Housing Solutions For The Southwest Inc
- Assets
- $9.4m
- Revenue
- $2.1m
- Investments
- $0.0
- Employees
- 26
- Location
- Durango, CO
- Founding
- 06/1982
- Data as of
- 12/2022
- EIN
- 84-0853925
Organization Overview
Housing Solutions For The Southwest Inc is located in Durango, CO. The organization was established in 1982. According to its NTEE Classification (L81) the organization is classified as: Home Improvement & Repairs, under the broad grouping of Housing & Shelter and related organizations. As of 12/2022, Housing Solutions For The Southwest Inc employed 26 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Housing Solutions For The Southwest Inc 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 12/2022, Housing Solutions For The Southwest Inc generated $2.1m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 10.0% each year . All expenses for the organization totaled $2.0m during the year ending 12/2022. While expenses have increased by 11.3% 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.
Since 2015, Housing Solutions For The Southwest Inc has awarded 25 individual grants totaling $482,231. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
THE MISSION OF HOUSING SOLUTIONS FOR THE SOUTHWEST IS TO LEAD THE WAY PROVIDING HELP, HOPE, AND A SEAMLESS SYSTEM OF AFFORDABLE HOUSING SERVICES TO OUR COMMUNITIES IN SOUTHWEST COLORADO.
Describe the Organization's Program Activity:
Part 3 - Line 4a
HOMELESS PREVENTION, RAPID & TRANSITIONAL HOUSING: THIS PROGRAM OF HSSW PROVIDES RENTAL ASSISTANCE AND SUPPORTIVE SERVICES THAT PROMOTE LONG-TERM STABILITY, AND CONNECT INDIVIDUALS AND FAMILIES TO COMMUNITY RESOURCES. TRANSITIONAL HOUSING SUPPORT IS PROVIDED AS WELL TO VICTIMS OF CRIME AND DOMESTIC VIOLENCE AND SEXUAL ASSAULT. STAFF SUPPORT CLIENTS WITH SELF- DIRECTED GOAL PLANNING; GOALS OF EDUCATION, CAREER, HEALTHY CHILD DEVELOPMENT, BUDGETING AND LIVABLE WAGE EMPLOYMENT CAN BE ACHIEVED WITH STABLE HOUSING IN PLACE.
HOUSING COUNSELING 215,799 HOME REHAB & REVOLVING LOAN FUND 179,262 HOME & HOUSING REPAIR 144,959 HOUSING VOUCHER MANAGEMENT 120,974
HOUSING DEVELOPMENT: HOUSING SOLUTIONS FOR THE SOUTHWEST IS COMMITTED TO DEVELOPING AFFORDABLE HOUSING THROUGH TAX CREDIT PROJECTS AND PARTNERSHIPS WITH FOUNDATIONS, LOCAL AND STATE GOVERNMENT AND OTHER PRIVATE AND PUBLIC ENTITIES. HSSW OWNS AND MANAGES AFFORDABLE HOUSING COMMUNITIES IN SOUTHWEST COLORADO, INCLUDING SOUTHWEST HORIZON RANCH (61 SINGLE FAMILY HOMES), SOCORRO SENIOR LIVING CENTER (19 APARTMENTS), HOMEWARD BOUND (5 APARTMENTS), AND ESPERO PERMANENT SUPPORTED HOUSING (40 APARTMENTS).
COVID 19 EMERGENCY ASSISTANCE
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Rj Rieger Chair | OfficerTrustee | 2 | $0 |
Shelley Low Vice Chair | OfficerTrustee | 2 | $0 |
Jim Bolen Past Chair/s | OfficerTrustee | 2 | $0 |
Julie Bingham Director | Trustee | 2 | $0 |
John Egan Director | Trustee | 2 | $0 |
Scott Fetchenhier Director | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $906,684 |
| All other contributions, gifts, grants, and similar amounts not included above | $508,527 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,415,211 |
| Total Program Service Revenue | $702,762 |
| Investment income | $1,070 |
| 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 | $2,111,698 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $87,782 |
| Grants and other assistance to domestic individuals. | $172,509 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $123,491 |
| Compensation of current officers, directors, key employees. | $11,779 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $841,671 |
| Pension plan accruals and contributions | $21,440 |
| Other employee benefits | $84,055 |
| Payroll taxes | $76,349 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $240,897 |
| Advertising and promotion | $669 |
| Office expenses | $26,026 |
| Information technology | $14,399 |
| Royalties | $0 |
| Occupancy | $27,371 |
| Travel | $10,849 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $10,033 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $39,339 |
| Insurance | $28,149 |
| All other expenses | $1,428 |
| Total functional expenses | $1,978,849 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $580,270 |
| Savings and temporary cash investments | $1,296,358 |
| Pledges and grants receivable | $347,811 |
| Accounts receivable, net | $269,206 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $3,043,224 |
| Inventories for sale or use | $6,413 |
| Prepaid expenses and deferred charges | $17,344 |
| Net Land, buildings, and equipment | $600,431 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $2,036,990 |
| Intangible assets | $0 |
| Other assets | $1,166,770 |
| Total assets | $9,364,817 |
| Accounts payable and accrued expenses | $213,321 |
| Grants payable | $0 |
| Deferred revenue | $13,046 |
| 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 | $188,577 |
| Other liabilities | $0 |
| Total liabilities | $414,944 |
| Net assets without donor restrictions | $6,998,064 |
| Net assets with donor restrictions | $1,951,809 |
| 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 | $9,364,817 |
Grants Awarded
Over the last fiscal year, Housing Solutions For The Southwest Inc has awarded $83,322 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
VOLUNTEERS OF AMERICA -CO PURPOSE: EMERGENCY SVCS/OTHER | $10,000 |
MONTEZUMA COUNTY SENIOR CENTER PURPOSE: SUPPORTIVE SERVICES | $31,742 |
HOUSING RESOURCES OF WESTERN CO PURPOSE: RENT ASSISTANCE | $41,580 |