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Nonprofiteer
← COLORADO AFFORDABLE CATHOLIC HOUSING CORP

Form 990 for tax year 2024

Filed by COLORADO AFFORDABLE CATHOLIC HOUSING CORP.

Totals

Total revenue
$6,881,621
Total expenses
$2,095,222
Contributions and grants received
$5,000,000
Grants paid
$1,500,000
Program service revenue
$530,829
Investment income
$1,350,792
Other revenue
$0
Total assets, end of year
$46,514,953
Total liabilities, end of year
$10,593,022
Net assets or fund balances, end of year
$35,921,931
Program services expenses (Part IX)
$1,945,212
Management and general expenses
$150,010
Fundraising expenses
$0
Program service expenses (Part III)
$1,945,212

Program services were 92.8% 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.

  • 1d · Related organizations

    $5,000,000

  • 2a · Program service revenue: PROGRAM RELATED INTEREST

    total $530,829 · related or exempt $530,829

  • 3 · Investment income

    total $1,228,063 · excluded $1,228,063

  • 7a · Gross sales of assets other than inventory

    securities $147,729 · other assets $720,000

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

    other assets $745,000

  • 7c · Gain or loss

    securities $147,729 · other assets -$25,000

  • 7d · Net gain or loss

    total $122,729 · related or exempt $147,729 · excluded -$25,000

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $1,500,000 · program services $1,500,000

  • 11a · Fees: management

    total $3,600 · management and general $3,600

  • 11f · Fees: investment management

    total $125,022 · management and general $125,022

  • 11g · Fees: other

    total $21,388 · management and general $21,388

  • 20 · Interest

    total $445,212 · program services $445,212

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $468,291 · end of year $442,928

  • 2 · Savings and temporary cash investments

    beginning of year $18,798,451 · end of year $7,272,042

  • 7 · Other notes and loans receivable

    beginning of year $10,824,007 · end of year $18,640,546

  • 10c · Land, buildings and equipment, net

    beginning of year $745,000

  • 11 · Investments: publicly traded securities

    beginning of year $7,329,305 · end of year $15,294,007

  • 12 · Investments: other securities

    beginning of year $2,627,518 · end of year $4,865,430

  • 17 · Accounts payable and accrued expenses

    beginning of year $19,359 · end of year $23,196

  • 20 · Tax-exempt bond liabilities

    beginning of year $10,824,007 · end of year $10,569,826

  • 27 · Net assets without donor restrictions

    beginning of year $25,273,887 · end of year $33,573,524

  • 28 · Net assets with donor restrictions

    beginning of year $4,675,319 · end of year $2,348,407

Mission and programs · 2024

Mission

FINANCING, ACQUISITION AND BUILDING OF AFFORDABLE HOUSING.

  • FINANCING, ACQUISITION AND BUILDING OF AFFORDABLE HOUSING: 55 UNITS IN GLENWOOD SPRINGS, CO; 60 UNITS IN SILVERTHORNE, CO; 61 UNITS IN CARBONDALE, CO; 61 UNITS IN GYPSUM, CO; 100 UNITS IN COLORADO SPRINGS, CO; AND 103 UNITS IN DENVER, CO.

    Expenses $1,945,212 · Grants $1,500,000 · Revenue $530,829

As filed on the 2024 return.

Listed in Part VII

  • Justin Raddatz

    VP OF DEVELO

    Total calculated
    $293,128
    From this org
    $0
    From related orgs
    $251,510
    Other
    $41,618
    Hours/week
    1 + 40 related

    Schedule J breakdown matched by us

    Base
    not reported + $194,010 related
    Bonus
    not reported + $57,500 related
    Other
    not reported
    Deferred
    not reported + $15,671 related
    Nontaxable benefits
    not reported + $25,947 related
    Filer's total
    not reported + $293,128 related

  • Philip Vottiero

    CFO

    Total calculated
    $180,257
    From this org
    $0
    From related orgs
    $157,549
    Other
    $22,708
    Hours/week
    1 + 40 related

    Schedule J breakdown matched by us

    Base
    not reported + $157,549 related
    Bonus
    not reported
    Other
    not reported
    Deferred
    not reported + $6,628 related
    Nontaxable benefits
    not reported + $16,080 related
    Filer's total
    not reported + $180,257 related

  • Stacy Wahrer

    ED HMS

    Total calculated
    $140,988
    From this org
    $0
    From related orgs
    $127,905
    Other
    $13,083
    Hours/week
    1 + 40 related

  • Bob Munroe

    CHAIR

    Total calculated
    $0
    Hours/week
    1

  • Tim Zaleski

    TREASURER

    Total calculated
    $0
    Hours/week
    1

  • Bob Gross

    SECRETARY

    Total calculated
    $0
    Hours/week
    1

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

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.

  • 2800 MIDLAND LLC

    AFFORDABLE · CO

    Directly controlled by CACHC

Provenance

Return type
form_990
Tax year
2024
Filed
14 November 2025
IRS schema version
2024v5.0
Source object
202523189349305717

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