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Madonna Plaza INC

Tax-deductible

Denver, CO501(c)(3)EIN 84-1059621Revenue $770K in FY2025

On file with the IRSarchhousing.com6240 Smith Rd, 80216-4632 · Denver, COTax-exempt since Mar 1946Supporting organization — 509(a)(3)

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To provide affordable housing to low-income elderly and disabled.

501(c)(3) charity; gifts are tax-deductible.
89¢ of each $1 spent went to programs.
Run by 7 volunteers and 13 employees.
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
5 of 5
filings with a surplus
Average surplus $245K a year · 28% of revenue · last 5 filings
Looks good: a surplus in 5 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
89%
of spending
Looks good: 89% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Cash reserves
<1 mo
of spending, in cash
Concern: 0.3 months of spending in cash; under 2 weeks.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $972K
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$66K
4% of total assets
Looks good: liabilities are 4% 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
$770K
+5% vs prior year
Spent
$664K
To programs
89%
Net assets
$1.6M
By yearFY2021–FY2025
Revenue
$770K
FY2025▲ +5%
Tap a bar for its year
Revenue by fiscal year
FY2021$633K
FY2022$651K
FY2023$1.6M
FY2024$732K
FY2025$770K
Expenses
$664K
FY2025▼ -5%
Tap a bar for its year
Expenses by fiscal year
FY2021$584K
FY2022$628K
FY2023$616K
FY2024$696K
FY2025$664K
Net assets
$1.6M
FY2025▲ +7%
Tap a bar for its year
Net assets by fiscal year
FY2021$412K
FY2022$436K
FY2023$1.4M
FY2024$1.5M
FY2025$1.6M

From the FY2025 Form 990 (year ending June 2025) · see the original

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Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Mar 1946.

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

Where the money goes

89 cents of each dollar spent went to programs.

Program services 89% · $593K Management & general 11% · $71K

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

10 people listed on the 990.

Part VII, Section A · reportable compensation · most recent filed roster (FY2024); the FY2025 filing did not itemize Part VII
Darren Walsh
President/Ce
$0Pt VII · Sec A
Justin Raddatz
Exe. Directo
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Tim Zaleski
Treasurer
$0Pt VII · Sec A
Bob Gross
Secretary
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
See Madonna Plaza INC 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

Builds and manages affordable homes for low-income seniors and people with disabilities.

Provided by the organization

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1 program · $593K · in their own filed words · FY2024
01

50-UNIT hud-subsidized affordable housing project for low-income elderly and disabled.

$593Kprogram 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 · FY2022
Cathedral Plaza INCFY2022$972K
Total grants receivedfrom 1 funder$972K

By the numbers

The FY2025 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$770K
Ln 12
Fees for servicesLn 2g$770K
Investment incomeLn 3$430
Money outPt IX
$664K
Ln 25
Programscol B$593K
Managementcol C$71K
Owns and owesPt X
$1.6M
net assets · Ln 32
Cash and savingsLn 1–2$18K
Total assetsLn 16$1.7M
LiabilitiesLn 26$66K
PeoplePt VI, VII
10
listed · VII A
PaidVII A0
Voting boardVI 1a6
IndependentVI 1b6
2In more detail
Revenue in detailPt VIII
Fees for servicesLn 2g$770K
Investment incomeLn 3$430
Total revenueLn 12$770K
Assets in detailPt X, end of year
SavingsLn 2$18K
Cash and savings togetherLn 1–2$18K
Land, buildings, equipmentLn 10c$617K
Other assetsLn 15$1.0M
Total assetsLn 16$1.7M
LiabilitiesLn 26$66K
Net assetsLn 32$1.6M
OperationsPt I, VI
EmployeesI 513
VolunteersI 67
Fiscal year endsHeaderJune
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$39K$18K
Land, buildings, equipmentLn 10c$546K$617K
Total assetsLn 16$1.6M$1.7M
LiabilitiesLn 26$101K$66K
Net assetsLn 32$1.5M$1.6M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Management feesLn 11a$39K$39K
Legal feesLn 11b$8$8
Other fees for servicesLn 11g$13K$13K
Advertising and promotionLn 12$1K$1K
Office expensesLn 13$23K$23K
OccupancyLn 16$74K$74K
TravelLn 17$700$700
Conferences, conventions and meetingsLn 19$997$997
Depreciation, depletion and amortizationLn 22$130K$130K
InsuranceLn 23$56K$56K
Other expenses (24a–d)Ln 24$323K$303K$19K
All other expensesLn 24e$4K$4K
Total functional expensesLn 25$664K$593K$71K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest Viewing $770K$664K$106K$1.6M 990 PDF
FY2024 $732K$696K$36K$1.5M 990 PDF
FY2023 $1.6M$616K$1.0M$1.4M 990 PDF
FY2022 $651K$628K$24K$436K 990 PDF
FY2021 $633K$584K$49K$412K 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 $770,356 revenue, 12 lines filed
I-8 Contributions and grants$0
I-9 Program service revenuePrior year $729,700$769,926
I-10 Investment incomePrior year $1,855$430
I-11 Other revenue$0
I-12 Total revenuePrior year $731,555$770,356
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 $695,975$664,009
I-18 Total expensesPrior year $695,975$664,009
I-19 Revenue less expensesPrior year $35,580$106,347
Part VI · Governance 6 of 6 board members independent, 1 to look at
VI-1a Voting members of the governing body6
VI-1b Independent voting members6
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 $770,356 across 3 lines filed
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $769,926$769,926
VIII-3 Investment incomeExcluded from tax $430$430
VIII-12 Total revenueRelated to mission $769,926 · Excluded from tax $430$770,356
Part IX · Statement of functional expenses $664,009 across 12 lines filed
IX-11a Management feesManagement $38,589$38,589
IX-11b Legal feesPrograms $8$8
IX-11g Other fees for servicesManagement $12,950$12,950
IX-12 Advertising and promotionPrograms $1,149$1,149
IX-13 Office expensesPrograms $22,620$22,620
IX-16 OccupancyPrograms $74,436$74,436
IX-17 TravelPrograms $700$700
IX-19 Conferences, conventions and meetingsPrograms $997$997
IX-22 Depreciation, depletion and amortizationPrograms $129,704$129,704
IX-23 InsurancePrograms $55,880$55,880
IX-24 Other expenses (24a–d)Programs $303,350 · Management $19,487$322,837
IX-24e All other expensesPrograms $4,139$4,139
IX-25 Total functional expensesPrograms $592,983 · Management $71,026 · Fundraising $0$664,009
Part X · Balance sheet $1,653,288 assets, 12 lines filed
X-2 Savings and temporary cash investmentsStart of year $39,074$17,806
X-4 Accounts receivableStart of year $28,385$785
X-9 Prepaid expenses and deferred chargesStart of year $6,090$6,151
X-10c Land, buildings and equipment, netStart of year $546,408$616,591
X-15 Other assetsStart of year $961,534$1,011,955
X-16 Total assetsStart of year $1,581,491$1,653,288
X-17 Accounts payable and accrued expensesStart of year $83,832$50,382
X-25 Other liabilitiesStart of year $17,111$16,011
X-26 Total liabilitiesStart of year $100,943$66,393
X-27 Net assets without donor restrictionsStart of year $1,480,548$1,586,895
X-32 Total net assets or fund balancesStart of year $1,480,548$1,586,895
X-33 Total liabilities and net assetsStart of year $1,581,491$1,653,288
Part XI · Reconciliation of net assets $1,586,895 net assets at year end
XI-1 Total revenue$770,356
XI-2 Total expenses$664,009
XI-3 Revenue less expenses$106,347
XI-4 Net assets at start of year$1,480,548
XI-10 Net assets at end of year$1,586,895

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

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