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Nonprofiteer
← GRECCIO HOUSING UNLIMITED INC

Form 990 for tax year 2024

Filed by GRECCIO HOUSING UNLIMITED INC.

Totals

Total revenue
$6,704,927
Total expenses
$6,303,098
Contributions and grants received
$2,414,320
Grants paid
$481,599
Program service revenue
$4,142,575
Investment income
$37,540
Other revenue
$110,492
Total assets, end of year
$30,576,846
Total liabilities, end of year
$25,993,686
Net assets or fund balances, end of year
$4,583,160
Program services expenses (Part IX)
$5,907,314
Management and general expenses
$333,737
Fundraising expenses
$62,047
Program service expenses (Part III)
$5,907,314

Program services were 93.7% 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)

    $257,288

  • 1f · All other contributions, gifts and grants

    $2,157,032

  • 1g · Noncash contributions included above

    $1,402,555

  • 2a · Program service revenue: RENTAL INCOME

    total $3,300,556 · related or exempt $3,300,556

  • 2b · Program service revenue: MAINTENANCE REIMBURSEM

    total $386,694 · related or exempt $386,694

  • 2c · Program service revenue: DEVELOPER FEES

    total $217,141 · related or exempt $217,141

  • 2d · Program service revenue: MANAGEMENT FEE INCOME

    total $214,221 · related or exempt $214,221

  • 2e · Program service revenue: SALARY REIMBURSEMENTS

    total $21,218 · related or exempt $21,218

  • 2f · All other program service revenue

    total $2,745 · related or exempt $2,745

  • 3 · Investment income

    total $37,540 · excluded $37,540

  • 11a · Other revenue: MISC. REVENUE

    total $110,492 · related or exempt $110,492

  • 11e · Other revenue, total

    $110,492

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $133,728 · program services $133,728

  • 2 · Grants to domestic individuals

    total $347,871 · program services $347,871

  • 5 · Compensation of officers, directors and key employees

    total $164,885 · program services $131,908 · management and general $24,733 · fundraising $8,244

  • 7 · Other salaries and wages

    total $1,593,895 · program services $1,412,859 · management and general $168,807 · fundraising $12,229

  • 8 · Pension plan contributions

    total $22,679 · program services $19,943 · management and general $2,488 · fundraising $248

  • 9 · Other employee benefits

    total $136,714 · program services $120,221 · management and general $14,995 · fundraising $1,498

  • 10 · Payroll taxes

    total $148,203 · program services $130,323 · management and general $16,256 · fundraising $1,624

  • 11b · Fees: legal

    total $75,682 · program services $74,126 · management and general $1,124 · fundraising $432

  • 11c · Fees: accounting

    total $93,142 · program services $76,381 · management and general $12,105 · fundraising $4,656

  • 11g · Fees: other

    total $119,495 · program services $116,587 · management and general $2,100 · fundraising $808

  • 12 · Advertising and promotion

    total $39,104 · program services $32,079 · management and general $5,074 · fundraising $1,951

  • 13 · Office expenses

    total $76,063 · program services $65,059 · management and general $7,948 · fundraising $3,056

  • 14 · Information technology

    total $48,713 · program services $39,944 · management and general $6,333 · fundraising $2,436

  • 16 · Occupancy

    total $1,341,764 · program services $1,327,750 · management and general $10,121 · fundraising $3,893

  • 17 · Travel

    total $29,769 · program services $25,657 · management and general $2,970 · fundraising $1,142

  • 19 · Conferences, conventions and meetings

    total $21,113 · program services $17,312 · management and general $2,745 · fundraising $1,056

  • 20 · Interest

    total $463,084 · program services $421,361 · management and general $30,133 · fundraising $11,590

  • 22 · Depreciation, depletion and amortization

    total $739,039 · program services $723,634 · management and general $11,126 · fundraising $4,279

  • 23 · Insurance

    total $466,950 · program services $457,701 · management and general $6,680 · fundraising $2,569

  • 24a · Other expenses: BAD DEBT EXPENSE

    total $196,386 · program services $196,386

  • 24b · Other expenses: MISC

    total $19,161 · program services $17,951 · management and general $874 · fundraising $336

  • 24c · Other expenses: RESIDENT RESOURCES

    total $18,533 · program services $18,533

  • 24d · Other expenses: BROKER COMMISSION

    total $7,125 · management and general $7,125

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $2,028,583 · end of year $1,504,835

  • 3 · Pledges and grants receivable

    beginning of year $20,079 · end of year $25,204

  • 4 · Accounts receivable

    beginning of year $161,919 · end of year $176,059

  • 7 · Other notes and loans receivable

    beginning of year $1,600,000 · end of year $11,504,991

  • 9 · Prepaid expenses and deferred charges

    beginning of year $485,336 · end of year $574,353

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

    $25,463,482

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

    $9,710,556

  • 10c · Land, buildings and equipment, net

    beginning of year $16,107,606 · end of year $15,752,926

  • 13 · Investments: program-related

    beginning of year $933,336 · end of year $961,181

  • 15 · Other assets

    beginning of year $169,510 · end of year $77,297

  • 17 · Accounts payable and accrued expenses

    beginning of year $353,275 · end of year $322,697

  • 19 · Deferred revenue

    beginning of year $89,126 · end of year $93,572

  • 21 · Escrow or custodial account liability

    beginning of year $184,031 · end of year $183,021

  • 23 · Secured mortgages and notes payable

    beginning of year $10,995,596 · end of year $10,717,853

  • 24 · Unsecured notes and loans payable

    beginning of year $419,334 · end of year $479,089

  • 25 · Other liabilities

    beginning of year $5,283,676 · end of year $14,197,454

  • 27 · Net assets without donor restrictions

    beginning of year $4,085,313 · end of year $4,547,056

  • 28 · Net assets with donor restrictions

    beginning of year $96,018 · end of year $36,104

Mission and programs · 2024

Mission

TO PROVIDE STABLE, SAFE, AND AFFORDABLE HOUSING TO OFFER RESOURCES FOR RESIDENTS TO ACHIEVE STABILITY AND TO PROMOTE SOLUTIONS TO THE AFFORDABLE HOUSING NEEDS IN OUR COMMUNITY.

Activities or mission (Part I)

GRECCIO IS A COMMUNITY HOUSING DEVELOPMENT ORGANIZATION IN COLORADO SPRINGS THAT PROVIDES STABLE, SAFE, AND AFFORDABLE HOUSING, OFFERS RESOURCES FOR RESIDENTS TO ACHIEVE STABILITY, AND PROMOTES SOLUTIONS TO THE AFFORDABLE HOUSING NEEDS OF OUR COMMUNITY.

  • RENTAL AND PROPERTY MANAGEMENT - THE PRIMARY FOCUS OF OPERATIONS IS OUR AFFORDABLE HOUSING PROGRAM FOR INDIVIDUALS AND FAMILIES. WE ARE DEDICATED IN GUIDING APPLICANTS THROUGH ELIGIBILITY PROCESS FOR AFFORDABLE HOUSING. MORE THAN 4/5 OF OUR RESIDENTS EARN 50% OR LESS OF AMI.

    Expenses $4,810,404 · Grants $264,730 · Revenue $4,253,067

  • RESOURCE & OPPORTUNITY CENTER - GREECIO TAKES AN INTEGRATED APPROACH TO HOUSING BY OFFERING OUR RESIDENTS ASSISTANCE FOR THEM TO ACHIEVE STABILITY AND SELF-SUFFICIENCY. SOME OF OUR RESOURCES INCLUDE EVICTION PREVENTION, NO COST FOOD PANTRY, COMMUNITY GARDENS, EDUCATION SCHOLARSHIPS, FINANCIAL TRAINING AND VARIETY OF LITERACY PROGRAMS.

    Expenses $835,791 · Grants $202,877

  • PURCHASE AND REHABILITATION - WE BEGAN A MULTI-YEAR PRESERVATION EFFORT IN 2025 OF EXISTING PROPERTIES. REHABILITATION INCLUDED NUMEROUS EXTERIOR REPAIRS SUCH AS STUCCO, REPAINTING, GUTTERS, PRIVACY FENCE AND ROOF REPAIRS. INSIDE PROJECTS INCLUDED HIGH EFFICIENCY BOILERS, ATTIC AND PIPE INSULATION, LOW-FLOW FIXTURES AND LED LIGHTING. THIS YEAR WE STARTED AND CONTINUED FOUR NEW PROPERTIES.

    Expenses $261,119 · Grants $13,992

As filed on the 2024 return.

Listed in Part VII

  • Tami Zamborelli

    PRESIDENT

    Total calculated
    $0
    Hours/week
    2

  • Jariah Walker

    VICE PRESIDENT

    Total calculated
    $0
    Hours/week
    1

  • Kelly Fitzgerald

    TREASURER

    Total calculated
    $0
    Hours/week
    1

  • Tamara Saunders

    SECRETARY

    Total calculated
    $0
    Hours/week
    1

  • Diane Miller

    IMMEDIATE PAST PRESIDENT

    Total calculated
    $0
    Hours/week
    1

  • Tyrone Johnson

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • David Neville

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Thea Platt

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Steve Posey

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Lee Patke

    EXECUTIVE DIRECTOR

    Total calculated
    $164,885
    From this org
    $159,344
    From related orgs
    $0
    Other
    $5,541
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $159,344
    Bonus
    $0
    Other
    $0
    Deferred
    $5,138
    Nontaxable benefits
    $403
    Filer's total
    $164,885

  • Brian Baker

    SENIOR DIRECTOR OF OPERATIONS

    Total calculated
    $104,977
    From this org
    $101,920
    From related orgs
    $0
    Other
    $3,057
    Hours/week
    40

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

  • GPR II PROPERTIES LLC

    $133,728

    ASSISTANCE IN TEMPORARY RELOCATION COSTS

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.

  • GHU ATRIUM LLC

    SEE PART VII · CO · income $0 · assets -$52

    Directly controlled by GRECCIO HOUSING UNLIMITED INC

  • GRECCIO COMMERCIAL REAL ESTATE SERVICES LLC

    SEE PART VII · CO · income $608,414 · assets $47,549

    Directly controlled by GRECCIO HOUSING UNLIMITED INC

  • GHU RIDGE LLC

    SEE PART VII · CO · income $0 · assets -$11

    Directly controlled by GRECCIO HOUSING UNLIMITED INC

  • GHU SUNRISE LLC

    SEE PART VII · CO · income $0 · assets $100

    Directly controlled by GRECCIO HOUSING UNLIMITED INC

  • GHU HYBROOK LLC

    SEE PART VII · CO · income $0 · assets $25,000

    Directly controlled by GRECCIO HOUSING UNLIMITED INC

Provenance

Return type
form_990
Tax year
2024
Filed
11 June 2026
IRS schema version
2024v5.5
Source object
202601669349300905

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