Civic Intelligence

Higgins Plaza Inc

990 • Fiscal year 2019 • EIN 84-1042131

Jul 01, 2018 to Jun 30, 2019 • Filed on Sep 25, 2019

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

90th percentile

0.85x

Higher debt load relative to assets than 90% of similar nonprofits.

2019 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2019

Liabilities / Revenue

92nd percentile

2.48x

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

2019 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2019

Net Margin

46th percentile

2.0%

Higher net margin than 46% of similar nonprofits.

2019 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2019

Top Officer Pay

87th percentile

$174,115

Higher top officer pay than 87% of similar nonprofits.

Top officer pay equals 17.7% of source-year revenue.

2019 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2019

Asset Growth

36th percentile

-0.8%

Faster asset growth than 36% of similar nonprofits.

2019 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2018 to 2019

Revenue Growth

34th percentile

-2.0%

Faster revenue growth than 34% of similar nonprofits.

2019 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2018 to 2019

Balance Sheet
Liabilities / Assets90th percentile

Assets

Down

$2,870,931

Down $24,133 (-0.8%) from 2018

Net Assets

Up

$429,293

Up $19,939 (+4.9%) from 2018

Liabilities

Down

$2,441,638

Down $44,072 (-1.8%) from 2018

Revenue And Expenses
Liabilities / Revenue92nd percentileNet Margin46th percentile

Revenue

Down

$986,476

Down $20,436 (-2.0%) from 2018

Expenses

Down

$966,537

Down $46,615 (-4.6%) from 2018

Net Income

Up

$19,939

Up $26,179 (+420%) from 2018

Historical Trend

Balance Sheet Trend

Asset Growth36th 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

2019

Assets$2,870,931
Liabilities$2,441,638
Net Assets$429,293
Open 2019 Filing

Operations Trend

Revenue Growth34th 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

2019

Revenue$986,476
Expenses$966,537
Net Income$19,939
Open 2019 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2018 to Jun 30, 2019
Signed
Sep 25, 2019
Return Version
2018v3.1
Gross Receipts
$986,476
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$2,450,736$2,344,430▼ $106,306
Savings and Temporary Cash Investments$2,608$46,076▲ $43,468
Prepaid Expenses and Deferred Charges$6,659$6,607▼ $52
Accounts Receivable-$2,637-
Total Assets$2,895,064$2,870,931▼ $24,133
Other Assets Total$435,061$471,181▲ $36,120
Liabilities
Mortgage Notes Payable Secured by Investment Property$2,312,461$2,221,403▼ $91,058
Unsecured Notes Loans Payable$112,810$112,810→ $0
Accounts Payable and Accrued Expenses$33,878$80,400▲ $46,522
Other Liabilities$26,561$27,025▲ $464
Total Liabilities$2,485,710$2,441,638▼ $44,072
Net Assets / Fund Balance
Unrestricted Net Assets$409,354$429,293▲ $19,939
Total Net Assets Fund Balance$409,354$429,293▲ $19,939
Total Liabilities and Net Assets / Fund Balance$2,895,064$2,870,931▼ $24,133

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$2,112,966$3,527,421$5,640,387
Other Land Buildings$109,776$79,037$188,813
Land$100,000-$100,000
Equipment$21,688$32,176$53,864
Other Assets Org$34,826--
Compensation and Service Providers
Top Officer Pay87th percentile

Employees

NameTitleOtherTotal
Justin RaddatzExecutive Director AHI$140,614$140,614
Darren WalshPresident/CEO eff 8/18/18$70,617$70,617

Board Members and Trustees

NameTitle
Melissa BleserChair eff 1/1/19
Tom WhyteChair thru 12/31/18
Amparo GarciaInterim President/CEO thru 8/18/18
Wayne WolbergCFO
Darrin AnsonMember
Dominic PalazzoMember
Vivian MarkhamMember
Jim LorenzenSecretary
Mark WelchTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$3,240
Program Service Revenue
$975,195
Investment Income
$7,918
Other Revenue
$123
Change in Net Assets
$19,939

Audited Revenue Reconciliation

Revenue per Audited Statements
$986,476
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$0
Total Revenue per Audited Statements
$986,476
Total Revenue per Form 990
$986,476
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$966,537
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$206,148--$206,148
Interest$106,968--$106,968
Occupancy$81,231--$81,231
Fees for Services Management$58,055--$58,055
Office Expenses$54,266--$54,266
Insurance$44,658--$44,658
Fees for Services Other$10,000$10,350-$20,350
Other Expenses$19,122$22,891-$19,122
All Other Expenses$14,376--$14,376
Fees for Services Legal$7,467--$7,467
Advertising$2,093--$2,093
Conferences and Meetings$1,728--$1,728
Travel$1,178--$1,178
Total Functional Expenses$933,296$33,241$0$966,537

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$966,537
Total Expenses per Audited Statements$966,537
Total Expenses per Form 990$966,537
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, 2019, expenses incurred and reimbursed for salaries, benefits, payroll taxes, office, and other expenses were $239,756.No$239,756
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Tenant Security Deposits$26,908
Prepaid Rents$117
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
2019-09-25
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
8

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-2s 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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This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990/OtherExpensesGrp/Desc1Contracts
IRS990/OtherExpensesGrp/Desc2Allocated salaries
IRS990/OtherExpensesGrp/Desc3Equipment R&M
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt022891
IRS990/OtherExpensesGrp/ProgramServicesAmt0239756
IRS990/OtherExpensesGrp/ProgramServicesAmt186250
IRS990/OtherExpensesGrp/ProgramServicesAmt219122
IRS990/OtherExpensesGrp/TotalAmt0239756
IRS990/OtherExpensesGrp/TotalAmt186250
IRS990/OtherExpensesGrp/TotalAmt222891
IRS990/OtherExpensesGrp/TotalAmt319122
IRS990/OtherLiabilitiesGrp/BOYAmt026561
IRS990/OtherLiabilitiesGrp/EOYAmt027025
IRS990/OtherRevenueMiscGrp/BusinessCd0900099
IRS990/OtherRevenueMiscGrp/Desc0Other Revenue
IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt0123
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt0123
IRS990/OtherRevenueTotalAmt0123
IRS990/PartialLiquidationInd00
IRS990/PayPremiumsPrsnlBnftCntrctInd00
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt06659
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt06607
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/RelatedOrExemptFuncIncomeAmt0968910
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt16177
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt2108
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt0968910
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt16177
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt2108
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt03240
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt03481
IRS990/PYOtherExpensesAmt01013152
IRS990/PYOtherRevenueAmt035627
IRS990/PYProgramServiceRevenueAmt0964564
IRS990/PYRevenuesLessExpensesAmt0-6240
IRS990/PYSalariesCompEmpBnftPaidAmt00
IRS990/PYTotalExpensesAmt01013152
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt01006912
IRS990/QuidProQuoContributionsInd00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReconcilationRevenueExpnssAmt019939
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd01
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/RelatedOrganizationsAmt03240
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd01
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt0975318
IRS990/SavingsAndTempCashInvstGrp/BOYAmt02608
IRS990/SavingsAndTempCashInvstGrp/EOYAmt046076
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/BookValueAmt02112966
IRS990ScheduleD/BuildingsGrp/DepreciationAmt03527421
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt05640387
IRS990ScheduleD/EquipmentGrp/BookValueAmt021688
IRS990ScheduleD/EquipmentGrp/DepreciationAmt032176
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt053864
IRS990ScheduleD/ExpensesNotReportedAmt00
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt0966537
IRS990ScheduleD/LandGrp/BookValueAmt0100000
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt0100000
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt028088
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt139261
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt2260849
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt3108157
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt434826
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/BookValueAmt0109776
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt079037
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt0188813
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt026908
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt1117
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0Tenant Security Deposits
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1Prepaid Rents
IRS990ScheduleD/RevenueNotReportedAmt00
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt0986476
IRS990ScheduleD/TotalBookValueLandBuildingsAmt02344430
IRS990ScheduleD/TotalBookValueOtherAssetsAmt0471181
IRS990ScheduleD/TotalExpensesPerForm990Amt0966537
IRS990ScheduleD/TotalLiabilityAmt027025
IRS990ScheduleD/TotalRevenuePerForm990Amt0986476
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt0986476
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt0966537
IRS990ScheduleJ/AnyNonFixedPaymentsInd00
IRS990ScheduleJ/CompBasedOnRevenueOfFlngOrgInd00
IRS990ScheduleJ/CompBsdNetEarnsFlngOrgInd00
IRS990ScheduleJ/CompBsdNetEarnsRltdOrgsInd00
IRS990ScheduleJ/CompBsdOnRevRelatedOrgsInd00
IRS990ScheduleJ/EquityBasedCompArrngmInd00
IRS990ScheduleJ/InitialContractExceptionInd00
IRS990/ScheduleJRequiredInd01
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusFilingOrganizationAmount00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusRelatedOrganizationsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompensationBasedOnRltdOrgsAmt0154201
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990FilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990RltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompensationFlngOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompRltdOrgsAmt08172
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsFilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsRltdOrgsAmt011742
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationFilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm0Wayne Wolberg
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt0CFO
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationFilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationRltdOrgsAmt0174115
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 $154,201 (per 2018 W-2) and non-taxable benefits in 2018 of $19,914. The President/CEO received reportable compensation from CCCS of $63,704 (per 2018 W-2) and non-taxable benefits in 2018 of $6,913. Higgins Plaza does not reimburse CCCS for this compensation as services provided directly by the CFO, President, and Executive Director to Higgins Plaza are insignificant. The former President/CEO resigned effective June 1, 2018. The interim President/CEO received compensation from CCCS of $40,000 for the period from July 1, 2018 through June 30, 2019. The former President/CEO received reportable compensation from CCCS of $233,755 (per 2018 W-2) and non-taxable benefits in 2018 of $10,086. Higgins Plaza does not reimburse CCCS for the interim or former President/CEO compensation due to the services provided directly by the interim and former CEO being 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/TransactionAmt0239756
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, 2019, expenses incurred and reimbursed for salaries, benefits, payroll taxes, office, and other expenses were $239,756.
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-2s 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
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Form 990, Part VI, Section A, line 7b

Document Assets

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Filings

Displayed year

2019 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$2,870,931
Liabilities
$2,441,638
Net assets
$429,293
Revenue
$986,476
Expenses
$966,537
Net income
$19,939
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