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← COMMUNITY RESOURCES & HOUSING DEVELOPMENT CORPORATION

Form 990 for tax year 2024

Filed by COMMUNITY RESOURCES & HOUSING DEVELOPMENT CORPORATION.

Totals

Total revenue
$8,715,126
Total expenses
$7,589,264
Contributions and grants received
$5,164,183
Grants paid
$1,766,612
Program service revenue
$3,298,992
Investment income
-$15,350
Other revenue
$267,301
Total assets, end of year
$37,885,815
Total liabilities, end of year
$18,695,901
Net assets or fund balances, end of year
$19,189,914
Program services expenses (Part IX)
$6,723,640
Management and general expenses
$797,139
Fundraising expenses
$68,485
Program service expenses (Part III)
$6,723,640

Program services were 88.6% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 1e · Government grants (contributions)

    $3,477,884

  • 1f · All other contributions, gifts and grants

    $1,686,299

  • 2a · Program service revenue: RENT - LOW INCOME HOUSING

    total $3,266,788 · related or exempt $3,266,788

  • 2b · Program service revenue: LENDING FEE NET INCOME

    total $32,204 · related or exempt $32,204

  • 3 · Investment income

    total $77,312 · excluded $77,312

  • 6a · Gross rents

    real property $61,501

  • 6b · Less rental expenses

    real property $61,110

  • 6c · Rental income or loss

    real property $391

  • 6d · Net rental income or loss

    total $391 · unrelated business $391

  • 7a · Gross sales of assets other than inventory

    other assets $5,723,186

  • 7b · Less cost or other basis and sales expenses

    other assets $5,815,848

  • 7c · Gain or loss

    other assets -$92,662

  • 7d · Net gain or loss

    total -$92,662 · excluded -$92,662

  • 11a · Other revenue: MISC

    total $266,910 · related or exempt $266,910

  • 11e · Other revenue, total

    $266,910

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $1,274,164 · program services $1,274,164

  • 2 · Grants to domestic individuals

    total $492,448 · program services $492,448

  • 5 · Compensation of officers, directors and key employees

    total $159,814 · program services $123,025 · management and general $32,596 · fundraising $4,193

  • 7 · Other salaries and wages

    total $1,631,121 · program services $1,265,250 · management and general $322,648 · fundraising $43,223

  • 8 · Pension plan contributions

    total $53,297 · program services $35,241 · management and general $16,918 · fundraising $1,138

  • 9 · Other employee benefits

    total $249,597 · program services $165,040 · management and general $79,230 · fundraising $5,327

  • 10 · Payroll taxes

    total $170,929 · program services $113,023 · management and general $54,258 · fundraising $3,648

  • 11a · Fees: management

    total $113,389 · program services $113,389

  • 11g · Fees: other

    total $1,361 · program services $1,361

  • 12 · Advertising and promotion

    total $9,841 · program services $2,174 · management and general $5,093 · fundraising $2,574

  • 14 · Information technology

    total $55,636 · program services $38,249 · management and general $17,387

  • 16 · Occupancy

    total $254,905 · program services $254,861 · management and general $44

  • 20 · Interest

    total $700,344 · program services $684,694 · management and general $15,650

  • 22 · Depreciation, depletion and amortization

    total $761,823 · program services $753,847 · management and general $7,976

  • 23 · Insurance

    total $332,786 · program services $316,982 · management and general $15,804

  • 24a · Other expenses: ADMINISTRATIVE EXPENSES

    total $718,028 · program services $510,852 · management and general $206,474 · fundraising $702

  • 24b · Other expenses: REPAIRS & MAINT

    total $347,647 · program services $324,586 · management and general $23,061

  • 24c · Other expenses: INDIRECT EXPENSES

    total $249,303 · program services $241,623 · fundraising $7,680

  • 24d · Other expenses: BAD DEBT

    total $12,831 · program services $12,831

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $1,527,584 · end of year $2,166,026

  • 2 · Savings and temporary cash investments

    beginning of year $946,116 · end of year $988,640

  • 3 · Pledges and grants receivable

    beginning of year $159,310 · end of year $405,372

  • 4 · Accounts receivable

    beginning of year $1,476,412 · end of year $60,293

  • 7 · Other notes and loans receivable

    beginning of year $7,486,706 · end of year $7,272,356

  • 9 · Prepaid expenses and deferred charges

    beginning of year $33,936 · end of year $19,236

  • 10a · Land, buildings and equipment: cost or other basis

    $30,134,423

  • 10b · Land, buildings and equipment: accumulated depreciation

    $5,725,715

  • 10c · Land, buildings and equipment, net

    beginning of year $24,746,881 · end of year $24,408,708

  • 11 · Investments: publicly traded securities

    beginning of year $565,547 · end of year $627,001

  • 12 · Investments: other securities

    beginning of year $1,387,914 · end of year $1,508,184

  • 15 · Other assets

    beginning of year $430,391 · end of year $429,999

  • 17 · Accounts payable and accrued expenses

    beginning of year $688,548 · end of year $712,458

  • 19 · Deferred revenue

    beginning of year $206,131

  • 23 · Secured mortgages and notes payable

    beginning of year $16,454,987 · end of year $14,690,497

  • 24 · Unsecured notes and loans payable

    beginning of year $500,000 · end of year $500,000

  • 25 · Other liabilities

    beginning of year $2,847,079 · end of year $2,792,946

  • 27 · Net assets without donor restrictions

    beginning of year $16,556,443 · end of year $16,497,313

  • 28 · Net assets with donor restrictions

    beginning of year $1,507,609 · end of year $2,692,601

Mission and programs · 2024

Mission

COMMUNITY RESOURCES AND HOUSING DEVELOPMENT CORPORATION PROVIDES PATHWAYS TO HOME AND ASSET BUILDING OPPORTUNITIES TO BENEFIT LOW-TO-MODERATE INCOME COMMUNITIES THROUGHOUT COLORADO.

  • ASSET MANAGEMENT - MANAGEMENT OF BOTH AFFORDABLE RENTAL APARTMENTS AND COMMERCIAL PROPERTIES ACROSS COLORADO.

    Expenses $3,465,670 · Revenue $422,189

  • DEVELOPMENT - DEVELOPMENT OF AFFORDABLE SINGLE AND MULTI-FAMILY HOUSING.

    Expenses $1,854,181 · Grants $1,018,640 · Revenue $2,844,599

  • HOME OWNERSHIP - ONE STOP SHOP FOR EDUCATION, COUNSELING, LENDING, AND REALTOR SERVICES.

    Expenses $1,403,789 · Grants $749,332 · Revenue $32,204

As filed on the 2024 return.

Listed in Part VII

  • Stephanie Tedy

    PRESIDENT

    Total calculated
    $0
    Hours/week
    1

  • Lauren Hornett

    VICE PRESIDE

    Total calculated
    $0
    Hours/week
    1

  • G Lavon Sonne

    TREASURER

    Total calculated
    $0
    Hours/week
    1

  • Abella Navarro

    SECRETARY

    Total calculated
    $0
    Hours/week
    1

  • Joanne Sandoval

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Mark Berry

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Monique Johnson

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Al Gold

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Grace Huerta Lucero

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Belia Casillas

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Sue Beck-Ferkiss

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Arturo Alvarado

    EXECUTIVE DI

    Total calculated
    $158,399
    From this org
    $150,240
    From related orgs
    $0
    Other
    $8,159
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $150,240
    Bonus
    not reported
    Other
    not reported
    Deferred
    $7,512
    Nontaxable benefits
    $647
    Filer's total
    $158,399

  • Curtis Schneider

    CFO

    Total calculated
    $147,244
    From this org
    $138,654
    From related orgs
    $0
    Other
    $8,590
    Hours/week
    40

  • Monique Antillon

    CHIEF PROP O

    Total calculated
    $117,750
    From this org
    $102,453
    From related orgs
    $0
    Other
    $15,297
    Hours/week
    40

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

  • 3 · Compensation survey or study
  • 3 · Approval by the board or compensation committee

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement
  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

Taxable family on this return

Schedule R Parts I, III and IV, as filed. These record ownership and control, not shared board members or money moved.

Disregarded entities

Part I: entities that legally are the filer and file no return of their own.

  • COLORADO HOUSING ENTERPRISES LLC

    LENDING · CO · income $88,760 · assets $6,310,445

  • GATEWAY PLAZA LLC

    BUILDING · CO · income $209,405 · assets $1,458,443

  • ALTA VISTA DE LA MONTANA LLC

    HOUSING · CO

  • PATHWAYS REALTY LLC

    HOUSING · CO

  • SOUTHWEST DEVELOPMENT LLC

    DEVELOP. · CO · assets $274,554

  • COMMUNITY PATHWAYS LLC

    HOUSING · CO · income $119,118 · assets $917,661

  • SOL NACIENTE LLC

    HOUSING · CO

  • BRISTLECONE PINES LLC

    HOUSING · CO · income $252,989 · assets $1,731,405

  • OVERLAND TRAIL LLC

    HOUSING · CO · income $466,606 · assets $2,276,372

  • GREEN VIEW LLC

    HOUSING · CO · income $258,883 · assets $1,219,948

  • KIVA APARTMENTS ONE LLC

    HOUSING · CO · income $764,626 · assets $6,308,414

  • KIVA APARTMENTS TWO LLC

    HOUSING · CO · income $550,309 · assets $4,249,426

  • KIVA MINI STORAGE LLC

    STORAGE · CO · income $292,143 · assets $2,130,796

Related partnerships

Part III: related organizations taxable as a partnership, with the filer's share.

  • ALTA VISTA DE LA MONTANA LLLP

    HOUSING · CO · 0.01% owned · share of income $48 · share of assets $456 · general or managing partner

  • SOL NACIENTE LLLP

    HOUSING · CO · 0.01% owned · share of income $56 · share of assets $823 · general or managing partner

  • LAKOTA RIDGE SENIOR APARTMENTS LLLP

    HOUSING · CO · 0.01% owned · share of income $62 · share of assets $1,308 · general or managing partner

Provenance

Return type
form_990
Tax year
2024
Filed
10 February 2026
IRS schema version
2024v5.0
Source object
202610429349301616

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