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← HOUSING & BUILDING ASSOCIATION OF COLORADO SPRINGS

Form 990 for tax year 2023

Filed by HOUSING & BUILDING ASSOCIATION OF COLORADO SPRINGS.

Totals

Total revenue
$2,679,881
Total expenses
$2,192,909
Contributions and grants received
$1,055,027
Grants paid
$0
Program service revenue
$1,382,698
Investment income
$14,383
Other revenue
$227,773
Total assets, end of year
$2,499,736
Total liabilities, end of year
$357,948
Net assets or fund balances, end of year
$2,141,788
Program services expenses (Part IX)
$1,618,450
Management and general expenses
$574,459
Fundraising expenses
$0
Program service expenses (Part III)
$1,618,450

Program services were 73.8% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Listed in Part VII

  • Mark Reyner

    President

    Total calculated
    $0
    Hours/week
    4

  • Chad Thurber

    Immediate Past President

    Total calculated
    $0
    Hours/week
    1

  • Thomas Garmong

    President-Elect

    Total calculated
    $0
    Hours/week
    2

  • Carrie Bartow

    Director

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • Andrea Barlow

    Director

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • Andy Merritt

    Director

    Total calculated
    $0
    Hours/week
    1

  • Aric Jones

    Director

    Total calculated
    $0
    Hours/week
    1

  • BJ Hybl

    Director

    Total calculated
    $0
    Hours/week
    1

  • Blake Green

    Director

    Total calculated
    $0
    Hours/week
    1

  • Bryan Long

    Director

    Total calculated
    $0
    Hours/week
    1

  • Chris Jorgensen

    Director

    Total calculated
    $0
    Hours/week
    1

  • Danielle Doyle

    Director

    Total calculated
    $0
    Hours/week
    1

  • Edward Gonzalez

    Director

    Total calculated
    $0
    Hours/week
    1

  • Eric Hunter

    Director

    Total calculated
    $0
    Hours/week
    1

  • Grace Covington

    Director

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • Gregory Shaner

    Director

    Total calculated
    $0
    Hours/week
    1

  • Jerry Novak

    Director

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • Jill Lais

    Director

    Total calculated
    $0
    Hours/week
    1

  • Joe Loidolt

    Director

    Total calculated
    $0
    Hours/week
    1

  • Kevin Walker

    Director

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • Kyle Campbell

    Director

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • Lain Chappell

    Director

    Total calculated
    $0
    Hours/week
    1

  • Loren Moreland

    Director

    Total calculated
    $0
    Hours/week
    1

  • Lori Rhodes

    Director

    Total calculated
    $0
    Hours/week
    1

  • Mark Long

    Director

    Total calculated
    $0
    Hours/week
    1

  • Michael Suggs

    Director

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • Mike DeGrant

    Director

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • Mike Fenton

    Director

    Total calculated
    $0
    Hours/week
    1

  • Randy Case II

    Director

    Total calculated
    $0
    Hours/week
    1

  • Richard Van Seenus

    Director

    Total calculated
    $0
    Hours/week
    1

  • Ryan Klein

    Director

    Total calculated
    $0
    Hours/week
    1

  • Skip Howes

    Director

    Total calculated
    $0
    Hours/week
    1

  • Tom Stewart

    Director

    Total calculated
    $0
    Hours/week
    1

  • Tye Tutt

    Director

    Total calculated
    $0
    Hours/week
    1

  • Renee Zentz

    CEO

    Total calculated
    $330,862
    From this org
    $291,682
    From related orgs
    $0
    Other
    $39,180
    Hours/week
    60 + 1 related

    Schedule J breakdown matched by us

    Base
    $232,057
    Bonus
    $59,625
    Other
    $0
    Deferred
    $13,860
    Nontaxable benefits
    $25,320
    Filer's total
    $330,862

  • Marla Novak

    Employee

    Total calculated
    $131,016
    From this org
    $106,649
    From related orgs
    $0
    Other
    $24,367
    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

The filer's explanations (Part III)

Part I, Line 3
Annual goals and objectives are set at the beginning of the year. In November of each year the immediate past president, current president, and incoming president meet and evaluate the CEO's accomplishments. This committee is chaired by the immediate past president. As part of the review, they review the goals and objectives set forth at the beginning of the year, unexpected accomplishments, and challenges faced during that year. They also review annually the compensation from other HBA CEO's and like positions in the community. Bonuses and salary increases are discussed and they then make a recommendation to the executive committee. The executive committee ultimately votes on annual bonuses, increases or decreases in salary, or disciplinary actions if needed. The leadership does hold a formal evaluation with the CEO and sets the goals and objectives for the next year.

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

No itemized grants to organizations 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.

  • HBA Workforce LLC

    CO · income $989,956 · assets $671,526

    Directly controlled by Housing & Building Association of Colorado SpringsPikes Peak Region

Provenance

Return type
form_990
Tax year
2023
Filed
9 September 2024
IRS schema version
2023v5.1
Source object
202402539349301410

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