Civic Intelligence

Renaissance Property Management Corp

EIN 04-3740795 • 501(c)3 • Denver, CO

Profile

RPMC provides property management services to 16 low income residential properties with a combined total of more than 1,500 residential units. RPMC assists these low income residents in maintaining their housing and in providing a safe, secure and affordable housing environment. To be eligible, resident income must fall below the 60 area median.

2111 Champa StreetDenver, CO 80205-2529

coloradocoalition.org

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

92nd percentile

0.91x

Higher debt load relative to assets than 92% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Source year 2013

Liabilities / Revenue

73rd percentile

0.30x

Higher debt load relative to revenue than 73% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Source year 2013

Net Margin

46th percentile

2.6%

Higher net margin than 46% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Source year 2013

Top Officer Pay

90th percentile

$201,842

Higher top officer pay than 90% of similar nonprofits.

Top officer pay equals 7.2% of source-year revenue.

501(c)3 • $1M-$5M nonprofits • Source year 2013

Asset Growth

66th percentile

9.8%

Faster asset growth than 66% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Annualized from 2012 to 2013

Revenue Growth

Score unavailable

No value available

No earlier valid filing was available within the previous three public years.

Source year 2013

Assets

Up

$909,016

Up $81,504 (+9.8%) from 2012

Liabilities

Up

$826,516

Up $9,567 (+1.2%) from 2012

Net Assets

Up

$82,500

Up $71,937 (+681%) from 2012

Revenue

$2,792,355

No earlier filing loaded for comparison.

Expenses

Up

$2,720,418

Up $196,932 (+7.8%) from 2012

Net Income

$71,937

No earlier filing loaded for comparison.

Trend Graphs

Balance Sheet Trend

Grouped bars show assets, liabilities, and net assets across loaded filings.

$1.0M$500K$0-$500KAssets 2010: $811,164Liabilities 2010: $887,783Net Assets 2010: -$76,6192010Assets 2011: $770,777Liabilities 2011: $816,851Net Assets 2011: -$46,0742011Assets 2012: $827,512Liabilities 2012: $816,949Net Assets 2012: $10,5632012Assets 2013: $909,016Liabilities 2013: $826,516Net Assets 2013: $82,5002013

Highlighted filing

2013

Assets$909,016
Liabilities$826,516
Net Assets$82,500

Operations Trend

Revenue, expenses, and net income by year, with the latest filing highlighted.

$3.0M$2.0M$1.0M$0Expenses 2010: $2,152,1732010Expenses 2011: $2,311,7472011Expenses 2012: $2,523,4862012Revenue 2013: $2,792,355Expenses 2013: $2,720,418Net Income 2013: $71,9372013

Highlighted filing

2013

Revenue$2,792,355
Expenses$2,720,418
Net Income$71,937

Filings

Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2013 to Dec 31, 2013
Signed
Aug 15, 2014
Return Version
2013v3.1
Gross Receipts
$2,792,355
Mission and Program Overview

Mission

RPMC provides property management services to 16 low income residential properties with a combined total of more than 1,500 residential units. RPMC assists these low income residents in maintaining their housing and in providing a safe, secure and affordable housing environment. To be eligible, resident income must fall below the 60 area median.

RPMC manages 16 properties with a combined total of more than 1,500 units.

Balance Sheet Detail
LineBeginningEndChange
Assets
Accounts Receivable$821,390$880,288▲ $58,898
Cash and Non-Interest-Bearing Accounts$6,122$28,728▲ $22,606
Total Assets$827,512$909,016▲ $81,504
Liabilities
Accounts Payable and Accrued Expenses$816,949$826,516▲ $9,567
Total Liabilities$816,949$826,516▲ $9,567
Net Assets / Fund Balance
Unrestricted Net Assets$10,563$82,500▲ $71,937
Total Net Assets Fund Balance$10,563$82,500▲ $71,937
Total Liabilities and Net Assets / Fund Balance$827,512$909,016▲ $81,504

Asset Categories

AssetBook ValueDepreciationBasis
Equipment-$1,286$1,286
Compensation and Service Providers

Employees

NameTitleBaseOtherTotal
Stan EilertVice President$1,697$129,079$130,776
Bill WindsorVice President-$102,027$102,027
John ParvenskyPresident$8,420$584$9,004
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$2,792,355
Investment Income
$0
Other Revenue
$0
Change in Net Assets
$71,937
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$2,677,648
Other Expenses$42,770
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$1,844,398$287,199-$2,131,597
Other Employee Benefits$317,156$24,779-$341,935
Payroll Taxes$136,302$9,702-$146,004
Pension Plan Contributions$41,369$6,630-$47,999
Occupancy-$23,391-$23,391
Office Expenses-$11,360-$11,360
Current Officers, Directors, Trustees, and Key Employees-$10,113-$10,113
All Other Expenses-$8,019-$8,019
Total Functional Expenses$2,339,225$381,193$0$2,720,418
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Federal income taxes-
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
Yes
Conflict-of-interest policy
Yes
Audited financial statements prepared
Yes
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section A, Line 7A

The Colorado Coalition for the Homeless Board of Directors has the power to elect or appoint members of the governing body.

Form 990, Part VI, Section B, Line 11B

The Form 990 is presented to the Board of Directors upon completion.

Form 990, Part VI, Section B, Line 12C

The Conflict of Interest Policy governs the activities of the board and staff of the Colorado Coalition for the Homeless. Questions about the policy should be directed to the President or Chair of the Board. It is the duty of all board members and staff to be aware of this policy, and to identify conflicts of interests and situations that may result in the appearance of a conflict and to disclose those situations / conflicts / or potentioal conlicts to i the Chair of the Board, ii the President, or iii the employees supervisor or other designated person, as appropriate. This policy provides guidelines for identifying conflicts, disclosing conflicts and procedures to be followed to manage conflicts of interest and situations that may result in the appearance of a conflict. The Chairperson of the Board and/or President will monitor proposed or ongoing transactions of the organization e.g. contracts with vendors and collaborations with third parties for conflicts of interest and disclose them to the Board and staff, as appropriate, whether discovered before or after the transaction has occurred. Contact the Colorado Coalition for the Homeless for a complete copy of the Conflict of Interest policy.

Form 990, Part VI, Section B, Line 15 A B

EXECUTIVE COMPENSATION POLICY The organization endeavors to provide a competitive executive total compensation opportunity consistent with the market practices for individuals possessing the experience and skills needed to improve the overall performance of the organization. The compensation committee administers the compensation program. The committee establishes and maintains a competitive compensation program for the key executives. Contact the Colorado Coalition for the Homeless for a complete copy of the Executive Compensation policy.

Form 990, Part VI, Section C, Line 19

Governing documents, the conflict of interest policy, and financial statements are available to the public upon request.

Filing and Contact Details

Filer

EIN
04-3740795
Phone
3032932217

Signing Officer

Name
John Parvensky
Title
President
Signed
2014-08-15
Discuss with paid preparer
No

Organization Details

Formed
2003
Legal Domicile
Co
Voting Board Members
3
Independent Board Members
0
Employees
86
Supplemental Narrative

Financial Statement Notes

X 2

The Organization follows the Accounting for Uncertainty in Income Taxes accounting standard which requires the Organization to determine whether a tax position and the related tax benefit is more likely than not to be sustained upon examination by the applicable taxing authority, based solely on the technical merits of the position. The tax benefit to be recognized is measured as the largest amount of benefit that is greater than fifty percent likely of being realized upon settlement, presuming the tax position is examined by the appropriate taxing authorities that has knowledge of all relevant information. During the years ended December 31, 2013 and 2012, the Organizations management evaluated its tax positions to determine the existence of uncertainties, and did not note any matters that would require recognition or which may have an effect on its tax-exempt status.xxx

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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0The Colorado Coalition for the Homeless Board of Directors has the power to elect or appoint members of the governing body.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1The Form 990 is presented to the Board of Directors upon completion.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2The Conflict of Interest Policy governs the activities of the board and staff of the Colorado Coalition for the Homeless. Questions about the policy should be directed to the President or Chair of the Board. It is the duty of all board members and staff to be aware of this policy, and to identify conflicts of interests and situations that may result in the appearance of a conflict and to disclose those situations / conflicts / or potentioal conlicts to i the Chair of the Board, ii the President, or iii the employees supervisor or other designated person, as appropriate. This policy provides guidelines for identifying conflicts, disclosing conflicts and procedures to be followed to manage conflicts of interest and situations that may result in the appearance of a conflict. The Chairperson of the Board and/or President will monitor proposed or ongoing transactions of the organization e.g. contracts with vendors and collaborations with third parties for conflicts of interest and disclose them to the Board and staff, as appropriate, whether discovered before or after the transaction has occurred. Contact the Colorado Coalition for the Homeless for a complete copy of the Conflict of Interest policy.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3EXECUTIVE COMPENSATION POLICY The organization endeavors to provide a competitive executive total compensation opportunity consistent with the market practices for individuals possessing the experience and skills needed to improve the overall performance of the organization. The compensation committee administers the compensation program. The committee establishes and maintains a competitive compensation program for the key executives. Contact the Colorado Coalition for the Homeless for a complete copy of the Executive Compensation policy.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4Governing documents, the conflict of interest policy, and financial statements are available to the public upon request.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990, Part VI, Section A, Line 7a
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990, Part VI, Section B, Line 11b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Form 990, Part VI, Section B, Line 12c
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Form 990, Part VI, Section B, Line 15 a b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4Form 990, Part VI, Section C, Line 19
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