Northeast Denver Housing Center Inc
- Assets
- $58.4m
- Revenue
- $39.1m
- Investments
- $0.0
- Employees
- 20
- Location
- Denver, CO
- Founding
- 08/1983
- Data as of
- 12/2021
- EIN
- 84-0909291
Organization Overview
Northeast Denver Housing Center Inc is located in Denver, CO. The organization was established in 1983. According to its NTEE Classification (L20) the organization is classified as: Housing Development, Construction & Management, under the broad grouping of Housing & Shelter and related organizations. As of 12/2021, Northeast Denver Housing Center Inc employed 20 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Northeast Denver Housing Center 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 12/2021, Northeast Denver Housing Center Inc generated $39.1m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 33.6% each year . All expenses for the organization totaled $36.8m during the year ending 12/2021. While expenses have increased by 40.4% 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
NORTHEAST DENVER HOUSING CENTER, INC'S PURPOSE IS TO PROMOTE AFFORDABLE HOUSING AND ECONOMIC DEVELOPMENTAL PROJECTS/PROGRAMS AS WELL AS COMPREHENSIVE COUNSELING AND HOME OWNERSHIP INCUBATION.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE ORGANIZATION HAS ESTABLISHED AN INNOVATIVE PROGRAM THAT USES HOUSING AS A PLATFORM FOR SERVING THE NEEDS OF LOW TO MODERATE INCOME HOUSEHOLDS THROUGH THE DESIGN/DEVELOPMENT OF AFFORDABLE RENTAL/OWNERSHIP UNITS AND THE PROVISION OF SUPPORTIVE SERVICES AIMED AT IMPROVING THE LIFE SKILLS AND ECONOMIC OPPORTUNITIES OF ITS CLIENTS.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Getebecha Mekennon Executive Di | Officer | 40 | $162,000 |
Roy Alexander Chair Person | OfficerTrustee | 4 | $0 |
Georgina Olakanye Secretary/tr | OfficerTrustee | 4 | $0 |
Phoebe Archuleta Director | Trustee | 4 | $0 |
Kristopher Colley Director | Trustee | 4 | $0 |
Kenneth Cunningham Secretary/tr | Trustee | 4 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $7,710,299 |
| All other contributions, gifts, grants, and similar amounts not included above | $293,733 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $8,004,032 |
| Total Program Service Revenue | $30,620,307 |
| Investment income | $392,563 |
| 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 | $39,072,373 |
| 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. | $162,000 |
| Compensation of current officers, directors, key employees. | $16,200 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $698,113 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $188,696 |
| 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 | $52,595 |
| Advertising and promotion | $0 |
| Office expenses | $64,729 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $31,886 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $1,216,767 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $777,721 |
| Insurance | $0 |
| All other expenses | $634,739 |
| Total functional expenses | $36,806,883 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $9,045,810 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $190,051 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $14,785,687 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $89,143 |
| Net Land, buildings, and equipment | $15,821,130 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $18,475,373 |
| Total assets | $58,407,194 |
| Accounts payable and accrued expenses | $93,282 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| 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 | $25,047,908 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $1,941,916 |
| Total liabilities | $27,083,106 |
| Net assets without donor restrictions | $29,954,630 |
| Net assets with donor restrictions | $1,369,458 |
| 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 | $58,407,194 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Northeast Denver Housing Center Inc has recieved totaling $52,629.
| Awarding Organization | Amount |
|---|---|
Energy Outreach Colorado Denver, CO PURPOSE: ENERGY ASSISTANCE | $45,000 |
Community First Foundation Arvada, CO PURPOSE: GENERAL PURPOSE | $7,629 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
City Of Scottsdale Municipal Property Corp Scottsdale, AZ | $479,997,584 | $48,828,086 |
Foundation For Affordable Housing Omaha, NE | $529,060,224 | $34,736,721 |
Mercy Housing California Denver, CO | $227,832,939 | $51,666,218 |
Northeast Denver Housing Center Inc Denver, CO | $58,407,194 | $39,072,373 |
Mercy Housing Inc Denver, CO | $121,949,049 | $44,644,651 |
Mercy Housing Lakefront Denver, CO | $45,086,430 | $37,545,157 |
Brothers Redevelopment Inc Edgewater, CO | $28,566,111 | $21,890,998 |
Habitat For Humanity International Inc Omaha, NE | $36,900,454 | $19,457,975 |
Habitat For Humanity International Inc Tulsa, OK | $20,375,468 | $13,816,169 |
South Of Market Mercy Housing Denver, CO | $1,397,293 | $161,294 |
Mccalls Community Homes Inc Ada, OK | $3,788,949 | $9,810,630 |
Western Region Nonprofit Housing Corporation Salt Lake City, UT | $76,676,954 | $12,236,656 |