Civic Intelligence

The Hearthstone at Hover Crossing

990 • Fiscal year 2020 • EIN 61-1623575

Jan 01, 2020 to Dec 31, 2020 • Filed on Oct 12, 2021

Organization Profilewww.longmontha.com
350 Kimbark StreetLongmont, CO 80501

(303) 651-8581

Siviq Scores

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

Liabilities / Assets

94th percentile

1.07x

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

2020 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2020

Liabilities / Revenue

99th percentile

28.26x

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

2020 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2020

Net Margin

4th percentile

-89%

Higher net margin than 4% of similar nonprofits.

2020 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2020

Top Officer Pay

21st percentile

$0

Higher top officer pay than 21% of similar nonprofits.

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

2020 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2020

Asset Growth

18th percentile

-2.8%

Faster asset growth than 18% of similar nonprofits.

2020 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2019 to 2020

Revenue Growth

33rd percentile

-6.3%

Faster revenue growth than 33% of similar nonprofits.

2020 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2019 to 2020

Balance Sheet
Liabilities / Assets94th percentile

Assets

Down

$6,734,746

Down $195,923 (-2.8%) from 2019

Net Assets

Down

-$449,177

Down $227,308 (-102%) from 2019

Liabilities

Up

$7,183,923

Up $31,385 (+0.4%) from 2019

Revenue And Expenses
Liabilities / Revenue99th percentileNet Margin4th percentile

Revenue

Down

$254,237

Down $17,231 (-6.3%) from 2019

Expenses

Down

$481,545

Down $29,327 (-5.7%) from 2019

Net Income

Up

-$227,308

Up $12,096 (+5.1%) from 2019

Historical Trend

Balance Sheet Trend

Asset Growth18th percentile

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

$10M$5.0M$0-$5.0MAssets 2011: $1,534,061Liabilities 2011: $1,162,595Net Assets 2011: $371,4662011Assets 2012: $6,658,736Liabilities 2012: $5,692,377Net Assets 2012: $966,3592012Assets 2013: $8,003,429Liabilities 2013: $7,064,479Net Assets 2013: $938,9502013Assets 2014: $7,811,303Liabilities 2014: $7,100,474Net Assets 2014: $710,8292014Assets 2015: $7,703,449Liabilities 2015: $7,159,714Net Assets 2015: $543,7352015Assets 2016: $7,488,723Liabilities 2016: $7,124,091Net Assets 2016: $364,6322016Assets 2017: $7,285,168Liabilities 2017: $7,113,283Net Assets 2017: $171,8852017Assets 2018: $7,132,184Liabilities 2018: $7,114,649Net Assets 2018: $17,5352018Assets 2019: $6,930,669Liabilities 2019: $7,152,538Net Assets 2019: -$221,8692019Assets 2020: $6,734,746Liabilities 2020: $7,183,923Net Assets 2020: -$449,1772020Assets 2021: $6,540,552Liabilities 2021: $7,128,789Net Assets 2021: -$588,2372021Assets 2022: $6,373,873Liabilities 2022: $7,131,425Net Assets 2022: -$757,5522022Assets 2023: $6,220,429Liabilities 2023: $7,133,935Net Assets 2023: -$913,5062023Assets 2024: $6,074,248Liabilities 2024: $7,149,033Net Assets 2024: -$1,074,7852024

Highlighted filing

2020

Assets$6,734,746
Liabilities$7,183,923
Net Assets-$449,177
Open 2020 Filing

Operations Trend

Revenue Growth33rd percentile

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

$1.0M$500K$0-$500KRevenue 2011: $375,668Expenses 2011: $4,202Net Income 2011: $371,4662011Revenue 2012: $599,758Expenses 2012: $4,865Net Income 2012: $594,8932012Revenue 2013: $251,417Expenses 2013: $276,935Net Income 2013: -$25,5182013Revenue 2014: $233,234Expenses 2014: $461,355Net Income 2014: -$228,1212014Revenue 2015: $251,201Expenses 2015: $418,295Net Income 2015: -$167,0942015Revenue 2016: $242,290Expenses 2016: $421,393Net Income 2016: -$179,1032016Revenue 2017: $239,847Expenses 2017: $432,594Net Income 2017: -$192,7472017Revenue 2018: $276,586Expenses 2018: $430,936Net Income 2018: -$154,3502018Revenue 2019: $271,468Expenses 2019: $510,872Net Income 2019: -$239,4042019Revenue 2020: $254,237Expenses 2020: $481,545Net Income 2020: -$227,3082020Revenue 2021: $329,237Expenses 2021: $468,297Net Income 2021: -$139,0602021Revenue 2022: $339,249Expenses 2022: $508,564Net Income 2022: -$169,3152022Revenue 2023: $368,425Expenses 2023: $524,379Net Income 2023: -$155,9542023Revenue 2024: $378,992Expenses 2024: $540,271Net Income 2024: -$161,2792024

Highlighted filing

2020

Revenue$254,237
Expenses$481,545
Net Income-$227,308
Open 2020 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2020 to Dec 31, 2020
Signed
Oct 12, 2021
Return Version
2020v4.1
Gross Receipts
$266,986
Mission and Program Overview

Mission

Provide affordable housing to low income and elderly residents.

To provide affordable housing to low income and elderly residents.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$6,756,663$6,563,761▼ $192,902
Savings and Temporary Cash Investments$138,073$141,321▲ $3,248
Cash and Non-Interest-Bearing Accounts$29,583$16,345▼ $13,238
Prepaid Expenses and Deferred Charges$2,325$9,602▲ $7,277
Accounts Receivable$4,025$3,717▼ $308
Total Assets$6,930,669$6,734,746▼ $195,923
Liabilities
Mortgage Notes Payable Secured by Investment Property$7,042,700$7,042,700→ $0
Accounts Payable and Accrued Expenses$92,003$120,151▲ $28,148
Escrow Account Liability$15,719$17,406▲ $1,687
Deferred Revenue$2,116$3,666▲ $1,550
Total Liabilities$7,152,538$7,183,923▲ $31,385
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$-221,869$-449,177▼ $227,308
Total Net Assets Fund Balance$-221,869$-449,177▼ $227,308
Total Liabilities and Net Assets / Fund Balance$6,930,669$6,734,746▼ $195,923

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$6,133,227$1,413,361$7,546,588
Land$390,672-$390,672
Equipment$39,862$66,341$106,203
Compensation and Service Providers
Top Officer Pay21st percentile

Board Members and Trustees

NameTitle
Debby ParisPresident
Richard SiceloffVice President
Darrell L Beck JrDirector
Donna LionbergerDirector
Stephen MorganDirector
Thaxter WilliamsDirector
Wendell PickettDirector (Jan-Apr)
Jillian BaldwinExecutive Director (Jan-Jul)
Harold DominguezInterim Executive Director (Jul-Dec)
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$266,660
Investment Income
$-12,423
Other Revenue
$0
Change in Net Assets
$-227,308

Audited Revenue Reconciliation

Revenue per Audited Statements
$254,237
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$12,749
Total Revenue per Audited Statements
$266,986
Total Revenue per Form 990
$254,237
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$405,064
Salaries, Compensation, and Employee Benefits$76,481
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Depreciation Depletion$197,902--$197,902
Fees for Services Other$71,018$1,241-$72,259
Other Salaries and Wages$23,923$34,836-$58,759
Occupancy$39,866--$39,866
Fees for Services Management-$28,812-$28,812
Insurance$21,101--$21,101
Fees for Services Accounting-$15,370-$15,370
Payroll Taxes$4,869$7,439-$12,308
Office Expenses$3,649$6,470-$10,119
Other Employee Benefits-$5,414-$5,414
Interest$4,800--$4,800
Fees for Services Legal-$1,888-$1,888
Information Technology-$882-$882
All Other Expenses$32$609-$641
Advertising-$447-$447
Conferences and Meetings$89$245-$334
Other Expenses$1,888$114-$114
Travel$18--$18
Total Functional Expenses$377,368$104,177$0$481,545

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$494,294
Expenses per Audited Statements$481,545
Total Expenses per Form 990$481,545
Expenses Not Reported on Form 990$12,749
Expenses Not Reported on Financial Statements$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
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 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
No
Management duties delegated
Yes

Governance Explanations

Form 990, Part VI, Section A, line 2

“All Board members have a business relationship with each other as they all serve on the Board of the for profit related organization, Longmont Housing Management Inc.”

Form 990, Part VI, Section A, line 3

“Longmont Housing Authority (LHA) is the management company for Hearthstone at Hover Crossing. Hearthstone at Hover Crossing paid the management company $28,812 to provide management services for accounting and operations.”

Form 990, Part VI, Section A, line 8B

“There are no committees that are able to act on behalf of the board.”

Form 990, Part VI, Section B, line 11B

“Management reviewed the Form 990 and provided a copy to the Board of Directors before filing with the IRS.”

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

“The Board Members review and sign off on the conflict of interest policy annually indicating they do not have conflicts. If they have a conflict they cannot serve on the Board of Directors. The disclosures are filed with LHA.”

Form 990, Part VI, Section B, line 15

“The organization does not compensate or employ individuals.”

Form 990, Part VI, Section C, line 19

“The organization made its governing documents, conflict of interest policy, and financial statements available to the public upon request during the tax year.”

Filing and Contact Details

Filer

Filer Name
The Hearthstone at Hover Crossing
EIN
61-1623575
Phone
3036518581
Address
350 Kimbark Street, Longmont, CO 80501

Signing Officer

Name
Harold Dominguez
Title
Interim Executive Director
Phone
3036518581
Signed
2021-10-12
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Harold Dominguez
Formed
2010
Legal Domicile
Co
Voting Board Members
6
Independent Board Members
6
Employees
0
Volunteers
7

Preparer

Firm
Eide Bailly LLP
Address
1730 Burnt Boat Loop Ste 100, Bismarck, ND 58503-0886
Preparer
Lisa Chaffee CPA
Phone
7012551091
Supplemental Narrative

Additional Explanations

Form 990, Part IX, line 11G

“Contracted Services: Program service expenses 71,018. Management and general expenses 0. Fundraising expenses 0. Total expenses 71,018. Contract Labor/Consultants: Program service expenses 0. Management and general expenses 1,241. Fundraising expenses 0. Total expenses 1,241.”

Financial Statement Notes

Part IV, Line 2B:

“The organization holds tenant security deposits.”

Part X, Line 2:

“The Organization believes that it has appropriate support for any tax positions taken affecting its annual filing requirements, and as such, does not have any uncertain tax positions that are material to the financial statements. The entity would recognize future accrued interest and penalties related to unrecognized tax benefits and liabilities in income tax expense if such interest and penalties are incurred.”

Part XI, Line 2D - Other Adjustments:

“Loss on disposal of property and equipment 12,749.”

Part XII, Line 2D - Other Adjustments:

“Loss on disposal of property and equipment 12,749.”

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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/OccupancyGrp/ProgramServicesAmt039866
IRS990/OccupancyGrp/TotalAmt039866
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt06470
IRS990/OfficeExpensesGrp/ProgramServicesAmt03649
IRS990/OfficeExpensesGrp/TotalAmt010119
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsFASB117Ind0X
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherEmployeeBenefitsGrp/ManagementAndGeneralAmt05414
IRS990/OtherEmployeeBenefitsGrp/TotalAmt05414
IRS990/OtherExpensesGrp/Desc0Dues/Subscriptions
IRS990/OtherExpensesGrp/Desc1Tenant Services Contrac
IRS990/OtherExpensesGrp/Desc2Memberships/Fees
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt0410
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt1114
IRS990/OtherExpensesGrp/ProgramServicesAmt08213
IRS990/OtherExpensesGrp/ProgramServicesAmt11888
IRS990/OtherExpensesGrp/TotalAmt08213
IRS990/OtherExpensesGrp/TotalAmt12298
IRS990/OtherExpensesGrp/TotalAmt2114
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt034836
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt023923
IRS990/OtherSalariesAndWagesGrp/TotalAmt058759
IRS990/PartialLiquidationInd00
IRS990/PayPremiumsPrsnlBnftCntrctInd00
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt07439
IRS990/PayrollTaxesGrp/ProgramServicesAmt04869
IRS990/PayrollTaxesGrp/TotalAmt012308
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt02325
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt09602
IRS990/PrincipalOfficerNm0Harold Dominguez
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0531110
IRS990/ProgramServiceRevenueGrp/BusinessCd1531110
IRS990/ProgramServiceRevenueGrp/Desc0PS Rental Revenue
IRS990/ProgramServiceRevenueGrp/Desc1Other Revenue
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt0261980
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt14680
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt0261980
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt14680
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt00
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt0399
IRS990/PYOtherExpensesAmt0434095
IRS990/PYOtherRevenueAmt00
IRS990/PYProgramServiceRevenueAmt0271069
IRS990/PYRevenuesLessExpensesAmt0-239404
IRS990/PYSalariesCompEmpBnftPaidAmt076777
IRS990/PYTotalExpensesAmt0510872
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt0271468
IRS990/QuidProQuoContributionsInd00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReconcilationRevenueExpnssAmt0-227308
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd01
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd00
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt0266660
IRS990/SavingsAndTempCashInvstGrp/BOYAmt0138073
IRS990/SavingsAndTempCashInvstGrp/EOYAmt0141321
IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/TotalAmt00
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus2YearsAmt023400
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/TotalAmt023400
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearAmt0326
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus1YearAmt0399
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus2YearsAmt0308
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus3YearsAmt0237
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus4YearsAmt0119
IRS990ScheduleA/GrossInvestmentIncome509Grp/TotalAmt01389
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearAmt0266660
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus1YearAmt0271069
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus2YearsAmt0252878
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus3YearsAmt0239610
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus4YearsAmt0242171
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/TotalAmt01272388
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearAmt0326
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus1YearAmt0399
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus2YearsAmt0308
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus3YearsAmt0237
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus4YearsAmt0119
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/TotalAmt01389
IRS990ScheduleA/InvestmentIncomeCYPct00.00110
IRS990ScheduleA/InvestmentIncomePYPct00.00090
IRS990ScheduleA/PubliclySupportedOrg509a2Ind0X
IRS990ScheduleA/PublicSupportCY509Pct00.99890
IRS990ScheduleA/PublicSupportPY509Pct00.99910
IRS990ScheduleA/PublicSupportTotal509Amt01295788
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/TotalAmt00
IRS990ScheduleA/SubstantialContributorsAmtGrp/TotalAmt00
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY509Ind0X
IRS990ScheduleA/Total509Grp/CurrentTaxYearAmt0266660
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus1YearAmt0271069
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus2YearsAmt0276278
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus3YearsAmt0239610
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus4YearsAmt0242171
IRS990ScheduleA/Total509Grp/TotalAmt01295788
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearAmt0266986
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus1YearAmt0271468
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus2YearsAmt0276586
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus3YearsAmt0239847
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus4YearsAmt0242290
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt01297177
IRS990/ScheduleBRequiredInd00
IRS990ScheduleD/AgentTrusteeEtcInd00
IRS990ScheduleD/BuildingsGrp/BookValueAmt06133227
IRS990ScheduleD/BuildingsGrp/DepreciationAmt01413361
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt07546588
IRS990ScheduleD/EquipmentGrp/BookValueAmt039862
IRS990ScheduleD/EquipmentGrp/DepreciationAmt066341
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt0106203
IRS990ScheduleD/ExpensesNotReportedAmt012749
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt0481545
IRS990ScheduleD/ExplanationProvidedInd0X
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/InclEscrowCustodialAcctLiabInd01
IRS990ScheduleD/LandGrp/BookValueAmt0390672
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt0390672
IRS990ScheduleD/OtherExpensesIncludedAmt012749
IRS990ScheduleD/OtherRevenueAmt012749
IRS990ScheduleD/RevenueNotReportedAmt012749
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt0254237
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0The organization holds tenant security deposits.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt1The Organization believes that it has appropriate support for any tax positions taken affecting its annual filing requirements, and as such, does not have any uncertain tax positions that are material to the financial statements. The entity would recognize future accrued interest and penalties related to unrecognized tax benefits and liabilities in income tax expense if such interest and penalties are incurred.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt2Loss on disposal of property and equipment 12,749.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt3Loss on disposal of property and equipment 12,749.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0Part IV, Line 2b:
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc1Part X, Line 2:
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc2Part XI, Line 2d - Other Adjustments:
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc3Part XII, Line 2d - Other Adjustments:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt06563761
IRS990ScheduleD/TotalExpensesPerForm990Amt0481545
IRS990ScheduleD/TotalRevenuePerForm990Amt0254237
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt0266986
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt0494294
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0All Board members have a business relationship with each other as they all serve on the Board of the for profit related organization, Longmont Housing Management Inc.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1Longmont Housing Authority (LHA) is the management company for Hearthstone at Hover Crossing. Hearthstone at Hover Crossing paid the management company $28,812 to provide management services for accounting and operations.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2There are no committees that are able to act on behalf of the board.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3Management reviewed the Form 990 and provided a copy to the Board of Directors before filing with the IRS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4The Board Members review and sign off on the conflict of interest policy annually indicating they do not have conflicts. If they have a conflict they cannot serve on the Board of Directors. The disclosures are filed with LHA.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5The organization does not compensate or employ individuals.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6The organization made its governing documents, conflict of interest policy, and financial statements available to the public upon request during the tax year.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt7Contracted Services: Program service expenses 71,018. Management and general expenses 0. Fundraising expenses 0. Total expenses 71,018. Contract Labor/Consultants: Program service expenses 0. Management and general expenses 1,241. Fundraising expenses 0. Total expenses 1,241.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990, Part VI, Section A, line 2
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990, Part VI, Section A, line 3
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Form 990, Part VI, Section A, line 8b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Form 990, Part VI, Section B, line 11b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4Form 990, Part VI, Section B, line 12c
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5Form 990, Part VI, Section B, line 15
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6Form 990, Part VI, Section C, line 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc7Form 990, Part IX, line 11g
IRS990ScheduleR/AssetExchangeInd00
IRS990ScheduleR/AssetPurchaseFromOtherOrgInd00
IRS990ScheduleR/AssetSaleToOtherOrgInd00
IRS990ScheduleR/DivRelatedOrganizationInd00
IRS990ScheduleR/GiftGrntCapContriFromOthOrgInd00
IRS990ScheduleR/GiftGrntOrCapContriToOthOrgInd00
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/ControlledOrganizationInd00
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/ControlledOrganizationInd10
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/ControlledOrganizationInd20
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/ControlledOrganizationInd30
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/DirectControllingNACd0N/A
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/DirectControllingNACd1N/A

Document Assets

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Filings

Displayed year

2020 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$6,734,746
Liabilities
$7,183,923
Net assets
-$449,177
Revenue
$254,237
Expenses
$481,545
Net income
-$227,308
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$6.07$7.15$1.07$0.38$0.54$0.16
2023Detailed filing. Detailed filing data is available for this year.$6.22$7.13$0.91$0.37$0.52$0.16
2022Detailed filing. Detailed filing data is available for this year.$6.37$7.13$0.76$0.34$0.51$0.17
2021Detailed filing. Detailed filing data is available for this year.$6.54$7.13$0.59$0.33$0.47$0.14
2020Detailed filing. Detailed filing data is available for this year.$6.73$7.18$0.45$0.25$0.48$0.23
2019Detailed filing. Detailed filing data is available for this year.$6.93$7.15$0.22$0.27$0.51$0.24
2018Detailed filing. Detailed filing data is available for this year.$7.13$7.11$0.02$0.28$0.43$0.15
2017Detailed filing. Detailed filing data is available for this year.$7.29$7.11$0.17$0.24$0.43$0.19
2016Detailed filing. Detailed filing data is available for this year.$7.49$7.12$0.36$0.24$0.42$0.18
2015Detailed filing. Detailed filing data is available for this year.$7.70$7.16$0.54$0.25$0.42$0.17
2014Detailed filing. Detailed filing data is available for this year.$7.81$7.10$0.71$0.23$0.46$0.23
2013Summary only. Only limited summary data is available for this year.$8.00$7.06$0.94$0.25$0.28$0.03
2012Summary only. Only limited summary data is available for this year.$6.66$5.69$0.97$0.60$0.00$0.59
2011Summary only. Only limited summary data is available for this year.$1.53$1.16$0.37$0.38$0.00$0.37