ASPEN PITKIN EMPLOYEE HOUSING INC

EIN: 840815772 501(c)(3)

CARBONDALE, CO

Total Revenue
$689,034
Total Expenses
$485,010
Total Assets
$4,316,500
Net Assets
$3,791,742
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1978
Legal Domicile
CO
Principal Officer
SHERI SANZONE
Phone
9709276800
Tax Period
2023-01-01 to 2023-12-31

ASPEN PITKIN EMPLOYEE HOUSING INC, founded in 1978, is a small nonprofit that reported $689K in total revenue in fiscal year 2023. The organization ran a surplus of $204K, a strong 30% operating margin.

Mission

DEVELOPMENT AND MANAGEMENT OF RESIDENTIAL HOUSING FOR LOW & MODERATE INCOME EMPLOYEES OF THE ROARING FORK VALLEY IN COLORADO.

Program Service Accomplishments

Program 1
Expenses: $485,010 Revenue: $523,088

DEVELOPMENT AND MANAGEMENT OF RESIDENTIAL HOUSING FOR LOW AND MODERATE INCOME EMPLOYEES OF THE ROARING FORK VALLEY IN COLORADO. THE ORGANIZATION OWNS AND MANAGES A 33 UNIT PROPERTY THAT PROVIDES...

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DEVELOPMENT AND MANAGEMENT OF RESIDENTIAL HOUSING FOR LOW AND MODERATE INCOME EMPLOYEES OF THE ROARING FORK VALLEY IN COLORADO. THE ORGANIZATION OWNS AND MANAGES A 33 UNIT PROPERTY THAT PROVIDES WORKFORCE HOUSING IN A HIGH COST OF LIVING RESORT TOWN.

Program 2
Expenses: $0

THE ORGANIZATION IS THE GENERAL PARTNER IN A LOW INCOME HOUSING TAX CREDIT (LIHTC) PROJECT WITH 30 UNITS THAT PROVIDES AFFORDABLE HOUSING UNITS WITH SEVERAL UNITS OFFERING HOUSING SUBSIDIES.

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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 (2023)

Revenue Breakdown

Contributions & Grants $65,000
Program Service Revenue $523,088
Investment Income $100,946
Other Revenue $0
TOTAL REVENUE $689,034

Expense Breakdown

Grants Paid $0
Salaries & Benefits $100,745
Fundraising Expenses $0
Program Expenses $485,010
Other Expenses $384,265
TOTAL EXPENSES $485,010

Year-over-Year Comparison

2023 2022 Change
Revenue $689,034 $717,419 0.0%
Expenses $485,010 $430,597 +0.1%
Net Income $204,024 $286,822 -0.3%
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

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Governance

Voting Members
6
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
2
$100,745
Total Directors
6
$100,745
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
WAYNE STRYKER PRESIDENT 0.50
Officer Director
$0 $0 $0
TIM WITTSIT DIRECTOR 0.50
Director
$0 $0 $0
SHERI SANZONE EXECUTIVE DIRECTOR,SECT/TR 8.00
Officer Director
$100,745 $0 $100,745
PAUL MENTER DIRECTOR 0.50
Director
$0 $0 $0
DEAN FILISS DIRECTOR 0.50
Director
$0 $0 $0
MATTHEW HUNT DIRECTOR 0.50
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
2024 No data No data No data No data
2023 $689,034 $485,010 $4,316,500 $204,024
2022 $717,419 $430,597 $4,088,154 $286,822
2021 $1,108,321 $411,121 $3,802,475 $697,200
2020 $622,298 $392,373 $3,118,647 $229,925
2019 $477,727 $372,583 $3,109,034 $105,144
2018 $448,695 $325,973 $2,466,401 $122,722
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