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Nonprofiteer
← PARADOX COMMUNITY TRUST

Form 990 for tax year 2024

Filed by PARADOX COMMUNITY TRUST.

Totals

Total revenue
$1,001,474
Total expenses
$1,003,280
Contributions and grants received
$5,230,704
Grants paid
$131,248
Program service revenue
$0
Investment income
$166,304
Other revenue
-$4,395,534
Total assets, end of year
$13,949,300
Total liabilities, end of year
$8,916,007
Net assets or fund balances, end of year
$5,033,293
Program services expenses (Part IX)
$855,139
Management and general expenses
$111,906
Fundraising expenses
$36,235
Program service expenses (Part III)
$855,139

Program services were 85.2% 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)

    $2,760,796

  • 1f · All other contributions, gifts and grants

    $2,469,908

  • 3 · Investment income

    total $166,304 · excluded $166,304

  • 10a · Gross sales of inventory

    $8,838,900

  • 10b · Cost of goods sold

    $13,244,892

  • 10c · Net income from sales of inventory

    total -$4,405,992 · related or exempt -$4,405,992

  • 11a · Other revenue: CONSULTING SERVICES

    total $7,159 · related or exempt $7,159

  • 11b · Other revenue: OTHER MISC. INCOME

    total $3,299 · related or exempt $3,299

  • 11e · Other revenue, total

    $10,458

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $101,498 · program services $101,498

  • 2 · Grants to domestic individuals

    total $29,750 · program services $29,750

  • 7 · Other salaries and wages

    total $122,985 · program services $80,881 · management and general $30,119 · fundraising $11,985

  • 10 · Payroll taxes

    total $9,962 · program services $6,551 · management and general $2,440 · fundraising $971

  • 11c · Fees: accounting

    total $18,717 · management and general $18,717

  • 11g · Fees: other

    total $661,998 · program services $587,056 · management and general $56,586 · fundraising $18,356

  • 12 · Advertising and promotion

    total $8,698 · program services $4,349 · fundraising $4,349

  • 13 · Office expenses

    total $2,351 · program services $1,881 · management and general $470

  • 14 · Information technology

    total $6,181 · program services $4,371 · management and general $1,236 · fundraising $574

  • 16 · Occupancy

    total $754 · program services $603 · management and general $151

  • 17 · Travel

    total $16,831 · program services $16,831

  • 23 · Insurance

    total $8,215 · program services $6,572 · management and general $1,643

  • 24a · Other expenses: PROGRAM EXPENSES

    total $12,618 · program services $12,618

  • 24b · Other expenses: LICENSES AND FEES

    total $2,722 · program services $2,178 · management and general $544

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $3,563,076 · end of year $6,186,789

  • 4 · Accounts receivable

    beginning of year $2,037,500 · end of year $343,543

  • 8 · Inventories for sale or use

    beginning of year $5,919,834 · end of year $5,167,961

  • 15 · Other assets

    beginning of year $9,913,786 · end of year $2,251,007

  • 17 · Accounts payable and accrued expenses

    beginning of year $733,050 · end of year $662,375

  • 19 · Deferred revenue

    beginning of year $3,646,831 · end of year $1,885,644

  • 23 · Secured mortgages and notes payable

    beginning of year $9,005,987 · end of year $3,337,879

  • 24 · Unsecured notes and loans payable

    beginning of year $3,000,000 · end of year $3,000,000

  • 25 · Other liabilities

    beginning of year $13,229 · end of year $30,109

  • 27 · Net assets without donor restrictions

    beginning of year $2,997,599 · end of year $1,481,950

  • 28 · Net assets with donor restrictions

    beginning of year $2,037,500 · end of year $3,551,343

Mission and programs · 2024

Mission

TO UNDERTAKE ACTIVITIES LAWFULLY OPEN TO NONPROFIT CORPORATIONS ORGANIZED UNDER THE COLORADO REVISED NONPROFIT CORPORATIONS ACT ("ACT") TO THE EXTENT SUCH ACTIVITIES MAY BE CONDUCTED BY ORGANIZATIONS ORGANIZED AND OPERATED EXCLUSIVELY FOR CHARITABLE, EDUCATIONAL, AND SCIENTIFIC PURPOSES AS DESCRIBED IN CODE 501(C)(3) INCLUDE DEVELOPING AFFORDABLE HOUSING AND RURAL COMMUNITY DEVELOPMENT.

Activities or mission (Part I)

TO PROVIDE AFFORDABLE HOUSING IN ECONOMICALLY CHALLENGED AREAS.

  • CONSTRUCTION OF AFFORDABLE HOUSING IN RURAL AREAS.

    Expenses $855,139 · Grants $131,248

As filed on the 2024 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • DAN TISHMAN

    MEMBER

    Total calculated
    $0
    Hours/week
    1

  • RICHARD BETTS

    CHAIRMAN

    Total calculated
    $0
    Hours/week
    2

  • PAUL MAJOR

    PRESIDENT

    Total calculated
    $290,829
    From this org
    $290,829
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $290,829
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $0
    Filer's total
    $290,829

  • MEGAN FERGUSON

    MEMBER

    Total calculated
    $0
    Hours/week
    1

  • AMY LATHAM

    MEMBER

    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

  • 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

The filer's explanations (Part III)

PART I, LINE 3
1.MARKET ANALYSIS AND BENCHMARKING FOR THE BUDGET SIZE AND DIFFERENT INDUSTRIES (NONPROFIT LEADERS, PROGRAM OFFICERS AND CONSTRUCTION LEADERS); 2. PERFORMANCE EVALUATION - THE BOARD FRAMEWORK IS IN DEVELOPMENT 3. INDEPENDENT REVIEW - TBD IF NECESSARY 4. APPROVAL BY THE BOARD - APPROVE BUDGETS AND LEADERSHIP COMPENSATION

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

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.

  • NORWOOD HOMES LLC

    WORKFORCE HOUSING · CO

    Directly controlled by PARADOX COMMUNITY TRUST

  • RIDGWAY HOMES LLC

    WORKFORCE HOUSING · CO

    Directly controlled by PARADOX COMMUNITY TRUST

  • OURAY HOMES LLC

    WORKFORCE HOUSING · CO

    Directly controlled by PARADOX COMMUNITY TRUST

  • NUCLA HOMES LLC

    WORKFORCE HOUSING · CO

    Directly controlled by PARADOX COMMUNITY TRUST

Provenance

Return type
form_990
Tax year
2024
Filed
15 July 2025
IRS schema version
2024v5.2
Source object
202541969349301864

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