ROCKY MOUNTAIN MUTUAL HOUSING ASSO… - 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

1992

Legal Domicile

Principal Officer

SU CHAE

Phone

7203059806

Tax Period

2023-01-01 to 2023-12-31

ROCKY MOUNTAIN MUTUAL HOUSING ASSOCIATION INC, founded in 1992, is a community nonprofit in the Housing & Shelter sector that reported $2.6M in total revenue in fiscal year 2023. Revenue decreased 5% compared to the prior year. Expenses of $3.6M exceeded revenue, resulting in a 37% operating deficit.

Mission

TO BUILD BRIGHTER FUTURES BY INVESTING IN RESIDENT FOCUSED AFFORDABLE HOUSING AND SERVICES, EMPOWERING INDIVIDUALS AND FAMILIES TO THRIVE.

Program Service Accomplishments

Program 1

Expenses: $2,207,002 Revenue: $1,922,368

ROCKY MOUNTAIN COMMUNITIES MANAGED AND OPERATED EIGHT INCOME RESTRICTED PROPERTIES. PROGRAMS AND SERVICES WERE PROVIDED AT FOUR PROPERTIES; INCLUDING SUMMER ENRICHMENT AND AFTERSCHOOL PROGRAMS AND...

ROCKY MOUNTAIN COMMUNITIES MANAGED AND OPERATED EIGHT INCOME RESTRICTED PROPERTIES. PROGRAMS AND SERVICES WERE PROVIDED AT FOUR PROPERTIES; INCLUDING SUMMER ENRICHMENT AND AFTERSCHOOL PROGRAMS AND PROGRAMS FOR SENIOR RESIDENTS.

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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 $695,068

Program Service Revenue $1,892,679

Investment Income $-8,142

Other Revenue $29,689

TOTAL REVENUE $2,609,294

Expense Breakdown

Grants Paid $0

Salaries & Benefits $2,393,343

Fundraising Expenses $584,979

Program Expenses $2,207,002

Other Expenses $1,182,505

TOTAL EXPENSES $3,575,848

Year-over-Year Comparison

	2023	2022	Change
Revenue	$2,609,294	$2,759,973	-0.1%
Expenses	$3,575,848	$3,148,111	+0.1%
Net Income	$-966,554	$-388,138	+1.5%

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

101

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

$408,390

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ANGEL HURTADO	VICE CHAIR	1.00	Officer Director	$0	$0	$0
ERIC NESBITT	DIRECTOR	1.00	Director	$0	$0	$0
GREG LITVAK	CHAIR	1.00	Officer Director	$0	$0	$0
JENNIFER VAGHER	DIRECTOR	1.00	Director	$0	$0	$0
JUNE WALLER	DIRECTOR	1.00	Director	$0	$0	$0
KATINA RYAN	DIRECTOR	1.00	Director	$0	$0	$0
LAUREN BERNSTEIN	DIRECTOR	1.00	Director	$0	$0	$0
MAX SEGALL	DIRECTOR	1.00	Director	$0	$0	$0
ROBERT WATTS	DIRECTOR	1.00	Director	$0	$0	$0
TOM KONKEL	SECRETARY/TREASURER	1.00	Officer Director	$0	$0	$0
DONTAE LATSON	OUTGOING-CEO	40.00	Officer	$195,006	$17,112	$212,118
MARK MARSHALL	CEO	40.00	Officer	$175,044	$21,228	$196,272
CHRIS FURLONG	DEVELOPMENT MANAGER	40.00	Highest	$100,999	$8,652	$109,651
CLAUDINA HRUBY	CONTROLLER	40.00	Highest	$100,871	$5,709	$106,580
GARRETT SLOTER	SR. ASSET MANAGER	40.00	Highest	$112,306	$10,162	$122,468
JUANITA RODRIGUEZ	VP OF RESIDENT SERVICES	40.00	Highest	$105,234	$10,201	$115,435
KARRIE SIMMONS	OUTGOING-VP OF FINANCE	40.00	Highest	$179,966	$22,116	$202,082

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	$2,609,294	$3,575,848	$16,427,680	$-966,554
2022	$2,759,973	$3,148,111	$15,334,959	$-388,138
2021	$2,653,017	$2,406,363	$13,042,876	$246,654
2020	$1,951,663	$2,016,131	$13,285,588	$-64,468
2019	$2,103,671	$2,204,608	$11,125,023	$-100,937
2018	$2,325,400	$1,822,430	$10,664,335	$502,970

ROCKY MOUNTAIN MUTUAL HOUSING ASSOCIATION INC