Mdc Richmond American Homes Foundation
- Assets
- $61.4m
- Revenue
- $6.2m
- Investments
- $6.3m
- Employees
- 0
- Location
- Denver, CO
- Founding
- 10/2000
- Data as of
- 12/2023
- EIN
- 84-1561013
Organization Overview
Mdc Richmond American Homes Foundation is located in Denver, CO. The organization was established in 2000. According to its NTEE Classification (T11) the organization is classified as: Single Organization Support, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Mdc Richmond American Homes 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 12/2023, Mdc Richmond American Homes Foundation generated $6.2m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 4 years, the organization has seen revenues fall by an average of (8.8%) each year. All expenses for the organization totaled $3.6m during the year ending 12/2023. As we would expect to see with falling revenues, expenses have declined by (15.1%) per year over the past 4 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, Mdc Richmond American Homes Foundation has awarded 223 individual grants totaling $17,372,027. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
AS WE LOOK TO THE FUTURE, WE'RE COMMITTED TO LENDING A HELPING HAND TO THOSE IN NEED, EMBRACING A DIVERSE CULTURE AND WORKING TOWARD SUSTAINABILITY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE FOUNDATION CONDUCTS A BROAD-BASED COMMUNITY GRANT PROGRAM, WHICH ALIGNS WITH AND FURTHERS ITS SUPPORTED ORGANIZATION'S CHARITABLE PURPOSES AND MISSION.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Larry Mizel Chairman, Ceo, And Director | Trustee | 5 | $0 |
David D Mandarich President And Director | Trustee | 5 | $0 |
Arlene Hirschfeld Director | Trustee | 5 | $0 |
Michael Pollak Director | Trustee | 5 | $0 |
David H Engleberg Director | Trustee | 5 | $0 |
Joseph H Fretz Secretary | Officer | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $4,040,000 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $4,040,000 |
| Total Program Service Revenue | $0 |
| Investment income | $1,804,900 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $304,183 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $6,174,055 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $3,453,825 |
| 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 | $0 |
| Fees for services: Legal | $8,877 |
| Fees for services: Accounting | $12,500 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $79,552 |
| Fees for services: Other | $0 |
| 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 | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $3,562,427 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $595,016 |
| Savings and temporary cash investments | $25,337,438 |
| Pledges and grants receivable | $4,040,000 |
| 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 | $0 |
| Investments—publicly traded securities | $25,101,688 |
| Investments—other securities | $6,320,893 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $14,662 |
| Total assets | $61,409,697 |
| Accounts payable and accrued expenses | $21,299 |
| Grants payable | $1,576,500 |
| 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 | $1,597,799 |
| Net assets without donor restrictions | $0 |
| 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 | $59,811,898 |
| Total liabilities and net assets/fund balances | $61,409,697 |
Grants Awarded
Over the last fiscal year, Mdc Richmond American Homes Foundation has awarded $3,682,000 in support to 57 organizations.
| Grant Recipient | Amount |
|---|---|
AMERICAN TRANSPLANT FOUNDATION PURPOSE: General Operating Support | $10,000 |
AMP THE CAUSE PURPOSE: General Operating Support | $25,000 |
AURORA PUBLIC SCHOOLS FOUNDATION PURPOSE: General Operating Support | $10,000 |
BOYS AND GIRLS CLUBS OF METRO DENVER PURPOSE: General Operating Support | $10,000 |
CANCER LEAGUE OF COLORADO PURPOSE: General Operating Support | $25,000 |
CENTUS COUNSELING CONSULTING AND EDUCATION PURPOSE: General Operating Support | $10,000 |