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Kappa Housing Incorporated

Tax-deductible

Denver, CO501(c)(3)EIN 84-0849407Revenue $495K in FY2025

On file with the IRS9020 E Northfield Blvd, 80238-4292 · Denver, COTax-exempt since Sep 1981Publicly supported charity — 170(b)(1)(A)(vi)

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Kappa Housing Incorporated mission is to provide affordable Housing for seniors in the denver metropolitan area.

501(c)(3) charity; gifts are tax-deductible.
100¢ of each $1 spent went to programs.
Run by 11 volunteers.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · People: Part I, lines 5–6

Before you give

FY2025 · 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
FY2025
latest Form 990
Looks good: the latest return is for FY2025, 1 tax year back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
4 of 6
filings with a surplus
Average surplus $105K a year · 98% of revenue · last 6 filings
Fine: a surplus in 4 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Spent on programs
100%
of spending
Looks good: 100% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Cash reserves
1020 mo
of spending, in cash
Looks good: 1019.9 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $10K
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$1.4M
105% of total assets
Concern: liabilities are 105% of assets; over 80%.
Pt X · Ln 26
Independent board members
10
of 10 voting members
Looks good: 10 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
$495K
×54 vs prior year
Spent
$7K
To programs
100%
Net assets
−$60K
By yearFY2020–FY2025
Revenue
$495K
FY2025▲ ×54
Tap a bar for its year
Revenue by fiscal year
FY2020$115K
FY2021−$304K
FY2022$318K
FY2023$29K
FY2024−$10K
FY2025$495K
Expenses
$7K
FY2025▲ +32%
Tap a bar for its year
Expenses by fiscal year
FY2020$0
FY2021$0
FY2022$0
FY2023$0
FY2024$5K
FY2025$7K
Net assets
−$60K
FY2025▲ +89%
Tap a bar for its year
Net assets by fiscal year
FY2020−$522K
FY2021−$867K
FY2022−$562K
FY2023−$532K
FY2024−$547K
FY2025−$60K

From the FY2025 Form 990 · see the original

990 PDF Claim

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Sep 1981.

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

Where the money goes

100 cents of each dollar spent went to programs.

Program services 100% · $7K

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

10 people listed on the 990.

Part VII, Section A · reportable compensation
Brandon Bruce
Ex-Officio
$0Pt VII · Sec A
Joseph Clay
Parliamentar
$0Pt VII · Sec A
$0Pt VII · Sec A
Charles Thomas JR
Vice Chairma
$0Pt VII · Sec A
$0Pt VII · Sec A
Leonard L Newson
Assistant Tr
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
See Kappa Housing Incorporated 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

Provides affordable housing for seniors in the Denver metropolitan area.

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Provided by the organization

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1 program · $7K · in their own filed words · FY2025
01

Kappa housing incorporated a non-profit organization built and operates a 45-UNIT housing facility located in denver, colorado know as kappa tower I.

$7Kprogram 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 · FY2024
The Denver FoundationFY2024$10K
Total grants receivedfrom 1 funder$10K

By the numbers

The FY2025 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$495K
Ln 12
Gifts and grantsLn 1h$561K
Investment incomeLn 3$797
Money outPt IX
$7K
Ln 25
Programscol B$7K
Owns and owesPt X
−$60K
net assets · Ln 32
Cash and savingsLn 1–2$599K
Total assetsLn 16$1.3M
LiabilitiesLn 26$1.4M
PeoplePt VI, VII
10
listed · VII A
PaidVII A0
Voting boardVI 1a10
IndependentVI 1b10
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$561K
Government grantsLn 1e$507K
Investment incomeLn 3$797
Total revenueLn 12$495K
Assets in detailPt X, end of year
CashLn 1$599K
Cash and savings togetherLn 1–2$599K
Land, buildings, equipmentLn 10c$210K
Other assetsLn 15$488K
Total assetsLn 16$1.3M
LiabilitiesLn 26$1.4M
Net assetsLn 32−$60K
OperationsPt I, VI
EmployeesI 50
VolunteersI 611
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY25End FY25
Cash and savingsLn 1–2$285K$599K
Land, buildings, equipmentLn 10c$235K$210K
Total assetsLn 16$878K$1.3M
LiabilitiesLn 26$1.4M$1.4M
Net assetsLn 32−$547K−$60K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Other fees for servicesLn 11g$150$150
Advertising and promotionLn 12$2K$2K
Office expensesLn 13$959$959
InsuranceLn 23$1K$1K
Other expenses (24a–d)Ln 24$2K$2K
Total functional expensesLn 25$7K$7K$0$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest Viewing $495K$7K$488K−$60K 990 PDF
FY2024 −$10K$5K−$15K−$547K 990 PDF
FY2023 $29K$0$29K−$532K 990 PDF
FY2022 $318K$0$318K−$562K 990 PDF
FY2021 −$304K$0−$304K−$867K 990 PDF
FY2020 $115K$0$115K−$522K 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 FY2025 990 (6 parts)
Part I · Summary $494,854 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $35,000$560,533
I-9 Program service revenue$0
I-10 Investment income$797
I-11 Other revenuePrior year −$44,550−$66,476
I-12 Total revenuePrior year −$9,550$494,854
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 $5,360$7,053
I-18 Total expensesPrior year $5,360$7,053
I-19 Revenue less expensesPrior year −$14,910$487,801
Part VI · Governance 10 of 10 board members independent, 1 to look at
VI-1a Voting members of the governing body10
VI-1b Independent voting members10
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
VI-13 Written whistleblower policyYes
VI-14 Document retention and destruction policyYes
Part VIII · Statement of revenue $494,854 across 6 lines filed
VIII-1e Government grants$507,037
VIII-1f All other contributions, gifts and grants$53,496
VIII-1h Total contributions, gifts and grants$560,533
VIII-3 Investment incomeRelated to mission $797$797
VIII-6 Net rental income or lossRelated to mission −$66,476−$66,476
VIII-12 Total revenueRelated to mission −$65,679$494,854
Part IX · Statement of functional expenses $7,053 across 5 lines filed
IX-11g Other fees for servicesPrograms $150$150
IX-12 Advertising and promotionPrograms $2,500$2,500
IX-13 Office expensesPrograms $959$959
IX-23 InsurancePrograms $1,055$1,055
IX-24 Other expenses (24a–d)Programs $2,389$2,389
IX-25 Total functional expensesPrograms $7,053 · Management $0 · Fundraising $0$7,053
Part X · Balance sheet $1,320,730 assets, 12 lines filed
X-1 Cash, non-interest-bearingStart of year $285,108$599,419
X-4 Accounts receivableStart of year $1,753$3,765
X-9 Prepaid expenses and deferred chargesStart of year $20,794$20,110
X-10c Land, buildings and equipment, netStart of year $235,311$209,783
X-15 Other assetsStart of year $335,294$487,653
X-16 Total assetsStart of year $878,260$1,320,730
X-17 Accounts payable and accrued expensesStart of year $68,745$78,629
X-25 Other liabilitiesStart of year $32,166$14,691
X-26 Total liabilitiesStart of year $1,425,577$1,380,246
X-27 Net assets without donor restrictionsStart of year −$547,317−$59,516
X-32 Total net assets or fund balancesStart of year −$547,317−$59,516
X-33 Total liabilities and net assetsStart of year $878,260$1,320,730
Part XI · Reconciliation of net assets −$59,516 net assets at year end
XI-1 Total revenue$494,854
XI-2 Total expenses$7,053
XI-3 Revenue less expenses$487,801
XI-4 Net assets at start of year−$547,317
XI-10 Net assets at end of year−$59,516

Form 990 e-file (XML) FY2025 from the IRS · Classification, formation year and address from the IRS Business Master File

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