Housing Resources Of Western Colorado

Organization Overview

Housing Resources Of Western Colorado is located in Grand Junction, CO. The organization was established in 1985. According to its NTEE Classification (C30) the organization is classified as: Natural Resources Conservation & Protection, under the broad grouping of Environment and related organizations. As of 06/2022, Housing Resources Of Western Colorado employed 53 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Housing Resources Of Western Colorado 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 06/2022, Housing Resources Of Western Colorado generated $6.0m in total revenue. This represents relatively stable growth, over the past 3 years the organization has increased revenue by an average of 7.4% each year. All expenses for the organization totaled $6.0m during the year ending 06/2022. While expenses have increased by 9.6% per year over the past 3 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.

Mission & Program ActivityExcerpts From the 990T Filing

TAX YEAR

2022

Describe the Organization's Mission:

Part 3 - Line 1

TO PROVIDE AFFORDABLE HOUSING AND TO PROMOTE THE WISE AND SUSTAINABLE USE OF THE EARTH'S RESOURCES.

Describe the Organization's Program Activity:

HOUSING PRESERVATION - HOUSING PRESERVATION COMBINES BOTH THE WEATHERIZATION PROGRAM AND HOUSING REHABILITATION LOAN PROGRAM. SINCE 1988, THE WEATHERIZATION PROGRAM HAS PROVIDED COST-EFFECTIVE, ENERGY-EFFICIENT HOME IMPROVEMENTS TO HOMEOWNERS AND RENTERS. WEATHERIZATION SERVICES ARE FREE TO INCOME QUALIFIED RESIDENTS IN 12 WESTERN COLORADO COUNTIES. SINCE 1991, THE HOUSING REHABILITATION LOAN PROGRAM HAS PROVIDED INCOME QUALIFYING HOMEOWNERS IN MESA, GARFIELD, AND RIO BLANCO COUNTIES ACCESS TO LOW INTEREST-RATE LOANS TO REPAIR AND MAINTAIN THEIR HOMES. THE PROGRAM IS DESIGNED TO FINANCE ESSENTIAL REPAIRS TO IMPROVE HEALTH, SAFETY, ENERGY CONSERVATION, MAJOR AND/OR MINOR DEFICIENCIES, AND ACCESSIBILITY MODIFICATIONS.


HOUSING COUNSELING AND EDUCATION - THE SERVICES PROVIDED THROUGH THE HOUSING COUNSELING AND EDUCATION PROGRAM INCLUDE FINANCIAL COACHING, FINANCIAL CAPABILITY WORKSHOPS, HOMEBUYER EDUCATION CLASSES, PREPURCHASE COUNSELING, POSTPURCHASE COACHING, RENTAL COUNSELING, RENTAL AND MORTGAGE ASSISTANCE, AND FORECLOSURE PREVENTION. WE ARE A HUD-APPROVED COUNSELING AGENCY.COMMUNITY BUILDING AND ENGAGEMENT - OUR COMMUNITY BUILDING AND ENGAGEMENT PROGRAM BUILDS LOCAL VITAL COMMUNITIES THAT PROVIDE EQUITABLE OPPORTUNITIES FOR PEOPLE TO THRIVE. WE STRIVE TO REACH OUR VISION BY CONNECTING PEOPLE, PLACES, AND LOCAL COMMUNITY SYSTEMS. THE PROGRAM PROVIDES COMMUNITY ORGANIZING ACTIVITIES THAT HELP RESIDENTS AND OTHER AREA STAKEHOLDERS COME TOGETHER TO DEVELOP AND PROVIDE LEADERSHIP TO BUILD A STRONG COMMUNITY. THE COMMUNITY BUILDING AND ENGAGEMENT PROGRAM FACILITATES THE MONTROSE HOUSING NETWORK.


ASSET AND PROPERTY MANAGEMENT -OUR ASSETS INCLUDE 180 RENTAL UNITS WITH A VARIETY OF BEDROOM TYPES AND UNITS, 16 LOTS INTENDED FOR SELF HELP DEVELOPMENT (8 IN MESA COUNTY AND 8 IN MONTROSE COUNTY), 4 LOTS INTENDED FOR AFFORDABLE RENTAL UNITS IN MESA COUNTY, AND LAND IN MESA COUNTY OF APPROXIMATELY 14 ACRES INTENDED FOR FUTURE AFFORDABLE HOUSING DEVELOPMENT. OUR RENTAL PROPERTIES HAVE HEALTHY DEBT RATIOS, ALLOWING US TO KEEP OUR RENTS LOW. THE ASSET MANAGEMENT PLAN OUTLINES HOUSING PRESERVATION PROJECTS FUNDED THROUGH GRANTS AND REPLACEMENT RESERVES THROUGH A WATCH LIST OF REPAIRS TO ENSURE SAFE AND HEALTHY PROPERTIES. THE PROPERTY MANAGEMENT PROGRAM PROVIDES RENTAL HOUSING TO QUALIFIED RESIDENTS. OUR PROPERTY RENTAL RATES VARY DEPENDING UPON THE MARKET AND THE BOARD ASSET MANAGEMENT COMMITTEE EVALUATION.


REAL ESTATE DEVELOPMENT - IN THE LAST 4 YEARS, WE HAVE PRIMARILY FOCUSED OUR DEVELOPMENT RESOURCES FOR SINGLE-FAMILY DEVELOPMENT THROUGH THE SELF-HELP HOUSING PROGRAM INCLUDING THE DEVELOPMENT OF THE BUTNER NEIGHBORHOOD 40 HOME COMMUNITY. STARTED IN 1997, THE SELF-HELP HOUSING PROGRAM IS A HOMEOWNERSHIP SWEAT EQUITY PROGRAM THAT GIVES INCOME QUALIFIED FAMILIES THE MEANS TO CONSTRUCT THEIR OWN HOMES. PARTICIPATING FAMILIES PERFORM APPROXIMATELY 65% OF THE CONSTRUCTION LABOR, UNDER QUALIFIED SUPERVISION, ON EACH OTHER'S HOMES. THE USDA RURAL DEVELOPMENT PROVIDES A SUBSIDIZED INTEREST RATE ON THE PARTICIPANTS' CONSTRUCTION FINANCING AND THEIR PERMANENT FINANCING. THE COMBINATION OF THE SUBSIDIZED INTEREST RATE AND THE CONTRIBUTION OF LABOR SUBSTANTIALLY REDUCES THE COST OF EACH HOME AND PROVIDES THE OWNERS WITH AN EQUITY BOOST FROM THE OUTSET OF THEIR OWNERSHIP TENURE.


Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.

Board, Officers & Key Employees

Name (title)Compensation
Mark Luff
Board President
$0
Linda Dannenberger
Vice President
$0
Annette Pfeffer
Treasurer
$0
Keith Fife
Secretary
$0
Dany Bode
Board Member
$0
Sandy Perry
Board Member
$0

Outside Vendors & Contractors

Vendor Name (Service)Compensation
Atlasta Solar Center Llc
Solar Energy Services
$244,880
Monarch Hvac
Hvac Services
$142,499
Triple Ccc Remodeling
Home Repair And Remodeling Services
$128,413
View All Vendors

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$0
Related organizations$0
Government grants $3,805,456
All other contributions, gifts, grants, and similar amounts not included above$399,103
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$4,204,559
Total Program Service Revenue$1,726,205
Investment income $23,724
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales $3,895
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $5,958,383

Peer Organizations

Organization NameAssets
Western Conservation Foundation
Denver, CO
$12,702,937
Environment America Inc
Denver, CO
$14,910,441
Compatible Lands Foundation Inc
Claremore, OK
$8,993,979
Grand Canyon Trust Inc
Flagstaff, AZ
$17,148,112
Housing Resources Of Western Colorado
Grand Junction, CO
$5,958,383
Summit Land Conservancy
Park City, UT
$6,448,207
Badger Creek Corporation
Stilwell, KS
$5,167,664
Tucson Audubon Society
Tucson, AZ
$3,415,125
River Network
Boulder, CO
$3,210,384
Coalitions And Collaboratives Inc
Lake George, CO
$3,153,514
Platte River Whooping Crane Maintenance Trust Inc
Wood River, NE
$2,970,555
Community Office For Resource Efficiency
Aspen, CO
$2,497,992
Sarara Institute
Denver, CO
$2,461,843
Trees Water And People
Fort Collins, CO
$2,525,907
New Mexico Wilderness Alliance
Albuquerque, NM
$2,792,338
Nebraska Game And Parks Foundation
Waverly, NE
$1,577,514
Muley Fanatic Foundation Of Wyoming Inc
Green River, WY
$1,800,088
Lighthawk
Grand Junction, CO
$1,852,660
Borderlands Restoration Network
Patagonia, AZ
$2,627,027
Miracles Inc
Wichita, KS
$1,795,609
Sme Foundation
Englewood, CO
$1,442,741
Future Earth
Fort Collins, CO
$4,233,734
Mountain Studies Institute Inc
Durango, CO
$1,380,013
Native Seeds Southwestrn Endangered Aridland Resources Clearing House
Tucson, AZ
$1,456,271
International Erosion Control Association
Aurora, CO
$1,533,011

Create an account to unlock the data you need.

or