CHAFFEE HOUSING TRUST

EIN: 262123010 501(c)(3) Housing & Shelter

BUENA VISTA, CO

Total Revenue
$2,004,491
Total Expenses
$481,453
Total Assets
$17,040,833
Net Assets
$6,001,526
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Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year
2007
Legal Domicile
CO
Principal Officer
KEITH R MCCULLOCH
Phone
7192391199
Tax Period
2024-01-01 to 2024-12-31

CHAFFEE HOUSING TRUST, founded in 2007, is a community nonprofit in the Housing & Shelter sector that reported $2.0M in total revenue in fiscal year 2024. Revenue surged 244% from the prior year, signaling strong growth momentum. The organization ran a surplus of $1.5M, a strong 76% operating margin.

Mission

PROVIDE AFFORDABLE HOME OWNERSHIP AND RENTAL OPPORTUNITIES TO INDIVIDUALS, FAMILIES, AND HOUSEHOLDS EARNING BELOW CERTAIN PERCENTAGES (80%, 60%, & 120%) OF THE AREA MEDIAN INCOME

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $1,937,085
Program Service Revenue $6,611
Investment Income $2,846
Other Revenue $57,949
TOTAL REVENUE $2,004,491

Expense Breakdown

Grants Paid $58,694
Salaries & Benefits $151,710
Fundraising Expenses $0
Program Expenses $217,115
Other Expenses $271,049
TOTAL EXPENSES $481,453

Year-over-Year Comparison

2024 2023 Change
Revenue $2,004,491 $583,435 +2.4%
Expenses $481,453 $987,891 -0.5%
Net Income $1,523,038 $-404,456 -4.8%
Key Indicators
✓ Grants to Organizations ✓ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✗ Schedule B Required
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Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

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Governance

Voting Members
9
Independent Members
9
Employees
4
Volunteers
N/A

Governance Policies

✗ Conflict of Interest Policy
✗ Whistleblower Policy
✗ Document Retention Policy

Special Practices & Reported Activities

✗ Operated a School
✗ Operated a Hospital
✗ Provided First Class Travel
✗ Reported Conflict of Interest
✗ Reported Asset Diversion
✗ Excess Benefit Transaction
✗ Made Political Expenditures
✗ Engaged in Lobbying
✗ Operated Donor Advised Fund
✗ Maintained Art Collections
✗ Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
1
$0
Total Directors
12
$0
Key Employees
1
$114,503
Highest Compensated
1
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
KEN MATTHEWS PRESIDENT 0.50
Officer Director
$0 $0 $0
CHERYL KOVACIC-BROWN VICE-PRESIDNET 0.50
Director
$0 $0 $0
RACHEL WOOLWORTH SECRETARY 0.50
Director
$0 $0 $0
EILEEN ROGERS TREASURER 0.50
Director
$0 $0 $0
KEITH BAKER DIRECTOR 0.50
Director
$0 $0 $0
SAVANNA KLIMESH DIRECTOR 0.50
Director
$0 $0 $0
ALEX RESTREPO DIRECTOR 0.50
Director
$0 $0 $0
CHRISTINE ENGLE DIRECTOR 0.50
Director
$0 $0 $0
CHRISTIAN LUNA-LEAL DIRECTOR 0.50
Director
$0 $0 $0
KEITH READ MCCULLOCH EXECUTIVE DIRECTOR 40.00
Key Emp Highest
$114,503 $0 $114,503
EARL PFEIFFER ADVISORY BOARD 0.50
Director
$0 $0 $0
DON STEPHENS ADVISORY BOARD 0.50
Director
$0 $0 $0
GREG FOLLET ADVISORY BOARD 0.50
Director
$0 $0 $0
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2024 $2,004,491 $481,453 $17,040,833 $1,523,038
2023 $583,435 $987,891 $7,843,611 $-404,456
2022 $1,783,502 $391,625 $5,504,188 $1,391,877
2021 $1,026,057 $393,247 $4,439,148 $632,810
2020 $367,349 $205,143 $2,484,220 $162,206
2019 $472,747 $138,566 $1,638,431 $334,181
2019 $393,808 $146,154 $1,553,881 $247,654
2019 $867,466 $133,841 $2,039,852 $733,625
2018 $507,004 $66,502 $1,565,466 $440,502
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