philanthropy.org | 990 Resource | FAQ Verify yourself
Sign in

Roaring Fork Community Development Corporation FY2024 filing

Tax-deductible

Carbondale, CO501(c)(3)Since 2007Community DevelopmentEIN 06-1781093Revenue $384K in FY2024

On file with the IRSroaringforkcdc.orgPo Box 2026, 81623-5026 · Carbondale, COTax-exempt since Oct 2008Publicly supported — 509(a)(2)

Tell your story. Claim this org

Provide affordable housing to low income residents.

501(c)(3) charity; gifts are tax-deductible.
85¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

Before you give

FY2024 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2025
latest Form 990
Looks good: the latest return is for FY2025, 1 tax year back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
2 of 4
filings with a surplus
Average surplus $59K a year · 12% of revenue · last 4 filings
Worth a look: a surplus in 2 of the last 4 filings.
Pt I · Ln 19 · 4 filings
Spent on programs
85%
of spending
Looks good: 85% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Cash reserves
20 mo
of spending, in cash
Looks good: 20.2 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
3
named funders · $270K
Looks good: 3 funders name it on their filings; 3 or more.
Funders’ Sch. I, 990-PF
Liabilities
$2.2M
79% of total assets
Worth a look: liabilities are 79% of assets; over 65%.
Pt X · Ln 26
Independent board members
7
of 7 voting members
Looks good: 7 of 7 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$384K
-32% vs prior year
Spent
$230K
To programs
85%
Net assets
$583K
By yearFY2020–FY2025
Revenue
$384K
FY2024▼ -32%
Tap a bar for its year
Revenue by fiscal year
FY2020$228
FY2021$54K
FY2022$150K
FY2023$563K
FY2024$384K
FY2025$1.1M
Expenses
$230K
FY2024▼ -20%
Tap a bar for its year
Expenses by fiscal year
FY2020$15K
FY2021Not on file
FY2022Not on file
FY2023$288K
FY2024$230K
FY2025$1.3M
Net assets
$583K
FY2024▲ +32%
Tap a bar for its year
Net assets by fiscal year
FY2020−$14K
FY2021$29K
FY2022$166K
FY2023$442K
FY2024$583K
FY2025$403K

From the FY2024 Form 990 · figures checked against the IRS filing · see the original

Give Claim
You’re viewing the FY2024 filing — not the latest on file. See the latest (FY2025) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Oct 2008.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

85 cents of each dollar spent went to programs.

Program services 85% · $195K Management & general 15% · $35K

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

Something off? Claim to fix it

Who runs it and what they're paid

7 people listed on the 990.

Part VII, Section A · reportable compensation
$0Pt VII · Sec A
Andrew Kadlec
President
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Rob Pew
Member
$0Pt VII · Sec A
Sydney Schalit
Principal Officer
$0Pt VII · Sec A
Tiger Hudson
Treasurer
$0Pt VII · Sec A

Kelly McNicholas Kurry’s $50K as Member is at the 4th percentile of top reported officer pay among 2832 $1–10M community development nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.

See Roaring Fork Community Development Corporation executive salaries →

On this list? Claim this org

Something off? Claim to fix it

Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aNo

Programs and updates

Builds and manages affordable homes for low-income families.

Questions for Roaring Fork Community Development Corporation

Tap to ask. Roaring Fork Community Development Corporation sees how many people are interested.

Your first name shows with your question. Roaring Fork Community Development Corporation answers here, for everyone.

Provided by the organization

Know this org? Add your story

1 program · $195K · in their own filed words · FY2024
01

The RFCDC purchased the 3-Mile Mobile Home Community to secure affordable housing for 20 housing units for 100 residents. The next step is to move the project to a resident-owned community.

$195Kprogram expense

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · funders on record
Grants received · FY2024
Aspen Community FoundationFY2024$150K
Western Colorado Community Foundation INCFY2024$100K
ManausFY2024$20K
Total grants receivedfrom 3 funders$270K
See all 3 funders →

By the numbers

The FY2024 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$384K
Ln 12
Gifts and grantsLn 1h$418K
Investment incomeLn 3$4K
Money outPt IX
$230K
Ln 25
Programscol B$195K
Managementcol C$35K
Owns and owesPt X
$583K
net assets · Ln 32
Cash and savingsLn 1–2$388K
Total assetsLn 16$2.8M
LiabilitiesLn 26$2.2M
PeoplePt VI, VII
7
listed · VII A
PaidVII A0
Voting boardVI 1a7
IndependentVI 1b7
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$418K
Investment incomeLn 3$4K
Total revenueLn 12$384K
Assets in detailPt X, end of year
CashLn 1$388K
Cash and savings togetherLn 1–2$388K
Land, buildings, equipmentLn 10c$2.4M
Total assetsLn 16$2.8M
LiabilitiesLn 26$2.2M
Net assetsLn 32$583K
OperationsPt I, VI
EmployeesI 51
VolunteersI 60
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY24End FY24
Cash and savingsLn 1–2$249K$388K
Land, buildings, equipmentLn 10c$2.4M$2.4M
Total assetsLn 16$2.6M$2.8M
LiabilitiesLn 26$2.2M$2.2M
Net assetsLn 32$442K$583K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Other salaries and wagesLn 7$46K$44K$2K$0
Other employee benefitsLn 9$8K$8K$418$0
Payroll taxesLn 10$4K$3K$177$0
Legal feesLn 11b$17K$0$17K$0
Accounting feesLn 11c$2K$0$2K$0
Office expensesLn 13$866$0$866$0
TravelLn 17$2K$1K$78$0
InsuranceLn 23$4K$0$4K$0
All other expensesLn 24e$146K$139K$7K$0
Total functional expensesLn 25$230K$195K$35K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest $1.1M$1.3M−$180K$403K 990 PDF
FY2024 Viewing $384K$230K$154K$583K 990 PDF
FY2023 $563K$288K$275K$442K 990 PDF
FY2022 $150K$166K 990 PDF
FY2021 $54K$29K 990 PDF
FY2020 $228$15K−$14K−$14K 990 PDF

More to add? Claim this org

Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
See the full FY2024 990 (6 parts)
Part I · Summary $383,931 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $445,511$417,514
I-9 Program service revenuePrior year $4,804$0
I-10 Investment income$3,553
I-11 Other revenuePrior year $112,859−$37,136
I-12 Total revenuePrior year $563,174$383,931
I-13 Grants and similar amounts paid$0
I-14 Benefits paid to membersPrior year $2,150$0
I-15 Salaries and benefitsPrior year $65,893$58,190
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $219,654$171,925
I-18 Total expensesPrior year $287,697$230,115
I-19 Revenue less expensesPrior year $275,477$153,816
Part VI · Governance 7 of 7 board members independent, 1 to look at
VI-1a Voting members of the governing body7
VI-1b Independent voting members7
VI-15a Process for setting top official's payNo
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
VI-13 Written whistleblower policyYes
VI-14 Document retention and destruction policyYes
Part VIII · Statement of revenue $383,931 across 5 lines filed
VIII-1f All other contributions, gifts and grants$417,514
VIII-1h Total contributions, gifts and grants$417,514
VIII-3 Investment incomeUnrelated business $0 · Excluded from tax $0$3,553
VIII-6 Net rental income or lossRelated to mission −$37,136−$37,136
VIII-12 Total revenueRelated to mission −$33,583 · Unrelated business $0 · Excluded from tax $0$383,931
Part IX · Statement of functional expenses $230,115 across 9 lines filed
IX-7 Other salaries and wagesPrograms $43,993 · Management $2,315 · Fundraising $0$46,308
IX-9 Other employee benefitsPrograms $7,933 · Management $418 · Fundraising $0$8,351
IX-10 Payroll taxesPrograms $3,354 · Management $177 · Fundraising $0$3,531
IX-11b Legal feesPrograms $0 · Management $17,327 · Fundraising $0$17,327
IX-11c Accounting feesPrograms $0 · Management $2,000 · Fundraising $0$2,000
IX-13 Office expensesPrograms $0 · Management $866 · Fundraising $0$866
IX-17 TravelPrograms $1,474 · Management $78 · Fundraising $0$1,552
IX-23 InsurancePrograms $0 · Management $4,224 · Fundraising $0$4,224
IX-24e All other expensesPrograms $138,562 · Management $7,394 · Fundraising $0$145,956
IX-25 Total functional expensesPrograms $195,316 · Management $34,799 · Fundraising $0$230,115
Part X · Balance sheet $2,788,018 assets, 8 lines filed
X-1 Cash, non-interest-bearingStart of year $248,590$388,018
X-10c Land, buildings and equipment, netStart of year $2,400,000$2,400,000
X-16 Total assetsStart of year $2,648,590$2,788,018
X-24 Unsecured notes and loans payable$8,965
X-26 Total liabilitiesStart of year $2,206,936$2,204,965
X-27 Net assets without donor restrictionsStart of year $441,654$583,053
X-32 Total net assets or fund balancesStart of year $441,654$583,053
X-33 Total liabilities and net assetsStart of year $2,648,590$2,788,018
Part XI · Reconciliation of net assets $583,053 net assets at year end
XI-1 Total revenue$383,931
XI-2 Total expenses$230,115
XI-3 Revenue less expenses$153,816
XI-4 Net assets at start of year$441,654
XI-8 Prior period adjustments−$12,417
XI-10 Net assets at end of year$583,053

Form 990 e-file (XML) FY2024 from the IRS · Classification, formation year and address from the IRS Business Master File

Similar organizations you could support · Compare with another nonprofit

Names, privacy, and removal requests More

The names, titles, and compensation shown on this page are reproduced from IRS Form 990 filings, which are public records.

Philanthropy.org does not alter the content of those filings. All information appears exactly as reported by the filing organization for the tax year shown.

We publish only information contained in the public IRS filing — and less than the filing contains. Our profile pages do not display street addresses, telephone numbers, personal email addresses, or other personal contact information, even where the filing includes them.

Many people share the same name. A name shown on this page reflects only what one organization reported in one IRS filing for one tax year. It should not be interpreted as identifying any other individual with the same or a similar name.

If you are no longer affiliated with the organization, your name will generally stop appearing in future IRS filings once the organization no longer reports you. Pages for tax years in which you were reported remain published because those filings remain part of the public record.

Philanthropy.org does not alter or remove IRS filing records. Removing a page from this website would not remove the underlying IRS filing, which remains publicly available from the IRS and other publishers of the same information.

If you believe the IRS filing itself is inaccurate, corrections must be made by the filing organization or the IRS directly.

Your org? Add context

Made it to the end? Claim this org

All figures are derived from public IRS Form 990 filings and are presented without evaluation of any organization. philanthropy.org does not rate, score, or rank organizations, including the pay comparisons above.