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Nonprofiteer
← DEVELOPMENTAL PATHWAYS HOUSING CORP III

Form 990 for tax year 2024

Filed by DEVELOPMENTAL PATHWAYS HOUSING CORP III.

Totals

Total revenue
$2,199,533
Total expenses
$313,738
Contributions and grants received
$0
Grants paid
$97,610
Program service revenue
$0
Investment income
$2,199,533
Other revenue
$0
Total assets, end of year
$0
Total liabilities, end of year
$0
Net assets or fund balances, end of year
$0
Program services expenses (Part IX)
$313,738
Management and general expenses
$0
Fundraising expenses
$0
Program service expenses (Part III)
$313,738

Program services were 100.0% 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.

  • 7a · Gross sales of assets other than inventory

    other assets $2,199,533

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

    other assets $0

  • 7c · Gain or loss

    other assets $2,199,533

  • 7d · Net gain or loss

    total $2,199,533 · excluded $2,199,533

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $97,610 · program services $97,610

  • 11c · Fees: accounting

    total $18,636 · program services $18,636

  • 16 · Occupancy

    total $22,566 · program services $22,566

  • 24a · Other expenses: MAINTENANCE

    total $110,022 · program services $110,022

  • 24b · Other expenses: FINANCING EXPENSES

    total $64,904 · program services $64,904

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    end of year $0

  • 2 · Savings and temporary cash investments

    beginning of year $140,219 · end of year $0

  • 3 · Pledges and grants receivable

    end of year $0

  • 4 · Accounts receivable

    end of year $0

  • 5 · Loans and receivables from officers and key people

    end of year $0

  • 6 · Loans and receivables from disqualified persons

    end of year $0

  • 7 · Other notes and loans receivable

    end of year $0

  • 8 · Inventories for sale or use

    end of year $0

  • 9 · Prepaid expenses and deferred charges

    beginning of year $14,559 · end of year $0

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

    $0

  • 10c · Land, buildings and equipment, net

    beginning of year $1,910,957 · end of year $0

  • 11 · Investments: publicly traded securities

    end of year $0

  • 12 · Investments: other securities

    end of year $0

  • 13 · Investments: program-related

    end of year $0

  • 14 · Intangible assets

    end of year $0

  • 15 · Other assets

    beginning of year $6,200 · end of year $0

  • 17 · Accounts payable and accrued expenses

    beginning of year $9,755

  • 25 · Other liabilities

    beginning of year $3,947,975 · end of year $0

  • 27 · Net assets without donor restrictions

    beginning of year -$1,885,795

Mission and programs · 2024

Mission

TO PROVIDE DEVELOPMENTALLY DISABLED ADULTS WITH A HOUSING FACILITY SPECIFICALLY DESIGNED TO MEET THEIR PHYSICAL, SOCIAL AND PSYCHOLOGICAL NEEDS.

Activities or mission (Part I)

TO PROVIDE DEVELOPMENTALLY DISABLED ADULTS WITH A HOUSING FACILITY.

  • OPERATION OF RESIDENTIAL FACILITIES FOR DEVELOPMENTALLY DISABLED ADULTS UNDER SECTION 811 OF THE NATIONAL HOUSING ACT.

    Expenses $313,738 · Grants $97,610

As filed on the 2024 return.

Listed in Part VII

  • Lesa Stellke

    PRESIDENT

    Total calculated
    $0
    Hours/week
    0.1 + 1.7 related

  • Tim Moore

    VICE PRESIDENT

    Total calculated
    $0
    Hours/week
    0.1 + 1.7 related

  • Jim Brennan

    SECRETARY

    Total calculated
    $0
    Hours/week
    0.1 + 1.7 related

  • Lisa Cornacchia

    TREASURER

    Total calculated
    $0
    Hours/week
    0.1 + 1.7 related

  • Bill Harmon

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.1 + 1.7 related

  • Michael Greenemier

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.1 + 1.7 related

  • Alexa Lanpher

    EXECUTIVE DIRECTOR

    Total calculated
    $185,402
    From this org
    $0
    From related orgs
    $158,104
    Other
    $27,298
    Hours/week
    0.3 + 39.7 related

    Schedule J breakdown matched by us

    Base
    $0 + $158,104 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $6,880 related
    Nontaxable benefits
    $0 + $20,418 related
    Filer's total
    $0 + $185,402 related

  • Paul Villamaria

    CHIEF FINANCIAL OFFICER

    Total calculated
    $126,318
    From this org
    $0
    From related orgs
    $109,323
    Other
    $16,995
    Hours/week
    0.3 + 39.7 related

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

The filer's explanations (Part III)

PART I, LINE 3
COMPENSATION PAID TO THE TOP MANAGEMENT OFFICIALS IS PAID FOR BY CONTINUUM OF COLORADO, INC.(COC), A RELATED TAX-EXEMPT ORGANIZATION. COC USES THE FORM 990 OF COMPARABLE ORGANIZATIONS, A COMPENSATION SURVEY, AND APPROVAL BY THE BOARD OF DIRECTORS TO ESTABLISH COMPENSATION AMOUNTS FOR THOSE OFFICIALS.

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

  • US DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT

    $97,610

    DISTRIBUTION UPON DISSOLUTION

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.

Assets distributed on this return

Schedule N, as filed: what the organization did with its assets when it liquidated or dissolved, or disposed of more than a quarter of them, and who received them. A recipient with an EIN is usually a successor organization; filers also list expenses such as legal fees here.

  • US DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT

    $97,610

    Liquidation · CASH · Aug 7, 2025 · GOV

  • THE BUY-OUT COMPANY LLLP

    $1,460,000

    Liquidation · FIXED ASSETS CONSISTING OF LAND, BUILDINGS, AND EQUIPMENT. · Feb 13, 2025 · LLLP

Provenance

Return type
form_990
Tax year
2024
Filed
14 January 2026
IRS schema version
2024v5.5
Source object
202610149349301746

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