Atlantis Community Foundation
- Assets
- $21.9m
- Revenue
- $1.0m
- Investments
- $4.2m
- Employees
- 4
- Location
- Denver, CO
- Founding
- 10/1998
- Data as of
- 12/2023
- EIN
- 84-1454927
Organization Overview
Atlantis Community Foundation is located in Denver, CO. The organization was established in 1998. 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 12/2023, Atlantis Community Foundation employed 4 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Atlantis Community Foundation 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 12/2023, Atlantis Community Foundation generated $1.0m in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 1.9% each year. All expenses for the organization totaled $1.9m during the year ending 12/2023. While expenses have increased by 10.0% per year over the past 9 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 ASSIST INDIVIDUALS WITH DISABILITIES BY ENSURING THE AVAILABILITY OF INTEGRATED HOUSING.
Describe the Organization's Program Activity:
Part 3 - Line 4a
OPERATION OF RESIDENTIAL UNITS IN SIX LOCATIONS TO PROVIDE AFFORDABLE, ACCESSIBLE HOUSING TO PERSONS WITH DISABILITIES, AND LOW INCOME HOUSING TO OTHER INDIVIDUALS WHO QUALIFY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Lloyd Lewis Board Chair | OfficerTrustee | 8 | $0 |
Don W Carver Board Vice Chair | OfficerTrustee | 4 | $0 |
Bruce Stahlman Treasurer | OfficerTrustee | 4 | $0 |
Robin Glasener Secretary | OfficerTrustee | 4 | $0 |
Tim Mcentee Director | Trustee | 4 | $0 |
Mark Wilson Director | Trustee | 4 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $22,200 |
| All other contributions, gifts, grants, and similar amounts not included above | $70,500 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $92,700 |
| Total Program Service Revenue | $1,170,216 |
| Investment income | $42,690 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$269,572 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,039,553 |
| 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. | $125,833 |
| 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 | $148,500 |
| Fees for services: Legal | $4,329 |
| Fees for services: Accounting | $64,200 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $6,276 |
| Fees for services: Other | $13,222 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| 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 | $78,044 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $136,251 |
| Insurance | $124,023 |
| All other expenses | $0 |
| Total functional expenses | $1,944,640 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $170,779 |
| Savings and temporary cash investments | $1,067,596 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $46,268 |
| 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 | $64,029 |
| Net Land, buildings, and equipment | $2,326,771 |
| Investments—publicly traded securities | $1,117,339 |
| Investments—other securities | $4,249,987 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $12,873,089 |
| Total assets | $21,915,858 |
| Accounts payable and accrued expenses | $105,924 |
| Grants payable | $0 |
| Deferred revenue | $2,998 |
| 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 | $2,161,549 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $7,499,255 |
| Total liabilities | $9,769,726 |
| Net assets without donor restrictions | $12,146,132 |
| 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 | $21,915,858 |