Tri-County Housing Inc
- Assets
- $14.6m
- Revenue
- $8.1m
- Investments
- $0.0
- Employees
- 61
- Location
- Fowler, CO
- Founding
- 12/1995
- Data as of
- 12/2021
- EIN
- 84-1296087
Organization Overview
Tri-County Housing Inc is located in Fowler, 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 12/2021, Tri-County Housing Inc employed 61 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Tri-County Housing 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 12/2021, Tri-County Housing Inc generated $8.1m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 25.1% each year . All expenses for the organization totaled $7.9m during the year ending 12/2021. While expenses have increased by 33.9% 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
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE AFFORDABLE HOUSING OPTIONS TO LOW AND MODERATE INCOME FAMILIES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDE LOW COST HOUSING OPTIONS TO LOW AND MODERATE INCOME FAMILIES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Steven R Cordova Executive Dir. | Officer | 40 | $94,017 |
Wayne Snider Vice-Chair | OfficerTrustee | 1 | $0 |
Sonny Smith Officer | Officer | 1 | $0 |
Margaret Gardner Board Member | Trustee | 1 | $0 |
Simona Gallegos Board Member | Trustee | 1 | $0 |
Laura Diprince Board Member | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $5,639,198 |
| 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 | $5,639,198 |
| Total Program Service Revenue | $2,237,333 |
| Investment income | $126,154 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $92,742 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $8,095,427 |
| 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. | $94,017 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,367,773 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $164,894 |
| Payroll taxes | $0 |
| Fees for services: Management | $9,639 |
| 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 | $0 |
| Fees for services: Other | $138,283 |
| Advertising and promotion | $26,560 |
| Office expenses | $152,862 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $6,582 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $147,922 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $361,566 |
| Insurance | $102,299 |
| All other expenses | $304,774 |
| Total functional expenses | $7,900,703 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $3,127,257 |
| Savings and temporary cash investments | $241,297 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $1,057,001 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $3,548,370 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $11,867 |
| Net Land, buildings, and equipment | $6,103,580 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $198,817 |
| Other assets | $312,185 |
| Total assets | $14,600,374 |
| Accounts payable and accrued expenses | $598,876 |
| Grants payable | $0 |
| Deferred revenue | $1,548,912 |
| 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 | $2,548,664 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $440,641 |
| Total liabilities | $5,137,093 |
| Net assets without donor restrictions | $9,463,281 |
| Net assets with donor restrictions | $0 |
| 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 | $14,600,374 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Tri-County Housing Inc has recieved totaling $53,808.
| Awarding Organization | Amount |
|---|---|
Local Initiatives Support Corporation New York, NY PURPOSE: SEE PART IV | $32,925 |
Enterprise Community Partners Inc Columbia, MD PURPOSE: COMMUNITY PRESERVATION AND DEVELOPMENT | $20,883 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Holland Foundation Omaha, NE | $123,768,571 | $4,108,665 |
Neighbor To Neighbor Inc Fort Collins, CO | $13,618,294 | $17,160,662 |
Central Oklahoma Habitat For Humanity Inc Oklahoma City, OK | $15,945,462 | $9,628,435 |
Tri-County Housing Inc Fowler, CO | $14,600,374 | $8,095,427 |
First Place Az Phoenix, AZ | $15,321,199 | $7,150,509 |
Community Action Human Resources Agency Eloy, AZ | $1,769,359 | $4,269,606 |
Elkhorn Valley Community Development Corporation Norfolk, NE | $12,960,627 | $4,413,796 |
Family Housing Advisory Services Inc Omaha, NE | $4,420,321 | $3,509,114 |
Homeward Bound Phoenix, AZ | $5,543,799 | $2,679,356 |
Habitat For Humanity International Inc Longmont, CO | $9,039,469 | $8,643,955 |
Salt Lake Neighborhood Housing Services Inc Salt Lake City, UT | $42,272,475 | $3,016,531 |
Hfho Real Estate Holdings Inc Omaha, NE | $4,308,408 | $2,447,749 |