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Nonprofiteer
← DEL NORTE NEIGHBORHOOD DEVELOPMENT CORPORATION

Form 990 for tax year 2023

Filed by DEL NORTE NEIGHBORHOOD DEVELOPMENT CORPORATION.

Totals

Total revenue
$4,337,515
Total expenses
$4,125,295
Contributions and grants received
$662,934
Grants paid
$0
Program service revenue
$2,054,295
Investment income
$1,620,286
Other revenue
$0
Total assets, end of year
$30,481,983
Total liabilities, end of year
$10,768,482
Net assets or fund balances, end of year
$19,713,501
Program services expenses (Part IX)
$2,763,534
Management and general expenses
$1,361,761
Fundraising expenses
$0
Program service expenses (Part III)
$2,763,534

Program services were 67.0% 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.

  • 1e · Government grants (contributions)

    $384,451

  • 1f · All other contributions, gifts and grants

    $278,483

  • 2a · Program service revenue: RENTAL INCOME

    total $1,943,951 · related or exempt $1,851,879 · unrelated business $92,072

  • 2b · Program service revenue: MISCELLANEOUS INCOME AND FEES

    total $59,983 · related or exempt $59,983

  • 2c · Program service revenue: MANAGEMENT INCOME

    total $50,361 · related or exempt $50,361

  • 3 · Investment income

    total $1,203,136 · excluded $1,203,136

  • 7a · Gross sales of assets other than inventory

    other assets $606,905

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

    other assets $189,755

  • 7c · Gain or loss

    other assets $417,150

  • 7d · Net gain or loss

    total $417,150 · related or exempt $417,150

Functional expenses

Part IX, the statement of functional expenses.

  • 5 · Compensation of officers, directors and key employees

    total $148,822 · management and general $148,822

  • 7 · Other salaries and wages

    total $611,228 · program services $45,319 · management and general $565,909

  • 8 · Pension plan contributions

    total $16,231 · management and general $16,231

  • 9 · Other employee benefits

    total $106,510 · program services $34 · management and general $106,476

  • 10 · Payroll taxes

    total $73,447 · program services $10,818 · management and general $62,629

  • 11a · Fees: management

    total $20,341 · program services $20,341

  • 11b · Fees: legal

    total $13,329 · program services $3,176 · management and general $10,153

  • 11c · Fees: accounting

    total $62,941 · management and general $62,941

  • 12 · Advertising and promotion

    total $850 · program services $850

  • 20 · Interest

    total $309,826 · program services $309,826

  • 22 · Depreciation, depletion and amortization

    total $359,275 · program services $348,296 · management and general $10,979

  • 23 · Insurance

    total $17,892 · program services $16,848 · management and general $1,044

  • 24a · Other expenses: REPAIRS AND MAINTENANCE

    total $1,070,515 · program services $829,478 · management and general $241,037

  • 24b · Other expenses: GENERAL AND ADMINSTRATI

    total $760,903 · program services $635,712 · management and general $125,191

  • 24c · Other expenses: UTILITIES

    total $340,185 · program services $339,503 · management and general $682

  • 24d · Other expenses: TAXES

    total $161,311 · program services $151,644 · management and general $9,667

  • 24e · All other expenses

    total $51,689 · program services $51,689

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $482,360 · end of year $611,321

  • 2 · Savings and temporary cash investments

    beginning of year $1,230,639 · end of year $1,476,446

  • 4 · Accounts receivable

    beginning of year $2,032,114 · end of year $1,251,572

  • 7 · Other notes and loans receivable

    beginning of year $10,160,613 · end of year $9,786,054

  • 8 · Inventories for sale or use

    beginning of year $114,632 · end of year $118,593

  • 9 · Prepaid expenses and deferred charges

    beginning of year $72,352 · end of year $82,581

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

    $13,380,227

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

    $4,820,873

  • 10c · Land, buildings and equipment, net

    beginning of year $9,024,047 · end of year $8,559,354

  • 15 · Other assets

    beginning of year $10,094,731 · end of year $8,596,062

  • 17 · Accounts payable and accrued expenses

    beginning of year $561,587 · end of year $612,412

  • 23 · Secured mortgages and notes payable

    beginning of year $10,772,805 · end of year $9,598,286

  • 25 · Other liabilities

    beginning of year $91,061 · end of year $557,784

  • 27 · Net assets without donor restrictions

    beginning of year $21,539,123 · end of year $19,466,589

  • 28 · Net assets with donor restrictions

    beginning of year $246,912 · end of year $246,912

Mission and programs · 2023

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 $2,761,552 · Revenue $2,098,390

  • 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 $1,982 · Revenue $280,983

As filed on the 2023 return.

Listed in Part VII

  • Deborah Ortega

    PRESIDENT

    Total calculated
    $0
    Hours/week
    1

  • Dolores Moreno

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Federico Alvarez

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Jude Del Hierro

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Joanna Martinez

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Timothy Sandos

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Tammie Carrol

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Joe Lasser

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Heidi Peterson

    EXECUTIVE DIRECTOR

    Total calculated
    $165,897
    From this org
    $148,822
    From related orgs
    $0
    Other
    $17,075
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $148,822
    Bonus
    $0
    Other
    $0
    Deferred
    $14,687
    Nontaxable benefits
    $2,388
    Filer's total
    $165,897

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.

  • COLORADO COMMUNITY DEVELOPMENT LAND BANK

    HOLD LAND · CO · income -$3,421 · assets $392,588

    Directly controlled by DEL NORTE NEIGHBORHOOD DEVELOPMENT CORPORATION

  • DEL NORTE AVONDALE LLC

    HOUSING · CO · income -$39 · assets -$281

    Directly controlled by DEL NORTE NEIGHBORHOOD DEVELOPMENT CORPORATION

  • DEL NORTE'S CHESNEY KLEINJOHN LLC

    HOUSING · CO · income $60,445 · assets $587,630

    Directly controlled by DEL NORTE NEIGHBORHOOD DEVELOPMENT CORPORATION

  • AVONDALE COMMERCIAL LLC

    COMMERCIAL RENTAL · CO · income -$54,891 · assets $949,769

    Directly controlled by DEL NORTE NEIGHBORHOOD DEVELOPMENT CORPORATION

  • ROMEO'S PLACE LTD

    HOUSING · CO · income -$80,201 · assets $189,109

    Directly controlled by DEL NORTE NEIGHBORHOOD DEVELOPMENT CORPORATION

  • EMERSON FLATS GP LLC

    HOUSING · CO · income -$16 · assets $33

    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 · share of income -$747

  • HOUSING IS VITAL LP

    RELATED · HOUSING · CO · 99.99% owned · share of income -$105,572 · share of assets $1,092,189

  • JUAN DIEGO PARTNERSHIP LLLP

    HOUSING · CO · share of income -$55,868 · share of assets $2,114,189

  • 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 $59,965

    Directly controlled by DEL NORTE NEIGHBORHOOD DEVELOPMENT CORPORATION

  • DEL NORTE BROADWAY TERRACE CORPORATION

    C · HOUSING · CO · 100% owned · share of income $144,148

    Directly controlled by DEL NORTE NEIGHBORHOOD DEVELOPMENT CORPORATION

  • DEL NORTE HOUSING DEVELOPMENT LLC

    C · HOUSING · CO · 100% owned · share of income -$635,754

    Directly controlled by DEL NORTE NEIGHBORHOOD DEVELOPMENT CORPORATION

  • VETERANS HOUSING LLC

    C · HOUSING · CO · 100% owned · share of assets -$144

    Directly controlled by DEL NORTE NEIGHBORHOOD DEVELOPMENT CORPORATION

Provenance

Return type
form_990
Tax year
2023
Filed
15 November 2024
IRS schema version
2023v5.1
Source object
202423209349311787

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