Civic Intelligence

Greccio Housing Unlimited Inc.

990 • Fiscal year 2019 • EIN 84-1158819

Aug 01, 2018 to Jul 31, 2019 • Filed on Jan 06, 2020

1015 E Pikes Peak Ave Ste 110Colorado Springs, CO 80903

(719) 475-1422

Siviq Scores

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

Liabilities / Assets

92nd percentile

0.98x

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

2019 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2019

Liabilities / Revenue

93rd percentile

4.42x

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

2019 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2019

Net Margin

42nd percentile

1.2%

Higher net margin than 42% of similar nonprofits.

2019 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2019

Top Officer Pay

24th percentile

$106,961

Higher top officer pay than 24% of similar nonprofits.

Top officer pay equals 3.1% of source-year revenue.

2019 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2019

Asset Growth

28th percentile

-1.3%

Faster asset growth than 28% of similar nonprofits.

2019 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2018 to 2019

Revenue Growth

63rd percentile

8.6%

Faster revenue growth than 63% of similar nonprofits.

2019 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2018 to 2019

Assets

Down

$15,352,932

Down $197,336 (-1.3%) from 2018

Net Assets

Up

$311,460

Up $40,970 (+15%) from 2018

Liabilities

Down

$15,041,472

Down $238,306 (-1.6%) from 2018

Revenue

Up

$3,402,558

Up $268,513 (+8.6%) from 2018

Expenses

Up

$3,361,588

Up $162,523 (+5.1%) from 2018

Net Income

Up

$40,970

Up $105,990 (+163%) from 2018

Historical Trend

Balance Sheet Trend

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

$30M$20M$10M$0-$10MAssets 2010: $8,429,798Liabilities 2010: $8,098,556Net Assets 2010: $331,2422010Assets 2011: $8,090,103Liabilities 2011: $8,235,744Net Assets 2011: -$145,6412011Assets 2012: $10,244,444Liabilities 2012: $10,736,990Net Assets 2012: -$492,5462012Assets 2013: $11,841,568Liabilities 2013: $12,328,088Net Assets 2013: -$486,5202013Assets 2014: $14,126,925Liabilities 2014: $14,700,132Net Assets 2014: -$573,2072014Assets 2015: $14,323,948Liabilities 2015: $14,970,826Net Assets 2015: -$646,8782015Assets 2016: $15,113,334Liabilities 2016: $15,523,170Net Assets 2016: -$409,8362016Assets 2017: $15,291,633Liabilities 2017: $14,997,398Net Assets 2017: $294,2352017Assets 2018: $15,550,268Liabilities 2018: $15,279,778Net Assets 2018: $270,4902018Assets 2019: $15,352,932Liabilities 2019: $15,041,472Net Assets 2019: $311,4602019Assets 2020: $17,249,097Liabilities 2020: $16,699,971Net Assets 2020: $549,1262020Assets 2021: $17,205,501Liabilities 2021: $16,239,450Net Assets 2021: $966,0512021Assets 2022: $18,516,537Liabilities 2022: $17,262,794Net Assets 2022: $1,253,7432022Assets 2023: $20,340,788Liabilities 2023: $17,180,408Net Assets 2023: $3,160,3802023Assets 2024: $21,506,369Liabilities 2024: $17,325,038Net Assets 2024: $4,181,3312024

Highlighted filing

2019

Assets$15,352,932
Liabilities$15,041,472
Net Assets$311,460

Operations Trend

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

$8.0M$6.0M$4.0M$2.0M$0-$2.0MExpenses 2010: $2,027,4872010Expenses 2011: $2,018,7402011Expenses 2012: $2,121,9662012Expenses 2013: $2,440,7872013Revenue 2014: $2,527,960Expenses 2014: $2,629,020Net Income 2014: -$101,0602014Revenue 2015: $2,935,048Expenses 2015: $2,997,822Net Income 2015: -$62,7742015Revenue 2016: $3,283,071Expenses 2016: $3,026,499Net Income 2016: $256,5722016Revenue 2017: $3,626,405Expenses 2017: $3,004,886Net Income 2017: $621,5192017Revenue 2018: $3,134,045Expenses 2018: $3,199,065Net Income 2018: -$65,0202018Revenue 2019: $3,402,558Expenses 2019: $3,361,588Net Income 2019: $40,9702019Revenue 2020: $3,606,298Expenses 2020: $3,368,632Net Income 2020: $237,6662020Revenue 2021: $4,361,169Expenses 2021: $3,944,244Net Income 2021: $416,9252021Revenue 2022: $4,502,190Expenses 2022: $4,214,498Net Income 2022: $287,6922022Revenue 2023: $4,879,767Expenses 2023: $4,736,145Net Income 2023: $143,6222023Revenue 2024: $6,579,511Expenses 2024: $5,558,560Net Income 2024: $1,020,9512024

Highlighted filing

2019

Revenue$3,402,558
Expenses$3,361,588
Net Income$40,970
Jump To
Filing Snapshot
Filing Period
Aug 1, 2018 to Jul 31, 2019
Signed
Jan 6, 2020
Return Version
2018v3.1
Gross Receipts
$3,402,558
Mission and Program Overview

Mission

Affordable housing to low-income citizens including supportive resources for housing stability.

To preserve, develop, and mantain quality affordable housing that supports a sense of community in the pikes peak region.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$14,711,472$14,482,534▼ $228,938
Cash and Non-Interest-Bearing Accounts$661,188$737,027▲ $75,839
Accounts Receivable$23,622$54,204▲ $30,582
Investments Program Related$36,526$38,198▲ $1,672
Prepaid Expenses and Deferred Charges$55,048$31,802▼ $23,246
Pledges and Grants Receivable$54,313$9,167▼ $45,146
Savings and Temporary Cash Investments$0$0→ $0
Other Notes and Loans Receivable, Net$0$0→ $0
Receivable From Disqualified Prsn$0$0→ $0
Receivables From Officers Etc$0$0→ $0
Investments Other Securities$0$0→ $0
Investments in Publicly Traded Securities$0$0→ $0
Intangible Assets$0$0→ $0
Inventories for Sale or Use$0$0→ $0
Loans From Officers Directors$0$0→ $0
Total Assets$15,550,268$15,352,932▼ $197,336
Other Assets Total$8,099$0▼ $8,099
Liabilities
Mortgage Notes Payable Secured by Investment Property$11,196,089$10,966,636▼ $229,453
Other Liabilities$3,813,857$3,803,495▼ $10,362
Accounts Payable and Accrued Expenses$216,770$216,564▼ $206
Deferred Revenue$53,062$54,777▲ $1,715
Grants Payable$0$0→ $0
Unsecured Notes Loans Payable$0$0→ $0
Escrow Account Liability$0$0→ $0
Tax Exempt Bond Liabilities$0$0→ $0
Total Liabilities$15,279,778$15,041,472▼ $238,306
Net Assets / Fund Balance
Unrestricted Net Assets$239,400$235,230▼ $4,170
Temporarily Rstr Net Assets$31,090$76,230▲ $45,140
Permanently Rstr Net Assets$0$0→ $0
Total Net Assets Fund Balance$270,490$311,460▲ $40,970
Total Liabilities and Net Assets / Fund Balance$15,550,268$15,352,932▼ $197,336

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$12,319,629$6,523,309$18,842,938
Land$2,022,296-$2,022,296
Equipment$140,609$196,683$337,292
Other Land Buildings$0-$0
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Lee PatkeExecutive DirectorFT$106,961$106,961

Board Members and Trustees

NameTitle
Braden HammondPresident
Mike HeritageVice President
Andrea SmithBoard Member
Arron ConwayBoard Member
Chris NervigBoard Member
Jame JohnsonBoard Member
Kerry EgelstonBoard Member
Robert BentzenBoard Member
Steve OgleBoard Member
Thea PalttSecretary
Zach BunneyTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$600,365
Program Service Revenue
$2,627,730
Investment Income
$4,392
Other Revenue
$170,071
All Other Contributions
$532,912
Change in Net Assets
$40,970

Noncash Contribution Practices

Property subject to holding requirements
No
Reviewed unusual noncash gifts
Yes
Third parties used for noncash contributions
No

Noncash Contributions

Contribution TypeContribution CountReported AmountValuation Method
Clothing and Household Goods-$206,733Fair Market Value (FMV)
Other Non Cash Contri Table2$108,966Cost
Total Noncash Contributions2$315,699-

Audited Revenue Reconciliation

Revenue per Audited Statements
$3,402,558
Total Revenue per Audited Statements
$3,402,558
Total Revenue per Form 990
$3,402,558
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$2,169,177
Salaries, Compensation, and Employee Benefits$1,129,691
Total Fundraising Expense$117,595
Grants and Similar Amounts Paid$62,720
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$701,699$49,731$66,359$817,789
Depreciation Depletion$608,145$8,899$3,423$620,467
Interest$284,106$15,205$5,848$305,159
All Other Expenses$208,470$3,981$8,679$221,130
Insurance$168,592$3,688$1,418$173,698
Other Employee Benefits$111,064$9,316$10,106$130,486
Current Officers, Directors, Trustees, and Key Employees$88,093$16,517$5,506$110,116
Payroll Taxes$60,688$5,090$5,522$71,300
Grants to Domestic Individuals$62,720--$62,720
Office Expenses$39,598$1,909$2,068$43,575
Fees for Services Accounting$36,937$3,098$3,361$43,396
Other Expenses$27,845$2,336$2,533$32,714
Fees for Services Legal$20,781$270$293$21,344
Travel$16,758$195$212$17,165
Total Functional Expenses$3,117,863$126,130$117,595$3,361,588

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$3,361,588
Total Expenses per Audited Statements$3,361,588
Total Expenses per Form 990$3,361,588
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$10,243
Fundraising Direct Expenses$0
Gaming Direct Expenses$0
Gaming Gross Income$0
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Loans from Officers, Directors, Trustees, and Key Employees$0$0→ $0
Receivables from Disqualified Persons$0$0→ $0
Receivables from Officers, Directors, Trustees, and Key Employees$0$0→ $0
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Conditional Grants$3,644,989
Deposits$158,506
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
Yes
Other officer compensation reviewed
Yes
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990 Part VI, Section B, Line 11

The board reviews the form 990 before it is filed.

Form 990, Part VI, Section B, Line 15A

The board of directors reviews and sets salary levels.

Form 990, Part VI, Section C, Line 19

The organization makes its governing documents and financial statements available upon request.

Filing and Contact Details

Filer

Filer Name
Greccio Housing Unlimited Inc
EIN
84-1158819
In Care Of
% THE ORGANIZATION
Phone
7194751422
Address
1015 E PIKES PEAK AVE STE 110, COLORADO SPRINGS, CO 80903

Signing Officer

Name
R Lee Patke Jr
Title
Executive Director
Phone
7196301186
Signed
2020-01-06
Discuss with paid preparer
Yes

Organization Details

Principal Officer
R Lee Patke Jr
Formed
1990
Legal Domicile
Co
Voting Board Members
12
Independent Board Members
11
Employees
28
Volunteers
325

Preparer

Firm
Stockman Kast Ryan & Co Llp
Address
102 N CASCADE AVENUE SUITE 400, COLORADO SPRINGS, CO 80903
Preparer
Doreen B Merz
Phone
7196301186
Supplemental Narrative

Financial Statement Notes

Sch D part X line 2

Greccio is exempt from federal income taxes under Section 501(c)(3) of the Internal Revenue Code and qualify for the charitable contribution deduction. Greccio believes that it does not have any uncertain tax positions that are material to the financial statements.

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IRS990/Form990PartVIISectionAGrp/PersonNm1Mike Heritage
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IRS990/Form990PartVIISectionAGrp/PersonNm7Robert Bentzen
IRS990/Form990PartVIISectionAGrp/PersonNm8Arron Conway
IRS990/Form990PartVIISectionAGrp/PersonNm9Jame Johnson
IRS990/Form990PartVIISectionAGrp/PersonNm10Andrea Smith
IRS990/Form990PartVIISectionAGrp/PersonNm11Lee Patke
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IRS990/Form990PartVIISectionAGrp/TitleTxt1Vice President
IRS990/Form990PartVIISectionAGrp/TitleTxt2Secretary
IRS990/Form990PartVIISectionAGrp/TitleTxt3Treasurer
IRS990/Form990PartVIISectionAGrp/TitleTxt4Board Member
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IRS990/Form990PartVIISectionAGrp/TitleTxt6Board Member
IRS990/Form990PartVIISectionAGrp/TitleTxt7Board Member
IRS990/Form990PartVIISectionAGrp/TitleTxt8Board Member
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IRS990/Form990PartVIISectionAGrp/TitleTxt10Board Member
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IRS990/OtherExpensesGrp/Desc3CONTRACT EXPENSES
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IRS990/PrincipalOfficerNm0R LEE PATKE JR
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IRS990/ProgramServiceRevenueGrp/BusinessCd1531390
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IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt14172
IRS990/ProgramServiceRevenueGrp/UnrelatedBusinessRevenueAmt0132963
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IRS990/PYOtherRevenueAmt0138077
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IRS990/RelatedOrganizationCtrlEntInd0false
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IRS990/ReportLandBuildingEquipmentInd0true
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IRS990/ReportOtherLiabilitiesInd0true
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RevenueAmt02654595

Document Assets

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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$21.5$17.3$4.18$6.58$5.56$1.02
2023Detailed filing. Detailed filing data is available for this year.$20.3$17.2$3.16$4.88$4.74$0.14
2022Detailed filing. Detailed filing data is available for this year.$18.5$17.3$1.25$4.50$4.21$0.29
2021Facts available. Structured filing facts are available, but richer extracted sections are limited.$17.2$16.2$0.97$4.36$3.94$0.42
2020Detailed filing. Detailed filing data is available for this year.$17.2$16.7$0.55$3.61$3.37$0.24
2019Detailed filing. Detailed filing data is available for this year.$15.4$15.0$0.31$3.40$3.36$0.04
2018Detailed filing. Detailed filing data is available for this year.$15.6$15.3$0.27$3.13$3.20$0.07
2017Detailed filing. Detailed filing data is available for this year.$15.3$15.0$0.29$3.63$3.00$0.62
2016Detailed filing. Detailed filing data is available for this year.$15.1$15.5$0.41$3.28$3.03$0.26
2015Detailed filing. Detailed filing data is available for this year.$14.3$15.0$0.65$2.94$3.00$0.06
2014Detailed filing. Detailed filing data is available for this year.$14.1$14.7$0.57$2.53$2.63$0.10
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$11.8$12.3$0.49$2.44
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$10.2$10.7$0.49$2.12
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$8.09$8.24$0.15$2.02
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$8.43$8.10$0.33$2.03