Decatur Place
- Assets
- $5.4m
- Revenue
- $2.0m
- Investments
- $0.0
- Employees
- 0
- Location
- Denver, CO
- Founding
- 03/2012
- Data as of
- 12/2022
- EIN
- 84-1062097
Organization Overview
Decatur Place is located in Denver, CO. The organization was established in 2012. 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. Decatur Place 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 12/2022, Decatur Place generated $2.0m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 3.1% each year. All expenses for the organization totaled $1.9m during the year ending 12/2022. While expenses have increased by 3.1% 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE AFFORDABLE HOUSING FOR LOW-INCOME SINGLE-PARENT FAMILIES
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE ORGANIZATION WAS CREATED TO OWN AND OPERATE A 106-UNIT APARTMENT PROJECT KNOWN AS DECATUR LOCATED IN DENVER, COLORADO. THE PROPERTY PROVIDES TRANSITIONAL HOUSING FOR SINGLE-PARENT FAMILIES THAT ARE IN NEED OF A HOME AND OTHER SERVICES, SUCH AS COUNSELING, CASE MANAGEMENT, EDUCATION AND LIFE-SKILLS TRAINING FOR A MAXIMUM OF TWO YEARS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Bruce Saab Vice President/director | OfficerTrustee | 1 | $0 |
Joe Rosenblum Secretary/director | OfficerTrustee | 1 | $0 |
Kassidi Boening Vice President/director | OfficerTrustee | 1 | $0 |
Melissa Clayton Vice President/director | OfficerTrustee | 1 | $0 |
Ron Jackson Director | Trustee | 1 | $0 |
Chad Payne Treasurer | Officer | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Interstate Restoration Group Restoration | 12/30/14 | $188,725 |
Real Estate Personnel Inc Temp Employment Srv. | 12/30/14 | $107,401 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $1,481,050 |
| 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 | $1,481,050 |
| Total Program Service Revenue | $536,549 |
| Investment income | $1,601 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$11,312 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,007,888 |
| 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 | $196,331 |
| Pension plan accruals and contributions | $2,593 |
| Other employee benefits | $32,413 |
| Payroll taxes | $16,093 |
| Fees for services: Management | $73,356 |
| Fees for services: Legal | $2,932 |
| Fees for services: Accounting | $23,783 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $222,772 |
| Advertising and promotion | $15 |
| Office expenses | $19,736 |
| Information technology | $3,577 |
| Royalties | $0 |
| Occupancy | $486,400 |
| Travel | $4,605 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $947 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $472,678 |
| Insurance | $0 |
| All other expenses | $664 |
| Total functional expenses | $1,945,213 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $46,239 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $40,813 |
| 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 | $44,892 |
| Net Land, buildings, and equipment | $3,612,861 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $68,702 |
| Other assets | $1,624,284 |
| Total assets | $5,437,791 |
| Accounts payable and accrued expenses | $83,132 |
| Grants payable | $0 |
| Deferred revenue | $49,815 |
| 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 | $4,509,413 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $40,675 |
| Total liabilities | $4,683,035 |
| Net assets without donor restrictions | $754,756 |
| 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 | $5,437,791 |