BROTHERS REDEVELOPMENT INC (EIN 840615347) - Form 990 Financial Analysis & Trantor Score

🔒

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

Financial Trends

Organization Details

Formation Year

1973

Legal Domicile

Principal Officer

JEFF MARTINEZ

Phone

3032026340

Tax Period

2023-10-01 to 2024-09-30

BROTHERS REDEVELOPMENT INC, founded in 1973, is a mid-sized nonprofit in the Housing & Shelter sector that reported $31.2M in total revenue in fiscal year 2023. Revenue grew 20% year-over-year, indicating healthy expansion. Expenses of $28.9M left a modest 8% surplus.

Mission

TO PROVIDE SAFE, AFFORDABLE, ACCESSIBLE HOUSING AND HOUSING SERVICES FOR THELOW-INCOME, ELDERLY AND DISABLED OF COLORADO.

🔒

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%)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $21,346,506

Program Service Revenue $9,335,084

Investment Income $255,823

Other Revenue $286,442

TOTAL REVENUE $31,223,855

Expense Breakdown

Grants Paid $0

Salaries & Benefits $6,192,061

Fundraising Expenses $0

Program Expenses $25,108,144

Other Expenses $22,673,238

TOTAL EXPENSES $28,865,299

Year-over-Year Comparison

	2023	2022	Change
Revenue	$31,223,855	$26,084,426	+0.2%
Expenses	$28,865,299	$24,022,680	+0.2%
Net Income	$2,358,556	$2,061,746	+0.1%

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

Governance

Voting Members

Independent Members

Employees

156

Volunteers

2206

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

$196,200

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
CHAD H MITCHELL	CHAIRMAN	3.00	Officer Director	$0	$0	$0
LARRY AUBRECHT	TREASURER	3.00	Officer Director	$0	$0	$0
JOYCELYN GARDNER	DIRECTOR	2.00	Director	$0	$0	$0
WILLIAM M CHRISTOPHER	DIRECTOR	2.00	Director	$0	$0	$0
JENNIFER HAYNES	VICE CHAIR	2.00	Officer Director	$0	$0	$0
LYNN ARCHULETA	DIRECTOR	2.00	Director	$0	$0	$0
JOHN RINDERKNECHT	DIRECTOR	2.00	Director	$0	$0	$0
MARGARET TURCO	DIRECTOR	2.00	Director	$0	$0	$0
JANINE HALVERSON	SECRETARY	3.00	Officer Director	$0	$0	$0
KATIE MCKENNA	DIRECTOR	2.00	Director	$0	$0	$0
JIM TANZILLO	DIRECTOR	2.00	Director	$0	$0	$0
JEFF MARTINEZ	PRESIDENT	55.00	Officer	$171,118	$25,082	$196,200

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	$31,223,855	$28,865,299	$43,361,919	$2,358,556
2023	$26,084,426	$24,022,680	$45,139,539	$2,061,746
2022	$23,000,953	$21,873,787	$36,260,929	$1,127,166
2022	$23,520,101	$22,430,120	$38,377,107	$1,089,981
2021	$21,890,998	$19,582,436	$28,566,111	$2,308,562
2020	$12,319,429	$12,353,913	$26,156,645	$-34,484
2019	$7,365,170	$5,731,333	$21,579,241	$1,633,837
2018	$5,054,380	$4,581,531	$18,868,729	$472,849

BROTHERS REDEVELOPMENT INC