Villages Ltd
- Assets
- $31.1m
- Revenue
- $10.6m
- Investments
- $0.0
- Employees
- 0
- Location
- Fort Collins, CO
- Founding
- 04/1982
- Data as of
- 12/2023
- EIN
- 74-2177138
Organization Overview
Villages Ltd is located in Fort Collins, CO. The organization was established in 1982. According to its NTEE Classification (L21) the organization is classified as: Low-Income & Subsidized Rental Housing, 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. Villages Ltd 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 12/2023, Villages Ltd generated $10.6m in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 16.7% each year . All expenses for the organization totaled $3.1m during the year ending 12/2023. While expenses have increased by 3.7% per year over the past 8 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE AFFORDABLE HOUSING FOR THE ELDERLY AND LOW-INCOME FAMILIES OF FORT COLLINS, COLORADO.
Describe the Organization's Program Activity:
Part 3 - Line 4a
VILLAGES, LTD. WAS ESTABLISHED IN 1980 AS A 501(C)(3) ORGANIZATION WHOSE PURPOSE IS TO ACQUIRE, DEVELOP AND PRESERVE AFFORDABLE HOUSING FOR THE ELDERLY AND LOW-INCOME FAMILIES OF FORT COLLINS, COLORADO. THE ORGANIZATION OWNS AND MANAGES A TOTAL OF 200 RESIDENTIAL UNITS AND HAS THUS HELPED THOUSANDS OF LOW-INCOME FAMILIES IN THE FORT COLLINS COMMUNITY OVER THE PAST 30 YEARS. THE ORGANIZATION CURRENTLY MANAGES 200 RESIDENTIAL UNITS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Julie Brewen Secretary/treasurer/ceo | OfficerTrustee | 10 | $0 |
Cathy Mathis Director | Trustee | 1 | $0 |
Jennifer Wagner President | OfficerTrustee | 1 | $0 |
Lizette Mill Vice President | OfficerTrustee | 1 | $0 |
David Bye Director (thru May) | Trustee | 1 | $0 |
Emily Francis Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,178,197 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,178,197 |
| Total Program Service Revenue | $2,653,442 |
| Investment income | $226,779 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $6,586,759 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $10,645,177 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $120,000 |
| 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 | $363,803 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $230,966 |
| Fees for services: Legal | $15,617 |
| Fees for services: Accounting | $188,031 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $38,000 |
| Advertising and promotion | $60 |
| Office expenses | $346,762 |
| Information technology | $17,115 |
| Royalties | $0 |
| Occupancy | $243,043 |
| Travel | $414 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $55 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $560,531 |
| Insurance | $93,692 |
| All other expenses | $2,165 |
| Total functional expenses | $3,069,013 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $83,140 |
| Savings and temporary cash investments | $5,378,908 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $71,708 |
| 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 | $2,186 |
| Net Land, buildings, and equipment | $10,066,727 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $14,758,819 |
| Intangible assets | $0 |
| Other assets | $709,988 |
| Total assets | $31,071,476 |
| Accounts payable and accrued expenses | $177,462 |
| Grants payable | $0 |
| Deferred revenue | $9,158 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $79,846 |
| 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 | $199,086 |
| Total liabilities | $465,552 |
| Net assets without donor restrictions | $30,605,924 |
| 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 | $31,071,476 |