Imagine Housing Corp Iii
- Assets
- $1.3m
- Revenue
- $29.6k
- Investments
- $0.0
- Employees
- 0
- Location
- Lafayette, CO
- Founding
- 06/2012
- Data as of
- 06/2019
- EIN
- 45-4621429
Organization Overview
Imagine Housing Corp Iii is located in Lafayette, CO. The organization was established in 2012. According to its NTEE Classification (L24) the organization is classified as: Independent Housing for People with Disabilities, under the broad grouping of Housing & Shelter and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Imagine Housing Corp Iii is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 06/2019, Imagine Housing Corp Iii generated $29.6k in total revenue. The organization has seen a slow decline revenue. Over the past 5 years, revenues have fallen by an average of (2.6%) each year. All expenses for the organization totaled $83.8k during the year ending 06/2019. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2019
Describe the Organization's Mission:
Part 3 - Line 1
THE CORPORATION SHALL HAVE THE POWER TO PROVIDE ELDERLY PERSONS AND DISABLED PERSONS WITH HOUSING FACILITIES AND SERVICES SPECIALLY DESIGNED TO MEET THEIR PHYSICAL, SOCIAL, AND PSYCHOLOGICAL NEEDS AND TO PROMOTE THEIR HEALTH, SECURITY, HAPPINESS AND USEFULNESS IN LONGER LIVING, THE CHARGES FOR SUCH FACILITIES AND SERVICES TO BE PREDICATED UPON THE PROVISION, MAINTENANCE, AND OPERATION THEREOF ON A NONPROFIT BASIS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO PROVIDE LOW INCOME HOUSING FOR PEOPLE WITH DEVELOPMENTAL DISABILIITES.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Ken Curtis President | OfficerTrustee | 0.5 | $0 |
Ron Alford President Elect | OfficerTrustee | 0.5 | $0 |
Mark Zentner Treasurer | OfficerTrustee | 0.5 | $0 |
Cathy Bodinw Secretary | OfficerTrustee | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Investment income | $6 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $29,586 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $2,400 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $880 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $3,136 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $33,875 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $41,718 |
| Insurance | $1,787 |
| All other expenses | $0 |
| Total functional expenses | $83,796 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $49,660 |
| Savings and temporary cash investments | $22,335 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,311,312 |
| Accounts payable and accrued expenses | $559,846 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $2,294 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $562,140 |
| Net assets without donor restrictions | $749,172 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Total liabilities and net assets/fund balances | $749,172 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Glennwood Housing Foundation Laguna Beach, CA | $10,684,044 | $4,106,759 |
H C Signs Of Hope Inc Kerrville, TX | $978,014 | $2,147,089 |
Nba-Gpva Accessible Housing St Louis, MO | $1,205,843 | $473,274 |
Independence Manor Ii Inc Nacogdoches, TX | $549,784 | $424,660 |
Concord Residential Club Inc Concord, CA | $1,395,295 | $410,924 |
Peaceful Living Homes Pasadena, CA | $14,400 | $282,307 |
Bhs Community Development Corporation Long Beach, CA | $6,592,474 | $338,000 |
Ivy Glen Housing Corporation Glendale, CA | $742,780 | $271,661 |
Bhw Residential Services Iii Inc Rapid City, SD | $609,206 | $190,253 |
Resiliency Village Soulsbyville, CA | $485,205 | $368,889 |
Joshua Tree Apartments Inc Bakersfield, CA | $591,965 | $146,835 |
Bhw Resiential Services Ii Inc Rapid City, SD | $508,479 | $246,647 |