2024-04-30T12:14:38-05:00 2023-06-30 450250958 EIDE BAILLY LLP 2950 E HARMONY RD STE 290 FORT COLLINS CO 805283429 990 2022-07-01 840879892 HOUSING RESOURCES OF WESTERN COLORADO HOUS 9702412871 524 30 RD 3 GRAND JUNCTION CO 81504 EMILEE POWELL EXECUTIVE DIRECTOR 9702412871 2024-04-12 1 EMILEE POWELL XXX-XX-XXXX 1 KYLE FRITCH CPA P01313374 9702238825 2024-04-11 2 AAL1 IAL1 2022 2023-04-26 12:10:37Z EMILEE POWELL 524 30 RD 3 GRAND JUNCTION CO 81504 8941829 0 X WWW.HRWCO.ORG X 1982 CO TO PROVIDE AFFORDABLE HOUSING AND TO PROMOTE THE WISE AND SUSTAINABLE USE OF THE EARTH'S RESOURCES. 10 10 65 50 60486 0 4204559 6131305 1726205 2036963 27619 206720 0 0 5958383 8374988 283638 43224 0 0 2425730 2878483 0 0 69503 3289136 4514894 5998504 7436601 -40121 938387 12451233 12867778 4509595 3999008 7941638 8868770 X TO PROVIDE AFFORDABLE HOUSING AND TO PROMOTE THE WISE AND SUSTAINABLE USE OF THE EARTH'S RESOURCES. 0 0 4441195 HOMEOWNERSHIP PRESERVATION AND PROMOTION - HOMEOWNERSHIP PRESERVATION AND PROMOTION COMBINES BOTH THE WEATHERIZATION PROGRAM AND HOUSING REHABILITATION LOAN PROGRAM. SINCE 1988, THE WEATHERIZATION PROGRAM HAS PROVIDED COST-EFFECTIVE, ENERGY-EFFICIENT HOME IMPROVEMENTS TO HOMEOWNERS AND RENTERS. WEATHERIZATION SERVICES ARE FREE TO INCOME QUALIFIED RESIDENTS IN 12 WESTERN COLORADO COUNTIES. SINCE 1991, THE HOUSING REHABILITATION LOAN PROGRAM HAS PROVIDED INCOME QUALIFYING HOMEOWNERS IN MESA, GARFIELD, AND RIO BLANCO COUNTIES ACCESS TO LOW INTEREST-RATE LOANS TO REPAIR AND MAINTAIN THEIR HOMES. THE PROGRAM IS DESIGNED TO FINANCE ESSENTIAL REPAIRS TO IMPROVE HEALTH, SAFETY, ENERGY CONSERVATION, MAJOR AND/OR MINOR DEFICIENCIES, AND ACCESSIBILITY MODIFICATIONS. 1620072 1888021 ASSET AND PROPERTY MANAGEMENT -OUR ASSETS INCLUDE 180 RENTAL UNITS WITH A VARIETY OF BEDROOM TYPES AND UNITS, 16 LOTS INTENDED FOR SELF HELP DEVELOPMENT (8 IN MESA COUNTY AND 8 IN MONTROSE COUNTY), 4 LOTS INTENDED FOR AFFORDABLE RENTAL UNITS IN MESA COUNTY, AND LAND IN MESA COUNTY OF APPROXIMATELY 14 ACRES INTENDED FOR FUTURE AFFORDABLE HOUSING DEVELOPMENT. OUR RENTAL PROPERTIES HAVE HEALTHY DEBT RATIOS, ALLOWING US TO KEEP OUR RENTS LOW. THE ASSET MANAGEMENT PLAN OUTLINES HOUSING PRESERVATION PROJECTS FUNDED THROUGH GRANTS AND REPLACEMENT RESERVES THROUGH A WATCH LIST OF REPAIRS TO ENSURE SAFE AND HEALTHY PROPERTIES. THE PROPERTY MANAGEMENT PROGRAM PROVIDES RENTAL HOUSING TO QUALIFIED RESIDENTS. OUR PROPERTY RENTAL RATES VARY DEPENDING UPON THE MARKET AND THE BOARD ASSET MANAGEMENT COMMITTEE EVALUATION. 351093 REAL ESTATE DEVELOPMENT - IN THE LAST 4 YEARS, WE HAVE PRIMARILY FOCUSED OUR DEVELOPMENT RESOURCES FOR SINGLE-FAMILY DEVELOPMENT THROUGH THE SELF-HELP HOUSING PROGRAM INCLUDING THE DEVELOPMENT OF THE BUTNER NEIGHBORHOOD 40 HOME COMMUNITY. STARTED IN 1997, THE SELF-HELP HOUSING PROGRAM IS A HOMEOWNERSHIP SWEAT EQUITY PROGRAM THAT GIVES INCOME QUALIFIED FAMILIES THE MEANS TO CONSTRUCT THEIR OWN HOMES. PARTICIPATING FAMILIES PERFORM APPROXIMATELY 65% OF THE CONSTRUCTION LABOR, UNDER QUALIFIED SUPERVISION, ON EACH OTHER'S HOMES. THE USDA RURAL DEVELOPMENT PROVIDES A SUBSIDIZED INTEREST RATE ON THE PARTICIPANTS' CONSTRUCTION FINANCING AND THEIR PERMANENT FINANCING. THE COMBINATION OF THE SUBSIDIZED INTEREST RATE AND THE CONTRIBUTION OF LABOR SUBSTANTIALLY REDUCES THE COST OF EACH HOME AND PROVIDES THE OWNERS WITH AN EQUITY BOOST FROM THE OUTSET OF THEIR OWNERSHIP TENURE. 334194 43224 88456 HOUSING COUNSELING AND EDUCATION - THE SERVICES PROVIDED THROUGH THE HOUSING COUNSELING AND EDUCATION PROGRAM INCLUDE FINANCIAL COACHING, FINANCIAL CAPABILITY WORKSHOPS, HOMEBUYER EDUCATION CLASSES, PREPURCHASE COUNSELING, POSTPURCHASE COACHING, RENTAL COUNSELING, RENTAL AND MORTGAGE ASSISTANCE, AND FORECLOSURE PREVENTION. WE ARE A HUD-APPROVED COUNSELING AGENCY.COMMUNITY BUILDING AND ENGAGEMENT - OUR COMMUNITY BUILDING AND ENGAGEMENT PROGRAM BUILDS LOCAL VITAL COMMUNITIES THAT PROVIDE EQUITABLE OPPORTUNITIES FOR PEOPLE TO THRIVE. WE STRIVE TO REACH OUR VISION BY CONNECTING PEOPLE, PLACES, AND LOCAL COMMUNITY SYSTEMS. THE PROGRAM PROVIDES COMMUNITY ORGANIZING ACTIVITIES THAT HELP RESIDENTS AND OTHER AREA STAKEHOLDERS COME TOGETHER TO DEVELOP AND PROVIDE LEADERSHIP TO BUILD A STRONG COMMUNITY. THE COMMUNITY BUILDING AND ENGAGEMENT PROGRAM FACILITATES THE MONTROSE HOUSING NETWORK. 334194 43224 88456 6746554 1 1 0 0 0 0 0 0 1 0 1 0 0 0 1 1 1 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 1 0 0 0 1 1 1 0 0 0 1 90 0 1 65 1 1 1 0 0 0 0 0 0 0 0 0 0 0 X 10 10 0 0 0 0 0 0 0 1 1 0 0 0 1 1 1 1 1 1 0 1 1 CO X X EMILEE POWELL 9702412871 524 30 RD STE 3 GRAND JUNCTION CO 81504 LINDA DANNENBERGER BOARD PRESIDENT 5.00 0.50 X X 0 0 0 IVY WILLIAMS VICE PRESIDENT 5.00 0.50 X X 0 0 0 ANNETTE PFEFFER TREASURER 5.00 0.50 X X 0 0 0 KEITH FIFE SECRETARY 5.00 0.50 X X 0 0 0 MARK LUFF BOARD MEMBER 5.00 0.50 X 0 0 0 SANDY PERRY BOARD MEMBER 5.00 0.50 X 0 0 0 JOE CARTER BOARD MEMBER 5.00 0.50 X 0 0 0 CHERI SCHINDLER BOARD MEMBER 5.00 0.50 X 0 0 0 ROSS VALDEZ BOARD MEMBER 5.00 0.50 X 0 0 0 NITA WHITSON-GOMEZ BOARD MEMBER 5.00 0.50 X 0 0 0 EMILEE POWELL EXECUTIVE DIRECTOR 40.00 0.50 X 97233 0 25667 SHAWNA ALLEN ACCOUNTING DIRECTOR 40.00 0.50 X 57847 0 11722 155080 0 37389 0 0 0 0 ATLASTA SOLAR CENTER LLC 1111 S 7TH STREET GRAND JUNCTION CO 81501 SOLAR ENERGY SERVICES 418579 SAFE SPACE BUILDERS DBA 579 CONSTRUCTION 2591 LEGACY WAY GRAND JUNCTION CO 81503 CONSTRUCTION 356962 VALLEY PLUMBING & HEATING LLC P O BOX 1183 CLIFTON CO 81520 PLUMBING & HEATING 189774 FORVIS LLP PO BOX 200870 DALLAS TX 753200870 ACCOUNTING SERVICES 115007 EPIC CONSTRUCTION INC 1853 I-70 BUSINESS LOOP STE B GRAND JUNCTION CO 81501 CONSTRUCTION 109841 6 5392958 738347 225350 6131305 RENTAL INCOME 531110 1920590 1860104 60486 CAM INCOME 531390 27917 27917 88456 88456 2036963 12804 12804 760757 566841 193916 193916 193916 8374988 1976477 60486 206720 X 43224 43224 193610 183286 10324 1926712 1746690 156434 23588 39493 32773 6241 479 543081 456165 80869 6047 175587 148056 25640 1891 4201 2160 1623 418 174935 89944 67588 17403 1239068 1216267 11961 10840 12715 8094 320 4301 166365 72391 90753 3221 415827 380309 35518 126092 124546 1479 67 148996 148996 418798 413530 5268 203425 142962 60463 PROGRAM MATERIALS AND S 925383 918260 6955 168 REPAIRS AND MAINTENANCE 243637 232055 11582 EQUIPMENT RENTAL 88167 68247 18840 1080 347285 318599 28686 7436601 6746554 620544 69503 2467802 2735096 593070 676443 301660 65032 1877463 2415200 141665 165080 145146 227117 14910518 8936644 5799490 5973874 176566 948371 609936 12451233 12867778 553719 457342 259462 181381 124232 449153 3306671 2839356 265511 71776 4509595 3999008 X 4292890 4585800 3648748 4282970 7941638 8868770 12451233 12867778 X 938387 -11255 X 0 1 X 0 1 1 X 2515643 3145111 3856180 4204559 6131305 19852798 2515643 3145111 3856180 4204559 6131305 19852798 63106 19789692 29250 24789 21944 23724 12804 112511 129400 129400 20094709 8646194 0.98480 0.97180 X SCHEDULE A, PART II, LINE 10, EXPLANATION OF OTHER INCOME: INSURANCE PROCEEDS - REIMBURSEMENTS - 2018 AMOUNT: $ 129,400. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 1 X 1111510 1111510 12068582 7621351 4447231 1549071 1315293 233778 181355 181355 5973874 SECURITY DEPOSITS 71380 DUE TO AFFILIATE 396 71776 X 8149638 0 8149638 225350 225350 8374988 7211251 0 7211251 225350 225350 7436601 PART IV, LINE 2B: HOUSING RESOURCES MANAGES CONSTRUCTION LOAN FUNDS, IN A CUSTODIAL CAPACITY, ON BEHALF OF SELF HELP HOMEOWNERSHIP PROGRAM PARTICIPANTS. THE ARRANGEMENT FACILITATES CLIENT CONSTRUCTION WITH LOAN ADMINISTRATION AS DIRECTED UNDER USDA RURAL DEVELOPMENT FINANCING AGREEMENTS AND CLIENT-APPROVED ACTIVITIES. THE SELF HELP HOMEOWNERSHIP PROGRAM COUPLES EXTERNAL FINANCING AND CONSTRUCTION WITH LOAN SERVICING, SUPERVISION, AND TRAINING TO HELP CLIENTS BUILD EQUITY AND LOWER THEIR MONTHLY COSTS OF OWNERSHIP. PART X, LINE 2: WE BELIEVE THAT EACH ENTITY HAS APPROPRIATE SUPPORT FOR ANY TAX POSITIONS TAKEN AFFECTING ITS ANNUAL FILING REQUIREMENTS, AND AS SUCH, DOES NOT HAVE ANY UNCERTAIN TAX POSITIONS THAT ARE MATERIAL TO THE CONSOLIDATED FINANCIAL STATEMENTS. WE WOULD RECOGNIZE FUTURE ACCRUED INTEREST AND PENALTIES RELATED TO UNRECOGNIZED TAX BENEFITS AND LIABILITIES IN INCOME TAX EXPENSE IF SUCH INTEREST AND PENALTIES ARE INCURRED. OUR FORMS 990, 990T AND OTHER INCOME TAX FILINGS REQUIRED BY STATE, LOCAL, OR NONU.S. TAX AUTHORITIES ARE NO LONGER SUBJECT TO TAX EXAMINATION FOR YEARS BEFORE 2019. PART XI, LINE 4B - OTHER ADJUSTMENTS: COMACT TRANSFER OF PROPERTY 225,350. PART XII, LINE 4B - OTHER ADJUSTMENTS: COMACT TRANSFER OF PROPERTY 225,350. 1 RENTAL, UTILITY, EMERGENCY SHELTER, AND MORTGAGE, AND FORECLOSURE PREVENTION ASSISTANCE 17 43224 PART I, LINE 2: HRWC PROVIDES RENTAL, UTILITY, EMERGENCY SHELTER, AND MORTGAGE, AND FORECLOSURE PREVENTION ASSISTANCE THROUGH ITS HOUSING COUNSELING AND EDUCATION PROGRAM. INDIVIDUAL REQUESTS FOR ASSISTANCE ARE REVIEWED AND APPROVED BY THE DIRECTOR OF HOUSING COUNSELING AND EDUCATION, WHO COMPARES THE CHECKLIST OF ELIGIBILITY REQUIREMENTS FOR THE SPECIFIC PROGRAM AGAINST THE CLIENT FILE. ONCE FUNDING IS APPROVED BY THE DIRECTOR, HRWC SENDS THE REQUESTED FUNDS DIRECTLY TO THE LANDLORD (OR PROPERTY MANAGER), UTILITY COMPANY, HOTEL, OR MORTGAGE SERVICER FOR THE BENEFIT OF THE CLIENT RECIPIENT REQUESTING THE FUNDS. BECAUSE FUNDS ARE SENT DIRECTLY TO THE LANDLORD/PROPERTY MANAGER, UTILITY COMPANY, HOTEL, OR MORTGAGE SERVICER FOR THE SPECIFIC REQUESTED PURPOSE (I.E. UTILITIES, MORTGAGE, RENT, ETC.), NO FURTHER FOLLOW-UP IS DEEMED NECESSARY TO ENSURE THAT FUNDS WERE USED APPROPRIATELY. FOLLOW UP IS CONDUCTED WITH INDIVIDUAL CLIENTS AS NEEDED TO SUPPORT THEIR ONGOING SUCCESS. X 1 225350 COST 0 0 0 0 PART I, COLUMN (B): NUMBER OF CONTRIBUTIONS. FORM 990, PART VI, SECTION B, LINE 11B THE FORM 990 IS REVIEWED BY THE FINANCE COMMITTEE AND APPROVED FOR FILING BY THE EXECUTIVE DIRECTOR. FORM 990, PART VI, SECTION B, LINE 12C ALL EMPLOYEES AND DIRECTORS SIGN A CONFLICT OF INTEREST STATEMENT EACH YEAR. THE OFFICE MANAGER RETAINS THE STATEMENTS. FORM 990, PART VI, SECTION B, LINE 15A THE BOARD APPROVES THE ANNUAL COMPENSATION OF THE EXECUTIVE DIRECTOR ONCE PER YEAR UPON HER PERFORMANCE EVALUATION IN EXECUTIVE SESSION BY THE FULL BOARD OF THE ORGANIZATION. FORM 990, PART VI, SECTION C, LINE 19 COPIES ARE AVAILABLE ON THE ORGANIZATION'S WEBSITE AND IN PERSON AT THE OFFICES UPON REQUEST. FORM 990, PART IX, LINE 11G PROFESSIONAL FEES: PROGRAM SERVICE EXPENSES 56,023. MANAGEMENT AND GENERAL EXPENSES 5,265. FUNDRAISING EXPENSES 10,840. TOTAL EXPENSES 72,128. CONTRACT LABOR: PROGRAM SERVICE EXPENSES 1,160,244. MANAGEMENT AND GENERAL EXPENSES 6,696. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 1,166,940. FORM 990, PART XI, LINE 9: OWNERSHIP INTEREST ACQUIRED -11,255. GVAH LIMITED PARTNERSHIP 524 30 RD STE 3 GRAND JUNCTION CO 81504 010600420 RENTAL REAL ESTATE CO -9194 4048182 HOUSING RESOURCES OF WESTERN COLORADO GRAND VALLEY APARTMENTS LIMITED PARTNERSHIP 524 30 RD STE 3 GRAND JUNCTION CO 81504 840879892 RENTAL REAL ESTATE CO -206330 979622 HOUSING RESOURCES OF WESTERN COLORADO JAYLEE PROPERTIES LLC 524 30 RD STE 3 GRAND JUNCTION CO 81504 473290796 RENTAL REAL ESTATE CO 0 0 HOUSING RESOURCES OF WESTERN COLORADO PHOENIX LLP 524 30 RD STE 3 GRAND JUNCTION CO 81504 201765929 RENTAL REAL ESTATE CO 18857 373781 HOUSING RESOURCES OF WESTERN COLORADO COMACT HOUSING CORPORATION 524 30 ROAD STE 3 GRAND JUNCTION CO 81504 840611095 LOW-INCOME HOUSING CO 501(C)(4) N/A HOUSING RESOURCES OF WESTERN COLORADO 1 0 0 1 1 0 0 0 0 0 0 0 1 0 1 1 0 1 0 1 COMACT HOUSING CORPORATION C 225350 COST