Civic Intelligence

Villas De Santa Lucia Inc

EIN 26-2818954 • 501(c)3 • Denver, CO

Profile

To provide affordable housing to low- and moderate-income families

6240 Smith RoadDenver, CO 80216

www.archdiocesanhousing.org

Siviq Scores

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

Liabilities / Assets

96th percentile

1.33x

Higher debt load relative to assets than 96% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Source year 2024

Liabilities / Revenue

95th percentile

2.99x

Higher debt load relative to revenue than 95% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Source year 2024

Net Margin

70th percentile

17%

Higher net margin than 70% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Source year 2024

Top Officer Pay

94th percentile

$293,128

Higher top officer pay than 94% of similar nonprofits.

Top officer pay equals 36.1% of source-year revenue.

501(c)3 • $1M-$5M nonprofits • Source year 2024

Asset Growth

58th percentile

6.5%

Faster asset growth than 58% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Annualized from 2023 to 2024

Revenue Growth

60th percentile

13%

Faster revenue growth than 60% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Annualized from 2023 to 2024

Assets

Up

$1,828,427

Up $112,308 (+6.5%) from 2023

Liabilities

Down

$2,426,567

Down $24,751 (-1.0%) from 2023

Net Assets

Up

-$598,140

Up $137,059 (+19%) from 2023

Revenue

Up

$810,884

Up $95,809 (+13%) from 2023

Expenses

Down

$673,825

Down $1,811 (-0.3%) from 2023

Net Income

Up

$137,059

Up $97,620 (+248%) from 2023

Trend Graphs

Balance Sheet Trend

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

$4.0M$2.0M$0-$2.0MAssets 2013: $3,397,837Liabilities 2013: $2,583,893Net Assets 2013: $813,9442013Assets 2014: $3,167,464Liabilities 2014: $2,458,006Net Assets 2014: $709,4582014Assets 2015: $3,038,984Liabilities 2015: $2,430,618Net Assets 2015: $608,3662015Assets 2016: $2,865,700Liabilities 2016: $2,347,891Net Assets 2016: $517,8092016Assets 2017: $2,736,434Liabilities 2017: $2,302,066Net Assets 2017: $434,3682017Assets 2018: $2,582,525Liabilities 2018: $2,678,257Net Assets 2018: -$95,7322018Assets 2019: $2,395,221Liabilities 2019: $2,664,212Net Assets 2019: -$268,9912019Assets 2020: $2,131,255Liabilities 2020: $2,595,687Net Assets 2020: -$464,4322020Assets 2021: $1,892,418Liabilities 2021: $2,544,328Net Assets 2021: -$651,9102021Assets 2022: $1,716,159Liabilities 2022: $2,490,797Net Assets 2022: -$774,6382022Assets 2023: $1,716,119Liabilities 2023: $2,451,318Net Assets 2023: -$735,1992023Assets 2024: $1,828,427Liabilities 2024: $2,426,567Net Assets 2024: -$598,1402024

Highlighted filing

2024

Assets$1,828,427
Liabilities$2,426,567
Net Assets-$598,140

Operations Trend

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

$1.0M$500K$0-$500K-$1.0MRevenue 2013: $603,014Expenses 2013: $709,297Net Income 2013: -$106,2832013Revenue 2014: $604,052Expenses 2014: $708,538Net Income 2014: -$104,4862014Revenue 2015: $618,483Expenses 2015: $719,575Net Income 2015: -$101,0922015Revenue 2016: $614,292Expenses 2016: $704,849Net Income 2016: -$90,5572016Revenue 2017: $648,162Expenses 2017: $731,603Net Income 2017: -$83,4412017Revenue 2018: $244,090Expenses 2018: $774,190Net Income 2018: -$530,1002018Revenue 2019: $646,441Expenses 2019: $819,700Net Income 2019: -$173,2592019Revenue 2020: $642,943Expenses 2020: $838,384Net Income 2020: -$195,4412020Revenue 2021: $625,244Expenses 2021: $812,722Net Income 2021: -$187,4782021Revenue 2022: $661,013Expenses 2022: $783,741Net Income 2022: -$122,7282022Revenue 2023: $715,075Expenses 2023: $675,636Net Income 2023: $39,4392023Revenue 2024: $810,884Expenses 2024: $673,825Net Income 2024: $137,0592024

Highlighted filing

2024

Revenue$810,884
Expenses$673,825
Net Income$137,059

Filings

Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2024 to Dec 31, 2024
Signed
Sep 9, 2025
Return Version
2024v5.0
Gross Receipts
$810,884
Mission and Program Overview

Mission

To provide affordable housing for low- and moderate-income families and elderly.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$913,584$844,300▼ $69,284
Savings and Temporary Cash Investments$648,252$672,488▲ $24,236
Cash and Non-Interest-Bearing Accounts$72,622$200,454▲ $127,832
Prepaid Expenses and Deferred Charges$44,609$45,145▲ $536
Accounts Receivable-$32,923-
Total Assets$1,716,119$1,828,427▲ $112,308
Other Assets Total$37,052$33,117▼ $3,935
Liabilities
Other Liabilities$2,428,841$2,374,399▼ $54,442
Accounts Payable and Accrued Expenses$22,477$52,168▲ $29,691
Total Liabilities$2,451,318$2,426,567▼ $24,751
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$-735,199$-598,140▲ $137,059
Total Net Assets Fund Balance$-735,199$-598,140▲ $137,059
Total Liabilities and Net Assets / Fund Balance$1,716,119$1,828,427▲ $112,308

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$330,693$6,639,489$6,970,182
Other Land Buildings$149,696$317,757$467,453
Land$347,910-$347,910
Equipment$16,001$46,348$62,349
Compensation and Service Providers

Employees

NameTitleOtherTotal
Justin RaddatzVP of Develo$293,128$293,128
Stacy WahrerEd-hms$140,988$140,988

Board Members and Trustees

NameTitle
Bob MonroeChair
Philip VottieroCFO
Bob GrossSecretary
Tim ZaleskiTreasurer
Justin RaddatzVP of Development
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$804,516
Investment Income
$6,368
Other Revenue
$0
Change in Net Assets
$137,059

Audited Revenue Reconciliation

Revenue per Audited Statements
$810,884
Total Revenue per Audited Statements
$810,884
Total Revenue per Form 990
$810,884
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$673,825
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Interest$97,046--$97,046
Occupancy$78,552--$78,552
Depreciation Depletion$75,613--$75,613
Fees for Services Management-$56,932-$56,932
Other Expenses$24,520$22,093-$24,520
Fees for Services Other-$11,500-$11,500
All Other Expenses$3,935--$3,935
Total Functional Expenses$583,300$90,525$0$673,825

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$673,825
Total Expenses per Audited Statements$673,825
Total Expenses per Form 990$673,825
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
Notes Payable to Cachc$2,316,938
Tenant Security Deposits$53,055
Prepaid Rent$4,406
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
No
Business relationship with 35% controlled entity
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
Yes
Management duties delegated
Yes

Governance Explanations

Form 990, Page 6, Part VI, Line 3

Villas de santa lucia, inc. Contracts with an affiliate, housing management services, inc., to provide management services.

Form 990, Page 6, Part VI, Line 6

Villas de santa lucia, inc. Has one voting member: archdiocesan housing, inc.

Form 990, Page 6, Part VI, Line 7A

Villas de santa lucia, inc.'s sole member, archdiocesan housing, inc., has the authority to appoint members of the governing body.

Form 990, Page 6, Part VI, Line 7B

The voting member reserves all management rights in the corporation but may delegate such management rights to the board of directors in the voting member's sole discretion. When not delegated by the voting member or the board of directors, the business and affairs of the corporation shall be managed by the voting member. The voting member shall have the sole authority to appoint the executive director of the corporation.

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

Prior to filing, a copy of form 990 is reviewed by the finance committee in detail and is distributed to the full board for review.

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

The board of directors and employees are obligated to disclose conflicts and complete annual disclosure statements.

Form 990, Page 6, Part VI, Line 19

Documents are available upon request.

Filing and Contact Details

Filer

Filer Name
Villas De Santa Lucia Inc
EIN
26-2818954
Phone
3038300215
Address
6240 SMITH ROAD, DENVER, CO 80216

Signing Officer

Name
Philip Vottiero
Title
CFO
Phone
3038300215
Signed
2025-09-09
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Philip Vottiero
Formed
2009
Legal Domicile
Co
Voting Board Members
3
Independent Board Members
3
Employees
2
Volunteers
3

Preparer

Firm
Kundinger Corder & Montoya Pc
Address
475 LINCOLN STREET SUITE 200, DENVER, CO 80203
Preparer
Steven Corder
Phone
3035345953
Supplemental Narrative

Additional Explanations

Form 990, Part V

Line 2a: catholic charities acts as a common paymaster for the project, thus villas de santa lucia, inc. Does not submit any w-2 forms; however, the number of w-2s submitted on behalf of villas de santa lucia, inc. Is included on form 990, part v, line 2a. For functional expense purposes, these amounts are listed as reimbursed shared salaries.

Form 990, Part XII

Line 2c: the finance committee meets annually with the outside auditor to review the results of the audit. An executive session meeting without staff present is held at that same time. There has been no change in the process of oversight of the audit from the prior year.

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IRS990ScheduleA/SupportedOrgInformationGrp/SupportedOrganizationName/BusinessNameLine1Txt0ARCHDIOCESE OF DENVER
IRS990ScheduleA/SupportedOrgInformationGrp/SupportedOrganizationName/BusinessNameLine1Txt1ARCHDIOCESAN HOUSING INC
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0LINE 2A: CATHOLIC CHARITIES ACTS AS A COMMON PAYMASTER FOR THE PROJECT, THUS VILLAS DE SANTA LUCIA, INC. DOES NOT SUBMIT ANY W-2 FORMS; HOWEVER, THE NUMBER OF W-2S SUBMITTED ON BEHALF OF VILLAS DE SANTA LUCIA, INC. IS INCLUDED ON FORM 990, PART V, LINE 2A. FOR FUNCTIONAL EXPENSE PURPOSES, THESE AMOUNTS ARE LISTED AS REIMBURSED SHARED SALARIES.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1VILLAS DE SANTA LUCIA, INC. CONTRACTS WITH AN AFFILIATE, HOUSING MANAGEMENT SERVICES, INC., TO PROVIDE MANAGEMENT SERVICES.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2VILLAS DE SANTA LUCIA, INC. HAS ONE VOTING MEMBER: ARCHDIOCESAN HOUSING, INC.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3VILLAS DE SANTA LUCIA, INC.'S SOLE MEMBER, ARCHDIOCESAN HOUSING, INC., HAS THE AUTHORITY TO APPOINT MEMBERS OF THE GOVERNING BODY.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4THE VOTING MEMBER RESERVES ALL MANAGEMENT RIGHTS IN THE CORPORATION BUT MAY DELEGATE SUCH MANAGEMENT RIGHTS TO THE BOARD OF DIRECTORS IN THE VOTING MEMBER'S SOLE DISCRETION. WHEN NOT DELEGATED BY THE VOTING MEMBER OR THE BOARD OF DIRECTORS, THE BUSINESS AND AFFAIRS OF THE CORPORATION SHALL BE MANAGED BY THE VOTING MEMBER. THE VOTING MEMBER SHALL HAVE THE SOLE AUTHORITY TO APPOINT THE EXECUTIVE DIRECTOR OF THE CORPORATION.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5PRIOR TO FILING, A COPY OF FORM 990 IS REVIEWED BY THE FINANCE COMMITTEE IN DETAIL AND IS DISTRIBUTED TO THE FULL BOARD FOR REVIEW.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6THE BOARD OF DIRECTORS AND EMPLOYEES ARE OBLIGATED TO DISCLOSE CONFLICTS AND COMPLETE ANNUAL DISCLOSURE STATEMENTS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt7DOCUMENTS ARE AVAILABLE UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt8LINE 2C: THE FINANCE COMMITTEE MEETS ANNUALLY WITH THE OUTSIDE AUDITOR TO REVIEW THE RESULTS OF THE AUDIT. AN EXECUTIVE SESSION MEETING WITHOUT STAFF PRESENT IS HELD AT THAT SAME TIME. THERE HAS BEEN NO CHANGE IN THE PROCESS OF OVERSIGHT OF THE AUDIT FROM THE PRIOR YEAR.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART V
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PAGE 6, PART VI, LINE 3
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PAGE 6, PART VI, LINE 6
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PAGE 6, PART VI, LINE 7A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PAGE 6, PART VI, LINE 7B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6FORM 990, PAGE 6, PART VI, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc7FORM 990, PAGE 6, PART VI, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc8FORM 990, PART XII
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IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt0ARCHDIOCESAN FAMILY HOUSING INC
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt1ARCHDIOCESAN HOUSING INC
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt2CATHEDRAL PLAZA INC
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt3CATHOLIC ARCHDIOCESE OF DENVER
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt4CATHOLIC CHARITIES AND COMMUNITY
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt5COLORADO AFFORDABLE CATHOLIC
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt6GOLDEN SPIKE INC
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt7HIGGINS PLAZA INC
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt8HOLY CROSS VILLAGE INC
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt9HOLY FAMILY PLAZA INC
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt10HOUSING MANAGEMENT SERVICES INC
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt11MACHEBEUF APARTMENTS INC
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt12MADONNA PLAZA INC
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt13MARIAN PLAZA INC
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt14PRAIRIE ROSE PLAZA INC
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt15ST MARTIN PLAZA INC
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt16VILLA SIERRA MADRE INC
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine2Txt0SERVICES INC
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine2Txt1HOUSING CORPORATION
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