San Luis Valley Housing Coalition Inc
- Assets
- $4.0m
- Revenue
- $966.0k
- Investments
- $0.0
- Employees
- 7
- Location
- Alamosa, CO
- Founding
- 02/1995
- Data as of
- 12/2021
- EIN
- 84-1245986
Organization Overview
San Luis Valley Housing Coalition Inc is located in Alamosa, CO. The organization was established in 1995. According to its NTEE Classification (L80) the organization is classified as: Housing Support, under the broad grouping of Housing & Shelter and related organizations. As of 12/2021, San Luis Valley Housing Coalition Inc employed 7 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. San Luis Valley Housing Coalition 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 12/2021, San Luis Valley Housing Coalition Inc generated $966.0k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 18.4% each year . All expenses for the organization totaled $659.3k during the year ending 12/2021. While expenses have increased by 12.5% per year over the past 7 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
PROVIDE AFFORDABLE HOUSING OPTIONS TO OUR COMMUNITY MEMBERS THROUGHOUT THE SAN LUIS VALLEY, COLORADO.HOUSING: HIGH VALLEY MANOR MULTIFAMILY RENT ASSISTED HOUSING, CASITA DE LA LUNA ELDERLY/DISABLED RENT ASSISTED HOUSING. BOTH USDA AND CDOH FUNDED WITH CASITA ALSO BEING POST-15-YEAR LIHTC. LOW-INTEREST LOAN PROGRAMS FROM SINGLE-FAMILY-OWNER-OCCUPIED HOME REHABILITATION (CDOH, CHFA, AND USDA FUNDED), DOWN PAYMENT ASSISTANCE (CDOH FUNDED), HOUSEHOLD WASTEWATER SYSTEMS (HWWS) (USDA FUNDED, ENDED IN 2021). ADVOCACY/EDUCATION: MOBILE HOME PARK TENANT ASSISTANCE (COLORADO HEALTH FOUNDATION FUNDED), TOOL BARN RENTAL (CHFA FUNDED), AND STARTING IN 2022 FINANCIAL AND MAINTENANCE EDUCATION (CHFA FUNDED ON 12.31.2021).
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE MISSION OF THE ORGANIZATION (SLVHC) IS TO PROVIDE SAFE AND AFFORDABLE HOUSING TO LOW/MODERATE INCOME COMMUNITY MEMBERS. SLVHC ADDRESSES THE INCREASING HOUSING NEEDS OF THE SAN LUIS VALLEY THROUGH FOUR PROGRAMS THAT IT OFFERS: DOWN PAYMENT ASSISTANCE PROGRAM, HOME REHABILITATION PROGRAM, HIGH VALLEY MANOR APARTMENTS, AND THE CASITA DE LA LUNA APARTMENTS.SFOO HOME REHAB: THE CDBG FUNDED GRANT WAS FROM 2019-2021 AND CLOSED 8 LOANS BETWEEN NOVEMBER 2020 AND DECEMBER 2021 ONCE COVID-19 RESTRICTIONS WERE LIFTED AND THE PROGRAM WAS ALLOWED TO START UP AGAIN. THE PROGRAM PROVIDED ALL CLIENTS WITH VARYING LEVELS OF DEFERRED LOANS DUE TO COVID-19 NEEDS OR BECAUSE THE CLIENT WAS COMBINING THE PROGRAM WITH THE DPA PROGRAM. ALL LOANS USE THE CLIENT'S HOME AS COLLATERAL WITH PAYMENT DUE AT TIME OF SALE OR IN THE FUTURE, DEPENDING ON DEFERMENT TERMS. THREE CLIENTS USED THE FUNDS TO REMEDIATE LEAD-BASED PAINT AND/OR ASBESTOS WITH THE OPPORTUNITY TO HAVE THESE FUNDS TURN TO GRANTS AFTER FIVE YEARS. THIS PROGRAM WAS FOR HOUSEHOLDS WHO OWNED HOMES OR WERE PURCHASING HOMES IN NEED OF REPAIR WITH INCOMES AT OR BELOW 80% AREA MEDIAN INCOME (AMI).DOWN PAYMENT ASSISTANCE (DPA): THE CDBG FUNDED GRANT WAS FROM 2017 TO 2021 WITH THE HDG FUNDED PROGRAM STARTING IN 2021. CDBG FUNDED PROGRAM CLOSED THE LAST 3 LOANS OF THE GRANT BETWEEN NOVEMBER 2020 AND MARCH 2021 BEFORE THE PROGRAM ENDED. THIS PROGRAM WAS LIMITED IN 2020 DUE TO COVID-19 RESTRICTIONS. THIS PROGRAM PROVIDED LOANS FOR UP TO $12,000 FOR 10 YEARS BELOW 5% INTEREST TO HOUSEHOLDS AT OR BELOW 80% AMI. THE HDG GRANT WAS AWARDED TO FUND 12 LOANS FOR 2021-2022 AND CLOSED 8 OF THE 12 IN 2021 AND TWO ADDITIONAL LOANS IN 2022. THE PROGRAM WAS LIMITED DURING 2021 DUE TO COVID-19 RESTRICTIONS BUT SAW IMPROVEMENT OVER 2020 AS RESTRICTIONS WERE SLOWLY LIFTED. THIS PROGRAM WAS OFTEN COMBINED WITH THE SFOO REHAB PROGRAM. THIS PROGRAM PROVIDES LOANS FOR UP TO $15,500 FOR 20 YEARS BELOW 2% INTEREST TO HOUSEHOLDS AT OR BELOW 100% AMI. THIS NEW PROGRAM BOTH INCREASED THE LOAN AMOUNTS AND INCOME LIMITS WHILE DECREASING INTEREST RATES TO HELP WITH HOUSING AFFORDABILITY AS THE HOUSING MARKET CHANGED DRASTICALLY. AFFORDABLE RENT ASSISTED HOUSING UNITS: HIGH VALLEY MANOR (HVM) AND CASITA DE LA LUNA (CDLL) APARTMENTS: THESE TWO COMPLEXES PROVIDE RENT AND UTILITY-ASSISTED HOUSING UNITS TO HOUSEHOLDS AT OR BELOW 80% AREA MEDIAN INCOME. ALL HOUSEHOLDS PAY 30% OR LESS OF THEIR GROSS MONTHLY INCOME IN HOUSING COSTS (RENT/UTILITIES) WITH ASSISTANCE FROM USDA RURAL DEVELOPMENT. UNITS ARE 1-BEDROOM OR 2-BEDROOM OPTIONS WITH COMMUNITY SPACE, OUTDOOR SPACE, COIN-OP LAUNDRY ROOMS, AND PARKING PROVIDED. HVM HAS REDUCED-COST CABLE OPTIONS AVAILABLE, AND TENANTS PAY ELECTRIC ONLY. CDLL TENANTS PAY FOR ELECTRICITY AND HEAT. A SITE MANAGER AND MAINTENANCE PERSON ARE PROVIDED FOR TENANT NEEDS. HVM IS A SINGLE THREE-STORY BUILDING THAT OFFERS 32 RENT-ASSISTED UNITS WITH TWO OF THOSE BEING ADA ONE-BEDROOM, THREE ARE TWO-BEDROOM UNITS, AND 27 ARE ONE-BEDROOM UNITS. CDLL IS SIX SMALLER BUILDINGS THAT OFFERS 27 UNITS RENT ASSISTED UNITS WITH ONE 2-BEDROOM AND ONE 1-BEDROOM ADA UNIT, SIX 2-BEDROOM UNITS, AND 19 1-BEDROOM UNITS. THESE BUILDINGS PROVIDE HOUSING TO UP TO 60 INDIVIDUALS IN A SINGLE YEAR. SLVHC OWNS AND OPERATES HVM AND IS THE GENERAL PARTNER AND MANAGER FOR CDLL.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Dawn Melgares Executive Director | Officer | 40 | $77,497 |
Hoyt Anderson Vice President | OfficerTrustee | 1 | $0 |
Elizabeth Hensley President After Aug 2021 | OfficerTrustee | 1 | $0 |
Andrea Archuleta-Cisneros Treasurer | OfficerTrustee | 1 | $0 |
Genessa Heide Secretary | OfficerTrustee | 1 | $0 |
Jeni Jack-Goodwin President Until Aug 2021 | OfficerTrustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $887 |
| Related organizations | $0 |
| Government grants | $288,149 |
| All other contributions, gifts, grants, and similar amounts not included above | $326,498 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $615,534 |
| Total Program Service Revenue | $275,544 |
| Investment income | $20,823 |
| 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 | $965,964 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $21,798 |
| 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. | $78,961 |
| Compensation of current officers, directors, key employees. | $15,792 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $78,264 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $14,256 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $402 |
| Fees for services: Accounting | $16,660 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $77,534 |
| Advertising and promotion | $1,609 |
| Office expenses | $6,444 |
| Information technology | $1,172 |
| Royalties | $0 |
| Occupancy | $201,263 |
| Travel | $1,214 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $85,162 |
| Insurance | $5,144 |
| All other expenses | $3,139 |
| Total functional expenses | $659,264 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $940,817 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $131,059 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $1,327,206 |
| Inventories for sale or use | $6,338 |
| Prepaid expenses and deferred charges | $345 |
| Net Land, buildings, and equipment | $1,627,633 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | -$29,034 |
| Total assets | $4,004,364 |
| Accounts payable and accrued expenses | $135,936 |
| 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 | $1,406,410 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $23,061 |
| Total liabilities | $1,565,407 |
| Net assets without donor restrictions | $195,389 |
| Net assets with donor restrictions | $2,243,568 |
| 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 | $4,004,364 |
Grants Recieved
Over the last fiscal year, we have identified 4 grants that San Luis Valley Housing Coalition Inc has recieved totaling $28,407.
| Awarding Organization | Amount |
|---|---|
The Colorado Health Foundation Denver, CO PURPOSE: STRENGTHEN COMMUNITY HEALTH | $15,000 |
El Pomar Foundation Colorado Springs, CO PURPOSE: GENERAL OPERATING SUPPORT | $7,500 |
Enterprise Community Partners Inc Columbia, MD PURPOSE: COMMUNITY PRESERVATION AND DEVELOPMENT | $5,867 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $40 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Holland Foundation Omaha, NE | $123,768,571 | $4,108,665 |
Neighbor To Neighbor Inc Fort Collins, CO | $13,618,294 | $17,160,662 |
Central Oklahoma Habitat For Humanity Inc Oklahoma City, OK | $15,945,462 | $9,628,435 |
Tri-County Housing Inc Fowler, CO | $14,600,374 | $8,095,427 |
First Place Az Phoenix, AZ | $15,321,199 | $7,150,509 |
Community Action Human Resources Agency Eloy, AZ | $1,769,359 | $4,269,606 |
Elkhorn Valley Community Development Corporation Norfolk, NE | $12,960,627 | $4,413,796 |
Family Housing Advisory Services Inc Omaha, NE | $4,420,321 | $3,509,114 |
Homeward Bound Phoenix, AZ | $5,543,799 | $2,679,356 |
Habitat For Humanity International Inc Longmont, CO | $9,039,469 | $8,643,955 |
Salt Lake Neighborhood Housing Services Inc Salt Lake City, UT | $42,272,475 | $3,016,531 |
Hfho Real Estate Holdings Inc Omaha, NE | $4,308,408 | $2,447,749 |