Colver Development Corp: Nonprofit Profile, Financials & Form 990 (EIN 25-1475966)

Revenue by fiscal year
FY2020	$124K
FY2021	$125K
FY2022	$138K
FY2023	$147K
FY2024	$149K

Expenses by fiscal year
FY2020	$154K
FY2021	$160K
FY2022	$186K
FY2023	$160K
FY2024	$183K

Net assets by fiscal year
FY2020	$276K
FY2021	$261K
FY2022	$206K
FY2023	$200K
FY2024	$172K

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Jul 2010.

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

Where the money goes

100 cents of each dollar spent went to programs.

100%

Program services 100% · $183K

Form 990 Part IX, line 25. Every line is in By the numbers.

Something off? Claim to add context

Who runs it and what they're paid

5 people listed on the 990.

Part VII, Section A · reportable compensation

Charles Contres

Secretary

$0Pt VII · Sec A

David Lasota

Director

$0Pt VII · Sec A

Greg Nagle

President

$0Pt VII · Sec A

Deacon Ann Staples

Director

$0Pt VII · Sec A

David Wojcik

Director

$0Pt VII · Sec A

See Colver Development Corp executive salaries →

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

Provides subsidized housing for low-income individuals and families.

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2 programs · $183K · in their own filed words · FY2024

01

Operation of hud subsidized housing for low income persons

Form 990 Part III, line 4, FY2024. The organization’s own words, as filed with the IRS. Find it at the IRS (EIN 25-1475966) · Dispute this line

$175Kprogram expense

02

Development of affordable housing projects.

Form 990 Part III, line 4, FY2024. The organization’s own words, as filed with the IRS. Find it at the IRS (EIN 25-1475966) · Dispute this line

$8Kprogram expense

By the numbers

The FY2024 990, line by line.

Download 990

from philanthropy.org

1The main four

Money inPt VIII

$149K

Ln 12

Gifts and grantsLn 1h$83K

Fees for servicesLn 2g$48K

Investment incomeLn 3$18K

Money outPt IX

$183K

Ln 25

Programscol B$183K

Owns and owesPt X

$172K

net assets · Ln 32

Cash and savingsLn 1–2$128K

Total assetsLn 16$307K

LiabilitiesLn 26$135K

PeoplePt VI, VII

5

listed · VII A

PaidVII A0

Voting boardVI 1a5

IndependentVI 1b5

2In more detail

Revenue in detailPt VIII

Gifts and grantsLn 1h$83K

Government grantsLn 1e$83K

Fees for servicesLn 2g$48K

Investment incomeLn 3$18K

Gains on assetsLn 7$9K

Total revenueLn 12$149K

Assets in detailPt X, end of year

CashLn 1$6K

SavingsLn 2$122K

Cash and savings togetherLn 1–2$128K

Land, buildings, equipmentLn 10c$87K

InvestmentsLn 11–13$81K

Intangible assetsLn 14$3K

Other assetsLn 15$7K

Total assetsLn 16$307K

LiabilitiesLn 26$135K

Net assetsLn 32$172K

OperationsPt I, VI

EmployeesI 50

Fiscal year endsHeaderDecember

Conflict-of-interest policyVI 12aYes

Whistleblower policyVI 13No

Records policyVI 14No

3Year over year

Balance sheet, start vs end of yearPt X · col A, B

Line	Start FY24	End FY24
Cash and savingsLn 1–2	$125K	$128K
InvestmentsLn 11–13	$117K	$81K
Land, buildings, equipmentLn 10c	$70K	$87K
Total assetsLn 16	$322K	$307K
LiabilitiesLn 26	$122K	$135K
Net assetsLn 32	$200K	$172K

4Every line

Statement of functional expensesPt IX · every line

Line	Total	Programs	Management	Fundraising
Other salaries and wagesLn 7	$39K	$39K
Accounting feesLn 11c	$6K	$6K
Office expensesLn 13	$9K	$9K
OccupancyLn 16	$92K	$92K
Conferences, conventions and meetingsLn 19	$228	$228
InterestLn 20	$927	$927
Depreciation, depletion and amortizationLn 22	$7K	$7K
Other expenses (24a–d)Ln 24	$29K	$29K
Total functional expensesLn 25	$183K	$183K	$0	$0

Filing history

Year	Money in	Money out	In minus out	Net assets	Download
FY2024 Latest ViewingFiled with the IRS Oct 28, 2025	$149K	$183K	−$34K	$172K	990 PDF
FY2023Filed with the IRS Nov 15, 2024	$147K	$160K	−$13K	$200K	990 PDF
FY2022Filed with the IRS Nov 14, 2023	$138K	$186K	−$48K	$206K	990 PDF
FY2021Filed with the IRS Nov 8, 2022	$125K	$160K	−$35K	$261K	990 PDF
FY2020Filed with the IRS Jul 20, 2021	$124K	$154K	−$30K	$276K	990 PDF

Schedules filed Part IV

A · Public support I · Grants O · Explanations

See the full FY2024 990

Part I · Summary $149,087 revenue, 12 lines filed

I-8 Contributions and grantsPrior year $66,782$83,194

I-9 Program service revenuePrior year $74,349$48,190

I-10 Investment incomePrior year $6,094$17,703

I-11 Other revenue$0

I-12 Total revenuePrior year $147,225$149,087

I-13 Grants and similar amounts paid$0

I-14 Benefits paid to members$0

I-15 Salaries and benefitsPrior year $30,888$39,149

I-16a Professional fundraising fees$0

I-17 Other expensesPrior year $129,528$144,147

I-18 Total expensesPrior year $160,416$183,296

I-19 Revenue less expensesPrior year −$13,191−$34,209

Part VI · Governance 5 of 5 board members independent, 3 to look at

VI-1a Voting members of the governing body5

VI-1b Independent voting members5

VI-13 Written whistleblower policyNo

VI-14 Document retention and destruction policyNo

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

Part VIII · Statement of revenue $149,087 across 6 lines filed

VIII-1e Government grants$83,194

VIII-1h Total contributions, gifts and grants$83,194

VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $48,190$48,190

VIII-3 Investment incomeExcluded from tax $8,531$8,531

VIII-7 Net gain or loss on sales of assetsRelated to mission $9,172$9,172

VIII-12 Total revenueRelated to mission $57,362 · Excluded from tax $8,531$149,087

Part IX · Statement of functional expenses $183,296 across 8 lines filed

IX-7 Other salaries and wagesPrograms $39,149$39,149

IX-11c Accounting feesPrograms $5,967$5,967

IX-13 Office expensesPrograms $8,986$8,986

IX-16 OccupancyPrograms $92,122$92,122

IX-19 Conferences, conventions and meetingsPrograms $228$228

IX-20 InterestPrograms $927$927

IX-22 Depreciation, depletion and amortizationPrograms $6,830$6,830

IX-24 Other expenses (24a–d)Programs $29,087$29,087

IX-25 Total functional expensesPrograms $183,296 · Management $0 · Fundraising $0$183,296

Part X · Balance sheet $306,858 assets, 14 lines filed

X-1 Cash, non-interest-bearingStart of year $13,050$6,104

X-2 Savings and temporary cash investmentsStart of year $111,822$121,874

X-10c Land, buildings and equipment, netStart of year $69,700$87,007

X-11 Publicly traded securitiesStart of year $117,147$81,334

X-14 Intangible assetsStart of year $3,572$3,090

X-15 Other assetsStart of year $6,886$7,449

X-16 Total assetsStart of year $322,177$306,858

X-17 Accounts payable and accrued expensesStart of year $12,643$24,130

X-23 Secured mortgages and notes payableStart of year $105,198$106,115

X-25 Other liabilitiesStart of year $4,184$4,747

X-26 Total liabilitiesStart of year $122,025$134,992

X-27 Net assets without donor restrictionsStart of year $200,152$171,866

X-32 Total net assets or fund balancesStart of year $200,152$171,866

X-33 Total liabilities and net assetsStart of year $322,177$306,858

Part XI · Reconciliation of net assets $171,866 net assets at year end

XI-1 Total revenue$149,087

XI-2 Total expenses$183,296

XI-3 Revenue less expenses−$34,209

XI-4 Net assets at start of year$200,152

XI-9 Other changes in net assets$5,923

XI-10 Net assets at end of year$171,866

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

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Colver Development Corp

Before you give

Is it real?

Where the money goes

Who runs it and what they're paid

Questions the 990 asks

Programs and updates

Questions for Colver Development Corp

By the numbers

Filing history

Schedules filed Part IV