Greccio Housing Unlimited Inc
- Assets
- $20.3m
- Revenue
- $4.9m
- Investments
- $0.0
- Employees
- 47
- Location
- Colorado Springs, CO
- Founding
- 08/1991
- Data as of
- 07/2023
- 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 07/2023, Greccio Housing Unlimited Inc employed 47 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 07/2023, Greccio Housing Unlimited Inc generated $4.9m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 4.3% each year. All expenses for the organization totaled $4.7m during the year ending 07/2023. While expenses have increased by 6.7% 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
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
AFFORDABLE HOUSING TO LOW-INCOME CITIZENS INCLUDING SUPPORTIVE RESOURCES FOR HOUSING STABILITY
Describe the Organization's Program Activity:
RENTAL AND PROPERTY MANAGEMENT - THE PRIMARY FOCUS OF OPERATIONS IS OUR AFFORDABLE HOUSING PROGRAM FOR INDIVIDUALS AND FAMILIES. WE ARE DEDICATED IN GUIDING APPLICANTS THROUGH ELIGIBILITY PROCESS FOR AFFORDABLE HOUSING. MORE THAN 4/5 OF OUR RESIDENTS EARN 50% OR LESS OF AMI.
RESOURCE & OPPORTUNITY CENTER - GREECIO TAKES AN INTEGRATED APPROACH TO HOUSING BY OFFERING OUR RESIDENTS ASSISTANCE FOR THEM TO ACHEIVE STABILITY AND SELF-SUFFICIENCY. SOME OF OUR RESOURCES INCLUDE EVICTION PREVENTION, NO COST FOOD PANTRY, COMMUNITY GARDENS, EDUCATION SCHOLARSHIPS, FINANCIAL TRAINING AND VARIETY OF LITERACY PROGRAMS.
PURCHASE AND REHABILITATION - WE BEGAN A MULTI-YEAR PRESERVATION EFFORT IN 2020 OF EXISTING PROPERTIES. REHABILITATION INCLUDED NUMEROUS EXTERIOR REPAIRS SUCH AS STUCCO, REPAINTING, GUTTERS, PRIVACY FENCE AND ROOF REPAIRS. INSIDE PROJECTS INCLUDED HIGH EFFICIENCY BOILERS, ATTIC AND PIPE INSULATION, LOW-FLOW FIXTURES AND LED LIGHTING. THIS YEAR WE STARTED AND CONTINUED FOUR NEW PROPERTIES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Chris Nervig President | OfficerTrustee | 3 | $0 |
Tami Zamborelli Vice President | OfficerTrustee | 1 | $0 |
Robert Bentzen Secretary | OfficerTrustee | 1 | $0 |
Zach Bunney Treasurer | OfficerTrustee | 2 | $0 |
Mike Heritage Director | Trustee | 1 | $0 |
Thea Platt Director | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Acumen Environmental Services Llc Post Fire Bldg Remed | 7/30/22 | $257,840 |
First General Services Front Range Post Fire Bldg Remed | 7/30/22 | $327,583 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $295,585 |
| All other contributions, gifts, grants, and similar amounts not included above | $921,560 |
| Noncash contributions included in lines 1a–1f | $447,282 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,217,145 |
| Total Program Service Revenue | $3,634,630 |
| Investment income | $19,505 |
| 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 | $4,879,767 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $275,483 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $144,435 |
| Compensation of current officers, directors, key employees. | $20,393 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,218,168 |
| Pension plan accruals and contributions | $40,198 |
| Other employee benefits | $117,948 |
| Payroll taxes | $109,007 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $34,482 |
| Fees for services: Accounting | $85,332 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $49,429 |
| Advertising and promotion | $21,165 |
| Office expenses | $82,848 |
| Information technology | $31,942 |
| Royalties | $0 |
| Occupancy | $917,111 |
| Travel | $18,057 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $18,763 |
| Interest | $388,294 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $673,720 |
| Insurance | $375,789 |
| All other expenses | $16,358 |
| Total functional expenses | $4,736,145 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,441,664 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $35,149 |
| Accounts receivable, net | $202,817 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $1,600,000 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $466,934 |
| Net Land, buildings, and equipment | $16,284,411 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $309,813 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $20,340,788 |
| Accounts payable and accrued expenses | $409,121 |
| Grants payable | $0 |
| Deferred revenue | $71,825 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $186,892 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $11,223,037 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $5,289,533 |
| Total liabilities | $17,180,408 |
| Net assets without donor restrictions | $2,883,855 |
| Net assets with donor restrictions | $276,525 |
| 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 | $20,340,788 |