HOUSING RESOURCES OF WESTERN COLOR… - 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

1982

Legal Domicile

Principal Officer

EMILEE POWELL

Phone

9702412871

Tax Period

2024-07-01 to 2025-06-30

HOUSING RESOURCES OF WESTERN COLORADO, founded in 1982, is a community nonprofit that reported $7.9M in total revenue in fiscal year 2024. Expenses of $7.5M left a modest 5% surplus.

Mission

TO PROVIDE AFFORDABLE HOUSING AND TO PROMOTE THE WISE AND SUSTAINABLE USE OF THE EARTH'S RESOURCES.

Program Service Accomplishments

Program 1

Expenses: $3,643,108

WEATHERIZATION PROVIDES ENERGY EFFICIENCY IMPROVEMENTS TO LOW INCOME HOUSEHOLDS, AS WELL AS EMERGENCY NO-HEAT AND OTHER CRISIS REPAIRS. THE TEAM IMPROVES ABOUT 275 HOMES A YEAR AND ACHIEVES A 35%...

WEATHERIZATION PROVIDES ENERGY EFFICIENCY IMPROVEMENTS TO LOW INCOME HOUSEHOLDS, AS WELL AS EMERGENCY NO-HEAT AND OTHER CRISIS REPAIRS. THE TEAM IMPROVES ABOUT 275 HOMES A YEAR AND ACHIEVES A 35% AVERAGE IMPROVEMENT ON THE AIR LEAKAGE FOR WEATHERIZED HOMES. SINCE 1995, WE HAVE WEATHERIZED ABOUT 7,750 HOMES AND THE AVERAGE INCOME OF A WEATHERIZATION CLIENT IS ABOUT $20,000 ANNUALLY.

Program 2

Expenses: $1,942,566 Revenue: $2,126,203

RENTAL PROPERTY MANAGEMENT OWNS AND MANAGES 181 UNITS OF AFFORDABLE RENTAL HOUSING IN MESA COUNTY AND WORKS WITH A VARIETY OF FUNDING SOURCES TO HOLD RENTS WELL UNDER MARKET RATE. OUR PROPERTIES ARE HOME TO FAMILIES RANGING FROM EXTREMELY LOW INCOME TO MODEST INCOME AND WE TAKE PRIDE IN MAINTAINING THE HOMES TO HIGH STANDARDS.

Program 3

Expenses: $363,305

LENDING PROVIDES LOANS FOR BOTH HOME IMPROVEMENT AND HOME PURCHASE WITH LOW COSTS AND FLEXIBLE TERMS. THE LOANS ARE COMBINED WITH COACHING FROM THE HOUSING COUNSELING TEAM AS WELL AS CONSTRUCTION...

LENDING PROVIDES LOANS FOR BOTH HOME IMPROVEMENT AND HOME PURCHASE WITH LOW COSTS AND FLEXIBLE TERMS. THE LOANS ARE COMBINED WITH COACHING FROM THE HOUSING COUNSELING TEAM AS WELL AS CONSTRUCTION MANAGEMENT SERVICES. WE HAVE MADE ALMOST 400 HOME IMPROVEMENT LOANS SINCE 1991. OUR DOWNPAYMENT ASSISTANCE LOAN PROGRAM WAS JUST LAUNCHED IN JANUARY 2024 AND SINCE THEN HAS MADE 42 HOME PURCHASE ASSISTANCE LOANS.

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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 (2024)

Revenue Breakdown

Contributions & Grants $5,540,906

Program Service Revenue $2,287,918

Investment Income $85,945

Other Revenue $0

TOTAL REVENUE $7,914,769

Expense Breakdown

Grants Paid $8,543

Salaries & Benefits $3,496,063

Fundraising Expenses $129,367

Program Expenses $6,568,102

Other Expenses $3,988,641

TOTAL EXPENSES $7,493,247

Year-over-Year Comparison

	2024	2023	Change
Revenue	$7,914,769	$8,212,473	0.0%
Expenses	$7,493,247	$7,780,395	0.0%
Net Income	$421,522	$432,078	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

Governance

Voting Members

Independent Members

Employees

Volunteers

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

$192,066

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
STEPHANIE REECY	PRESIDENT	1.00	Officer Director	$0	$0	$0
JON BURNHAM	TREASURER	1.00	Officer Director	$0	$0	$0
KARIN WALKER	SECRETARY	1.00	Officer Director	$0	$0	$0
JOE CARTER	BOARD MEMBER	1.00	Director	$0	$0	$0
LINDA DANNENBERGER	BOARD MEMBER	1.00	Director	$0	$0	$0
IVY WILLIAMS	BOARD MEMBER	1.00	Director	$0	$0	$0
HANNAH SHILLING	BOARD MEMBER (AS OF MAY 2025)	1.00	Director	$0	$0	$0
VALERIA FLORES	BOARD MEMBER (AS OF JAN 25)	1.00	Director	$0	$0	$0
KEITH FIFE	BOARD MEMBER	1.00	Director	$0	$0	$0
EMILEE POWELL	EXECUTIVE DIRECTOR	38.00	Officer	$97,772	$25,137	$122,909
SHAWNA ALLEN	ACCOUNTING DIRECTOR	38.00	Officer	$66,304	$2,853	$69,157

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	$7,914,769	$7,493,247	$15,485,216	$421,522
2024	No data	No data	No data	No data
2023	$8,374,988	$7,436,601	$12,867,778	$938,387
2022	$5,958,383	$5,998,504	$12,451,233	$-40,121
2021	$5,673,057	$5,006,807	$12,309,032	$666,250
2020	$4,804,755	$4,557,299	$12,341,486	$247,456

HOUSING RESOURCES OF WESTERN COLORADO