PATRIS CORDE HERMITAGE

EIN: 880639678 501(c)(3) Religion

PARSHALL, CO

Total Revenue
$817,575
Total Expenses
$66,576
Total Assets
$1,832,243
Net Assets
$1,831,421
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2022
Legal Domicile
CO
Principal Officer
JOHN RYAN
Phone
3039317378
Tax Period
2023-01-01 to 2023-12-31

PATRIS CORDE HERMITAGE, founded in 2022, is a small nonprofit in the Religion sector that reported $818K in total revenue in fiscal year 2023. Revenue fell 27% from the prior year — a significant decline worth monitoring. The organization ran a surplus of $751K, a strong 92% operating margin.

Mission

PATRIS CORDE HERMITAGE (THE ORGANIZATION) IS ORGANIZED FOR CHARITABLE, RELIGIOUS, AND EDUCATIONAL PURPOSES. THE NAME PATRIS CORDE IS LATIN FOR: WITH A FATHER'S HEART. THE ORGANIZATION WILL OFFER A SPACE FOR PEOPLE TO VISIT TO STRENGTHEN THEIR DEVOTION TO GOD. THE ORGANIZATION'S MISSION INCLUDES THE GOAL TO CREATE AN OASIS OF SILENCE AND ENCOUNTER WITH GOD IN A WORLD THAT IS VERY LOUD. IT DEEPLY DESIRES TO STRENGTHEN THE VOCATIONS OF RELIGIOUS AND LAITY AND TO SUPPORT THE EVANGELICAL EFFORTS OF THE CATHOLIC CHURCH. THIS MAY BE ACCOMPLISHED NOT ONLY THROUGH A RETREAT CENTER BUT ALSO THROUGH CONTRIBUTIONS TO ORGANIZATIONS THAT SUPPORT CHRISTIAN EVANGELIZATIONS, CARE FOR BODILY NEEDS, OR LESS FORTUNATE, AND THOSE THAT SUPPORT CARE AND EDUCATION FOR MOTHERS AND UNBORN CHILDREN.

Program Service Accomplishments

Program 1
Expenses: $48,479

RETREAT CENTER (95%)THE ORGANIZATION LEASES 250 ACRES OF LAND LOCATED IN PARSHALL, COLORADO, WHICH BORDERS THE ARAPAHOE NATIONAL FOREST. THIS LAND IS INTENDED TO BE DONATED TO THE ORGANIZATION OVER...

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RETREAT CENTER (95%)THE ORGANIZATION LEASES 250 ACRES OF LAND LOCATED IN PARSHALL, COLORADO, WHICH BORDERS THE ARAPAHOE NATIONAL FOREST. THIS LAND IS INTENDED TO BE DONATED TO THE ORGANIZATION OVER TIME. PRELIMINARY UTILITIES AND INFRASTRUCTURE EXIST, BUT THE ORGANIZATION INTENDS TO RAISE FUNDS TO BUILD SINGLE-OCCUPANT HERMITAGES, OR PRAYER CABINS. THE ORGANIZATION WILL ALSO RAISE FUNDS TO CLEAR WALKING TRAILS ON THE LAND AND TO BUILD A STONE CHAPEL FOR VISITORS. ONCE HERMITAGES ARE FINISHED, THE ORGANIZATION WILL OFFER 1-30 NIGHT RETREATS IN THEM FOR GUESTS TO BE SURROUNDED BY THE SILENCE AND BEAUTY OF THE COLORADO BACKCOUNTRY. RETREATANTS WILL BE ABLE TO ESCAPE DISTRACTIONS AND LISTEN TO GOD IN THEIR HERMITAGE, WALK SEVERAL MILES OF NATURE TRAILS, AND PRAY IN A STONE CHAPEL LOCATED IN THE MIDDLE OF THE WOODS. BREAD, CHEESE, AND FRUIT WILL BE DELIVERED DAILY TO RETREATANTS, WHO CAN ALSO BRING THEIR OWN SIMPLE FOOD ITEMS. A SUGGESTED NIGHTLY DONATION WILL BE REQUESTED OF RETREATANTS. THIS DONATION, ALONG WITH THE RECURRING DONATIONS OF MANY BENEFACTORS, WILL PROVIDE FOR THE LONG-TERM FINANCIAL STABILITY OF THE RETREAT CENTER. VISITORS TO THE ORGANIZATION'S RETREAT CENTER WILL BE ENCOURAGED TO EXPLORE THE LAND AND ITS OFFERINGS. RELIGIOUS SERVICES MAY BE COORDINATED IN THE CHAPEL TO INVITE VISITORS TO SHARE THEIR RELIGIOUS JOURNEY. STAFF MEMBERS, OFFICERS, DIRECTORS, AND VOLUNTEERS WILL CONDUCT THIS ACTIVITY AND OVERSEE RETREATANTS DURING THEIR STAY. THIS ACTIVITY ALLOWS RETREATANTS TO EXPLORE THEIR RELATIONSHIP WITH GOD IN FURTHERANCE OF THE ORGANIZATION'S CHARITABLE PURPOSES.

Program 2
Expenses: $2,552

OTHER RELIGIOUS, CHARITABLE, AND EDUCATIONAL ACTIVITIES (5%)THE ORGANIZATION MAY ALSO CONDUCT ACTIVITIES IN FURTHERANCE OF ITS MISSIONS, INCLUDING HELPING PEOPLE STRENGTHEN THEIR DEVOTION TO GOD. IT...

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OTHER RELIGIOUS, CHARITABLE, AND EDUCATIONAL ACTIVITIES (5%)THE ORGANIZATION MAY ALSO CONDUCT ACTIVITIES IN FURTHERANCE OF ITS MISSIONS, INCLUDING HELPING PEOPLE STRENGTHEN THEIR DEVOTION TO GOD. IT MAY HOST OR SUPPORT RELIGIOUS OR EDUCATIONAL EVENTS, PROGRAMS OR SERVICES TO ENCOURAGE INDIVIDUALS TO DEEPEN THEIR RELATIONSHIP WITH GOD OR OTHER PURPOSES ALIGNED WITH ITS MISSIONS. IT ALSO INTENDS TO MAKE DONATIONS TO ORGANIZATIONS TO SUPPORT THE EVANGELICAL EFFORTS OF THE CATHOLIC CHURCH AND OTHER PURPOSES AS APPROVED BY THE BOARD. THESE ACTIVITIES WILL BE FUNDED BY DONATIONS TO THE ORGANIZATION AND OVERSEEN BY STAFF, THE BOARD OF DIRECTORS, AND THE OFFICERS.

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $817,575
Program Service Revenue $0
Investment Income $0
Other Revenue $0
TOTAL REVENUE $817,575

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $51,031
Other Expenses $66,576
TOTAL EXPENSES $66,576

Year-over-Year Comparison

2023 2022 Change
Revenue $817,575 $1,114,133 -0.3%
Expenses $66,576 $33,711 +1.0%
Net Income $750,999 $1,080,422 -0.3%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Governance

Voting Members
7
Independent Members
7
Employees
N/A
Volunteers
10

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
1
$0
Total Directors
7
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
JOHN RYAN EXECUTIVE DIRECTOR 40.00
Officer Director
$0 $0 $0
ASHLEIGH RYAN DIRECTOR 10.00
Director
$0 $0 $0
FATHER BRADY WAGNER DIRECTOR 1.00
Director
$0 $0 $0
FATHER JOHN NEPIL DIRECTOR 1.00
Director
$0 $0 $0
JASON SIMON DIRECTOR 1.00
Director
$0 $0 $0
ED VAN PELT DIRECTOR 1.00
Director
$0 $0 $0
DUDLEY MITCHELL DIRECTOR 1.00
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 $817,575 $66,576 $1,832,243 $750,999
2022 $1,114,133 $33,711 $1,080,422 $1,080,422
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