Form 990 for tax year 2022
Filed by DEL NORTE NEIGHBORHOOD DEVELOPMENT CORPORATION.
Totals
- Total revenue
- $3,693,578
- Total expenses
- $4,314,780
- Contributions and grants received
- $1,195,237
- Grants paid
- $0
- Program service revenue
- $2,163,112
- Investment income
- $335,229
- Other revenue
- $0
- Total assets, end of year
- $33,211,488
- Total liabilities, end of year
- $11,425,453
- Net assets or fund balances, end of year
- $21,786,035
- Program services expenses (Part IX)
- $3,112,731
- Management and general expenses
- $1,202,049
- Fundraising expenses
- $0
- Program service expenses (Part III)
- $3,112,731
Program services were 72.1% 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)
$854,354
-
1f · All other contributions, gifts and grants
$340,883
-
2a · Program service revenue: RENTAL INCOME
total $1,952,292 · related or exempt $1,917,584 · unrelated business $34,708
-
2b · Program service revenue: CANCELLATION OF DEBT
total $150,000 · related or exempt $150,000
-
2c · Program service revenue: MANAGEMENT INCOME
total $43,013 · related or exempt $43,013
-
2d · Program service revenue: MISCELLANEOUS INCOME A
total $17,807 · related or exempt $17,807
-
3 · Investment income
total $335,229 · excluded $335,229
Functional expenses
Part IX, the statement of functional expenses.
-
5 · Compensation of officers, directors and key employees
total $146,377 · management and general $146,377
-
7 · Other salaries and wages
total $443,876 · program services $10,834 · management and general $433,042
-
8 · Pension plan contributions
total $14,477 · management and general $14,477
-
9 · Other employee benefits
total $78,003 · program services $663 · management and general $77,340
-
10 · Payroll taxes
total $51,377 · program services $981 · management and general $50,396
-
11a · Fees: management
total $14,055 · program services $14,055
-
11b · Fees: legal
total $14,483 · program services $6 · management and general $14,477
-
11c · Fees: accounting
total $91,020 · program services $1,459 · management and general $89,561
-
12 · Advertising and promotion
total $367 · program services $367
-
20 · Interest
total $291,067 · program services $291,067
-
22 · Depreciation, depletion and amortization
total $435,843 · program services $424,176 · management and general $11,667
-
23 · Insurance
total $68,730 · program services $14,837 · management and general $53,893
-
24a · Other expenses: REPAIRS AND MAINTENANCE
total $1,209,655 · program services $1,018,392 · management and general $191,263
-
24b · Other expenses: GENERAL AND ADMINSTRATI
total $821,337 · program services $723,860 · management and general $97,477
-
24c · Other expenses: UTILITIES
total $314,894 · program services $309,656 · management and general $5,238
-
24d · Other expenses: TAXES
total $134,185 · program services $117,344 · management and general $16,841
-
24e · All other expenses
total $185,034 · program services $185,034
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $1,070,006 · end of year $482,360
-
2 · Savings and temporary cash investments
beginning of year $1,132,744 · end of year $1,230,639
-
4 · Accounts receivable
beginning of year $2,175,215 · end of year $2,032,114
-
7 · Other notes and loans receivable
beginning of year $10,243,778 · end of year $10,160,613
-
8 · Inventories for sale or use
beginning of year $96,980 · end of year $114,632
-
9 · Prepaid expenses and deferred charges
beginning of year $64,080 · end of year $72,352
-
10a · Land, buildings and equipment: cost or other basis
$14,266,383
-
10b · Land, buildings and equipment: accumulated depreciation
$5,242,336
-
10c · Land, buildings and equipment, net
beginning of year $9,411,501 · end of year $9,024,047
-
15 · Other assets
beginning of year $9,960,556 · end of year $10,094,731
-
17 · Accounts payable and accrued expenses
beginning of year $640,556 · end of year $561,587
-
23 · Secured mortgages and notes payable
beginning of year $11,013,568 · end of year $10,772,805
-
25 · Other liabilities
beginning of year $93,499 · end of year $91,061
-
27 · Net assets without donor restrictions
beginning of year $22,160,325 · end of year $21,539,123
-
28 · Net assets with donor restrictions
beginning of year $246,912 · end of year $246,912
Mission and programs · 2022
Mission
TO CREATE AND PRESERVE LOW INCOME HOUSING AND OTHER OPPORTUNITIES FOR UNDER SERVED HOUSEHOLDS, INCLUDING THOSE WITH LOW TO MODERATE INCOME THAT ARE SPANISH SPEAKING AND THOSE WITH SPECIAL NEEDS.
Activities or mission (Part I)
TO CREATE AND PRESERVE LOW INCOME HOUSING AND OTHER OPPORTUNITIES FOR UNDERSERVED HOUSEHOLDS, INCLUDING THOSE THAT ARE LOW AND MODERATE INCOME, SPANISH-SPEAKING AND THOSE WITH SPECIAL NEEDS. THE CORE VALUES STATE THAT ALL PERSONS, WITHOUT DISCRIMINATION, HAVE THE RIGHT TO DECENT, SAFE AND SANITARY HOUSING; AND THAT SERVICES FOR SPECIAL NEEDS POPULATIONS NOT ONLY BENEFIT THE SERVICE RECIPIENTS, BUT ALSO FOSTER HEALTHY NEIGHBORHOODS.
-
OPERATE DECENT, SAFE, AND SANITARY HOUSING AFFORDABLE TO ALL LOW INCOME TO RESIDENTS, INCLUDING THE ELDERLY, DISABLED, AND SPECIAL NEEDS FAMILIES AND INDIVIDUALS WITHIN THE DENVER METRO AREA
Expenses $2,989,759 · Revenue $1,737,811
-
PROVIDE ONE-ON-ONE COUNSELING TO FAMILIES AND INDIVIDUALS LOW/MODERATE-INCOME WITH THE PURPOSE OF HELPING THEM TO REACH THEIR GOAL OF PURCHASING A HOME. IN ONE-ON-ONE COUNSELING THE FAMILIES WILL LEARN HOW TO BUDGET, HOW TO BUILD AND ESTABLISH CREDIT, HOW TO SAVE, LENDING PROCESS AND MORTGAGE OPTIONS, BE AWARE OF PREDATORY LENDERS AND HOME MAINTENANCE.
Expenses $122,972 · Revenue $240,593
As filed on the 2022 return.
Listed in Part VII
-
Deborah OrtegaDEBORAH ORTEGA
PRESIDENT
- Total calculated
- $0
- Hours/week
- 1
-
Dolores MorenoDOLORES MORENO
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Federico AlvarezFEDERICO ALVAREZ
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Jude Del HierroJUDE DEL HIERRO
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Joanna MartinezJOANNA MARTINEZ
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Timothy SandosTIMOTHY SANDOS
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Tammie CarrolTAMMIE CARROL
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Joe LasserJOE LASSER
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Heidi PetersonHEIDI PETERSON
EXECUTIVE DIRECTOR
- Total calculated
- $165,455
- From this org
- $0
- From related orgs
- $146,377
- Other
- $19,078
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $0 + $146,377 related
- Bonus
- $0
- Other
- $0
- Deferred
- $0 + $16,690 related
- Nontaxable benefits
- $0 + $2,388 related
- Filer's total
- $0 + $165,455 related
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 · 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
- 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.
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.
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COLORADO COMMUNITY DEVELOPMENT LAND BANK
HOLD LAND · CO · income -$888 · assets $396,009
Directly controlled by DEL NORTE NEIGHBORHOOD DEVELOPMENT CORPORATION
-
DEL NORTE AVONDALE LLC
HOUSING · CO · income -$39 · assets -$242
Directly controlled by DEL NORTE NEIGHBORHOOD DEVELOPMENT CORPORATION
-
DEL NORTE'S CHESNEY KLEINJOHN LLC
HOUSING · CO · income $1,964 · assets $632,050
Directly controlled by DEL NORTE NEIGHBORHOOD DEVELOPMENT CORPORATION
-
AVONDALE COMMERCIAL LLC
COMMERCIAL RENTAL · CO · income -$96,717 · assets $990,417
Directly controlled by DEL NORTE NEIGHBORHOOD DEVELOPMENT CORPORATION
-
ROMEO'S PLACE LTD
HOUSING · CO · income -$69,263 · assets $202,820
Directly controlled by DEL NORTE NEIGHBORHOOD DEVELOPMENT CORPORATION
-
EMERSON FLATS GP LLC
HOUSING · CO · income -$19 · assets $49
Directly controlled by DEL NORTE NEIGHBORHOOD DEVELOPMENT CORPORATION
Related partnerships
Part III: related organizations taxable as a partnership, with the filer's share.
-
DENVER REVITALIZATION PARTNERSHIP VII LTD
HOUSING · CO
-
HOUSING IS VITAL LP
RELATED · HOUSING · CO · 99.99% owned · share of income -$139,248 · share of assets $1,115,035
-
JUAN DIEGO PARTNERSHIP LLLP
HOUSING · CO
-
EMERSON FLATS LLLP
HOUSING · CO
-
AVONDALE APARTMENTS LLLP
HOUSING · CO
-
VETERANS APARTMENTS LLLP
HOUSING · CO
Related corporations and trusts
Part IV: related organizations taxable as a corporation or trust.
-
35TH AVENUE CORPORATION
C · HOUSING · CO · 100% owned · share of assets $59,977
Directly controlled by DEL NORTE NEIGHBORHOOD DEVELOPMENT CORPORATION
-
DEL NORTE CAPITOL HILL CORPORATION
C · HOUSING · CO · 100% owned
Directly controlled by DEL NORTE NEIGHBORHOOD DEVELOPMENT CORPORATION
-
FOURTEEN TWENTY-ONE CORPORATION
C · HOUSING · CO · 100% owned
Directly controlled by DEL NORTE NEIGHBORHOOD DEVELOPMENT CORPORATION
-
DEL NORTE BROADWAY TERRACE CORPORATION
C · HOUSING · CO · 100% owned · share of income $241 · share of assets -$6,462
Directly controlled by DEL NORTE NEIGHBORHOOD DEVELOPMENT CORPORATION
-
DEL NORTE HOUSING DEVELOPMENT LLC
C · HOUSING · CO · 100% owned · share of income $23,804 · share of assets $480,407
Directly controlled by DEL NORTE NEIGHBORHOOD DEVELOPMENT CORPORATION
-
VETERANS HOUSING LLC
C · HOUSING · CO · 100% owned · share of assets -$139
Directly controlled by DEL NORTE NEIGHBORHOOD DEVELOPMENT CORPORATION
Provenance
- Return type
- form_990
- Tax year
- 2022
- Filed
- 14 November 2023
- IRS schema version
- 2022v5.0
- Source object
- 202303199349300010
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