ASSISI HOMES - COLONY PARK INC

EIN: 364039278 501(c)(3)

DENVER, CO

Total Revenue
$4,118,204
Total Expenses
$3,452,791
Total Assets
$10,529,350
Net Assets
$-3,776,173
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1995
Legal Domicile
IL
Principal Officer
MARK ANGELINI
Phone
3038303300
Tax Period
2024-01-01 to 2024-12-31

ASSISI HOMES - COLONY PARK INC, founded in 1995, is a community nonprofit that reported $4.1M in total revenue in fiscal year 2024. The organization ran a surplus of $665K, a strong 16% operating margin.

Mission

ASSISI HOMES - COLONY PARK, INC. IS A NONPROFIT ORGANIZATION FORMED IN 1995, IN ACCORDANCE WITH THE NOT-FOR-PROFIT STATUTES OF THE STATE OF ILLINOIS FOR THE PURPOSE OF PROVIDING HOUSING AND RELATED SERVICES FOR VERY LOW AND LOW-INCOME PERSONS IN CAROL STREAM, ILLINOIS, WITH HOUSING ASSISTANCE, MORTGAGES AND GRANTS FROM THE U.S DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT PURSUANT TO SECTION 236 OF THE NATIONAL HOUSING ACT.

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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 $2,622,316
Program Service Revenue $1,443,064
Investment Income $32,028
Other Revenue $20,796
TOTAL REVENUE $4,118,204

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $3,377,459
Other Expenses $3,452,791
TOTAL EXPENSES $3,452,791

Year-over-Year Comparison

2024 2023 Change
Revenue $4,118,204 $3,926,477 +0.0%
Expenses $3,452,791 $3,499,444 0.0%
Net Income $665,413 $427,033 +0.6%
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

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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
3
Independent Members
N/A
Employees
N/A
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
7
$1,622,408
Total Directors
3
$746,604
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
JOE ROSENBLUM SECRETARY/DIRECTOR 0.10
Officer Director
$0 $10,382 $242,964
KASSIDI BOENING VICE PRESIDENT/DIRECTOR 0.10
Officer Director
$0 $31,209 $195,151
MELISSA CLAYTON VICE PRESIDENT/DIRECTOR 0.10
Officer Director
$0 $35,478 $308,489
CHAD PAYNE TREASURER 0.10
Officer
$0 $9,965 $211,480
FATMAH FARRAJ VICE PRESIDENT 0.10
Officer
$0 $12,126 $183,363
MARK ANGELINI PRESIDENT 0.10
Officer
$0 $12,045 $264,448
EDGAR FLAGG III VICE PRESIDENT 0.10
Officer
$0 $28,195 $216,513
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 $4,118,204 $3,452,791 $10,529,350 $665,413
2023 $3,926,477 $3,499,444 $10,758,453 $427,033
2022 $3,963,788 $3,329,774 $11,127,674 $634,014
2021 $3,822,968 $3,392,187 $11,208,768 $430,781
2020 $3,847,380 $3,335,266 $11,698,166 $512,114
2019 $3,872,425 $3,125,267 $13,711,999 $747,158
2018 $3,958,743 $3,022,746 $13,747,445 $935,997
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