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Developmental Pathways Housing Corp III FY2022 filing

Englewood, COUnknown exempt organizationEIN 20-4236443Revenue $114K in FY2022

On file with the IRS325 Inverness Drive South · Englewood, CO

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To provide developmentally disabled adults with a Housing facility.

87¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Programs: Part IX

Before you give

FY2022 · Form 990Independent: from IRS data, not the org
Download 990
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
1 of 6
filings with a surplus
Average deficit $389K a year · last 6 filings
Concern: a surplus in 1 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Spent on programs
87%
of spending
Looks good: 87% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Cash reserves
2 mo
of spending, in cash
Fine: 2.1 months of spending in cash; 1 to 3.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$44K
2% of total assets
Looks good: liabilities are 2% of assets; 50% or less.
Pt X · Ln 26
Independent board members
4
of 4 voting members
Looks good: 4 of 4 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$114K
-23% vs prior year
Spent
$165K
To programs
87%
Net assets
$2.2M
By yearFY2020–FY2025
Revenue
$114K
FY2022▼ -23%
Tap a bar for its year
Revenue by fiscal year
FY2020$129K
FY2021$148K
FY2022$114K
FY2023−$3.8M
FY2024−$92K
FY2025$2.2M
Expenses
$165K
FY2022▼ -7%
Tap a bar for its year
Expenses by fiscal year
FY2020$175K
FY2021$178K
FY2022$165K
FY2023$138K
FY2024$75K
FY2025$314K
Net assets
$2.2M
FY2022▼ -2%
Tap a bar for its year
Net assets by fiscal year
FY2020$2.3M
FY2021$2.3M
FY2022$2.2M
FY2023−$1.7M
FY2024−$1.9M
FY2025$0

From the FY2022 Form 990 (year ending June 2022) · figures checked against the IRS filing · see the original

Form 990 (PDF) Claim
You’re viewing the FY2022 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 Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

87 cents of each dollar spent went to programs.

Program services 87% · $144K Management & general 13% · $21K

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

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Who runs it and what they're paid

6 people listed on the 990.

Part VII, Section A · reportable compensation · most recent filed roster (FY2021); the FY2022 filing did not itemize Part VII
Larry Olsen
President
$0Pt VII · Sec A
Lesa Stellke
Vice President
$0Pt VII · Sec A
Tim Moore
Secretary
$0Pt VII · Sec A
$0Pt VII · Sec A
Matthew Vanauken
Chief Executive Officer
$0Pt VII · Sec A
Karen Flores
Chief Financial Officer
$0Pt VII · Sec A
See Developmental Pathways Housing Corp III executive salaries →

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Questions the 990 asks

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

  • Family or business ties among officersPt VI · Ln 2Yes
  • Top official's pay set by an independent reviewPt VI · Ln 15aNo

Programs and updates

Offers housing for adults with developmental disabilities.

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Provided by the organization

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1 program · $144K · in their own filed words · FY2021
01

Operation of residential facilities for developmentally disabled adults under section 811 of the national housing act.

$144Kprogram expense

Funders

Who pays for it.

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

Grants

Schedule I · this organization's grantmaking
Grants paid · 1 grant · $98K · 2024–2024
US Department of Housing and Urban DevelopmentFY2024$97,610

By the numbers

The FY2022 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$114K
Ln 12
Fees for servicesLn 2g$114K
Investment incomeLn 3$214
Money outPt IX
$165K
Ln 25
Programscol B$144K
Managementcol C$21K
Owns and owesPt X
$2.2M
net assets · Ln 32
Cash and savingsLn 1–2$29K
Total assetsLn 16$2.3M
LiabilitiesLn 26$44K
PeoplePt VI, VII
6
listed · VII A
PaidVII A0
Voting boardVI 1a4
IndependentVI 1b4
2In more detail
Revenue in detailPt VIII
Fees for servicesLn 2g$114K
Investment incomeLn 3$214
Total revenueLn 12$114K
Assets in detailPt X, end of year
SavingsLn 2$29K
Cash and savings togetherLn 1–2$29K
Land, buildings, equipmentLn 10c$2.0M
Other assetsLn 15$238K
Total assetsLn 16$2.3M
LiabilitiesLn 26$44K
Net assetsLn 32$2.2M
OperationsPt I, VI
EmployeesI 50
VolunteersI 64
Fiscal year endsHeaderJune
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 FY22End FY22
Cash and savingsLn 1–2$44K$29K
Land, buildings, equipmentLn 10c$2.1M$2.0M
Total assetsLn 16$2.3M$2.3M
LiabilitiesLn 26$45K$44K
Net assetsLn 32$2.3M$2.2M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Management feesLn 11a$8K$8K
Accounting feesLn 11c$14K$14K
Other fees for servicesLn 11g$33K$33K
OccupancyLn 16$26K$26K
Depreciation, depletion and amortizationLn 22$71K$71K
Other expenses (24a–d)Ln 24$14K$14K
Total functional expensesLn 25$165K$144K$21K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest $2.2M$314K$1.9M$0 990 PDF
FY2024 −$92K$75K−$167K−$1.9M 990 PDF
FY2023 −$3.8M$138K−$3.9M−$1.7M 990 PDF
FY2022 Viewing $114K$165K−$51K$2.2M 990 PDF
FY2021 $148K$178K−$29K$2.3M 990 PDF
FY2020 $129K$175K−$46K$2.3M 990 PDF

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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 FY2022 990 (6 parts)
Part I · Summary $114,291 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $0$0
I-9 Program service revenuePrior year $148,067$114,077
I-10 Investment incomePrior year $202$214
I-11 Other revenuePrior year $0$0
I-12 Total revenuePrior year $148,269$114,291
I-13 Grants and similar amounts paidPrior year $0$0
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $0$0
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $177,509$165,333
I-18 Total expensesPrior year $177,509$165,333
I-19 Revenue less expensesPrior year −$29,240−$51,042
Part VI · Governance 4 of 4 board members independent, 2 to look at
VI-1a Voting members of the governing body4
VI-1b Independent voting members4
VI-2 Family or business relationship among officers or directorsYes
VI-15a Process for setting top official's payNo
VI-12a Written conflict of interest policyYes
VI-13 Written whistleblower policyYes
VI-14 Document retention and destruction policyYes
Part VIII · Statement of revenue $114,291 across 3 lines filed
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $114,077$114,077
VIII-3 Investment incomeExcluded from tax $214$214
VIII-12 Total revenueRelated to mission $114,077 · Unrelated business $0 · Excluded from tax $214$114,291
Part IX · Statement of functional expenses $165,333 across 6 lines filed
IX-11a Management feesManagement $7,783$7,783
IX-11c Accounting feesManagement $13,625$13,625
IX-11g Other fees for servicesPrograms $33,148$33,148
IX-16 OccupancyPrograms $25,552$25,552
IX-22 Depreciation, depletion and amortizationPrograms $71,315$71,315
IX-24 Other expenses (24a–d)Programs $13,910$13,910
IX-25 Total functional expensesPrograms $143,925 · Management $21,408 · Fundraising $0$165,333
Part X · Balance sheet $2,250,707 assets, 12 lines filed
X-2 Savings and temporary cash investmentsStart of year $44,075$29,478
X-4 Accounts receivableStart of year $102$0
X-9 Prepaid expenses and deferred chargesStart of year $1,003$990
X-10c Land, buildings and equipment, netStart of year $2,053,587$1,982,272
X-15 Other assetsStart of year $203,399$237,967
X-16 Total assetsStart of year $2,302,166$2,250,707
X-17 Accounts payable and accrued expensesStart of year $2,276$3,886
X-25 Other liabilitiesStart of year $42,483$40,456
X-26 Total liabilitiesStart of year $44,759$44,342
X-27 Net assets without donor restrictionsStart of year $2,257,407$2,206,365
X-32 Total net assets or fund balancesStart of year $2,257,407$2,206,365
X-33 Total liabilities and net assetsStart of year $2,302,166$2,250,707
Part XI · Reconciliation of net assets $2,206,365 net assets at year end
XI-1 Total revenue$114,291
XI-2 Total expenses$165,333
XI-3 Revenue less expenses−$51,042
XI-4 Net assets at start of year$2,257,407
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$2,206,365

Form 990 e-file (XML) FY2022 from the IRS · Classification, formation year and address from the IRS Business Master File

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