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Nonprofiteer
← PARADOX COMMUNITY TRUST

Form 990 for tax year 2022

Filed by PARADOX COMMUNITY TRUST.

Totals

Total revenue
$370,000
Total expenses
$73,529
Contributions and grants received
$368,000
Grants paid
$25,000
Program service revenue
$0
Investment income
$0
Other revenue
$2,000
Total assets, end of year
$14,518,618
Total liabilities, end of year
$11,777,484
Net assets or fund balances, end of year
$2,741,134
Program services expenses (Part IX)
$66,152
Management and general expenses
$6,079
Fundraising expenses
$1,298
Program service expenses (Part III)
$66,152

Program services were 90.0% 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.

  • 1f · All other contributions, gifts and grants

    $368,000

  • 11a · Other revenue: RENTAL INCOME

    total $2,000 · related or exempt $2,000

  • 11e · Other revenue, total

    $2,000

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $25,000 · program services $25,000

  • 11g · Fees: other

    total $704 · program services $563 · management and general $141

  • 12 · Advertising and promotion

    total $2,596 · program services $1,298 · fundraising $1,298

  • 13 · Office expenses

    total $932 · program services $745 · management and general $187

  • 14 · Information technology

    total $3,142 · program services $2,514 · management and general $628

  • 16 · Occupancy

    total $14,679 · program services $11,743 · management and general $2,936

  • 17 · Travel

    total $14,424 · program services $14,424

  • 23 · Insurance

    total $10,937 · program services $8,750 · management and general $2,187

  • 24a · Other expenses: PROGRAM EXPENSES

    total $1,115 · program services $1,115

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $2,608,615 · end of year $84,243

  • 4 · Accounts receivable

    end of year $20,000

  • 15 · Other assets

    beginning of year $3,241,683 · end of year $14,414,375

  • 17 · Accounts payable and accrued expenses

    beginning of year $35,866 · end of year $1,729,201

  • 19 · Deferred revenue

    end of year $2,233,169

  • 23 · Secured mortgages and notes payable

    beginning of year $2,400,000 · end of year $7,815,114

  • 27 · Net assets without donor restrictions

    end of year $2,741,134

  • 28 · Net assets with donor restrictions

    beginning of year $3,414,432 · end of year $0

Mission and programs · 2022

Mission

TO UNDERTAKE ACTIVITIES LAWFULLY OPEN TO NONPROFIT CORPORATIONS ORGANIZED UNDER THE COLORADO REVISED NONPROFIT CORPORATIONS ACT ("ACT") TO THE EXTENT SUCH ACTIVITIES MAY BE CONDUCTED BY ORGANIZATIONS ORGANIZED AND OPERATED EXCLUSIVELY FOR CHARITABLE, EDUCATIONAL, AND SCIENTIFIC PURPOSES AS DESCRIBED IN CODE 501(C)(3) INCLUDE DEVELOPING AFFORDABLE HOUSING AND RURAL COMMUNITY DEVELOPMENT.

Activities or mission (Part I)

TO PROVIDE AFFORDABLE HOUSING IN ECONOMICALLY CHALLENGED AREAS.

  • CONSTRUCTION OF AFFORDABLE HOUSING IN RURAL AREAS.

    Expenses $66,152 · Grants $25,000

As filed on the 2022 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Dan Tishman

    CHAIRMAN

    Total calculated
    $0
    Hours/week
    2

  • Tully Friedman

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Paul Major

    PRESIDENT

    Total calculated
    $153,500
    From this org
    $153,500
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $153,500
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $0
    Filer's total
    $153,500

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

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.

Related corporations and trusts

Part IV: related organizations taxable as a corporation or trust.

  • NORWOOD HOMES LLC

    WORKFORCE HOUSING · CO

    Directly controlled by PARADOX COMMUNITY TRUST

  • RIDGWAY HOMES LLC

    WORKFORCE HOUSING · CO

    Directly controlled by PARADOX COMMUNITY TRUST

  • OURAY HOMES LLC

    WORKFORCE HOUSING · CO

    Directly controlled by PARADOX COMMUNITY TRUST

  • NUCLA HOMES LLC

    WORKFORCE HOUSING · CO

    Directly controlled by PARADOX COMMUNITY TRUST

Provenance

Return type
form_990
Tax year
2022
Filed
14 August 2023
IRS schema version
2022v5.0
Source object
202332279349303953

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