COMMUNITY HOUSING DEVELOPMENT ASSOCIATION INC

EIN: 841316839 501(c)(3) Housing & Shelter

Greenwood Village, CO

Total Revenue
$4,443,663
Total Expenses
$2,398,444
Total Assets
$22,079,533
Net Assets
$19,220,039
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1995
Legal Domicile
CO
Principal Officer
JO ELLEN DAVIDSON
Phone
7207561940
Tax Period
2024-01-01 to 2024-12-31

COMMUNITY HOUSING DEVELOPMENT ASSOCIATION INC, founded in 1995, is a community nonprofit in the Housing & Shelter sector that reported $4.4M in total revenue in fiscal year 2024. Revenue decreased 14% compared to the prior year. The organization ran a surplus of $2.0M, a strong 46% operating margin.

Mission

THE ORGANIZATION'S PURPOSE IS TO DEVELOP, OWN, AND OPERATE AFFORDABLE HOUSING IN SOUTH METRO DENVER FOR LOW-INCOME AND SPECIAL NEEDS POPULATIONS.

Program Service Accomplishments

Program 1
Expenses: $942,825 Revenue: $4,043,550

THE ORGANIZATION IS DEDICATED TO THE ACQUISITION, DEVELOPMENT AND OPERATION OF AFFORDABLE RESIDENTIAL REAL ESTATE. THE ORGANIZATION CONTINUES TO SUPPORT ITS COMPLETED AFFORDABLE HOUSING PROPERTIES...

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THE ORGANIZATION IS DEDICATED TO THE ACQUISITION, DEVELOPMENT AND OPERATION OF AFFORDABLE RESIDENTIAL REAL ESTATE. THE ORGANIZATION CONTINUES TO SUPPORT ITS COMPLETED AFFORDABLE HOUSING PROPERTIES, PRESIDENTIAL ARMS, LARA LEA, WILLOW STREET, CANTERBURY APARTMENTS, FOX STREET, ASPEN LEAF, REGAL APARTMENTS, NINE MILE STATION SENIOR LIVING, AND SAPLING GROVE APARTMENTS. THE ORGANIZATION HAS PROVIDED LOANS TO THESE PROPERTIES TO ASSIST WITH THE ACQUISITION, CONSTRUCTION AND REHABILITATION OF THE PROPERTIES. THE ORGANIZATION RECEIVES DEVELOPMENT FEES DURING CONSTRUCTION AND REHABILITATION OF THE PROJECTS AND ALSO PROVIDES ADMINISTRATIVE SUPPORT DURING OPERATIONS OF THE PROPERTIES.

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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 (2024)

Revenue Breakdown

Contributions & Grants $400,113
Program Service Revenue $481,675
Investment Income $234,290
Other Revenue $3,327,585
TOTAL REVENUE $4,443,663

Expense Breakdown

Grants Paid $0
Salaries & Benefits $467,271
Fundraising Expenses $47,791
Program Expenses $942,825
Other Expenses $1,931,173
TOTAL EXPENSES $2,398,444

Year-over-Year Comparison

2024 2023 Change
Revenue $4,443,663 $5,194,572 -0.1%
Expenses $2,398,444 $1,371,552 +0.7%
Net Income $2,045,219 $3,823,020 -0.5%
Key Indicators
✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required
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Liquidity & Cash Position

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Governance

Voting Members
11
Independent Members
11
Employees
6
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
5
$149,224
Total Directors
12
$149,224
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
JO ELLEN DAVIDSON Executive Dir. 40.00
Officer Director
$149,224 $0 $149,224
BOB PIPKIN President 0.00
Officer Director
$0 $0 $0
SHARON LEONARD Vice President 0.00
Officer Director
$0 $0 $0
Kiersten Simonds Secretary 0.00
Officer Director
$0 $0 $0
RANDY BOOTON Treasurer 0.00
Officer Director
$0 $0 $0
ZUBEN BASTINI Director 0.00
Director
$0 $0 $0
AMRITPAL BYRD Director 0.00
Director
$0 $0 $0
Jackie Vega Director 0.00
Director
$0 $0 $0
LAURA CONRY Director 0.00
Director
$0 $0 $0
Leane Kramer Director 0.00
Director
$0 $0 $0
JAVONNI BUTLER Director 0.00
Director
$0 $0 $0
RENO CAROLLO Director 0.00
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 $4,443,663 $2,398,444 $22,079,533 $2,045,219
2023 $5,194,572 $1,371,552 $19,735,730 $3,823,020
2022 $656,022 $983,437 $15,018,800 $-327,415
2021 $666,648 $787,342 $14,996,226 $-120,694
2020 $1,891,657 $931,998 $15,127,020 $959,659
2019 $694,631 $708,416 $14,194,481 $-13,785
2018 $2,575,975 $696,268 $14,224,660 $1,879,707
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