CLARE OF ASSISI HOMES-WESTMINSTER INC

EIN: 742740978 501(c)(3)

DENVER, CO

Total Revenue
$578,994
Total Expenses
$630,765
Total Assets
$2,210,947
Net Assets
$2,081,742
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1995
Legal Domicile
CO
Principal Officer
SHELLY MARQUEZ
Phone
3038303300
Tax Period
2024-01-01 to 2024-12-31

CLARE OF ASSISI HOMES-WESTMINSTER INC, founded in 1995, is a small nonprofit that reported $579K in total revenue in fiscal year 2024. Revenue grew 8% year-over-year, indicating healthy expansion. Net assets of $2.1M represent 43 months of operating reserves.

Mission

CLARE OF ASSISI HOMES-WESTMINSTER, INC. WAS FORMED FOR THE PURPOSE OF OPERATING A 59-UNIT COMMUNITY LOCATED IN WESTMINSTER, COLORADO, WHICH PROVIDES HOUSING AND RELATED SERVICES FOR VERY LOW-INCOME ELDERLY OR DISABLED PERSONS. THE CORPORATION RECEIVES HOUSING ASSISTANCE AND LOANS FROM THE U.S. DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT PURSUANT TO SECTION 202 OF THE NATIONAL HOUSING ACT, AS AMENDED.

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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 $264,833
Program Service Revenue $299,662
Investment Income $9,307
Other Revenue $5,192
TOTAL REVENUE $578,994

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $612,849
Other Expenses $630,765
TOTAL EXPENSES $630,765

Year-over-Year Comparison

2024 2023 Change
Revenue $578,994 $535,522 +0.1%
Expenses $630,765 $589,387 +0.1%
Net Income $-51,771 $-53,865 0.0%
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
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
8
$1,729,931
Total Directors
3
$788,080
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
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
SHELLY MARQUEZ PRESIDENT/DIRECTOR 0.10
Officer Director
$0 $29,805 $284,440
CHAD PAYNE TREASURER 0.10
Officer
$0 $9,965 $211,480
ELLEN ABRAMS VICE PRESIDENT 0.10
Officer
$0 $27,036 $136,686
JOANNA CROSBY VICE PRESIDENT 0.10
Officer
$0 $11,882 $149,072
JOE ROSENBLUM SECRETARY 0.10
Officer
$0 $10,382 $242,964
KUHL BROWN VICE PRESIDENT 0.10
Officer
$0 $35,660 $201,649
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 $578,994 $630,765 $2,210,947 $-51,771
2023 $535,522 $589,387 $2,230,829 $-53,865
2022 $520,351 $629,717 $2,282,707 $-109,366
2021 $499,809 $600,167 $2,438,394 $-100,358
2020 $521,032 $611,155 $2,647,284 $-90,123
2019 $610,958 $547,591 $2,743,829 $63,367
2018 $484,635 $572,594 $2,507,672 $-87,959
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