Civic Intelligence

Providence Network Fka the Executive Network

990 • Fiscal year 2019 • EIN 74-2505406

Apr 01, 2018 to Mar 31, 2019 • Filed on Oct 07, 2019

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

66th percentile

0.32x

Higher debt load relative to assets than 66% of similar nonprofits.

2019 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2019

Liabilities / Revenue

87th percentile

1.62x

Higher debt load relative to revenue than 87% of similar nonprofits.

2019 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2019

Net Margin

46th percentile

1.8%

Higher net margin than 46% of similar nonprofits.

2019 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2019

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.

2019 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2019

Asset Growth

89th percentile

32%

Faster asset growth than 89% of similar nonprofits.

2019 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2018 to 2019

Revenue Growth

32nd percentile

-2.3%

Faster revenue growth than 32% of similar nonprofits.

2019 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2018 to 2019

Assets

Up

$9,755,878

Up $2,352,559 (+32%) from 2018

Net Assets

Up

$6,648,750

Up $245,605 (+3.8%) from 2018

Liabilities

Up

$3,107,128

Up $2,106,954 (+211%) from 2018

Revenue

Down

$1,918,059

Down $44,621 (-2.3%) from 2018

Expenses

Up

$1,883,147

Up $416,042 (+28%) from 2018

Net Income

Down

$34,912

Down $460,663 (-93%) from 2018

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

2019

Assets$9,755,878
Liabilities$3,107,128
Net Assets$6,648,750

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

2019

Revenue$1,918,059
Expenses$1,883,147
Net Income$34,912
Jump To
Filing Snapshot
Filing Period
Apr 1, 2018 to Mar 31, 2019
Signed
Oct 7, 2019
Return Version
2018v3.1
Gross Receipts
$1,918,059
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.

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 and supportive apartment communities.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$4,188,261$9,535,544▲ $5,347,283
Pledges and Grants Receivable$34,276$75,900▲ $41,624
Cash and Non-Interest-Bearing Accounts$43,482$44,394▲ $912
Savings and Temporary Cash Investments$180,057$43,011▼ $137,046
Prepaid Expenses and Deferred Charges$25,634$40,098▲ $14,464
Intangible Assets-$15,414-
Accounts Receivable$3,325$1,517▼ $1,808
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-
Inventories for Sale or Use-$0-
Total Assets$7,403,319$9,755,878▲ $2,352,559
Other Assets Total$2,928,284$0▼ $2,928,284
Liabilities
Mortgage Notes Payable Secured by Investment Property-$1,500,000-
Other Liabilities$866,538$1,430,617▲ $564,079
Accounts Payable and Accrued Expenses$133,636$176,511▲ $42,875
Total Liabilities$1,000,174$3,107,128▲ $2,106,954
Net Assets / Fund Balance
Unrestricted Net Assets$6,324,818$6,588,358▲ $263,540
Temporarily Rstr Net Assets$78,327$60,392▼ $17,935
Total Net Assets Fund Balance$6,403,145$6,648,750▲ $245,605
Total Liabilities and Net Assets / Fund Balance$7,403,319$9,755,878▲ $2,352,559

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$4,844,407$797,168$5,641,575
Land$3,209,710-$3,209,710
Leasehold Improvements$1,378,666$562,827$1,941,493
Other Land Buildings$96,221$137,406$233,627
Equipment$6,540$44,299$50,839
Compensation and Service Providers

Board Members and Trustees

NameTitle
Kacey PickardChairman
Andrew ChapinBoard Member
Christy PorterBoard Member
David MilholmBoard Member
F Kevin KurtzBoard Member
Jerry MiddelBoard Member
Derek KuykendallExec Director
Andy CannonHomes Director
Kimberly BoltSecretary
Chad SchererTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$1,478,412
Program Service Revenue
$439,481
Investment Income
$166
Other Revenue
$0
All Other Contributions
$1,320,752
Change in Net Assets
$34,912

Noncash Contribution Practices

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

Noncash Contributions

Contribution TypeReported Amount
Real Estate Residential$250,000
Other Non Cash Contri Table$66,503
Clothing and Household Goods$24,834
Food Inventory$21,025
Total Noncash Contributions$362,362

Audited Revenue Reconciliation

Revenue per Audited Statements
$1,918,059
Revenue Not Reported on Form 990
$81,960
Total Revenue per Audited Statements
$2,000,019
Total Revenue per Form 990
$1,918,059
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$1,058,204
Other Expenses$824,943
Total Fundraising Expense$248,325
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$584,607$62,910$133,286$780,803
Other Employee Benefits$163,247$28,279$24,532$216,058
Depreciation Depletion$197,228--$197,228
Occupancy$166,212$35-$166,247
All Other Expenses$117,493$-27,129$24,594$114,958
Interest$86,673$12,679-$99,352
Payroll Taxes$46,788$4,484$10,071$61,343
Insurance$55,665$2,548$236$58,449
Fees for Services Other$6,420$23,461$6,634$36,515
Other Expenses$27,758$4$4,614$27,758
Conferences and Meetings$2,038$2,246$1,064$5,348
Total Functional Expenses$1,520,378$114,444$248,325$1,883,147

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$1,965,107
Expenses per Audited Statements$1,883,147
Total Expenses per Form 990$1,883,147
Expenses Not Reported on Form 990$81,960
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Various Special Events$157,660---
Total Events$157,660---
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
Line of Credit$1,412,602
Tenant Security Deposits$13,861
Deferred Revenue$4,154
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
2019-10-07
Discuss with paid preparer
Yes

Organization Details

Formed
1987
Legal Domicile
Co
Voting Board Members
10
Independent Board Members
9
Employees
38
Volunteers
250

Preparer

Firm
Cahill & Associates PC
Address
4810 Riverbend Road, Boulder, CO 80301
Preparer
Edward T Cahill CPA
Phone
3034400400
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IRS990/Form990PartVIISectionAGrp/TitleTxt6HOMES DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt7BOARD 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 AND SUPPORTIVE APARTMENT COMMUNITIES.
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IRS990/OtherExpensesGrp/Desc1PROGRAM SUPPLIES
IRS990/OtherExpensesGrp/Desc2DONATED GOODS - IN-KIND
IRS990/OtherExpensesGrp/Desc3FOOD/RESIDENCE MEALS
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IRS990/OtherExpensesGrp/TotalAmt141208
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IRS990/PayrollTaxesGrp/FundraisingAmt010071
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IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt159873
IRS990/ProhibitedTaxShelterTransInd0false
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IRS990/PYExcessBenefitTransInd0false
IRS990/PYInvestmentIncomeAmt0640
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IRS990/PYProgramServiceRevenueAmt0351782
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IRS990/PYSalariesCompEmpBnftPaidAmt0883284
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IRS990/PYTotalRevenueAmt01962680
IRS990/QuidProQuoContributionsInd0false
IRS990/RcvblFromDisqualifiedPrsnGrp/EOYAmt00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd0false
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IRS990/ReconcilationRevenueExpnssAmt034912
IRS990/RegularMonitoringEnfrcInd0true
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IRS990/SavingsAndTempCashInvstGrp/BOYAmt0180057
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IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus3YearsAmt0671
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IRS990/ScheduleBRequiredInd0true

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
2019Detailed filing. Detailed filing data is available for this year.$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
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$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