Archdiocesan Housing Inc
- Assets
- $9.5m
- Revenue
- $2.6m
- Investments
- $0.0
- Employees
- 1
- Location
- Denver, CO
- Founding
- 01/1980
- Data as of
- 06/2023
- EIN
- 84-0604106
Organization Overview
Archdiocesan Housing Inc is located in Denver, CO. The organization was established in 1980. 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 a subordinate organization within an affiliated group for tax-exemption purposes. Archdiocesan Housing 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 06/2023, Archdiocesan Housing Inc generated $2.6m in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 47.3% each year . All expenses for the organization totaled $603.4k during the year ending 06/2023. While expenses have increased by 8.0% 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 LOW- AND MODERATE-INCOME FAMILIES AND ELDERLY WHERE NO ADEQUATE HOUSING EXISTS FOR SUCH PERSONS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
AFFORDABLE HOUSING FOR LOW- AND MODERATE-INCOME FAMILIES AND ELDERLY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Darren Walsh President/ce | Officer | 1 | $0 |
Justin Raddatz Exe. Directo | Officer | 39 | $161,899 |
Philip Vottiero CFO | Officer | 1 | $0 |
Melissa Bleser Member | Trustee | 2 | $0 |
Bob Gross Secretary | OfficerTrustee | 2 | $0 |
Josephine Huelskamp Member | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $1,333,414 |
| Government grants | $0 |
| 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 | $1,333,414 |
| Total Program Service Revenue | $1,233,014 |
| Investment income | $36,585 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $320,000 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,598,214 |
| 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 | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $12,000 |
| Fees for services: Legal | $16,639 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $15,050 |
| Advertising and promotion | $10,483 |
| Office expenses | $922 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $3,180 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $734 |
| Interest | $2,853 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $5 |
| Insurance | $16,350 |
| All other expenses | $0 |
| Total functional expenses | $603,354 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $2,072,643 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $842,118 |
| 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 | $1,128,400 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $5,469,731 |
| Total assets | $9,512,892 |
| Accounts payable and accrued expenses | $129,208 |
| 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 | $0 |
| Total liabilities | $129,208 |
| Net assets without donor restrictions | $9,368,188 |
| Net assets with donor restrictions | $15,496 |
| 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 | $9,512,892 |
Grants Awarded
Over the last fiscal year, Archdiocesan Housing Inc has awarded $1,197,022 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
CATHOLIC CHARITIES OF THE ARCHDIOCESE OF DENVER PURPOSE: To support it's mission to extend the healing ministry of Jesus Christ to the poor and those in need. | $1,000,000 |
MOUNT LORETTO LLC PURPOSE: Forgiveness of development fee receivable balance as of 1/31/2020 in lieu of managing member's contribution to pay the fee per the 5/2004 development agreement. | $197,022 |