Denver, CO
4 risk indicators measuring financial stability and operational resilience
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Sign In — Free (10 views/day)Denver Dry Development Corporation, founded in 1992, is a community nonprofit in the Unknown sector that reported $1.1M in total revenue in fiscal year 2024. Revenue decreased 18% compared to the prior year. Expenses of $1.3M exceeded revenue, resulting in a 22% operating deficit.
To provide low-income housing developed in accordance with Section 42 of the IRC. Initially the Organization served as the general partner of a partnership that operated the property. In August of 2009, the Organization acquired the tax credit limited partnerb
The Organization acquired the interest in the project owned by the 99% Tax Credit Investor in August 2009. Subsequently the Organization restructured its debt with the City and County of Denver and...
The Organization acquired the interest in the project owned by the 99% Tax Credit Investor in August 2009. Subsequently the Organization restructured its debt with the City and County of Denver and the Denver Urban Renewal Authority. The first mortgage was also refinanced. These financial changes put the project owned by the Organization on a solid financial footing. The Organization continues to provide housing to low income persons in accordance with the Land Use Restriction Agreement. The project also contains commercial space which is leased to a not for profit trade organization.
Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency
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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)
Sign In — Free (10 views/day)| 2024 | 2023 | Change | |
|---|---|---|---|
| Revenue | $1,098,902 | $1,336,245 | -0.2% |
| Expenses | $1,345,793 | $1,325,568 | +0.0% |
| Net Income | $-246,891 | $10,677 | -24.1% |
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
Sign In| Name | Title | Hours/Week | Role | Reportable Comp | Other Comp | Total |
|---|---|---|---|---|---|---|
| Bill Pruter | Vice President | 1.00 |
Officer
Director
|
$0 | $0 | $0 |
| Tracy Huggins | President & Sec | 1.00 |
Officer
Director
|
$0 | $0 | $0 |
| Year | Revenue | Expenses | Assets | Net Income |
|---|---|---|---|---|
| 2024 | $1,098,902 | $1,345,793 | $4,201,012 | $-246,891 |
| 2023 | $1,336,245 | $1,325,568 | $4,561,935 | $10,677 |
| 2022 | $1,322,978 | $1,172,921 | $4,661,527 | $150,057 |
| 2021 | $1,267,262 | $1,124,972 | $4,613,547 | $142,290 |
| 2020 | $1,206,153 | $1,102,874 | $4,572,681 | $103,279 |
| 2019 | $1,208,632 | $1,133,883 | $4,707,508 | $74,749 |
| 2018 | $1,212,132 | $1,078,099 | $4,613,340 | $134,033 |
Compare Denver Dry Development Corporation with other nonprofits in Colorado and across the country.