Greccio Housing Unlimited Inc
- Assets
- $17.2m
- Revenue
- $3.6m
- Investments
- $0.0
- Employees
- 38
- Location
- Colorado Springs, CO
- Founding
- 08/1991
- Data as of
- 07/2020
- EIN
- 84-1158819
Organization Overview
Greccio Housing Unlimited Inc is located in Colorado Springs, CO. The organization was established in 1991. 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 07/2021, Greccio Housing Unlimited Inc employed 38 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Greccio Housing Unlimited 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 07/2020, Greccio Housing Unlimited Inc generated $3.6m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 3.5% each year. All expenses for the organization totaled $3.4m during the year ending 07/2020. While expenses have increased by 2.0% per year over the past 6 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
2020
Describe the Organization's Mission:
Part 3 - Line 1
TO PRESERVE, DEVELOP, AND MANTAIN QUALITY AFFORDABLE HOUSING THAT SUPPORTS A SENSE OF COMMUNITY IN THE PIKES PEAK REGION.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO PROVIDE SAFE, STABLE, AFFORDABLE HOUSING, AND TO CREATE SUPPORTIVE OPPURTUNITIES AND SERVICES FOR THEIR RESIDENTS AND TO ENHANCE THEIR INDIVIDUAL GROWTH.
TO PROVIDE SAFE, STABLE, AFFORDABLE HOUSING, AND TO CREATE SUPPORTIVE OPPURTUNITIES AND SERVICES FOR THEIR RESIDENTS AND TO ENHANCE THEIR INDIVIDUAL GROWTH.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Lee Patke Executive Director | Officer | 40 | $114,495 |
Mike Heritage Board President | OfficerTrustee | 1 | $0 |
Zach Bunney Board Treasurer | OfficerTrustee | 1 | $0 |
Bob Bentzen Board Secretary | OfficerTrustee | 1 | $0 |
Steve Ogle Board Vice President | OfficerTrustee | 1 | $0 |
Braden Hammond Board Member | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Abellos Roofing Repair & Maintenance | 7/30/15 | $120,374 |
Neat Services Llc Property Rehab. | 7/30/15 | $117,124 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $642,452 |
| Investment income | $1,463 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $1,200 |
| Net Income from Fundraising Events | $24,865 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $3,606,298 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic individuals. | $114,827 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $108,073 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $815,999 |
| Pension plan accruals and contributions | $26,669 |
| Other employee benefits | $100,409 |
| Payroll taxes | $70,164 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $11,992 |
| Fees for services: Accounting | $45,431 |
| 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 | $41,958 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $14,772 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $251,096 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $612,489 |
| Insurance | $194,971 |
| All other expenses | $0 |
| Total functional expenses | $3,368,632 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,266,053 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $13,750 |
| Accounts receivable, net | $95,941 |
| 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 | $135,861 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $71,745 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $17,249,097 |
| Accounts payable and accrued expenses | $335,304 |
| Grants payable | $0 |
| Deferred revenue | $54,278 |
| 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 | $12,003,190 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $4,307,199 |
| Total liabilities | $16,699,971 |
| Net assets without donor restrictions | $0 |
| 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 |
| Total liabilities and net assets/fund balances | $549,126 |
Grants Recieved
Over the last fiscal year, we have identified 4 grants that Greccio Housing Unlimited Inc has recieved totaling $64,231.
| Awarding Organization | Amount |
|---|---|
Community First Foundation Arvada, CO PURPOSE: GENERAL PURPOSE | $24,951 |
Woodford Manufacturing Charities Inc Colorado Springs, CO PURPOSE: Charitable Purpose of the Organization | $23,133 |
Pikes Peak United Way Colorado Springs, CO PURPOSE: Support the Charitable Purpose of the Organization | $16,100 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $47 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
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 |
Habitat For Humanity Tucson Inc Tucson, AZ | $32,170,830 | $10,758,994 |
Habitat For Humanity International Inc Glenwood Springs, CO | $10,815,473 | $6,555,105 |
Utah Nonprofit Housing Corporation Salt Lake City, UT | $66,026,062 | $36,661,110 |
Mercy Housing South East Denver, CO | $32,176,710 | $9,687,514 |
Save The Family Foundation Of Arizona Mesa, AZ | $6,981,907 | $8,677,083 |
Pikes Peak Habitat For Humanity Inc Colorado Springs, CO | $13,774,284 | $6,271,945 |