Civic Intelligence

Housing Solutions for the Southwest Inc.

990 • Fiscal year 2018 • EIN 84-0853925

May 01, 2017 to Apr 30, 2018 • Filed on Aug 23, 2018

295 Girard StreetDurango, CO 81303-7938

(970) 259-1086

Siviq Scores

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

Liabilities / Assets

22nd percentile

0.02x

Higher debt load relative to assets than 22% of similar nonprofits.

2018 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2018

Liabilities / Revenue

43rd percentile

0.12x

Higher debt load relative to revenue than 43% of similar nonprofits.

2018 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2018

Net Margin

62nd percentile

7.5%

Higher net margin than 62% of similar nonprofits.

2018 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2018

Top Officer Pay

34th percentile

$87,481

Higher top officer pay than 34% of similar nonprofits.

Top officer pay equals 8.0% of source-year revenue.

2018 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2018

Asset Growth

48th percentile

1.1%

Faster asset growth than 48% of similar nonprofits.

2018 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2017 to 2018

Revenue Growth

50th percentile

3.8%

Faster revenue growth than 50% of similar nonprofits.

2018 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2017 to 2018

Assets

Up

$6,812,738

Up $72,256 (+1.1%) from 2017

Net Assets

Up

$6,681,451

Up $85,073 (+1.3%) from 2017

Liabilities

Down

$131,287

Down $12,817 (-8.9%) from 2017

Revenue

Up

$1,089,871

Up $39,398 (+3.8%) from 2017

Expenses

Down

$1,008,308

Down $90,587 (-8.2%) from 2017

Net Income

Up

$81,563

Up $129,985 (+268%) from 2017

Historical Trend

Balance Sheet Trend

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

$10M$5.0M$0Assets 2010: $4,955,524Liabilities 2010: $205,679Net Assets 2010: $4,749,8452010Assets 2012: $4,966,757Liabilities 2012: $244,533Net Assets 2012: $4,722,2242012Assets 2013: $5,079,875Liabilities 2013: $250,748Net Assets 2013: $4,829,1272013Assets 2014: $5,181,288Liabilities 2014: $210,569Net Assets 2014: $4,970,7192014Assets 2015: $6,715,720Liabilities 2015: $168,327Net Assets 2015: $6,547,3932015Assets 2016: $6,810,834Liabilities 2016: $145,398Net Assets 2016: $6,665,4362016Assets 2017: $6,740,482Liabilities 2017: $144,104Net Assets 2017: $6,596,3782017Assets 2018: $6,812,738Liabilities 2018: $131,287Net Assets 2018: $6,681,4512018Assets 2019: $6,668,490Liabilities 2019: $376,512Net Assets 2019: $6,291,9782019Assets 2020: $7,467,636Liabilities 2020: $349,273Net Assets 2020: $7,118,3632020Assets 2021: $9,256,182Liabilities 2021: $439,158Net Assets 2021: $8,817,0242021Assets 2022: $9,364,817Liabilities 2022: $414,944Net Assets 2022: $8,949,8732022Assets 2023: $9,560,404Liabilities 2023: $801,364Net Assets 2023: $8,759,0402023

Highlighted filing

2018

Assets$6,812,738
Liabilities$131,287
Net Assets$6,681,451

Operations Trend

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

$4.0M$3.0M$2.0M$1.0M$0-$1.0MExpenses 2010: $1,705,4342010Expenses 2012: $1,294,1712012Expenses 2013: $1,341,3042013Revenue 2014: $1,201,133Expenses 2014: $1,059,285Net Income 2014: $141,8482014Revenue 2015: $2,480,920Expenses 2015: $879,396Net Income 2015: $1,601,5242015Revenue 2016: $1,083,438Expenses 2016: $938,236Net Income 2016: $145,2022016Revenue 2017: $1,050,473Expenses 2017: $1,098,895Net Income 2017: -$48,4222017Revenue 2018: $1,089,871Expenses 2018: $1,008,308Net Income 2018: $81,5632018Revenue 2019: $1,642,181Expenses 2019: $1,107,281Net Income 2019: $534,9002019Revenue 2020: $2,002,077Expenses 2020: $1,964,167Net Income 2020: $37,9102020Revenue 2021: $3,579,408Expenses 2021: $1,880,747Net Income 2021: $1,698,6612021Revenue 2022: $2,111,698Expenses 2022: $1,978,849Net Income 2022: $132,8492022Revenue 2023: $2,230,105Expenses 2023: $2,294,721Net Income 2023: -$64,6162023

Highlighted filing

2018

Revenue$1,089,871
Expenses$1,008,308
Net Income$81,563
Jump To
Filing Snapshot
Filing Period
May 1, 2017 to Apr 30, 2018
Signed
Aug 23, 2018
Return Version
2017v2.3
Gross Receipts
$1,106,628
Mission and Program Overview

Mission

The mission of housing solutions for the southwest is to lead the way providing help, hope, and a seamless system of affordable housing services to our communities in southwest colorado.

The mission of housing solutions for the southwest is to lead the way in providing help, hope, and a seamless system of affordable housing services to our communities in southwest colorado. Housing solutions for the southwest is regarded by our peer agencies, financial supporters and clients as the premier provider of: - new housing devellopments - homebuyer education - housing counseling - emergency homeless prevention - transitional housing - homeowner rehabilitation - rental assistance - weatherization support to the economically disadvantaged in western colorado

Balance Sheet Detail
LineBeginningEndChange
Assets
Other Notes and Loans Receivable, Net$2,135,822$2,057,572▼ $78,250
Cash and Non-Interest-Bearing Accounts$682,406$994,567▲ $312,161
Investments Program Related$1,077,116$910,060▼ $167,056
Land, Buildings, and Equipment, Net$520,845$470,930▼ $49,915
Pledges and Grants Receivable$134,613$162,000▲ $27,387
Savings and Temporary Cash Investments$141,213$141,320▲ $107
Prepaid Expenses and Deferred Charges$8,183$11,431▲ $3,248
Accounts Receivable$36,515$3,790▼ $32,725
Inventories for Sale or Use$1,767$1,679▼ $88
Total Assets$6,740,482$6,812,738▲ $72,256
Other Assets Total$2,002,002$2,059,389▲ $57,387
Liabilities
Accounts Payable and Accrued Expenses$82,492$91,187▲ $8,695
Deferred Revenue$40,995$30,490▼ $10,505
Other Liabilities$20,617$9,610▼ $11,007
Total Liabilities$144,104$131,287▼ $12,817
Net Assets / Fund Balance
Unrestricted Net Assets$4,788,359$4,706,366▼ $81,993
Permanently Rstr Net Assets$1,808,019$1,975,085▲ $167,066
Total Net Assets Fund Balance$6,596,378$6,681,451▲ $85,073
Total Liabilities and Net Assets / Fund Balance$6,740,482$6,812,738▲ $72,256

Asset Categories

AssetBook ValueDepreciationBasis
Other Land Buildings$247,385$515,247$762,632
Land$204,561-$204,561
Equipment$18,984$17,225$36,209
Investment Program Related Org$910,060--
Other Assets Org$343,859--
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Elizabeth SalkindExecutive DiFT$87,481$87,481

Board Members and Trustees

NameTitle
Jim BolenBoard Chair
Gwen LacheltVice-chair
Anita SteckDirector
Brandi CurtisDirector
Ellen WarrenDirector
Everett LyonsDirector
Jaddis MartinDirector
James LambertDirector
Michael WhitingDirector
Paulette GasnerDirector
Scott FetchenhierDirector
Shelley LowDirector
Steve GarcherDirector
Yvonne CochraneSecretary
Brian KimmelTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$778,978
Program Service Revenue
$364,149
Investment Income
$-56,929
Other Revenue
$3,673
Change in Net Assets
$81,563

Audited Revenue Reconciliation

Revenue per Audited Statements
$1,089,871
Total Revenue per Audited Statements
$1,089,871
Total Revenue per Form 990
$1,089,871
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$602,626
Other Expenses$341,171
Grants and Similar Amounts Paid$64,511
Total Fundraising Expense$8,789
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$382,545$33,673$1,355$417,573
Current Officers, Directors, Trustees, and Key Employees$76,546$6,649$4,287$87,482
Grants to Domestic Orgs$64,511--$64,511
Other Employee Benefits$49,987$5,181$249$55,417
Payroll Taxes$38,516$3,175$463$42,154
Depreciation Depletion$16,922$19,746-$36,668
All Other Expenses$24,149$4,446$74$28,669
Insurance$18,854$4,283$34$23,171
Travel$16,510$1,179$42$17,731
Fees for Services Accounting$3,895$12,081-$15,976
Fees for Services Other$9,143$2,140$1,303$12,586
Other Expenses$6,080$5,011$45$11,136
Office Expenses$3,218$712$316$4,246
Fees for Services Management$3,955--$3,955
Interest-$789-$789
Fees for Services Legal$80--$80
Total Functional Expenses$894,171$105,348$8,789$1,008,308

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$1,008,308
Total Expenses per Audited Statements$1,008,308
Total Expenses per Form 990$1,008,308
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Montezuma County Senior ServicesCortez, CO-Supportive Services$31,585
Housing Resources of Western CoGrand Junction, CO-Supportive Services$17,230
Volunteers of America - Colorado BrDurango, CO-Supportive Services$10,365
La Plata Senior ServicesDurango, CO-Supporting Services$5,331
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

Interested-Person Transactions

Interested PartyRelationshipDescriptionShared RevenueAmount
Paulette GasnerBoard MemberLoan for Home RehabNo$97,146
Jaddis MartinBoard MemberLoan for Home RehabNo$41,593
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Note Payable$9,610
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
Yes
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
Yes
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Page 6, Part VI, Line 11B

Form 990 is presented to the board of directors in detail who then approve the form 990 prior to filing it with the irs.

Form 990, Page 6, Part VI, Line 12C

All employees and board members are presented with the conflict of interest policy when joining the organization. Whenever a new project or grant is started disclosures concerning conflict of interest are signed.

Form 990, Page 6, Part VI, Line 15A

The board of directors is responsible for hiring the executive director. The board interviews qualified individuals for the position; upon agreement from the board members an individual is decided upon; the executive director's salary is determined based on the individual's prior experience and industry salary standards.

Form 990, Page 6, Part VI, Line 15B

The executive director is responsible for hiring all employees. The executive director interviews qualified individuals for the position and decides who to extend an offer of employment; the employee's salary is determined based on the individual's prior experience and industry salary standards.

Form 990, Page 6, Part VI, Line 18

The organization's form 990 is available on www.guidestar.org and upon request.

Form 990, Page 6, Part VI, Line 19

The organization makes its governing documents, conflict of interest policy and financial statements available upon request.

Filing and Contact Details

Filer

Filer Name
Housing Solutions for the Southwest
EIN
84-0853925
Phone
9702591086
Address
295 GIRARD STREET, DURANGO, CO 81303-7938

Signing Officer

Name
Elizabeth Salkind
Title
Executive Director
Phone
9702591086
Signed
2018-08-23
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Elizabeth Salkind
Formed
1981
Legal Domicile
Co
Voting Board Members
15
Independent Board Members
15
Employees
20
Volunteers
45

Preparer

Firm
May Jackson Hendrick LLC
Address
18801 E MAINSTREET STE 240, PARKER, CO 80134-3445
Preparer
Lori K Hendrick
Phone
3038414220
Supplemental Narrative

Additional Explanations

FORM 990 - ORGANIZATION'S MISSION

The mission of housing solutions for the southwest is to lead the way in providing help, hope, and a seamless system of affordable housing services to our communities in southwest colorado. Housing solutions for the southwest is regarded by our peer agencies, financial supporters and clients as the premier provider of: - new housing developments - homebuyer education - housing counseling - emergency homeless prevention - transitional housing - homeowner rehabilitation - rental assistance - weatherization support to the economically disadvantaged in western colorado

Form 990, Page 2, Part III, Line 4A

Program which helps families and individuals in emergency situations. The assistance can pay for late rent/utilities, car repair and/or insurance, child care or other emergency needs. The goal is to help a family maintain self-sufficiency. Recipients also receive mandatory counseling to help with budgeting, affordable housing search assistance and other needs. Some of the funding sources allow for longer term rental assistance and counseling. Reverse mortgage counseling: seniors wanting to use the equity in their home to either eliminate their mortgage payment or as a means to increase their income are required to have a certificate from a third party counseling agency (hud approved) in order to obtain a home equity conversion mortgage (hecm). We are the only counseling agency in the region offering this counseling service.

Form 990, Page 2, Part III, Line 4B

Transitional housing program specifically to provide comprehensive services for victims of domestic violence and sexual assault. Housing solutions collaborates with local agencies that provide services and short-term shelter for victims of domestic violence and sexual assault on this program. Also, housing solutions counsels participants and assist with rental assistance and other supportive services. Housing solutions collaborates with the volunteers of america on a short-term housing assistance program, specifically for victims of crime.

Form 990, Page 2, Part III, Line 4D

Housing voucher management: this program is designed for families and individuals to pay 30% of their income toward rent and utilities. Preferences for most of the vouchers include people with a disability, experiencing homelessness or victims of domestic violence. This program is an ongoing assistance designed to work with families until 30% of their income is equal to or less than their monthly rent and utilities. Housing solutions also manages housing vouchers for homeless veterans, youth transitioning from foster care and vouchers for family reunification. Crisis intervention program: the crisis intervention program provides emergency repair or replacement for heating system failures to limited-income residents of colorado. Heating system failures can be extremely dangerous and this program can be life-saving in certain situations. Affordable housing and development: housing solutions is involved in building and developing affordable housing through tax credit projects, foundation partnerships, governmental partnerships, private partnerships and other collaborations. Housing solutions was the non-profit partner that built 61 single family homes in a subdivision called southwest horizon ranch in 1981. Housing solutions exercised the right of first refusal and purchased the property this year and began managing the property as well. The property rents to people with incomes in the 40% to 60% of area median incomes and accepts people with vouchers. Housing solutions also built and manages a 19 unit apartment building for seniors at socorro senior living center. The agency also owns and operates homeward bound, a 5 unit affordable housing apartment operating under the transitional housing model in collaboration with the city of durango which owns the property. The agency partnered with habitat for humanity to provide land and financing for land for habitat to build affordable housing. Also, the agency owns several vacant parcels on which affordable housing opportunities are being explored.

Financial Statement Notes

Schedule D, Page 3, Part X

Swhr is treated as a partnership for income tax purposes and does not incur income taxes. Instead, its earnings and losses are included in the tax returns of the partners and taxes are determined based on their respective tax status. Therefore, the swhr financial statements do not reflect a provision for income taxes. Furthermore, the hssw is exempt from income tax as provided under section 501(c)(3) of the internal revenue code, except on net income derived from unrelated business activities. The organization adopted accounting requirements that prescribe when to recognize and how to measure the financial statement effects of income tax positions taken or expected to be taken on its income tax returns, including the position that the organization continues to qualify to be treated as a tax-exempt organization for both federal and state income tax purposes. These rules require management to evaluate the likelihood that, upon examination by relevant taxing jurisdictions, those income tax positions would be sustained. Based on that evaluation, if it were more than 50% probable that a material amount of income tax would be imposed at the entity level upon examination by the relevant taxing authorities, a liability would be recognized in the accompanying balance sheet along with any interest and penalties that would result from that assessment. If the organization has unrelated business income, the federal exempt organization business income tax returns (form 990t) would be subject to examination by the internal revenue service for three years after filing. Should any penalties and interest be incurred, they would be recognized as management and general expenses. Based on the results of management's evaluation, the requirements did not have a material effect on the organization's financial statements. Consequently, no liability is recognized in the accompanying consolidated statement of financial position for uncertain income tax positions. The organization's federal return of organization exempt from income tax (form 990) are subject to examination by the internal revenue service generally for three years after they are filed.

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IRS990/Form990PartVIISectionAGrp/TitleTxt3SECRETARY
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IRS990/Form990PartVIISectionAGrp/TitleTxt6DIRECTOR
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IRS990/MissionDesc0THE MISSION OF HOUSING SOLUTIONS FOR THE SOUTHWEST IS TO LEAD THE WAY IN PROVIDING HELP, HOPE, AND A SEAMLESS SYSTEM OF AFFORDABLE HOUSING SERVICES TO OUR COMMUNITIES IN SOUTHWEST COLORADO. HOUSING SOLUTIONS FOR THE SOUTHWEST IS REGARDED BY OUR PEER AGENCIES, FINANCIAL SUPPORTERS AND CLIENTS AS THE PREMIER PROVIDER OF: - NEW HOUSING DEVELOPMENTS - HOMEBUYER EDUCATION - HOUSING COUNSELING - EMERGENCY HOMELESS PREVENTION - TRANSITIONAL HOUSING - HOMEOWNER REHABILITATION - RENTAL ASSISTANCE - WEATHERIZATION SUPPORT TO THE ECONOMICALLY DISADVANTAGED IN WESTERN COLORADO
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IRS990/ProgramServiceRevenueGrp/Desc1LOW INCOME HSG INTEREST
IRS990/ProgramServiceRevenueGrp/Desc2LOW INCOME HOUSING RENT
IRS990/ProgramServiceRevenueGrp/Desc3HOUSING COUNSELING
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IRS990/ProgSrvcAccomActy2Grp/Desc0TRANSITIONAL HOUSING/RAPID RE-HOUSING: HOMELESS INDIVIDUALS AND FAMILIES PARTICIPATING IN THE RAPID REHOUSING AND TRANSITIONAL HOUSING PROGRAMS RECEIVE RENTAL ASSISTANCE AND SUPPORTIVE SERVICES THAT PROMOTE LONG-TERM STABILITY. EACH PARTICIPANT WORKS CLOSELY WITH AN ADVOCATE TO CREATE A UNIQUE, SELF-DIRECTED GOAL PLAN WHICH CONNECTS HOUSEHOLDS TO COMMUNITY RESOURCES. LONG-TERM GOALS SUCH AS EDUCATION, CAREER PLANNING, HEALTHY CHILD DEVELOPMENT, BUDGETING, AND LIVABLE WAGE EMPLOYMENT CAN BE ACHIEVED WITH STABLE HOUSING IN PLACE. HOUSING SOLUTIONS RECENTLY ADDED AN ADDITIONAL TRANSITIONAL HOUSING PROGRAM FOR VICTIMS OF CRIME, IF THE CRIME IMPACTED THE VICTIM'S HOUSING STABILITY. THE DEPARTMENT OF JUSTICE SELECTED HOUSING SOLUTIONS TO BE THE LEAD AGENCY OF A TRANSITIONAL HOUSING PROGRAM SPECIFICALLY TO PROVIDE COMPREHENSIVE SERVICES FOR VICTIMS OF DOMESTIC VIOLENCE AND SEXUAL ASSAULT. HOUSING SOLUTIONS COLLABORATES WITH LOCAL AGENCIES THAT PROVIDE SERVICES AND SHORT-TERM SHELTER FOR VICTIMS OF DOMESTIC VIOLENCE AND SEXUAL ASSAULT ON THIS PROGRAM. ALSO, HOUSING SOLUTIONS COUNSELS PARTICIPANTS AND ASSIST WITH RENTAL ASSISTANCE AND OTHER SUPPORTIVE SERVICES. HOUSING SOLUTIONS COLLABORATES WITH THE VOLUNTEERS OF AMERICA ON A SHORT-TERM HOUSING ASSISTANCE PROGRAM, SPECIFICALLY FOR VICTIMS OF CRIME.
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IRS990/ProgSrvcAccomActy3Grp/Desc0HOME REHABILITATION AND REVOLVING LOAN FUND: THIS PROGRAM, WHICH THE AGENCY HAS BEEN OPERATING FOR OVER 30 YEARS, OFFERS HOMEOWNERS WHO MAY NOT QUALIFY FOR A CONVENTIONAL BANK LOAN, A LOW INTEREST LOAN TO REPAIR HEALTH OR SAFETY ISSUES WITH THEIR HOME (SUCH AS ROOF, SEWER, PLUMBING, ELECTRICAL, ETC.). FUNDS REPAID BY THE HOMEOWNERS REVOLVE BACK INTO THE LOAN FUND TO HELP ADDITIONAL CLIENTS. ACCESSIBILITY AND WEATHERIZATION NEEDS CAN ALSO BE MET THROUGH THIS PROGRAM. HOMES ARE REPLACED WHEN REPAIRS ARE NOT PRACTICAL. FIRE MITIGATIONS AND/OR FIRE REMIDIATION WORK CAN BE DONE WITH THESE FUNDS.
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IRS990/ProgSrvcAccomActy3Grp/RevenueAmt096769
IRS990/ProgSrvcAccomActyOtherGrp/Desc0HOUSING VOUCHER MANAGEMENT: THIS PROGRAM IS DESIGNED FOR FAMILIES AND INDIVIDUALS TO PAY 30% OF THEIR INCOME TOWARD RENT AND UTILITIES. PREFERENCES FOR MOST OF THE VOUCHERS INCLUDE PEOPLE WITH A DISABILITY, EXPERIENCING HOMELESSNESS OR VICTIMS OF DOMESTIC VIOLENCE. THIS PROGRAM IS AN ONGOING ASSISTANCE DESIGNED TO WORK WITH FAMILIES UNTIL 30% OF THEIR INCOME IS EQUAL TO OR LESS THAN THEIR MONTHLY RENT AND UTILITIES. HOUSING SOLUTIONS ALSO MANAGES HOUSING VOUCHERS FOR HOMELESS VETERANS, YOUTH TRANSITIONING FROM FOSTER CARE AND VOUCHERS FOR FAMILY REUNIFICATION. CRISIS INTERVENTION PROGRAM: THE CRISIS INTERVENTION PROGRAM PROVIDES EMERGENCY REPAIR OR REPLACEMENT FOR HEATING SYSTEM FAILURES TO LIMITED-INCOME RESIDENTS OF COLORADO. HEATING SYSTEM FAILURES CAN BE EXTREMELY DANGEROUS AND THIS PROGRAM CAN BE LIFE-SAVING IN CERTAIN SITUATIONS. AFFORDABLE HOUSING AND DEVELOPMENT: HOUSING SOLUTIONS IS INVOLVED IN BUILDING AND DEVELOPING AFFORDABLE HOUSING THROUGH TAX CREDIT PROJECTS, FOUNDATION PARTNERSHIPS, GOVERNMENTAL PARTNERSHIPS, PRIVATE PARTNERSHIPS AND OTHER COLLABORATIONS. HOUSING SOLUTIONS WAS THE NON-PROFIT PARTNER THAT BUILT 61 SINGLE FAMILY HOMES IN A SUBDIVISION CALLED SOUTHWEST HORIZON RANCH IN 1981. HOUSING SOLUTIONS EXERCISED THE RIGHT OF FIRST REFUSAL AND PURCHASED THE PROPERTY THIS YEAR AND BEGAN MANAGING THE PROPERTY AS WELL. THE PROPERTY RENTS TO PEOPLE WITH INCOMES IN THE 40% TO 60% OF AREA MEDIAN INCOMES AND ACCEPTS PEOPLE WITH VOUCHERS. HOUSING SOLUTIONS ALSO BUILT AND MANAGES A 19 UNIT APARTMENT BUILDING FOR SENIORS AT SOCORRO SENIOR LIVING CENTER. THE AGENCY ALSO OWNS AND OPERATES HOMEWARD BOUND, A 5 UNIT AFFORDABLE HOUSING APARTMENT OPERATING UNDER THE TRANSITIONAL HOUSING MODEL IN COLLABORATION WITH THE CITY OF DURANGO WHICH OWNS THE PROPERTY. THE AGENCY PARTNERED WITH HABITAT FOR HUMANITY TO PROVIDE LAND AND FINANCING FOR LAND FOR HABITAT TO BUILD AFFORDABLE HOUSING. ALSO, THE AGENCY OWNS SEVERAL VACANT PARCELS ON WHICH AFFORDABLE HOUSING OPPORTUNITIES ARE BEING EXPLORED.
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IRS990ScheduleA/Form990ScheduleAPartVIGrp/ExplanationTxt0OTHER INCOME 11,970
IRS990ScheduleA/Form990ScheduleAPartVIGrp/FormAndLineReferenceDesc0PART II, LINE 10
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Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2023Summary only. Only limited summary data is available for this year.$9.56$0.80$8.76$2.23$2.29$0.06
2022Facts available. Structured filing facts are available, but richer extracted sections are limited.$9.36$0.41$8.95$2.11$1.98$0.13
2021Summary only. Only limited summary data is available for this year.$9.26$0.44$8.82$3.58$1.88$1.70
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$7.47$0.35$7.12$2.00$1.96$0.04
2019Summary only. Only limited summary data is available for this year.$6.67$0.38$6.29$1.64$1.11$0.53
2018Detailed filing. Detailed filing data is available for this year.$6.81$0.13$6.68$1.09$1.01$0.08
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$6.74$0.14$6.60$1.05$1.10$0.05
2016Detailed filing. Detailed filing data is available for this year.$6.81$0.15$6.67$1.08$0.94$0.15
2015Summary only. Only limited summary data is available for this year.$6.72$0.17$6.55$2.48$0.88$1.60
2014Detailed filing. Detailed filing data is available for this year.$5.18$0.21$4.97$1.20$1.06$0.14
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$5.08$0.25$4.83$1.34
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$4.97$0.24$4.72$1.29
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$4.96$0.21$4.75$1.71