COLORADO HOUSING ASSISTANCE CORPORATION

EIN: 742229383 501(c)(3) Housing & Shelter

DENVER, CO

Total Revenue
$1,570,717
Total Expenses
$1,680,254
Total Assets
$15,362,592
Net Assets
$13,447,830
🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Sign In — Free (10 views/day)

Financial Trends

Organization Details

Formation Year
1982
Legal Domicile
CO
Principal Officer
VERONICA WARE
Phone
3035729445
Tax Period
2023-07-01 to 2024-06-30

COLORADO HOUSING ASSISTANCE CORPORATION, founded in 1982, is a community nonprofit in the Housing & Shelter sector that reported $1.6M in total revenue in fiscal year 2023. Revenue surged 51% from the prior year, signaling strong growth momentum. Net assets of $13.4M represent 103 months of operating reserves.

Mission

PROVIDE EDUCATION, COUNSELING AND FINANCIAL ASSISTANCE TO LOW AND MODERATE INCOME HOMEOWNERS.

🔒

Trantor Score

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

Sign in to view Trantor Score and financial metrics

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

Sign In — Free (10 views/day)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $961,533
Program Service Revenue $410,883
Investment Income $195,176
Other Revenue $3,125
TOTAL REVENUE $1,570,717

Expense Breakdown

Grants Paid $826,186
Salaries & Benefits $612,195
Fundraising Expenses $0
Program Expenses $1,536,910
Other Expenses $241,873
TOTAL EXPENSES $1,680,254

Year-over-Year Comparison

2023 2022 Change
Revenue $1,570,717 $1,038,985 +0.5%
Expenses $1,680,254 $1,073,725 +0.6%
Net Income $-109,537 $-34,740 +2.2%
Key Indicators
✗ Grants to Organizations ✓ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required
🔒

Financial Health Indicators

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

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

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

Sign In

Governance

Voting Members
12
Independent Members
12
Employees
7
Volunteers
12

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
$247,200
Total Directors
12
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
MICHELLE MITCHELL PRESIDENT 40.00
Officer
$122,072 $3,662 $125,734
LINDA NAPIER VICE PRESIDE 40.00
Officer
$117,928 $3,538 $121,466
DAN MCMAHON BOARD CHAIR 1.00
Officer Director
$0 $0 $0
NAOMI HUBERT VICE CHAIR 1.00
Officer Director
$0 $0 $0
LARRY NELSON SECRETARY 1.00
Officer Director
$0 $0 $0
SUSAN ALIRES ASST. SECRET 1.00
Officer Director
$0 $0 $0
WILLIAM STEITZ TREASURER 1.00
Officer Director
$0 $0 $0
MICHAEL GILBERT BOARD MEMBER 1.00
Director
$0 $0 $0
RODGER HARA BOARD MEMBER 1.00
Director
$0 $0 $0
ROBERT HAMPTON BOARD MEMBER 1.00
Director
$0 $0 $0
LEAH DIRKS BOARD MEMBER 1.00
Director
$0 $0 $0
SHERAP THARCHEN BOARD MEMBER 1.00
Director
$0 $0 $0
JOSH CASHMAN BOARD MEMBER 1.00
Director
$0 $0 $0
IRENE WEHRWEIN BOARD MEMBER 1.00
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
2025 No data No data No data No data
2024 $1,570,717 $1,680,254 $15,362,592 $-109,537
2023 $1,038,985 $1,073,725 $15,310,203 $-34,740
2022 $1,293,432 $756,652 $14,417,448 $536,780
2021 $1,229,308 $1,033,589 $14,050,502 $195,719
2020 $937,523 $757,446 $13,949,338 $180,077
2019 $1,083,050 $707,515 $13,829,210 $375,535
2018 $1,128,404 $600,108 $13,579,709 $528,296
Explore More Nonprofits
→Top 100 Nonprofits in Colorado →Largest U.S. Nonprofits →Best Rated Nonprofits →Most Efficient Nonprofits

Compare COLORADO HOUSING ASSISTANCE CORPORATION with other nonprofits in Colorado and across the country.

We Value Your Privacy
We use cookies and similar technologies to analyze site traffic and improve your experience. By clicking "Accept All", you consent to our use of cookies for analytics and measurement.