Civic Intelligence

Villa Sierra Madre Inc

EIN 45-4091010 • 501(c)3 • Denver, CO

Profile

To provide affordable housing for 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

92nd percentile

0.94x

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

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

Liabilities / Revenue

94th percentile

2.77x

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

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

Net Margin

48th percentile

3.4%

Higher net margin than 48% of similar nonprofits.

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

Top Officer Pay

Score unavailable

No value available

No filing with officer rows is available for this organization yet.

Asset Growth

45th percentile

2.2%

Faster asset growth than 45% of similar nonprofits.

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

Revenue Growth

73rd percentile

25%

Faster revenue growth than 73% of similar nonprofits.

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

Assets

Up

$3,071,641

Up $64,802 (+2.2%) from 2023

Liabilities

Up

$2,892,399

Up $29,424 (+1.0%) from 2023

Net Assets

Up

$179,242

Up $35,378 (+25%) from 2023

Revenue

Up

$1,044,758

Up $211,555 (+25%) from 2023

Expenses

Up

$1,009,380

Up $71,659 (+7.6%) from 2023

Net Income

Up

$35,378

Up $139,896 (+134%) from 2023

Trend Graphs

Balance Sheet Trend

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

$6.0M$4.0M$2.0M$0Assets 2012: $4,668,463Liabilities 2012: $4,186,459Net Assets 2012: $482,0042012Assets 2013: $4,608,756Liabilities 2013: $3,131,659Net Assets 2013: $1,477,0972013Assets 2014: $4,455,101Liabilities 2014: $3,051,504Net Assets 2014: $1,403,5972014Assets 2015: $4,336,121Liabilities 2015: $2,951,164Net Assets 2015: $1,384,9572015Assets 2016: $4,235,086Liabilities 2016: $2,870,600Net Assets 2016: $1,364,4862016Assets 2017: $4,196,242Liabilities 2017: $2,787,385Net Assets 2017: $1,408,8572017Assets 2018: $4,052,593Liabilities 2018: $3,126,314Net Assets 2018: $926,2792018Assets 2019: $3,973,450Liabilities 2019: $3,101,965Net Assets 2019: $871,4852019Assets 2020: $3,557,214Liabilities 2020: $3,106,451Net Assets 2020: $450,7632020Assets 2021: $3,323,644Liabilities 2021: $2,955,387Net Assets 2021: $368,2572021Assets 2022: $3,146,541Liabilities 2022: $2,898,159Net Assets 2022: $248,3822022Assets 2023: $3,006,839Liabilities 2023: $2,862,975Net Assets 2023: $143,8642023Assets 2024: $3,071,641Liabilities 2024: $2,892,399Net Assets 2024: $179,2422024

Highlighted filing

2024

Assets$3,071,641
Liabilities$2,892,399
Net Assets$179,242

Operations Trend

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

$3.0M$2.0M$1.0M$0-$1.0MRevenue 2012: $2,480,146Expenses 2012: $992,081Net Income 2012: $1,488,0652012Revenue 2013: $1,689,844Expenses 2013: $694,751Net Income 2013: $995,0932013Revenue 2014: $660,756Expenses 2014: $734,256Net Income 2014: -$73,5002014Revenue 2015: $675,639Expenses 2015: $694,279Net Income 2015: -$18,6402015Revenue 2016: $670,461Expenses 2016: $690,932Net Income 2016: -$20,4712016Revenue 2017: $711,273Expenses 2017: $666,902Net Income 2017: $44,3712017Revenue 2018: $314,776Expenses 2018: $797,354Net Income 2018: -$482,5782018Revenue 2019: $717,478Expenses 2019: $772,272Net Income 2019: -$54,7942019Revenue 2020: $696,467Expenses 2020: $825,177Net Income 2020: -$128,7102020Revenue 2021: $654,386Expenses 2021: $736,892Net Income 2021: -$82,5062021Revenue 2022: $658,033Expenses 2022: $777,908Net Income 2022: -$119,8752022Revenue 2023: $833,203Expenses 2023: $937,721Net Income 2023: -$104,5182023Revenue 2024: $1,044,758Expenses 2024: $1,009,380Net Income 2024: $35,3782024

Highlighted filing

2024

Revenue$1,044,758
Expenses$1,009,380
Net Income$35,378

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
$1,044,758
Mission and Program Overview

Mission

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

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

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$1,484,419$1,284,942▼ $199,477
Cash and Non-Interest-Bearing Accounts$821,372$1,028,747▲ $207,375
Savings and Temporary Cash Investments$616,446$639,393▲ $22,947
Prepaid Expenses and Deferred Charges$45,694$44,650▼ $1,044
Accounts Receivable$1,527$40,464▲ $38,937
Total Assets$3,006,839$3,071,641▲ $64,802
Other Assets Total$37,381$33,445▼ $3,936
Liabilities
Other Liabilities$2,831,725$2,766,046▼ $65,679
Accounts Payable and Accrued Expenses$31,250$126,353▲ $95,103
Total Liabilities$2,862,975$2,892,399▲ $29,424
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$143,864$179,242▲ $35,378
Total Net Assets Fund Balance$143,864$179,242▲ $35,378
Total Liabilities and Net Assets / Fund Balance$3,006,839$3,071,641▲ $64,802

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$738,142$5,662,312$6,400,454
Land$507,583-$507,583
Other Land Buildings$31,489$122,658$154,147
Equipment$7,728$40,320$48,048
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 MunroeChair
Philip VottieroCFO
Bob GrossSecretary
Tim ZaleskiTreasurer
Justin RaddatzVP of Development
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$1,039,559
Investment Income
$5,199
Other Revenue
$0
Change in Net Assets
$35,378

Audited Revenue Reconciliation

Revenue per Audited Statements
$1,044,758
Total Revenue per Audited Statements
$1,044,758
Total Revenue per Form 990
$1,044,758
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$1,009,380
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
Depreciation Depletion$270,709--$270,709
Interest$113,284--$113,284
Occupancy$90,493--$90,493
Fees for Services Management-$69,592-$69,592
Other Expenses$23,958$22,093-$23,958
Fees for Services Other-$11,500-$11,500
All Other Expenses$3,935--$3,935
Total Functional Expenses$906,195$103,185$0$1,009,380

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$1,009,380
Total Expenses per Audited Statements$1,009,380
Total Expenses per Form 990$1,009,380
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$2,704,198
Tenant Security Deposits$58,722
Prepaid Rent$3,126
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

Villa sierra madre, inc. Contracts with an affiliate, housing management services, inc., to provide management services.

Form 990, Page 6, Part VI, Line 6

Villa sierra madre, inc. Has one voting member: archdiocesan housing, inc.

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

Villa sierra madre, 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
Villa Sierra Madre Inc
EIN
45-4091010
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
2012
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 villa sierra madre, inc. Does not submit any w-2 forms; however, the number of w-2s submitted on behalf of villa sierra madre, 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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IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0NOTES PAYABLE TO CACHC
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0LINE 2A: CATHOLIC CHARITIES ACTS AS A COMMON PAYMASTER FOR THE PROJECT, THUS VILLA SIERRA MADRE, INC. DOES NOT SUBMIT ANY W-2 FORMS; HOWEVER, THE NUMBER OF W-2S SUBMITTED ON BEHALF OF VILLA SIERRA MADRE, INC. IS INCLUDED ON FORM 990, PART V, LINE 2A. FOR FUNCTIONAL EXPENSE PURPOSES, THESE AMOUNTS ARE LISTED AS REIMBURSED SHARED SALARIES.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1VILLA SIERRA MADRE, INC. CONTRACTS WITH AN AFFILIATE, HOUSING MANAGEMENT SERVICES, INC., TO PROVIDE MANAGEMENT SERVICES.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2VILLA SIERRA MADRE, INC. HAS ONE VOTING MEMBER: ARCHDIOCESAN HOUSING, INC.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3VILLA SIERRA MADRE, 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/GiftGrntOrCapContriToOthOrgInd0false
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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/BusinessNameLine1Txt16VILLAS DE SANTA LUCIA INC
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine2Txt0SERVICES INC
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine2Txt1HOUSING CORPORATION
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/EIN0841349027
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IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/EIN4840686679

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