Civic Intelligence

We Fortify

990 • Fiscal year 2023 • EIN 84-3045036

Jan 01, 2023 to Dec 31, 2023 • Filed on May 15, 2024

1816 Wood AvenueColorado Springs, CO 80907

(719) 232-1252

Siviq Scores

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

Liabilities / Assets

51st percentile

0.07x

Higher debt load relative to assets than 51% of similar nonprofits.

2023 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2023

Liabilities / Revenue

63rd percentile

0.18x

Higher debt load relative to revenue than 63% of similar nonprofits.

2023 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2023

Net Margin

71st percentile

17%

Higher net margin than 71% of similar nonprofits.

2023 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2023

Top Officer Pay

41st percentile

$9,000

Higher top officer pay than 41% of similar nonprofits.

Top officer pay equals 1.3% of source-year revenue.

2023 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2023

Asset Growth

72nd percentile

15%

Faster asset growth than 72% of similar nonprofits.

2023 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2022 to 2023

Revenue Growth

19th percentile

-17%

Faster revenue growth than 19% of similar nonprofits.

2023 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2022 to 2023

Assets

Up

$1,688,110

Up $226,443 (+15%) from 2022

Net Assets

Up

$1,565,522

Up $112,811 (+7.8%) from 2022

Liabilities

Up

$122,588

Up $113,632 (+1269%) from 2022

Revenue

Down

$673,895

Down $135,986 (-17%) from 2022

Expenses

Up

$561,084

Up $237,674 (+73%) from 2022

Net Income

Down

$112,811

Down $373,660 (-77%) from 2022

Historical Trend

Balance Sheet Trend

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

$3.0M$2.0M$1.0M$0Assets 2021: $925,083Liabilities 2021: $5,563Net Assets 2021: $919,5202021Assets 2022: $1,461,667Liabilities 2022: $8,956Net Assets 2022: $1,452,7112022Assets 2023: $1,688,110Liabilities 2023: $122,588Net Assets 2023: $1,565,5222023Assets 2024: $2,586,719Liabilities 2024: $6,650Net Assets 2024: $2,580,0692024

Highlighted filing

2023

Assets$1,688,110
Liabilities$122,588
Net Assets$1,565,522

Operations Trend

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

$2.0M$1.5M$1.0M$500K$0Revenue 2021: $861,134Expenses 2021: $118,520Net Income 2021: $742,6142021Revenue 2022: $809,881Expenses 2022: $323,410Net Income 2022: $486,4712022Revenue 2023: $673,895Expenses 2023: $561,084Net Income 2023: $112,8112023Revenue 2024: $1,711,713Expenses 2024: $695,128Net Income 2024: $1,016,5852024

Highlighted filing

2023

Revenue$673,895
Expenses$561,084
Net Income$112,811
Jump To
Filing Snapshot
Filing Period
Jan 1, 2023 to Dec 31, 2023
Signed
May 15, 2024
Return Version
2023v5.1
Gross Receipts
$701,083
Mission and Program Overview

Mission

To provide low cost housing for young individuals who are at risk of homelessness, and assist them in developing the necessary skills to be independent.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$1,291,302$1,620,415▲ $329,113
Rtn Earn Endowment Incm Other Fnds$1,452,525$1,565,336▲ $112,811
Cash and Non-Interest-Bearing Accounts$141,905$39,252▼ $102,653
Accounts Receivable$28,460$28,443▼ $17
Pd in Cap Srpls Land Bldg Eqp Fund$186$186→ $0
Savings and Temporary Cash Investments$0$0→ $0
Other Notes and Loans Receivable, Net$0$0→ $0
Pledges and Grants Receivable$0$0→ $0
Receivable From Disqualified Prsn$0$0→ $0
Receivables From Officers Etc$0$0→ $0
Investments Other Securities$0$0→ $0
Investments Program Related$0$0→ $0
Investments in Publicly Traded Securities$0$0→ $0
Cap Stk Tr Prin Current Funds$0$0→ $0
Intangible Assets$0$0→ $0
Inventories for Sale or Use$0$0→ $0
Loans From Officers Directors$0$0→ $0
Prepaid Expenses and Deferred Charges$0$0→ $0
Total Assets$1,461,667$1,688,110▲ $226,443
Other Assets Total$0$0→ $0
Liabilities
Mortgage Notes Payable Secured by Investment Property$0$105,000▲ $105,000
Accounts Payable and Accrued Expenses$8,956$17,588▲ $8,632
Grants Payable$0$0→ $0
Unsecured Notes Loans Payable$0$0→ $0
Other Liabilities$0$0→ $0
Deferred Revenue$0$0→ $0
Escrow Account Liability$0$0→ $0
Tax Exempt Bond Liabilities$0$0→ $0
Total Liabilities$8,956$122,588▲ $113,632
Net Assets / Fund Balance
Total Net Assets Fund Balance$1,452,711$1,565,522▲ $112,811
Total Liabilities and Net Assets / Fund Balance$1,461,667$1,688,110▲ $226,443

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$1,241,972$65,070$1,307,042
Leasehold Improvements$309,684$41,079$350,763
Equipment$24,820$56,289$81,109
Other Land Buildings$43,939$10,429$54,369
Compensation and Service Providers

Employees

NameTitleBaseTotal
Shelley JensenCEO$9,000$9,000

Board Members and Trustees

NameTitle
mary biggaboard chair
Daniel CampaaBoard Member
Mark Anthony BarrionuevoCo-director of Legal Affairs
Ryan KleinCo-director of Legal Affairs
Jeni SmithDirector of Development
john olsondirector of planning
James McMurraysecretary
Jill Gaeblertreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$599,248
Program Service Revenue
$71,444
Investment Income
$0
Other Revenue
$3,203
All Other Contributions
$481,996
Change in Net Assets
$112,811
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$391,442
Salaries, Compensation, and Employee Benefits$153,129
Professional Fundraising Fees$11,526
Total Fundraising Expense$11,526
Grants and Similar Amounts Paid$4,987

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$120,104$13,345-$133,449
Occupancy$117,593--$117,593
Depreciation Depletion$84,676--$84,676
Advertising$32,835$3,648-$36,483
Fees for Services Other$32,480--$32,480
Insurance$16,190$2,910-$19,100
Information Technology$12,323$3,802-$16,125
Fees for Services Accounting-$15,440-$15,440
Fees for Services Professional Fundraising--$11,526$11,526
Payroll Taxes$9,612$1,068-$10,680
Current Officers, Directors, Trustees, and Key Employees$8,100$900-$9,000
Other Expenses$8,077$897$0$8,974
Interest-$7,377-$7,377
Office Expenses$2,871$2,489-$5,360
Grants to Domestic Individuals$4,987--$4,987
Conferences and Meetings$1,142$1,700-$2,842
Travel$298--$298
Total Functional Expenses$493,707$55,851$11,526$561,084
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$28,500
Fundraising Direct Expenses$27,188
Professional Fundraising Fees$11,526
Gaming Direct Expenses$0
Gaming Gross Income$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Gala Not Gala$76,500$26,500$1,168$25,332
Luncheon$2,000$2,000$983$1,017
Total Events$78,500$28,500$27,188$1,312
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
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
Yes
Annual disclosure for covered persons
Yes
Audit committee
No
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
No
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 11 B

Prior to filing, a draft of form 990 is reviewed and approved by the board of directors.

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

At each board meeting, if there is a discussion of selecting or engaging a vendor or service provider, all in attendance are asked to recuse themselves from this discussion if there could be a perceived conflict. Annually, the organization reviews and discusses the conflict of interest policy and requests that each board member list and acknowledge any known conflicts.

Form 990, Part VI, Section C, Line 19

The governing documents, conflict of interest policy, and Form 990 are available upon request.

Filing and Contact Details

Filer

Filer Name
We Fortify
EIN
84-3045036
In Care Of
% WE FORTIFY
Phone
7192321252
Address
1816 Wood Avenue, Colorado Springs, CO 80907
Doing Business As
Working Fusion

Signing Officer

Name
Shelley Jensen
Title
CEO
Phone
7192321252
Signed
2024-05-15
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Shelley Jensen
Formed
2019
Legal Domicile
Co
Voting Board Members
8
Independent Board Members
8
Employees
5
Volunteers
21

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

Additional Explanations

Form 990, Part III , Line 4A Continued

We do this by providing safe dignified housing within a small supportive community, individualized trauma-responsive therapies, life skills education, and living wage career placement. WE ARE A HOMELESS PREVENTION INITIATIVE. This is generational shift : one person, one neighborhood, one community at a time. Working Fusion at Mill Street is for young adults between the ages of 18 and 25 who: -Will benefit from close proximity to access support services -Are able and motivated to be self-sufficient -Often through no fault of their own, are at extreme risk for becoming, have been, or are situationally homeless -Have the desire to live a life of purpose and independence In the short time since Working Fusion launched, our residents are growing and moving their lives forward. Among their accomplishments: Two residents have graduated from the program! One is working in a living wage career position with 401k, paid time off and healthcare, and the other is continuing their education at UCCS. Many are in school finishing high school, GEDs, and college courses. Some are working to stabilize areas of their lives including mental health and/or legal issues so they can start or return to school. Two will be graduating with their Associate's Degrees this year.

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IRS990/MissionDesc0TO PROVIDE LOW COST HOUSING FOR YOUNG INDIVIDUALS WHO ARE AT RISK OF HOMELESSNESS, AND ASSIST THEM IN DEVELOPING THE NECESSARY SKILLS TO BE INDEPENDENT.
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IRS990/OfficeExpensesGrp/TotalAmt05360
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IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt010429
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