Civic Intelligence

Higgins Plaza Inc

990 • Fiscal year 2016 • EIN 84-1042131

Jul 01, 2015 to Jun 30, 2016 • Filed on Oct 06, 2016

Organization Profilewww.archhousing.com
4045 Pecos StreetDenver, CO 80211

(303) 830-0215

Siviq Scores

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

Liabilities / Assets

89th percentile

0.85x

Higher debt load relative to assets than 89% of similar nonprofits.

2016 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2016

Liabilities / Revenue

92nd percentile

2.92x

Higher debt load relative to revenue than 92% of similar nonprofits.

2016 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2016

Net Margin

45th percentile

0.6%

Higher net margin than 45% of similar nonprofits.

2016 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2016

Top Officer Pay

92nd percentile

$230,569

Higher top officer pay than 92% of similar nonprofits.

Top officer pay equals 24.6% of source-year revenue.

2016 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2016

Asset Growth

41st percentile

-0.7%

Faster asset growth than 41% of similar nonprofits.

2016 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2015 to 2016

Revenue Growth

63rd percentile

8.8%

Faster revenue growth than 63% of similar nonprofits.

2016 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2015 to 2016

Balance Sheet
Liabilities / Assets89th percentile

Assets

Down

$3,216,238

Down $23,130 (-0.7%) from 2015

Net Assets

Up

$480,927

Up $5,736 (+1.2%) from 2015

Liabilities

Down

$2,735,311

Down $28,866 (-1.0%) from 2015

Revenue And Expenses
Liabilities / Revenue92nd percentileNet Margin45th percentile

Revenue

Up

$937,677

Up $75,707 (+8.8%) from 2015

Expenses

Up

$931,941

Up $41,580 (+4.7%) from 2015

Net Income

Up

$5,736

Up $34,127 (+120%) from 2015

Historical Trend

Balance Sheet Trend

Asset Growth41st percentile

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

$10M$5.0M$0-$5.0M-$10MAssets 2012: $4,170,520Liabilities 2012: $2,985,497Net Assets 2012: $1,185,0232012Assets 2013: $3,739,714Liabilities 2013: $2,874,665Net Assets 2013: $865,0492013Assets 2014: $3,390,257Liabilities 2014: $2,886,675Net Assets 2014: $503,5822014Assets 2015: $3,239,368Liabilities 2015: $2,764,177Net Assets 2015: $475,1912015Assets 2016: $3,216,238Liabilities 2016: $2,735,311Net Assets 2016: $480,9272016Assets 2017: $2,992,426Liabilities 2017: $2,576,832Net Assets 2017: $415,5942017Assets 2018: $2,895,064Liabilities 2018: $2,485,710Net Assets 2018: $409,3542018Assets 2019: $2,870,931Liabilities 2019: $2,441,638Net Assets 2019: $429,2932019Assets 2020: $2,666,383Liabilities 2020: $2,324,650Net Assets 2020: $341,7332020Assets 2021: $2,509,356Liabilities 2021: $2,228,126Net Assets 2021: $281,2302021Assets 2022: $2,528,535Liabilities 2022: $2,111,554Net Assets 2022: $416,9812022Assets 2023: $3,424,605Liabilities 2023: $7,893,412Net Assets 2023: -$4,468,8072023Assets 2024: $2,654,061Liabilities 2024: $7,956,697Net Assets 2024: -$5,302,6362024Assets 2025: $2,492,100Liabilities 2025: $7,862,137Net Assets 2025: -$5,370,0372025

Highlighted filing

2016

Assets$3,216,238
Liabilities$2,735,311
Net Assets$480,927
Open 2016 Filing

Operations Trend

Revenue Growth63rd percentile

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

$10M$5.0M$0-$5.0MRevenue 2012: $1,450,175Expenses 2012: $811,887Net Income 2012: $638,2882012Expenses 2013: $828,4032013Revenue 2014: $484,786Expenses 2014: $846,253Net Income 2014: -$361,4672014Revenue 2015: $861,970Expenses 2015: $890,361Net Income 2015: -$28,3912015Revenue 2016: $937,677Expenses 2016: $931,941Net Income 2016: $5,7362016Revenue 2017: $973,307Expenses 2017: $1,038,640Net Income 2017: -$65,3332017Revenue 2018: $1,006,912Expenses 2018: $1,013,152Net Income 2018: -$6,2402018Revenue 2019: $986,476Expenses 2019: $966,537Net Income 2019: $19,9392019Revenue 2020: $1,004,217Expenses 2020: $1,091,777Net Income 2020: -$87,5602020Revenue 2021: $1,026,841Expenses 2021: $1,087,344Net Income 2021: -$60,5032021Revenue 2022: $1,254,682Expenses 2022: $1,118,931Net Income 2022: $135,7512022Revenue 2023: $1,586,943Expenses 2023: $6,472,731Net Income 2023: -$4,885,7882023Revenue 2024: $1,531,205Expenses 2024: $2,365,034Net Income 2024: -$833,8292024Revenue 2025: $1,530,560Expenses 2025: $1,597,961Net Income 2025: -$67,4012025

Highlighted filing

2016

Revenue$937,677
Expenses$931,941
Net Income$5,736
Open 2016 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2015 to Jun 30, 2016
Signed
Oct 6, 2016
Return Version
2015v2.1
Gross Receipts
$937,677
Mission and Program Overview

Mission

See description on Form 990, Part I, Line 1.

To provide affordable housing to low-income elderly and disabled.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$2,797,841$2,715,850▼ $81,991
Savings and Temporary Cash Investments$31,116$63,888▲ $32,772
Accounts Receivable$6,493$4,102▼ $2,391
Prepaid Expenses and Deferred Charges$3,502$3,532▲ $30
Total Assets$3,239,368$3,216,238▼ $23,130
Other Assets Total$400,416$428,866▲ $28,450
Liabilities
Mortgage Notes Payable Secured by Investment Property$2,561,304$2,482,223▼ $79,081
Accounts Payable and Accrued Expenses$63,323$113,868▲ $50,545
Unsecured Notes Loans Payable$112,810$112,810→ $0
Other Liabilities$26,740$26,410▼ $330
Total Liabilities$2,764,177$2,735,311▼ $28,866
Net Assets / Fund Balance
Unrestricted Net Assets$475,191$480,927▲ $5,736
Total Net Assets Fund Balance$475,191$480,927▲ $5,736
Total Liabilities and Net Assets / Fund Balance$3,239,368$3,216,238▼ $23,130

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$2,544,357$2,960,579$5,504,936
Land$100,000-$100,000
Other Land Buildings$34,885$58,729$93,614
Equipment$36,608$17,256$53,864
Other Assets Org$48,758--
Compensation and Service Providers
Top Officer Pay92nd percentile

Employees

NameTitleOtherTotal
Justin RaddatzExecutive Director$39,953$39,953

Board Members and Trustees

NameTitle
Tom WhyteChair
Laurence SmithPresident/CEO
Wayne WolbergCFO
Bob GrossMember
Bruce SiegristMember
John TrullMember
Jim LorenzenSecretary
Mark WelchTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$3,240
Program Service Revenue
$934,018
Investment Income
$94
Other Revenue
$325
All Other Contributions
$3,240
Change in Net Assets
$5,736

Audited Revenue Reconciliation

Revenue per Audited Statements
$937,677
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$0
Total Revenue per Audited Statements
$937,677
Total Revenue per Form 990
$937,677
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$931,941
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Depreciation Depletion$190,062--$190,062
Interest$118,957--$118,957
Office Expenses$83,863--$83,863
Occupancy$69,484--$69,484
Fees for Services Management$56,087--$56,087
Insurance$39,579--$39,579
Fees for Services Other$22,333--$22,333
Other Expenses$6,236--$6,236
Advertising$2,683--$2,683
Conferences and Meetings$2,513--$2,513
Fees for Services Legal$1,528--$1,528
All Other Expenses$738--$738
Travel$614--$614
Total Functional Expenses$931,941$0$0$931,941

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$931,941
Total Expenses per Audited Statements$931,941
Total Expenses per Form 990$931,941
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
Insider Transactions and Loans

Interested-Person Transactions

Interested PartyRelationshipDescriptionShared RevenueAmount
--Relationship: Catholic Charities and Community Services controls Archdiocesan Housing, Inc., who is the sole voting member of Higgins Plaza, Inc.Description of transaction: Catholic Charities incurs certain expenses on Higgins' behalf that are reimbursed by the Project at Catholic Charities' cost. During the year ended June 30, 2016, expenses incurred and reimbursed for salaries, benefits, payroll taxes, office, and other expenses were $172,962.No$172,962
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Tenant Security Deposits$25,844
Prepaid Rents$566
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
No
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

“Higgins Plaza contracts with an affiliate, Housing Management Services, Inc., to provide management services to Higgins Plaza, Inc.”

Form 990, Part VI, Section A, line 6

“Higgins Plaza, Inc. has one voting member: Archdiocesan Housing, Inc.”

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

“Higgins Plaza, Inc.'s sole member, Archdiocesan Housing, Inc., has the authority to appoint members of the governing body.”

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

“The voting member reserves all management rights in the corporation but may delegate such management rights to the board of directors in the voting member's sole discretion. When not delegated by the voting member or the board of directors, the business and affairs of the corporation shall be managed by the voting member. The voting member shall have the sole authority to appoint the Executive Director of the corporation.”

Form 990, Part VI, Section B, line 11

“Prior to filing, a copy of Form 990 is reviewed by the Finance Committee in detail and is distributed to the full board for review.”

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

“The Board of Directors and employees are obligated to disclose conflicts and complete annual disclosure statements.”

Form 990, Part VI, Section C, line 19

“Documents are available upon request and are available on the Colorado Secretary of State website.”

Filing and Contact Details

Filer

Filer Name
Higgins Plaza Inc
EIN
84-1042131
Phone
3038300215
Address
4045 Pecos Street, Denver, CO 80211

Signing Officer

Name
Wayne Wolberg
Title
CFO
Phone
3038300215
Signed
2016-10-06
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Wayne Wolberg
Formed
1986
Legal Domicile
Co
Voting Board Members
6
Independent Board Members
6
Employees
12
Volunteers
9

Preparer

Firm
Kundinger Corder & Engle PC
Address
475 Lincoln Street Suite 200, Denver, CO 80203
Preparer
Steven R Corder
Phone
3035345953
Supplemental Narrative

Additional Explanations

Form 990, Part XII, Line 2C:

“The Finance Committee meets annually with the outside auditor to review the results of the audit. An executive session meeting without staff present is held at that time. There has been no change in the process of oversight of the audit from the prior year.”

Form 990, Part V, Line 2A:

“Catholic Charities acts as a common paymaster for the project, thus Higgins Plaza does not submit any W-2 forms; however, the number of W-2's submitted on behalf of Higgins Plaza is included on Form 990, Part V, Line 2a. For functional expense purposes, these amounts are listed as reimbursed shared salaries.”

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IRS990/PrincipalOfficerNm0Wayne Wolberg
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0900099
IRS990/ProgramServiceRevenueGrp/BusinessCd1900099
IRS990/ProgramServiceRevenueGrp/BusinessCd2900099
IRS990/ProgramServiceRevenueGrp/Desc0Low income housing ren
IRS990/ProgramServiceRevenueGrp/Desc1Laundry, vending, and
IRS990/ProgramServiceRevenueGrp/Desc2Writeoffs and Other Re
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt0928653
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt19108
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt2-3743
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt0928653
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt19108
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt2-3743
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt03240
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt0139
IRS990/PYOtherExpensesAmt0890361
IRS990/PYOtherRevenueAmt00
IRS990/PYProgramServiceRevenueAmt0858591
IRS990/PYRevenuesLessExpensesAmt0-28391
IRS990/PYSalariesCompEmpBnftPaidAmt00
IRS990/PYTotalExpensesAmt0890361
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt0861970
IRS990/QuidProQuoContributionsInd00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReconcilationRevenueExpnssAmt05736
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd01
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd01
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt0934018
IRS990/SavingsAndTempCashInvstGrp/BOYAmt031116
IRS990/SavingsAndTempCashInvstGrp/EOYAmt063888
IRS990ScheduleA/Form990SchASupportingOrgGrp/Contribution35ControlledInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/ContributionControllerInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/ContributionFamilyInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/ControlledDisqualifiedPrsnInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/DisqualifiedPrsnControllIntInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/DisqualifiedPrsnOwnrIntInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/ExcessBusinessHoldingsRulesInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/ListedByNameGoverningDocInd01
IRS990ScheduleA/Form990SchASupportingOrgGrp/LoanDisqualifiedPersonInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/OrganizationChangeSuprtOrgInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/PaymentSubstantialContribtrInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/SupportedOrgNotOrganizedUSInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/SupportedOrgSectionC456Ind00
IRS990ScheduleA/Form990SchASupportingOrgGrp/SupportNonSupportedOrgInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/SuprtOrgNoIRSDeterminationInd00
IRS990ScheduleA/Form990SchAType1SuprtOrgGrp/OperateBenefitNonSuprtOrgInd00
IRS990ScheduleA/Form990SchAType1SuprtOrgGrp/PowerAppointMajorityDirTrstInd01
IRS990ScheduleA/OtherSupportSumAmt00
IRS990ScheduleA/SupportedOrganizationsCnt01
IRS990ScheduleA/SupportedOrganizationsTotalCnt01
IRS990ScheduleA/SupportedOrgInformationGrp/EIN0840499858
IRS990ScheduleA/SupportedOrgInformationGrp/GoverningDocumentListedInd01
IRS990ScheduleA/SupportedOrgInformationGrp/OrganizationTypeCd01
IRS990ScheduleA/SupportedOrgInformationGrp/OtherSupportAmt00
IRS990ScheduleA/SupportedOrgInformationGrp/SupportAmt00
IRS990ScheduleA/SupportedOrgInformationGrp/SupportedOrganizationName/BusinessNameLine1Txt0Catholic Archdiocese of Denver
IRS990ScheduleA/SupportingOrganization509a3Ind0X
IRS990ScheduleA/SupportingOrgType1Ind0X
IRS990ScheduleA/SupportSumAmt00
IRS990/ScheduleBRequiredInd00
IRS990ScheduleD/BuildingsGrp/BookValueAmt02544357
IRS990ScheduleD/BuildingsGrp/DepreciationAmt02960579
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt05504936
IRS990ScheduleD/EquipmentGrp/BookValueAmt036608
IRS990ScheduleD/EquipmentGrp/DepreciationAmt017256
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt053864
IRS990ScheduleD/ExpensesNotReportedAmt00
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt0931941
IRS990ScheduleD/LandGrp/BookValueAmt0100000
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt0100000
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt027062
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt134822
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt2210195
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt3108029
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt448758
IRS990ScheduleD/OtherAssetsOrgGrp/Desc0Tenant Security Deposit
IRS990ScheduleD/OtherAssetsOrgGrp/Desc1Revenue and Principal and Interest Fund
IRS990ScheduleD/OtherAssetsOrgGrp/Desc2Replacement Reserve Fund
IRS990ScheduleD/OtherAssetsOrgGrp/Desc3Operating Reserve Fund
IRS990ScheduleD/OtherAssetsOrgGrp/Desc4Debt Issuance Costs
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt034885
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt058729
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt093614
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt025844
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt1566
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0Tenant Security Deposits
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1Prepaid Rents
IRS990ScheduleD/RevenueNotReportedAmt00
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt0937677
IRS990ScheduleD/TotalBookValueLandBuildingsAmt02715850
IRS990ScheduleD/TotalBookValueOtherAssetsAmt0428866
IRS990ScheduleD/TotalExpensesPerForm990Amt0931941
IRS990ScheduleD/TotalLiabilityAmt026410
IRS990ScheduleD/TotalRevenuePerForm990Amt0937677
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt0937677
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt0931941
IRS990ScheduleJ/AnyNonFixedPaymentsInd00
IRS990ScheduleJ/CompBasedOnRevenueOfFlngOrgInd00
IRS990ScheduleJ/CompBsdNetEarnsFlngOrgInd00
IRS990ScheduleJ/CompBsdNetEarnsRltdOrgsInd00
IRS990ScheduleJ/CompBsdOnRevRelatedOrgsInd00
IRS990ScheduleJ/EquityBasedCompArrngmInd00
IRS990ScheduleJ/InitialContractExceptionInd00
IRS990/ScheduleJRequiredInd01
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusFilingOrganizationAmount00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusFilingOrganizationAmount10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusRelatedOrganizationsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusRelatedOrganizationsAmt10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompensationBasedOnRltdOrgsAmt0201892
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompensationBasedOnRltdOrgsAmt1144565
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990FilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990FilingOrgAmt10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990RltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990RltdOrgsAmt10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompensationFlngOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompensationFlngOrgAmt10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompRltdOrgsAmt010535
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompRltdOrgsAmt17629
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsFilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsFilingOrgAmt10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsRltdOrgsAmt018142
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsRltdOrgsAmt118007
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationFilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationFilingOrgAmt10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationRltdOrgsAmt10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm0Laurence Smith
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm1Wayne Wolberg
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt0President/CEO
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt1CFO
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationFilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationFilingOrgAmt10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationRltdOrgsAmt0230569
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationRltdOrgsAmt1170201
IRS990ScheduleJ/SeverancePaymentInd00
IRS990ScheduleJ/SupplementalInformationDetail/ExplanationTxt0CFO and Executive Director compensation The CFO and President are paid through Catholic Charities and Community Services (CCCS), a related organization. The CFO received reportable compensation from CCCS of $144,565 (per 2015 W-2) and non-taxable benefits in 2015 of $25,636. The President received reportable compensation from CCCS of $201,892 (per 2015 W-2) and non-taxable benefits in 2015 of $28,677. Higgins Plaza does not reimburse CCCS for this compensation as services provided directly by the CFO and President to Higgins Plaza are insignificant.
IRS990ScheduleJ/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990, Part VII, Section A
IRS990ScheduleJ/SupplementalNonqualRtrPlanInd00
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/NameOfInterested/BusinessName/BusinessNameLine1Txt0Catholic Charities and Community Services
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/SharingOfRevenuesInd00
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/TransactionAmt0172962
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/TransactionDesc0Relationship: Catholic Charities and Community Services controls Archdiocesan Housing, Inc., who is the sole voting member of Higgins Plaza, Inc.Description of transaction: Catholic Charities incurs certain expenses on Higgins' behalf that are reimbursed by the Project at Catholic Charities' cost. During the year ended June 30, 2016, expenses incurred and reimbursed for salaries, benefits, payroll taxes, office, and other expenses were $172,962.
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0Higgins Plaza contracts with an affiliate, Housing Management Services, Inc., to provide management services to Higgins Plaza, Inc.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1Higgins Plaza, Inc. has one voting member: Archdiocesan Housing, Inc.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2Higgins Plaza, Inc.'s sole member, Archdiocesan Housing, Inc., has the authority to appoint members of the governing body.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3The voting member reserves all management rights in the corporation but may delegate such management rights to the board of directors in the voting member's sole discretion. When not delegated by the voting member or the board of directors, the business and affairs of the corporation shall be managed by the voting member. The voting member shall have the sole authority to appoint the Executive Director of the corporation.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4Prior to filing, a copy of Form 990 is reviewed by the Finance Committee in detail and is distributed to the full board for review.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5The Board of Directors and employees are obligated to disclose conflicts and complete annual disclosure statements.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6Documents are available upon request and are available on the Colorado Secretary of State website.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt7The Finance Committee meets annually with the outside auditor to review the results of the audit. An executive session meeting without staff present is held at that time. There has been no change in the process of oversight of the audit from the prior year.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt8Catholic Charities acts as a common paymaster for the project, thus Higgins Plaza does not submit any W-2 forms; however, the number of W-2's submitted on behalf of Higgins Plaza is included on Form 990, Part V, Line 2a. For functional expense purposes, these amounts are listed as reimbursed shared salaries.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990, Part VI, Section A, line 3
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990, Part VI, Section A, line 6
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Form 990, Part VI, Section A, line 7a

Document Assets

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Filings

Displayed year

2016 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$3,216,238
Liabilities
$2,735,311
Net assets
$480,927
Revenue
$937,677
Expenses
$931,941
Net income
$5,736
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Detailed filing. Detailed filing data is available for this year.$2.49$7.86$5.37$1.53$1.60$0.07
2024Detailed filing. Detailed filing data is available for this year.$2.65$7.96$5.30$1.53$2.37$0.83
2023Detailed filing. Detailed filing data is available for this year.$3.42$7.89$4.47$1.59$6.47$4.89
2022Detailed filing. Detailed filing data is available for this year.$2.53$2.11$0.42$1.25$1.12$0.14
2021Detailed filing. Detailed filing data is available for this year.$2.51$2.23$0.28$1.03$1.09$0.06
2020Detailed filing. Detailed filing data is available for this year.$2.67$2.32$0.34$1.00$1.09$0.09
2019Detailed filing. Detailed filing data is available for this year.$2.87$2.44$0.43$0.99$0.97$0.02
2018Detailed filing. Detailed filing data is available for this year.$2.90$2.49$0.41$1.01$1.01$0.01
2017Detailed filing. Detailed filing data is available for this year.$2.99$2.58$0.42$0.97$1.04$0.07
2016Detailed filing. Detailed filing data is available for this year.$3.22$2.74$0.48$0.94$0.93$0.01
2015Detailed filing. Detailed filing data is available for this year.$3.24$2.76$0.48$0.86$0.89$0.03
2014Detailed filing. Detailed filing data is available for this year.$3.39$2.89$0.50$0.48$0.85$0.36
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$3.74$2.87$0.87$0.83
2012Summary only. Only limited summary data is available for this year.$4.17$2.99$1.19$1.45$0.81$0.64