San Luis Valley Housing Coalition Inc
- Assets
- $14.5m
- Revenue
- $1.2m
- Investments
- $0.0
- Employees
- 7
- Location
- Alamosa, CO
- Founding
- 02/1995
- Data as of
- 12/2022
- EIN
- 84-1245986
Organization Overview
San Luis Valley Housing Coalition Inc is located in Alamosa, CO. The organization was established in 1995. According to its NTEE Classification (L80) the organization is classified as: Housing Support, under the broad grouping of Housing & Shelter and related organizations. As of 12/2022, San Luis Valley Housing Coalition Inc employed 7 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. San Luis Valley Housing Coalition 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 12/2022, San Luis Valley Housing Coalition Inc generated $1.2m in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 19.5% each year . All expenses for the organization totaled $910.6k during the year ending 12/2022. While expenses have increased by 15.4% 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
PROVIDE AFFORDABLE HOUSING OPTIONS TO OUR COMMUNITY MEMBERS THROUGHOUT THE SAN LUIS VALLEY, COLORADO.HOUSING: HIGH VALLEY MANOR MULTIFAMILY RENT ASSISTED HOUSING, CASITA DE LA LUNA ELDERLY/DISABLED RENT ASSISTED HOUSING. BOTH USDA AND CDOH FUNDED WITH CASITA ALSO BEING POST-15-YEAR LIHTC. LOW-INTEREST LOAN PROGRAMS FROM SINGLE-FAMILY-OWNER-OCCUPIED HOME REHABILITATION (CDOH, CHFA, AND USDA FUNDED), DOWN PAYMENT ASSISTANCE (CDOH FUNDED), HOUSEHOLD WASTEWATER SYSTEMS (HWWS) (USDA FUNDED, ENDED IN 2021). ADVOCACY/EDUCATION: MOBILE HOME PARK TENANT ASSISTANCE (COLORADO HEALTH FOUNDATION FUNDED), TOOL BARN RENTAL (CHFA FUNDED), AND STARTING IN 2022 FINANCIAL AND MAINTENANCE EDUCATION (CHFA FUNDED ON 12.31.2021).
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE MISSION OF THE ORGANIZATION (SLVHC) IS TO PROVIDE SAFE AND AFFORDABLE HOUSING TO LOW/MODERATE INCOME COMMUNITY MEMBERS. SLVHC ADDRESSES THE INCREASING HOUSING NEEDS OF THE SAN LUIS VALLEY THROUGH FOUR PROGRAMS THAT IT OFFERS: DOWN PAYMENT ASSISTANCE PROGRAM, HOME REHABILITATION PROGRAM, HIGH VALLEY MANOR APARTMENTS, AND THE CASITA DE LA LUNA APARTMENTS.SFOO HOME REHAB: THE HDG-FUNDED GRANT WAS FROM 2021-2023 AND CLOSED 3 LARGE REHAB LOANS AND CONTINUED WORKING ON LOANS CLOSED DURING PREVIOUS YEARS. THE COVID SUPPLY CHAIN CONTINUED TO BE AN ISSUE AND SLOW DOWN PROGRESS ON CLOSING LOANS AND COMPLETING WORK. SFOO HOME REHAB PROGRAM INCREASED INCOME LIMITS FROM 100% TO 120% AMI. DOWN PAYMENT ASSISTANCE (DPA): THE HDG-FUNDED GRANT WAS FROM 2021-2022 WITH A NEW GRANT FOR 2022-2023. BETWEEN THE TWO GRANTS WE CLOSED 4 LOANS, TWO ALSO USING OUR SFOO HOME REHAB PROGRAM. THIS TIME AROUND WE WERE ABLE TO HELP SOME YOUNGER CLIENTS PURCHASE A FIRST HOME AND SOME RETIRED CLIENTS PURCHASE A FINAL HOME. THE DPA PROGRAM INCREASED INCOME LIMITS FROM 100% TO 120% AMI. AFFORDABLE HOUSING UNITS: HIGH VALLEY MANOR (HVM) AND CASITA DE LA LUNA (CDLL) APARTMENTS: THESE TWO COMPLEXES PROVIDE RENT AND UTILITY-ASSISTED HOUSING UNITS TO HOUSEHOLDS AT OR BELOW 80% AREA MEDIAN INCOME. ALL HOUSEHOLDS PAY 30% OR LESS OF THEIR GROSS MONTHLY INCOME IN HOUSING COSTS (RENT/UTILITIES) WITH ASSISTANCE FROM USDA RURAL DEVELOPMENT. UNITS ARE 1-BEDROOM OR 2-BEDROOM OPTIONS WITH COMMUNITY SPACE, OUTDOOR SPACE, COIN-OP LAUNDRY ROOMS, AND PARKING PROVIDED. HVM HAS REDUCED-COST CABLE OPTIONS AVAILABLE, AND TENANTS PAY ELECTRIC ONLY. CDLL TENANTS PAY FOR ELECTRICITY AND HEAT. A SITE MANAGER AND MAINTENANCE PERSON ARE PROVIDED FOR TENANT NEEDS. HVM IS A SINGLE THREE-STORY BUILDING THAT OFFERS 32 RENT-ASSISTED UNITS WITH TWO OF THOSE BEING ADA ONE-BEDROOM, THREE ARE TWO-BEDROOM UNITS, AND 27 ARE ONE-BEDROOM UNITS. CDLL IS SIX SMALLER BUILDINGS THAT OFFERS 27 UNITS RENT ASSISTED UNITS WITH ONE 2-BEDROOM AND ONE 1-BEDROOM ADA UNIT, SIX 2-BEDROOM UNITS, AND 19 1-BEDROOM UNITS. THESE BUILDINGS PROVIDE HOUSING TO UP TO 60 INDIVIDUALS IN A SINGLE YEAR. SLVHC OWNS AND OPERATES HVM AND IS THE GENERAL PARTNER AND MANAGER FOR CDLL.MOBILE HOME PARK AND OTHER HOUSING UNITS: WE PURCHASED A 185 LOT MOBILE HOME PARK AS A PRESERVATION PROJECT. WE WORKED WITH THESE RESIDENTS FOR 6 MONTHS PRIOR TO THE PURCHASE TO HELP THEM LEARN THEIR RIGHTS SIMILAR TO WHAT WE DID THE YEAR BEFORE WITH ANOTHER PARK. WE PURCHASED AN ABANDONED SCHOOL FOR ADAPTIVE REUSE IN 2024. WE PURCHASED OUR FIRST SINGLE-FAMILY HOME FOR A RENTAL.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Elizabeth Hensley Board President | OfficerTrustee | 1 | $0 |
Hoyt Anderson Vice President | OfficerTrustee | 1 | $0 |
Andrea Archuleta-Cisneros Treasurer | OfficerTrustee | 1 | $0 |
Charles Sanchez Member | Trustee | 1 | $0 |
Evan Samora Member | Trustee | 1 | $0 |
Laura Conchelos Member | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $384,356 |
| All other contributions, gifts, grants, and similar amounts not included above | $308,902 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $693,258 |
| Total Program Service Revenue | $484,896 |
| Investment income | $18,281 |
| 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 | $1,232,920 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $17,698 |
| 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. | $98,929 |
| Compensation of current officers, directors, key employees. | $19,786 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $118,374 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $18,451 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $2,068 |
| Fees for services: Accounting | $29,224 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $167,347 |
| Advertising and promotion | $1,255 |
| Office expenses | $28,887 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $92,323 |
| Travel | $4,472 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $44,998 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $136,822 |
| Insurance | $21,035 |
| All other expenses | $0 |
| Total functional expenses | $910,630 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,594,005 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $62,877 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $1,157,127 |
| Inventories for sale or use | $6,338 |
| Prepaid expenses and deferred charges | $26,898 |
| Net Land, buildings, and equipment | $11,354,439 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $289,649 |
| Total assets | $14,491,333 |
| Accounts payable and accrued expenses | $166,600 |
| 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 | $11,451,698 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $89,356 |
| Total liabilities | $11,707,654 |
| Net assets without donor restrictions | $426,794 |
| Net assets with donor restrictions | $2,356,885 |
| 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 | $14,491,333 |