Sabin Group INC FY2023 filing

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Enriching lives and minds through focusing on the strengths and well-being of individuals by developing and operating quality, affordable and supportive housing for denver residents with behavioral health needs.

501(c)(3) charity; gifts are tax-deductible.
98¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

Before you give

FY2023 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
The IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2025
latest Form 990
The latest return is for FY2025, 1 tax year back.
IRS e-file · Filing history
Surplus or deficit
0 of 6
filings with a surplus
Average deficit $186K a year · 24% of revenue · last 6 filings
A surplus in 0 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Spent on programs
98%
of spending
98% of spending went to programs.
Pt IX · Ln 25 · col B
11.4 mo
of spending, in cash
11.4 months of spending in cash.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$1.2M
25% of total assets
Liabilities are 25% of assets.
Pt X · Ln 26
Independent board members
5
of 8 voting members
5 of 8 voting members are independent.
Pt VI · Ln 1a–1b
Revenue
$716K
-13% vs prior year
Spent
$883K
To programs
98%
Net assets
$3.8M
By yearFY2020–FY2025
Revenue
$716K
FY2023▼ -13%
Tap a bar for its year
Revenue by fiscal year
FY2020$568K
FY2021$790K
FY2022$823K
FY2023$716K
FY2024$780K
FY2025$892K
Expenses
$883K
FY2023▼ -12%
Tap a bar for its year
Expenses by fiscal year
FY2020$912K
FY2021$961K
FY2022$1.0M
FY2023$883K
FY2024$917K
FY2025$1.0M
Net assets
$3.8M
FY2023▲ +335%
Tap a bar for its year
Net assets by fiscal year
FY2020$1.2M
FY2021$1.0M
FY2022$866K
FY2023$3.8M
FY2024$3.6M
FY2025$3.5M

From the FY2023 Form 990 (year ending June 2023) · figures checked against the IRS filing · see the original

You’re viewing the FY2023 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 Mar 2017.

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

Where the money goes

98 cents of each dollar spent went to programs.

Program services 98% · $863K Management & general 2% · $20K

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

9 people listed on the 990.

Part VII, Section A · reportable compensation · most recent filed roster (FY2022); the FY2023 filing did not itemize Part VII
Board President & CEO of Mhcd
$0Pt VII · Sec A
Board Treasurer & CFO of Mhcd
$0Pt VII · Sec A
& COO of Mhcd (thru 12/2022)
$0Pt VII · Sec A
& COO of Mhcd (start 02/2023)
$0Pt VII · Sec A
Board Chair (retired 12/2023)
$0Pt VII · Sec A
Board Director Sabin & Mhcd
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
See Sabin Group INC 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 2Yes
  • Top official's pay set by an independent reviewPt VI · Ln 15aNo

Programs and updates

Develops affordable housing for individuals with behavioral health challenges.

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1 program · $863K · in their own filed words · FY2022
01

The organization operates 7 affordable housing apartment buildings with a total of 123 units. The apartment buildings provide low-income housing for people disabled with behavioral health needs.

$863Kprogram expense

Funders

Who pays for it.

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

By the numbers

The FY2023 990, line by line.

1The main four
Money inPt VIII
$716K
Ln 12
Fees for servicesLn 2g$716K
Investment incomeLn 3$11
Money outPt IX
$883K
Ln 25
Programscol B$863K
Managementcol C$20K
Owns and owesPt X
$3.8M
net assets · Ln 32
Cash and savingsLn 1–2$838K
Total assetsLn 16$5.0M
LiabilitiesLn 26$1.2M
PeoplePt VI, VII
9
listed · VII A
PaidVII A0
Voting boardVI 1a8
IndependentVI 1b5
2In more detail
Revenue in detailPt VIII
Fees for servicesLn 2g$716K
Investment incomeLn 3$11
Gains on assetsLn 7$0
Total revenueLn 12$716K
Assets in detailPt X, end of year
CashLn 1$810K
SavingsLn 2$27K
Cash and savings togetherLn 1–2$838K
Accounts receivableLn 4$84K
Prepaid expenses and deferred chargesLn 9$10K
Land, buildings, equipmentLn 10c$4.1M
Total assetsLn 16$5.0M
LiabilitiesLn 26$1.2M
Net assetsLn 32$3.8M
OperationsPt I, VI
EmployeesI 50
VolunteersI 67
Fiscal year endsHeaderJune
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14No
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY23End FY23
Cash and savingsLn 1–2$581K$838K
InvestmentsLn 11–13$0$0
Land, buildings, equipmentLn 10c$2.0M$4.1M
Total assetsLn 16$2.6M$5.0M
LiabilitiesLn 26$1.8M$1.2M
Net assetsLn 32$866K$3.8M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$0
Grants to domestic individualsLn 2$0
Grants and assistance to foreign recipientsLn 3$0
Benefits paid to or for membersLn 4$0
Pay of officers and key staff (Part IX, line 5)Ln 5$0
Pay of disqualified personsLn 6$0
Other salaries and wagesLn 7$20K$20K
Pension plan contributionsLn 8$0
Other employee benefitsLn 9$0
Payroll taxesLn 10$0
Management feesLn 11a$222K$222K
Legal feesLn 11b$5K$5K
Accounting feesLn 11c$18K$18K
Lobbying feesLn 11d$0
Professional fundraising feesLn 11e$0$0
Investment management feesLn 11f$0
Other fees for servicesLn 11g$0
Advertising and promotionLn 12$0
Office expensesLn 13$2K$2K
Information technologyLn 14$0
RoyaltiesLn 15$0
OccupancyLn 16$244K$244K
TravelLn 17$0
Travel and entertainment for public officialsLn 18$0
Conferences, conventions and meetingsLn 19$0
InterestLn 20$0
Payments to affiliatesLn 21$0
Depreciation, depletion and amortizationLn 22$214K$214K
InsuranceLn 23$12K$12K
Other expenses (24a–d)Ln 24$146K$146K
Total functional expensesLn 25$883K$863K$20K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 LatestFiled with the IRS May 4, 2026 $892K$1.0M−$115K$3.5M 990 PDF
FY2024Filed with the IRS May 13, 2025 $780K$917K−$137K$3.6M 990 PDF
FY2023 ViewingFiled with the IRS May 8, 2024 $716K$883K−$166K$3.8M 990 PDF
FY2022Filed with the IRS May 15, 2023 $823K$1.0M−$181K$866K 990 PDF
FY2021Filed with the IRS Apr 20, 2022 $790K$961K−$171K$1.0M 990 PDF
FY2020Filed with the IRS May 3, 2021 $568K$912K−$344K$1.2M 990 PDF

Schedules filed Part IV

A · Public support I · Grants O · Explanations
See the full FY2023 990
Part I · Summary $716,479 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $0$0
I-9 Program service revenuePrior year $822,945$716,468
I-10 Investment incomePrior year $0$11
I-11 Other revenuePrior year $58$0
I-12 Total revenuePrior year $823,003$716,479
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 $18,856$20,036
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $985,233$862,590
I-18 Total expensesPrior year $1,004,089$882,626
I-19 Revenue less expensesPrior year −$181,086−$166,147
Part VI · Governance 5 of 8 board members independent, 3 to look at
VI-1a Voting members of the governing body8
VI-1b Independent voting members5
VI-2 Family or business relationship among officers or directorsYes
VI-14 Document retention and destruction policyNo
VI-15a Process for setting top official's payNo
VI-12a Written conflict of interest policyYes
VI-13 Written whistleblower policyYes
Part VIII · Statement of revenue $716,479 across 8 lines filed
VIII-1h Total contributions, gifts and grants$0
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $716,468$716,468
VIII-3 Investment incomeExcluded from tax $11$11
VIII-5 Royalties$0
VIII-6 Net rental income or loss$0
VIII-7 Net gain or loss on sales of assets$0
VIII-8 Net income from fundraising events$0
VIII-12 Total revenueRelated to mission $716,468 · Excluded from tax $11$716,479
Part IX · Statement of functional expenses $882,626 across 30 lines filed
IX-1 Grants to domestic organizations$0
IX-2 Grants to domestic individuals$0
IX-3 Grants and assistance to foreign recipients$0
IX-4 Benefits paid to or for members$0
IX-5 Pay of officers and key staff (Part IX, line 5)$0
IX-6 Pay of disqualified persons$0
IX-7 Other salaries and wagesPrograms $20,036$20,036
IX-8 Pension plan contributions$0
IX-9 Other employee benefits$0
IX-10 Payroll taxes$0
IX-11a Management feesPrograms $222,379$222,379
IX-11b Legal feesPrograms $5,485$5,485
IX-11c Accounting feesManagement $17,757$17,757
IX-11d Lobbying fees$0
IX-11e Professional fundraising feesFundraising $0$0
IX-11f Investment management fees$0
IX-12 Advertising and promotion$0
IX-13 Office expensesManagement $2,011$2,011
IX-14 Information technology$0
IX-15 Royalties$0
IX-16 OccupancyPrograms $243,785$243,785
IX-17 Travel$0
IX-18 Travel and entertainment for public officials$0
IX-19 Conferences, conventions and meetings$0
IX-20 Interest$0
IX-21 Payments to affiliates$0
IX-22 Depreciation, depletion and amortizationPrograms $213,761$213,761
IX-23 InsurancePrograms $11,883$11,883
IX-24 Other expenses (24a–d)Programs $145,529$145,529
IX-25 Total functional expensesPrograms $862,858 · Management $19,768 · Fundraising $0$882,626
Part X · Balance sheet $5,012,478 assets, 30 lines filed
X-1 Cash, non-interest-bearingStart of year $580,695$810,398
X-2 Savings and temporary cash investmentsStart of year $0$27,351
X-3 Pledges and grants receivableStart of year $0$0
X-4 Accounts receivableStart of year $61,229$84,137
X-5 Loans to officers and key peopleStart of year $0$0
X-6 Loans to other insidersStart of year $0$0
X-7 Notes and loans receivableStart of year $0$0
X-8 Inventories for sale or useStart of year $0$0
X-9 Prepaid expenses and deferred chargesStart of year $5,409$10,221
X-10c Land, buildings and equipment, netStart of year $1,985,377$4,080,371
X-11 Publicly traded securitiesStart of year $0$0
X-12 Other securitiesStart of year $0$0
X-13 Program-related investmentsStart of year $0$0
X-14 Intangible assetsStart of year $0$0
X-15 Other assetsStart of year $0$0
X-16 Total assetsStart of year $2,632,710$5,012,478
X-17 Accounts payable and accrued expensesStart of year $59,608$37,765
X-18 Grants payableStart of year $0$0
X-19 Deferred revenueStart of year $7,688$3,876
X-20 Tax-exempt bond liabilitiesStart of year $0$0
X-21 Escrow or custodial accountsStart of year $0$0
X-22 Loans from officers and insidersStart of year $0$0
X-23 Secured mortgages and notes payableStart of year $873,699$1,028,581
X-24 Unsecured notes and loans payableStart of year $0$0
X-25 Other liabilitiesStart of year $825,578$174,485
X-26 Total liabilitiesStart of year $1,766,573$1,244,707
X-27 Net assets without donor restrictionsStart of year $503,172$3,767,771
X-28 Net assets with donor restrictionsStart of year $362,965$0
X-32 Total net assets or fund balancesStart of year $866,137$3,767,771
X-33 Total liabilities and net assetsStart of year $2,632,710$5,012,478
Part XI · Reconciliation of net assets $3,767,771 net assets at year end
XI-1 Total revenue$716,479
XI-2 Total expenses$882,626
XI-3 Revenue less expenses−$166,147
XI-4 Net assets at start of year$866,137
XI-9 Other changes in net assets$3,067,781
XI-10 Net assets at end of year$3,767,771

Form 990 e-file (XML) FY2023 from the IRS · Classification, formation year and address from the IRS Business Master File

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