Atlantis Community Foundation FY2020 filing

Tax-deductible

Denver, CO501(c)(3)HousingEIN 84-1454927Revenue $1.4M in FY2020

On file with the IRSatlantiscommunity.org201 S Cherokee St Suite 120, 80223-1597 · Denver, COTax-exempt since Oct 1998Publicly supported charity — 170(b)(1)(A)(vi)

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To assist individuals with disabilities by ensuring the availability of integrated housing.

501(c)(3) charity; gifts are tax-deductible.
87¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

Before you give

FY2020 · 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 surplus $105K a year · 6% 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
87%
of spending
Looks good: 87% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Cash reserves
13 mo
of spending, in cash
Looks good: 13.2 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $25K
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$7.5M
51% of total assets
Fine: liabilities are 51% of assets; 50% to 65%.
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
$1.4M
Spent
$1.1M
To programs
87%
Net assets
$7.2M
By yearFY2020–FY2024
Revenue
$1.4M
FY2020
Tap a bar for its year
Revenue by fiscal year
FY2020$1.4M
FY2021$2.7M
FY2022$2.3M
FY2023$1.0M
FY2024$1.7M
Expenses
$1.1M
FY2020
Tap a bar for its year
Expenses by fiscal year
FY2020$1.1M
FY2021$1.4M
FY2022$1.9M
FY2023$1.9M
FY2024$2.3M
Net assets
$7.2M
FY2020
Tap a bar for its year
Net assets by fiscal year
FY2020$7.2M
FY2021$12.7M
FY2022$13.0M
FY2023$12.1M
FY2024$11.6M

From the FY2020 Form 990 · figures checked against the IRS filing · see the original

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Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Oct 1998.

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

Where the money goes

87 cents of each dollar spent went to programs.

Program services 87% · $940K Management & general 13% · $146K

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

7 people listed on the 990.

Part VII, Section A · reportable compensation
Board Chair
$0Pt VII · Sec A
Board Vice Chair
$0Pt VII · Sec A
$0Pt VII · Sec A
Secretary
$0Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
Executive Director
$0Pt VII · Sec A

Pat Coyle’s $85K as Executive Director (thru 10/24) is at the 21st 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 · 3 named individuals · Part VII

NameFY2024FY2023FY2022FY2021
Pat Coyle$85,211$125,833$95,000$87,500
Trinidad Rodriguez$40,833———
Susan Niner——$5,000—

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.

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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

Helps people with disabilities find integrated housing.

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Provided by the organization

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1 program · $940K · in their own filed words · FY2020
01

Operation of residential units in five locations to provide affordable, accessible housing to persons with disabilities, and low income housing to other individuals who qualify.

$940Kprogram expense

Funders

Who pays for it.

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

Grants

Schedule I · received and paid
Grants received · FY2024
Total grants receivedfrom 1 funder$25K
Grants paid · 2 grants · $68K · 2020–2021

By the numbers

The FY2020 990, line by line.

1The main four
Money inPt VIII
$1.4M
Ln 12
Fees for servicesLn 2g$1.4M
Investment incomeLn 3$68K
Gifts and grantsLn 1h$25K
Money outPt IX
$1.1M
Ln 25
Programscol B$940K
Managementcol C$146K
Owns and owesPt X
$7.2M
net assets · Ln 32
Cash and savingsLn 1–2$1.2M
Total assetsLn 16$14.6M
LiabilitiesLn 26$7.5M
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$25K
Fees for servicesLn 2g$1.4M
Investment incomeLn 3$68K
Total revenueLn 12$1.4M
Assets in detailPt X, end of year
CashLn 1$956K
SavingsLn 2$240K
Cash and savings togetherLn 1–2$1.2M
InvestmentsLn 11–13$1.1M
Land, buildings, equipmentLn 10c$3.1M
Other assetsLn 15$9.0M
Total assetsLn 16$14.6M
LiabilitiesLn 26$7.5M
Net assetsLn 32$7.2M
OperationsPt I, VI
EmployeesI 53
VolunteersI 66
Fiscal year endsHeaderDecember
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 FY20End FY20
Cash and savingsLn 1–2$1.4M$1.2M
InvestmentsLn 11–13$1.1M$1.1M
Land, buildings, equipmentLn 10c$3.2M$3.1M
Total assetsLn 16$13.5M$14.6M
LiabilitiesLn 26$6.7M$7.5M
Net assetsLn 32$6.8M$7.2M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$50K$50K
Management feesLn 11a$71K$71K
Legal feesLn 11b$7K$7K
Accounting feesLn 11c$7K$6K$1K
Investment management feesLn 11f$7K$7K
Other fees for servicesLn 11g$92K$38K$54K
InterestLn 20$99K$99K
Depreciation, depletion and amortizationLn 22$134K$134K
InsuranceLn 23$66K$57K$9K
Other expenses (24a–d)Ln 24$553K$478K$75K
Total functional expensesLn 25$1.1M$940K$146K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest $1.7M$2.3M−$593K$11.6M 990 PDF
FY2023 $1.0M$1.9M−$905K$12.1M 990 PDF
FY2022 $2.3M$1.9M$406K$13.0M 990 PDF
FY2021 $2.7M$1.4M$1.3M$12.7M 990 PDF
FY2020 Viewing $1.4M$1.1M$326K$7.2M 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 FY2020 990 (6 parts)
Part I · Summary $1,412,119 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $579,782$25,000
I-9 Program service revenuePrior year $1,339,495$1,399,188
I-10 Investment incomePrior year $47,849$67,568
I-11 Other revenuePrior year −$75,704−$79,637
I-12 Total revenuePrior year $1,891,422$1,412,119
I-13 Grants and similar amounts paidPrior year $60,000$50,000
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $0$0
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $1,111,673$1,035,973
I-18 Total expensesPrior year $1,171,673$1,085,973
I-19 Revenue less expensesPrior year $719,749$326,146
Part VI · Governance 6 of 6 board members independent, 2 to look at
VI-1a Voting members of the governing body6
VI-1b Independent voting members6
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
VI-12a Written conflict of interest policyYes
VI-13 Written whistleblower policyYes
Part VIII · Statement of revenue $1,412,119 across 6 lines filed
VIII-1f All other contributions, gifts and grants$25,000
VIII-1h Total contributions, gifts and grants$25,000
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $1,399,188$1,399,188
VIII-3 Investment incomeExcluded from tax $67,568$67,568
VIII-6 Net rental income or lossExcluded from tax −$79,637−$79,637
VIII-12 Total revenueRelated to mission $1,399,188 · Unrelated business $0 · Excluded from tax −$12,069$1,412,119
Part IX · Statement of functional expenses $1,085,973 across 10 lines filed
IX-1 Grants to domestic organizationsPrograms $50,000$50,000
IX-11a Management feesPrograms $71,244$71,244
IX-11b Legal feesPrograms $6,984$6,984
IX-11c Accounting feesPrograms $6,159 · Management $1,000$7,159
IX-11f Investment management feesManagement $6,712$6,712
IX-11g Other fees for servicesPrograms $38,209 · Management $54,083$92,292
IX-20 InterestPrograms $98,651$98,651
IX-22 Depreciation, depletion and amortizationPrograms $133,706$133,706
IX-23 InsurancePrograms $57,018 · Management $9,148$66,166
IX-24 Other expenses (24a–d)Programs $477,800 · Management $75,259$553,059
IX-25 Total functional expensesPrograms $939,771 · Management $146,202 · Fundraising $0$1,085,973
Part X · Balance sheet $14,638,168 assets, 15 lines filed
X-1 Cash, non-interest-bearingStart of year $1,095,473$955,501
X-2 Savings and temporary cash investmentsStart of year $272,253$240,318
X-4 Accounts receivableStart of year $129,750$25,623
X-9 Prepaid expenses and deferred chargesStart of year $53,206$59,370
X-10c Land, buildings and equipment, netStart of year $3,237,968$3,100,001
X-11 Publicly traded securitiesStart of year $1,056,253$1,109,635
X-14 Intangible assetsStart of year $32,176$176,942
X-15 Other assetsStart of year $7,592,253$8,970,778
X-16 Total assetsStart of year $13,469,332$14,638,168
X-17 Accounts payable and accrued expensesStart of year $534,186$205,046
X-25 Other liabilitiesStart of year $3,941,020$4,375,301
X-26 Total liabilitiesStart of year $6,668,010$7,482,798
X-27 Net assets without donor restrictionsStart of year $6,801,322$7,155,370
X-32 Total net assets or fund balancesStart of year $6,801,322$7,155,370
X-33 Total liabilities and net assetsStart of year $13,469,332$14,638,168
Part XI · Reconciliation of net assets $7,155,370 net assets at year end
XI-1 Total revenue$1,412,119
XI-2 Total expenses$1,085,973
XI-3 Revenue less expenses$326,146
XI-4 Net assets at start of year$6,801,322
XI-5 Net unrealized gains (losses) on investments$27,902
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$7,155,370

Form 990 e-file (XML) FY2020 from the IRS · Classification, formation year and address from the IRS Business Master File

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