Civic Intelligence

Kappa Housing Incorporated

990 • Fiscal year 2018 • EIN 84-0849407

Jan 01, 2018 to Dec 31, 2018 • Filed on May 15, 2019

2160 DowningDenver, CO 80205

(720) 320-6470

Siviq Scores

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

Liabilities / Assets

97th percentile

1.53x

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

2018 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2018

Liabilities / Revenue

93rd percentile

3.09x

Higher debt load relative to revenue than 93% of similar nonprofits.

2018 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2018

Net Margin

21st percentile

-9.6%

Higher net margin than 21% of similar nonprofits.

2018 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2018

Top Officer Pay

35th percentile

$0

Higher top officer pay than 35% of similar nonprofits.

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

2018 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2018

Asset Growth

23rd percentile

-5.2%

Faster asset growth than 23% of similar nonprofits.

2018 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2016 to 2018

Revenue Growth

48th percentile

2.9%

Faster revenue growth than 48% of similar nonprofits.

2018 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2016 to 2018

Assets

Down

$1,031,721

Down $116,818 (-10%) from 2016

Net Assets

Up

-$543,625

Up $7,960 (+1.4%) from 2016

Liabilities

Down

$1,575,346

Down $124,778 (-7.3%) from 2016

Revenue

Up

$509,288

Up $28,505 (+5.9%) from 2016

Expenses

Up

$558,179

Up $5,737 (+1.0%) from 2016

Net Income

Up

-$48,891

Up $22,768 (+32%) from 2016

Historical Trend

Balance Sheet Trend

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

$2.0M$1.0M$0-$1.0MAssets 2011: $855,675Liabilities 2011: $1,229,277Net Assets 2011: -$373,6022011Assets 2012: $802,724Liabilities 2012: $1,182,019Net Assets 2012: -$379,2952012Assets 2013: $776,334Liabilities 2013: $1,142,747Net Assets 2013: -$366,4132013Assets 2014: $0Liabilities 2014: $0Net Assets 2014: $02014Assets 2015: $1,247,125Liabilities 2015: $1,725,113Net Assets 2015: -$477,9882015Assets 2016: $1,148,539Liabilities 2016: $1,700,124Net Assets 2016: -$551,5852016Assets 2018: $1,031,721Liabilities 2018: $1,575,346Net Assets 2018: -$543,6252018Assets 2019: $913,855Liabilities 2019: $1,551,473Net Assets 2019: -$637,6182019Assets 2020: $988,591Liabilities 2020: $1,511,048Net Assets 2020: -$522,4572020Assets 2021: $622,394Liabilities 2021: $1,489,855Net Assets 2021: -$867,4612021Assets 2022: $913,180Liabilities 2022: $1,474,684Net Assets 2022: -$561,5042022Assets 2023: $907,350Liabilities 2023: $1,439,757Net Assets 2023: -$532,4072023Assets 2024: $878,260Liabilities 2024: $1,425,577Net Assets 2024: -$547,3172024

Highlighted filing

2018

Assets$1,031,721
Liabilities$1,575,346
Net Assets-$543,625

Operations Trend

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

$1.0M$500K$0-$500KRevenue 2011: $468,431Expenses 2011: $495,481Net Income 2011: -$27,0502011Revenue 2012: $470,265Expenses 2012: $475,958Net Income 2012: -$5,6932012Revenue 2013: $476,971Expenses 2013: $464,089Net Income 2013: $12,8822013Revenue 2014: $0Expenses 2014: $0Net Income 2014: $02014Revenue 2015: $473,527Expenses 2015: $558,441Net Income 2015: -$84,9142015Revenue 2016: $480,783Expenses 2016: $552,442Net Income 2016: -$71,6592016Revenue 2018: $509,288Expenses 2018: $558,179Net Income 2018: -$48,8912018Revenue 2019: $495,769Expenses 2019: $579,670Net Income 2019: -$83,9012019Revenue 2020: $115,161Expenses 2020: $0Net Income 2020: $115,1612020Revenue 2021: -$303,995Expenses 2021: $0Net Income 2021: -$303,9952021Revenue 2022: $318,305Expenses 2022: $0Net Income 2022: $318,3052022Revenue 2023: $29,097Expenses 2023: $0Net Income 2023: $29,0972023Revenue 2024: -$9,550Expenses 2024: $5,360Net Income 2024: -$14,9102024

Highlighted filing

2018

Revenue$509,288
Expenses$558,179
Net Income-$48,891
Jump To
Filing Snapshot
Filing Period
Jan 1, 2018 to Dec 31, 2018
Signed
May 15, 2019
Return Version
2018v3.1
Gross Receipts
$509,288
Mission and Program Overview

Mission

Kappa housing incorporated mission is to provide affordable housing for senior in the denver metropolitan area.

Kappa Housing Incorporated is operated under Section 202 of the National Housing Act and regulated by the U.S. Department of Housing and Urban Development with respect to rental charges and operation method.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$633,463$582,746▼ $50,717
Accounts Receivable$50,082$21,507▼ $28,575
Prepaid Expenses and Deferred Charges$3,454--
Cash and Non-Interest-Bearing Accounts$7,560$250▼ $7,310
Rtn Earn Endowment Incm Other Fnds$-494,734$-543,625▼ $48,891
Total Assets$1,102,742$1,031,721▼ $71,021
Other Assets Total$408,183$427,218▲ $19,035
Liabilities
Mortgage Notes Payable Secured by Investment Property$1,557,473$1,534,092▼ $23,381
Accounts Payable and Accrued Expenses$25,422$24,630▼ $792
Other Liabilities$11,418$13,700▲ $2,282
Deferred Revenue$3,163$2,924▼ $239
Total Liabilities$1,597,476$1,575,346▼ $22,130
Net Assets / Fund Balance
Total Net Assets Fund Balance$-494,734$-543,625▼ $48,891
Total Liabilities and Net Assets / Fund Balance$1,102,742$1,031,721▼ $71,021

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$277,529$1,836,315$2,113,844
Equipment$103,416-$103,416
Land$88,000-$88,000
Leasehold Improvements$77,342-$77,342
Other Land Buildings$36,459--
Other Assets Org$324--
Compensation and Service Providers

Board Members and Trustees

NameTitle
Larry WilliamsChairman
Charles Thomas JrVice Chair
Kenneth FloydExecutive Director
Alonzo LoveMember
Columbus Veasey JrMember
Daniel BrownMember
Gary WoodsMember
KC MatthewsMember
Steve TuttMember
Kevin PatrickSecretary
James DeadwilerTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$355,230
Program Service Revenue
$153,506
Investment Income
$552
Other Revenue
$0
Change in Net Assets
$-48,891

Audited Revenue Reconciliation

Revenue per Audited Statements
$509,288
Total Revenue per Audited Statements
$509,288
Total Revenue per Form 990
$509,288
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$407,534
Salaries, Compensation, and Employee Benefits$150,645
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$107,157$43,488-$150,645
Interest$92,812--$92,812
Insurance$62,319--$62,319
Depreciation Depletion$55,499--$55,499
Fees for Services Management-$28,807-$28,807
Other Expenses$24,012--$24,012
Fees for Services Accounting-$9,717-$9,717
Total Functional Expenses$476,167$82,012$0$558,179

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$558,179
Total Expenses per Audited Statements$558,179
Total Expenses per Form 990$558,179
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
Tenant Security Deposits$13,700
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
Yes
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 governing body review Part VI line 11

The complete copy of the organizations form 990 is available for review at the regular board meetings and upon request of any board member.

Conflict of interest policy compliance Part VI line 12C

Kappa Housing prohibits conflicts of interest in compliance with IRS regulations. We do monitor conflicts of interest annually by having all directors sign a disclosure form regarding their possible conflicts.

CEO executive director top management comp Part VI line 15A

Executive director compensation is developed by compensation commitee and approved be the full board.

Other officer or key employee compensation Part VI line 15B

Compensation for key employees is determined and approved by the board of directors. The executive director reviews and recommends salary amounts for key employees of organization to the boards executive pay committee.

Governing documents etc available to public Part VI line 19

The organizations governming documents are available to the public for inspection upon requestat 2160 Downing, Denver, Colorado. The governing documents are available for public review upon request at 2160 Downing Street,Denver, Colorado 80205

Filing and Contact Details

Filer

Filer Name
Kappa Housing Incorporated
EIN
84-0849407
Address
2160 Downing, Denver, CO 80205

Signing Officer

Name
Dennis E Johnson CPA
Title
CPA
Phone
3035040688
Signed
2019-05-15
Discuss with paid preparer
No

Organization Details

Principal Officer
Larry Williams
Formed
1981
Legal Domicile
Co
Voting Board Members
8
Independent Board Members
8
Employees
3

Preparer

Firm
Dennis Johnson & Company PC
Address
1660 S Albion Street STE 712, Denver, CO 80222
Preparer
Dennis E Johnson
Phone
3035040688
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IRS990/PYContributionsGrantsAmt0347706
IRS990/PYExcessBenefitTransInd0false
IRS990/PYInvestmentIncomeAmt0104
IRS990/PYOtherExpensesAmt0405244
IRS990/PYProgramServiceRevenueAmt0144584
IRS990/PYRevenuesLessExpensesAmt0-20491
IRS990/PYSalariesCompEmpBnftPaidAmt0107641
IRS990/PYTotalExpensesAmt0512885
IRS990/PYTotalRevenueAmt0492394
IRS990/QuidProQuoContributionsInd0true
IRS990/QuidProQuoContriDisclInd0true
IRS990/RcvFndsToPayPrsnlBnftCntrctInd0false
IRS990/ReconcilationRevenueExpnssAmt0-48891
IRS990/RegularMonitoringEnfrcInd0true
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0true
IRS990/ReportOtherLiabilitiesInd0true
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RevenueAmt0509288
IRS990/RtnEarnEndowmentIncmOthFndsGrp/BOYAmt0-494734
IRS990/RtnEarnEndowmentIncmOthFndsGrp/EOYAmt0-543625
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt0355230
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt0351912
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt0348048
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt0346955
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt01402145
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearAmt0552
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus1YearAmt0104
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus2YearsAmt0193
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus3YearsAmt0314
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt01163
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportCY170Pct00.99920
IRS990ScheduleA/PublicSupportTotal170Amt01402145
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind0X
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt0355230
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt0351912
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt0348048
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt0346955
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt01402145
IRS990ScheduleA/TotalSupportAmt01403308
IRS990/ScheduleBRequiredInd0false
IRS990ScheduleD/BuildingsGrp/BookValueAmt0277529
IRS990ScheduleD/BuildingsGrp/DepreciationAmt01836315
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt02113844
IRS990ScheduleD/EquipmentGrp/BookValueAmt0103416
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt0103416
IRS990ScheduleD/ExpensesSubtotalAmt0558179
IRS990ScheduleD/LandGrp/BookValueAmt088000
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt088000
IRS990ScheduleD/LeaseholdImprovementsGrp/BookValueAmt077342
IRS990ScheduleD/LeaseholdImprovementsGrp/OtherCostOrOtherBasisAmt077342
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt013190
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt1221332
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt25536
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt3116794
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt434770
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt535272
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt6324
IRS990ScheduleD/OtherAssetsOrgGrp/Desc0Tenant Deposits- Held In Trust
IRS990ScheduleD/OtherAssetsOrgGrp/Desc1Development Costs - Net of Amort
IRS990ScheduleD/OtherAssetsOrgGrp/Desc2Mortgage Escrow
IRS990ScheduleD/OtherAssetsOrgGrp/Desc3Replacement Reserve
IRS990ScheduleD/OtherAssetsOrgGrp/Desc4Reserve For Capital Improv
IRS990ScheduleD/OtherAssetsOrgGrp/Desc5Development Fund
IRS990ScheduleD/OtherAssetsOrgGrp/Desc6Residual Receipts
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt036459
IRS990ScheduleD/OtherLandBuildingsGrp/InvestmentCostOrOtherBasisAmt036459
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt013700
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0Tenant Security Deposits
IRS990ScheduleD/RevenueSubtotalAmt0509288
IRS990ScheduleD/TotalBookValueLandBuildingsAmt0582746
IRS990ScheduleD/TotalBookValueOtherAssetsAmt0427218
IRS990ScheduleD/TotalExpensesPerForm990Amt0558179
IRS990ScheduleD/TotalLiabilityAmt013700
IRS990ScheduleD/TotalRevenuePerForm990Amt0509288
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt0509288
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt0558179
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0The complete copy of the organizations form 990 is available for review at the regular board meetings and upon request of any board member.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1Kappa Housing prohibits conflicts of interest in compliance with IRS regulations. We do monitor conflicts of interest annually by having all directors sign a disclosure form regarding their possible conflicts.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2Executive director compensation is developed by compensation commitee and approved be the full board.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3Compensation for key employees is determined and approved by the board of directors. The executive director reviews and recommends salary amounts for key employees of organization to the boards executive pay committee.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4The organizations governming documents are available to the public for inspection upon requestat 2160 Downing, Denver, Colorado. The governing documents are available for public review upon request at 2160 Downing Street,Denver, Colorado 80205
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990 governing body review Part VI line 11
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Conflict of interest policy compliance Part VI line 12c
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2CEO executive director top management comp Part VI line 15a
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Other officer or key employee compensation Part VI line 15b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4Governing documents etc available to public Part VI line 19
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/StatesWhereCopyOfReturnIsFldCd0CO
IRS990/SubjectToExcsTaxNetInvstIncInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/SubjToTaxRmnrtnExPrchtPymtInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TempOrPermanentEndowmentsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt01102742
IRS990/TotalAssetsEOYAmt01031721
IRS990/TotalAssetsGrp/BOYAmt01102742
IRS990/TotalAssetsGrp/EOYAmt01031721
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt0355230
IRS990/TotalEmployeeCnt03
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt082012
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0476167
IRS990/TotalFunctionalExpensesGrp/TotalAmt0558179
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt01597476
IRS990/TotalLiabilitiesEOYAmt01575346
IRS990/TotalLiabilitiesGrp/BOYAmt01597476
IRS990/TotalLiabilitiesGrp/EOYAmt01575346
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0-494734
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0-543625
IRS990/TotalOtherCompensationAmt00
IRS990/TotalProgramServiceExpensesAmt0476167
IRS990/TotalProgramServiceRevenueAmt0153506
IRS990/TotalReportableCompFromOrgAmt00
IRS990/TotalRevenueGrp/ExclusionAmt00
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0154058
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0509288
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt01102742
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt01031721
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TransactionWithControlEntInd0false
IRS990/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UponRequestInd0X
IRS990/VotingMembersGoverningBodyCnt08
IRS990/VotingMembersIndependentCnt08
IRS990/WhistleblowerPolicyInd0true
ReturnHeader/BuildTS02019-02-21 02:37:17Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0false
ReturnHeader/BusinessOfficerGrp/PersonNm0Dennis E Johnson CPA
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0CPA
ReturnHeader/BusinessOfficerGrp/PhoneNum03035040688

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