Civic Intelligence

Villages Ltd.

990 • Fiscal year 2014 • EIN 74-2177138

Jan 01, 2014 to Dec 31, 2014 • Filed on Oct 08, 2015

Organization Profilewww.fchousing.com
1715 W Mountain AveFort Collins, CO 80521

(970) 416-2910

Siviq Scores

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

Liabilities / Assets

44th percentile

0.18x

Higher debt load relative to assets than 44% of similar nonprofits.

2014 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2014

Liabilities / Revenue

65th percentile

0.46x

Higher debt load relative to revenue than 65% of similar nonprofits.

2014 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2014

Net Margin

93rd percentile

60%

Higher net margin than 93% of similar nonprofits.

2014 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2014

Top Officer Pay

12th percentile

$0

Higher top officer pay than 12% of similar nonprofits.

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

2014 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2014

Asset Growth

49th percentile

3.1%

Faster asset growth than 49% of similar nonprofits.

2014 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2013 to 2014

Revenue Growth

94th percentile

104%

Faster revenue growth than 94% of similar nonprofits.

2014 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2013 to 2014

Balance Sheet
Liabilities / Assets44th percentile

Assets

Up

$17,320,050

Up $525,163 (+3.1%) from 2013

Net Assets

Up

$14,190,837

Up $4,052,109 (+40%) from 2013

Liabilities

Down

$3,129,213

Down $3,526,946 (-53%) from 2013

Revenue And Expenses
Liabilities / Revenue65th percentileNet Margin93rd percentile

Revenue

Up

$6,793,561

Up $3,457,676 (+104%) from 2013

Expenses

Down

$2,733,052

Down $419,146 (-13%) from 2013

Net Income

Up

$4,060,509

Up $3,876,822 (+2111%) from 2013

Historical Trend

Balance Sheet Trend

Asset Growth49th percentile

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

$40M$30M$20M$10M$0Assets 2011: $16,115,954Liabilities 2011: $7,375,134Net Assets 2011: $8,740,8202011Assets 2012: $17,046,063Liabilities 2012: $7,091,022Net Assets 2012: $9,955,0412012Assets 2013: $16,794,887Liabilities 2013: $6,656,159Net Assets 2013: $10,138,7282013Assets 2014: $17,320,050Liabilities 2014: $3,129,213Net Assets 2014: $14,190,8372014Assets 2015: $18,183,276Liabilities 2015: $2,891,386Net Assets 2015: $15,291,8902015Assets 2016: $18,583,872Liabilities 2016: $2,493,873Net Assets 2016: $16,089,9992016Assets 2017: $18,896,364Liabilities 2017: $2,178,183Net Assets 2017: $16,718,1812017Assets 2018: $19,306,898Liabilities 2018: $1,858,218Net Assets 2018: $17,448,6802018Assets 2019: $18,643,622Liabilities 2019: $1,492,676Net Assets 2019: $17,150,9462019Assets 2020: $18,418,389Liabilities 2020: $623,431Net Assets 2020: $17,794,9582020Assets 2021: $22,873,968Liabilities 2021: $198,346Net Assets 2021: $22,675,6222021Assets 2022: $23,852,035Liabilities 2022: $822,275Net Assets 2022: $23,029,7602022Assets 2023: $31,071,476Liabilities 2023: $465,552Net Assets 2023: $30,605,9242023Assets 2024: $37,696,583Liabilities 2024: $280,051Net Assets 2024: $37,416,5322024

Highlighted filing

2014

Assets$17,320,050
Liabilities$3,129,213
Net Assets$14,190,837
Open 2014 Filing

Operations Trend

Revenue Growth94th percentile

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

$15M$10M$5.0M$0Expenses 2011: $3,049,7062011Expenses 2012: $3,138,9982012Revenue 2013: $3,335,885Expenses 2013: $3,152,198Net Income 2013: $183,6872013Revenue 2014: $6,793,561Expenses 2014: $2,733,052Net Income 2014: $4,060,5092014Revenue 2015: $3,233,140Expenses 2015: $2,132,087Net Income 2015: $1,101,0532015Revenue 2016: $3,090,700Expenses 2016: $2,292,591Net Income 2016: $798,1092016Revenue 2017: $2,744,671Expenses 2017: $2,116,490Net Income 2017: $628,1812017Revenue 2018: $2,898,930Expenses 2018: $2,168,431Net Income 2018: $730,4992018Revenue 2019: $3,037,412Expenses 2019: $2,262,335Net Income 2019: $775,0772019Revenue 2020: $2,904,574Expenses 2020: $2,260,562Net Income 2020: $644,0122020Revenue 2021: $6,980,758Expenses 2021: $2,100,094Net Income 2021: $4,880,6642021Revenue 2022: $2,481,924Expenses 2022: $2,127,786Net Income 2022: $354,1382022Revenue 2023: $10,645,177Expenses 2023: $3,069,013Net Income 2023: $7,576,1642023Revenue 2024: $6,594,006Expenses 2024: $2,952,892Net Income 2024: $3,641,1142024

Highlighted filing

2014

Revenue$6,793,561
Expenses$2,733,052
Net Income$4,060,509
Open 2014 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2014 to Dec 31, 2014
Signed
Oct 8, 2015
Return Version
2014v5.0
Gross Receipts
$11,216,821
Mission and Program Overview

Mission

To provide and promote adequate and affordable housing, economic opportunity and a safe living environment free from discrimination.

To provide affordable housing for the elderly and low-income families of Fort Collins, Colorado.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments Program Related$2,533,620$7,420,759▲ $4,887,139
Land, Buildings, and Equipment, Net$11,453,768$6,429,016▼ $5,024,752
Savings and Temporary Cash Investments$2,191,404$2,910,496▲ $719,092
Pledges and Grants Receivable$80,378--
Cash and Non-Interest-Bearing Accounts$64,606$80,301▲ $15,695
Intangible Assets$25,260$22,854▼ $2,406
Accounts Receivable$5,912$17,554▲ $11,642
Prepaid Expenses and Deferred Charges$294$274▼ $20
Total Assets$16,794,887$17,320,050▲ $525,163
Other Assets Total$439,645$438,796▼ $849
Liabilities
Mortgage Notes Payable Secured by Investment Property$6,370,341$2,956,912▼ $3,413,429
Escrow Account Liability$146,711$109,056▼ $37,655
Accounts Payable and Accrued Expenses$125,033$54,193▼ $70,840
Deferred Revenue$13,680$9,052▼ $4,628
Other Liabilities$394$0▼ $394
Total Liabilities$6,656,159$3,129,213▼ $3,526,946
Net Assets / Fund Balance
Unrestricted Net Assets$10,138,728$14,190,837▲ $4,052,109
Total Net Assets Fund Balance$10,138,728$14,190,837▲ $4,052,109
Total Liabilities and Net Assets / Fund Balance$16,794,887$17,320,050▲ $525,163

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$4,641,303$7,456,651$12,097,954
Land$1,766,797-$1,766,797
Other Land Buildings$20,916-$20,916
Investment Program Related Org$7,420,759--
Compensation and Service Providers
Top Officer Pay12th percentile

Board Members and Trustees

NameTitle
Ryan KeifferPresident
Hep WilkinsVice President
Ann GreenDirector
Jake ArnoldDirector
Linda KeelingDirector
Mary DavisDirector
Julie J BrewenExecutive Director
Duane HopkinsChief Financial Officer

Highest Paid Contractors

ContractorServicesLocationCompensation
Fort Collins Housing AuthorityMgmt & Maintenance Services1400 Riverside Ave, Fort Collins, CO 80524$650,892
Revenue and Support

Revenue Composition

Contributions and Grants
$783,689
Program Service Revenue
$3,076,546
Investment Income
$2,933,326
Other Revenue
$0
Change in Net Assets
$4,060,509

Audited Revenue Reconciliation

Revenue per Audited Statements
$6,793,561
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$0
Total Revenue per Audited Statements
$6,793,561
Total Revenue per Form 990
$6,793,561
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$2,428,500
Salaries, Compensation, and Employee Benefits$304,552
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Depreciation Depletion$701,046--$701,046
Fees for Services Management$226,820$336,009-$562,829
Fees for Services Other$294,903--$294,903
Interest$274,277--$274,277
Occupancy$260,850--$260,850
Other Salaries and Wages$36,770$213,015-$249,785
Fees for Services Accounting-$99,513-$99,513
Insurance$95,768--$95,768
Other Employee Benefits$3,236$51,531-$54,767
Office Expenses-$17,925-$17,925
Other Expenses$13,679--$13,679
All Other Expenses$541$4,721-$5,262
Fees for Services Legal-$5,223-$5,223
Advertising$30$1,837-$1,867
Travel$25$323-$348
Conferences and Meetings-$284-$284
Total Functional Expenses$2,002,671$730,381$0$2,733,052

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$2,741,452
Expenses per Audited Statements$2,733,052
Total Expenses per Form 990$2,733,052
Expenses Not Reported on Form 990$8,400
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
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 3

“An unrelated management company, Fort Collins Housing Authority, performed administrative and management services.”

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

“There are no committees that can act on behalf of the governing board.”

Form 990, Part VI, Section B, line 11

“The members of the board are provided a copy of the Form 990 to review prior to filing.”

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

“The Organization performs an annual review of its conflict of interest policy. All officers, trustees, and other employees are required annually to review the policy and disclose any potential conflicts that may be occurring or may potentially occur. The Villages' legal counsel and Chair of the Board of Directors shall review any potential conflicts to determine if one exists. Should a conflict exist the respective individual with the conflict shall refrain from further discussions and voting on the issue.”

Form 990, Part VI, Section B, line 15

“The Organization does not compensate its officers or Board of Directors. An unrelated management company, Fort Collins Housing Authority, performed administrative and management services and does not pay the Executive Director, CFO or board members specifically for the services provided to Villages, Ltd.”

Form 990, Part VI, Section C, line 19

“The Organization makes its governing documents, conflict of interest policy, and financial statements available upon request.”

Filing and Contact Details

Filer

Filer Name
Villages Ltd
EIN
74-2177138
Phone
9704162910
Address
1715 W Mountain Ave, Fort Collins, CO 80521

Signing Officer

Name
Duane Hopkins
Title
Chief Financial Officer
Phone
9704162910
Signed
2015-10-08
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Julie Brewen
Formed
1980
Legal Domicile
Co
Voting Board Members
6
Independent Board Members
6
Employees
0
Volunteers
6

Preparer

Firm
Eide Bailly Llp
Address
4310 17TH AVE S PO BOX 2545, FARGO, ND 58108-2545
Preparer
Lisa Chaffee CPA
Phone
7012398500
Supplemental Narrative

Additional Explanations

Form 990, Part IX, line 11G

“Building Contractors: Program service expenses 294,903. Management and general expenses 0. Fundraising expenses 0. Total expenses 294,903.”

Form 990, Part XI, line 9:

“Repayment of Previous Year Grant to City -8,400.”

Form 990, Part IX, Lines 7, 8 and 9

“The salaries, pension and benefits reported on the Part IX Functional Expenses represents the reimbursement of expenses by the filing organization to an unrelated management company. The unrelated management company acts as a common paymaster and files the respective W-2s.”

Financial Statement Notes

Part IV, Line 2B:

“The organization holds funds on behalf of its tenants for security deposits.”

Part X, Line 2:

“The Organization is exempt from the payment of both federal and state income taxes under Section 501(c)(3) of the Internal Revenue Code. Accordingly, no provision for income taxes has been reflected in the accompanying financial statements. The Organization has adopted the provisions of FASB Accounting Standards Codification Topic ASC 740-10. The implementation of this standard had no impact on the financial statements. As of December 31, 2014 and 2013, the unrecognized tax benefit accrual was zero. The Organization will recognize future accrued interest and penalties related to unrecognized tax benefits in income tax expense if incurred. The Organization is no longer subject to Federal tax examinations by tax authorities for years before 2011 and state examinations for years before 2011.”

Part XII, Line 2D - Other Adjustments:

“Repayment of Grant to City shown as an Expense per the Financial Statements 8,400.”

Raw XML AppendixShowing 400 of 484 raw XML fields

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/NetGainOrLossInvestmentsGrp/ExclusionAmt02928740
IRS990/NetGainOrLossInvestmentsGrp/TotalRevenueColumnAmt02928740
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NoListedPersonsCompensatedInd0X
IRS990/NondeductibleContributionsInd00
IRS990/OccupancyGrp/ProgramServicesAmt0260850
IRS990/OccupancyGrp/TotalAmt0260850
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt017925
IRS990/OfficeExpensesGrp/TotalAmt017925
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsSFAS117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt0439645
IRS990/OtherAssetsTotalGrp/EOYAmt0438796
IRS990/OtherChangesInNetAssetsAmt0-8400
IRS990/OtherEmployeeBenefitsGrp/ManagementAndGeneralAmt051531
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt03236
IRS990/OtherEmployeeBenefitsGrp/TotalAmt054767
IRS990/OtherExpensesGrp/Desc0Building & Grounds Supp
IRS990/OtherExpensesGrp/Desc1Bad Debts
IRS990/OtherExpensesGrp/Desc2Replacement Reserve
IRS990/OtherExpensesGrp/ProgramServicesAmt076311
IRS990/OtherExpensesGrp/ProgramServicesAmt118415
IRS990/OtherExpensesGrp/ProgramServicesAmt213679
IRS990/OtherExpensesGrp/TotalAmt076311
IRS990/OtherExpensesGrp/TotalAmt118415
IRS990/OtherExpensesGrp/TotalAmt213679
IRS990/OtherLiabilitiesGrp/BOYAmt0394
IRS990/OtherLiabilitiesGrp/EOYAmt00
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt0213015
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt036770
IRS990/OtherSalariesAndWagesGrp/TotalAmt0249785
IRS990/PartialLiquidationInd00
IRS990/PayPremiumsPrsnlBnftCntrctInd00
IRS990/PledgesAndGrantsReceivableGrp/BOYAmt080378
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt0294
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt0274
IRS990/PrincipalOfficerNm0Julie Brewen
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0531110
IRS990/ProgramServiceRevenueGrp/BusinessCd1531110
IRS990/ProgramServiceRevenueGrp/BusinessCd2531390
IRS990/ProgramServiceRevenueGrp/BusinessCd3531390
IRS990/ProgramServiceRevenueGrp/Desc0PS Rental Income
IRS990/ProgramServiceRevenueGrp/Desc1Section 8 Subsidy
IRS990/ProgramServiceRevenueGrp/Desc2PS Interest Income
IRS990/ProgramServiceRevenueGrp/Desc3Other Related Income
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt01651958
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt11261622
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt287798
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt375168
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt01651958
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt11261622
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt287798
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt375168
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt0313434
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt060948
IRS990/PYOtherExpensesAmt02882235
IRS990/PYOtherRevenueAmt00
IRS990/PYProgramServiceRevenueAmt02961503
IRS990/PYRevenuesLessExpensesAmt0183687
IRS990/PYSalariesCompEmpBnftPaidAmt0269963
IRS990/PYTotalExpensesAmt03152198
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt03335885
IRS990/QuidProQuoContributionsInd00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReconcilationRevenueExpnssAmt04060509
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd00
IRS990/ReportProgramRelatedInvstInd01
IRS990/RevenueAmt03076546
IRS990/SavingsAndTempCashInvstGrp/BOYAmt02191404
IRS990/SavingsAndTempCashInvstGrp/EOYAmt02910496
IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/TotalAmt00
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearAmt0783689
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus1YearAmt0305034
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus2YearsAmt01503852
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus3YearsAmt0143434
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus4YearsAmt0167617
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/TotalAmt02903626
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearAmt04586
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus1YearAmt05280
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus2YearsAmt06959
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus3YearsAmt011635
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus4YearsAmt071980
IRS990ScheduleA/GrossInvestmentIncome509Grp/TotalAmt0100440
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearAmt03076546
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus1YearAmt03017171
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus2YearsAmt02842408
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus3YearsAmt02733160
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus4YearsAmt02723867
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/TotalAmt014393152
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearAmt04586
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus1YearAmt05280
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus2YearsAmt06959
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus3YearsAmt011635
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus4YearsAmt071980
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/TotalAmt0100440
IRS990ScheduleA/InvestmentIncomeCYPct00.00580
IRS990ScheduleA/InvestmentIncomePYPct00.00950
IRS990ScheduleA/PubliclySupportedOrg509a2Ind0X
IRS990ScheduleA/PublicSupportCY509Pct00.99420
IRS990ScheduleA/PublicSupportPY509Pct00.94110
IRS990ScheduleA/PublicSupportTotal509Amt017296778
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/TotalAmt00
IRS990ScheduleA/SubstantialContributorsAmtGrp/TotalAmt00
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY509Ind0X
IRS990ScheduleA/Total509Grp/CurrentTaxYearAmt03860235
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus1YearAmt03322205
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus2YearsAmt04346260
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus3YearsAmt02876594
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus4YearsAmt02891484
IRS990ScheduleA/Total509Grp/TotalAmt017296778
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearAmt03864821
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus1YearAmt03327485
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus2YearsAmt04353219
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus3YearsAmt02888229
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus4YearsAmt02963464
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt017397218
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/ScheduleBRequiredInd01
IRS990ScheduleD/AgentTrusteeEtcInd00
IRS990ScheduleD/BuildingsGrp/BookValueAmt04641303
IRS990ScheduleD/BuildingsGrp/DepreciationAmt07456651
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt012097954
IRS990ScheduleD/ExpensesNotReportedAmt08400
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt02733052
IRS990ScheduleD/ExplanationProvidedInd0X
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/InclEscrowCustodialAcctLiabInd01
IRS990ScheduleD/InvstProgramRelatedOrgGrp/BookValueAmt07420759
IRS990ScheduleD/InvstProgramRelatedOrgGrp/Desc0Notes Receivable
IRS990ScheduleD/InvstProgramRelatedOrgGrp/MethodValuationCd0C
IRS990ScheduleD/LandGrp/BookValueAmt01766797
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt01766797
IRS990ScheduleD/OtherExpensesIncludedAmt08400
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt020916
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt020916
IRS990ScheduleD/RevenueNotReportedAmt00
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt06793561
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0The organization holds funds on behalf of its tenants for security deposits.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt1The Organization is exempt from the payment of both federal and state income taxes under Section 501(c)(3) of the Internal Revenue Code. Accordingly, no provision for income taxes has been reflected in the accompanying financial statements. The Organization has adopted the provisions of FASB Accounting Standards Codification Topic ASC 740-10. The implementation of this standard had no impact on the financial statements. As of December 31, 2014 and 2013, the unrecognized tax benefit accrual was zero. The Organization will recognize future accrued interest and penalties related to unrecognized tax benefits in income tax expense if incurred. The Organization is no longer subject to Federal tax examinations by tax authorities for years before 2011 and state examinations for years before 2011.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt2Repayment of Grant to City shown as an Expense per the Financial Statements 8,400.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0Part IV, Line 2b:
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc1Part X, Line 2:
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc2Part XII, Line 2d - Other Adjustments:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt06429016
IRS990ScheduleD/TotalBookValueProgramRltdAmt07420759
IRS990ScheduleD/TotalExpensesPerForm990Amt02733052
IRS990ScheduleD/TotalRevenuePerForm990Amt06793561
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt06793561
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt02741452
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0An unrelated management company, Fort Collins Housing Authority, performed administrative and management services.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1There are no committees that can act on behalf of the governing board.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2The members of the board are provided a copy of the Form 990 to review prior to filing.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3The Organization performs an annual review of its conflict of interest policy. All officers, trustees, and other employees are required annually to review the policy and disclose any potential conflicts that may be occurring or may potentially occur. The Villages' legal counsel and Chair of the Board of Directors shall review any potential conflicts to determine if one exists. Should a conflict exist the respective individual with the conflict shall refrain from further discussions and voting on the issue.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4The Organization does not compensate its officers or Board of Directors. An unrelated management company, Fort Collins Housing Authority, performed administrative and management services and does not pay the Executive Director, CFO or board members specifically for the services provided to Villages, Ltd.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5The Organization makes its governing documents, conflict of interest policy, and financial statements available upon request.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6Building Contractors: Program service expenses 294,903. Management and general expenses 0. Fundraising expenses 0. Total expenses 294,903.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt7Repayment of Previous Year Grant to City -8,400.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt8The salaries, pension and benefits reported on the Part IX Functional Expenses represents the reimbursement of expenses by the filing organization to an unrelated management company. The unrelated management company acts as a common paymaster and files the respective W-2s.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990, Part VI, Section A, line 3
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990, Part VI, Section A, line 8b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Form 990, Part VI, Section B, line 11
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Form 990, Part VI, Section B, line 12c
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4Form 990, Part VI, Section B, line 15
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5Form 990, Part VI, Section C, line 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6Form 990, Part IX, line 11g
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc7Form 990, Part XI, line 9:

Document Assets

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Filings

Displayed year

2014 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$17,320,050
Liabilities
$3,129,213
Net assets
$14,190,837
Revenue
$6,793,561
Expenses
$2,733,052
Net income
$4,060,509
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$37.7$0.28$37.4$6.59$2.95$3.64
2023Detailed filing. Detailed filing data is available for this year.$31.1$0.47$30.6$10.6$3.07$7.58
2022Detailed filing. Detailed filing data is available for this year.$23.9$0.82$23.0$2.48$2.13$0.35
2021Detailed filing. Detailed filing data is available for this year.$22.9$0.20$22.7$6.98$2.10$4.88
2020Detailed filing. Detailed filing data is available for this year.$18.4$0.62$17.8$2.90$2.26$0.64
2019Detailed filing. Detailed filing data is available for this year.$18.6$1.49$17.2$3.04$2.26$0.78
2018Detailed filing. Detailed filing data is available for this year.$19.3$1.86$17.4$2.90$2.17$0.73
2017Detailed filing. Detailed filing data is available for this year.$18.9$2.18$16.7$2.74$2.12$0.63
2016Detailed filing. Detailed filing data is available for this year.$18.6$2.49$16.1$3.09$2.29$0.80
2015Summary only. Only limited summary data is available for this year.$18.2$2.89$15.3$3.23$2.13$1.10
2014Detailed filing. Detailed filing data is available for this year.$17.3$3.13$14.2$6.79$2.73$4.06
2013Detailed filing. Detailed filing data is available for this year.$16.8$6.66$10.1$3.34$3.15$0.18
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$17.0$7.09$9.96$3.14
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$16.1$7.38$8.74$3.05