Residences At Eaton Senior Communities
- Assets
- $12.4m
- Revenue
- $4.3m
- Investments
- $0.0
- Employees
- 40
- Location
- Lakewood, CO
- Founding
- 03/1980
- Data as of
- 09/2021
- EIN
- 84-0798069
Organization Overview
Residences At Eaton Senior Communities is located in Lakewood, 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. As of 09/2021, Residences At Eaton Senior Communities employed 40 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Residences At Eaton Senior Communities 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 09/2021, Residences At Eaton Senior Communities generated $4.3m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 9.1% each year. All expenses for the organization totaled $4.5m during the year ending 09/2021. While expenses have increased by 9.9% 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
TO PROVIDE HOUSING SERVICES FOR LOW TO MODERATE INCOME SENIORS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROGRAM PROVIDES 162 APARTMENTS FOR OCCUPANCY TO ELDERLY INDIVIDUALS WHO QUALIFY FOR FEDERAL ASSISTED LOW INCOME SECTION 8 HOUSING.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jennifer Vagher Vice Chair | OfficerTrustee | 4 | $0 |
Dan Kullas Chair | OfficerTrustee | 4 | $0 |
Richard Wyse Sec/treasurer | OfficerTrustee | 4 | $0 |
David Smart Past President/ceo | Officer | 40 | $0 |
Diana Delgado President/ceo | Officer | 40 | $0 |
Shae Clark Director | Trustee | 4 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $486,516 |
| Government grants | $48,158 |
| All other contributions, gifts, grants, and similar amounts not included above | $22,826 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $557,500 |
| Total Program Service Revenue | $3,868,589 |
| Investment income | $2,095 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$196,556 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $4,288,663 |
| 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 | $1,446,180 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $169,718 |
| Payroll taxes | $104,037 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $2,024 |
| Fees for services: Accounting | $22,310 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $157,952 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $25,278 |
| Royalties | $0 |
| Occupancy | $196,159 |
| Travel | $1,741 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $722,525 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $640,247 |
| Insurance | $85,026 |
| All other expenses | $85,052 |
| Total functional expenses | $4,491,001 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $942 |
| Savings and temporary cash investments | $696,994 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $318,707 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $75,435 |
| Prepaid expenses and deferred charges | $33,761 |
| Net Land, buildings, and equipment | $10,850,870 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $248,544 |
| Other assets | $136,463 |
| Total assets | $12,361,716 |
| Accounts payable and accrued expenses | $487,220 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $14,119,818 |
| 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 | $136,463 |
| Total liabilities | $14,743,501 |
| Net assets without donor restrictions | -$2,381,785 |
| 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 | $12,361,716 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Residences At Eaton Senior Communities has recieved totaling $10.
| Awarding Organization | Amount |
|---|---|
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $10 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Irc Ii Inc Omaha, NE | $77,092,812 | $15,244,348 |
Mercy Housing Wheaton Nfp Denver, CO | -$15,968,467 | $14,335,053 |
Rocky Mountain Mutual Housing Association Inc Denver, CO | $89,135,511 | $15,318,775 |
Equality Community Housing Corporation Glendale, AZ | $43,109,186 | $12,960,879 |
Mercy Housing Northwest Denver, CO | $73,547,369 | $9,509,795 |
Ark Regional Services Inc Laramie, WY | $4,970,092 | $7,518,317 |
Community Housing Concepts Inc Denver, CO | $87,603,673 | $7,035,643 |
Community Resources & Housing Development Corporation Westminster, CO | $39,546,722 | $6,041,584 |
Elevation Community Land Trust Denver, CO | $49,445,560 | $8,122,320 |
Residences At Eaton Senior Communities Lakewood, CO | $12,361,716 | $4,288,663 |
Arizona Housing Inc Phoenix, AZ | $15,313,221 | $3,724,119 |
Thistle Community Housing Boulder, CO | $53,794,788 | $7,131,075 |