Tri County Housing INC FY2022 filing

Claim this org

(tell your story, add context, and more) Claim it free, then get the verified mark for $8,543 a year, plus $10 a year for the ID check.

How does your 990 look to donors? Take the 10-Question Audit

To provide affordable Housing options to low and moderate income families.

501(c)(3) charity; gifts are tax-deductible.
97¢ of each $1 spent went to programs.
$102K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · Pay: Part VII

Before you give

FY2022 · 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
3 of 5
filings with a surplus
Average deficit $104K a year · under 1% of revenue · last 5 filings
Worth a look: a surplus in 3 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
97%
of spending
Looks good: 97% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$102K
to officers and key staff · 0.6% of spending
Looks good: pay to officers and key staff is 1% of spending; 15% or less.
Pt VII · Sec A
2 mo
of spending, in cash
Fine: 2.1 months of spending in cash; 1 to 3.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
2
named funders · $302K
Fine: 2 funders name it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$6.5M
44% of total assets
Looks good: liabilities are 44% 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
$17.1M
+111% vs prior year
Spent
$18.3M
To programs
97%
Net assets
$8.2M
By yearFY2020–FY2024
Revenue
$17.1M
FY2022▲ +111%
Tap a bar for its year
Revenue by fiscal year
FY2020$3.2M
FY2021$8.1M
FY2022$17.1M
FY2023$16.0M
FY2024$9.6M
Expenses
$18.3M
FY2022▲ +132%
Tap a bar for its year
Expenses by fiscal year
FY2020$3.1M
FY2021$7.9M
FY2022$18.3M
FY2023$15.5M
FY2024$9.7M
Net assets
$8.2M
FY2022▼ -13%
Tap a bar for its year
Net assets by fiscal year
FY2020$9.5M
FY2021$9.5M
FY2022$8.2M
FY2023$8.1M
FY2024$7.9M

From the FY2022 Form 990 · figures checked against the IRS filing · see the original

990 PDF Claim
You’re viewing the FY2022 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 Dec 1995.

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

Where the money goes

97 cents of each dollar spent went to programs.

Program services 97% · $17.7M Management & general 3% · $611K

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

Something off? Claim to add context

Who runs it and what they're paid

7 people listed on the 990; $102K paid to officers and key staff.

Part VII, Section A · reportable compensation
Executive Dir.
$102,050Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Vice-Chair
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
$0Pt VII · Sec A

Steven R Cordova’s $140K as Executive Dir. is at the 65th percentile of top reported officer pay among 2036 $1–10M housing nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.

Compensation history total reportable pay by year · 1 named individual · Part VII

NameFY2024FY2023FY2022FY2021
Steven R Cordova$140,149$109,282$102,050$94,017

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

See Tri County Housing 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 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aYes

Programs and updates

Offers affordable housing to low and moderate-income families.

Questions for Tri County Housing INC

Tap to ask. Tri County Housing INC sees how many people are interested.

Your first name shows with your question. Tri County Housing INC answers here, for everyone.

1 program · $17.7M · in their own filed words · FY2022
01

Provide low cost housing options to low and moderate income families.

$17.7Mprogram 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
Total grants receivedfrom 2 funders$302K

Federal money

Single Audit · Federal Audit Clearinghouse · money spent from federal programs
Year ending Dec 2024 · $6.7M federal money spent
Homeowner Assistance FundDepartment of the Treasury · ALN 21.026 · Through Colorado Department of Local Affairs$5.5M
Coronavirus State and Local Fiscal Recovery FundsDepartment of the Treasury · ALN 21.027 · Through Colorado Department of Local Affairs$743K
Expendable and Capital GrantDepartment of the Treasury · ALN 21.U01 · Through Neighborhood Reinvestment Corporation$161K
Rural Rental Assistance PaymentsDepartment of Agriculture · ALN 10.427 · Direct$142K
Expendable and Capital GrantDepartment of the Treasury · ALN 21.U02 · Through Neighborhood Reinvestment Corporation$50K

Plus 6 smaller programs.

The auditor reported 1 finding.

Year ending Dec 2023 · $12.9M federal money spent
Emergency Mortgage Assistance ProgramDepartment of the Treasury · ALN 21.026 · Through Colorado Department of Local Affairs$11.6M
Emergency Rental Assistance ProgramDepartment of the Treasury · ALN 21.023 · Through Colorado Department of Local Affairs$884K
Expendable and Capital GrantDepartment of the Treasury · ALN 21.U02 · Through Neighborhood Reinvestment Corporation$162K
Rural Rental Assistance PaymentsDepartment of Agriculture · ALN 10.427 · Direct$157K
Expendable and Capital GrantDepartment of the Treasury · ALN 21.U03 · Through Neighborhood Reinvestment Corporation$50K

Plus 6 smaller programs.

The auditor reported 1 finding.

Year ending Dec 2022 · $12.9M federal money spent
Emergency Rental Assistance ProgramDepartment of the Treasury · ALN 21.023 · Through Colorado Department of Local Affairs$8.7M
Homeowner Assistance FundDepartment of the Treasury · ALN 21.026 · Through Colorado Department of Local Affairs$3.8M
Expendable Grant FundDepartment of the Treasury · ALN 21.U01 · Through Neighborhood Reinvestment Corporation$238K
Rural Rental Assistance PaymentsDepartment of Agriculture · ALN 10.427 · Direct$122K
Housing Counseling Assistance ProgramDepartment of Housing and Urban Development · ALN 14.169 · Direct$7K

The auditor reported no findings.

Year ending Dec 2021 · $4.6M federal money spent
Emergency Rental Assistance ProgramDepartment of the Treasury · ALN 21.023 · Through Colorado Department of Local Affairs$3.3M
Coronavirus Relief FundDepartment of the Treasury · ALN 21.019 · Through Colorado Department of Local Affairs$830K
Pass-Through ProgramsDepartment of the Treasury · ALN 21.000 · Through Neighborhood Reinvestment Corporation$210K
Rural Rental Assistance PaymentsDepartment of Agriculture · ALN 10.427 · Direct$159K
Housing Counseling Assistance ProgramDepartment of Housing and Urban Development · ALN 14.169 · Through Neighborhood Reinvestment Corporation$33K

Plus 3 smaller programs.

The auditor reported no findings.

By the numbers

The FY2022 990, line by line.

1The main four
Money inPt VIII
$17.1M
Ln 12
Gifts and grantsLn 1h$14.2M
Fees for servicesLn 2g$2.8M
Investment incomeLn 3$110K
Money outPt IX
$18.3M
Ln 25
Programscol B$17.7M
Managementcol C$611K
Owns and owesPt X
$8.2M
net assets · Ln 32
Cash and savingsLn 1–2$3.2M
Total assetsLn 16$14.8M
LiabilitiesLn 26$6.5M
PeoplePt VI, VII
7
listed · VII A
PaidVII A1
Voting boardVI 1a6
IndependentVI 1b6
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$14.2M
Government grantsLn 1e$14.2M
Fees for servicesLn 2g$2.8M
Investment incomeLn 3$110K
Gains on assetsLn 7$36K
Total revenueLn 12$17.1M
Assets in detailPt X, end of year
CashLn 1$3.0M
SavingsLn 2$213K
Cash and savings togetherLn 1–2$3.2M
InvestmentsLn 11–13$0
Land, buildings, equipmentLn 10c$5.7M
Other assetsLn 15$4.3M
Total assetsLn 16$14.8M
LiabilitiesLn 26$6.5M
Net assetsLn 32$8.2M
OperationsPt I, VI
EmployeesI 561
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 FY22End FY22
Cash and savingsLn 1–2$3.4M$3.2M
InvestmentsLn 11–13$0
Land, buildings, equipmentLn 10c$6.1M$5.7M
Total assetsLn 16$14.6M$14.8M
LiabilitiesLn 26$5.1M$6.5M
Net assetsLn 32$9.5M$8.2M
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 current officers, directors and key staffLn 5$102K$102K
Pay of disqualified personsLn 6$0
Other salaries and wagesLn 7$1.8M$1.6M$164K
Pension plan contributionsLn 8$0
Other employee benefitsLn 9$397K$301K$96K
Payroll taxesLn 10$0
Management feesLn 11a$0
Legal feesLn 11b$186K$37K$149K
Accounting feesLn 11c$0
Lobbying feesLn 11d$0
Professional fundraising feesLn 11e$0
Investment management feesLn 11f$0
Other fees for servicesLn 11g$0
Advertising and promotionLn 12$21K$8K$13K
Office expensesLn 13$91K$69K$21K
Information technologyLn 14$0
RoyaltiesLn 15$0
OccupancyLn 16$0
TravelLn 17$15K$8K$7K
Travel and entertainment for public officialsLn 18$0
Conferences, conventions and meetingsLn 19$0
InterestLn 20$113K$98K$15K
Payments to affiliatesLn 21$0
Depreciation, depletion and amortizationLn 22$406K$374K$32K
InsuranceLn 23$141K$114K$27K
Other expenses (24a–d)Ln 24$14.6M$14.6M$9K
All other expensesLn 24e$420K$343K$77K
Total functional expensesLn 25$18.3M$17.7M$611K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 LatestFiled with the IRS Dec 18, 2025 $9.6M$9.7M−$124K$7.9M 990 PDF
FY2023Filed with the IRS Dec 18, 2025 $16.0M$15.5M$520K$8.1M 990 PDF
FY2022 ViewingFiled with the IRS Nov 15, 2023 $17.1M$18.3M−$1.2M$8.2M 990 PDF
FY2021Filed with the IRS Nov 2, 2022 $8.1M$7.9M$195K$9.5M 990 PDF
FY2020Filed with the IRS Nov 9, 2021 $3.2M$3.1M$122K$9.5M 990 PDF

Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants A · Public support O · Explanations
See the full FY2022 990 (6 parts)
Part I · Summary $17,086,914 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $5,639,198$14,222,364
I-9 Program service revenuePrior year $2,237,333$2,756,844
I-10 Investment incomePrior year $218,896$109,606
I-11 Other revenue−$1,900
I-12 Total revenuePrior year $8,095,427$17,086,914
I-13 Grants and similar amounts paid$0
I-14 Benefits paid to members$0
I-15 Salaries and benefitsPrior year $1,626,684$2,279,908
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $6,274,019$16,037,177
I-18 Total expensesPrior year $7,900,703$18,317,085
I-19 Revenue less expensesPrior year $194,724−$1,230,171
Part VI · Governance 6 of 6 board members independent, no flags
VI-1a Voting members of the governing body6
VI-1b Independent voting members6
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
VI-15a Process for setting top official's payYes
Part VIII · Statement of revenue $17,086,914 across 10 lines filed
VIII-1e Government grants$14,222,364
VIII-1h Total contributions, gifts and grants$14,222,364
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $2,756,844$2,756,844
VIII-3 Investment incomeExcluded from tax $73,577$73,577
VIII-5 Royalties$0
VIII-6 Net rental income or loss$0
VIII-7 Net gain or loss on sales of assetsRelated to mission $36,029$36,029
VIII-8 Net income from fundraising events$0
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission −$1,900−$1,900
VIII-12 Total revenueRelated to mission $2,790,973 · Excluded from tax $73,577$17,086,914
Part IX · Statement of functional expenses $18,317,085 across 31 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 current officers, directors and key staffPrograms $102,050$102,050
IX-6 Pay of disqualified persons$0
IX-7 Other salaries and wagesPrograms $1,616,641 · Management $163,926$1,780,567
IX-8 Pension plan contributions$0
IX-9 Other employee benefitsPrograms $301,075 · Management $96,216$397,291
IX-10 Payroll taxes$0
IX-11a Management fees$0
IX-11b Legal feesPrograms $36,822 · Management $149,128$185,950
IX-11c Accounting fees$0
IX-11d Lobbying fees$0
IX-11f Investment management fees$0
IX-12 Advertising and promotionPrograms $8,008 · Management $12,779$20,787
IX-13 Office expensesPrograms $69,492 · Management $21,314$90,806
IX-14 Information technology$0
IX-15 Royalties$0
IX-16 Occupancy$0
IX-17 TravelPrograms $7,577 · Management $7,055$14,632
IX-18 Travel and entertainment for public officials$0
IX-19 Conferences, conventions and meetings$0
IX-20 InterestPrograms $97,936 · Management $14,998$112,934
IX-21 Payments to affiliates$0
IX-22 Depreciation, depletion and amortizationPrograms $373,974 · Management $32,244$406,218
IX-23 InsurancePrograms $113,702 · Management $26,906$140,608
IX-24 Other expenses (24a–d)Programs $14,636,387 · Management $8,833$14,645,220
IX-24e All other expensesPrograms $342,641 · Management $77,381$420,022
IX-25 Total functional expensesPrograms $17,706,305 · Management $610,780 · Fundraising $0$18,317,085
Part X · Balance sheet $14,778,085 assets, 20 lines filed
Asset lines not itemized here account for $11,125; see the IRS return.
X-1 Cash, non-interest-bearingStart of year $3,127,257$3,019,849
X-2 Savings and temporary cash investmentsStart of year $241,297$213,397
X-3 Pledges and grants receivable$0
X-4 Accounts receivableStart of year $1,057,001$1,351,201
X-8 Inventories for sale or use$0
X-9 Prepaid expenses and deferred chargesStart of year $11,867$13,055
X-10c Land, buildings and equipment, netStart of year $6,103,580$5,654,121
X-11 Publicly traded securities$0
X-12 Other securities$0
X-13 Program-related investments$0
X-14 Intangible assetsStart of year $198,817$174,472
X-15 Other assetsStart of year $312,185$4,340,865
X-16 Total assetsStart of year $14,600,374$14,778,085
X-17 Accounts payable and accrued expensesStart of year $598,876$292,309
X-19 Deferred revenueStart of year $1,548,912$3,072,851
X-25 Other liabilitiesStart of year $440,641$725,393
X-26 Total liabilitiesStart of year $5,137,093$6,536,036
X-27 Net assets without donor restrictionsStart of year $9,463,281$8,242,049
X-32 Total net assets or fund balancesStart of year $9,463,281$8,242,049
X-33 Total liabilities and net assetsStart of year $14,600,374$14,778,085
Part XI · Reconciliation of net assets $8,242,049 net assets at year end
XI-1 Total revenue$17,086,914
XI-2 Total expenses$18,317,085
XI-3 Revenue less expenses−$1,230,171
XI-4 Net assets at start of year$9,463,281
XI-9 Other changes in net assets$8,939
XI-10 Net assets at end of year$8,242,049

Form 990 e-file (XML) FY2022 from the IRS · Classification, formation year and address from the IRS Business Master File

Similar organizations you could support · Compare with another nonprofit

Names, privacy, and removal requests More

The names, titles, and compensation shown on this page are reproduced from IRS Form 990 filings, which are public records.

Philanthropy.org does not alter the content of those filings. All information appears exactly as reported by the filing organization for the tax year shown.

We publish only information contained in the public IRS filing — and less than the filing contains. Our profile pages do not display street addresses, telephone numbers, personal email addresses, or other personal contact information, even where the filing includes them.

Many people share the same name. A name shown on this page reflects only what one organization reported in one IRS filing for one tax year. It should not be interpreted as identifying any other individual with the same or a similar name.

If you are no longer affiliated with the organization, your name will generally stop appearing in future IRS filings once the organization no longer reports you. Pages for tax years in which you were reported remain published because those filings remain part of the public record.

Philanthropy.org does not alter or remove IRS filing records. Removing a page from this website would not remove the underlying IRS filing, which remains publicly available from the IRS and other publishers of the same information.

If you believe the IRS filing itself is inaccurate, corrections must be made by the filing organization or the IRS directly.

All figures are derived from public IRS Form 990 filings and are presented without evaluation of any organization. philanthropy.org does not rate, score, or rank organizations, including the pay comparisons above.