DEL NORTE NEIGHBORHOOD DEVELOPMENT… - Form 990 Financial Data

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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

1978

Legal Domicile

Principal Officer

HEIDI PETERSON

Phone

3034774774

Tax Period

2023-01-01 to 2023-12-31

DEL NORTE NEIGHBORHOOD DEVELOPMENT CORPORATION, founded in 1978, is a community nonprofit in the Housing & Shelter sector that reported $4.3M in total revenue in fiscal year 2023. Revenue grew 17% year-over-year, indicating healthy expansion. Expenses of $4.1M left a modest 5% surplus.

Mission

TO CREATE AND PRESERVE LOW INCOME HOUSING AND OTHER OPPORTUNITIES FOR UNDER SERVED HOUSEHOLDS, INCLUDING THOSE WITH LOW TO MODERATE INCOME THAT ARE SPANISH SPEAKING AND THOSE WITH SPECIAL NEEDS.

Program Service Accomplishments

Program 1

Expenses: $2,761,552 Revenue: $2,098,390

OPERATE DECENT, SAFE, AND SANITARY HOUSING AFFORDABLE TO ALL LOW INCOME TO RESIDENTS, INCLUDING THE ELDERLY, DISABLED, AND SPECIAL NEEDS FAMILIES AND INDIVIDUALS WITHIN THE DENVER METRO AREA

Program 2

Expenses: $1,982 Revenue: $280,983

PROVIDE ONE-ON-ONE COUNSELING TO FAMILIES AND INDIVIDUALS LOW/MODERATE-INCOME WITH THE PURPOSE OF HELPING THEM TO REACH THEIR GOAL OF PURCHASING A HOME. IN ONE-ON-ONE COUNSELING THE FAMILIES WILL...

PROVIDE ONE-ON-ONE COUNSELING TO FAMILIES AND INDIVIDUALS LOW/MODERATE-INCOME WITH THE PURPOSE OF HELPING THEM TO REACH THEIR GOAL OF PURCHASING A HOME. IN ONE-ON-ONE COUNSELING THE FAMILIES WILL LEARN HOW TO BUDGET, HOW TO BUILD AND ESTABLISH CREDIT, HOW TO SAVE, LENDING PROCESS AND MORTGAGE OPTIONS, BE AWARE OF PREDATORY LENDERS AND HOME MAINTENANCE.

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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%)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $662,934

Program Service Revenue $2,054,295

Investment Income $1,620,286

Other Revenue $0

TOTAL REVENUE $4,337,515

Expense Breakdown

Grants Paid $0

Salaries & Benefits $956,238

Fundraising Expenses $0

Program Expenses $2,763,534

Other Expenses $3,169,057

TOTAL EXPENSES $4,125,295

Year-over-Year Comparison

	2023	2022	Change
Revenue	$4,337,515	$3,693,578	+0.2%
Expenses	$4,125,295	$4,314,780	0.0%
Net Income	$212,220	$-621,202	-1.3%

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

Governance

Voting Members

Independent Members

Employees

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

$165,897

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DEBORAH ORTEGA	PRESIDENT	1.00	Officer Director	$0	$0	$0
DOLORES MORENO	DIRECTOR	1.00	Director	$0	$0	$0
FEDERICO ALVAREZ	DIRECTOR	1.00	Director	$0	$0	$0
JUDE DEL HIERRO	DIRECTOR	1.00	Director	$0	$0	$0
JOANNA MARTINEZ	DIRECTOR	1.00	Director	$0	$0	$0
TIMOTHY SANDOS	DIRECTOR	1.00	Director	$0	$0	$0
TAMMIE CARROL	DIRECTOR	1.00	Director	$0	$0	$0
JOE LASSER	DIRECTOR	1.00	Director	$0	$0	$0
HEIDI PETERSON	EXECUTIVE DIRECTOR	40.00	Officer	$148,822	$17,075	$165,897

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	No data	No data	No data	No data
2023	$4,337,515	$4,125,295	$30,481,983	$212,220
2022	$3,693,578	$4,314,780	$33,211,488	$-621,202
2021	$3,468,317	$3,754,324	$34,154,860	$-286,007
2020	$4,399,693	$3,896,526	$34,640,248	$503,167
2019	$7,145,006	$6,594,475	$33,225,309	$550,531
2018	$3,502,125	$3,542,017	$32,141,831	$-39,892

DEL NORTE NEIGHBORHOOD DEVELOPMENT CORPORATION