Civic Intelligence

St Marys Housing Committee Inc

EIN 74-2275537 • 501(c)3 • Denver, CO

Profile

Operates a 25 unit apartment complex for elderly and handicapped tenants.

2025 York StreetDenver, CO 80208

n/A

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

95th percentile

1.34x

Higher debt load relative to assets than 95% of similar nonprofits.

501(c)3 • $500k-$1M nonprofits • Source year 2018

Liabilities / Revenue

97th percentile

4.53x

Higher debt load relative to revenue than 97% of similar nonprofits.

501(c)3 • $500k-$1M nonprofits • Source year 2018

Net Margin

57th percentile

7.7%

Higher net margin than 57% of similar nonprofits.

501(c)3 • $500k-$1M nonprofits • Source year 2018

Top Officer Pay

55th percentile

$0

Higher top officer pay than 55% of similar nonprofits.

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

501(c)3 • $500k-$1M nonprofits • Source year 2018

Asset Growth

43rd percentile

0.6%

Faster asset growth than 43% of similar nonprofits.

501(c)3 • $500k-$1M nonprofits • Annualized from 2017 to 2018

Revenue Growth

31st percentile

-5.4%

Faster revenue growth than 31% of similar nonprofits.

501(c)3 • $500k-$1M nonprofits • Annualized from 2017 to 2018

Assets

Up

$854,579

Up $4,980 (+0.6%) from 2017

Liabilities

Down

$1,143,066

Down $14,514 (-1.3%) from 2017

Net Assets

Up

-$288,487

Up $19,494 (+6.3%) from 2017

Revenue

Down

$252,578

Down $14,475 (-5.4%) from 2017

Expenses

Down

$233,084

Down $45,407 (-16%) from 2017

Net Income

Up

$19,494

Up $30,932 (+270%) from 2017

Trend Graphs

Balance Sheet Trend

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

$1.5M$1.0M$500K$0-$500KAssets 2011: $402,338Liabilities 2011: $681,275Net Assets 2011: -$278,9372011Assets 2012: $1,069,158Liabilities 2012: $1,309,454Net Assets 2012: -$240,2962012Assets 2013: $993,439Liabilities 2013: $1,257,953Net Assets 2013: -$264,5142013Assets 2014: $1,004,436Liabilities 2014: $1,262,931Net Assets 2014: -$258,4952014Assets 2015: $937,818Liabilities 2015: $1,195,435Net Assets 2015: -$257,6172015Assets 2016: $903,514Liabilities 2016: $1,200,057Net Assets 2016: -$296,5432016Assets 2017: $849,599Liabilities 2017: $1,157,580Net Assets 2017: -$307,9812017Assets 2018: $854,579Liabilities 2018: $1,143,066Net Assets 2018: -$288,4872018

Highlighted filing

2018

Assets$854,579
Liabilities$1,143,066
Net Assets-$288,487

Operations Trend

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

$300K$200K$100K$0-$100KExpenses 2011: $202,3782011Expenses 2012: $199,7692012Revenue 2013: $262,186Expenses 2013: $286,404Net Income 2013: -$24,2182013Revenue 2014: $274,233Expenses 2014: $268,214Net Income 2014: $6,0192014Revenue 2015: $286,673Expenses 2015: $285,795Net Income 2015: $8782015Revenue 2016: $246,240Expenses 2016: $285,166Net Income 2016: -$38,9262016Revenue 2017: $267,053Expenses 2017: $278,491Net Income 2017: -$11,4382017Revenue 2018: $252,578Expenses 2018: $233,084Net Income 2018: $19,4942018

Highlighted filing

2018

Revenue$252,578
Expenses$233,084
Net Income$19,494

Filings

Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2018 to Dec 31, 2018
Signed
Nov 7, 2019
Return Version
2018v3.1
Gross Receipts
$252,578
Mission and Program Overview

Mission

Operates a 25 unit apartment complex for elderly and handicapped tenants.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$539,488$539,491▲ $3
Savings and Temporary Cash Investments$214,619$224,322▲ $9,703
Intangible Assets$79,711$77,031▼ $2,680
Prepaid Expenses and Deferred Charges$10,797$11,262▲ $465
Accounts Receivable$346$1,295▲ $949
Cash and Non-Interest-Bearing Accounts$4,638$1,178▼ $3,460
Total Assets$849,599$854,579▲ $4,980
Liabilities
Mortgage Notes Payable Secured by Investment Property$1,134,086$1,111,462▼ $22,624
Accounts Payable and Accrued Expenses$16,006$24,910▲ $8,904
Other Liabilities$6,666$6,549▼ $117
Deferred Revenue$822$145▼ $677
Total Liabilities$1,157,580$1,143,066▼ $14,514
Net Assets / Fund Balance
Unrestricted Net Assets$-307,981$-288,487▲ $19,494
Total Net Assets Fund Balance$-307,981$-288,487▲ $19,494
Total Liabilities and Net Assets / Fund Balance$849,599$854,579▲ $4,980

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$372,571$931,903$1,304,474
Land$138,762-$138,762
Other Land Buildings$21,941$60,893$82,834
Equipment$6,217$19,464$25,681
Compensation and Service Providers

Board Members and Trustees

NameTitle
Gerald BellendirPresident
Elva DuganVice President
Dorothy KessenichSecretary
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$250,107
Investment Income
$342
Other Revenue
$2,129
Change in Net Assets
$19,494

Audited Revenue Reconciliation

Revenue per Audited Statements
$252,578
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$0
Total Revenue per Audited Statements
$252,578
Total Revenue per Form 990
$252,578
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$176,990
Salaries, Compensation, and Employee Benefits$56,094
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$42,394--$42,394
Interest$37,621--$37,621
Occupancy$35,767--$35,767
Fees for Services Accounting$27,612--$27,612
Insurance$20,105--$20,105
Fees for Services Management$15,900--$15,900
Office Expenses$8,362--$8,362
Current Officers, Directors, Trustees, and Key Employees$4,776--$4,776
Payroll Taxes$4,739--$4,739
Other Employee Benefits$4,185--$4,185
Depreciation Depletion$2,679--$2,679
Other Expenses$311--$311
Fees for Services Other$159--$159
Total Functional Expenses$233,084$0$0$233,084

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$233,084
Total Expenses per Audited Statements$233,084
Total Expenses per Form 990$233,084
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
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Security Deposits$6,549
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
Yes
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

St mary's housing committee, inc is managed by ross management, inc., a professional property management company. Ross management, inc. Has a project owner's and management agent's certification for multifamily housing projects with the u.s. Department of housing and urban development. Under this certification, hud has approved ross management, inc. To manage the st. Mary's housing committee, inc. The management contract encompasses the day to day operations of the project including, but not limited to, collection of rents, maintenance of facilities, supervision of staff, and ongoing support for both the owners and tenants as needed in order to establish a safe, sanitary and affordable environment. None of the officers or directors listed in part vii are compensated by ross management, inc.

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

The directors shall be designated annually by the st. Mary's parish council, greeley, colorado.

Form 990, Part VI, Section A, Line 7B

The board of directors shall have the power to adopt such by-laws and to alter the same as it may from time to time deem proper for the management of the affairs of the corporation, so long as these by-laws are not inconsistent with the provision of these articles or any regulatory agreement between the corporation and the federal housing commission or other appropriate official.

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

Organization's process to review form 990 tax return is reviewed by the officer prior to signing and by the board at its next meeting.

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

Enforcement of conflicts policy: all directors sign a disclosure policy annually regarding their possible conflicts.

Form 990, Part VI, Section B, Line 15A

The compensation policy is determined based upon occasional compensation studies performed by an independent compensation consultant.

Form 990, Part VI, Section C, Line 19

Governing documents disclosure explanation: copies provided upon request at no charge.

Filing and Contact Details

Filer

Filer Name
ST MARY'S HOUSING COMMITTEE INC
EIN
74-2275537
Phone
9256314241
Address
2025 YORK STREET, DENVER, CO 80208

Signing Officer

Name
Gerald Bellendir
Title
President
Phone
9256314241
Signed
2019-11-07
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Gerald Bellendir
Formed
1975
Legal Domicile
Co
Voting Board Members
3
Independent Board Members
3
Employees
3
Volunteers
0

Preparer

Firm
DAUBY O'CONNOR & ZALESKI LLC
Address
501 CONGRESSIONAL BLVD 300, CARMEL, IN 46032
Preparer
Nancy Morton
Phone
3178485700
Supplemental Narrative

Additional Explanations

Form 990 - Part IX, Line 22

Please note that as of 01/01/18, management has began to actively seek a buyer for the property; therefore, there is no depreciation being shown for gaap purposes and on line 22 for the 990. The corporation has entered into a purchase agreement to see the property in 2019 pending review of the purchase agreement by lenders and hud.

Form 990, Part XII, Line 2C

All directors sign a disclosure policy annually regarding their possible conflicts.

Financial Statement Notes

PART X, LINE 2:

The corporation from federal income tax under section 501(c)(3) of the internal revenue code and state income tax and has been classified as an other than private foundation. Accordingly, no provision for federal and state taxes on revenue and income has been recognized in the accompanying financial statements. Generally, the federal and state returns were subject to examinations from the three years after the later of the original or extended due date or the date filed with the applicable tax authority.

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IRS990/ScheduleBRequiredInd00
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IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0THE CORPORATION FROM FEDERAL INCOME TAX UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE AND STATE INCOME TAX AND HAS BEEN CLASSIFIED AS AN OTHER THAN PRIVATE FOUNDATION. ACCORDINGLY, NO PROVISION FOR FEDERAL AND STATE TAXES ON REVENUE AND INCOME HAS BEEN RECOGNIZED IN THE ACCOMPANYING FINANCIAL STATEMENTS. GENERALLY, THE FEDERAL AND STATE RETURNS WERE SUBJECT TO EXAMINATIONS FROM THE THREE YEARS AFTER THE LATER OF THE ORIGINAL OR EXTENDED DUE DATE OR THE DATE FILED WITH THE APPLICABLE TAX AUTHORITY.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART X, LINE 2:
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IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0ST MARY'S HOUSING COMMITTEE, INC IS MANAGED BY ROSS MANAGEMENT, INC., A PROFESSIONAL PROPERTY MANAGEMENT COMPANY. ROSS MANAGEMENT, INC. HAS A PROJECT OWNER'S AND MANAGEMENT AGENT'S CERTIFICATION FOR MULTIFAMILY HOUSING PROJECTS WITH THE U.S. DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT. UNDER THIS CERTIFICATION, HUD HAS APPROVED ROSS MANAGEMENT, INC. TO MANAGE THE ST. MARY'S HOUSING COMMITTEE, INC. THE MANAGEMENT CONTRACT ENCOMPASSES THE DAY TO DAY OPERATIONS OF THE PROJECT INCLUDING, BUT NOT LIMITED TO, COLLECTION OF RENTS, MAINTENANCE OF FACILITIES, SUPERVISION OF STAFF, AND ONGOING SUPPORT FOR BOTH THE OWNERS AND TENANTS AS NEEDED IN ORDER TO ESTABLISH A SAFE, SANITARY AND AFFORDABLE ENVIRONMENT. NONE OF THE OFFICERS OR DIRECTORS LISTED IN PART VII ARE COMPENSATED BY ROSS MANAGEMENT, INC.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE DIRECTORS SHALL BE DESIGNATED ANNUALLY BY THE ST. MARY'S PARISH COUNCIL, GREELEY, COLORADO.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE BOARD OF DIRECTORS SHALL HAVE THE POWER TO ADOPT SUCH BY-LAWS AND TO ALTER THE SAME AS IT MAY FROM TIME TO TIME DEEM PROPER FOR THE MANAGEMENT OF THE AFFAIRS OF THE CORPORATION, SO LONG AS THESE BY-LAWS ARE NOT INCONSISTENT WITH THE PROVISION OF THESE ARTICLES OR ANY REGULATORY AGREEMENT BETWEEN THE CORPORATION AND THE FEDERAL HOUSING COMMISSION OR OTHER APPROPRIATE OFFICIAL.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3ORGANIZATION'S PROCESS TO REVIEW FORM 990 TAX RETURN IS REVIEWED BY THE OFFICER PRIOR TO SIGNING AND BY THE BOARD AT ITS NEXT MEETING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4ENFORCEMENT OF CONFLICTS POLICY: ALL DIRECTORS SIGN A DISCLOSURE POLICY ANNUALLY REGARDING THEIR POSSIBLE CONFLICTS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5THE COMPENSATION POLICY IS DETERMINED BASED UPON OCCASIONAL COMPENSATION STUDIES PERFORMED BY AN INDEPENDENT COMPENSATION CONSULTANT.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6GOVERNING DOCUMENTS DISCLOSURE EXPLANATION: COPIES PROVIDED UPON REQUEST AT NO CHARGE.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt7PLEASE NOTE THAT AS OF 01/01/18, MANAGEMENT HAS BEGAN TO ACTIVELY SEEK A BUYER FOR THE PROPERTY; THEREFORE, THERE IS NO DEPRECIATION BEING SHOWN FOR GAAP PURPOSES AND ON LINE 22 FOR THE 990. THE CORPORATION HAS ENTERED INTO A PURCHASE AGREEMENT TO SEE THE PROPERTY IN 2019 PENDING REVIEW OF THE PURCHASE AGREEMENT BY LENDERS AND HUD.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt8ALL DIRECTORS SIGN A DISCLOSURE POLICY ANNUALLY REGARDING THEIR POSSIBLE CONFLICTS.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION A, LINE 3
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION A, LINE 7A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION A, LINE 7B
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 15A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6FORM 990, PART VI, SECTION C, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc7FORM 990 - PART IX, LINE 22
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc8FORM 990, PART XII, LINE 2C
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IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TempOrPermanentEndowmentsInd00
IRS990/TerminateOperationsInd00
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ReturnHeader/BuildTS02020-03-31 21:24:44Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0GERALD BELLENDIR
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0PRESIDENT
ReturnHeader/BusinessOfficerGrp/PhoneNum09256314241
ReturnHeader/BusinessOfficerGrp/SignatureDt02019-11-07
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0ST MARY'S HOUSING COMMITTEE INC
ReturnHeader/Filer/BusinessNameControlTxt0STMA
ReturnHeader/Filer/EIN0742275537
ReturnHeader/Filer/PhoneNum09256314241

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