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← HOUSING SOLUTIONS FOR THE SOUTHWEST INC

Form 990 for tax year 2023

Filed by HOUSING SOLUTIONS FOR THE SOUTHWEST INC.

What the amendment changed

Compared with the return it replaced , filed 14 November 2024. matched by us Only the Part I totals and the names listed in Part VII are compared. We relate returns by organization, tax year and form, and order them by each return's own timestamp; the filer's own "amended return" checkbox is a separate fact.

Total revenue
$2,230,105 changed to $2,732,646
Contributions and grants received
$1,478,224 changed to $1,980,765
Total assets, end of year
$9,560,404 changed to $9,692,404
Total liabilities, end of year
$801,364 changed to $430,823
Net assets or fund balances, end of year
$8,759,040 changed to $9,261,581

Listed only on the earlier return

  • SUSAN BANES

Totals

Total revenue
$2,732,646
Total expenses
$2,294,721
Contributions and grants received
$1,980,765
Grants paid
$230,081
Program service revenue
$726,130
Investment income
$10,690
Other revenue
$15,061
Total assets, end of year
$9,692,404
Total liabilities, end of year
$430,823
Net assets or fund balances, end of year
$9,261,581
Program services expenses (Part IX)
$2,022,584
Management and general expenses
$269,166
Fundraising expenses
$2,971
Program service expenses (Part III)
$2,022,584

Program services were 88.1% 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)

    $1,725,704

  • 1f · All other contributions, gifts and grants

    $255,061

  • 2a · Program service revenue: PROGRAM SERVICE FEES

    total $588,968 · related or exempt $588,968

  • 2b · Program service revenue: LOW INCOME HSG INTEREST

    total $78,179 · related or exempt $78,179

  • 2c · Program service revenue: LOW INCOME HOUSING RENT

    total $58,983 · related or exempt $58,983

  • 3 · Investment income

    total $10,690 · excluded $10,690

  • 11a · Other revenue: MISCELLANEOUS INCOME

    total $15,061 · related or exempt $15,061

  • 11e · Other revenue, total

    $15,061

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $48,423 · program services $48,423

  • 2 · Grants to domestic individuals

    total $181,658 · program services $181,658

  • 5 · Compensation of officers, directors and key employees

    total $138,939 · program services $122,544 · management and general $16,218 · fundraising $177

  • 7 · Other salaries and wages

    total $983,395 · program services $867,354 · management and general $114,788 · fundraising $1,253

  • 8 · Pension plan contributions

    total $23,927 · program services $21,104 · management and general $2,793 · fundraising $30

  • 9 · Other employee benefits

    total $97,182 · program services $85,714 · management and general $11,344 · fundraising $124

  • 10 · Payroll taxes

    total $91,780 · program services $80,950 · management and general $10,713 · fundraising $117

  • 11g · Fees: other

    total $207,573 · program services $168,226 · management and general $38,608 · fundraising $739

  • 12 · Advertising and promotion

    total $3,982 · program services $3,982

  • 13 · Office expenses

    total $32,439 · program services $20,626 · management and general $11,556 · fundraising $257

  • 14 · Information technology

    total $17,655 · program services $7,354 · management and general $10,300 · fundraising $1

  • 16 · Occupancy

    total $24,733 · program services $17,703 · management and general $7,030

  • 17 · Travel

    total $17,701 · program services $16,414 · management and general $1,187 · fundraising $100

  • 20 · Interest

    total $9,352 · management and general $9,352

  • 22 · Depreciation, depletion and amortization

    total $43,006 · program services $40,976 · management and general $2,030

  • 23 · Insurance

    total $24,389 · program services $16,756 · management and general $7,632 · fundraising $1

  • 24a · Other expenses: BAD DEBT

    total $184,606 · program services $184,606

  • 24b · Other expenses: OTHER

    total $71,667 · program services $64,037 · management and general $7,458 · fundraising $172

  • 24c · Other expenses: CONSTRUCTION MATERIALS

    total $58,359 · program services $58,359

  • 24d · Other expenses: REPAIRS & MAINT

    total $23,381 · program services $6,580 · management and general $16,801

  • 24e · All other expenses

    total $10,574 · program services $9,218 · management and general $1,356

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $580,270 · end of year $159,116

  • 2 · Savings and temporary cash investments

    beginning of year $1,296,358 · end of year $1,056,866

  • 3 · Pledges and grants receivable

    beginning of year $347,811 · end of year $497,882

  • 4 · Accounts receivable

    beginning of year $269,206 · end of year $280,789

  • 7 · Other notes and loans receivable

    beginning of year $3,043,224 · end of year $2,859,346

  • 8 · Inventories for sale or use

    beginning of year $6,413

  • 9 · Prepaid expenses and deferred charges

    beginning of year $17,344 · end of year $22,501

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

    $1,285,723

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

    $737,896

  • 10c · Land, buildings and equipment, net

    beginning of year $600,431 · end of year $547,827

  • 12 · Investments: other securities

    end of year $967,948

  • 13 · Investments: program-related

    beginning of year $2,036,990 · end of year $1,965,773

  • 15 · Other assets

    beginning of year $1,166,770 · end of year $1,334,356

  • 17 · Accounts payable and accrued expenses

    beginning of year $213,321 · end of year $187,138

  • 19 · Deferred revenue

    beginning of year $13,046

  • 24 · Unsecured notes and loans payable

    beginning of year $188,577 · end of year $183,186

  • 25 · Other liabilities

    end of year $60,499

  • 27 · Net assets without donor restrictions

    beginning of year $6,998,064 · end of year $7,030,785

  • 28 · Net assets with donor restrictions

    beginning of year $1,951,809 · end of year $2,230,796

Mission and programs · 2023

Mission

THE MISSION OF HOUSING SOLUTIONS FOR THE SOUTHWEST IS TO LEAD THE WAY PROVIDING HELP, HOPE, AND A SEAMLESS SYSTEM OF AFFORDABLE HOUSING SERVICES TO OUR COMMUNITIES IN SOUTHWEST COLORADO.

  • HOUSING DEVELOPMENT: HOUSING SOLUTIONS FOR THE SOUTHWEST IS COMMITTED TO DEVELOPING AFFORDABLE HOUSING THROUGH TAX CREDIT PROJECTS AND PARTNERSHIPS WITH FOUNDATIONS, LOCAL AND STATE GOVERNMENT AND OTHER PRIVATE AND PUBLIC ENTITIES. HSSW OWNS AND MANAGES AFFORDABLE HOUSING COMMUNITIES IN SOUTHWEST COLORADO, INCLUDING SOUTHWEST HORIZON RANCH (61 SINGLE FAMILY HOMES), SOCORRO SENIOR LIVING CENTER (19 APARTMENTS), HOMEWARD BOUND (5 APARTMENTS), AND ESPERO PERMANENT SUPPORTED HOUSING (40 APARTMENTS).

    Expenses $495,993 · Revenue $58,983

  • 2)HOME REHAB & REVOLVING LOAN FUND: THE HOMEOWNER REHABILITATION PROGRAM PROVIDES LOW TO NO-INTEREST LOANS TO LOW-INCOME HOMEOWNERS TO MAKE HEALTH AND SAFETY REPAIRS TO THEIR HOMES RESULTING IN PRESERVATION OF AFFORDABLE HOUSING, SUCH AS ROOF REPLACEMENT, WINDOW REPLACEMENT, FLOORING REPAIR/REPLACEMENT, BATHROOM REPAIR, SEPTIC REPLACEMENT, AND SEWER REPAIRS, E.G. THE PROGRAM SERVES HOMEOWNERS LOCATED IN ARCHULETA, DOLORES, LA PLATA, MONTEZUMA AND SAN JUAN COUNTIES IN THE SOUTHWEST REGION OF COLORADO.

    Expenses $359,359 · Grants $4,416 · Revenue $78,179

  • HOUSING COUNSELING: HOUSING SOLUTIONS FOR THE SOUTHWEST PROVIDES COMPREHENSIVE HOUSING COUNSELING, REVERSE MORTGAGE COUNSELING, EMERGENCY ASSISTANCE, HOUSING NAVIGATION, BUDGET AND FINANCIAL LITERACY AND EDUCATION AS PART OF ITS HOUSING COUNSELING PROGRAM. COUNSELING SERVICES HELP IDENTIFY ISSUES AND SOLUTIONS, AND EDUCATE INDIVIDUALS AND FAMILIES ABOUT AFFORDABLE HOUSING OPTIONS IN OUR COMMUNITIES.

    Expenses $330,548 · Grants $132,464

  • RENTAL ASSISTANCE & TENANT SUPPORT 305,353 COVID 19 EMERGENCY ASST 37,239 HOME & HEATING REPAIR 99,852 HOUSING VOUCHER MANAGEMENT 146,529 ESPERO PSH 247,711

    Expenses $836,684 · Grants $93,201 · Revenue $588,968

As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • RJ RIEGER

    CHAIR

    Total calculated
    $0
    Hours/week
    1

  • SHELLEY LOW

    VICE CHAIR

    Total calculated
    $0
    Hours/week
    1

  • JIM BOLEN

    PAST CHAIR/S

    Total calculated
    $0
    Hours/week
    1

  • SCOTT FETCHENHIER

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • STEVE GARCHAR

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • BETH KREMER

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • KENT LINDSAY

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • JADDIS MARTIN

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • MARIANNE MATE

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • LUCY MULVIHILL

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • TODD PARISI

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • MATT SALKA

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • ALISA SCHULTZ

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • JESSICA THURMAN

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • ELIZABETH SALKIND

    EXECUTIVE DI

    Total calculated
    $138,939
    From this org
    $134,173
    From related orgs
    $0
    Other
    $4,766
    Hours/week
    40

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.

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 partnerships

Part III: related organizations taxable as a partnership, with the filer's share.

  • SOUTHWEST HORIZON RANCH LLLP

    RENTAL RE · CO · 99.99% owned · share of income $822,410 · share of assets $4,322,147 · general or managing partner

  • ESPERO GP LLC

    RENTALS · CO

Provenance

Return type
form_990
Tax year
2023
Filed
14 January 2026
IRS schema version
2023v6.0
Source object
202630699349301328

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