Civic Intelligence

Boulder Housing Coalition

990 • Fiscal year 2022 • EIN 84-1455089

Jan 01, 2022 to Dec 31, 2022 • Filed on May 15, 2023

901 North Clarkson StreetDenver, CO 80218

(303) 883-2526

Siviq Scores

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

Liabilities / Assets

88th percentile

0.64x

Higher debt load relative to assets than 88% of similar nonprofits.

2022 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2022

Liabilities / Revenue

96th percentile

4.11x

Higher debt load relative to revenue than 96% of similar nonprofits.

2022 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2022

Net Margin

24th percentile

-7.2%

Higher net margin than 24% of similar nonprofits.

2022 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2022

Top Officer Pay

51st percentile

$60,162

Higher top officer pay than 51% of similar nonprofits.

Top officer pay equals 8.5% of source-year revenue.

2022 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2022

Asset Growth

38th percentile

-2.5%

Faster asset growth than 38% of similar nonprofits.

2022 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2021 to 2022

Revenue Growth

41st percentile

0.5%

Faster revenue growth than 41% of similar nonprofits.

2022 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2021 to 2022

Assets

Down

$4,589,495

Down $117,209 (-2.5%) from 2021

Net Assets

Down

$1,665,720

Down $56,616 (-3.3%) from 2021

Liabilities

Down

$2,923,775

Down $60,593 (-2.0%) from 2021

Revenue

Up

$711,052

Up $3,759 (+0.5%) from 2021

Expenses

Up

$762,501

Up $91,623 (+14%) from 2021

Net Income

Down

-$51,449

Down $87,864 (-241%) from 2021

Historical Trend

Balance Sheet Trend

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

$8.0M$6.0M$4.0M$2.0M$0Assets 2010: $1,227,336Liabilities 2010: $1,048,927Net Assets 2010: $178,4092010Assets 2011: $1,209,860Liabilities 2011: $1,026,854Net Assets 2011: $183,0062011Assets 2012: $1,195,032Liabilities 2012: $1,003,686Net Assets 2012: $191,3462012Assets 2013: $1,771,173Liabilities 2013: $1,011,509Net Assets 2013: $759,6642013Assets 2014: $1,789,890Liabilities 2014: $955,156Net Assets 2014: $834,7342014Assets 2015: $2,616,630Liabilities 2015: $928,824Net Assets 2015: $1,687,8062015Assets 2016: $2,554,102Liabilities 2016: $899,107Net Assets 2016: $1,654,9952016Assets 2017: $3,592,362Liabilities 2017: $1,636,453Net Assets 2017: $1,955,9092017Assets 2018: $2,961,182Liabilities 2018: $1,115,736Net Assets 2018: $1,845,4462018Assets 2019: $2,963,685Liabilities 2019: $1,095,268Net Assets 2019: $1,868,4172019Assets 2020: $4,727,388Liabilities 2020: $3,041,467Net Assets 2020: $1,685,9212020Assets 2021: $4,706,704Liabilities 2021: $2,984,368Net Assets 2021: $1,722,3362021Assets 2022: $4,589,495Liabilities 2022: $2,923,775Net Assets 2022: $1,665,7202022Assets 2023: $4,542,905Liabilities 2023: $2,891,891Net Assets 2023: $1,651,0142023Assets 2024: $7,615,902Liabilities 2024: $4,743,955Net Assets 2024: $2,871,9472024

Highlighted filing

2022

Assets$4,589,495
Liabilities$2,923,775
Net Assets$1,665,720

Operations Trend

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

$3.0M$2.0M$1.0M$0-$1.0MExpenses 2010: $143,0922010Expenses 2011: $139,7222011Expenses 2012: $139,5362012Revenue 2013: $730,452Expenses 2013: $162,134Net Income 2013: $568,3182013Revenue 2014: $228,774Expenses 2014: $153,704Net Income 2014: $75,0702014Revenue 2015: $1,052,071Expenses 2015: $198,999Net Income 2015: $853,0722015Revenue 2016: $162,377Expenses 2016: $195,188Net Income 2016: -$32,8112016Revenue 2017: $522,267Expenses 2017: $221,353Net Income 2017: $300,9142017Revenue 2018: $192,091Expenses 2018: $302,554Net Income 2018: -$110,4632018Revenue 2019: $370,690Expenses 2019: $349,719Net Income 2019: $20,9712019Revenue 2020: $464,188Expenses 2020: $631,177Net Income 2020: -$166,9892020Revenue 2021: $707,293Expenses 2021: $670,878Net Income 2021: $36,4152021Revenue 2022: $711,052Expenses 2022: $762,501Net Income 2022: -$51,4492022Revenue 2023: $717,250Expenses 2023: $759,076Net Income 2023: -$41,8262023Revenue 2024: $2,004,019Expenses 2024: $812,161Net Income 2024: $1,191,8582024

Highlighted filing

2022

Revenue$711,052
Expenses$762,501
Net Income-$51,449
Jump To
Filing Snapshot
Filing Period
Jan 1, 2022 to Dec 31, 2022
Signed
May 15, 2023
Return Version
2022v5.0
Gross Receipts
$711,052
Mission and Program Overview

Mission

Provide affordable cooperative housing to the people of boulder county.

Provide affordable cooperative housing to the people of Boulder County, Colorado.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$3,983,838$3,862,686▼ $121,152
Cash and Non-Interest-Bearing Accounts$299,687$361,355▲ $61,668
Investments in Publicly Traded Securities$328,929$333,430▲ $4,501
Intangible Assets$51,553$37,082▼ $14,471
Other Notes and Loans Receivable, Net$23,979$621▼ $23,358
Savings and Temporary Cash Investments-$0-
Pledges and Grants Receivable-$0-
Receivable From Disqualified Prsn-$0-
Receivables From Officers Etc-$0-
Investments Other Securities-$0-
Investments Program Related-$0-
Inventories for Sale or Use-$0-
Prepaid Expenses and Deferred Charges-$0-
Accounts Receivable$278$-5,779▼ $6,057
Total Assets$4,706,704$4,589,495▼ $117,209
Other Assets Total$18,440$100▼ $18,340
Liabilities
Mortgage Notes Payable Secured by Investment Property$2,932,776$2,872,316▼ $60,460
Other Liabilities$41,214$38,678▼ $2,536
Accounts Payable and Accrued Expenses$10,378$12,781▲ $2,403
Total Liabilities$2,984,368$2,923,775▼ $60,593
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$1,722,336$1,665,720▼ $56,616
Total Net Assets Fund Balance$1,722,336$1,665,720▼ $56,616
Total Liabilities and Net Assets / Fund Balance$4,706,704$4,589,495▼ $117,209

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$2,630,001$1,454,812$4,084,813
Land$1,128,878-$1,128,878
Equipment$80,639$35,085$115,724
Leasehold Improvements$23,168$10,132$33,300
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Lincoln MillerExecutive DirectorFT$60,162$60,162

Board Members and Trustees

NameTitle
Sarah WellsPresident
Andrew NovickDirector
Anna StaatDirector
Claudia ThiemDirector
Dr Jennifer FluriDirector
Eric BuddDirector
Hollie GreenDirector
Kenechukwu OkekeDirector
Kurt NordbackTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$114,925
Program Service Revenue
$589,544
Investment Income
$6,583
Other Revenue
$0
All Other Contributions
$106,596
Change in Net Assets
$-51,449
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$555,816
Salaries, Compensation, and Employee Benefits$111,685
Grants and Similar Amounts Paid$95,000
Total Fundraising Expense$17,084
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Depreciation Depletion$154,520--$154,520
Interest$132,384--$132,384
Grants to Domestic Orgs$95,000--$95,000
Current Officers, Directors, Trustees, and Key Employees$35,377$17,689$5,896$58,962
All Other Expenses$39,148$4,513$306$43,967
Other Salaries and Wages$19,845$16,969$6,770$43,584
Insurance$32,403$1,947$65$34,415
Other Expenses$13,576$689$689$14,954
Fees for Services Accounting-$9,250-$9,250
Payroll Taxes$4,151$2,703$991$7,845
Information Technology-$3,793$1,896$5,689
Other Employee Benefits$776$389$129$1,294
Fees for Services Other$875$135-$1,010
Office Expenses-$341$342$683
Total Functional Expenses$686,999$58,418$17,084$762,501
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Catalyst Cooperative CorpBoulder, CO-Public database on energy usage$95,000
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

Loans and Receivables

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

Other Reported Liabilities

LiabilityAmount
Security deposits payable$38,678
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Backup withholding compliance
Yes
Business relationship with 35% controlled entity
No
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
No
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 11B

A copy of Form 990 is provided to each Board member for review before it is filed with the IRS.

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

Any conflict of interest must be reported at the monthly board meeting. The board then decides whether action must be taken.

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

The Board interviews, evaluates, and provides a written review of the Executive Director's performance every two years. The Board approves the Executive Director's salary in consultation with independent persons who research comparable salaries from NASCO Properties and the City of Boulder.

Form 990, Part VI, Section C, Line 19

No documents available to the public.

Filing and Contact Details

Filer

Filer Name
Boulder Housing Coalition
EIN
84-1455089
Phone
3038832526
Address
901 North Clarkson Street, Denver, CO 80218

Signing Officer

Name
Kurt Nordback
Title
Treasurer
Signed
2023-05-15
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Kurt Nordback
Formed
1999
Legal Domicile
Co
Voting Board Members
9
Independent Board Members
9
Employees
5
Volunteers
75

Preparer

Firm
Lynele Jones CPA
Address
1147 Vivian St, Longmont, CO 80501
Preparer
Lynele Jones
Phone
3035791147
Supplemental Narrative

Additional Explanations

Form 990, Part XI, Line 9

= $0

Form 990, Part XI, Line 9

= $0

Form 990, Part XI, Line 9

= -$0

Form 990, Part XI, Line 9

= -$0

Form 990, Part XI, Line 9

Chrysalis Community Housing EIN 20-2297749 = $19516

Form 990, Part XI, Line 9

Ingram Court Community Housing EIN 82-2592801 = -$7390

Form 990, Part XI, Line 9

Masala Community Housing EIN 84-1511137 = $15593

Form 990, Part XI, Line 9

North Haven Community Housing EIN 46-2545179 = $19000

Part XI, Line 9 - Other changes in net assets

In 2022 it was found that the rental collection activity of the 4 cooperative residences manged by Boulder Housing Coalition was being reported erroneously on 4 separate Forms 1120, and income tax was being paid in years that showed a profit. These 4 "community housing" corporations are for the first time being properly included in Boulder Housing Coalition's form 990 reporting, as their activity consitutes most of Boulder Housing Coalition's program services.

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IRS990/ProgSrvcAccomActy2Grp/Desc0Boulder Housing Coalition owns & manages 2 permanently affordable rental cooperatives in Boulder, Colorado. The majority of the 25 low income residents living in these properties earn below 30% of the area's median income. The houses were purchased with the help of affordable housing grants from the City of Boulder and the County of Boulder. All of the buildings are owned in partnership with Boulder Housing Partners. By state statute, this provides a property tax exemption. In addition, Boulder Housing Coalition has an education program that offers cooperative living skills, mediation skills, and social justice education. These programs reached 100 people in 2022.
IRS990/ProgSrvcAccomActy2Grp/ExpenseAmt0248425
IRS990/ProgSrvcAccomActy2Grp/RevenueAmt0253683
IRS990/ProgSrvcAccomActy3Grp/Desc0Catalyst Public Utility Data Liberation (PUDL) Project: The decarbonization of the US electricity system is essential to protecting the natural environment, responsibly managing natural resources, and furthering the long-term health and safety of all communities. The PUDL project accelerates the transition away from fossil-fueled electricity systems by publicly providing high quality, actionable data. Since its 2019 release, the PUDL Python package has been downloaded nearly 10,000 times. PUDL has been used by academics, advocates, and energy data practitioners to help inform policy making around how to finance the early retirement of uneconomic coal plants and how to model the transition to a completely decarbonized electric grid. Boulder Housing Coalition served as Catalyst's fiscal sponsor for a 2022 grant of $100,000, of which $95,000 was applied to project costs.
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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$7.62$4.74$2.87$2.00$0.81$1.19
2023Detailed filing. Detailed filing data is available for this year.$4.54$2.89$1.65$0.72$0.76$0.04
2022Detailed filing. Detailed filing data is available for this year.$4.59$2.92$1.67$0.71$0.76$0.05
2021Detailed filing. Detailed filing data is available for this year.$4.71$2.98$1.72$0.71$0.67$0.04
2020Detailed filing. Detailed filing data is available for this year.$4.73$3.04$1.69$0.46$0.63$0.17
2019Detailed filing. Detailed filing data is available for this year.$2.96$1.10$1.87$0.37$0.35$0.02
2018Detailed filing. Detailed filing data is available for this year.$2.96$1.12$1.85$0.19$0.30$0.11
2017Detailed filing. Detailed filing data is available for this year.$3.59$1.64$1.96$0.52$0.22$0.30
2016Detailed filing. Detailed filing data is available for this year.$2.55$0.90$1.65$0.16$0.20$0.03
2015Detailed filing. Detailed filing data is available for this year.$2.62$0.93$1.69$1.05$0.20$0.85
2014Detailed filing. Detailed filing data is available for this year.$1.79$0.96$0.83$0.23$0.15$0.08
2013Detailed filing. Detailed filing data is available for this year.$1.77$1.01$0.76$0.73$0.16$0.57
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.20$1.00$0.19$0.14
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.21$1.03$0.18$0.14
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.23$1.05$0.18$0.14