Civic Intelligence

Lowry Community Land Trust

990 • Fiscal year 2020 • EIN 84-1601247

Jan 01, 2020 to Dec 31, 2020 • Filed on Sep 27, 2021

1245 E Colfax Ave Suite 206Denver, CO 80218

(303) 856-7357

Siviq Scores

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

Liabilities / Assets

55th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

2020 filings • 501(c)3 • <$500k nonprofits • Source year 2020

Liabilities / Revenue

55th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

2020 filings • 501(c)3 • <$500k nonprofits • Source year 2020

Net Margin

71st percentile

21%

Higher net margin than 71% of similar nonprofits.

2020 filings • 501(c)3 • <$500k nonprofits • Source year 2020

Top Officer Pay

98th percentile

$101,458

Higher top officer pay than 98% of similar nonprofits.

Top officer pay equals 37.7% of source-year revenue.

2020 filings • 501(c)3 • <$500k nonprofits • Source year 2020

Asset Growth

61st percentile

14%

Faster asset growth than 61% of similar nonprofits.

2020 filings • 501(c)3 • <$500k nonprofits • Annualized from 2019 to 2020

Revenue Growth

41st percentile

-23%

Faster revenue growth than 41% of similar nonprofits.

2020 filings • 501(c)3 • <$500k nonprofits • Annualized from 2019 to 2020

Assets

Up

$280,289

Up $33,392 (+14%) from 2019

Net Assets

Up

$280,289

Up $56,880 (+25%) from 2019

Liabilities

Down

$0

Down $23,488 (-100%) from 2019

Revenue

Down

$268,983

Down $81,301 (-23%) from 2019

Expenses

Down

$212,103

Down $94,706 (-31%) from 2019

Net Income

Up

$56,880

Up $13,405 (+31%) from 2019

Historical Trend

Balance Sheet Trend

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

$6.0M$4.0M$2.0M$0Assets 2010: $3,681,342Liabilities 2010: $169,624Net Assets 2010: $3,511,7182010Assets 2011: $4,163,442Liabilities 2011: $177,706Net Assets 2011: $3,985,7362011Assets 2012: $4,111,308Liabilities 2012: $47,725Net Assets 2012: $4,063,5832012Assets 2013: $4,407,775Liabilities 2013: $331,483Net Assets 2013: $4,076,2922013Assets 2014: $4,081,738Liabilities 2014: $52,066Net Assets 2014: $4,029,6722014Assets 2015: $4,051,347Liabilities 2015: $21,370Net Assets 2015: $4,029,9772015Assets 2016: $4,001,557Liabilities 2016: $27,154Net Assets 2016: $3,974,4032016Assets 2017: $4,853,999Liabilities 2017: $28,005Net Assets 2017: $4,825,9942017Assets 2018: $194,786Liabilities 2018: $14,852Net Assets 2018: $179,9342018Assets 2019: $246,897Liabilities 2019: $23,488Net Assets 2019: $223,4092019Assets 2020: $280,289Liabilities 2020: $0Net Assets 2020: $280,2892020Assets 2021: $0Liabilities 2021: $0Net Assets 2021: $02021

Highlighted filing

2020

Assets$280,289
Liabilities$0
Net Assets$280,289

Operations Trend

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

$1.5M$1.0M$500K$0-$500KExpenses 2010: $243,4422010Expenses 2011: $226,7882011Expenses 2012: $253,1182012Revenue 2013: $260,284Expenses 2013: $247,575Net Income 2013: $12,7092013Revenue 2014: $255,218Expenses 2014: $301,838Net Income 2014: -$46,6202014Revenue 2015: $273,921Expenses 2015: $273,616Net Income 2015: $3052015Revenue 2016: $241,555Expenses 2016: $297,129Net Income 2016: -$55,5742016Revenue 2017: $1,139,436Expenses 2017: $287,845Net Income 2017: $851,5912017Revenue 2018: $320,495Expenses 2018: $291,889Net Income 2018: $28,6062018Revenue 2019: $350,284Expenses 2019: $306,809Net Income 2019: $43,4752019Revenue 2020: $268,983Expenses 2020: $212,103Net Income 2020: $56,8802020Revenue 2021: $315Expenses 2021: $15,879Net Income 2021: -$15,5642021

Highlighted filing

2020

Revenue$268,983
Expenses$212,103
Net Income$56,880
Jump To
Filing Snapshot
Filing Period
Jan 1, 2020 to Dec 31, 2020
Signed
Sep 27, 2021
Return Version
2020v4.0
Gross Receipts
$268,983
Mission and Program Overview

Mission

To provide opportunities for low and moderate income people to secure decent affordable housing and to assure quantity, quality and affordability of housing for future low and moderate income individuals.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$106,755$170,174▲ $63,419
Savings and Temporary Cash Investments$105,993$106,059▲ $66
Accounts Receivable$8,277--
Prepaid Expenses and Deferred Charges$5,184--
Land, Buildings, and Equipment, Net$4,056$4,056→ $0
Total Assets$246,897$280,289▲ $33,392
Other Assets Total$16,632--
Liabilities
Accounts Payable and Accrued Expenses$23,488--
Total Liabilities$23,488$0▼ $23,488
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$223,409$280,289▲ $56,880
Total Net Assets Fund Balance$223,409$280,289▲ $56,880
Total Liabilities and Net Assets / Fund Balance$246,897$280,289▲ $33,392

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$4,056$17,988$22,044
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Jane HarringtonExecutive DiFT$96,548$4,910$101,458

Board Members and Trustees

NameTitle
Brad WeinigBoard Chair
Elizabeth Gundlach-neufeldVice Chair
Alex SienkoDirector
Ann TorgersonDirector
Janet ColleyDirector
Paige OmohundroDirector
Renee NicolosiDirector
Lindsay L MckaeSecretary/tr
Revenue and Support

Revenue Composition

Contributions and Grants
$55,437
Program Service Revenue
$213,265
Investment Income
$97
Other Revenue
$184
All Other Contributions
$55,437
Change in Net Assets
$56,880
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$122,950
Other Expenses$89,153
Total Fundraising Expense$3,857
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Current Officers, Directors, Trustees, and Key Employees$89,283$10,146$2,029$101,458
Fees for Services Legal$19,053$2,165$433$21,651
Occupancy$18,948$2,153$431$21,532
Payroll Taxes$12,813$1,456$291$14,560
Fees for Services Accounting-$14,100-$14,100
Office Expenses$6,593$1,451$150$8,194
Information Technology$5,922$673$135$6,730
Other Employee Benefits$5,539$629$126$6,294
Insurance$2,823$321$64$3,208
Interest$1,323$150$30$1,503
Fees for Services Other$1,483--$1,483
Other Salaries and Wages$563$63$12$638
Other Expenses$281$32$6$319
Conferences and Meetings$143$16$3$162
Advertising$78$9$2$89
Travel$44$5$1$50
Total Functional Expenses$174,159$34,087$3,857$212,103
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
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, Page 6, Part VI, Line 11B

A copy of the 990 has been provided to the executive director for signature prior to the 990 being filed.

Form 990, Page 6, Part VI, Line 12C

If there is a conflict of interest, the board member abstains from the motion or vote. There have not been any other conflicts that have arisen to date. However, if there was, cclt and its board would take proper action to protect the organization.

Form 990, Page 6, Part VI, Line 15A

A salary survey was performed.

Form 990, Page 6, Part VI, Line 19

Governing documents and financial information are available upon request.

Filing and Contact Details

Filer

Filer Name
Lowry Community Land Trust
EIN
84-1601247
Address
1245 E COLFAX AVE SUITE 206, DENVER, CO 80218

Signing Officer

Name
Brad Weinig
Title
Board Chair
Signed
2021-09-27
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Brad Weinig
Formed
2001
Legal Domicile
Co
Voting Board Members
8
Independent Board Members
8
Employees
2

Preparer

Firm
Taylor Roth and Company
Address
800 GRANT ST STE 205, DENVER, CO 80203-2944
Preparer
Diane K Granger
Phone
3038308109
Supplemental Narrative

Financial Statement Notes

Schedule D, Page 2, Part IV, Line 1B

In 2020, the organization received grants from the state of colorado and the city and county of denver in which the intent of the funds was to assist the developer of the boulevard one project. The total amount of the disbursements made in 2020 was 172,000. These grants were not included in the financial statements of the organization as revenue or expense. The development was concluded in early 2020, and no more funds are being held.

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IRS990/ProgramServiceRevenueGrp/Desc0PAYMENT FROM AFFILIATE
IRS990/ProgramServiceRevenueGrp/Desc1LEASE ISSUE FEES
IRS990/ProgramServiceRevenueGrp/Desc2LEASE REISSUE FEES
IRS990/ProgramServiceRevenueGrp/Desc3APPLICATION FEES
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IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt151345
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt241561
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt31000
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IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt151345
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IRS990/PYInvestmentIncomeAmt0460
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IRS990/PYTotalExpensesAmt0306809
IRS990/PYTotalRevenueAmt0350284
IRS990/QuidProQuoContributionsInd0false
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IRS990/ReconcilationRevenueExpnssAmt056880
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IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0false
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RevenueAmt0213265
IRS990/SavingsAndTempCashInvstGrp/BOYAmt0105993
IRS990/SavingsAndTempCashInvstGrp/EOYAmt0106059
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearAmt055437
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus1YearAmt085139
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus2YearsAmt030237
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus3YearsAmt022973
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus4YearsAmt020950
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/TotalAmt0214736
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearAmt097
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus1YearAmt0460
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus2YearsAmt0303
IRS990ScheduleA/GrossInvestmentIncome509Grp/TotalAmt0860
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearAmt0213449
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus1YearAmt0264685
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus2YearsAmt0284108
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus3YearsAmt0266009
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus4YearsAmt0358147
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/TotalAmt01386398
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearAmt097
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IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus2YearsAmt0303
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IRS990ScheduleA/InvestmentIncomePYPct00.00000
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IRS990ScheduleA/PublicSupportPY509Pct00.99950
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IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus2YearsAmt0314345
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus3YearsAmt0288982
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus4YearsAmt0379097
IRS990ScheduleA/Total509Grp/TotalAmt01601134
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearAmt0268983
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IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus2YearsAmt0314648
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus3YearsAmt0288982
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus4YearsAmt0379097
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt01601994
IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorNum0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine20RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0RESTRICTED
IRS990/ScheduleBRequiredInd0true
IRS990ScheduleD/AgentTrusteeEtcInd0true
IRS990ScheduleD/EquipmentGrp/BookValueAmt04056
IRS990ScheduleD/EquipmentGrp/DepreciationAmt017988
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt022044
IRS990ScheduleD/InclEscrowCustodialAcctLiabInd0false
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0IN 2020, THE ORGANIZATION RECEIVED GRANTS FROM THE STATE OF COLORADO AND THE CITY AND COUNTY OF DENVER IN WHICH THE INTENT OF THE FUNDS WAS TO ASSIST THE DEVELOPER OF THE BOULEVARD ONE PROJECT. THE TOTAL AMOUNT OF THE DISBURSEMENTS MADE IN 2020 WAS 172,000. THESE GRANTS WERE NOT INCLUDED IN THE FINANCIAL STATEMENTS OF THE ORGANIZATION AS REVENUE OR EXPENSE. THE DEVELOPMENT WAS CONCLUDED IN EARLY 2020, AND NO MORE FUNDS ARE BEING HELD.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE D, PAGE 2, PART IV, LINE 1B
IRS990ScheduleD/TotalBookValueLandBuildingsAmt04056
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0A COPY OF THE 990 HAS BEEN PROVIDED TO THE EXECUTIVE DIRECTOR FOR SIGNATURE PRIOR TO THE 990 BEING FILED.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1IF THERE IS A CONFLICT OF INTEREST, THE BOARD MEMBER ABSTAINS FROM THE MOTION OR VOTE. THERE HAVE NOT BEEN ANY OTHER CONFLICTS THAT HAVE ARISEN TO DATE. HOWEVER, IF THERE WAS, CCLT AND ITS BOARD WOULD TAKE PROPER ACTION TO PROTECT THE ORGANIZATION.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2A SALARY SURVEY WAS PERFORMED.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3GOVERNING DOCUMENTS AND FINANCIAL INFORMATION ARE AVAILABLE UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PAGE 6, PART VI, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PAGE 6, PART VI, LINE 15A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PAGE 6, PART VI, LINE 19
IRS990ScheduleR/AssetExchangeInd0false
IRS990ScheduleR/AssetPurchaseFromOtherOrgInd0false
IRS990ScheduleR/AssetSaleToOtherOrgInd0false
IRS990ScheduleR/DivRelatedOrganizationInd0false
IRS990ScheduleR/GiftGrntCapContriFromOthOrgInd0false
IRS990ScheduleR/GiftGrntOrCapContriToOthOrgInd0false
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IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DirectControllingNACd0N/A
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt0COLORADO COMMUNITY LAND TRUST
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine2Txt0DENVER LLC
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/EIN0472778638
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ExemptCodeSectionTxt0501C3
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/LegalDomicileStateCd0CO
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PrimaryActivitiesTxt0LAND TRUST
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PublicCharityStatusTxt010
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/AddressLine1Txt01245 E COLFAX AVE
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/AddressLine2Txt0SUITE 206
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/CityNm0DENVER
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/StateAbbreviationCd0CO
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/ZIPCd080218
IRS990ScheduleR/LoansOrGuaranteesFromOthOrgInd0false
IRS990ScheduleR/LoansOrGuaranteesToOtherOrgInd0false
IRS990ScheduleR/PaidEmployeesSharingInd0true
IRS990ScheduleR/PerformOfServicesByOtherOrgInd0false
IRS990ScheduleR/PerformOfServicesForOthOrgInd0false
IRS990ScheduleR/ReceiptOfIntAnntsRntsRyltsInd0false
IRS990ScheduleR/ReimbursementPaidByOtherOrgInd0false

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