Tri-County Housing Inc
- Assets
- $14.8m
- Revenue
- $17.1m
- Investments
- $0.0
- Employees
- 92
- Location
- Fowler, CO
- Founding
- 12/1995
- Data as of
- 12/2022
- 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 12/2022, Tri-County Housing Inc employed 92 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 12/2022, Tri-County Housing Inc generated $17.1m in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 33.6% each year . All expenses for the organization totaled $18.3m during the year ending 12/2022. While expenses have increased by 43.4% 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
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 | $102,050 |
Margaret Gardner Board Member | Trustee | 1 | $0 |
Simona Gallegos Board Member | Trustee | 1 | $0 |
Cody Allen Board Member | Trustee | 1 | $0 |
Wayne Snider Vice-Chair | OfficerTrustee | 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 | $14,222,364 |
| 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 | $14,222,364 |
| Total Program Service Revenue | $2,756,844 |
| Investment income | $73,577 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $36,029 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $17,086,914 |
| 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. | $102,050 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,780,567 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $397,291 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $185,950 |
| 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 | $0 |
| Advertising and promotion | $20,787 |
| Office expenses | $90,806 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $14,632 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $112,934 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $406,218 |
| Insurance | $140,608 |
| All other expenses | $420,022 |
| Total functional expenses | $18,317,085 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $3,019,849 |
| Savings and temporary cash investments | $213,397 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $1,351,201 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $11,125 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $13,055 |
| Net Land, buildings, and equipment | $5,654,121 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $174,472 |
| Other assets | $4,340,865 |
| Total assets | $14,778,085 |
| Accounts payable and accrued expenses | $292,309 |
| Grants payable | $0 |
| Deferred revenue | $3,072,851 |
| 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 | $2,445,483 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $725,393 |
| Total liabilities | $6,536,036 |
| Net assets without donor restrictions | $8,242,049 |
| 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 | $14,778,085 |