Totals
- Total revenue
- $29,022,591
- Total expenses
- $30,205,192
- Contributions and grants received
- $18,828,545
- Grants paid
- $13,289,071
- Program service revenue
- $9,285,619
- Investment income
- $724,291
- Other revenue
- $184,136
- Total assets, end of year
- $41,115,184
- Total liabilities, end of year
- $21,288,475
- Net assets or fund balances, end of year
- $19,826,709
- Program services expenses (Part IX)
- $28,219,119
- Management and general expenses
- $1,986,073
- Fundraising expenses
- $0
- Program service expenses (Part III)
- $28,219,119
Program services were 93.4% 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)
$17,448,199
-
1f · All other contributions, gifts and grants
$1,380,346
-
1g · Noncash contributions included above
$166
-
2a · Program service revenue: TENANT RENT
total $4,890,251 · related or exempt $4,890,251
-
2b · Program service revenue: PROPERTY MANAGEMENT FEES
total $2,976,261 · related or exempt $2,976,261
-
2c · Program service revenue: DEVELOPER FEES
total $1,419,107 · related or exempt $1,419,107
-
3 · Investment income
total $724,291 · excluded $724,291
-
11a · Other revenue: MISC REVENUE
total $171,816 · excluded $171,816
-
11b · Other revenue: CELL TOWER RENTS
total $12,320 · unrelated business $12,320
-
11e · Other revenue, total
$184,136
Functional expenses
Part IX, the statement of functional expenses.
-
2 · Grants to domestic individuals
total $13,289,071 · program services $13,289,071
-
5 · Compensation of officers, directors and key employees
total $220,988 · program services $169,789 · management and general $51,199
-
7 · Other salaries and wages
total $7,548,744 · program services $6,228,285 · management and general $1,320,459
-
11g · Fees: other
total $531,109 · program services $448,450 · management and general $82,659
-
12 · Advertising and promotion
total $236,775 · program services $227,998 · management and general $8,777
-
13 · Office expenses
total $371,604 · program services $186,428 · management and general $185,176
-
16 · Occupancy
total $1,700,816 · program services $1,690,410 · management and general $10,406
-
19 · Conferences, conventions and meetings
total $79,037 · program services $73,724 · management and general $5,313
-
20 · Interest
total $893,431 · program services $893,431
-
22 · Depreciation, depletion and amortization
total $661,215 · program services $654,047 · management and general $7,168
-
23 · Insurance
total $2,030,575 · program services $1,797,916 · management and general $232,659
-
24a · Other expenses: PROGRAM SERVICES
total $2,434,337 · program services $2,434,337
-
24b · Other expenses: MISCELLANEOUS
total $190,562 · program services $109,950 · management and general $80,612
-
24c · Other expenses: EQUIPMENT MAINTENANCE
total $16,928 · program services $15,283 · management and general $1,645
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $6,834,975 · end of year $736,964
-
2 · Savings and temporary cash investments
beginning of year $2,213,193 · end of year $6,787,146
-
4 · Accounts receivable
beginning of year $7,408,161 · end of year $5,170,999
-
7 · Other notes and loans receivable
beginning of year $8,634,299 · end of year $8,466,840
-
9 · Prepaid expenses and deferred charges
beginning of year $216,437 · end of year $339,230
-
10a · Land, buildings and equipment: cost or other basis
$21,153,178
-
10b · Land, buildings and equipment: accumulated depreciation
$7,666,041
-
10c · Land, buildings and equipment, net
beginning of year $13,282,528 · end of year $13,487,137
-
12 · Investments: other securities
beginning of year $2,336,461 · end of year $2,613,638
-
15 · Other assets
beginning of year $2,435,865 · end of year $3,513,230
-
17 · Accounts payable and accrued expenses
beginning of year $3,404,891 · end of year $1,885,446
-
19 · Deferred revenue
beginning of year $909,919 · end of year $894,138
-
23 · Secured mortgages and notes payable
beginning of year $17,935,442 · end of year $18,335,363
-
25 · Other liabilities
beginning of year $102,382 · end of year $173,528
-
27 · Net assets without donor restrictions
beginning of year $20,068,805 · end of year $19,826,709
-
28 · Net assets with donor restrictions
beginning of year $940,480 · end of year $0
Mission and programs · 2024
Mission
TO PROVIDE SAFE, AFFORDABLE, ACCESSIBLE HOUSING AND HOUSING SERVICES FOR THE LOW-INCOME, ELDERLY AND DISABLED OF COLORADO.
Activities or mission (Part I)
TO PROVIDE SAFE, AFFORDABLE, ACCESSIBLE HOUSING AND HOUSING SERVICES FOR THELOW-INCOME, ELDERLY AND DISABLED OF COLORADO.
-
PROVIDED MANAGERIAL OVERSIGHT AND PROPERTY MANAGEMENT SERVICES TO THE COMMUNITY PROPERTIES OWNED BY THE ORGANIZATION AND THE SCHEDULE R ENTITIES, AND PROVIDED THIRD-PARTY MAINTENANCE TO OUR NONPROFIT ORGANIZATION. WE MANAGED THIRTEEN (13) AFFORDABLE HOUSING COMMUNITIES PROVIDING 526 APARTMENTS TO DISABLED, ELDERLY, AND LOW-INCOME FAMILIES.
Expenses $4,421,919 · Revenue $4,395,368
-
PROVIDE HOUSING AND SUPPORT SERVICES ACROSS COLORADO TO LOW-INCOME, ELDERLY AND DISABLED RESIDENTS, INCLUDING HOME MODIFICATIONS AND REPAIR; HOUSING COUNSELING/RENTAL NAVIGATION; AFFORDABLE HOUSING ASSISTANCE AND SEARCH; SENIOR SERVICES NAVIGATION, AND MORE.
Expenses $23,797,200 · Grants $13,289,071 · Revenue $4,890,251
As filed on the 2024 return.
Listed in Part VII
-
Chad H MitchellCHAD H MITCHELL
CHAIRMAN
- Total calculated
- $0
- Hours/week
- 3
-
Larry AubrechtLARRY AUBRECHT
TREASURER
- Total calculated
- $0
- Hours/week
- 3
-
Joycelyn GardnerJOYCELYN GARDNER
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
William M ChristopherWILLIAM M CHRISTOPHER
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Jennifer HaynesJENNIFER HAYNES
VICE CHAIR
- Total calculated
- $0
- Hours/week
- 2
-
Lynn ArchuletaLYNN ARCHULETA
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
John RinderknechtJOHN RINDERKNECHT
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Margaret TurcoMARGARET TURCO
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Janine HalversonJANINE HALVERSON
SECRETARY
- Total calculated
- $0
- Hours/week
- 3
-
Katie McKennaKATIE MCKENNA
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Jim TanzilloJIM TANZILLO
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Jeff MartinezJEFF MARTINEZ
PRESIDENT
- Total calculated
- $220,988
- From this org
- $190,246
- From related orgs
- $0
- Other
- $30,742
- Hours/week
- 55
Schedule J breakdown matched by us
- Base
- $160,582
- Bonus
- $15,000
- Other
- $14,664
- Deferred
- $5,988
- Nontaxable benefits
- $24,754
- Filer's total
- $220,988
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
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.
-
501(C)(3) · AFFORDABLE HOUSING · CO · controlled entity
Directly controlled by BROTHERS REDEVELOPMENT
-
501(C)(3) · AFFORDABLE HOUSING · CO · controlled entity
Directly controlled by BROTHERS REDEVELOPMENT
-
501(C)(3) · AFFORDABLE HOUSING · CO · controlled entity
Directly controlled by BROTHERS REDEVELOPMENT
-
501(C)(3) · AFFORDABLE HOUSING · CO · controlled entity
Directly controlled by BROTHERS REDEVELOPMENT
-
TRI-PROPERTIES INCLUDED IN THIS 990
501(C)(3) · AFFORDABLE HOUSING · CO · controlled entity
Directly controlled by BROTHERS REDEVELOPMENT
-
COMMUNITY DEVELOPMENT PTSHIP INC
501(C)(3) · GP IN LA ALMA HOUSING LTD · CO · controlled entity
Directly controlled by BROTHERS REDEVELOPMENT
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.
-
BROTHERS TRIPROPERTIES
AFFORDABLE HOUSING · CO · income $2,674,605 · assets $7,284,623
Directly controlled by BROTHERS REDEVELOPMENT
-
BROTHERS PROPERTY MANAGEMENT
PROPERTY MANAGEMENT · CO · income $5,002,548 · assets $3,967,761
Directly controlled by BROTHERS REDEVELOPMENT
-
BRI DEVELOPERS LLC
AFFORDABLE HOUSING · CO · income -$25 · assets $479,816
Directly controlled by BROTHERS REDEVELOPMENT
-
FEDERAL VIEW APARTMENTS
AFFORDABLE HOUSING · CO · income $421,696 · assets $1,518,691
Directly controlled by BROTHERS REDEVELOPMENT
-
CLAYTON STREET RESIDENCES
AFFORDABLE HOUSING · CO · income $123,499 · assets $366,837
Directly controlled by BROTHERS REDEVELOPMENT
-
BROTHERS SPE I LLC
AFFORDABLE HOUSING · CO · income $4,952,523 · assets $3,928,083
Directly controlled by BROTHERS REDEVELOPMENT
-
BRI VALOR DEVELOPER LLC
AFFORDABLE HOUSING · CO · income -$91 · assets $1,025,480
Directly controlled by BROTHERS REDEVELOPMENT
Related corporations and trusts
Part IV: related organizations taxable as a corporation or trust.
-
COMMUNITY DEVELOPMENT PARTNERS
C · AFFORDABLE HOUSING · CO · 100% owned · share of income -$91 · share of assets -$2,587
Directly controlled by BROTHERS REDEVELOPMENT
Provenance
- Return type
- form_990
- Tax year
- 2024
- Filed
- 15 July 2026
- IRS schema version
- 2024v5.5
- Source object
- 202642179349301509
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