Civic Intelligence

Providence Network Fka the Executive Network

990 • Fiscal year 2017 • EIN 74-2505406

Apr 01, 2016 to Mar 31, 2017 • Filed on Aug 14, 2017

801 Logan StreetDenver, CO 80203

(303) 860-8404

Siviq Scores

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

Liabilities / Assets

38th percentile

0.08x

Higher debt load relative to assets than 38% of similar nonprofits.

2017 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2017

Liabilities / Revenue

62nd percentile

0.29x

Higher debt load relative to revenue than 62% of similar nonprofits.

2017 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2017

Net Margin

83rd percentile

27%

Higher net margin than 83% of similar nonprofits.

2017 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2017

Top Officer Pay

20th percentile

$0

Higher top officer pay than 20% of similar nonprofits.

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

2017 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2017

Asset Growth

64th percentile

8.7%

Faster asset growth than 64% of similar nonprofits.

2017 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2016 to 2017

Revenue Growth

11th percentile

-23%

Faster revenue growth than 11% of similar nonprofits.

2017 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2016 to 2017

Assets

Up

$6,406,154

Up $511,442 (+8.7%) from 2016

Net Assets

Up

$5,907,570

Up $513,529 (+9.5%) from 2016

Liabilities

Down

$498,584

Down $2,087 (-0.4%) from 2016

Revenue

Down

$1,691,870

Down $501,254 (-23%) from 2016

Expenses

Down

$1,237,392

Down $96,293 (-7.2%) from 2016

Net Income

Down

$454,478

Down $404,961 (-47%) from 2016

Historical Trend

Balance Sheet Trend

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

$10M$5.0M$0Assets 2011: $4,507,459Liabilities 2011: $668,705Net Assets 2011: $3,838,7542011Assets 2012: $4,569,703Liabilities 2012: $111,782Net Assets 2012: $4,457,9212012Assets 2013: $4,634,871Liabilities 2013: $94,535Net Assets 2013: $4,540,3362013Assets 2014: $4,713,955Liabilities 2014: $90,087Net Assets 2014: $4,623,8682014Assets 2015: $4,622,915Liabilities 2015: $88,313Net Assets 2015: $4,534,6022015Assets 2016: $5,894,712Liabilities 2016: $500,671Net Assets 2016: $5,394,0412016Assets 2017: $6,406,154Liabilities 2017: $498,584Net Assets 2017: $5,907,5702017Assets 2018: $7,403,319Liabilities 2018: $1,000,174Net Assets 2018: $6,403,1452018Assets 2019: $9,755,878Liabilities 2019: $3,107,128Net Assets 2019: $6,648,7502019Assets 2020: $9,747,432Liabilities 2020: $3,401,985Net Assets 2020: $6,345,4472020Assets 2021: $9,591,929Liabilities 2021: $2,906,785Net Assets 2021: $6,685,1442021Assets 2022: $9,440,900Liabilities 2022: $2,925,374Net Assets 2022: $6,515,5262022Assets 2023: $9,890,135Liabilities 2023: $3,148,134Net Assets 2023: $6,742,0012023Assets 2024: $9,253,320Liabilities 2024: $2,757,085Net Assets 2024: $6,496,2352024Assets 2025: $9,086,664Liabilities 2025: $3,158,069Net Assets 2025: $5,928,5952025

Highlighted filing

2017

Assets$6,406,154
Liabilities$498,584
Net Assets$5,907,570

Operations Trend

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

$3.0M$2.0M$1.0M$0-$1.0MExpenses 2011: $1,068,0302011Revenue 2012: $1,759,809Expenses 2012: $1,140,642Net Income 2012: $619,1672012Revenue 2013: $1,347,869Expenses 2013: $1,265,454Net Income 2013: $82,4152013Revenue 2014: $1,340,726Expenses 2014: $1,257,194Net Income 2014: $83,5322014Revenue 2015: $1,178,548Expenses 2015: $1,267,814Net Income 2015: -$89,2662015Revenue 2016: $2,193,124Expenses 2016: $1,333,685Net Income 2016: $859,4392016Revenue 2017: $1,691,870Expenses 2017: $1,237,392Net Income 2017: $454,4782017Revenue 2018: $1,962,680Expenses 2018: $1,467,105Net Income 2018: $495,5752018Revenue 2019: $1,918,059Expenses 2019: $1,883,147Net Income 2019: $34,9122019Revenue 2020: $1,626,858Expenses 2020: $1,930,110Net Income 2020: -$303,2522020Revenue 2021: $2,282,178Expenses 2021: $1,942,481Net Income 2021: $339,6972021Revenue 2022: $1,727,887Expenses 2022: $1,897,505Net Income 2022: -$169,6182022Revenue 2023: $2,290,463Expenses 2023: $2,063,988Net Income 2023: $226,4752023Revenue 2024: $1,946,930Expenses 2024: $2,192,696Net Income 2024: -$245,7662024Revenue 2025: $1,912,805Expenses 2025: $2,480,445Net Income 2025: -$567,6402025

Highlighted filing

2017

Revenue$1,691,870
Expenses$1,237,392
Net Income$454,478
Jump To
Filing Snapshot
Filing Period
Apr 1, 2016 to Mar 31, 2017
Signed
Aug 14, 2017
Return Version
2016v3.0
Gross Receipts
$1,691,870
Mission and Program Overview

Mission

Providence network is an urban, transformational housing organization that helps impoverished men, women and families heal from addictions, abuse and homelessness to become self-sufficient, productive members of the community. We achieve this through a living-in-community model that includes a 2-year "firststep" transitional housing program of individual counseling, group therapy, vocational assistance, life skills development, spiritual growth, and strict accountability with "24/7" live-in staff. Graduates are able to continue their growth in our "nextstep" drug & alcohol-free affordable apartment communities.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$4,177,775$4,278,956▲ $101,181
Pledges and Grants Receivable$145,002$577,474▲ $432,472
Savings and Temporary Cash Investments$265,080$120,095▼ $144,985
Prepaid Expenses and Deferred Charges$35,762$34,765▼ $997
Cash and Non-Interest-Bearing Accounts$34,485$11,655▼ $22,830
Accounts Receivable$7,082$4,135▼ $2,947
Other Notes and Loans Receivable, Net-$0-
Receivable From Disqualified Prsn-$0-
Receivables From Officers Etc-$0-
Investments Other Securities-$0-
Investments Program Related-$0-
Investments in Publicly Traded Securities-$0-
Intangible Assets-$0-
Inventories for Sale or Use-$0-
Total Assets$5,894,712$6,406,154▲ $511,442
Other Assets Total$1,229,526$1,379,074▲ $149,548
Liabilities
Other Liabilities$414,561$414,562▲ $1
Accounts Payable and Accrued Expenses$86,110$84,022▼ $2,088
Total Liabilities$500,671$498,584▼ $2,087
Net Assets / Fund Balance
Unrestricted Net Assets$5,115,444$5,311,913▲ $196,469
Temporarily Rstr Net Assets$278,597$595,657▲ $317,060
Total Net Assets Fund Balance$5,394,041$5,907,570▲ $513,529
Total Liabilities and Net Assets / Fund Balance$5,894,712$6,406,154▲ $511,442

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$1,477,296$826,823$2,304,119
Leasehold Improvements$1,281,682$452,069$1,733,751
Land$1,484,806-$1,484,806
Other Land Buildings$33,274$107,051$140,325
Equipment$1,898$38,041$39,939
Other Assets Org$1,379,074--
Compensation and Service Providers

Board Members and Trustees

NameTitle
Thomas AlleyChairman
Jerry MiddelVice Chairman
David MilholmBoard Member
Diane GibsonBoard Member
F Kevin KurtzBoard Member
Idella KercherBoard Member
Kacey PickardBoard Member
Kent MooreBoard Member
Kimberly BoltBoard Member
Linda ChowdryBoard Member
Derek KuykendallExec Director
Andy CannonHomes Director
Christy PorterSecretary
Revenue and Support

Revenue Composition

Contributions and Grants
$1,317,052
Program Service Revenue
$374,440
Investment Income
$378
Other Revenue
$0
All Other Contributions
$1,317,052
Change in Net Assets
$454,478

Noncash Contribution Practices

Property subject to holding requirements
No
Reviewed unusual noncash gifts
No
Third parties used for noncash contributions
No

Noncash Contributions

Contribution TypeContribution CountReported AmountValuation Method
Other Non Cash Contri Table1$87,035Proj Eval
Food Inventory24$26,976Avg Wholesale
Clothing and Household Goods-$5,064Estimate
Total Noncash Contributions25$119,075-

Audited Revenue Reconciliation

Revenue per Audited Statements
$1,691,870
Revenue Not Reported on Form 990
$60,733
Total Revenue per Audited Statements
$1,752,603
Total Revenue per Form 990
$1,691,870
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$728,691
Other Expenses$508,701
Total Fundraising Expense$122,807
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$355,036$12,835$45,273$413,144
Current Officers, Directors, Trustees, and Key Employees$50,848$50,848$25,424$127,120
Depreciation Depletion$119,919--$119,919
Other Employee Benefits$97,584$10,806$5,139$113,529
Occupancy$107,626$10-$107,636
All Other Expenses$85,778$-28,002$23,361$81,137
Fees for Services Other$17,195$23,117$5,876$46,188
Payroll Taxes$34,081$4,857$5,524$44,462
Insurance$40,993$2,008$65$43,066
Pension Plan Contributions$22,928$3,821$3,687$30,436
Other Expenses$9,526$1,254$6,638$17,418
Interest$12,720$550-$13,270
Conferences and Meetings$2,980$1,582$1,250$5,812
Total Functional Expenses$1,026,847$87,738$122,807$1,237,392

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$1,298,127
Expenses per Audited Statements$1,237,392
Total Expenses per Form 990$1,237,392
Expenses Not Reported on Form 990$60,735
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

Loans and Receivables

Line ItemBeginningEndChange
Receivables from Disqualified Persons-$0-
Receivables from Officers, Directors, Trustees, and Key Employees-$0-
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Note Payable$400,000
Tenant Security Deposits$12,046
Deferred Revenue$2,515
Rounding$1
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
Yes
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Line 11B: Form 990 Review Process

The finance committee reviews form 990 and compares the return to the audited financial statements.

Form 990, Part VI, Line 12C: Explanation of Monitoring and Enforcement of Conflicts

The board conducts a periodic review to determine that the conflict of interest policy is being followed.

Form 990, Part VI, Line 15B: Compensation Review and Approval Process for Officers and Key Employees

Form 990, part vi, line 15b - compensation review & approval process - officers & key employees the board of directors finance committee conducts an annual salary survey and presents results to the board chairman who leads the executive committee in conducting the executive director's annual performance review. Other staff members are evaluated by their supervisor.

Form 990, Part VI, Line 19: Other Organization Documents Publicly Available

The organization provides access to governing documents, policies, and financial statements upon request.

Filing and Contact Details

Filer

Filer Name
Providence Network
EIN
74-2505406
Phone
3038608404
Address
801 LOGAN STREET, DENVER, CO 80203

Signing Officer

Name
Derek Kuykendall
Title
Exec Director
Signed
2017-08-14
Discuss with paid preparer
Yes

Organization Details

Formed
1987
Legal Domicile
Co
Voting Board Members
13
Independent Board Members
11
Employees
26
Volunteers
341

Preparer

Firm
Cahill & Associates PC
Address
4810 Riverbend Road, Boulder, CO 80301
Preparer
Edward T Cahill CPA
Phone
3034400400
Supplemental Narrative

Financial Statement Notes

Part XII, Line 2D: Other expenses and losses per audited F/S

Donated services $60733 rounding $2

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IRS990/Form990PartVIISectionAGrp/TitleTxt0BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt1BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt2VICE CHAIRMAN
IRS990/Form990PartVIISectionAGrp/TitleTxt3BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt4Secretary
IRS990/Form990PartVIISectionAGrp/TitleTxt5EXEC DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt6Chairman
IRS990/Form990PartVIISectionAGrp/TitleTxt7BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt8HOMES DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt9BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt10BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt11BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt12BOARD MEMBER
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IRS990/MissionDesc0PROVIDENCE NETWORK IS AN URBAN, TRANSFORMATIONAL HOUSING ORGANIZATION THAT HELPS IMPOVERISHED MEN, WOMEN AND FAMILIES HEAL FROM ADDICTIONS, ABUSE AND HOMELESSNESS TO BECOME SELF-SUFFICIENT, PRODUCTIVE MEMBERS OF THE COMMUNITY. WE ACHIEVE THIS THROUGH A LIVING-IN-COMMUNITY MODEL THAT INCLUDES A 2-YEAR "FIRSTSTEP" TRANSITIONAL HOUSING PROGRAM OF INDIVIDUAL COUNSELING, GROUP THERAPY, VOCATIONAL ASSISTANCE, LIFE SKILLS DEVELOPMENT, SPIRITUAL GROWTH, AND STRICT ACCOUNTABILITY WITH "24/7" LIVE-IN STAFF. GRADUATES ARE ABLE TO CONTINUE THEIR GROWTH IN OUR "NEXTSTEP" DRUG & ALCOHOL-FREE AFFORDABLE APARTMENT COMMUNITIES.
IRS990/MoreThan5000KToIndividualsInd0false
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IRS990/NetIncomeFromGamingGrp/TotalRevenueColumnAmt00
IRS990/NetIncomeOrLossGrp/TotalRevenueColumnAmt00
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IRS990/OtherAssetsTotalGrp/BOYAmt01229526
IRS990/OtherAssetsTotalGrp/EOYAmt01379074
IRS990/OtherEmployeeBenefitsGrp/FundraisingAmt05139
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IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt097584
IRS990/OtherEmployeeBenefitsGrp/TotalAmt0113529
IRS990/OtherExpensesGrp/Desc0DONATED GOODS - IN-KIND
IRS990/OtherExpensesGrp/Desc1PROGRAM SUPPLIES
IRS990/OtherExpensesGrp/Desc2TELEPHONE/INTERNET/CABLE
IRS990/OtherExpensesGrp/Desc3BANK & CREDIT CARD CHARGES
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IRS990/OtherExpensesGrp/FundraisingAmt1323
IRS990/OtherExpensesGrp/FundraisingAmt26638
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt01892
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt12160
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt21254
IRS990/OtherExpensesGrp/ProgramServicesAmt032039
IRS990/OtherExpensesGrp/ProgramServicesAmt120222
IRS990/OtherExpensesGrp/ProgramServicesAmt217372
IRS990/OtherExpensesGrp/ProgramServicesAmt39526
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IRS990/OtherExpensesGrp/TotalAmt122361
IRS990/OtherExpensesGrp/TotalAmt219855
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IRS990/PensionPlanContributionsGrp/FundraisingAmt03687
IRS990/PensionPlanContributionsGrp/ManagementAndGeneralAmt03821
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IRS990/PYOtherRevenueAmt062505
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IRS990/PYTotalExpensesAmt01333685
IRS990/PYTotalRevenueAmt02193124
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IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus1YearAmt01783627
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus2YearsAmt0770047
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus3YearsAmt0930295
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus4YearsAmt0932623
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IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus1YearAmt0671
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IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus3YearsAmt0682
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus4YearsAmt01015
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IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus1YearAmt0346321
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IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus4YearsAmt0351780
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IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus3YearsAmt0682
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus4YearsAmt01015

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$9.09$3.16$5.93$1.91$2.48$0.57
2024XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$9.25$2.76$6.50$1.95$2.19$0.25
2023XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$9.89$3.15$6.74$2.29$2.06$0.23
2022XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$9.44$2.93$6.52$1.73$1.90$0.17
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$9.59$2.91$6.69$2.28$1.94$0.34
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$9.75$3.40$6.35$1.63$1.93$0.30
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$9.76$3.11$6.65$1.92$1.88$0.03
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$7.40$1.00$6.40$1.96$1.47$0.50
2017Detailed filing. Detailed filing data is available for this year.$6.41$0.50$5.91$1.69$1.24$0.45
2016Detailed filing. Detailed filing data is available for this year.$5.89$0.50$5.39$2.19$1.33$0.86
2015Detailed filing. Detailed filing data is available for this year.$4.62$0.09$4.53$1.18$1.27$0.09
2014Detailed filing. Detailed filing data is available for this year.$4.71$0.09$4.62$1.34$1.26$0.08
2013Summary only. Only limited summary data is available for this year.$4.63$0.09$4.54$1.35$1.27$0.08
2012Summary only. Only limited summary data is available for this year.$4.57$0.11$4.46$1.76$1.14$0.62
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$4.51$0.67$3.84$1.07