Civic Intelligence

Golden Spike Inc

990 • Fiscal year 2019 • EIN 47-5633102

Jul 01, 2018 to Jun 30, 2019 • Filed on Sep 25, 2019

Organization Profilewww.archhousing.com
6240 E Smith RoadDenver, CO 80216

(303) 830-0215

Siviq Scores

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

Liabilities / Assets

94th percentile

1.06x

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

2019 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2019

Liabilities / Revenue

94th percentile

5.13x

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

2019 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2019

Net Margin

81st percentile

23%

Higher net margin than 81% of similar nonprofits.

2019 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2019

Top Officer Pay

49th percentile

$174,115

Higher top officer pay than 49% of similar nonprofits.

Top officer pay equals 8.1% of source-year revenue.

2019 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2019

Asset Growth

98th percentile

152%

Faster asset growth than 98% of similar nonprofits.

2019 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2018 to 2019

Revenue Growth

16th percentile

-15%

Faster revenue growth than 16% of similar nonprofits.

2019 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2018 to 2019

Balance Sheet
Liabilities / Assets94th percentile

Assets

Up

$10,364,424

Up $6,253,546 (+152%) from 2018

Net Assets

Up

-$657,212

Up $489,879 (+43%) from 2018

Liabilities

Up

$11,021,636

Up $5,763,667 (+110%) from 2018

Revenue And Expenses
Liabilities / Revenue94th percentileNet Margin81st percentile

Revenue

Down

$2,150,115

Down $382,710 (-15%) from 2018

Expenses

Down

$1,660,236

Down $279,196 (-14%) from 2018

Net Income

Down

$489,879

Down $103,514 (-17%) from 2018

Historical Trend

Balance Sheet Trend

Asset Growth98th percentile

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

$15M$10M$5.0M$0-$5.0MAssets 2017: $2,837,647Liabilities 2017: $4,578,131Net Assets 2017: -$1,740,4842017Assets 2018: $4,110,878Liabilities 2018: $5,257,969Net Assets 2018: -$1,147,0912018Assets 2019: $10,364,424Liabilities 2019: $11,021,636Net Assets 2019: -$657,2122019Assets 2020: $12,132,649Liabilities 2020: $13,206,650Net Assets 2020: -$1,074,0012020Assets 2021: $11,617,522Liabilities 2021: $13,082,559Net Assets 2021: -$1,465,0372021Assets 2022: $11,788,053Liabilities 2022: $13,186,261Net Assets 2022: -$1,398,2082022Assets 2023: $11,118,889Liabilities 2023: $13,094,803Net Assets 2023: -$1,975,9142023Assets 2024: $10,733,803Liabilities 2024: $13,348,166Net Assets 2024: -$2,614,3632024Assets 2025: $10,206,008Liabilities 2025: $14,415,406Net Assets 2025: -$4,209,3982025

Highlighted filing

2019

Assets$10,364,424
Liabilities$11,021,636
Net Assets-$657,212
Open 2019 Filing

Operations Trend

Revenue Growth16th percentile

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

$4.0M$2.0M$0-$2.0MRevenue 2017: $1,913,245Expenses 2017: $1,447,399Net Income 2017: $465,8462017Revenue 2018: $2,532,825Expenses 2018: $1,939,432Net Income 2018: $593,3932018Revenue 2019: $2,150,115Expenses 2019: $1,660,236Net Income 2019: $489,8792019Revenue 2020: $1,993,033Expenses 2020: $2,409,822Net Income 2020: -$416,7892020Revenue 2021: $2,306,972Expenses 2021: $2,698,008Net Income 2021: -$391,0362021Revenue 2022: $2,595,643Expenses 2022: $2,528,814Net Income 2022: $66,8292022Revenue 2023: $2,533,753Expenses 2023: $3,111,459Net Income 2023: -$577,7062023Revenue 2024: $2,847,300Expenses 2024: $3,485,749Net Income 2024: -$638,4492024Revenue 2025: $2,370,162Expenses 2025: $3,965,197Net Income 2025: -$1,595,0352025

Highlighted filing

2019

Revenue$2,150,115
Expenses$1,660,236
Net Income$489,879
Open 2019 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2018 to Jun 30, 2019
Signed
Sep 25, 2019
Return Version
2018v3.1
Gross Receipts
$2,150,115
Mission and Program Overview

Mission

See description on Form 990, Part I, Line 1.

To provide affordable housing to low-income elderly and disabled.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$3,144,732$9,336,924▲ $6,192,192
Cash and Non-Interest-Bearing Accounts$489,278$66,617▼ $422,661
Prepaid Expenses and Deferred Charges$13,344$16,038▲ $2,694
Accounts Receivable$17,251$2,722▼ $14,529
Total Assets$4,110,878$10,364,424▲ $6,253,546
Other Assets Total$446,273$942,123▲ $495,850
Liabilities
Mortgage Notes Payable Secured by Investment Property$4,241,242$10,776,269▲ $6,535,027
Accounts Payable and Accrued Expenses$971,233$206,096▼ $765,137
Other Liabilities$45,494$39,271▼ $6,223
Total Liabilities$5,257,969$11,021,636▲ $5,763,667
Net Assets / Fund Balance
Unrestricted Net Assets$-1,147,091$-657,212▲ $489,879
Total Net Assets Fund Balance$-1,147,091$-657,212▲ $489,879
Total Liabilities and Net Assets / Fund Balance$4,110,878$10,364,424▲ $6,253,546

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$1,645,764$7,113,784$8,759,548
Other Land Buildings$7,459,289$377,068$7,836,357
Land$145,048-$145,048
Equipment$86,823$28,249$115,072
Other Assets Org$45,681--
Compensation and Service Providers
Top Officer Pay49th percentile

Employees

NameTitleOtherTotal
Justin RaddatzExecutive Director AHI$140,614$140,614
Darren WalshPresident/CEO eff 8/18/18$70,617$70,617

Board Members and Trustees

NameTitle
Melissa BleserChair eff 1/1/19
Tom WhyteChair thru 12/31/18
Amparo GarciaInterim President/CEO thru 8/18/18
Wayne WolbergCFO
Darrin AnsonMember
Dominic PalazzoMember
Vivian MarkhamMember
Jim LorenzenSecretary
Mark WelchTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$7,200
Program Service Revenue
$2,096,161
Investment Income
$9,069
Other Revenue
$37,685
Change in Net Assets
$489,879

Audited Revenue Reconciliation

Revenue per Audited Statements
$2,150,115
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$0
Total Revenue per Audited Statements
$2,150,115
Total Revenue per Form 990
$2,150,115
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$1,660,236
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$223,422--$223,422
Occupancy$179,571--$179,571
Fees for Services Management$165,410--$165,410
Office Expenses$97,293--$97,293
Insurance$68,420--$68,420
Interest$42,413--$42,413
Fees for Services Legal$13,787--$13,787
Fees for Services Other-$12,350-$12,350
Other Expenses$10,312$50,868-$10,312
All Other Expenses$5,266--$5,266
Conferences and Meetings$2,216--$2,216
Advertising$900--$900
Total Functional Expenses$1,597,018$63,218$0$1,660,236

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$1,660,236
Total Expenses per Audited Statements$1,660,236
Total Expenses per Form 990$1,660,236
Expenses Not Reported on Financial Statements$0
Expenses Not Reported on Form 990$0
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
Insider Transactions and Loans

Interested-Person Transactions

Interested PartyRelationshipDescriptionShared RevenueAmount
--Relationship: Catholic Charities and Community Services controls Archdiocesan Housing, Inc., who is the sole voting member of Golden Spike.Description of transaction: Catholic Charities incurs certain expenses on Golden Spike's behalf that are reimbursed by the Project at Catholic Charities' cost. During the year ended June 30, 2019, expenses incurred and reimbursed for salaries, benefits, payroll taxes, office, and other expenses were $428,920.No$428,920
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Tenant Security Deposits$37,636
Prepaid Rent$1,635
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
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
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, Part VI, Section A, line 3

“Golden Spike contracts with an affiliate, Housing Management Services, Inc., to provide management services to Golden Spike, Inc.”

Form 990, Part VI, Section A, line 6

“Golden Spike, Inc. has one voting member: Archdiocesan Housing, Inc.”

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

“Golden Spike, Inc.'s sole member, Archdiocesan Housing, Inc., has the authority to appoint members of the governing body.”

Form 990, Part VI, Section A, 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, Part VI, Section B, 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, Part VI, Section B, line 12C

“The Board of Directors and employees are obligated to disclose conflicts and complete annual disclosure statements.”

Form 990, Part VI, Section C, line 19

“Documents are available upon request and are available on the Colorado Secretary of Statement website.”

Filing and Contact Details

Filer

Filer Name
Golden Spike Inc
EIN
47-5633102
Phone
3038300215
Address
6240 E Smith Road, Denver, CO 80216

Signing Officer

Name
Wayne Wolberg
Title
CFO
Phone
3038300215
Signed
2019-09-25
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Wayne Wolberg
Formed
2016
Legal Domicile
Co
Voting Board Members
6
Independent Board Members
6
Employees
11
Volunteers
8

Preparer

Firm
Kundinger Corder & Engle PC
Address
475 Lincoln Street Suite 200, Denver, CO 80203
Preparer
Steven R Corder
Phone
3035345953
Supplemental Narrative

Additional Explanations

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 time. There has been no change in the process of oversight of the audit from the prior year.”

Form 990, Part V, Line 2A:

“Catholic Charities acts as a common paymaster for the project, thus Golden Spike does not submit any W-2 forms; however, the number of W-2s submitted on behalf of Golden Spike is included on Form 990, Part V, Line 2a. For functional expense purposes, these amounts are listed as reimbursed shared salaries.”

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This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990/OtherExpensesGrp/TotalAmt250868
IRS990/OtherExpensesGrp/TotalAmt310312
IRS990/OtherLiabilitiesGrp/BOYAmt045494
IRS990/OtherLiabilitiesGrp/EOYAmt039271
IRS990/OtherRevenueMiscGrp/BusinessCd0900099
IRS990/OtherRevenueMiscGrp/BusinessCd1900099
IRS990/OtherRevenueMiscGrp/BusinessCd2900099
IRS990/OtherRevenueMiscGrp/Desc0Cell tower lease
IRS990/OtherRevenueMiscGrp/Desc1Property tax refund
IRS990/OtherRevenueMiscGrp/Desc2Insurance proceeds
IRS990/OtherRevenueMiscGrp/ExclusionAmt027444
IRS990/OtherRevenueMiscGrp/ExclusionAmt18655
IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt01449
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt027444
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt18655
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt21449
IRS990/OtherRevenueTotalAmt037685
IRS990/PartialLiquidationInd00
IRS990/PayPremiumsPrsnlBnftCntrctInd00
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt013344
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt016038
IRS990/PrincipalOfficerNm0Wayne Wolberg
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0900099
IRS990/ProgramServiceRevenueGrp/BusinessCd1900099
IRS990/ProgramServiceRevenueGrp/Desc0Rental revenue
IRS990/ProgramServiceRevenueGrp/Desc1Other revenue
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt02088580
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt17581
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt02088580
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt17581
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt0142240
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt01294
IRS990/PYOtherExpensesAmt01939432
IRS990/PYOtherRevenueAmt0299915
IRS990/PYProgramServiceRevenueAmt02089376
IRS990/PYRevenuesLessExpensesAmt0593393
IRS990/PYSalariesCompEmpBnftPaidAmt00
IRS990/PYTotalExpensesAmt01939432
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt02532825
IRS990/QuidProQuoContributionsInd00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReconcilationRevenueExpnssAmt0489879
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd01
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/RelatedOrganizationsAmt07200
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd01
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt02097747
IRS990ScheduleA/Form990SchASupportingOrgGrp/Contribution35ControlledInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/ContributionControllerInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/ContributionFamilyInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/ControlledDisqualifiedPrsnInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/DisqualifiedPrsnControllIntInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/DisqualifiedPrsnOwnrIntInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/ExcessBusinessHoldingsRulesInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/ListedByNameGoverningDocInd01
IRS990ScheduleA/Form990SchASupportingOrgGrp/LoanDisqualifiedPersonInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/OrganizationChangeSuprtOrgInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/PaymentSubstantialContribtrInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/SupportedOrgNotOrganizedUSInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/SupportedOrgSectionC456Ind00
IRS990ScheduleA/Form990SchASupportingOrgGrp/SupportNonSupportedOrgInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/SuprtOrgNoIRSDeterminationInd00
IRS990ScheduleA/Form990SchAType1SuprtOrgGrp/OperateBenefitNonSuprtOrgInd00
IRS990ScheduleA/Form990SchAType1SuprtOrgGrp/PowerAppointMajorityDirTrstInd01
IRS990ScheduleA/OtherSupportSumAmt00
IRS990ScheduleA/SupportedOrganizationsCnt01
IRS990ScheduleA/SupportedOrganizationsTotalCnt01
IRS990ScheduleA/SupportedOrgInformationGrp/EIN0840499858
IRS990ScheduleA/SupportedOrgInformationGrp/GoverningDocumentListedInd01
IRS990ScheduleA/SupportedOrgInformationGrp/OrganizationTypeCd01
IRS990ScheduleA/SupportedOrgInformationGrp/OtherSupportAmt00
IRS990ScheduleA/SupportedOrgInformationGrp/SupportAmt00
IRS990ScheduleA/SupportedOrgInformationGrp/SupportedOrganizationName/BusinessNameLine1Txt0Catholic Archdiocese of Denver
IRS990ScheduleA/SupportingOrganization509a3Ind0X
IRS990ScheduleA/SupportingOrgType1Ind0X
IRS990ScheduleA/SupportSumAmt00
IRS990/ScheduleBRequiredInd01
IRS990ScheduleD/BuildingsGrp/BookValueAmt01645764
IRS990ScheduleD/BuildingsGrp/DepreciationAmt07113784
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt08759548
IRS990ScheduleD/EquipmentGrp/BookValueAmt086823
IRS990ScheduleD/EquipmentGrp/DepreciationAmt028249
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt0115072
IRS990ScheduleD/ExpensesNotReportedAmt00
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt01660236
IRS990ScheduleD/LandGrp/BookValueAmt0145048
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt0145048
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt045006
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt1851436
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt245681
IRS990ScheduleD/OtherAssetsOrgGrp/Desc0Tenant Security Deposits
IRS990ScheduleD/OtherAssetsOrgGrp/Desc1Replacement Reserve and Residual Receipts
IRS990ScheduleD/OtherAssetsOrgGrp/Desc2Debt Issuance Cost
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt07459289
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt0377068
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt07836357
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt01635
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt137636
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0Prepaid Rent
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1Tenant Security Deposits
IRS990ScheduleD/RevenueNotReportedAmt00
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt02150115
IRS990ScheduleD/TotalBookValueLandBuildingsAmt09336924
IRS990ScheduleD/TotalBookValueOtherAssetsAmt0942123
IRS990ScheduleD/TotalExpensesPerForm990Amt01660236
IRS990ScheduleD/TotalLiabilityAmt039271
IRS990ScheduleD/TotalRevenuePerForm990Amt02150115
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt02150115
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt01660236
IRS990ScheduleJ/AnyNonFixedPaymentsInd00
IRS990ScheduleJ/CompBasedOnRevenueOfFlngOrgInd00
IRS990ScheduleJ/CompBsdNetEarnsFlngOrgInd00
IRS990ScheduleJ/CompBsdNetEarnsRltdOrgsInd00
IRS990ScheduleJ/CompBsdOnRevRelatedOrgsInd00
IRS990ScheduleJ/EquityBasedCompArrngmInd00
IRS990ScheduleJ/InitialContractExceptionInd00
IRS990/ScheduleJRequiredInd01
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusFilingOrganizationAmount00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusRelatedOrganizationsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompensationBasedOnRltdOrgsAmt0154201
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990FilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990RltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompensationFlngOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompRltdOrgsAmt08172
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsFilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsRltdOrgsAmt011742
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationFilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm0Wayne Wolberg
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt0CFO
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationFilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationRltdOrgsAmt0174115
IRS990ScheduleJ/SeverancePaymentInd00
IRS990ScheduleJ/SupplementalInformationDetail/ExplanationTxt0CFO and Executive Director Compensation The CFO and President are paid through Catholic Charities and Community Services (CCCS), a related organization. The CFO received reportable compensation from CCCS of $154,201 (per 2018 W-2) and non-taxable benefits in 2018 of $19,914. The President/CEO received reportable compensation from CCCS of $63,704 (per 2018 W-2) and non-taxable benefits in 2018 of $6,913. Golden Spike does not reimburse CCCS for this compensation as services provided directly by the CFO, President, and Executive Director to Golden Spike are insignificant. The former President/CEO resigned effective June 1, 2018. The interim President/CEO received compensation from CCCS of $40,000 for the period from July 1, 2018 through June 30, 2019. The former President/CEO received reportable compensation from CCCS of $233,755 (per 2018 W-2) and non-taxable benefits in 2018 of $10,086. Golden Spike does not reimburse CCCS for the interim or former President/CEO compensation due to the services provided directly by the interim and former CEO being insignificant.
IRS990ScheduleJ/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990, Part VII, Section A
IRS990ScheduleJ/SupplementalNonqualRtrPlanInd00
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/NameOfInterested/BusinessName/BusinessNameLine1Txt0Catholic Charities and Community Services
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/SharingOfRevenuesInd00
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/TransactionAmt0428920
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/TransactionDesc0Relationship: Catholic Charities and Community Services controls Archdiocesan Housing, Inc., who is the sole voting member of Golden Spike.Description of transaction: Catholic Charities incurs certain expenses on Golden Spike's behalf that are reimbursed by the Project at Catholic Charities' cost. During the year ended June 30, 2019, expenses incurred and reimbursed for salaries, benefits, payroll taxes, office, and other expenses were $428,920.
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0Golden Spike contracts with an affiliate, Housing Management Services, Inc., to provide management services to Golden Spike, Inc.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1Golden Spike, Inc. has one voting member: Archdiocesan Housing, Inc.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2Golden Spike, Inc.'s sole member, Archdiocesan Housing, Inc., has the authority to appoint members of the governing body.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3The 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/ExplanationTxt4Prior 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/ExplanationTxt5The Board of Directors and employees are obligated to disclose conflicts and complete annual disclosure statements.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6Documents are available upon request and are available on the Colorado Secretary of Statement website.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt7The 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 time. There has been no change in the process of oversight of the audit from the prior year.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt8Catholic Charities acts as a common paymaster for the project, thus Golden Spike does not submit any W-2 forms; however, the number of W-2s submitted on behalf of Golden Spike is included on Form 990, Part V, Line 2a. For functional expense purposes, these amounts are listed as reimbursed shared salaries.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990, Part VI, Section A, line 3

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2019 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$10,364,424
Liabilities
$11,021,636
Net assets
-$657,212
Revenue
$2,150,115
Expenses
$1,660,236
Net income
$489,879
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Facts available. Structured filing facts are available, but richer extracted sections are limited.$10.2$14.4$4.21$2.37$3.97$1.60
2024Detailed filing. Detailed filing data is available for this year.$10.7$13.3$2.61$2.85$3.49$0.64
2023Detailed filing. Detailed filing data is available for this year.$11.1$13.1$1.98$2.53$3.11$0.58
2022Detailed filing. Detailed filing data is available for this year.$11.8$13.2$1.40$2.60$2.53$0.07
2021Detailed filing. Detailed filing data is available for this year.$11.6$13.1$1.47$2.31$2.70$0.39
2020Detailed filing. Detailed filing data is available for this year.$12.1$13.2$1.07$1.99$2.41$0.42
2019Detailed filing. Detailed filing data is available for this year.$10.4$11.0$0.66$2.15$1.66$0.49
2018Detailed filing. Detailed filing data is available for this year.$4.11$5.26$1.15$2.53$1.94$0.59
2017Detailed filing. Detailed filing data is available for this year.$2.84$4.58$1.74$1.91$1.45$0.47