ELEVATION COMMUNITY LAND TRUST

EIN: 850671360 501(c)(3) Housing & Shelter

DENVER, CO

Total Revenue
$13,796,051
Total Expenses
$6,889,319
Total Assets
$82,848,781
Net Assets
$34,815,060
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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
2020
Legal Domicile
CO
Principal Officer
STEFKA FANCHI
Phone
7208220052
Tax Period
2023-01-01 to 2023-12-31

ELEVATION COMMUNITY LAND TRUST, founded in 2020, is a mid-sized nonprofit in the Housing & Shelter sector that reported $13.8M in total revenue in fiscal year 2023. Revenue grew 13% year-over-year, indicating healthy expansion. The organization ran a surplus of $6.9M, a strong 50% operating margin.

Mission

PROVIDING AFFORDABLE HOMEOWNERSHIP OPPORTUNITIES USING THE COMMUNITY LAND TRUST MODEL.

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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 $11,736,084
Program Service Revenue $2,171,381
Investment Income $-111,414
Other Revenue $0
TOTAL REVENUE $13,796,051

Expense Breakdown

Grants Paid $90,000
Salaries & Benefits $1,989,937
Fundraising Expenses $234,783
Program Expenses $6,022,141
Other Expenses $4,809,382
TOTAL EXPENSES $6,889,319

Year-over-Year Comparison

2023 2022 Change
Revenue $13,796,051 $12,223,973 +0.1%
Expenses $6,889,319 $5,922,826 +0.2%
Net Income $6,906,732 $6,301,147 +0.1%
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

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Governance

Voting Members
11
Independent Members
11
Employees
14
Volunteers
11

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
6
$633,454
Total Directors
11
$0
Key Employees
0
$0
Highest Compensated
4
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
JOSE ESPARZA DIRECTOR 0.50
Director
$0 $0 $0
KAREN FOX ELWELL SECRETARY 0.50
Officer Director
$0 $0 $0
ANNE GARCIA VICE CHAIR & TREASURER 0.50
Officer Director
$0 $0 $0
SHANNON GIFFORD DIRECTOR 0.50
Director
$0 $0 $0
TOM GOUGEON DIRECTOR 0.50
Director
$0 $0 $0
SUSAN POWERS DIRECTOR 0.50
Director
$0 $0 $0
DAVE YOUNGGREN CHAIR 0.50
Officer Director
$0 $0 $0
KELLY EVANS DIRECTOR 0.50
Director
$0 $0 $0
ALEJANDRA CHAVEZ DIRECTOR 0.50
Director
$0 $0 $0
CARMEN MAYTA DIRECTOR 0.50
Director
$0 $0 $0
JEANNIE NEWELL DIRECTOR 0.50
Director
$0 $0 $0
STEFKA FANCHI PRESIDENT AND CEO 45.00
Officer
$207,680 $50,717 $258,397
ROBIN HICKEY CHIEF FINANCIAL OFFICER 45.00
Officer
$170,201 $37,376 $207,577
LAUREN DEBELL CHIEF STRATEGY OFFICER 45.00
Officer
$144,007 $23,473 $167,480
DAVID OGUNSANYA VICE PRESIDENT OF REAL EST 45.00
Highest
$124,548 $40,120 $164,668
TIANA PATTERSON VP SOCIAL IMPACT & WEALTH 40.00
Highest
$122,662 $33,701 $156,363
JUDITH GOMEZ CONTROLLER DIRECTOR OF ACCOUNTING 40.00
Highest
$102,204 $31,837 $134,041
SHANNON MCGINTY REAL ESTATE PROJECT MANAGER 40.00
Highest
$100,817 $20,955 $121,772
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 $13,796,051 $6,889,319 $82,848,781 $6,906,732
2022 $12,223,973 $5,922,826 $67,907,518 $6,301,147
2021 $8,122,320 $5,309,593 $49,445,560 $2,812,727
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