Soda Creek Apartments Inc is located in Steamboat Springs, CO. The organization was established in 2012. According to its NTEE Classification (L20) the organization is classified as: Housing Development, Construction & Management, 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. Soda Creek Apartments Inc 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 06/2021, Soda Creek Apartments Inc generated $51.6k in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 0.4% each year. All expenses for the organization totaled $109.4k during the year ending 06/2021. While expenses have increased by 1.6% per year over the past 6 years. They've been increasing with an increasing level of total revenue. 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
SODA CREEK APARTMENTS WAS ESTABLISHED FOR THE CONSTRUCTION AND MANAGEMENT OF AN 8 UNIT APARTMENT COMPLEX THAT WILL HOUSE 7 INDIVIDUALS WITH DEVELOPMENTAL DISABILITIES. THE COMPLEX WILL BE FUNDED THROUGH HUD SECTION 811.
Describe the Organization's Program Activity:
Part 3 - Line 4a
MANAGEMENT OF AN 8 UNIT APARTMENT COMPLEX FOR INDIVIDUALS WITH DISABILITIES. THE INDIVIDUALS MUST QUALIFY FOR RENT SUBSIDIES UNDER HUD SECTION 811. EIGHT INDIVIDUALS WERE IN THE PROGRAM DURING THE YEAR.
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Leslie Bjorgum Director | OfficerTrustee | 1 | $0 |
Beth Davison Secretary | OfficerTrustee | 1 | $0 |
Terry Jost Board Presid | OfficerTrustee | 1 | $0 |
Dennis Kuntz Vice Preside | OfficerTrustee | 1 | $0 |
Julie Pearce Treasurer | OfficerTrustee | 1 | $0 |
Tatum Heath Executive Di | Officer | 40 | $0 |
Statement of Revenue | |
---|---|
Federated campaigns | $0 |
Membership dues | $0 |
Fundraising events | $0 |
Related organizations | $0 |
Government grants | $23,445 |
All other contributions, gifts, grants, and similar amounts not included above | $0 |
Noncash contributions included in lines 1a–1f | $0 |
Total Revenue from Contributions, Gifts, Grants & Similar | $23,445 |
Total Program Service Revenue | $28,157 |
Investment income | $29 |
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 | $51,631 |
Statement of Expenses | |
---|---|
Grants and other assistance to domestic organizations and domestic governments. | $0 |
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 of current officers, directors, key employees. | $0 |
Compensation to disqualified persons | $0 |
Other salaries and wages | $6,886 |
Pension plan accruals and contributions | $0 |
Other employee benefits | $0 |
Payroll taxes | $1,722 |
Fees for services: Management | $0 |
Fees for services: Legal | $0 |
Fees for services: Accounting | $13,123 |
Fees for services: Lobbying | $0 |
Fees for services: Fundraising | $0 |
Fees for services: Investment Management | $0 |
Fees for services: Other | $4,368 |
Advertising and promotion | $0 |
Office expenses | $75 |
Information technology | $0 |
Royalties | $0 |
Occupancy | $15,734 |
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 | $64,686 |
Insurance | $2,701 |
All other expenses | $130 |
Total functional expenses | $109,425 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $9,434 |
Savings and temporary cash investments | $49,868 |
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 |
Net Land, buildings, and equipment | $1,687,354 |
Investments—publicly traded securities | $0 |
Investments—other securities | $0 |
Investments—program-related | $0 |
Intangible assets | $0 |
Other assets | $2,010 |
Total assets | $1,748,666 |
Accounts payable and accrued expenses | $12,724 |
Grants payable | $0 |
Deferred revenue | $0 |
Tax-exempt bond liabilities | $0 |
Escrow or custodial account liability | $0 |
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 | $2,010 |
Total liabilities | $14,734 |
Net assets without donor restrictions | $1,733,932 |
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 |
Retained earnings, endowment, accumulated income, or other funds | $0 |
Total liabilities and net assets/fund balances | $1,748,666 |
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