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Nonprofiteer
← DENVER COMMUNITY VENTURES

Form 990 for tax year 2022

Filed by DENVER COMMUNITY VENTURES.

Totals

Total revenue
$232,516
Total expenses
$161,261
Contributions and grants received
$159,889
Grants paid
$0
Program service revenue
$71,786
Investment income
$841
Other revenue
$0
Total assets, end of year
$835,293
Total liabilities, end of year
$28,643
Net assets or fund balances, end of year
$806,650
Program services expenses (Part IX)
$109,776
Management and general expenses
$51,485
Fundraising expenses
$0
Program service expenses (Part III)
$109,776

Program services were 68.1% 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.

  • 1f · All other contributions, gifts and grants

    $159,889

  • 2a · Program service revenue: HOME OWNERSHIP CLASSES

    total $71,786 · related or exempt $71,786

  • 3 · Investment income

    total $841 · excluded $841

Functional expenses

Part IX, the statement of functional expenses.

  • 7 · Other salaries and wages

    total $1,746 · management and general $1,746

  • 11a · Fees: management

    total $9,691 · management and general $9,691

  • 11c · Fees: accounting

    total $10,320 · management and general $10,320

  • 11f · Fees: investment management

    total $43 · management and general $43

  • 13 · Office expenses

    total $19,024 · program services $4,084 · management and general $14,940

  • 17 · Travel

    total $256 · management and general $256

  • 19 · Conferences, conventions and meetings

    total $6,249 · program services $3,367 · management and general $2,882

  • 23 · Insurance

    total $2,065 · management and general $2,065

  • 24a · Other expenses: HOLIDAY TOY DRIVE

    total $102,026 · program services $102,026

  • 24b · Other expenses: ADMIN-EXPENDABLE EQUIPM

    total $6,894 · management and general $6,894

  • 24c · Other expenses: MISCELLANEOUS

    total $2,648 · management and general $2,648

  • 24d · Other expenses: ACADEMY CURRICULUM

    total $299 · program services $299

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $537,436 · end of year $773,600

  • 2 · Savings and temporary cash investments

    beginning of year $52,871 · end of year $22,161

  • 4 · Accounts receivable

    beginning of year $172,150 · end of year $39,457

  • 9 · Prepaid expenses and deferred charges

    beginning of year $1,425 · end of year $75

  • 17 · Accounts payable and accrued expenses

    beginning of year $29,283 · end of year $28,643

  • 27 · Net assets without donor restrictions

    beginning of year $600,435 · end of year $806,650

  • 28 · Net assets with donor restrictions

    beginning of year $134,164 · end of year $0

Mission and programs · 2022

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 2022 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 $109,776 · Revenue $71,786

As filed on the 2022 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 Hanckock

    SECRETARY

    Total calculated
    $157,631
    From this org
    $0
    From related orgs
    $134,659
    Other
    $22,972
    Hours/week
    2 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $134,659 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $13,665 related
    Nontaxable benefits
    $0 + $9,307 related
    Filer's total
    $0 + $157,631 related
  • Renee Nicolosi

    SECRETARY

    Total calculated
    $66,211
    From this org
    $0
    From related orgs
    $56,215
    Other
    $9,996
    Hours/week
    3.5
  • Ben Williams

    TREASURER

    Total calculated
    $0
    Hours/week
    0.25
  • David Nisivoccia

    BOARD MEMBER

    Total calculated
    $380,178
    From this org
    $0
    From related orgs
    $340,438
    Other
    $39,740
    Hours/week
    0.5 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $340,438 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $33,166 related
    Nontaxable benefits
    $0 + $6,574 related
    Filer's total
    $0 + $380,178 related
  • Maro Casparian

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.25
  • Michael Petrak

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.25
  • Marian Lawrence

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.5
  • Milford Adams

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.25
  • Dan Villanueva

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.25
  • Anton Bengston

    BOARD MEMBER

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

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.25
  • Lauren Money

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.25
  • Amy Fidelis

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.25

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
2022
Filed
23 August 2023
IRS schema version
2022v5.0
Source object
202312549349301406

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