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Denver Community Ventures

Tax-deductible

Denver, CO501(c)(3)HousingEIN 45-3714223Revenue $655K in FY2024

On file with the IRS1035 Osage Street, 80204-4206 · Denver, COTax-exempt since Oct 2013Publicly supported charity — 170(b)(1)(A)(vi)

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Promote self-sufficiency and independence for low and moderate income families and individuals.

501(c)(3) charity; gifts are tax-deductible.
59¢ of each $1 spent went to programs.
Run by 10 volunteers.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · People: Part I, lines 5–6

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
FY2024
latest Form 990
Looks good: the latest return is for FY2024, 2 tax years back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
4 of 5
filings with a surplus
Average surplus $108K a year · 25% of revenue · last 5 filings
Fine: a surplus in 4 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
59%
of spending
Worth a look: 59% of spending went to programs; under 65%.
Pt IX · Ln 25 · col B
Cash reserves
21 mo
of spending, in cash
Looks good: 20.8 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $30K
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$66K
6% of total assets
Looks good: liabilities are 6% of assets; 50% or less.
Pt X · Ln 26
Independent board members
8
of 10 voting members
Looks good: 8 of 10 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$655K
+66% vs prior year
Spent
$454K
To programs
59%
Net assets
$973K
By yearFY2020–FY2024
Revenue
$655K
FY2024▲ +66%
Tap a bar for its year
Revenue by fiscal year
FY2020$483K
FY2021$441K
FY2022$233K
FY2023$395K
FY2024$655K
Expenses
$454K
FY2024▲ +6%
Tap a bar for its year
Expenses by fiscal year
FY2020$346K
FY2021$274K
FY2022$161K
FY2023$428K
FY2024$454K
Net assets
$973K
FY2024▲ +26%
Tap a bar for its year
Net assets by fiscal year
FY2020$568K
FY2021$735K
FY2022$807K
FY2023$773K
FY2024$973K

From the FY2024 Form 990 · see the original

990 PDF Claim

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Oct 2013.

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

Where the money goes

59 cents of each dollar spent went to programs.

Program services 59% · $267K Management & general 30% · $138K Fundraising 11% · $49K

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

13 people listed on the 990.

Part VII, Section A · reportable compensation
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Michael Petrak
Member (term End 10/24)
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
See Denver Community Ventures 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 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aNo

Programs and updates

Helps low-income families and individuals become self-sufficient and independent.

Questions for Denver Community Ventures

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Provided by the organization

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1 program · $267K · in their own filed words · FY2024
01

Denver community ventures, dba friends of dha, secures essential funding to deliver services to residents in and around the denver housing authority's (dha's)affordable housing communities with a goal to move residentsto self-sufficiency by providing them with supportive services andresources that enhance their quality of LIFE.THIS…

$267Kprogram 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 · FY2025
Enterprise Community Partners INCFY2025$30K
Total grants receivedfrom 1 funder$30K

By the numbers

The FY2024 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$655K
Ln 12
Gifts and grantsLn 1h$517K
Fees for servicesLn 2g$149K
Investment incomeLn 3$4K
Money outPt IX
$454K
Ln 25
Programscol B$267K
Managementcol C$138K
Fundraisingcol D$49K
Owns and owesPt X
$973K
net assets · Ln 32
Cash and savingsLn 1–2$788K
Total assetsLn 16$1.0M
LiabilitiesLn 26$66K
PeoplePt VI, VII
13
listed · VII A
PaidVII A0
Voting boardVI 1a10
IndependentVI 1b8
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$517K
Government grantsLn 1e$55K
Fundraising eventsLn 1c$75K
Fees for servicesLn 2g$149K
Investment incomeLn 3$4K
Total revenueLn 12$655K
Assets in detailPt X, end of year
CashLn 1$698K
SavingsLn 2$89K
Cash and savings togetherLn 1–2$788K
InvestmentsLn 11–13$65K
Total assetsLn 16$1.0M
LiabilitiesLn 26$66K
Net assetsLn 32$973K
OperationsPt I, VI
EmployeesI 50
VolunteersI 610
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
LineStart FY24End FY24
Cash and savingsLn 1–2$901K$788K
InvestmentsLn 11–13$65K
Total assetsLn 16$935K$1.0M
LiabilitiesLn 26$163K$66K
Net assetsLn 32$773K$973K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Other salaries and wagesLn 7$242K$182K$60K
Management feesLn 11a$34K$34K
Accounting feesLn 11c$13K$13K
Advertising and promotionLn 12$147$147
Office expensesLn 13$14K$1K$13K
Information technologyLn 14$1K$1K
TravelLn 17$8K$284$7K
Conferences, conventions and meetingsLn 19$877$877
InterestLn 20$3K$3K
InsuranceLn 23$2K$2K
Other expenses (24a–d)Ln 24$125K$76K$49K
All other expensesLn 24e$10K$7K$3K
Total functional expensesLn 25$454K$267K$138K$49K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest Viewing $655K$454K$201K$973K 990 PDF
FY2023 $395K$428K−$34K$773K 990 PDF
FY2022 $233K$161K$71K$807K 990 PDF
FY2021 $441K$274K$167K$735K 990 PDF
FY2020 $483K$346K$138K$568K 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 FY2024 990 (6 parts)
Part I · Summary $654,622 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $303,200$516,932
I-9 Program service revenuePrior year $91,380$149,300
I-10 Investment incomePrior year $0$3,523
I-11 Other revenuePrior year $0−$15,133
I-12 Total revenuePrior year $394,580$654,622
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 $196,210$242,236
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $231,912$211,876
I-18 Total expensesPrior year $428,122$454,112
I-19 Revenue less expensesPrior year −$33,542$200,510
Part VI · Governance 8 of 10 board members independent, 3 to look at
VI-1a Voting members of the governing body10
VI-1b Independent voting members8
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 $654,622 across 9 lines filed
VIII-1a Federated campaigns$87,695
VIII-1c Fundraising events$74,919
VIII-1e Government grants$54,535
VIII-1f All other contributions, gifts and grants$299,783
VIII-1h Total contributions, gifts and grants$516,932
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $149,300$149,300
VIII-3 Investment incomeExcluded from tax $3,523$3,523
VIII-8 Net income from fundraising eventsExcluded from tax −$15,133−$15,133
VIII-12 Total revenueRelated to mission $149,300 · Unrelated business $0 · Excluded from tax −$11,610$654,622
Part IX · Statement of functional expenses $454,112 across 12 lines filed
IX-7 Other salaries and wagesPrograms $181,975 · Management $60,261$242,236
IX-11a Management feesManagement $33,548$33,548
IX-11c Accounting feesManagement $13,150$13,150
IX-12 Advertising and promotionManagement $147$147
IX-13 Office expensesPrograms $1,264 · Management $12,828$14,092
IX-14 Information technologyManagement $1,404$1,404
IX-17 TravelPrograms $284 · Management $7,464$7,748
IX-19 Conferences, conventions and meetingsManagement $877$877
IX-20 InterestManagement $2,991$2,991
IX-23 InsuranceManagement $2,308$2,308
IX-24 Other expenses (24a–d)Programs $76,315 · Fundraising $48,992$125,307
IX-24e All other expensesPrograms $7,327 · Management $2,977$10,304
IX-25 Total functional expensesPrograms $267,165 · Management $137,955 · Fundraising $48,992$454,112
Part X · Balance sheet $1,038,904 assets, 12 lines filed
X-1 Cash, non-interest-bearingStart of year $897,402$698,289
X-2 Savings and temporary cash investmentsStart of year $3,113$89,243
X-4 Accounts receivableStart of year $34,620$186,748
X-9 Prepaid expenses and deferred chargesStart of year $75$0
X-12 Other securities$64,624
X-16 Total assetsStart of year $935,210$1,038,904
X-17 Accounts payable and accrued expensesStart of year $162,692$65,968
X-26 Total liabilitiesStart of year $162,692$65,968
X-27 Net assets without donor restrictionsStart of year $748,988$817,015
X-28 Net assets with donor restrictionsStart of year $23,530$155,921
X-32 Total net assets or fund balancesStart of year $772,518$972,936
X-33 Total liabilities and net assetsStart of year $935,210$1,038,904
Part XI · Reconciliation of net assets $972,936 net assets at year end
XI-1 Total revenue$654,622
XI-2 Total expenses$454,112
XI-3 Revenue less expenses$200,510
XI-4 Net assets at start of year$772,518
XI-5 Net unrealized gains (losses) on investments−$92
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$972,936

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

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