Civic Intelligence

Southwest Housing Providers

990 • Fiscal year 2019 • EIN 20-8197687

May 01, 2018 to Apr 30, 2019 • Filed on Aug 23, 2019

295 Girard StreetDurango, CO 81303

(970) 259-1086

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

94th percentile

1.15x

Higher debt load relative to assets than 94% of similar nonprofits.

2019 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2019

Liabilities / Revenue

99th percentile

20.01x

Higher debt load relative to revenue than 99% of similar nonprofits.

2019 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2019

Net Margin

4th percentile

-83%

Higher net margin than 4% of similar nonprofits.

2019 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2019

Top Officer Pay

36th percentile

$0

Higher top officer pay than 36% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

2019 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2019

Asset Growth

20th percentile

-4.8%

Faster asset growth than 20% of similar nonprofits.

2019 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2018 to 2019

Revenue Growth

9th percentile

-34%

Faster revenue growth than 9% of similar nonprofits.

2019 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2018 to 2019

Assets

Down

$2,296,546

Down $115,798 (-4.8%) from 2018

Net Assets

Down

-$348,619

Down $109,204 (-46%) from 2018

Liabilities

Down

$2,645,165

Down $6,594 (-0.2%) from 2018

Revenue

Down

$132,210

Down $66,892 (-34%) from 2018

Expenses

Down

$241,414

Down $2,333 (-1.0%) from 2018

Net Income

Down

-$109,204

Down $64,559 (-145%) from 2018

Historical Trend

Balance Sheet Trend

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$4.0M$2.0M$0-$2.0MAssets 2010: $3,302,148Liabilities 2010: $2,845,946Net Assets 2010: $456,2022010Assets 2011: $3,110,981Liabilities 2011: $2,722,879Net Assets 2011: $388,1022011Assets 2012: $2,936,969Liabilities 2012: $2,643,118Net Assets 2012: $293,8512012Assets 2013: $2,842,625Liabilities 2013: $2,642,505Net Assets 2013: $200,1202013Assets 2014: $2,747,953Liabilities 2014: $2,644,970Net Assets 2014: $102,9832014Assets 2015: $2,651,404Liabilities 2015: $2,643,449Net Assets 2015: $7,9552015Assets 2016: $2,549,271Liabilities 2016: $2,643,462Net Assets 2016: -$94,1912016Assets 2017: $2,450,737Liabilities 2017: $2,645,507Net Assets 2017: -$194,7702017Assets 2018: $2,412,344Liabilities 2018: $2,651,759Net Assets 2018: -$239,4152018Assets 2019: $2,296,546Liabilities 2019: $2,645,165Net Assets 2019: -$348,6192019Assets 2020: $2,193,801Liabilities 2020: $2,651,749Net Assets 2020: -$457,9482020Assets 2021: $2,086,979Liabilities 2021: $2,663,015Net Assets 2021: -$576,0362021Assets 2022: $1,979,520Liabilities 2022: $2,678,054Net Assets 2022: -$698,5342022Assets 2023: $1,893,398Liabilities 2023: $173,333Net Assets 2023: $1,720,0652023Assets 2024: $1,889,863Liabilities 2024: $210,300Net Assets 2024: $1,679,5632024Assets 2025: $1,726,039Liabilities 2025: $153,455Net Assets 2025: $1,572,5842025

Highlighted filing

2019

Assets$2,296,546
Liabilities$2,645,165
Net Assets-$348,619

Operations Trend

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$400K$200K$0-$200KExpenses 2010: $138,5772010Expenses 2011: $223,5052011Revenue 2012: $129,977Expenses 2012: $217,747Net Income 2012: -$87,7702012Expenses 2013: $226,5552013Revenue 2014: $131,566Expenses 2014: $228,703Net Income 2014: -$97,1372014Revenue 2015: $134,611Expenses 2015: $229,639Net Income 2015: -$95,0282015Revenue 2016: $128,410Expenses 2016: $230,556Net Income 2016: -$102,1462016Revenue 2017: $130,313Expenses 2017: $230,892Net Income 2017: -$100,5792017Revenue 2018: $199,102Expenses 2018: $243,747Net Income 2018: -$44,6452018Revenue 2019: $132,210Expenses 2019: $241,414Net Income 2019: -$109,2042019Revenue 2020: $134,498Expenses 2020: $243,827Net Income 2020: -$109,3292020Revenue 2021: $136,270Expenses 2021: $254,358Net Income 2021: -$118,0882021Revenue 2022: $140,617Expenses 2022: $263,115Net Income 2022: -$122,4982022Revenue 2023: $167,640Expenses 2023: $264,641Net Income 2023: -$97,0012023Revenue 2024: $304,506Expenses 2024: $345,008Net Income 2024: -$40,5022024Revenue 2025: $221,175Expenses 2025: $328,154Net Income 2025: -$106,9792025

Highlighted filing

2019

Revenue$132,210
Expenses$241,414
Net Income-$109,204
Jump To
Filing Snapshot
Filing Period
May 1, 2018 to Apr 30, 2019
Signed
Aug 23, 2019
Return Version
2018v3.1
Gross Receipts
$132,210
Mission and Program Overview

Mission

Southwest housing providers was created for the purpose of constructing, owning and operating a rental housing complex under section 202 of the national housing act which is regulated by the u.s. Department of housing abd urban development (hud)with respect to rental charges and operating methods. The project consists of 20 units located in pagosa springs, colorado and is currently operating under the name socorro senior living. The project's major program is its section 202 capital advance.

Southwest housing providers is a building with 20 units located in pagosa springs, colorado and is currently operating under the name socorro senior living. Socorro senior living accomodates the needs of seniors who are able to live independently with or without some supportive services. Community spaces include coin operated laundry facilities, and a technology niche in the community room. A small office space and restroom completes the common areas. The community room will provide space for social and educational activities, which will foster a sense of family and support within the project. Activities will seek to overcome the social isolation often encountered with seniors.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$2,259,978$2,149,273▼ $110,705
Savings and Temporary Cash Investments$135,691$137,869▲ $2,178
Cash and Non-Interest-Bearing Accounts$15,631$8,430▼ $7,201
Prepaid Expenses and Deferred Charges$1,044$937▼ $107
Total Assets$2,412,344$2,296,546▼ $115,798
Other Assets Total-$37-
Liabilities
Mortgage Notes Payable Secured by Investment Property$2,629,600$2,629,600→ $0
Accounts Payable and Accrued Expenses$16,644$10,126▼ $6,518
Other Liabilities$5,515$5,439▼ $76
Total Liabilities$2,651,759$2,645,165▼ $6,594
Net Assets / Fund Balance
Unrestricted Net Assets$28$-758▼ $786
Temporarily Rstr Net Assets$-239,443$-347,861▼ $108,418
Total Net Assets Fund Balance$-239,415$-348,619▼ $109,204
Total Liabilities and Net Assets / Fund Balance$2,412,344$2,296,546▼ $115,798

Asset Categories

AssetBook ValueDepreciationBasis
Other Land Buildings$1,943,958$1,040,365$2,984,323
Land$143,000-$143,000
Buildings$62,315$3,595$65,910
Compensation and Service Providers

Board Members and Trustees

NameTitle
Jim BolenChairman
Jaddis MartinVice Chair
Beverly ArrendellBoard Member
Christina KnoellBoard Member
Shelly LowBoard Member
Elizabeth SalkindEx-officio B
Cindi GalabotaSecretary
Kent SchaferTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$67,121
Program Service Revenue
$65,059
Investment Income
$30
Other Revenue
$0
Change in Net Assets
$-109,204

Audited Revenue Reconciliation

Revenue per Audited Statements
$132,210
Total Revenue per Audited Statements
$132,210
Total Revenue per Form 990
$132,210
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$193,700
Salaries, Compensation, and Employee Benefits$47,714
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Depreciation Depletion$110,705--$110,705
Other Salaries and Wages$41,426--$41,426
Fees for Services Other$17,176--$17,176
Fees for Services Management$11,680--$11,680
All Other Expenses$9,890$307-$10,197
Fees for Services Accounting-$9,300-$9,300
Office Expenses-$6,399-$6,399
Insurance$5,690--$5,690
Other Expenses$4,146--$4,146
Payroll Taxes$3,658--$3,658
Other Employee Benefits$2,630--$2,630
Travel-$974-$974
Fees for Services Legal-$200-$200
Total Functional Expenses$224,234$17,180$0$241,414

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$241,414
Total Expenses per Audited Statements$241,414
Total Expenses per Form 990$241,414
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
Security Deposits$5,439
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
No
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
No
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Page 6, Part VI, Line 11B

Form 990 is provided to the organization for review and approval prior to the return being e-filed with the irs.

Form 990, Page 6, Part VI, Line 12C

Conflict of interest policy: conflict of interest, both real and apparent, is prohibited by southwest housing providers (swhp). It is the policy of swhp that a person s status as an officer, employee or agent of swhp shall not be used to influence decisions in such a way that family members, an organization or business

Form 990, Page 6, Part VI, Line 18

The organization makes its form 990 available upon request.

Form 990, Page 6, Part VI, Line 19

The organization makes its form 990 and financial statements available upon request.

Filing and Contact Details

Filer

Filer Name
Southwest Housing Providers
EIN
20-8197687
Phone
9702591086
Address
295 GIRARD STREET, DURANGO, CO 81303

Signing Officer

Name
Elizabeth Salkind
Title
Ex-officio Board Mem
Phone
9702591086
Signed
2019-08-23
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Jim Bolen
Formed
2007
Legal Domicile
Co
Voting Board Members
7
Independent Board Members
7
Employees
0
Volunteers
7

Preparer

Firm
May Jackson Hendrick LLC
Address
18801 E MAINSTREET STE 240, PARKER, CO 80134-3445
Preparer
Lori K Hendrick
Phone
3038414220
Supplemental Narrative

Additional Explanations

FORM 990 - ORGANIZATION'S MISSION

Southwest housing providers was created for the purpose of constructing, owning and operating a rental housing complex under section 202 of the national housing act which is regulated by the u.s. Department of housing and urban development (hud) with respect to rental charges and operating methods. The project consists of 20 units located in pagosa springs, coloraod and is currently operating under the name socorros senior living. The project's major program is its section 202 capital advance.

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IRS990/SavingsAndTempCashInvstGrp/EOYAmt0137869
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IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus3YearsAmt063636
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus4YearsAmt074375
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IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus4YearsAmt060205
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IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus3YearsAmt035
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IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus2YearsAmt0130313
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus3YearsAmt0128375
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus4YearsAmt0134580
IRS990ScheduleA/Total509Grp/TotalAmt0724580
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IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus1YearAmt0199102
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus2YearsAmt0130349
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus3YearsAmt0128410
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus4YearsAmt0134611
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IRS990ScheduleD/BuildingsGrp/DepreciationAmt03595
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt065910
IRS990ScheduleD/ExpensesSubtotalAmt0241414
IRS990ScheduleD/LandGrp/BookValueAmt0143000
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt0143000
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt01943958
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt01040365
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt02984323
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt05439
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0SECURITY DEPOSITS
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IRS990ScheduleD/TotalExpensesPerForm990Amt0241414
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IRS990ScheduleD/TotalRevenuePerForm990Amt0132210
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IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/TransactionDesc0HSSW MANAGES SWHP
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1FORM 990 IS PROVIDED TO THE ORGANIZATION FOR REVIEW AND APPROVAL PRIOR TO THE RETURN BEING E-FILED WITH THE IRS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2CONFLICT OF INTEREST POLICY: CONFLICT OF INTEREST, BOTH REAL AND APPARENT, IS PROHIBITED BY SOUTHWEST HOUSING PROVIDERS (SWHP). IT IS THE POLICY OF SWHP THAT A PERSON S STATUS AS AN OFFICER, EMPLOYEE OR AGENT OF SWHP SHALL NOT BE USED TO INFLUENCE DECISIONS IN SUCH A WAY THAT FAMILY MEMBERS, AN ORGANIZATION OR BUSINESS
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE ORGANIZATION MAKES ITS FORM 990 AVAILABLE UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4THE ORGANIZATION MAKES ITS FORM 990 AND FINANCIAL STATEMENTS AVAILABLE UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990 - ORGANIZATION'S MISSION
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IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PAGE 6, PART VI, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PAGE 6, PART VI, LINE 18
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PAGE 6, PART VI, LINE 19
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IRS990/SignificantChangeInd0false
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IRS990/SubjectToExcsTaxNetInvstIncInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/SubjToTaxRmnrtnExPrchtPymtInd0false
IRS990/TaxablePartyNotificationInd0false
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IRS990/TemporarilyRstrNetAssetsGrp/EOYAmt0-347861
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IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
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IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0224234
IRS990/TotalFunctionalExpensesGrp/TotalAmt0241414
IRS990/TotalGrossUBIAmt00
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IRS990/TotalLiabilitiesEOYAmt02645165
IRS990/TotalLiabilitiesGrp/BOYAmt02651759
IRS990/TotalLiabilitiesGrp/EOYAmt02645165
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IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0-348619
IRS990/TotalProgramServiceExpensesAmt0224234
IRS990/TotalProgramServiceRevenueAmt065059
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt065089
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0132210
IRS990/TotalVolunteersCnt07
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt02412344
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt02296546
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IRS990/TravelGrp/TotalAmt0974
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IRS990/TypeOfOrganizationCorpInd0X
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IRS990/UponRequestInd0X
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IRS990/VotingMembersIndependentCnt07
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IRS990/WhistleblowerPolicyInd0true
ReturnHeader/BuildTS02019-02-21 02:37:17Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0ELIZABETH SALKIND
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0EX-OFFICIO BOARD MEM
ReturnHeader/BusinessOfficerGrp/PhoneNum09702591086
ReturnHeader/BusinessOfficerGrp/SignatureDt02019-08-23
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0SOUTHWEST HOUSING PROVIDERS
ReturnHeader/Filer/BusinessNameControlTxt0SOUT
ReturnHeader/Filer/EIN0208197687
ReturnHeader/Filer/PhoneNum09702591086
ReturnHeader/Filer/USAddress/AddressLine1Txt0295 GIRARD STREET
ReturnHeader/Filer/USAddress/CityNm0DURANGO
ReturnHeader/Filer/USAddress/StateAbbreviationCd0CO
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ReturnHeader/FilingSecurityInformation/FilingLicenseTypeCd0P
ReturnHeader/FilingSecurityInformation/IPAddress/IPv4AddressTxt0167.68.16.49
ReturnHeader/FilingSecurityInformation/IPDt02019-09-19
ReturnHeader/FilingSecurityInformation/IPTimezoneCd0CD
ReturnHeader/FilingSecurityInformation/IPTm011:48:57
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0201617168
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0MAY JACKSON HENDRICK LLC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt018801 E MAINSTREET STE 240
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0PARKER
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0CO
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd0801343445
ReturnHeader/PreparerPersonGrp/PhoneNum03038414220
ReturnHeader/PreparerPersonGrp/PreparationDt02019-09-19
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0LORI K HENDRICK
ReturnHeader/ReturnTs02019-09-19T11:48:57-05:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02018-05-01
ReturnHeader/TaxPeriodEndDt02019-04-30
ReturnHeader/TaxYr02018

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Detailed filing. Detailed filing data is available for this year.$1.73$0.15$1.57$0.22$0.33$0.11
2024Detailed filing. Detailed filing data is available for this year.$1.89$0.21$1.68$0.30$0.35$0.04
2023Detailed filing. Detailed filing data is available for this year.$1.89$0.17$1.72$0.17$0.26$0.10
2022Detailed filing. Detailed filing data is available for this year.$1.98$2.68$0.70$0.14$0.26$0.12
2021Detailed filing. Detailed filing data is available for this year.$2.09$2.66$0.58$0.14$0.25$0.12
2020Detailed filing. Detailed filing data is available for this year.$2.19$2.65$0.46$0.13$0.24$0.11
2019Detailed filing. Detailed filing data is available for this year.$2.30$2.65$0.35$0.13$0.24$0.11
2018Detailed filing. Detailed filing data is available for this year.$2.41$2.65$0.24$0.20$0.24$0.04
2017Detailed filing. Detailed filing data is available for this year.$2.45$2.65$0.19$0.13$0.23$0.10
2016Detailed filing. Detailed filing data is available for this year.$2.55$2.64$0.09$0.13$0.23$0.10
2015Detailed filing. Detailed filing data is available for this year.$2.65$2.64$0.01$0.13$0.23$0.10
2014Detailed filing. Detailed filing data is available for this year.$2.75$2.64$0.10$0.13$0.23$0.10
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.84$2.64$0.20$0.23
2012Summary only. Only limited summary data is available for this year.$2.94$2.64$0.29$0.13$0.22$0.09
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$3.11$2.72$0.39$0.22
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$3.30$2.85$0.46$0.14