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Nonprofiteer
← ARCHWAY INVESTMENT CORPORATION INC

Form 990 for tax year 2024

Filed by ARCHWAY INVESTMENT CORPORATION INC.

Totals

Total revenue
$10,132,472
Total expenses
$5,805,008
Contributions and grants received
$5,465,832
Grants paid
$0
Program service revenue
$4,466,644
Investment income
$0
Other revenue
$199,996
Total assets, end of year
$33,832,317
Total liabilities, end of year
$5,333,861
Net assets or fund balances, end of year
$28,498,456
Program services expenses (Part IX)
$5,805,008
Management and general expenses
$0
Fundraising expenses
$0
Program service expenses (Part III)
$5,805,008

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.

  • 1e · Government grants (contributions)

    $5,465,832

  • 2a · Program service revenue: DEVELOPER FEES

    total $3,956,842 · related or exempt $3,956,842

  • 2b · Program service revenue: INTEREST ON LOANS

    total $455,212 · related or exempt $455,212

  • 2c · Program service revenue: MANAGEMENT FEES

    total $54,590 · related or exempt $54,590

  • 11a · Other revenue: PARTNERSHIP GAIN

    total $199,996 · related or exempt $199,996

  • 11e · Other revenue, total

    $199,996

Functional expenses

Part IX, the statement of functional expenses.

  • 5 · Compensation of officers, directors and key employees

    total $576,143 · program services $576,143

  • 8 · Pension plan contributions

    total $20,987 · program services $20,987

  • 10 · Payroll taxes

    total $60,782 · program services $60,782

  • 11a · Fees: management

    total $127,860 · program services $127,860

  • 11c · Fees: accounting

    total $56,700 · program services $56,700

  • 11g · Fees: other

    total $72,435 · program services $72,435

  • 12 · Advertising and promotion

    total $1,194 · program services $1,194

  • 20 · Interest

    total $38,031 · program services $38,031

  • 22 · Depreciation, depletion and amortization

    total $27,949 · program services $27,949

  • 23 · Insurance

    total $12,082 · program services $12,082

  • 24a · Other expenses: BAD DEBT EXPENSE

    total $4,808,757 · program services $4,808,757

  • 24b · Other expenses: OPERATING AND MAINTENAN

    total $2,088 · program services $2,088

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $6,376,611 · end of year $2,756,822

  • 4 · Accounts receivable

    beginning of year $11,216,530 · end of year $11,529,818

  • 7 · Other notes and loans receivable

    beginning of year $11,095,262 · end of year $18,933,624

  • 9 · Prepaid expenses and deferred charges

    beginning of year $2,160 · end of year $2,160

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

    $1,290,933

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

    $142,433

  • 10c · Land, buildings and equipment, net

    beginning of year $1,174,493 · end of year $1,148,500

  • 12 · Investments: other securities

    beginning of year -$764,962 · end of year -$538,607

  • 17 · Accounts payable and accrued expenses

    beginning of year $239,936 · end of year $243,720

  • 23 · Secured mortgages and notes payable

    beginning of year $1,298,464 · end of year $2,816,294

  • 25 · Other liabilities

    beginning of year $3,390,702 · end of year $2,273,847

  • 27 · Net assets without donor restrictions

    beginning of year $24,170,992 · end of year $28,498,456

Mission and programs · 2024

Mission

TO DEVELOP AFFORDABLE HOUSING FOR LOW AND MODERATE INCOME FAMILIES AND SENIORS.

  • TO DEVELOP AFFORDABLE HOUSING FOR LOW AND MODERATE INCOME FAMILIES AND SENIORS.

    Expenses $5,805,008 · Revenue $10,132,472

  • N/A

  • N/A

As filed on the 2024 return.

Listed in Part VII

  • Tracy Gargaro

    CHAIR

    Total calculated
    $0
    Hours/week
    2

  • Lee Berg

    VICE CHAIR

    Total calculated
    $0
    Hours/week
    2

  • Zenzi Reeves

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Lia Martinez

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Libby Comeaux

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Allyson Drayton

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Laura Brudzynski

    CHIEF OPERATIONAL OFFICER

    Total calculated
    $233,959
    From this org
    $0
    From related orgs
    $207,727
    Other
    $26,232
    Hours/week
    10 + 30 related

    Schedule J breakdown matched by us

    Base
    $0
    Bonus
    $0 + $207,727 related
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $26,232
    Filer's total
    $26,232 + $207,727 related

  • Arnold S Corradino

    EXECUTIVE DIRECTOR

    Total calculated
    $363,995
    From this org
    $0
    From related orgs
    $313,046
    Other
    $50,949
    Hours/week
    10 + 30 related

    Schedule J breakdown matched by us

    Base
    $0
    Bonus
    $0 + $313,046 related
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $50,949
    Filer's total
    $50,949 + $313,046 related

  • Sarah Blanchard

    SENIOR DEVELOPMENT MANAGEM

    Total calculated
    $187,326
    From this org
    $0
    From related orgs
    $159,451
    Other
    $27,875
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $0
    Bonus
    $0 + $159,451 related
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $27,875
    Filer's total
    $27,875 + $159,451 related

  • Beth Harris-Robinson

    GENERAL COUNSEL

    Total calculated
    $150,192
    From this org
    $0
    From related orgs
    $149,339
    Other
    $853
    Hours/week
    10 + 30 related

    Schedule J breakdown matched by us

    Base
    $0
    Bonus
    $0 + $149,339 related
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $853
    Filer's total
    $853 + $149,339 related

  • Kristen Cooper

    CHIEF FINANICAL OFFICER

    Total calculated
    $168,534
    From this org
    $0
    From related orgs
    $153,548
    Other
    $14,986
    Hours/week
    10 + 30 related

    Schedule J breakdown matched by us

    Base
    $0
    Bonus
    $0 + $153,548 related
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $14,986
    Filer's total
    $14,986 + $153,548 related

  • George Kelly

    CHIEF INVESTMENT OFFICER

    Total calculated
    $206,517
    From this org
    $0
    From related orgs
    $206,478
    Other
    $39
    Hours/week
    10 + 30 related

    Schedule J breakdown matched by us

    Base
    $0
    Bonus
    $0 + $206,478 related
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $39
    Filer's total
    $39 + $206,478 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

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.

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.

  • COLFAX AND GRAY LLC

    RE · CO

  • 16TH AND BEELER LLC

    RE · CO

Related partnerships

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

  • ARCHWAY FOUNTAIN RIDGE SOUTH LLC

    RE · CO · 99.99% owned · share of income -$18,125 · share of assets $7,215,273 · general or managing partner

  • 40 WEST RESIDENCES LLLP

    RE · CO · 0.01% owned · share of income -$52 · share of assets $877,764 · general or managing partner

  • THE FLATS AT TWO CREEKS LLLP

    RE · CO · 0.01% owned · share of income -$53 · share of assets $1,775,438 · general or managing partner

  • ARAPAHOE GREEN LLLP

    RE · CO · 99.99% owned · share of income -$79,806 · share of assets $3,498,025 · general or managing partner

  • 2275 WADSWORTH LIHTC LLLP

    RE · CO · 0.05% owned · share of income -$34 · share of assets $1,702,767 · general or managing partner

  • PARK HILL CAMPUS LIHTC LLLP

    RE · CO · 0.01% owned · share of income -$154 · share of assets $16,441,822 · general or managing partner

  • ARCHWAY MONTVIEW MANOR LLC

    RE · CO · 100% owned · share of income $318,826 · share of assets $12,600,432 · general or managing partner

  • SHERIDAN & WILLOW JV LLC

    RE · CO · 12.01% owned · share of assets $3,595,875 · general or managing partner

Provenance

Return type
form_990
Tax year
2024
Filed
30 May 2025
IRS schema version
2024v5.1
Source object
202511539349300406

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