DENVER CULTURAL PROPERTY TRUST

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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

2021

Legal Domicile

Principal Officer

MARK G FALCONE

Phone

7209464672

Tax Period

2023-01-01 to 2023-12-31

DENVER CULTURAL PROPERTY TRUST, founded in 2021, is a small nonprofit in the Community Improvement sector that reported $436K in total revenue in fiscal year 2023. Revenue surged 28% from the prior year, signaling strong growth momentum. Expenses of $713K exceeded revenue, resulting in a 64% operating deficit.

Mission

THE DENVER CULTURAL PROPERTY TRUST WAS FOUNDED TO DEVELOP MORE EQUITABLE HOUSING SOLUTIONS FOR THE LOCAL CULTURAL COMMUNITY. IT IS A NOT-FOR-PROFIT THAT INVESTS IN STRATEGICALLY LOCATED RESIDENCES AND ENTERPRISE SPACES TO ENSURE AFFORDABLE, LONG-TERM RENT STABLE OPPORTUNITIES FOR THE CITY'S CREATIVE WORKFORCES AND THE ORGANIZATIONS THAT SUPPORT THEM. THE TRUST IS DESIGNED TO PURCHASE KEY PROPERTIES IN ORDER TO STEWARD THEM ON AN AFFORDABLE, RENT-STABLE BASIS IN PERPETUITY.

Program Service Accomplishments

Program 1

Expenses: $712,796 Revenue: $435,814

RENTAL OF AFFORDABLE HOUSING AND ENTERPRISE SPACE.

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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 $0

Program Service Revenue $401,457

Investment Income $1

Other Revenue $34,356

TOTAL REVENUE $435,814

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $712,796

Other Expenses $712,796

TOTAL EXPENSES $712,796

Year-over-Year Comparison

	2023	2022	Change
Revenue	$435,814	$341,188	+0.3%
Expenses	$712,796	$642,453	+0.1%
Net Income	$-276,982	$-301,265	-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

Governance

Voting Members

Independent Members

Employees

N/A

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MARK G FALCONE	PRESIDENT	1.00	Officer Director	$0	$0	$0
MARK HELLER	TREASURER	1.00	Officer Director	$0	$0	$0
HAROUN COWANS	SECRETARY	1.00	Officer 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	$435,814	$712,796	$7,849,223	$-276,982
2022	$341,188	$642,453	$7,827,060	$-301,265
2021	$96,414	$368,969	$7,894,739	$-272,555