Archway Housing & Services Inc
- Assets
- $10.5m
- Revenue
- $6.5m
- Investments
- $3.4m
- Employees
- 69
- Location
- Lakewood, CO
- Founding
- 05/1996
- Data as of
- 12/2021
- EIN
- 84-1335158
Organization Overview
Archway Housing & Services Inc is located in Lakewood, CO. The organization was established in 1996. According to its NTEE Classification (L20) the organization is classified as: Housing Development, Construction & Management, under the broad grouping of Housing & Shelter and related organizations. As of 12/2021, Archway Housing & Services Inc employed 69 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Archway Housing & Services 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, Archway Housing & Services Inc generated $6.5m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 22.4% each year . All expenses for the organization totaled $3.6m during the year ending 12/2021. While expenses have increased by 19.1% 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
TO PROVIDE SAFE, HABITABLE HOUSING FOR FAMILIES WITH LOW TO MODERATE INCOMES, INCLUDING HOMELESS FAMILIES, AND TO DEVELOP MIXED INCOME HOUSING TO HELP LOW INCOME FAMILIES IN THE TRANSITION TO SELF-SUFFICIENCY WHILE PROVIDING COMPREHENSIVE SUPPORTIVE SERVICES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDE AFFORDABLE HOUSING FOR LOW INCOME INDIVIDUALS AND OTHER RELATED SERVICES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Arnold S Corradino Executive Director | Officer | 20 | $208,587 |
Julianne Stern Director Of Real Estate | 0 | $133,500 | |
Robinson Lapp President | OfficerTrustee | 2 | $0 |
Jody Huntington Vice President | OfficerTrustee | 2 | $0 |
Lee Berg Director | Trustee | 2 | $0 |
Allyson Drayton Director | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $43,230 |
| All other contributions, gifts, grants, and similar amounts not included above | $592,197 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $635,427 |
| Total Program Service Revenue | $2,426,291 |
| Investment income | $461,195 |
| 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 | $6,524,549 |
| 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. | $122,413 |
| Compensation of current officers, directors, key employees. | $47,741 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $2,143,819 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $320,455 |
| Payroll taxes | $163,406 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $358,515 |
| 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 | $0 |
| Advertising and promotion | $53,313 |
| Office expenses | $311,112 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $3,034 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $4,080 |
| Insurance | $50,957 |
| All other expenses | $0 |
| Total functional expenses | $3,562,822 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $327,343 |
| Savings and temporary cash investments | $239,709 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $2,662,636 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $3,891,604 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $858 |
| Net Land, buildings, and equipment | $47,162 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $3,352,985 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $10,522,297 |
| Accounts payable and accrued expenses | $913,014 |
| 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 | $1,250,000 |
| Other liabilities | $0 |
| Total liabilities | $2,163,014 |
| Net assets without donor restrictions | $8,359,283 |
| 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 | $10,522,297 |
Grants Recieved
Over the last fiscal year, we have identified 8 grants that Archway Housing & Services Inc has recieved totaling $470,148.
| Awarding Organization | Amount |
|---|---|
Thdf Ii Inc Atlanta, GA PURPOSE: To assist local charities | $187,500 |
Caring For Denver Foundation Denver, CO PURPOSE: Community-Centered Solutions | $145,795 |
Rose Community Foundation Denver, CO PURPOSE: Essential Family And Supportive Services At Archway Communities | $50,000 |
Colorado Springs Health Foundation Colorado Springs, CO | | $38,000 |
Community First Foundation Arvada, CO PURPOSE: GENERAL PURPOSE | $18,464 |
Pikes Peak Community Foundation Colorado Springs, CO PURPOSE: HOUSING - AFFORDABLE | $15,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Brothers Redevelopment Inc Edgewater, CO | $28,566,111 | $21,890,998 |
Habitat For Humanity International Inc Omaha, NE | $36,900,454 | $19,457,975 |
Habitat For Humanity International Inc Tulsa, OK | $20,375,468 | $13,816,169 |
South Of Market Mercy Housing Denver, CO | $1,397,293 | $161,294 |
Mccalls Community Homes Inc Ada, OK | $3,788,949 | $9,810,630 |
Western Region Nonprofit Housing Corporation Salt Lake City, UT | $76,676,954 | $12,236,656 |
Habitat For Humanity Tucson Inc Tucson, AZ | $32,170,830 | $10,758,994 |
Habitat For Humanity International Inc Glenwood Springs, CO | $10,815,473 | $6,555,105 |
Utah Nonprofit Housing Corporation Salt Lake City, UT | $66,026,062 | $36,661,110 |
Mercy Housing South East Denver, CO | $32,176,710 | $9,687,514 |
Save The Family Foundation Of Arizona Mesa, AZ | $6,981,907 | $8,677,083 |
Pikes Peak Habitat For Humanity Inc Colorado Springs, CO | $13,774,284 | $6,271,945 |