Community Growth Foundation

Tax-deductible

Littleton, CO501(c)(3)Community DevelopmentEIN 84-3832834Revenue $67K in FY2024

On file with the IRScontinentalrealtygroup.com2329 W Main St Ste 300, 80120-8200 · Littleton, COTax-exempt since Feb 2020Publicly supported — 509(a)(2)

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Community Growth Foundation works to establish, encourage, and facilitate residential communities with Community education services, social service, and social improvement programs.

501(c)(3) charity; gifts are tax-deductible.
84¢ of each $1 spent went to programs.
$60K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · Pay: Part VII

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FY2024 · 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 surplus $1.1M a year · 68% of revenue · last 5 filings
Worth a look: a surplus in 2 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
84%
of spending
Looks good: 84% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$60K
to officers and key staff · 6% of spending
Top officer’s pay higher than 70% of similar orgs
Looks good: pay to officers and key staff is 6% of spending; 15% or less.
Pt VII · Sec A
Cash reserves
2 mo
of spending, in cash
Fine: 1.8 months of spending in cash; 1 to 3.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $20K
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$57K
1% of total assets
Looks good: liabilities are 1% of assets; 50% or less.
Pt X · Ln 26
Independent board members
7
of 9 voting members
Looks good: 7 of 9 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$67K
-47% vs prior year
Spent
$1000K
To programs
84%
Net assets
$5.3M
By yearFY2020–FY2024
Revenue
$67K
FY2024▼ -47%
Tap a bar for its year
Revenue by fiscal year
FY2020$1.6M
FY2021−$150K
FY2022$6.2M
FY2023$126K
FY2024$67K
Expenses
$1000K
FY2024▼ -8%
Tap a bar for its year
Expenses by fiscal year
FY2020$30K
FY2021$6K
FY2022$449K
FY2023$1.1M
FY2024$1000K
Net assets
$5.3M
FY2024▼ -13%
Tap a bar for its year
Net assets by fiscal year
FY2020$1.6M
FY2021$1.6M
FY2022$7.4M
FY2023$6.2M
FY2024$5.3M

From the FY2024 Form 990 · see the original

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Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Feb 2020.

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

Where the money goes

84 cents of each dollar spent went to programs.

Program services 84% · $842K Management & general 16% · $158K

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

22 people listed on the 990; $60K paid to officers and key staff.

Part VII, Section A · reportable compensation
Chief of Staff/Treasurer
$30,000Pt VII · Sec A
Chief of Staff/Treasurer
$30,000Pt VII · Sec A
Controller
$0Pt VII · Sec A
Vice President
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
Director as of 8/1/2024
$0Pt VII · Sec A
Director as of 8/1/2024
$0Pt VII · Sec A
Director as of 8/1/2024
$0Pt VII · Sec A

Erna Pardede’s $30K as Chief of Staff/Treasurer is at the 70th percentile of top reported officer pay among 168 <$100K community development 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.

See Community Growth Foundation 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 2Yes

Programs and updates

Builds and supports residential communities with education and social programs.

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Provided by the organization

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4 programs · $1.7M · in their own filed words · FY2024
01

The community growth foundation made grants to other nonprofit organizations that are mission-aligned in furtherance of its purposes to foster healthy communities through programmatic and strategic initiatives in housing and support services.

$836Kprogram expense
02

The community growth foundation made grants to other nonprofit organizations that are mission-aligned in furtherance of its purposes to foster healthy communities through programmatic and strategic initiatives in housing and support services.

$836Kprogram expense
03

The organization makes investments in communities directly by owning and funding housing projects. Through these projects, community growth foundation has the power to make decisions and control many aspects of the planned development in furtherance of its exempt purposes.

$5Kprogram expense
04

The organization makes investments in communities directly by owning and funding housing projects. Through these projects, community growth foundation has the power to make decisions and control many aspects of the planned development in furtherance of its exempt purposes.

$5Kprogram 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 · FY2023
Total grants receivedfrom 1 funder$20K
Grants paid · 26 grants · $2.7M · 2022–2024
Bear Valley Christian ChurchCO · FY2024$200,000
Bear Valley Christian ChurchCO · FY2024$200,000
Mission Serve INCCO · FY2024$120,000
Mission Serve INCCO · FY2024$120,000
Apartment Life INCTX · FY2024$100,000
Christian Economic ForumCO · FY2024$100,000
Apartment Life INCTX · FY2024$100,000
Christian Economic ForumCO · FY2024$100,000
Redemptive Real EstateCA · FY2024$66,395
Redemptive Real EstateCA · FY2024$66,395
Unitemized GrantFY2024$51,453
Unitemized GrantFY2024$51,453
WayforwardTX · FY2024$50,500
WayforwardTX · FY2024$50,500
Bear Valley Christian ChurchCO · FY2023$400,000
Apartment Life INCTX · FY2023$105,624
See all 26 grants →

By the numbers

The FY2024 990, line by line.

1The main four
Money inPt VIII
$67K
Ln 12
Gifts and grantsLn 1h$138K
Investment incomeLn 3$108K
Money outPt IX
$1000K
Ln 25
Programscol B$842K
Managementcol C$158K
Owns and owesPt X
$5.3M
net assets · Ln 32
Cash and savingsLn 1–2$149K
Total assetsLn 16$5.4M
LiabilitiesLn 26$57K
PeoplePt VI, VII
22
listed · VII A
PaidVII A2
Voting boardVI 1a9
IndependentVI 1b7
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$138K
Investment incomeLn 3$108K
Total revenueLn 12$67K
Assets in detailPt X, end of year
Cash and savings togetherLn 1–2$149K
Total assetsLn 16$5.4M
LiabilitiesLn 26$57K
Net assetsLn 32$5.3M
OperationsPt I, VI
EmployeesI 50
VolunteersI 60
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14Yes

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest Viewing $67K$1000K−$933K$5.3M 990 PDF
FY2023 $126K$1.1M−$955K$6.2M 990 PDF
FY2022 $6.2M$449K$5.8M$7.4M 990 PDF
FY2021 −$150K$6K−$156K$1.6M 990 PDF
FY2020 $1.6M$30K$1.6M$1.6M 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 FY2024 990 (1 part)
Part VI · Governance 7 of 9 board members independent, 1 to look at
VI-1a Voting members of the governing body9
VI-1b Independent voting members7
VI-2 Family or business relationship among officers or directorsYes
VI-12a Written conflict of interest policyYes
VI-13 Written whistleblower policyYes
VI-14 Document retention and destruction policyYes

Form 990 e-file (XML) FY2024 from the IRS · Classification, formation year and address from the IRS Business Master File

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