Skip to content
Nonprofiteer
← 1035 OSAGE INC

Form 990 for tax year 2022

Filed by 1035 OSAGE INC.

Totals

Total revenue
$2,137,669
Total expenses
$1,624,980
Contributions and grants received
$0
Grants paid
$221,897
Program service revenue
$2,132,708
Investment income
$4,961
Other revenue
$0
Total assets, end of year
$58,739,584
Total liabilities, end of year
$54,718,307
Net assets or fund balances, end of year
$4,021,277
Program services expenses (Part IX)
$1,428,082
Management and general expenses
$196,898
Fundraising expenses
$0
Program service expenses (Part III)
$1,428,082

Program services were 87.9% 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.

  • 2a · Program service revenue: RENTAL INTEREST

    total $1,117,691 · related or exempt $1,117,691

  • 2b · Program service revenue: DHA PROPERTY MANAGEMEN

    total $1,015,017 · related or exempt $1,015,017

  • 3 · Investment income

    total $4,961 · excluded $4,961

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $221,897 · program services $221,897

  • 11a · Fees: management

    total $139,750 · management and general $139,750

  • 11c · Fees: accounting

    total $56,900 · management and general $56,900

  • 11g · Fees: other

    total $248 · management and general $248

  • 20 · Interest

    total $296,951 · program services $296,951

  • 22 · Depreciation, depletion and amortization

    total $909,234 · program services $909,234

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $595,688 · end of year $411,438

  • 9 · Prepaid expenses and deferred charges

    beginning of year $550 · end of year $0

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

    $34,627,616

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

    $3,070,046

  • 10c · Land, buildings and equipment, net

    beginning of year $32,466,804 · end of year $31,557,570

  • 12 · Investments: other securities

    beginning of year $155,118 · end of year $156,161

  • 15 · Other assets

    beginning of year $0 · end of year $26,614,415

  • 17 · Accounts payable and accrued expenses

    beginning of year $8,425 · end of year $0

  • 24 · Unsecured notes and loans payable

    beginning of year $29,698,000 · end of year $29,698,000

  • 25 · Other liabilities

    beginning of year $0 · end of year $25,020,307

  • 27 · Net assets without donor restrictions

    beginning of year $3,511,735 · end of year $4,021,277

Mission and programs · 2022

Mission

1035 OSAGE, INC WAS FORMED TO ACQUIRE, INVEST IN, ENCUMBER, DEVELOP, HOLD, OPERATE, OWN, LEASE, CONSTRUCT, MANAGE, OR OTHERWISE DEAL IN OR WITH THE ACQUISITION, DEVELOPMENT, AND OPERATION OF THE PROPERTY IN DENVER, COLORADO, WHICH INCLUDES OFFICES OF DHA AND A COLLABORATIVE RESOURCE CENTER FOR DHA (THE "CRC") OR ANY COMPONENT OF THE CRC.

Activities or mission (Part I)

1035 OSAGE, INC WAS FORMED TO ACQUIRE, INVEST IN, ENCUMBER, DEVELOP, HOLD, OPERATE, OWN, LEASE, CONSTRUCT, MANAGE, OR OTHERWISE DEAL IN OR WITH THE ACQUISITION, DEVELOPMENT, AND OPERATION OF THE PROPERTY IN DENVER, COLORADO, WHICH INCLUDES OFFICES OF DHA AND A COLLABORATIVE RESOURCE CENTER FOR DHA (THE "CRC") OR ANY COMPONENT OF THE CRC. THE PROJECT COMPLETED CONSTRUCTION IN AUGUST 2019 AND IS NOW THE NEW HEADQUARTERS FOR THE DENVER HOUSING AUTHORITY.

  • 1035 OSAGE, INC WAS FORMED TO ACQUIRE, INVEST IN, ENCUMBER, DEVELOP, HOLD, OPERATE, OWN, LEASE, CONSTRUCT, MANAGE, OR OTHERWISE DEAL IN OR WITH THE ACQUISITION, DEVELOPMENT, AND OPERATION OF THE PROPERTY IN DENVER, COLORADO, WHICH INCLUDES OFFICES OF DHA AND A COLLABORATIVE RESOURCE CENTER FOR DHA (THE "CRC") OR ANY COMPONENT OF THE CRC.

    Expenses $1,428,082 · Grants $221,897 · Revenue $2,132,708

As filed on the 2022 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • David Nisivoccia

    CHAIRPERSON

    Total calculated
    $0
    Hours/week
    0.5 + 39.5 related

  • Chris Nevitt

    SECRETARY

    Total calculated
    $0
    Hours/week
    0.5

  • Nichole Ford

    TREASURER

    Total calculated
    $219,153
    From this org
    $0
    From related orgs
    $177,197
    Other
    $41,956
    Hours/week
    0.5 + 39.5 related

    Schedule J breakdown matched by us

    Base
    $0 + $177,197 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $18,893 related
    Nontaxable benefits
    $0 + $23,063 related
    Filer's total
    $0 + $219,153 related

  • Kimball Crangle

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5

  • Lavonne Heaviland

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5

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

None.

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

  • DENVER HOUSING AUTHORITY

    $221,897

    GENERAL SUPPORT

Provenance

Return type
form_990
Tax year
2022
Filed
23 August 2023
IRS schema version
2022v5.0
Source object
202322429349300142

Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.

The source document this was parsed from is served over the API, which is where bulk and document access live.