RESPONSE TO THE NEEDS OF THE AGRICULTURAL COMMUNITY FOR A RELIABLE SOURCE OF FARM LABOR WORKERS. CONSTISTS OF 12 DUPLEXES BUILT ON SCATTERED SITES THOUGHOUT OLATHE, INCLUDING 24 THREE- AND FOUR- BEDROOM FAMILY RENTAL UNITS.
OLATHE MEADOWS- 24 UNIT SENIOR HOUSING PROJECT IN OLATHE, COLORADO THAT HAS HAD A ZERO-VACANCY RATE SINCE OPENING IN 1982. CONSISTS OF SIX ONE-STORY FOURPLEX UNITS. SEVERAL UNITS PROVIDE HANDICAP ACCOMODATIONS.
OTHER PROGRAMS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Susan Barrientos Executive Di | OfficerTrustee | $0 | |
Penny Harris Chairperson | OfficerTrustee | $0 | |
Ann Morgenthaler Vice Chairpe | OfficerTrustee | $0 | |
Mike Hoffman Member | Trustee | $0 | |
Virgil Turner Member | Trustee | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $1,486,696 |
| 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 | $1,486,696 |
| Total Program Service Revenue | $384,505 |
| Investment income | $2,472 |
| 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 | $1,873,673 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $1,043,123 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $93,006 |
| Compensation of current officers, directors, key employees. | $11,161 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $216,166 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $40,711 |
| Payroll taxes | $13,127 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $16,745 |
| Fees for services: Accounting | $3,861 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $95,697 |
| Advertising and promotion | $0 |
| Office expenses | $5,095 |
| Information technology | $8,863 |
| Royalties | $0 |
| Occupancy | $94,428 |
| Travel | $189 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $54 |
| Interest | $778 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $198,930 |
| Insurance | $37,428 |
| All other expenses | $0 |
| Total functional expenses | $1,868,201 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $221,535 |
| Savings and temporary cash investments | $1,215,355 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| 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 | $0 |
| Net Land, buildings, and equipment | $2,672,738 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $557,346 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $4,666,974 |
| Accounts payable and accrued expenses | $30,431 |
| Grants payable | $0 |
| Deferred revenue | $16 |
| 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 | $65,340 |
| Other liabilities | $58,923 |
| Total liabilities | $154,710 |
| Net assets without donor restrictions | $4,512,264 |
| 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 | $4,666,974 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Irc Ii Inc Omaha, NE | $77,092,812 | $15,244,348 |
Mercy Housing Wheaton Nfp Denver, CO | -$15,968,467 | $14,335,053 |
Rocky Mountain Mutual Housing Association Inc Denver, CO | $89,135,511 | $15,318,775 |
Equality Community Housing Corporation Glendale, AZ | $43,109,186 | $12,960,879 |
Mercy Housing Northwest Denver, CO | $73,547,369 | $9,509,795 |
Ark Regional Services Inc Laramie, WY | $4,970,092 | $7,518,317 |
Community Housing Concepts Inc Denver, CO | $87,603,673 | $7,035,643 |
Community Resources & Housing Development Corporation Westminster, CO | $39,546,722 | $6,041,584 |
Elevation Community Land Trust Denver, CO | $49,445,560 | $8,122,320 |
Residences At Eaton Senior Communities Lakewood, CO | $12,361,716 | $4,288,663 |
Arizona Housing Inc Phoenix, AZ | $15,313,221 | $3,724,119 |
Thistle Community Housing Boulder, CO | $53,794,788 | $7,131,075 |