Triangle Cross Ranch Inc

“Return is reviewed by the board members before the return is signed by the Board President.”

“Policies are clearly in place after being reveiwed and agreed upon by board directors. All new members must review and sign policy.”

“Board approves any and all compensation for all directors and key employees.”

“Posted on state website, statement reflects that all information is available upon reequest to the public.”

“All documents are available upon request.”

“Prior tax preparer reported material misstatements in the financial statements of the organization. Depreciation expense was not recorded on the financials or on the 990 tax return. While there was an asset list included in the previously submitted return, the depreciation expense did not flow to the organizational expenses on Part IX. In addition, realized gains, unrealized gains and investment expenses were not appropriately reported on the 990 or in the financial statements of the organization. These discrepancies in total were overstating net income by $22,210.”

“In May 2020 the Colorado Dept of Public Health shut down operations and seized the licensure to run as an Assited Living residence, reducing client capacity to three individuals. In December 2020,the decision was made to discontinue operations due to decrease of financial feasibility until court case settlement is determined in 2022.As part of CDPHEs demands for settlement the current Board of Directors and the current Adminstrator on file with CDPHE were required to resign in 2022. The organizaiton has been passed on to a new Board of Directors to rebuild and serve individuals again. The new Boards plan is to complete capital improvements and then attempt to gain licensure to reopen operating as a group home for cognitively challenged adults before the end of 2023.”