Form 990 for tax year 2023

Filed by 550 ACOMA INC.

Totals

Total revenue: $2,496,113
Total expenses: $2,799,424
Contributions and grants received: $0
Grants paid: $0
Program service revenue: $0
Investment income: $26,513
Other revenue: $2,469,600
Total assets, end of year: $27,816,406
Total liabilities, end of year: $38,034,776
Net assets or fund balances, end of year: -$10,218,370
Program services expenses (Part IX): $2,799,424
Management and general expenses: $0
Fundraising expenses: $0
Program service expenses (Part III): $2,799,424

Program services were 100.0% 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.

1a · Federated campaigns

$0
1b · Membership dues

$0
1c · Fundraising events

$0
1d · Related organizations

$0
1e · Government grants (contributions)

$0
1f · All other contributions, gifts and grants

$0
1g · Noncash contributions included above

$0
2f · All other program service revenue

total $0 · related or exempt $0 · unrelated business $0 · excluded $0
3 · Investment income

total $26,513 · related or exempt $0 · unrelated business $0 · excluded $26,513
4 · Income from investment of tax-exempt bond proceeds

total $0 · related or exempt $0 · unrelated business $0 · excluded $0
5 · Royalties

total $0 · related or exempt $0 · unrelated business $0 · excluded $0
6a · Gross rents

real property $2,469,600 · personal property $0
6b · Less rental expenses

real property $0 · personal property $0
6c · Rental income or loss

real property $2,469,600 · personal property $0
6d · Net rental income or loss

total $2,469,600 · related or exempt $0 · unrelated business $0 · excluded $2,469,600
7a · Gross sales of assets other than inventory

securities $0 · other assets $0
7b · Less cost or other basis and sales expenses

securities $0 · other assets $0
7c · Gain or loss

securities $0 · other assets $0
7d · Net gain or loss

total $0 · related or exempt $0 · unrelated business $0 · excluded $0
8a · Fundraising events: gross income

$0
8a · Fundraising events: contributions included on line 1c

$0
8b · Fundraising events: direct expenses

$0
8c · Net income from fundraising events

total $0 · unrelated business $0 · excluded $0
9a · Gaming: gross income

$0
9b · Gaming: direct expenses

$0
9c · Net income from gaming

total $0 · related or exempt $0 · unrelated business $0 · excluded $0
10a · Gross sales of inventory

$0
10b · Cost of goods sold

$0
10c · Net income from sales of inventory

total $0 · related or exempt $0 · unrelated business $0 · excluded $0
11d · All other revenue

total $0 · related or exempt $0 · unrelated business $0 · excluded $0
11e · Other revenue, total

$0

Functional expenses

Part IX, the statement of functional expenses.

1 · Grants to domestic organizations and governments

total $0 · program services $0
2 · Grants to domestic individuals

total $0 · program services $0
3 · Grants to foreign organizations and individuals

total $0 · program services $0
4 · Benefits paid to or for members

total $0 · program services $0
5 · Compensation of officers, directors and key employees

total $0 · program services $0 · management and general $0 · fundraising $0
6 · Compensation of disqualified persons

total $0 · program services $0 · management and general $0 · fundraising $0
7 · Other salaries and wages

total $0 · program services $0 · management and general $0 · fundraising $0
8 · Pension plan contributions

total $0 · program services $0 · management and general $0 · fundraising $0
9 · Other employee benefits

total $0 · program services $0 · management and general $0 · fundraising $0
10 · Payroll taxes

total $0 · program services $0 · management and general $0 · fundraising $0
11a · Fees: management

total $0 · program services $0 · management and general $0 · fundraising $0
11b · Fees: legal

total $0 · program services $0 · management and general $0 · fundraising $0
11c · Fees: accounting

total $0 · program services $0 · management and general $0 · fundraising $0
11d · Fees: lobbying

total $0 · program services $0 · management and general $0 · fundraising $0
11e · Fees: professional fundraising services

total $0 · fundraising $0
11f · Fees: investment management

total $0 · program services $0 · management and general $0 · fundraising $0
11g · Fees: other

total $0 · program services $0 · management and general $0 · fundraising $0
12 · Advertising and promotion

total $0 · program services $0 · management and general $0 · fundraising $0
13 · Office expenses

total $0 · program services $0 · management and general $0 · fundraising $0
14 · Information technology

total $0 · program services $0 · management and general $0 · fundraising $0
15 · Royalties

total $0 · program services $0 · management and general $0 · fundraising $0
16 · Occupancy

total $0 · program services $0 · management and general $0 · fundraising $0
17 · Travel

total $0 · program services $0 · management and general $0 · fundraising $0
18 · Travel or entertainment for public officials

total $0 · program services $0 · management and general $0 · fundraising $0
19 · Conferences, conventions and meetings

total $0 · program services $0 · management and general $0 · fundraising $0
20 · Interest

total $1,736,558 · program services $1,736,558 · management and general $0 · fundraising $0
21 · Payments to affiliates

total $0 · program services $0 · management and general $0 · fundraising $0
22 · Depreciation, depletion and amortization

total $1,062,866 · program services $1,062,866 · management and general $0 · fundraising $0
23 · Insurance

total $0 · program services $0 · management and general $0 · fundraising $0
24e · All other expenses

total $0 · program services $0 · management and general $0 · fundraising $0

Balance sheet

Part X, book values.

1 · Cash, non-interest-bearing

beginning of year $0 · end of year $0
2 · Savings and temporary cash investments

beginning of year $0 · end of year $0
3 · Pledges and grants receivable

beginning of year $0 · end of year $0
4 · Accounts receivable

beginning of year $0 · end of year $0
5 · Loans and receivables from officers and key people

beginning of year $0 · end of year $0
6 · Loans and receivables from disqualified persons

beginning of year $0 · end of year $0
7 · Other notes and loans receivable

beginning of year $0 · end of year $0
8 · Inventories for sale or use

beginning of year $0 · end of year $0
9 · Prepaid expenses and deferred charges

beginning of year $0 · end of year $0
10a · Land, buildings and equipment: cost or other basis

$28,983,695
10b · Land, buildings and equipment: accumulated depreciation

$4,063,076
10c · Land, buildings and equipment, net

beginning of year $26,082,799 · end of year $24,920,619
12 · Investments: other securities

beginning of year $0
13 · Investments: program-related

beginning of year $0
14 · Intangible assets

beginning of year $0 · end of year $0
15 · Other assets

beginning of year $2,869,274 · end of year $2,895,787
17 · Accounts payable and accrued expenses

beginning of year $0 · end of year $0
18 · Grants payable

beginning of year $0 · end of year $0
19 · Deferred revenue

beginning of year $0 · end of year $0
20 · Tax-exempt bond liabilities

beginning of year $0 · end of year $0
21 · Escrow or custodial account liability

beginning of year $0 · end of year $0
22 · Loans and payables to officers and key people

beginning of year $0 · end of year $0
23 · Secured mortgages and notes payable

beginning of year $38,722,165 · end of year $37,892,851
24 · Unsecured notes and loans payable

beginning of year $0 · end of year $0
25 · Other liabilities

beginning of year $144,967 · end of year $141,925
27 · Net assets without donor restrictions

beginning of year -$9,915,059 · end of year -$10,218,370
28 · Net assets with donor restrictions

beginning of year $0 · end of year $0

Mission and programs · 2023

Mission

THE MISSION OF THE ORGANIZATION IS TO CONSTRUCT A PARKING GARAGE FOR USE BY DENVER HEALTH AND HOSPITAL AUTHORITY AT 550 ACOMA ST. IN DENVER, COLORADO.

Activities or mission (Part I)

550 ACOMA INC. WAS CREATED BY ITS SOLE MEMBER, DENVER HEALTH AND HOSPITAL AUTHORITY, TO ASSIST WITH FINANCING THE CONSTRUCTION OF A NEW PARKING GARAGE.

THE ORGANIZATION'S OBJECTIVES ARE TO CONSTRUCT AND FUND A NEW PARKING GARAGE FOR USE BY DENVER HEALTH AND HOSPITAL AUTHORITY AT 550 ACOMA ST. IN DENVER, COLORADO.

Expenses $2,799,424

As filed on the 2023 return.

Listed in Part VII

Ansar HassanANSAR HASSAN

PRESIDENT

Total calculated

$300,095

From this org

$0

From related orgs

$246,134

Other

$53,961

Hours/week

2 + 40 related

Schedule J breakdown matched by us

Base

$0 + $245,932 related

Bonus

$0

Other

$0 + $202 related

Deferred

$0 + $38,461 related

Nontaxable benefits

$0 + $15,500 related

Filer's total

$0 + $300,095 related
Enid A WadeENID A WADE

SECRETARY

Total calculated

$477,128

From this org

$0

From related orgs

$415,618

Other

$61,510

Hours/week

2 + 40 related

Schedule J breakdown matched by us

Base

$0 + $413,616 related

Bonus

$0

Other

$0 + $2,002 related

Deferred

$0 + $41,674 related

Nontaxable benefits

$0 + $19,836 related

Filer's total

$0 + $477,128 related
Faraz KhanFARAZ KHAN

PRESIDENT - THROUGH 5/2023

Total calculated

$332,877

From this org

$0

From related orgs

$284,558

Other

$48,319

Hours/week

2 + 40 related

Schedule J breakdown matched by us

Base

$0 + $281,816 related

Bonus

$0

Other

$0 + $2,742 related

Deferred

$0 + $43,005 related

Nontaxable benefits

$0 + $5,314 related

Filer's total

$0 + $332,877 related
Matt WatfordMATT WATFORD

TREASURER

Total calculated

$186,151

From this org

$0

From related orgs

$144,900

Other

$41,251

Hours/week

1 + 40 related

Schedule J breakdown matched by us

Base

$0 + $143,977 related

Bonus

$0

Other

$0 + $924 related

Deferred

$0 + $15,016 related

Nontaxable benefits

$0 + $26,235 related

Filer's total

$0 + $186,151 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

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

The filer's explanations (Part III)

Schedule J, Part I, Line 3 COMPENSATION: COMPENSATION IS DETERMINED AND PAID BY A RELATED PARTY, DENVER HEALTH AND HOSPITAL AUTHORITY. PLEASE SEE SCHEDULE O, PART VI, LINE 15A AND 15B NARRATIVE FOR THE PROCESS FOR ESTABLISHING COMPENSATION FOR EXECUTIVES.

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.

DENVER HEALTH & HOSPITAL AUTHORITY

501(c)(1) · HOSPITAL · CO

Directly controlled by NA
ROCKY MOUNTAIN DRUG SAFETY

501(c)(3) · DATA ANALYSIS · CO

Directly controlled by DHHA
CANADIAN CONSUMER PRODUCT AND PHARMACEUT

PHARMACY OPS · CA

Directly controlled by RMDS
DHHA OMC QALICB INC

501(c)(3) · EQUIP. LEASE · CO

Directly controlled by NA
DENVER COMMUNITY HEALTH SERVICES

501(c)(3) · MANAGEMENT · CO

Directly controlled by NA

Provenance

Return type: form_990
Tax year: 2023
Filed: 29 October 2024
IRS schema version: 2023v5.1
Source object: 202403039349300945

Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.

The source document this was parsed from is served over the API, which is where bulk and document access live.