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Nonprofiteer
← DENVER COMMUNITY VENTURES

Form 990 for tax year 2023

Filed by DENVER COMMUNITY VENTURES.

Totals

Total revenue
$394,580
Total expenses
$428,122
Contributions and grants received
$303,200
Grants paid
$0
Program service revenue
$91,380
Investment income
$0
Other revenue
$0
Total assets, end of year
$935,210
Total liabilities, end of year
$162,692
Net assets or fund balances, end of year
$772,518
Program services expenses (Part IX)
$133,377
Management and general expenses
$294,745
Fundraising expenses
$0
Program service expenses (Part III)
$133,377

Program services were 31.2% 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)

    $10,000

  • 1f · All other contributions, gifts and grants

    $293,200

  • 2a · Program service revenue: HOME OWNERSHIP CLASSES

    total $91,380 · related or exempt $91,380

Functional expenses

Part IX, the statement of functional expenses.

  • 7 · Other salaries and wages

    total $196,210 · management and general $196,210

  • 11a · Fees: management

    total $18,267 · management and general $18,267

  • 11c · Fees: accounting

    total $12,775 · management and general $12,775

  • 11f · Fees: investment management

    total $358 · management and general $358

  • 13 · Office expenses

    total $15,768 · program services $3,983 · management and general $11,785

  • 17 · Travel

    total $164 · management and general $164

  • 19 · Conferences, conventions and meetings

    total $2,530 · program services $962 · management and general $1,568

  • 23 · Insurance

    total $2,183 · management and general $2,183

  • 24a · Other expenses: HOLIDAY TOY DRIVE

    total $126,532 · program services $126,532

  • 24b · Other expenses: ADMIN-EXPENDABLE EQUIPM

    total $36,535 · management and general $36,535

  • 24c · Other expenses: SOFTWARE MAINTENANCE

    total $3,156 · management and general $3,156

  • 24d · Other expenses: YOUTH INCENTIVES

    total $2,500 · management and general $2,500

  • 24e · All other expenses

    total $11,144 · program services $1,900 · management and general $9,244

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $773,600 · end of year $897,402

  • 2 · Savings and temporary cash investments

    beginning of year $22,161 · end of year $3,113

  • 4 · Accounts receivable

    beginning of year $39,457 · end of year $34,620

  • 9 · Prepaid expenses and deferred charges

    beginning of year $75 · end of year $75

  • 17 · Accounts payable and accrued expenses

    beginning of year $28,643 · end of year $162,692

  • 27 · Net assets without donor restrictions

    beginning of year $776,507 · end of year $748,988

  • 28 · Net assets with donor restrictions

    beginning of year $30,143 · end of year $23,530

Mission and programs · 2023

Mission

THE MISSION OF DENVER COMMUNITY VENTURES IS TO PROMOTE SELF-SUFFICIENCY AND INDEPENDENT LIVING FOR LOW AND MODERATE INCOME FAMILIES AND INDIVIDUALS.

Activities or mission (Part I)

PROMOTE SELF-SUFFICIENCY AND INDEPENDENCE FOR LOW AND MODERATE INCOME FAMILIES AND INDIVIDUALS.

  • DENVER COMMUNITY VENTURES PROVIDES ESSENTIAL FUNDING TO DENVER HOUSING AUTHORITY'S (DHA) RESIDENT AND COMMUNITY SERVICES DEPARTMENT (RCS) TO PROMOTE AND DELIVER SERVICES FOR RESIDENTS IN AND AROUND DHA'S AFFORDABLE HOUSING COMMUNITIES. THE ULTIMATE GOAL IS TO MOVE RESIDENTS TO SELF-SUFFICIENCY BY LINKING THEM TO SUPPORTIVE SERVICES AND RESOURCES THAT BUILD SKILLS AND SELF-ESTEEM, IN ORDER TO ENHANCE THEIR QUALITY OF LIFE. THIS SUPPLEMENTAL FUNDING HELPS DHA SUSTAIN CURRENT PROGRAMS AND LEVELS OF SERVICE AND BRIDGES GAPS WHEN FEDERAL FUNDING IS REDUCED OR DOES NOT MEET CRITICAL NEEDS. CONTINUED ON SCHEDULE O:THE PRIMARY FOCUS AREAS FOR RESIDENT PROGRAMMING, IN 2023 INCLUDED: (1) OFFERING ECONOMIC SELF-SUFFICIENCY PROGRAMMING THAT CONNECTED RESIDENTS TO SKILL BUILDING, JOB TRAINING AND CAREER COACHING, FINANCIAL LITERACY EDUCATION, DEBT REDUCTION AND CREDIT BUILDING CASE MANAGEMENT, AND FIRST-TIME HOMEBUYER EDUCATION AND COUNSELING; (2) PROVIDING RESOURCES FOR SENIORS AND DISABLED ADULTS TO AGE-IN-PLACE AND LIVE MORE INDEPENDENTLY; AND (3) BRINGING AFFORDABLE HIGH-SPEED DIGITAL ACCESS, COMPUTERS, AND TRAINING TO ALL RESIDENTS, TO FURTHER PROMOTE RESIDENT SELF-SUFFICIENCY AND ECONOMIC INDEPENDENCE FOR ALL AGE GROUPS.

    Expenses $133,377 · Revenue $91,380

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

Listed in Part VII

  • Guy Morissette

    CHAIR

    Total calculated
    $0
    Hours/week
    0.25
  • Annie Hancock - Dha

    SECRETARY

    Total calculated
    $155,385
    From this org
    $0
    From related orgs
    $155,385
    Other
    $0
    Hours/week
    2 + 38 related

    Schedule J breakdown matched by us

    Base
    $0 + $155,385 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $0
    Filer's total
    $0 + $155,385 related
  • Ben Williams

    TREASURER (TERM END 11/23)

    Total calculated
    $0
    Hours/week
    0.25
  • David Nisivoccia - Dha

    MEMBER (TERM END 8/23)

    Total calculated
    $296,459
    From this org
    $0
    From related orgs
    $280,844
    Other
    $15,615
    Hours/week
    0.25 + 39.75 related

    Schedule J breakdown matched by us

    Base
    $0 + $275,644 related
    Bonus
    $0
    Other
    $0 + $5,200 related
    Deferred
    $0
    Nontaxable benefits
    $0 + $15,615 related
    Filer's total
    $0 + $296,459 related
  • Michael Petrak

    MEMBER

    Total calculated
    $0
    Hours/week
    0.25
  • Marian Lawrence

    MEMBER (TERM END 4/23)

    Total calculated
    $0
    Hours/week
    0.25
  • Milford Adams

    MEMBER (TERM END 4/23)

    Total calculated
    $0
    Hours/week
    0.25
  • Dan Villanueva

    MEMBER (TERM END 4/23)

    Total calculated
    $0
    Hours/week
    0.25
  • Anton Bengston

    MEMBER

    Total calculated
    $0
    Hours/week
    0.25
  • Charles Gilford III

    MEMBER

    Total calculated
    $0
    Hours/week
    0.25
  • Lauren Money

    MEMBER

    Total calculated
    $0
    Hours/week
    0.25
  • Emily Dixon

    MEMBER (TERM BEGIN 6/23)

    Total calculated
    $0
    Hours/week
    0.25
  • Dallas Gray

    MEMBER (TERM BEGIN 6/23)

    Total calculated
    $0
    Hours/week
    0.25
  • Antony Frank

    MEMBER (TERM BEGIN 6/23)

    Total calculated
    $0
    Hours/week
    0.25
  • Christine Burbidge

    MEMBER (TERM BEGIN 6/23)

    Total calculated
    $0
    Hours/week
    0.25
  • Connie Cox

    MEMBER (TERM BEGIN 6/23)

    Total calculated
    $0
    Hours/week
    0.25
  • Joshua Crawley - Dha

    MEMBER (TERM BEGIN 8/23)

    Total calculated
    $281,706
    From this org
    $0
    From related orgs
    $255,813
    Other
    $25,893
    Hours/week
    0.25 + 39.75 related

    Schedule J breakdown matched by us

    Base
    $0 + $255,813 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $0 + $25,893 related
    Filer's total
    $0 + $281,706 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.

  • DENVER HOUSING AUTHORITY

    GOVERNMENT · LOW INCOME HOUSING · CO

Provenance

Return type
form_990
Tax year
2023
Filed
27 July 2024
IRS schema version
2023v5.1
Source object
202442259349302419

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