Las Animas Housing Development Corp FY2023 filing

Tax-deductible

Las Animas, CO501(c)(3)EIN 84-0679976Revenue $97K in FY2023

On file with the IRS231 Locust Ave, 81054-1170 · Las Animas, COTax-exempt since Oct 1981Publicly supported — 509(a)(2)

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Provide safe, clean and affordable Housing to low income elderly people

501(c)(3) charity; gifts are tax-deductible.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78

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FY2023 · 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
2 of 5
filings with a surplus
Average deficit $8K a year · 7% of revenue · last 5 filings
Concern: a surplus in 2 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
0%
of spending
Concern: 0% of spending went to programs; under 50%.
Pt IX · Ln 25 · col B
Cash reserves
20 mo
of spending, in cash
Looks good: 19.5 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$65K
19% of total assets
Looks good: liabilities are 19% of assets; 50% or less.
Pt X · Ln 26
Independent board members
6
of 6 voting members
Looks good: 6 of 6 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$97K
+41% vs prior year
Spent
$115K
To programs
0%
Net assets
$279K
By yearFY2020–FY2024
Revenue
$97K
FY2023▲ +41%
Tap a bar for its year
Revenue by fiscal year
FY2020$106K
FY2021$103K
FY2022$69K
FY2023$97K
FY2024$135K
Expenses
$115K
FY2023▲ +8%
Tap a bar for its year
Expenses by fiscal year
FY2020$114K
FY2021$97K
FY2022$106K
FY2023$115K
FY2024$117K
Net assets
$279K
FY2023▲ +3%
Tap a bar for its year
Net assets by fiscal year
FY2020$301K
FY2021$307K
FY2022$270K
FY2023$279K
FY2024$297K

From the FY2023 Form 990 · see the original

990 PDF Claim
You’re viewing the FY2023 filing — not the latest on file. See the latest (FY2024) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Oct 1981.

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

Where the money goes

What each dollar paid for.

Management & general 100% · $115K

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

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Who runs it and what they're paid

7 people listed on the 990.

Part VII, Section A · reportable compensation
Director
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Executive Director
$0Pt VII · Sec A
See Las Animas Housing Development Corp 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

Offers safe, clean, and affordable housing for low-income seniors.

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Provided by the organization

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1 program · in their own filed words · FY2023
01

The organization operates 28 housing units for low income and elderly people.

Pt IX · col B

By the numbers

The FY2023 990, line by line.

1The main four
Money inPt VIII
$97K
Ln 12
Gifts and grantsLn 1h$139K
Investment incomeLn 3$2K
Money outPt IX
$115K
Ln 25
Managementcol C$115K
Owns and owesPt X
$279K
net assets · Ln 32
Cash and savingsLn 1–2$186K
Total assetsLn 16$344K
LiabilitiesLn 26$65K
PeoplePt VI, VII
7
listed · VII A
PaidVII A0
Voting boardVI 1a6
IndependentVI 1b6
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$139K
Government grantsLn 1e$139K
Investment incomeLn 3$2K
Total revenueLn 12$97K
Assets in detailPt X, end of year
CashLn 1$139K
SavingsLn 2$47K
Cash and savings togetherLn 1–2$186K
Land, buildings, equipmentLn 10c$155K
Total assetsLn 16$344K
LiabilitiesLn 26$65K
Net assetsLn 32$279K
OperationsPt I, VI
EmployeesI 50
VolunteersI 62
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aNo
Whistleblower policyVI 13No
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$196K$186K
Land, buildings, equipmentLn 10c$174K$155K
Total assetsLn 16$370K$344K
LiabilitiesLn 26$74K$65K
Net assetsLn 32$296K$279K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Management feesLn 11a$96K$96K
Accounting feesLn 11c$8K$8K
Office expensesLn 13$9K$9K
Other expenses (24a–d)Ln 24$2K$2K
Total functional expensesLn 25$115K$0$115K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest $135K$117K$18K$297K 990 PDF
FY2023 Viewing $97K$115K−$18K$279K 990 PDF
FY2022 $69K$106K−$37K$270K 990 PDF
FY2021 $103K$97K$6K$307K 990 PDF
FY2020 $106K$114K−$8K$301K 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 FY2023 990 (6 parts)
Part I · Summary $97,063 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $120,170$139,316
I-9 Program service revenue$0
I-10 Investment incomePrior year $1,933$2,059
I-11 Other revenuePrior year −$53,294−$44,312
I-12 Total revenuePrior year $68,809$97,063
I-13 Grants and similar amounts paid$0
I-14 Benefits paid to members$0
I-15 Salaries and benefits$0
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $105,927$114,828
I-18 Total expensesPrior year $105,927$114,828
I-19 Revenue less expensesPrior year −$37,118−$17,765
Part VI · Governance 6 of 6 board members independent, 4 to look at
VI-1a Voting members of the governing body6
VI-1b Independent voting members6
VI-12a Written conflict of interest policyNo
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
Part VIII · Statement of revenue $97,063 across 6 lines filed
VIII-1e Government grants$139,316
VIII-1h Total contributions, gifts and grants$139,316
VIII-3 Investment incomeRelated to mission $2,059$2,059
VIII-6 Net rental income or lossRelated to mission −$93,263−$93,263
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $48,951$48,951
VIII-12 Total revenueRelated to mission −$42,253 · Unrelated business $0 · Excluded from tax $0$97,063
Part IX · Statement of functional expenses $114,828 across 4 lines filed
IX-11a Management feesManagement $96,431$96,431
IX-11c Accounting feesManagement $8,202$8,202
IX-13 Office expensesManagement $8,652$8,652
IX-24 Other expenses (24a–d)Management $1,543$1,543
IX-25 Total functional expensesPrograms $0 · Management $114,828 · Fundraising $0$114,828
Part X · Balance sheet $344,161 assets, 11 lines filed
X-1 Cash, non-interest-bearingStart of year $149,210$139,139
X-2 Savings and temporary cash investmentsStart of year $47,011$47,011
X-4 Accounts receivable$2,588
X-10c Land, buildings and equipment, netStart of year $174,163$155,423
X-16 Total assetsStart of year $370,384$344,161
X-17 Accounts payable and accrued expensesStart of year $21,617$11,262
X-25 Other liabilitiesStart of year $7,074$11,761
X-26 Total liabilitiesStart of year $73,938$65,480
X-27 Net assets without donor restrictionsStart of year $296,446$278,681
X-32 Total net assets or fund balancesStart of year $296,446$278,681
X-33 Total liabilities and net assetsStart of year $370,384$344,161
Part XI · Reconciliation of net assets $278,681 net assets at year end
XI-1 Total revenue$97,063
XI-2 Total expenses$114,828
XI-3 Revenue less expenses−$17,765
XI-4 Net assets at start of year$296,446
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$278,681

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

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