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← IMPACT DEVELOPMENT FUND

Form 990 for tax year 2022

Filed by IMPACT DEVELOPMENT FUND.

Totals

Total revenue
$5,955,090
Total expenses
$4,118,790
Contributions and grants received
$1,063,750
Grants paid
$140,250
Program service revenue
$4,289,498
Investment income
$601,842
Other revenue
$0
Total assets, end of year
$115,033,331
Total liabilities, end of year
$97,469,009
Net assets or fund balances, end of year
$17,564,322
Program services expenses (Part IX)
$3,468,442
Management and general expenses
$554,009
Fundraising expenses
$96,339
Program service expenses (Part III)
$3,468,442

Program services were 84.2% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Listed in Part VII

  • MARK O'CONNOR

    PRESIDENT

    Total calculated
    $0
    Hours/week
    1

  • BECKY CHRISTOFFERSEN

    VICE PRESIDENT

    Total calculated
    $0
    Hours/week
    1

  • MICAH HALVERSON

    SECRETARY

    Total calculated
    $0
    Hours/week
    1

  • RANDY ILICH

    TREASURER

    Total calculated
    $0
    Hours/week
    1

  • KHANH NGUYEN

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.5

  • KRISTIN CANDELLA

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.5

  • JOHN PIKE

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.5

  • BETH TRUBY

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.5

  • STEPHEN WESSLER

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.5

  • MARY STEGNER

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.5

  • ANNIE PERIZZOLO

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.5

  • RENEE GALLEGOS

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.5

  • BRIAN ROSSBERT

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.5

  • SEAN DOHERTY

    EXECUTIVE DIRECTOR

    Total calculated
    $184,020
    From this org
    $160,385
    From related orgs
    $0
    Other
    $23,635
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $145,385
    Bonus
    $15,000
    Other
    $0
    Deferred
    $4,362
    Nontaxable benefits
    $19,273
    Filer's total
    $184,020

  • MEGAN FERGUSON

    DEPUTY EXECUTIVE DIRECTOR

    Total calculated
    $152,372
    From this org
    $133,861
    From related orgs
    $0
    Other
    $18,511
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $123,861
    Bonus
    $10,000
    Other
    $0
    Deferred
    $3,696
    Nontaxable benefits
    $14,815
    Filer's total
    $152,372

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
  • 7 · Other non-fixed payments

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
  • 8 · Paid under the initial-contract exception

The filer's explanations (Part III)

PART I, LINE 7
THE ORGANIZATION PROVIDES A DISCRETIONARY BONUS TO MANAGEMENT UP TO A CAP BASED ON NET INCOME.

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

  • PROJECT MOXIE

    $140,250

    TO PROVIDE AFFORDABLE HOUSING SERVICES

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.

  • IDF - E ANDREWS DRIVE LLC

    HOLD AND SELL REAL PROPERTY · CO · income $0 · assets $0

    Directly controlled by IMPACT DEVELOPMENT FUND

  • IMPACT DEVELOPMENT BUILDERS LLC

    PROVIDE CONSTRUCTION, REPAIR, MAINTENACE CONSTRUCTION SERVICES · CO · income $0 · assets $1,201,839

    Directly controlled by IMPACT DEVELOPMENT FUND

  • IDB - 1331 E 4TH STREET LOVELAND LLC

    DEVELOP REAL PROPERTY AND SELL SUCH PROPERTY · CO · income $0 · assets $0

    Directly controlled by IMPACT DEVELOPMENT BUILDERS LLC

Provenance

Return type
form_990
Tax year
2022
Filed
2 November 2023
IRS schema version
2022v5.0
Source object
202343079349302644

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