Crestone Peak Community Housing
- Assets
- $1.4m
- Revenue
- $413.7k
- Investments
- $229.7k
- Employees
- 0
- Location
- Crestone, CO
- Founding
- 04/1995
- Data as of
- 12/2023
- 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 12/2023, Crestone Peak Community Housing generated $413.7k in total revenue. This organization has experienced exceptional growth, as over the past 4 years, it has increased revenue by an average of 10.3% each year . All expenses for the organization totaled $88.6k during the year ending 12/2023. 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
SEE PART III
Describe the Organization's Program Activity:
Part 3 - Line 4a
FUNDRAISING EFFORTS HAVE CONTINUED TO OBTAIN FUNDS FOR THE CONSTRUCTION OF THE LIVING WISDOM VILLAGE PROJECT. PRELIMINARY CONSTRUCTION HAS BEGUN.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kirsten Schreiber Chair | OfficerTrustee | 5 | $0 |
Julia Voss Vice Chair | OfficerTrustee | 2 | $0 |
Denise Peine Secretary | OfficerTrustee | 2 | $0 |
Richard Sanderson Director | OfficerTrustee | 2 | $0 |
Rick Hart Treasurer | OfficerTrustee | 2 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Alcon Construction Inc General Contractor | 12/30/23 | $463,333 |
Slv Rec Utilities | 12/30/23 | $198,290 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $700 |
| All other contributions, gifts, grants, and similar amounts not included above | $399,200 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $399,900 |
| Total Program Service Revenue | $0 |
| Investment income | $12,931 |
| 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 | $413,651 |
| 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 | $38,960 |
| Fees for services: Legal | $1,408 |
| Fees for services: Accounting | $14,740 |
| 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 | $711 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $3,233 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $651 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $234 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $88,565 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $194,711 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $2,700 |
| 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 | $0 |
| Net Land, buildings, and equipment | $130,525 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $229,717 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $835,547 |
| Total assets | $1,393,200 |
| Accounts payable and accrued expenses | $60,248 |
| 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 | $60,248 |
| Net assets without donor restrictions | $656,366 |
| Net assets with donor restrictions | $676,586 |
| 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 | $1,393,200 |