NonprofitsHousing Resources Of Western Colorado

Housing Resources Of Western Colorado

GRAND JCT, CO

Total revenue

$8.2M

Total expenses

$7.8M

Net assets

$9.3M

Grants received

$3.1M

34 grants

EIN

840879892

Tax year

2023

Mission

To provide affordable housing and to promote the wise and sustainable use of the earth's resources.

Programs

3 programs

Rental property management owns and manages 181 units of affordable rental housing in mesa county and works with a variety of funding sources to hold rents well under market rate. Our properties are home to families ranging from extremely low income to modest income and we take pride in maintaining the homes to high standards.

Expenses: $2.3M

Lending provides loans for both home improvement and home purchase with low costs and flexible terms. The loans are combined with coaching from the housing counseling team as well as construction management services. We have made almost 400 home improvement loans since 1991. Our downpayment assistance loan program was just launched in january 2024 and since then has made 42 home purchase assistance loans.

Expenses: $700K

Housing counseling and education provides free individual coaching and group classes on all housing-related topics, including pre-purchase, foreclosure prevention, rental, eviction prevention, and reverse mortgage counseling. The hud-certified counselors provide more than 500 individual sessions a year. We teach the 8-hour homebuyer education class to almost 1,000 households a year and provide additional workshops on topics such as financial fitness and renter education. Housing development and self help adds to the inventory of affordable homes in our region through various strategies including land development, direct construction, and sweat equity builds. The team is currently working on five for-sale projects in mesa, montrose and garfield counties as well as a large affordable rental project in clifton. Our work on the self help homeownership program has created more than 400 new homes since 1997.

Expenses: $167K

Financials

FY 2023

Revenue

Contributions & grants$6.0M
Program service revenue$2.2M
Investment income$54K
Other revenue
Total revenue$8.2M

Expenses

Grants paid
Salaries & benefits$3.3M
Fundraising$151K
Other expenses$4.5M
Total expenses$7.8M
Total assets$13.2M
Net assets$9.3M

People

10 listed

NameRoleCompensation

EMILEE POWELL

EXECUTIVE DIRECTOR

Board

$96K

40 hrs/wk

SHAWNA ALLEN

ACCOUNTING DIRECTOR

Board

$62K

40 hrs/wk

ANNETTE PFEFFER

TREASURER

Board

1 hrs/wk

KEITH FIFE

SECRETARY

Board

1 hrs/wk

JOE CARTER

BOARD MEMBER

Board

1 hrs/wk

IVY WILLIAMS

BOARD PRESIDENT

Board

1 hrs/wk

KARIN WALKER

BOARD MEMBER (AS OF MAY '24)

Board

1 hrs/wk

JON BURNHAM

BOARD MEMBER (AS OF APR '24)

Board

1 hrs/wk

LINDA DANNENBERGER

BOARD MEMBER

Board

1 hrs/wk

STEPHANIE REECY

VICE PRESIDENT

Board

1 hrs/wk

Independent contractors

ATLASTA SOLAR CENTER

SOLAR INSTALLATION

$469K

SAFE SPACE BUILDERS

CONSTUCTION

$265K

BRO'S ROOFING

ROOF REPAIR/REPLACEMENT

$225K

VALLEY PLUMBING

PLUMBING REPAIR/INSTALLATION

$216K

FORVIS LLP

ACCOUNTING SERVICES

$168K

Grants received

Showing 34 of 34

FromAmountPurposeYear
$40K
FEASIBILITY STUDY FOR CAPITAL CAMPAIGN, APARTMENTS FOR HOMELESS VETERANS
2024
$100K
STRENGTHEN COMMUNITY HEALTH
2023
$100K
INTERGENERATIONAL VILLAGE
2023
$40K
TECHNOLOGY UPGRADES AND GENERAL SUPPORT
2023
$18K
CAPACITY BUILDING - RURAL
2023
$10K
PUBLIC BEAUTIFICATION
2023
$225K
GENERAL SUPPORT
2022
$100K
STRENGTHEN COMMUNITY HEALTH
2022
$45K
PHOENIX APARTMENTS FOR HOMELESS VETERANS AND CREATION OF NEW PURCHASE ASSISTANCE LOAN PROGRAM
2022
$25K
CAPACITY BUILDING - RURAL
2022
$10K
HOUSING COUNSELING
2022
$8K
FOR SERVICES COMPLETED UNDER BFZ GRANT PARTICIPATION IN ISS COHORT
2022
$460
PROVIDES AFFORDABLE HOUSING
2022
$7K
CAPACITY BUILDING
2021
$3K
Homeless support in Montrose County
2021
$82K
CHAMPION HEALTH EQUITY; STRENGTHEN COMMUNITY HEALTH
2020
$55K
General Operating
2020
$30K
HOUSING, SHELTER
2020
$7K
Energy assistance for agency clients
2020
$5K
General operating support
2020
$13K
Income-qualified weatherization services in single family homes
2019
$34K
Income-qualified weatherization services in single family homes
2017
$17K
SUPPORTIVE SERVICES
2017

Funded by

$3.1M from 16 funders · 34 grants · 2017–2024

Neighborhood Reinvestment Corporation

$2.0M · 8 grants · 2017–2023

The Colorado Health Foundation

$282K · 3 grants · 2020–2023

Comact Housing Corporation

$225K · 1 grant · 2022

Western Colorado Community

$155K · 4 grants · 2020–2024

Nextfifty Initiative

$100K · 1 grant · 2023

Housing Solutions For The Southwest

$59K · 2 grants · 2017–2022

The Colorado Trust

$55K · 1 grant · 2020

Energy Outreach Colorado

$55K · 3 grants · 2017–2020

Details

EIN840879892
Subsection03
Ruling date1985-06
Formed1982
Employees63
Volunteers50