Inn Between Of Longmont Inc
- Assets
- $4.6m
- Revenue
- $2.0m
- Investments
- $0.0
- Employees
- 16
- Location
- Longmont, CO
- Founding
- 02/1999
- Data as of
- 12/2023
- EIN
- 84-1476894
Organization Overview
Inn Between Of Longmont Inc is located in Longmont, CO. The organization was established in 1999. According to its NTEE Classification (L41) the organization is classified as: Homeless Shelters, under the broad grouping of Housing & Shelter and related organizations. As of 12/2023, Inn Between Of Longmont Inc employed 16 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Inn Between Of Longmont 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 12/2023, Inn Between Of Longmont Inc generated $2.0m in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 8.7% each year. All expenses for the organization totaled $2.0m during the year ending 12/2023. While expenses have increased by 8.3% per year over the past 9 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE AFFORDABLE HOUSING AND PROMOTE STABILITY TO DIVERSE FAMILIES AND INDIVIDUALS BY UTILIZING COMMUNITY RESOURCES, SUPPORT SERVICES, ADVOCACY, AND LIFE SKILL TRAINING.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE INN BETWEEN VIEWS STABLE HOUSING AS THE FOUNDATION FOR FUTURE GROWTH AND SUPPLEMENTAL SUPPORTIVE SERVICES AS THE EDIFICE FOR LONG-TERM STABILITY. AFFORDABLE HOUSING IS A CRITICAL COMPONENT OF CREATING THRIVING, VIBRANT COMMUNITIES, BUILDING STRONG FAMILIES, AND RECONCILING RACIAL INEQUITIES IN WEALTH, HEALTH, AND EDUCATION. AFFORDABILITY MEANS THAT HOUSING COSTS ARE 30% AMI. ACCORDING TO NUMEROUS STUDIES AND PROMOTED LARGELY BY HUD, QUALITY, STABLE HOUSING, IS A FOUNDATION FOR SELF-SUFFICIENCY. CHILDREN PERFORM BETTER IN SCHOOL, IT CAN ALLOW ADULTS TO RE-ENTER THE WORKFORCE, PURSUE HIGHER EDUCATION, AND DEVELOP NEW SKILLS. -------------------- CONTINUED ON SCHEDULE O ----------------------
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Timothy Rakow Executive Di | Officer | 40 | $124,434 |
Chad Rennicke Interim Pres | OfficerTrustee | 5 | $0 |
Terry Vratny President/vp | OfficerTrustee | 5 | $0 |
Chris Ray Treasurer/se | OfficerTrustee | 5 | $0 |
Malik Sommers Treasurer | OfficerTrustee | 5 | $0 |
Eldon Mast Vp/board Mem | OfficerTrustee | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $511,618 |
| All other contributions, gifts, grants, and similar amounts not included above | $648,190 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,159,808 |
| Total Program Service Revenue | $838,763 |
| Investment income | $11,901 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $4,515 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,022,868 |
| 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. | $135,325 |
| Compensation of current officers, directors, key employees. | $16,361 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $596,083 |
| Pension plan accruals and contributions | $18,488 |
| Other employee benefits | $34,386 |
| Payroll taxes | $61,625 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $1,735 |
| Fees for services: Accounting | $66,006 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $22,395 |
| Office expenses | $32,075 |
| Information technology | $37,406 |
| Royalties | $0 |
| Occupancy | $506,462 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $58,508 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $257,090 |
| Insurance | $102,098 |
| All other expenses | $198 |
| Total functional expenses | $2,048,919 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $399,719 |
| Pledges and grants receivable | $37,496 |
| Accounts receivable, net | $15,353 |
| 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 | $5,367 |
| Net Land, buildings, and equipment | $3,938,674 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $155,568 |
| Total assets | $4,552,177 |
| Accounts payable and accrued expenses | $94,098 |
| 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 | $1,827,314 |
| Unsecured mortgages and notes payable | $5,730 |
| Other liabilities | $87,305 |
| Total liabilities | $2,014,447 |
| Net assets without donor restrictions | $2,358,164 |
| Net assets with donor restrictions | $179,566 |
| 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 | $4,552,177 |