We Fortify
- Assets
- $1.5m
- Revenue
- $809.9k
- Investments
- $0.0
- Employees
- 3
- Location
- Colorado Springs, CO
- Founding
- 12/2019
- Data as of
- 12/2022
- EIN
- 84-3045036
Organization Overview
We Fortify is located in Colorado Springs, CO. The organization was established in 2019. 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 12/2022, We Fortify employed 3 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. We Fortify 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, We Fortify generated $809.9k in total revenue. This organization has experienced exceptional growth, as over the past 3 years, it has increased revenue by an average of 68.6% each year . All expenses for the organization totaled $323.4k during the year ending 12/2022. 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 LOW COST HOUSING FOR YOUNG INDIVIDUALS WHO ARE AT RISK OF HOMELESSNESS, AND ASSIST THEM IN DEVELOPING THE NECESSARY SKILLS TO BE INDEPENDENT.
Describe the Organization's Program Activity:
Part 3 - Line 4a
WE FORTIFY'S WORKING FUSION AT MILL STREET EXISTS TO PIVOT YOUNG ADULTS OUT OF POVERTY INTO A STATE OF ECONOMIC AND EMOTIONAL STABILITY AND SOCIAL CONNECTEDNESS. THIS VILLAGE AND PROGRAM IS A FIRST-OF-ITS-KIND HOUSING INITIATIVE IN COLORADO SPRINGS DEDICATED TO BREAKING THE CYCLE OF GENERATIONAL POVERTY AND HOMELESSNESS. CONTINUED ON SCH O
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
James Mcmurray Secretary | OfficerTrustee | 1 | $0 |
Jordan Empey Board Member | OfficerTrustee | 1 | $0 |
John Olson Board Chair | OfficerTrustee | 1 | $0 |
Jill Gaebler Treasurer | OfficerTrustee | 1 | $0 |
Mark Anthony Barrionuevo Co-Director Of Legal Affairs | OfficerTrustee | 1 | $0 |
Ryan Klein Co-Director Of Legal Affairs | OfficerTrustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $32,500 |
| All other contributions, gifts, grants, and similar amounts not included above | $745,752 |
| Noncash contributions included in lines 1a–1f | $2,100 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $778,252 |
| Total Program Service Revenue | $0 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $28,915 |
| 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 | $809,881 |
| 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 | $65,040 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $4,976 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $12,528 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $11,936 |
| Advertising and promotion | $24,724 |
| Office expenses | $610 |
| Information technology | $7,608 |
| Royalties | $0 |
| Occupancy | $30,240 |
| Travel | $30 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $376 |
| Conferences, conventions, and meetings | $560 |
| Interest | $1,266 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $70,264 |
| Insurance | $10,380 |
| All other expenses | $29,580 |
| Total functional expenses | $323,410 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $141,905 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $28,460 |
| 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 | $0 |
| Net Land, buildings, and equipment | $1,291,302 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,461,667 |
| Accounts payable and accrued expenses | $8,956 |
| 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 | $0 |
| Other liabilities | $0 |
| Total liabilities | $8,956 |
| Net assets without donor restrictions | $0 |
| 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 | $186 |
| Retained earnings, endowment, accumulated income, or other funds | $1,452,525 |
| Total liabilities and net assets/fund balances | $1,461,667 |