Colorado Affordable Catholic Housing Corp
- Assets
- $19.3m
- Revenue
- $585.1k
- Investments
- $3.7m
- Employees
- 0
- Location
- Denver, CO
- Founding
- 03/1946
- Data as of
- 12/2022
- EIN
- 84-1183023
Organization Overview
Colorado Affordable Catholic Housing Corp is located in Denver, CO. The organization was established in 1946. According to its NTEE Classification (L12) the organization is classified as: Fund Raising & Fund Distribution, under the broad grouping of Housing & Shelter and related organizations. This organization is a subordinate organization within an affiliated group for tax-exemption purposes. Colorado Affordable Catholic Housing Corp 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 12/2022, Colorado Affordable Catholic Housing Corp generated $585.1k in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 3.0% each year. All expenses for the organization totaled $502.1k during the year ending 12/2022. While expenses have increased by 4.0% per year over the past 8 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
FINANCING, ACQUISITION AND BUILDING OF AFFORDABLE HOUSING.
Describe the Organization's Program Activity:
Part 3 - Line 4a
FINANCING, ACQUISITION AND BUILDING OF AFFORDABLE HOUSING: 55 UNITS IN GLENWOOD SPRINGS, CO; 60 UNITS IN SILVERTHORNE, CO; 61 UNITS IN CARBONDALE, CO; 61 UNITS IN GYPSUM, CO; 100 UNITS IN COLORADO SPRINGS, CO; AND 103 UNITS IN DENVER, CO.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Melissa Bleser Chair | OfficerTrustee | 1 | $0 |
Bob Gross Secretary | OfficerTrustee | 1 | $0 |
Bob Munroe Treasurer Fr | OfficerTrustee | 1 | $0 |
Dominic Palazzo Treasurer To | OfficerTrustee | 1 | $0 |
Justin Raddatz VP Of Develo | Officer | 1 | $0 |
Philip Vottiero CFO | Officer | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| 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 | $0 |
| Total Program Service Revenue | $514,735 |
| Investment income | $78,423 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$8,025 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $585,133 |
| 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 | $3,600 |
| 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 | $13,460 |
| Fees for services: Other | $13,200 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $471,839 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $10 |
| Total functional expenses | $502,109 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $486,369 |
| Savings and temporary cash investments | $3,288,853 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $11,066,940 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $745,000 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $3,690,519 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $19,277,681 |
| Accounts payable and accrued expenses | $16,000 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $11,066,940 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $11,082,940 |
| Net assets without donor restrictions | $3,936,321 |
| Net assets with donor restrictions | $4,258,420 |
| 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 | $19,277,681 |
Endowment Analysis
| Beg. Balance | $5,563,434 |
| Earnings | -$545,014 |
| Other Expense | $760,000 |
| Ending Balance | $4,258,420 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Impact Development Fund Loveland, CO | $94,189,803 | $7,972,654 |
Smc Equipment Inc Stillwater, OK | $13,228,589 | $317,696 |
Tabitha Alf Real Estate Holding Inc Lincoln, NE | $7,372,633 | $661,350 |
Operation Rapid Response Inc Lansing, KS | $31,744 | $536,615 |
Omaha Shelter For Homeless Trust Omaha, NE | $2,869,494 | $382,228 |
Colorado Affordable Catholic Housing Corp Denver, CO | $19,277,681 | $585,133 |
Colorado Association Of Realtors Foundation Englewood, CO | $2,078,935 | $367,779 |
Teton Board Of Realtors Community Housing Fund Jackson, WY | $36,871 | $233,687 |
Blues -N- Bbq For Better Housing Foundation Arvada, CO | $12,570 | $0 |
Nation To Nation Ministries Inc Loveland, CO | $26,912 | $0 |
Building Back The Community Foundation Chandler, AZ | $12,000 | $48,000 |
The Harry And Marjorie Stewart Foundation Tucson, AZ | $484,711 | $37,017 |