Atlantis Community Foundation
- Assets
- $19.8m
- Revenue
- $2.7m
- Investments
- $4.3m
- Employees
- 3
- Location
- Denver, CO
- Founding
- 10/1998
- Data as of
- 12/2021
- EIN
- 84-1454927
Organization Overview
Atlantis Community Foundation is located in Denver, CO. The organization was established in 1998. 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. As of 12/2021, Atlantis Community Foundation employed 3 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Atlantis Community Foundation 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, Atlantis Community Foundation generated $2.7m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 17.7% each year . All expenses for the organization totaled $1.4m during the year ending 12/2021. While expenses have increased by 8.4% 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 ASSIST INDIVIDUALS WITH DISABILITIES BY ENSURING THE AVAILABILITY OF INTEGRATED HOUSING.
Describe the Organization's Program Activity:
Part 3 - Line 4a
OPERATION OF RESIDENTIAL UNITS IN FIVE LOCATIONS TO PROVIDE AFFORDABLE, ACCESSIBLE HOUSING TO PERSONS WITH DISABILITIES, AND LOW INCOME HOUSING TO OTHER INDIVIDUALS WHO QUALIFY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Pat Coyle Executive Director | Officer | 40 | $87,500 |
Lloyd Lewis Board Chair | OfficerTrustee | 8 | $0 |
Don W Carver Board Vice Chair | OfficerTrustee | 4 | $0 |
Robin Glasener Treasurer | OfficerTrustee | 4 | $0 |
Mark Wilson Director | Trustee | 4 | $0 |
Susan Niner Secretary | Trustee | 4 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $79,133 |
| All other contributions, gifts, grants, and similar amounts not included above | $59,000 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $138,133 |
| Total Program Service Revenue | $1,716,354 |
| Investment income | $37,863 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | -$24,299 |
| Net Gain/Loss on Asset Sales | $868,017 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,736,068 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $17,500 |
| 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. | $87,500 |
| 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 | $89,513 |
| Fees for services: Legal | $4,147 |
| Fees for services: Accounting | $24,872 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $6,692 |
| Fees for services: Other | $122,645 |
| Advertising and promotion | $0 |
| 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 | $83,277 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $142,985 |
| Insurance | $97,771 |
| All other expenses | $0 |
| Total functional expenses | $1,447,195 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $414,615 |
| Savings and temporary cash investments | $1,227,493 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $52,794 |
| 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 | $75,963 |
| Net Land, buildings, and equipment | $2,863,952 |
| Investments—publicly traded securities | $1,139,513 |
| Investments—other securities | $4,250,000 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $9,778,820 |
| Total assets | $19,803,150 |
| Accounts payable and accrued expenses | $142,597 |
| Grants payable | $0 |
| Deferred revenue | $25,413 |
| 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 | $1,936,097 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $5,005,827 |
| Total liabilities | $7,109,934 |
| Net assets without donor restrictions | $12,693,216 |
| 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 | $19,803,150 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Atlantis Community Foundation has recieved totaling $59,000.
| Awarding Organization | Amount |
|---|---|
Caring For Denver Foundation Denver, CO PURPOSE: Care Provision | $34,000 |
Karin Bain And John Kukral Foundation Old Greenwich, CT PURPOSE: PROGRAM SUPPORT | $25,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Brothers Redevelopment Inc Edgewater, CO | $28,566,111 | $21,890,998 |
Habitat For Humanity International Inc Omaha, NE | $36,900,454 | $19,457,975 |
Habitat For Humanity International Inc Tulsa, OK | $20,375,468 | $13,816,169 |
South Of Market Mercy Housing Denver, CO | $1,397,293 | $161,294 |
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 |