Advance Inc
- Assets
- $1.3m
- Revenue
- $1.6m
- Investments
- $0.0
- Employees
- 8
- Location
- Denver, CO
- Founding
- Data as of
- 12/2023
- EIN
- 92-0913190
Organization Overview
Advance Inc is located in Denver, CO. According to its NTEE Classification (P20) the organization is classified as: Human Service Organizations, under the broad grouping of Human Services and related organizations. As of 12/2023, Advance Inc employed 8 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Advance Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
ADVANCE, INC. (THE ORGANIZATION") IS A NON-PROFIT, 501(C)(3) TAX EXEMPT ORGANIZATION, LOCATED IN DENVER, CO, WHOSE MISSION IS TO OFFER SERVICES TO AURORA, COLORADO ADULTS EXPERIENCING HOMELESSNESS BY CREATING A COMMUNITY THAT PROVIDES ALL THE HELP REQUIRED TO THOSE WILLING TO WORK TOWARD SELF-SUFFICIENCY; ANYONE WHO WANTS HELP GETS HELP. ADVANCE WILL BE A COMMUNITY OF INSPIRING INDIVIDUALS WHO BELIEVE IN THE INNATE CAPACITY FOR CHANGE, ACCEPTING BOTH POTENTIAL AND BROKENNESS AS PART OF HUMANITY. THE INDIVIDUALS SERVED WILL BE REFERRED TO AS COMMUNITY MEMBERS. THEY WILL PROVIDE EMERGENCY TRANSITIONAL HOUSING FOR ABOUT 50-75 PEOPLE AT ANY GIVEN TIME WITH THE GOAL OF SERVING OVER 250 PER YEAR.
Describe the Organization's Program Activity:
Part 3 - Line 4a
ADVANCE, INC. WORKS WITH HOMELESS ADULTS LIVING IN AURORA, CO WHO ARE COMMITTED TO SELF-SUFFICIENCY BY PROVIDING EMERGENCY TEMPORARY HOUSING AND WRAP AROUND SERVICES. THOSE WRAP AROUND SERVICES INCLUDE GUIDING PARTICIPANTS, WE CALL THEM COMMUNITY MEMBERS, TO RESOURCES THAT ENSURE THEY HAVE THE DOCUMENTATION, ACCESS TO PHYSICAL AND MENTAL HEALTH RESOURCES, JOB SKILL DEVELOPMENT, AND EMPLOYMENT THAT WILL LEAD TO INDEPENDENT MARKET RATE HOUSING. WHILE LIVING IN ONE OF OUR PROPERTIES, WE TEACH LIFE SKILLS AND SUPPORT THOS WITH ADDICTIVE BEHAVIORS IN OVERCOMING THE BARRIERS TO THEIR ABILITY TO ACQUIRE AND MAINTAIN STABLE EMPLOYMENT.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jim Goebelbecker Executive Dir. | Officer | 40 | $83,923 |
Owen Mcaleer Chairman | OfficerTrustee | 10 | $0 |
Paul Scudo Treasurer | OfficerTrustee | 2 | $0 |
Jeff Parker Secretary | OfficerTrustee | 2 | $0 |
Meghan Shay Director | Trustee | 1 | $0 |
Kelsey Nolan Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,559,321 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,559,321 |
| Total Program Service Revenue | $0 |
| Investment income | $8,777 |
| 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 | $1,568,098 |
| 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. | $90,487 |
| Compensation of current officers, directors, key employees. | $7,239 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $67,734 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $31,846 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $2,250 |
| Fees for services: Accounting | $4,409 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $42,000 |
| Advertising and promotion | $1,744 |
| Office expenses | $20,862 |
| Information technology | $6,488 |
| Royalties | $0 |
| Occupancy | $35,686 |
| Travel | $2,735 |
| 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 | $0 |
| Insurance | $836 |
| All other expenses | $0 |
| Total functional expenses | $402,936 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,138,152 |
| Savings and temporary cash investments | $81,070 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| 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 | $22,040 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $57,720 |
| Total assets | $1,298,982 |
| Accounts payable and accrued expenses | $24,619 |
| 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 | $59,201 |
| Total liabilities | $83,820 |
| Net assets without donor restrictions | $1,027,803 |
| Net assets with donor restrictions | $187,359 |
| 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 | $1,298,982 |