Skip to content
Nonprofiteer
← COLORADO AFFORDABLE CATHOLIC HOUSING CORP

Form 990 for tax year 2022

Filed by COLORADO AFFORDABLE CATHOLIC HOUSING CORP.

Totals

Total revenue
$585,133
Total expenses
$502,109
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$514,735
Investment income
$70,398
Other revenue
$0
Total assets, end of year
$19,277,681
Total liabilities, end of year
$11,082,940
Net assets or fund balances, end of year
$8,194,741
Program services expenses (Part IX)
$471,839
Management and general expenses
$30,270
Fundraising expenses
$0
Program service expenses (Part III)
$471,839

Program services were 94.0% 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.

  • 2a · Program service revenue: PROGRAM RELATED INTEREST

    total $464,735 · related or exempt $464,735

  • 2b · Program service revenue: MANAGEMENT FEES

    total $50,000 · related or exempt $50,000

  • 3 · Investment income

    total $78,423 · excluded $78,423

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

    securities $8,025

  • 7c · Gain or loss

    securities -$8,025

  • 7d · Net gain or loss

    total -$8,025 · excluded -$8,025

Functional expenses

Part IX, the statement of functional expenses.

  • 11a · Fees: management

    total $3,600 · management and general $3,600

  • 11f · Fees: investment management

    total $13,460 · management and general $13,460

  • 11g · Fees: other

    total $13,200 · management and general $13,200

  • 20 · Interest

    total $471,839 · program services $471,839

  • 24a · Other expenses: MISC TAXES, LIC & PERMITS

    total $10 · management and general $10

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $401,946 · end of year $486,369

  • 2 · Savings and temporary cash investments

    beginning of year $4,025,641 · end of year $3,288,853

  • 7 · Other notes and loans receivable

    beginning of year $11,298,705 · end of year $11,066,940

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

    $745,000

  • 10c · Land, buildings and equipment, net

    end of year $745,000

  • 12 · Investments: other securities

    beginning of year $4,242,309 · end of year $3,690,519

  • 17 · Accounts payable and accrued expenses

    beginning of year $12,664 · end of year $16,000

  • 20 · Tax-exempt bond liabilities

    beginning of year $11,298,704 · end of year $11,066,940

  • 27 · Net assets without donor restrictions

    beginning of year $3,093,799 · end of year $3,936,321

  • 28 · Net assets with donor restrictions

    beginning of year $5,563,434 · end of year $4,258,420

Mission and programs · 2022

Mission

FINANCING, ACQUISITION AND BUILDING OF AFFORDABLE HOUSING.

  • FINANCING, ACQUISITION AND BUILDING OF AFFORDABLE HOUSING: 55 UNITS IN GLENWOOD SPRINGS, CO; 60 UNITS IN SILVERTHORNE, CO; 61 UNITS IN CARBONDALE, CO; 61 UNITS IN GYPSUM, CO; 100 UNITS IN COLORADO SPRINGS, CO; AND 103 UNITS IN DENVER, CO.

    Expenses $471,839 · Revenue $514,735

As filed on the 2022 return.

Listed in Part VII

  • Justin Raddatz

    VP OF DEVELO

    Total calculated
    $201,898
    From this org
    $0
    From related orgs
    $161,899
    Other
    $39,999
    Hours/week
    1 + 40 related

    Schedule J breakdown matched by us

    Base
    not reported + $136,899 related
    Bonus
    not reported + $25,000 related
    Other
    not reported
    Deferred
    not reported + $10,209 related
    Nontaxable benefits
    not reported + $29,790 related
    Filer's total
    not reported + $201,898 related

  • Philip Vottiero

    CFO

    Total calculated
    $173,843
    From this org
    $0
    From related orgs
    $154,011
    Other
    $19,832
    Hours/week
    1 + 40 related

    Schedule J breakdown matched by us

    Base
    not reported + $154,011 related
    Bonus
    not reported
    Other
    not reported
    Deferred
    not reported + $4,193 related
    Nontaxable benefits
    not reported + $15,639 related
    Filer's total
    not reported + $173,843 related

  • Maria Rightmyer

    VP OF HOUSIN

    Total calculated
    $122,744
    From this org
    $0
    From related orgs
    $115,423
    Other
    $7,321
    Hours/week
    1 + 40 related

  • Jeff Boyd

    ED OF HMS TH

    Total calculated
    $120,048
    From this org
    $0
    From related orgs
    $81,452
    Other
    $38,596
    Hours/week
    1 + 40 related

  • Melissa Bleser

    CHAIR

    Total calculated
    $0
    Hours/week
    1

  • Bob Gross

    SECRETARY

    Total calculated
    $0
    Hours/week
    1

  • Bob Munroe

    TREASURER FR

    Total calculated
    $0
    Hours/week
    1

  • Dominic Palazzo

    TREASURER TO

    Total calculated
    $0
    Hours/week
    1

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.

  • 2800 MIDLAND LLC

    AFFORDABLE · CO · assets $760,000

    Directly controlled by CACHC

Provenance

Return type
form_990
Tax year
2022
Filed
19 April 2023
IRS schema version
2022v5.0
Source object
202311099349301851

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.