Redi V
- Assets
- $480.9k
- Revenue
- $287.5k
- Investments
- $0.0
- Employees
- 0
- Location
- Denver, CO
- Founding
- 08/1989
- Data as of
- 03/2023
- EIN
- 74-2532019
Organization Overview
Redi V is located in Denver, CO. The organization was established in 1989. According to its NTEE Classification (P73) the organization is classified as: Group Homes, under the broad grouping of Human Services and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Redi V 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 03/2023, Redi V generated $287.5k in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 3.2% each year. All expenses for the organization totaled $208.9k during the year ending 03/2023. 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 LOW INCOME, CHRONICALLY MENTALLY ILL
Describe the Organization's Program Activity:
Part 3 - Line 4a
OPERATION OF 19 UNITS OF RESIDENTIAL HOUSING FOR THE CHRONICALLY MENTALLY ILL UNDER A SUBSIDY PROGRAM FOR THE US DEPT OF HOUSING AND URBAN DEVELOPMENT.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Keely Downs President | OfficerTrustee | 1 | $0 |
Sandra Goldhaber Vice President | OfficerTrustee | 1 | $0 |
Terry Barnard Treasurer | OfficerTrustee | 1 | $0 |
Diego Kissack Secretary | OfficerTrustee | 1 | $0 |
Craig Stack Director | Trustee | 1 | $0 |
Heather Iden Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $180,178 |
| 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 | $180,178 |
| Total Program Service Revenue | $73,453 |
| Investment income | $742 |
| 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 | $287,540 |
| 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 | $47,288 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $8,536 |
| Payroll taxes | $3,962 |
| Fees for services: Management | $12,261 |
| Fees for services: Legal | $543 |
| Fees for services: Accounting | $8,790 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $192 |
| Office expenses | $8,603 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $55,367 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $18,839 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $9,487 |
| Insurance | $17,439 |
| All other expenses | $0 |
| Total functional expenses | $208,871 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $73 |
| Savings and temporary cash investments | $20,538 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $2,016 |
| 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 | $10,607 |
| Net Land, buildings, and equipment | $268,042 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $179,649 |
| Total assets | $480,925 |
| Accounts payable and accrued expenses | $5,196 |
| Grants payable | $0 |
| Deferred revenue | $114 |
| 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 | $395,292 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $81,497 |
| Total liabilities | $482,099 |
| Net assets without donor restrictions | -$1,174 |
| 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 | $480,925 |