Civic Intelligence

Gunnison Valley Housing Foundation

990 • Fiscal year 2021 • EIN 27-2032108

Jan 01, 2021 to Dec 31, 2021 • Filed on Nov 14, 2022

Organization Profilevhfund.org
PO Box 1742Gunnison, CO 81230

(970) 901-9032

Siviq Scores

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

Liabilities / Assets

19th percentile

0.00x

Higher debt load relative to assets than 19% of similar nonprofits.

2021 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2021

Liabilities / Revenue

28th percentile

0.01x

Higher debt load relative to revenue than 28% of similar nonprofits.

2021 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2021

Net Margin

3rd percentile

-77%

Higher net margin than 3% of similar nonprofits.

2021 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2021

Top Officer Pay

39th percentile

$0

Higher top officer pay than 39% of similar nonprofits.

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

2021 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2021

Asset Growth

38th percentile

4.0%

Faster asset growth than 38% of similar nonprofits.

2021 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2020 to 2021

Revenue Growth

1st percentile

-95%

Faster revenue growth than 1% of similar nonprofits.

2021 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2020 to 2021

Balance Sheet
Liabilities / Assets19th percentile

Assets

Up

$3,817,710

Up $148,127 (+4.0%) from 2020

Net Assets

Up

$3,815,710

Up $149,646 (+4.1%) from 2020

Liabilities

Down

$2,000

Down $1,519 (-43%) from 2020

Revenue And Expenses
Liabilities / Revenue28th percentileNet Margin3rd percentile

Revenue

Down

$142,156

Down $2,519,987 (-95%) from 2020

Expenses

Up

$250,942

Up $171,607 (+216%) from 2020

Net Income

Down

-$108,786

Down $2,691,594 (-104%) from 2020

Historical Trend

Balance Sheet Trend

Asset Growth38th percentile

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

$4.0M$3.0M$2.0M$1.0M$0Assets 2017: $984,833Liabilities 2017: $0Net Assets 2017: $984,8332017Assets 2018: $916,133Liabilities 2018: $0Net Assets 2018: $916,1332018Assets 2019: $948,722Liabilities 2019: $0Net Assets 2019: $948,7222019Assets 2020: $3,669,583Liabilities 2020: $3,519Net Assets 2020: $3,666,0642020Assets 2021: $3,817,710Liabilities 2021: $2,000Net Assets 2021: $3,815,7102021Assets 2022: $3,520,333Liabilities 2022: $24,646Net Assets 2022: $3,495,6872022Assets 2023: $3,560,717Liabilities 2023: $38,047Net Assets 2023: $3,522,6702023Assets 2024: $3,499,547Liabilities 2024: $10,134Net Assets 2024: $3,489,4132024

Highlighted filing

2021

Assets$3,817,710
Liabilities$2,000
Net Assets$3,815,710
Open 2021 Filing

Operations Trend

Revenue Growth1st percentile

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

$3.0M$2.0M$1.0M$0-$1.0MRevenue 2017: $61,453Expenses 2017: $47,905Net Income 2017: $13,5482017Revenue 2018: $16,428Expenses 2018: $63,876Net Income 2018: -$47,4482018Revenue 2019: $19,946Expenses 2019: $86,884Net Income 2019: -$66,9382019Revenue 2020: $2,662,143Expenses 2020: $79,335Net Income 2020: $2,582,8082020Revenue 2021: $142,156Expenses 2021: $250,942Net Income 2021: -$108,7862021Revenue 2022: $542,521Expenses 2022: $468,349Net Income 2022: $74,1722022Revenue 2023: $236,249Expenses 2023: $393,625Net Income 2023: -$157,3762023Revenue 2024: $105,102Expenses 2024: $303,360Net Income 2024: -$198,2582024

Highlighted filing

2021

Revenue$142,156
Expenses$250,942
Net Income-$108,786
Open 2021 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2021 to Dec 31, 2021
Signed
Nov 14, 2022
Return Version
2021v4.1
Gross Receipts
$147,930
Mission and Program Overview

Mission

SEE SCHEDULE O

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments Other Securities$1,534,042$1,775,280▲ $241,238
Savings and Temporary Cash Investments$1,270,974$1,153,356▼ $117,618
Land, Buildings, and Equipment, Net$526,408$573,895▲ $47,487
Other Notes and Loans Receivable, Net$250,000$178,150▼ $71,850
Cash and Non-Interest-Bearing Accounts$37,461$110,289▲ $72,828
Prepaid Expenses and Deferred Charges$0--
Total Assets$3,669,583$3,817,710▲ $148,127
Other Assets Total$50,698$26,740▼ $23,958
Liabilities
Other Liabilities$2,500$2,000▼ $500
Accounts Payable and Accrued Expenses$1,019--
Total Liabilities$3,519$2,000▼ $1,519
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$3,666,064$3,815,710▲ $149,646
Total Net Assets Fund Balance$3,666,064$3,815,710▲ $149,646
Total Liabilities and Net Assets / Fund Balance$3,669,583$3,817,710▲ $148,127

Asset Categories

AssetBook ValueDepreciationBasis
Leasehold Improvements$19,855$1,545$21,400
Equipment$0$4,791$4,791
Buildings$80,367$2,688-
Land$473,673--
Other Securities$630,822--
Financial Derivatives$0--
Compensation and Service Providers
Top Officer Pay39th percentile

Board Members and Trustees

NameTitle
Shaun MatusewiczChair
Susan KernsVice Chair
Bob GillieDirector
David OwenDirector
Jim GelwicksDirector
Jim StarrDirector
Michael BacaniDirector
Kevin DonovanSecretary
Melissa LamonicaTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$89,930
Program Service Revenue
$0
Investment Income
$32,977
Other Revenue
$19,249
All Other Contributions
$89,930
Change in Net Assets
$-108,786
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$179,000
Other Expenses$71,942
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs$179,000--$179,000
Other Expenses$32,046$0$0$32,046
Fees for Services Management$9,152$3,922$0$13,074
Conferences and Meetings$0$7,901$0$7,901
Depreciation Depletion$6,332$0$0$6,332
Advertising$3,686$384$0$4,070
Fees for Services Other$1,878$0$0$1,878
Fees for Services Legal$1,715$0$0$1,715
Fees for Services Accounting$0$1,137$0$1,137
Insurance$0$1,000$0$1,000
Office Expenses$0$920$0$920
Total Functional Expenses$235,678$15,264$0$250,942
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
City of GunnisonGunnison, CO-Affordable Housing$139,000
Gunnison Valley Regional Housing AuthorityGunnison, CO-Energy Efficiency for Affordable Housing$20,000
Habitat for HumanityGunnison, CO-Affordable Housing$20,000
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 Held$2,000
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
Yes
Annual disclosure for covered persons
Yes
Audit committee
Yes
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
Yes
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
Filing and Contact Details

Filer

Filer Name
Valley Housing Fund
EIN
27-2032108
Phone
9709019032
Address
PO BOX 1742, GUNNISON, CO 81230

Signing Officer

Name
Scott Desmarais
Title
President
Phone
9709019032
Signed
2022-11-14
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Scott Desmarais
Formed
2010
Legal Domicile
Co
Voting Board Members
6
Independent Board Members
6
Employees
0
Volunteers
9

Preparer

Firm
Douglas B Gorman Pc
Address
PO BOX 149 214 SIXTH ST, CRESTED BUTTE, CO 81224
Preparer
Douglas B Gorman
Phone
9703496156
Supplemental Narrative

Additional Explanations

Other

“The valley housing fund cooperatively creates and supports affordable, energy efficient housing using renewable and locally available resources as much as possible. The fund will contribute to more sustainable, resilient and healthy communities within the gunnison valley.”

Pt VI, Line 11B

“A copy of the 990 was provided to the organization's”

Pt VI, Line 11B

“Board of directors for their review prior to filing.”

Pt VI, Line 19

“Governing documents are made available to the public upon request.”

Pt VI, Line 15A

“The board of directors meets annually to discuss the compensation of the executive director and compare the amount to comparable positions.”

Pt XI

“Prior period adjustment is made for real estate donated in 2013 but not recorded on the general ledger. The amount of the real estate is reflected in the totals on schedule d part vi.”

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IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt01600
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt01200
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt07808
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt02728939
IRS990ScheduleA/GovtFurnSrvcFcltsVl170Grp/TotalAmt00
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearAmt058000
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus1YearAmt025344
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus2YearsAmt018346
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus3YearsAmt015228
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus4YearsAmt053645
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt0170563
IRS990ScheduleA/InvestmentIncomeCYPct00
IRS990ScheduleA/OtherIncome170Grp/TotalAmt00
IRS990ScheduleA/OtherSupportSumAmt00
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportCY170Pct00.94120
IRS990ScheduleA/PublicSupportCY509Pct00
IRS990ScheduleA/PublicSupportPY170Pct00.95910
IRS990ScheduleA/PublicSupportTotal170Amt02728939
IRS990ScheduleA/PublicSupportTotal509Amt00
IRS990ScheduleA/SubstantialContributorsTotAmt00
IRS990ScheduleA/TaxRevLeviedOrgnztnlBnft170Grp/TotalAmt00
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IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt089293
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt02629038
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt01600
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt01200
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt07808
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt02728939
IRS990ScheduleA/TotalSupportAmt02899502
IRS990ScheduleA/UnrelatedBusinessNetIncm170Grp/TotalAmt00
IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorNum0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine20RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0RESTRICTED
IRS990/ScheduleBRequiredInd0true
IRS990ScheduleD/BuildingsGrp/BookValueAmt080367
IRS990ScheduleD/BuildingsGrp/DepreciationAmt02688
IRS990ScheduleD/BuildingsGrp/InvestmentCostOrOtherBasisAmt083055
IRS990ScheduleD/EquipmentGrp/BookValueAmt00
IRS990ScheduleD/EquipmentGrp/DepreciationAmt04791
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt04791
IRS990ScheduleD/FinancialDerivativesGrp/BookValueAmt00
IRS990ScheduleD/FinancialDerivativesGrp/MethodValuationCd0C
IRS990ScheduleD/LandGrp/BookValueAmt0473673
IRS990ScheduleD/LandGrp/InvestmentCostOrOtherBasisAmt0473673
IRS990ScheduleD/LeaseholdImprovementsGrp/BookValueAmt019855
IRS990ScheduleD/LeaseholdImprovementsGrp/DepreciationAmt01545
IRS990ScheduleD/LeaseholdImprovementsGrp/OtherCostOrOtherBasisAmt021400
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt02000
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0SECURITY DEPOSITS HELD
IRS990ScheduleD/OtherSecuritiesGrp/BookValueAmt01144458
IRS990ScheduleD/OtherSecuritiesGrp/BookValueAmt1630822
IRS990ScheduleD/OtherSecuritiesGrp/Desc0FTSE SOCIAL INDEX FUND
IRS990ScheduleD/OtherSecuritiesGrp/Desc1TOTAL BOND MARKET INDEX ADMIRAL
IRS990ScheduleD/OtherSecuritiesGrp/MethodValuationCd0F
IRS990ScheduleD/OtherSecuritiesGrp/MethodValuationCd1F
IRS990ScheduleD/TotalBookValueLandBuildingsAmt0573895
IRS990ScheduleD/TotalBookValueSecuritiesAmt01775280
IRS990ScheduleD/TotalLiabilityAmt02000
IRS990ScheduleI/GrantRecordsMaintainedInd0false
IRS990ScheduleI/RecipientTable/CashGrantAmt0139000
IRS990ScheduleI/RecipientTable/CashGrantAmt120000
IRS990ScheduleI/RecipientTable/CashGrantAmt220000
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt0AFFORDABLE HOUSING
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt1ENERGY EFFICIENCY FOR AFFORDABLE HOUSING
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt2AFFORDABLE HOUSING
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt0CITY OF GUNNISON
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt1GUNNISON VALLEY REGIONAL HOUSING AUTHORITY
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt2HABITAT FOR HUMANITY
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IRS990ScheduleI/RecipientTable/RecipientEIN1461686495
IRS990ScheduleI/RecipientTable/RecipientEIN2841342438
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt0201 W VIRGINIA AVE
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt1202 E GEORGIA AVE
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt2303 N MAIN ST
IRS990ScheduleI/RecipientTable/USAddress/CityNm0GUNNISON
IRS990ScheduleI/RecipientTable/USAddress/CityNm1GUNNISON
IRS990ScheduleI/RecipientTable/USAddress/CityNm2GUNNISON
IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd0CO
IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd1CO
IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd2CO
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IRS990ScheduleI/RecipientTable/USAddress/ZIPCd181230
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IRS990ScheduleI/Total501c3OrgCnt03
IRS990ScheduleI/TotalOtherOrgCnt00
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE VALLEY HOUSING FUND COOPERATIVELY CREATES AND SUPPORTS AFFORDABLE, ENERGY EFFICIENT HOUSING USING RENEWABLE AND LOCALLY AVAILABLE RESOURCES AS MUCH AS POSSIBLE. THE FUND WILL CONTRIBUTE TO MORE SUSTAINABLE, RESILIENT AND HEALTHY COMMUNITIES WITHIN THE GUNNISON VALLEY.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1A COPY OF THE 990 WAS PROVIDED TO THE ORGANIZATION'S
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2BOARD OF DIRECTORS FOR THEIR REVIEW PRIOR TO FILING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3GOVERNING DOCUMENTS ARE MADE AVAILABLE TO THE PUBLIC UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4THE BOARD OF DIRECTORS MEETS ANNUALLY TO DISCUSS THE COMPENSATION OF THE EXECUTIVE DIRECTOR AND COMPARE THE AMOUNT TO COMPARABLE POSITIONS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5PRIOR PERIOD ADJUSTMENT IS MADE FOR REAL ESTATE DONATED IN 2013 BUT NOT RECORDED ON THE GENERAL LEDGER. THE AMOUNT OF THE REAL ESTATE IS REFLECTED IN THE TOTALS ON SCHEDULE D PART VI.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Other
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Pt VI, Line 11b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Pt VI, Line 11b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Pt VI, Line 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4Pt VI, Line 15a
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5Pt XI
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/SubjectToExcsTaxNetInvstIncInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/SubjToTaxRmnrtnExPrchtPymtInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt03669583
IRS990/TotalAssetsEOYAmt03817710
IRS990/TotalAssetsGrp/BOYAmt03669583
IRS990/TotalAssetsGrp/EOYAmt03817710
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt089930
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt015264
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0235678
IRS990/TotalFunctionalExpensesGrp/TotalAmt0250942
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt03519
IRS990/TotalLiabilitiesEOYAmt02000

Document Assets

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Filings

Displayed year

2021 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$3,817,710
Liabilities
$2,000
Net assets
$3,815,710
Revenue
$142,156
Expenses
$250,942
Net income
-$108,786
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$3.50$0.01$3.49$0.11$0.30$0.20
2023XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$3.56$0.04$3.52$0.24$0.39$0.16
2022Detailed filing. Detailed filing data is available for this year.$3.52$0.02$3.50$0.54$0.47$0.07
2021Detailed filing. Detailed filing data is available for this year.$3.82$0.00$3.82$0.14$0.25$0.11
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$3.67$0.00$3.67$2.66$0.08$2.58
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.95$0.00$0.95$0.02$0.09$0.07
2018Detailed filing. Detailed filing data is available for this year.$0.92$0.00$0.92$0.02$0.06$0.05
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.98$0.00$0.98$0.06$0.05$0.01