Civic Intelligence

Higgins Plaza Inc

990 • Fiscal year 2017 • EIN 84-1042131

Jul 01, 2016 to Jun 30, 2017 • Filed on Oct 13, 2017

Organization Profilewww.archhousing.com
6240 E Smith RoadDenver, CO 80216

(303) 830-0215

Siviq Scores

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

Liabilities / Assets

89th percentile

0.86x

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

2017 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2017

Liabilities / Revenue

92nd percentile

2.65x

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

2017 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2017

Net Margin

24th percentile

-6.7%

Higher net margin than 24% of similar nonprofits.

2017 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2017

Top Officer Pay

92nd percentile

$231,402

Higher top officer pay than 92% of similar nonprofits.

Top officer pay equals 23.8% of source-year revenue.

2017 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2017

Asset Growth

15th percentile

-7.0%

Faster asset growth than 15% of similar nonprofits.

2017 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2016 to 2017

Revenue Growth

48th percentile

3.8%

Faster revenue growth than 48% of similar nonprofits.

2017 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2016 to 2017

Balance Sheet
Liabilities / Assets89th percentile

Assets

Down

$2,992,426

Down $223,812 (-7.0%) from 2016

Net Assets

Down

$415,594

Down $65,333 (-14%) from 2016

Liabilities

Down

$2,576,832

Down $158,479 (-5.8%) from 2016

Revenue And Expenses
Liabilities / Revenue92nd percentileNet Margin24th percentile

Revenue

Up

$973,307

Up $35,630 (+3.8%) from 2016

Expenses

Up

$1,038,640

Up $106,699 (+11%) from 2016

Net Income

Down

-$65,333

Down $71,069 (-1239%) from 2016

Historical Trend

Balance Sheet Trend

Asset Growth15th 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

2017

Assets$2,992,426
Liabilities$2,576,832
Net Assets$415,594
Open 2017 Filing

Operations Trend

Revenue Growth48th 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

2017

Revenue$973,307
Expenses$1,038,640
Net Income-$65,333
Open 2017 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2016 to Jun 30, 2017
Signed
Oct 13, 2017
Return Version
2016v3.0
Gross Receipts
$973,307
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$2,715,850$2,584,932▼ $130,918
Accounts Receivable$4,102$0▼ $4,102
Prepaid Expenses and Deferred Charges$3,532$3,060▼ $472
Savings and Temporary Cash Investments$63,888$488▼ $63,400
Total Assets$3,216,238$2,992,426▼ $223,812
Other Assets Total$428,866$403,946▼ $24,920
Liabilities
Mortgage Notes Payable Secured by Investment Property$2,482,223$2,399,337▼ $82,886
Unsecured Notes Loans Payable$112,810$112,810→ $0
Accounts Payable and Accrued Expenses$113,868$38,682▼ $75,186
Other Liabilities$26,410$26,003▼ $407
Total Liabilities$2,735,311$2,576,832▼ $158,479
Net Assets / Fund Balance
Unrestricted Net Assets$480,927$415,594▼ $65,333
Total Net Assets Fund Balance$480,927$415,594▼ $65,333
Total Liabilities and Net Assets / Fund Balance$3,216,238$2,992,426▼ $223,812

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$2,427,276$3,146,299$5,573,575
Land$100,000-$100,000
Other Land Buildings$26,020$67,595$93,615
Equipment$31,636$22,228$53,864
Other Assets Org$44,114--
Compensation and Service Providers
Top Officer Pay92nd percentile

Employees

NameTitleOtherTotal
Justin RaddatzExecutive Director$146,855$146,855

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
$968,246
Investment Income
$840
Other Revenue
$981
All Other Contributions
$3,240
Change in Net Assets
$-65,333

Audited Revenue Reconciliation

Revenue per Audited Statements
$973,307
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$0
Total Revenue per Audited Statements
$973,307
Total Revenue per Form 990
$973,307
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$1,038,640
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$204,203--$204,203
Interest$115,139--$115,139
Occupancy$81,213--$81,213
Fees for Services Management$58,037--$58,037
Insurance$40,369--$40,369
Office Expenses$39,007--$39,007
Fees for Services Other$20,300--$20,300
Other Expenses$10,708--$10,708
Advertising$4,272--$4,272
All Other Expenses$2,401--$2,401
Fees for Services Legal$2,323--$2,323
Conferences and Meetings$1,990--$1,990
Travel$795--$795
Total Functional Expenses$1,038,640$0$0$1,038,640

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$1,038,640
Total Expenses per Audited Statements$1,038,640
Total Expenses per Form 990$1,038,640
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, 2017, expenses incurred and reimbursed for salaries, benefits, payroll taxes, office, and other expenses were $187,645.No$187,645
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Tenant Security Deposits$25,977
Prepaid Rents$26
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 11B

“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
6240 E Smith Road, Denver, CO 80216

Signing Officer

Name
Wayne Wolberg
Title
CFO
Phone
3038300215
Signed
2017-10-13
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
5
Volunteers
11

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/Desc2Agreement expense reco
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt0953402
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt114535
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt2309
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt0953402
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt114535
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt2309
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt03240
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt094
IRS990/PYOtherExpensesAmt0931941
IRS990/PYOtherRevenueAmt0325
IRS990/PYProgramServiceRevenueAmt0934018
IRS990/PYRevenuesLessExpensesAmt05736
IRS990/PYSalariesCompEmpBnftPaidAmt00
IRS990/PYTotalExpensesAmt0931941
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt0937677
IRS990/QuidProQuoContributionsInd00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReconcilationRevenueExpnssAmt0-65333
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd01
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd01
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt0968246
IRS990/SavingsAndTempCashInvstGrp/BOYAmt063888
IRS990/SavingsAndTempCashInvstGrp/EOYAmt0488
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/BookValueAmt02427276
IRS990ScheduleD/BuildingsGrp/DepreciationAmt03146299
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt05573575
IRS990ScheduleD/EquipmentGrp/BookValueAmt031636
IRS990ScheduleD/EquipmentGrp/DepreciationAmt022228
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt053864
IRS990ScheduleD/ExpensesNotReportedAmt00
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt01038640
IRS990ScheduleD/LandGrp/BookValueAmt0100000
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt0100000
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt027066
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt135095
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt2189593
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt3108078
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt444114
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/BookValueAmt026020
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt067595
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt093615
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt025977
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt126
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0Tenant Security Deposits
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1Prepaid Rents
IRS990ScheduleD/RevenueNotReportedAmt00
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt0973307
IRS990ScheduleD/TotalBookValueLandBuildingsAmt02584932
IRS990ScheduleD/TotalBookValueOtherAssetsAmt0403946
IRS990ScheduleD/TotalExpensesPerForm990Amt01038640
IRS990ScheduleD/TotalLiabilityAmt026003
IRS990ScheduleD/TotalRevenuePerForm990Amt0973307
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt0973307
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt01038640
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/CompensationBasedOnRltdOrgsAmt0200559
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompensationBasedOnRltdOrgsAmt1142945
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990FilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990FilingOrgAmt10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990RltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990RltdOrgsAmt10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompensationFlngOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompensationFlngOrgAmt10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompRltdOrgsAmt010480
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompRltdOrgsAmt17599
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsFilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsFilingOrgAmt10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsRltdOrgsAmt020363
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsRltdOrgsAmt120885
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/TotalCompensationRltdOrgsAmt0231402
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationRltdOrgsAmt1171429
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 $142,945 (per 2016 W-2) and non-taxable benefits in 2016 of $28,484. The President received reportable compensation from CCCS of $200,559 (per 2016 W-2) and non-taxable benefits in 2016 of $30,843. Cathedral Plaza does not reimburse CCCS for this compensation as services provided directly by the CFO, President, and Executive Director to Cathedral 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/TransactionAmt0187645
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, 2017, expenses incurred and reimbursed for salaries, benefits, payroll taxes, office, and other expenses were $187,645.
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

Document Assets

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Filings

Displayed year

2017 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$2,992,426
Liabilities
$2,576,832
Net assets
$415,594
Revenue
$973,307
Expenses
$1,038,640
Net income
-$65,333
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