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← WEST COMMUNITY ECONOMIC DEVELOPMENT CORPORATION

Form 990 for tax year 2024

Filed by WEST COMMUNITY ECONOMIC DEVELOPMENT CORPORATION.

Totals

Total revenue
$1,491,656
Total expenses
$1,298,932
Contributions and grants received
$2,072,795
Grants paid
$16,518
Program service revenue
$132,515
Investment income
$965
Other revenue
-$714,619
Total assets, end of year
$4,638,005
Total liabilities, end of year
$3,848,214
Net assets or fund balances, end of year
$789,791
Program services expenses (Part IX)
$827,820
Management and general expenses
$366,669
Fundraising expenses
$104,443
Program service expenses (Part III)
$827,820

Program services were 63.7% 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)

    $1,100,638

  • 1f · All other contributions, gifts and grants

    $972,157

  • 2a · Program service revenue: COMMUNITY PROJECTS

    total $95,044 · related or exempt $95,044

  • 2b · Program service revenue: OTHER PROGRAMS

    total $37,471 · related or exempt $37,471

  • 3 · Investment income

    total $965 · excluded $965

  • 6a · Gross rents

    real property $1,263,621 · personal property $124,708

  • 6b · Less rental expenses

    real property $1,914,049 · personal property $188,899

  • 6c · Rental income or loss

    real property -$650,428 · personal property -$64,191

  • 6d · Net rental income or loss

    total -$714,619 · unrelated business -$64,191 · excluded -$650,428

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $16,518 · program services $16,518

  • 5 · Compensation of officers, directors and key employees

    total $144,377 · program services $18,769 · management and general $106,839 · fundraising $18,769

  • 6 · Compensation of disqualified persons

    total $1,024,432 · program services $858,687 · management and general $94,143 · fundraising $71,602

  • 9 · Other employee benefits

    total $65,361 · program services $45,543 · management and general $13,547 · fundraising $6,271

  • 10 · Payroll taxes

    total $103,612 · program services $77,983 · management and general $19,298 · fundraising $6,331

  • 11c · Fees: accounting

    total $41,597 · management and general $41,597

  • 11g · Fees: other

    total $240,051 · program services $206,551 · management and general $33,500

  • 12 · Advertising and promotion

    total $28,324 · program services $17,640 · management and general $10,684

  • 13 · Office expenses

    total $54,822 · program services $47,550 · management and general $7,272

  • 16 · Occupancy

    total $488,396 · program services $480,559 · management and general $7,837

  • 19 · Conferences, conventions and meetings

    total $238,537 · program services $232,414 · management and general $5,553 · fundraising $570

  • 20 · Interest

    total $102,198 · program services $100,778 · management and general $1,420

  • 22 · Depreciation, depletion and amortization

    total $158,877 · program services $158,877

  • 23 · Insurance

    total $51,728 · program services $41,949 · management and general $9,779

  • 24a · Other expenses: UTILITIES

    total $391,453 · program services $388,018 · management and general $3,435

  • 24b · Other expenses: REPAIRS AND MAINTENANCE

    total $140,925 · program services $140,811 · management and general $114

  • 24c · Other expenses: BAD DEBT EXPENSES

    total $32,227 · program services $32,227

  • 24d · Other expenses: BANK FEES

    total $30,193 · program services $28,994 · management and general $1,199

  • 24e · All other expenses

    total -$2,054,696 · program services -$2,066,048 · management and general $10,452 · fundraising $900

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $251,783 · end of year $358,756

  • 4 · Accounts receivable

    beginning of year $314,410 · end of year $363,575

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

    $3,846,814

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

    $401,114

  • 10c · Land, buildings and equipment, net

    beginning of year $2,821,166 · end of year $3,445,700

  • 15 · Other assets

    beginning of year $478,051 · end of year $469,974

  • 17 · Accounts payable and accrued expenses

    beginning of year $286,357 · end of year $173,297

  • 23 · Secured mortgages and notes payable

    beginning of year $2,982,338 · end of year $3,674,917

  • 27 · Net assets without donor restrictions

    beginning of year $596,715 · end of year $789,791

Mission and programs · 2024

Mission

SMALL BUSINESS SUPPORT, NEIGHBORHOOD REVITALIZATION, ECONOMIC DEVELOPMENT.

Activities or mission (Part I)

TO CREATE A DESTINATION THAT PROMOTES AND SUPPORTS ENTERPRENEURS, AND PROVIDESSMALL BUSINESS SUPPORT, NEIGHBORHOOD REVITALIZATION, AND ECONOMIC DEVELOPMENT.

  • SMALL BUSINESS SUPPORT, NEIGHBORHOOD REVITALIZATION, ECONOMIC DEVELOPMENT.BUCU WEST SUPPORTS OVER 300 LOCAL BUSINESSES ANNUALLY BY CREATING PATHWAYS TO OWNERSHIP FOR BIPOC, WOMEN, AND IMMIGRANT ENTREPRENEURS. THROUGH REAL ESTATE ACQUISITION, BUCU WEST MITIGATES DISPLACEMENT RISKS AND PROVIDES AFFORDABLE COMMERCIAL SPACES, ALLOWING SMALL BUSINESSES TO THRIVE AND BUILD EQUITY. THE ORGANIZATION'S KITCHEN FACILITIES ENABLE CULINARY ENTREPRENEURS TO START WITH MINIMAL INVESTMENT, WHILE BUSINESS CONSULTANTS OFFER GUIDANCE ON LICENSING AND COMPLIANCE. THIS HOLISTIC APPROACH STRENGTHENS DENVER'S ECONOMIC FABRIC, FOSTERING GENERATIONAL WEALTH AND STABILITY IN NEIGHBORHOODS AND PROMOTING LONG-TERM GROWTH AND RESILIENCE FOR UNDERSERVED COMMUNITIES.

    Expenses $827,820 · Grants $16,518 · Revenue $132,515

As filed on the 2024 return.

Listed in Part VII

  • Jeri Barajas

    PRESIDENT

    Total calculated
    $0
    Hours/week
    1

  • Aaron Elinoff

    TREASURER

    Total calculated
    $0
    Hours/week
    1

  • Nicole Martinez

    SECRETARY

    Total calculated
    $0
    Hours/week
    1

  • Hiram Licea

    MEMBER AT LARGE

    Total calculated
    $0
    Hours/week
    1

  • Fermin Avila

    MEMBER AT LARGE

    Total calculated
    $0
    Hours/week
    1

  • Erin Laetz

    MEMBER AT LARGE

    Total calculated
    $0
    Hours/week
    1

  • Nestor Castillo

    MEMBER AT LARGE

    Total calculated
    $0
    Hours/week
    1

  • Steph Frances

    MEMBER AT LARGE

    Total calculated
    $0
    Hours/week
    1

  • Jonathan Steiner

    MEMBER AT LARGE

    Total calculated
    $0
    Hours/week
    1

  • Jose Esparza

    EXECUTIVE DIRECTOR

    Total calculated
    $152,956
    From this org
    $144,377
    From related orgs
    $0
    Other
    $8,579
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $144,377
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $8,579
    Filer's total
    $152,956

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

  • VARIOUS BUCU GRANTS AWARDED

    $16,518

    BUILDING IMPROVEMENTS

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.

  • BUBU WEST KITCHEN

    REAL ESTATE RENTAL · CO

  • 4040 MORRISON RD LLC

    REAL ESTATE RENTAL · CO

Provenance

Return type
form_990
Tax year
2024
Filed
11 November 2025
IRS schema version
2024v5.2
Source object
202523169349306222

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