BOULDER HOUSING COALITION

EIN: 841455089 501(c)(3) Housing & Shelter

Denver, CO

Total Revenue
$717,250
Total Expenses
$759,076
Total Assets
$4,542,905
Net Assets
$1,651,014
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1999
Legal Domicile
CO
Principal Officer
Kurt Nordback
Phone
3038832526
Tax Period
2023-01-01 to 2023-12-31

BOULDER HOUSING COALITION, founded in 1999, is a small nonprofit in the Housing & Shelter sector that reported $717K in total revenue in fiscal year 2023. Net assets of $1.7M represent 28 months of operating reserves.

Mission

Provide affordable cooperative housing to the people of Boulder County, Colorado.

Program Service Accomplishments

Program 1
Expenses: $322,797 Revenue: $327,864

North Haven Community Ownership LLC owns & manages 2 permanently affordable rental cooperatives in Boulder, Colorado. The majority of the 40 low income residents living in these properties earn below...

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North Haven Community Ownership LLC owns & manages 2 permanently affordable rental cooperatives in Boulder, Colorado. The majority of the 40 low income residents living in these properties earn below 30% of the area's median income. The houses were purchased with the help of affordable housing grants from the City of Boulder and the County of Boulder. All of the buildings are owned in partnership with Boulder Housing Partners. By state statute, this provides a property tax exemption. North Haven Community Ownership LLC participates in the education programs described under activity 4b, Boulder Housing Coalition.

Program 2
Expenses: $255,762 Revenue: $259,776

Boulder Housing Coalition owns & manages 2 permanently affordable rental cooperatives in Boulder, Colorado. The majority of the 25 low income residents living in these properties earn below 30% of...

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Boulder Housing Coalition owns & manages 2 permanently affordable rental cooperatives in Boulder, Colorado. The majority of the 25 low income residents living in these properties earn below 30% of the area's median income. The houses were purchased with the help of affordable housing grants from the City of Boulder and the County of Boulder. All of the buildings are owned in partnership with Boulder Housing Partners. By state statute, this provides a property tax exemption. In addition, Boulder Housing Coalition has an education program that offers cooperative living skills, mediation skills, and social justice education. These programs reached 100 people in 2023.

Program 3
Expenses: $95,000 Revenue: $100,000

Catalyst Public Utility Data Liberation (PUDL) Project: The decarbonization of the US electricity system is essential to protecting the natural environment, responsibly managing natural resources...

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Catalyst Public Utility Data Liberation (PUDL) Project: The decarbonization of the US electricity system is essential to protecting the natural environment, responsibly managing natural resources, and furthering the long-term health and safety of all communities. The PUDL project accelerates the transition away from fossil-fueled electricity systems by publicly providing high quality, actionable data. Since its 2019 release, the PUDL Python package has been downloaded nearly 10,000 times. PUDL has been used by academics, advocates, and energy data practitioners to help inform policy making around how to finance the early retirement of uneconomic coal plants and how to model the transition to a completely decarbonized electric grid. Boulder Housing Coalition served as Catalyst's fiscal sponsor for a 2023 grant of $100,000, of which $95,000 was applied to project costs.

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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 $115,426
Program Service Revenue $584,940
Investment Income $16,884
Other Revenue $0
TOTAL REVENUE $717,250

Expense Breakdown

Grants Paid $95,000
Salaries & Benefits $118,870
Fundraising Expenses $22,490
Program Expenses $673,559
Other Expenses $545,206
TOTAL EXPENSES $759,076

Year-over-Year Comparison

2023 2022 Change
Revenue $717,250 $711,052 +0.0%
Expenses $759,076 $762,501 0.0%
Net Income $-41,826 $-51,449 -0.2%
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

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Governance

Voting Members
9
Independent Members
9
Employees
4
Volunteers
75

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
3
$60,000
Total Directors
8
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Lincoln Miller Executive Dir. 40.00
Officer
$60,000 $0 $60,000
Sarah Wells President 2.00
Officer Director
$0 $0 $0
Kurt Nordback Treasurer 2.00
Officer Director
$0 $0 $0
Michael Feltheim Director 2.00
Director
$0 $0 $0
Eric Budd Director 2.00
Director
$0 $0 $0
Max Scarfone Director 2.00
Director
$0 $0 $0
Alexis Hermes Director 2.00
Director
$0 $0 $0
Dr Jennifer Fluri Director 2.00
Director
$0 $0 $0
Christian Vieweg Director 2.00
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 No data No data No data No data
2023 $717,250 $759,076 $4,542,905 $-41,826
2022 $711,052 $762,501 $4,589,495 $-51,449
2021 $707,293 $670,878 $4,706,704 $36,415
2020 $464,188 $631,177 $4,727,388 $-166,989
2019 $370,690 $349,719 $2,963,685 $20,971
2019 $362,734 $355,270 $2,945,154 $7,464
2018 $192,091 $302,554 $2,961,182 $-110,463
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