Colver Development Corp: FY2022 Nonprofit Profile & 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% · $186K

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.

Questions for Colver Development Corp

Tap to ask. Colver Development Corp sees how many people are interested.

Your first name shows with your question. Colver Development Corp answers here, for everyone.

2 programs · $186K · in their own filed words · FY2022

01

Operation of hud subsidized housing for low income persons

Form 990 Part III, line 4, FY2022. The organization’s own words, as filed with the IRS. Find it at the IRS (EIN 25-1475966) · Dispute this line

$149Kprogram expense

02

Development of affordable housing projects.

Form 990 Part III, line 4, FY2022. The organization’s own words, as filed with the IRS. Find it at the IRS (EIN 25-1475966) · Dispute this line

$37Kprogram expense

By the numbers

The FY2022 990, line by line.

Download 990

from philanthropy.org

1The main four

Money inPt VIII

$138K

Ln 12

Fees for servicesLn 2g$75K

Gifts and grantsLn 1h$60K

Investment incomeLn 3$3K

Money outPt IX

$186K

Ln 25

Programscol B$186K

Owns and owesPt X

$206K

net assets · Ln 32

Cash and savingsLn 1–2$107K

Total assetsLn 16$331K

LiabilitiesLn 26$125K

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$60K

Government grantsLn 1e$60K

Fees for servicesLn 2g$75K

Investment incomeLn 3$3K

Gains on assetsLn 7−$1K

Total revenueLn 12$138K

Assets in detailPt X, end of year

CashLn 1$2K

SavingsLn 2$105K

Cash and savings togetherLn 1–2$107K

Land, buildings, equipmentLn 10c$76K

InvestmentsLn 11–13$140K

Intangible assetsLn 14$4K

Other assetsLn 15$5K

Total assetsLn 16$331K

LiabilitiesLn 26$125K

Net assetsLn 32$206K

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 FY22	End FY22
Cash and savingsLn 1–2	$111K	$107K
InvestmentsLn 11–13	$182K	$140K
Land, buildings, equipmentLn 10c	$82K	$76K
Total assetsLn 16	$385K	$331K
LiabilitiesLn 26	$123K	$125K
Net assetsLn 32	$261K	$206K

4Every line

Statement of functional expensesPt IX · every line

Line	Total	Programs	Management	Fundraising
Other salaries and wagesLn 7	$33K	$33K
Accounting feesLn 11c	$5K	$5K
Advertising and promotionLn 12	$47	$47
Office expensesLn 13	$5K	$5K
OccupancyLn 16	$99K	$99K
InterestLn 20	$140	$140
Depreciation, depletion and amortizationLn 22	$7K	$7K
Other expenses (24a–d)Ln 24	$37K	$37K
Total functional expensesLn 25	$186K	$186K	$0	$0

Filing history

Year	Money in	Money out	In minus out	Net assets	Download
FY2024 LatestFiled 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
FY2022 ViewingFiled 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 FY2022 990

Part I · Summary $138,143 revenue, 12 lines filed

I-8 Contributions and grantsPrior year $71,526$60,404

I-9 Program service revenuePrior year $38,367$74,812

I-10 Investment incomePrior year $14,997$2,927

I-11 Other revenue$0

I-12 Total revenuePrior year $124,890$138,143

I-13 Grants and similar amounts paid$0

I-14 Benefits paid to members$0

I-15 Salaries and benefitsPrior year $38,148$32,845

I-16a Professional fundraising fees$0

I-17 Other expensesPrior year $121,842$153,472

I-18 Total expensesPrior year $159,990$186,317

I-19 Revenue less expensesPrior year −$35,100−$48,174

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 $138,143 across 6 lines filed

VIII-1e Government grants$60,404

VIII-1h Total contributions, gifts and grants$60,404

VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $74,812$74,812

VIII-3 Investment incomeExcluded from tax $4,324$4,324

VIII-7 Net gain or loss on sales of assetsRelated to mission −$1,397−$1,397

VIII-12 Total revenueRelated to mission $73,415 · Excluded from tax $4,324$138,143

Part IX · Statement of functional expenses $186,317 across 8 lines filed

IX-7 Other salaries and wagesPrograms $32,845$32,845

IX-11c Accounting feesPrograms $5,323$5,323

IX-12 Advertising and promotionPrograms $47$47

IX-13 Office expensesPrograms $4,695$4,695

IX-16 OccupancyPrograms $99,393$99,393

IX-20 InterestPrograms $140$140

IX-22 Depreciation, depletion and amortizationPrograms $6,543$6,543

IX-24 Other expenses (24a–d)Programs $37,331$37,331

IX-25 Total functional expensesPrograms $186,317 · Management $0 · Fundraising $0$186,317

Part X · Balance sheet $331,104 assets, 14 lines filed

X-1 Cash, non-interest-bearingStart of year $12,569$2,191

X-2 Savings and temporary cash investmentsStart of year $98,207$104,782

X-10c Land, buildings and equipment, netStart of year $81,624$75,562

X-11 Publicly traded securitiesStart of year $182,164$139,579

X-14 Intangible assetsStart of year $4,534$4,053

X-15 Other assetsStart of year $5,559$4,937

X-16 Total assetsStart of year $384,657$331,104

X-17 Accounts payable and accrued expensesStart of year $15,915$18,165

X-23 Secured mortgages and notes payableStart of year $103,363$104,280

X-25 Other liabilitiesStart of year $3,949$2,425

X-26 Total liabilitiesStart of year $123,227$124,870

X-27 Net assets without donor restrictionsStart of year $261,430$206,234

X-32 Total net assets or fund balancesStart of year $261,430$206,234

X-33 Total liabilities and net assetsStart of year $384,657$331,104

Part XI · Reconciliation of net assets $206,234 net assets at year end

XI-1 Total revenue$138,143

XI-2 Total expenses$186,317

XI-3 Revenue less expenses−$48,174

XI-4 Net assets at start of year$261,430

XI-9 Other changes in net assets−$7,022

XI-10 Net assets at end of year$206,234

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

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

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. A filing can only be corrected by the organization filing an amended return with the IRS; the corrected information appears here at our next update.

We publish only information contained in the public IRS filing, and less than the filing contains. Our pages do not display home 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, contact the filing organization or the IRS directly.

Colver Development Corp FY2022 filing

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