2025-11-17T13:09:33-06:00 2024-12-31 333709623 COHNREZNICK ADVISORY LLC 500 EAST PRATT STREET 4TH FLOOR BALTIMORE MD 21202 990 2024-01-01 841480560 ROCKY MOUNTAIN MUTUAL HOUSING ASSOCIATION INC ROCK 3038638651 225 EAST 16TH AVENUE 600 DENVER CO 80203 SU CHAE VP OF FINANCE 3038638651 2025-11-15 1 1 LORI ROTHE YOKOBOSKY P01273422 4107834900 2024 2025-03-06 01:10:19Z SU CHAE 225 EAST 16TH AVENUE 600 DENVER CO 80203 62362031 1 1 7213 X WWW.ROCKYMOUNTAINCOMMUNITIES.ORG X 1992 CO ROCKY MOUNTAIN COMMUNITIES MISSION IS TO BUILD BRIGHTER FUTURES BY INVESTING IN RESIDENT FOCUSED AFFORDABLE HOUSING AND SERVICES, EMPOWERING INDIVIDUALS AND FAMILIES TO THRIVE. 10 10 99 76 0 0 695068 950618 16343659 17791061 410082 4736544 49544 630458 17498353 24108681 0 0 0 0 4650840 5290520 0 0 33702 16246162 18319885 20897002 23610405 -3398649 498276 140995996 102585139 134850344 93633738 6145652 8951401 ROCKY MOUNTAIN COMMUNITIES MISSION IS TO BUILD BRIGHTER FUTURES BY INVESTING IN RESIDENT FOCUSED AFFORDABLE HOUSING AND SERVICES, EMPOWERING INDIVIDUALS AND FAMILIES TO THRIVE. 0 0 22285936 18421519 ROCKY MOUTAIN COMMUNITIES MANAGED AND OPERATED EIGHT INCOME RESTRICTED PROPERTIES. PROGRAMS AND SERVICES WERE PROVIDED AT FOUR PROPERTIES; INCLUDING SUMMER ENRICHMENT AND AFTERSCHOOL PROGRAMS AND PROGRAMS FOR SENIOR RESIDENTS. 22285936 1 1 0 0 0 0 0 0 0 0 1 0 0 1 1 1 0 1 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 1 1 1 1 0 0 1 21 0 1 99 1 0 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 1 1 1 1 1 1 1 1 0 CO X SU CHAE 7203059806 225 EAST 16TH AVENUE NO 600 DENVER CO 80203 JUNE WALLER DIRECTOR 1.00 1.00 X 0 0 0 ANGEL HURTADO OUTGOING VICE CHAIR 1.00 1.00 X X 0 0 0 CHARLES WEHRWEIN DIRECTOR 1.00 1.00 X 0 0 0 CHRISTI SMITH DIRECTOR 1.00 1.00 X 0 0 0 ERIC NESBITT DIRECTOR 1.00 1.00 X 0 0 0 GREG LITVAK DIRECTOR 1.00 1.00 X 0 0 0 JENNIFER VAGHER VICE CHAIR 1.00 1.00 X X 0 0 0 ROBERT WATTS OUTGOING DIRECTOR 1.00 1.00 X 0 0 0 TOM KONKEL CHAIR 1.00 1.00 X X 0 0 0 KATINA RYAN DIRECTOR 1.00 1.00 X 0 0 0 KYLE HENDERSON DIRECTOR 1.00 1.00 X 0 0 0 LAUREN BERNSTEIN OUTGOING DIRECTOR 1.00 1.00 X 0 0 0 MAX SEGALL SECRETARY/TREASURER 1.00 1.00 X X 0 0 0 SU CHAE VP OF FINANCE 40.00 1.00 X 86416 0 12844 MARK MARSHALL CEO 40.00 1.00 X 157598 0 29552 244014 0 42396 1 0 1 0 0 950618 5145 950618 RENTAL INCOME 532000 17678847 17678847 PROPERTY MANAGEMENT FEES 532000 112214 112214 17791061 475607 475607 91877 42422410 0 38253350 91877 4169060 4260937 4260937 OTHER PARTNERSHIP EARNINGS 900099 381242 381242 BAD DEBT RECOVERED 900099 14960 14960 234256 234256 630458 24108681 18421519 0 4736544 286410 238824 47586 4154433 3464194 690239 474528 395688 78840 375149 312820 62329 73869 73869 127873 78182 49691 187265 114495 72770 86496 52884 33612 79134 69249 9885 4864630 4853380 11250 4878622 4872310 6312 1053300 995489 57811 OPERATING AND MAINTENAN 2531531 2527355 4176 UTILITIES 1655245 1655245 ADMINISTRATIVE EXPENSES 962604 802284 160320 TAXES 938607 938607 880709 841061 5946 33702 23610405 22285936 1290767 33702 3697378 4300553 620841 1448331 426370 246406 114305428 38102087 117179696 76203341 9401228 10246223 272185 262531 222977 306518 9175321 9571236 140995996 102585139 1803978 2042475 106141856 67266939 26904510 24324324 134850344 93633738 X 6120280 8882910 25372 68491 6145652 8951401 140995996 102585139 X 498276 441684 1865789 X 0 1 X 1 1 1 X 622589 599248 607964 695068 950618 3475487 12856905 14112389 16472001 16343659 17791061 77576015 13479494 14711637 17079965 17038727 18741679 81051502 0 0 0 81051502 137240 20744 273414 410082 475607 1317087 137240 20744 273414 410082 475607 1317087 10168 586394 22545 49544 630458 1299109 13626902 15318775 17375924 17498353 19847744 83667698 0.96870 0.97450 0.01570 0.01630 X SCHEDULE A, PART III, LINE 12, EXPLANATION OF OTHER INCOME: OTHER - 2020 AMOUNT: $ 10,168. 2021 AMOUNT: $ 586,394. 2022 AMOUNT: $ 22,545. 2023 AMOUNT: $ 49,544. 2024 AMOUNT: $ 234,256. BAD DEBT - 2024 AMOUNT: $ 14,960. OTHER PARTNERSHIP EARNINGS - 2024 AMOUNT: $ 381,242. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 5672619 5672619 104438133 35404619 69033514 4194676 2697468 1497208 76203341 TAX AND INSURANCE ESCROW 1157815 TENANT SECURITY DEPOSITS 538829 REPLACEMENT RESERVES 5588348 PRE-DEVELOPMENT COSTS 2286244 9571236 ACCRUED INTEREST 609918 SECURITY DEPOSIT 509545 PREPAID RENTS 355148 DEVELOPMENT FEE PAYABLE 543494 NON CONTROLLING INTEREST IN LIMITED PARTNERSHIPS 22199809 LONG-TERM LEASE LIABILITY 106410 24324324 X PART X, LINE 2: RMC AND ITS CONSOLIDATED NONPROFIT CORPORATIONS ARE EXEMPT FROM FEDERAL AND STATE INCOME TAXES UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE AND COMPARABLE STATE STATUTES. RMC DID NOT HAVE ANY UNRELATED BUSINESS INCOME FOR THE YEARS ENDED DECEMBER 31, 2024 AND 2023. ALL NONPROFIT CORPORATIONS ARE REQUIRED TO FILE TAX RETURNS WITH THE IRS AND OTHER TAXING AUTHORITIES. ACCORDINGLY, THESE CONSOLIDATED FINANCIAL STATEMENTS DO NOT REFLECT A PROVISION FOR INCOME TAXES AND THERE ARE NO OTHER TAX POSITIONS WHICH MUST BE CONSIDERED FOR DISCLOSURE. CERTAIN SUBSIDIARIES OF THE ORGANIZATION ARE DISREGARDED ENTITIES FOR INCOME TAX PURPOSES AND DO NOT FILE AN INCOME TAX RETURN. TAXABLE INCOME OR LOSS PASSES THROUGH TO THE SOLE MEMBER TO BE REPORTED ON ITS TAX RETURN. THESE SUBSIDIARIES DO NOT TAKE ANY TAX POSITIONS WHICH MUST BE CONSIDERED FOR DISCLOSURE. ACCORDINGLY, THESE CONSOLIDATED FINANCIAL STATEMENTS DO NOT REFLECT A PROVISION FOR INCOME TAXES. THE LIMITED PARTNERSHIPS AND LIMITED LIABILITY COMPANIES IN WHICH THE ORGANIZATION HAS AN OWNERSHIP INTEREST HAVE ELECTED TO BE TREATED AS PASS-THROUGH ENTITIES FOR INCOME TAX PURPOSES AND, AS SUCH, ARE NOT SUBJECT TO INCOME TAXES. RATHER, ALL ITEMS OF TAXABLE INCOME, DEDUCTIONS AND TAX CREDITS ARE PASSED THROUGH TO AND ARE REPORTED BY ITS OWNERS ON THEIR RESPECTIVE INCOME TAX RETURNS. THE PARTNERSHIPS' FEDERAL TAX STATUSES ARE BASED ON THEIR LEGAL STATUS AS A PARTNERSHIP. ACCORDINGLY, THE PARTNERSHIPS ARE NOT REQUIRED TO TAKE ANY TAX POSITIONS IN ORDER TO QUALIFY AS A PASS-THROUGH ENTITY. THE PARTNERSHIPS ARE REQUIRED TO FILE AND DO FILE TAX RETURNS WITH THE INTERNAL REVENUE SERVICE AND OTHER TAXING AUTHORITIES. ACCORDINGLY, THESE CONSOLIDATED FINANCIAL STATEMENTS DO NOT REFLECT A PROVISION FOR INCOME TAXES AND THE PARTNERSHIPS HAVE NO OTHER TAX POSITIONS WHICH MUST BE CONSIDERED FOR DISCLOSURE. MANAGEMENT HAS ANALYZED THE TAX POSITIONS TAKEN BY THE ORGANIZATION AND HAS CONCLUDED THAT, AS OF DECEMBER 31, 2024 AND 2023, THERE ARE NO UNCERTAIN TAX POSITIONS THAT WOULD REQUIRE RECOGNITION OF A LIABILITY (OR ASSET) OR DISCLOSURE IN THE CONSOLIDATED FINANCIAL STATEMENTS. INCOME TAX RETURNS FILED BY THE ENTITIES ARE SUBJECT TO EXAMINATION BY THE INTERNAL REVENUE SERVICE FOR A PERIOD OF THREE YEARS. WHILE NO INCOME TAX RETURNS ARE CURRENTLY BEING EXAMINED BY THE INTERNAL REVENUE SERVICE, TAX YEARS SINCE 2021 REMAIN OPEN. 1 X X 0 0 0 0 0 0 0 0 0 MARK MARSHALL CEO 157598 0 0 0 0 0 6764 0 22788 0 187150 0 0 0 PART I, LINE 3 THE EXECUTIVE COMMITTEE OF ROCKY MOUNTAIN MUTUAL HOUSING ASSOCIATION, INC. REVIEWS THE PERFORMANCE OF THE PRESIDENT/CEO, CONSIDERS COMPENSATION SURVEYS FROM SIMILAR ORGANIZATIONS AND THEN AGREES ON THE COMPENSATION FOR THE PRESIDENT/CEO. FORM 990, PART VI, SECTION B, LINE 11B THE PROPERTY AND FINANCE COMMITTEE REVIEWS THE RETURN IN DETAIL. ONCE APPROVED, THE RETURN IS THEN REVIEWED AND APPROVED BY THE FULL BOARD. FORM 990, PART VI, SECTION B, LINE 12C THE CONFLICT OF INTEREST POLICY IS MONITORED AND ENFORCED ANNUALLY. FORM 990, PART VI, SECTION B, LINE 15 THE EXECUTIVE COMMITTEE REVIEWS THE PERFORMANCE OF THE PRESIDENT AND CEO, REVIEWS SALARY SURVEYS FROM ENTITIES SUCH AS THE COLORADO NONPROFIT ASSOCIATION AND THE APARTMENT ASSOCIATION OF METRO DENVER. BASED ON THE VARIOUS ITEMS, THE COMMITTEE THEN AGREES ON THE ANNUAL SALARY. THE SALARIES OF OTHER OFFICERS OR KEY EMPLOYEES OF THE ORGANIZATION ARE AT THE DISCRETION OF THE PRESIDENT AND CEO, PROVIDED TOTAL COMPENSATION IS WITHIN THE BOARD APPROVED BUDGET. FORM 990, PART VI, SECTION C, LINE 19 THE GOVERNING DOCUMENTS, CONFLICTS OF INTEREST POLICY, AND FINANCIAL STATEMENTS OF THE ORGANIZATION ARE MADE AVAILABLE TO THE PUBLIC UPON REQUEST. FORM 990, PART XI, LINE 9: NONCONTROLLING NET ASSETS WITHOUT DONOR RESTRICTIONS 1,865,789. 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