Aurora Housing Corporation
- Assets
- $12.1m
- Revenue
- $724.9k
- Investments
- $0.0
- Employees
- 0
- Location
- Denver, CO
- Founding
- 01/1987
- Data as of
- 12/2021
- EIN
- 84-1034458
Organization Overview
Aurora Housing Corporation is located in Denver, CO. The organization was established in 1987. According to its NTEE Classification (L25) the organization is classified as: Housing Rehabilitation, under the broad grouping of Housing & Shelter and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Aurora Housing Corporation 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, Aurora Housing Corporation generated $724.9k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (9.2%) each year. All expenses for the organization totaled $436.3k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (9.4%) per year over the past 7 years. 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
REHABILITATION, DEVELOPMENT, INVESTMENT, CONSTRUCTION AND OPERATION OF LOW-INCOME HOUSING.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE ORGANIZATION OWNS, OPERATES, REHABILITATES AND ASSISTS IN THE DEVELOPMENT OF MULTI-FAMILY LOW-INCOME HOUSING IN THE STATE OF COLORADO.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Ashley Karros Vice President | Officer | 1 | $0 |
Jane Harrington President | Officer | 1 | $0 |
Greg Shields Secretary/treasurer | Officer | 1 | $0 |
Stephen Vanvladricken Director | Trustee | 1 | $0 |
Signy Mikita Executive Dir. | Trustee | 1 | $0 |
Walter Huff Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $17,800 |
| 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 | $17,800 |
| Total Program Service Revenue | $0 |
| Investment income | $697,963 |
| 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 | $724,944 |
| 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 | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| 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 | $0 |
| Advertising and promotion | $0 |
| Office expenses | $186,571 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $8,718 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $226,165 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $14,885 |
| Total functional expenses | $436,339 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $195,290 |
| Savings and temporary cash investments | $474,899 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $5,429,229 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $4,800,760 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $80,799 |
| Net Land, buildings, and equipment | $598,693 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $483,273 |
| Total assets | $12,062,943 |
| Accounts payable and accrued expenses | $1,789,542 |
| 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 | $3,627,147 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $5,416,689 |
| Net assets without donor restrictions | $6,646,254 |
| 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 | $12,062,943 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
The Primavera Foundation Inc Tucson, AZ | $17,866,419 | $11,969,146 |
Holy Name Housing Corporation Omaha, NE | $22,109,474 | $11,884,709 |
Del Norte Neighborhood Development Corporation Denver, CO | $34,154,860 | $3,468,317 |
Habitat For Humanity International Inc Durango, CO | $4,364,928 | $1,729,163 |
Tenants To Homeowners Inc Lawrence, KS | $10,120,385 | $1,474,160 |
Mennonite Housing Rehabilatation Services Inc Wichita, KS | $8,957,159 | $1,813,824 |
Boulder Housing Coalition Boulder, CO | $4,706,704 | $707,293 |
Mother Marys Sober Home Inc Littleton, CO | $19,442 | $502,925 |
Mercy Bond Properties Colorado I Denver, CO | $2,483,916 | $591,327 |
Johnson County Housing Coalition Inc Shawnee Mission, KS | $0 | $0 |
Aurora Housing Corporation Denver, CO | $12,062,943 | $724,944 |
Hopebuilders Home Repair Inc Overland Park, KS | $339,034 | $410,644 |