Crestone Peak Community Housing
- Assets
- $722.7k
- Revenue
- $502.6k
- Investments
- $0.0
- Employees
- 0
- Location
- Crestone, CO
- Founding
- 04/1995
- Data as of
- 12/2021
- EIN
- 84-1291988
Organization Overview
Crestone Peak Community Housing is located in Crestone, CO. The organization was established in 1995. 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. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Crestone Peak Community Housing 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, Crestone Peak Community Housing generated $502.6k in total revenue. This organization has experienced exceptional growth, as over the past 2 years, it has increased revenue by an average of 34.2% each year . All expenses for the organization totaled $46.5k during the year ending 12/2021. While expenses have increased by 12.2% per year over the past 2 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
THE CRESTONE PEAK COMMUNITY HOUSING, (THE ORGANIZATION), IS A 501(C)(3), PUBLIC, NON-PROFIT ORGANIZATION LOCATED IN CRESTONE, COLORADO. THE MISSION OF THE CRESTONE PEAK COMMUNITY HOUSING IS TO HELP LOW-INCOME AND DISADVANTAGED PEOPLE OBTAIN ACCESS TO AFFORDABLE QUALITY HOUSING AND SERVE AS A MODEL IN DESIGNING AND FINANCING AFFORDABLE HOUSING IN RURAL SAGUACHE COUNTY, PROMOTING ECONOMIC SELF-SUFFICIENCY AND LIVABILITY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
DESIGN FOR THE LIVING WISDOM VILLAGE PROJECT HAS BEEN COMPLETED AND THE PROJECT IS SHOVEL READY. CPCH IS AWAITING THE ROLLOUT OF HB-1304 (ARPA) FUNDING FROM THE STATE OF COLORADO TO COMMENCE CONSTRUCTION ON THE PROJECT.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kirsten Schreiber Chairman | OfficerTrustee | 5 | $0 |
Julia Voss Vice Chairman | OfficerTrustee | 2 | $0 |
John Alfano Treasurer | OfficerTrustee | 3 | $0 |
Denise Peine Secretary | OfficerTrustee | 2 | $0 |
Barbara Hoeppner Director | Trustee | 2 | $0 |
Maria Sarro Director | Trustee | 2 | $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 | $502,105 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $502,105 |
| Total Program Service Revenue | $0 |
| Investment income | $476 |
| 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 | $502,581 |
| 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 | $4,248 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $240 |
| 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 | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $103 |
| Total functional expenses | $46,487 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $45,166 |
| Savings and temporary cash investments | $0 |
| 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 | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $500 |
| Net Land, buildings, and equipment | $129,707 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $547,312 |
| Total assets | $722,685 |
| Accounts payable and accrued expenses | $0 |
| 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 | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
| Net assets without donor restrictions | $334,682 |
| Net assets with donor restrictions | $388,003 |
| 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 | $722,685 |
Grants Recieved
Over the last fiscal year, we have identified 3 grants that Crestone Peak Community Housing has recieved totaling $295,000.
| Awarding Organization | Amount |
|---|---|
Nextfifty Initiative Denver, CO PURPOSE: BUILD MODULAR HOUSING FOR LOW INCOME 55+ | $250,000 |
El Pomar Foundation Colorado Springs, CO PURPOSE: AFFORDABLE HOUSING VILLAGE FOR SENIORS | $25,000 |
Pema Chodron Foundation Steamboat Springs, CO PURPOSE: Affordable elder housing | $20,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
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 |
Habitat For Humanity International Inc Fort Collins, CO | $6,791,081 | $6,218,115 |
Mercy Housing Calwest Denver, CO | -$18,791,913 | $14,657,764 |
Neighborhood Nonprofit Housing Corporation Logan, UT | $21,218,797 | $11,345,815 |
Habitat For Humanity International Inc Jackson, WY | $8,153,958 | $5,142,791 |