2025-06-03T16:22:26-05:00 2024-07-31 391203191 SVA CERTIFIED PUBLIC ACCTS SC 1221 JOHN Q HAMMONS DRIVE MADISON WI 53717 990 2023-08-01 841158819 GRECCIO HOUSING UNLIMITED INC GREC 7194195607 1015 E PIKES PEAK AVE COLORADO SPRINGS CO 80903 R LEE PATKE EXECUTIVE DIRECTOR 7194751422 2025-06-02 1 0 LYNN HESLINGA P01273410 6088318181 2023 2025-03-06 01:10:19Z R LEE PATKE 1015 E PIKES PEAK AVE COLORADO SPRINGS CO 80903 6579511 0 X WWW.GRECCIO.ORG X 1990 CO AFFORDABLE HOUSING TO LOW-INCOME CITIZENS INCLUDING SUPPORTIVE RESOURCES FOR HOUSING STABILITY 11 11 42 23 0 0 1217145 1138653 3634630 4519599 19505 13749 8487 907510 4879767 6579511 275483 436940 0 0 1629756 1834672 0 0 123749 2830906 3286948 4736145 5558560 143622 1020951 20340788 21506369 17180408 17325038 3160380 4181331 TO PROVIDE STABLE, SAFE, AND AFFORDABLE HOUSING TO OFFER RESOURCES FOR RESIDENTS TO ACHIEVE STABILITY AND TO PROMOTE SOLUTIONS TO THE AFFORDABLE HOUSING NEEDS IN OUR COMMUNITY. 0 0 3793752 5427109 RENTAL AND PROPERTY MANAGEMENT - THE PRIMARY FOCUS OF OPERATIONS IS OUR AFFORDABLE HOUSING PROGRAM FOR INDIVIDUALS AND FAMILIES. WE ARE DEDICATED IN GUIDING APPLICANTS THROUGH ELIGIBILITY PROCESS FOR AFFORDABLE HOUSING. MORE THAN 4/5 OF OUR RESIDENTS EARN 50% OR LESS OF AMI. 1059933 436940 RESOURCE & OPPORTUNITY CENTER - GREECIO TAKES AN INTEGRATED APPROACH TO HOUSING BY OFFERING OUR RESIDENTS ASSISTANCE FOR THEM TO ACHIEVE STABILITY AND SELF-SUFFICIENCY. SOME OF OUR RESOURCES INCLUDE EVICTION PREVENTION, NO COST FOOD PANTRY, COMMUNITY GARDENS, EDUCATION SCHOLARSHIPS, FINANCIAL TRAINING AND VARIETY OF LITERACY PROGRAMS. 218437 PURCHASE AND REHABILITATION - WE BEGAN A MULTI-YEAR PRESERVATION EFFORT IN 2020 OF EXISTING PROPERTIES. REHABILITATION INCLUDED NUMEROUS EXTERIOR REPAIRS SUCH AS STUCCO, REPAINTING, GUTTERS, PRIVACY FENCE AND ROOF REPAIRS. INSIDE PROJECTS INCLUDED HIGH EFFICIENCY BOILERS, ATTIC AND PIPE INSULATION, LOW-FLOW FIXTURES AND LED LIGHTING. THIS YEAR WE STARTED AND CONTINUED FOUR NEW PROPERTIES. 5072122 1 1 0 0 0 0 0 0 1 0 1 0 0 0 1 0 0 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 0 0 0 0 1 20 0 1 42 1 0 0 0 0 0 0 0 0 0 0 0 0 X 11 11 0 0 0 0 0 0 0 1 0 0 0 1 1 1 1 1 1 1 1 0 X X THE ORGANIZATION 7194751422 1015 E PIKES PEAK AVE STE 110 COLORADO SPRINGS CO 80918 DIANE MILLER PRESIDENT 3.00 X X 0 0 0 TAMI ZAMBORELLI TREASURER 2.00 X X 0 0 0 ROBERT BENTZEN SECRETARY 1.00 X X 0 0 0 ZACH BUNNEY DIRECTOR 1.00 X 0 0 0 DR MICHAEL CLAUDIO DIRECTOR 1.00 X 0 0 0 THEA PLATT DIRECTOR 1.00 X 0 0 0 BRADEN HAMMOND DIRECTOR 1.00 X 0 0 0 JAMES JOHNSON DIRECTOR 1.00 X 0 0 0 STEVE OGLE DIRECTOR 1.00 X 0 0 0 JARIAH WALKER VICE PRESIDENT 1.00 X X 0 0 0 MICHAEL PHAN DIRECTOR 1.00 X 0 0 0 TAMARA SAUNDERS DIRECTOR 1.00 X 0 0 0 LEE PATKE EXECUTIVE DIRECTOR 40.00 X 143879 0 4316 143879 0 4316 1 0 0 0 0 208681 929972 605500 1138653 RENTAL INCOME 531110 3312946 3312946 PARTNERSHIP INCOME 531390 671996 671996 COST REIMBURSEMENT FOR 531110 247705 247705 MANAGEMENT FEE INCOME 531110 182728 182728 PARTNERSHIP MANAGEMENT 531110 52977 52977 51247 51247 4519599 13749 13749 GAIN ON DISPOSITION 900099 890452 890452 MISC. REVENUE 900099 17058 17058 907510 6579511 5427109 0 13749 436940 436940 148195 118556 22229 7410 1392161 1180686 163295 48180 29538 24909 3562 1067 143583 121084 17311 5188 121195 102204 14613 4378 66048 65007 801 240 93839 76948 12199 4692 69759 68512 901 346 27399 4569 653 22177 89359 78288 7995 3076 41791 34268 5433 2090 964064 951750 8893 3421 55951 49373 4751 1827 23734 19628 3014 1092 441960 400215 30149 11596 728077 714607 9728 3742 458961 449240 7021 2700 BAD DEBT EXPENSE 125877 125877 BROKER COMMISSION 48685 48685 MISC 30593 28610 1456 527 RESIDENT RESOURCES 20851 20851 5558560 5072122 362689 123749 1441664 2028583 35149 20079 202817 161919 1600000 1600000 466934 485336 25079123 8971517 16284411 16107606 309813 933336 0 169510 20340788 21506369 409121 353275 71825 89126 186892 184031 11223037 10995596 419334 5289533 5283676 17180408 17325038 X 2883855 4085313 276525 96018 3160380 4181331 20340788 21506369 1020951 0 X 0 1 X 1 0 X 642452 1308394 1077320 1217145 1138653 5383964 642452 1308394 1077320 1217145 1138653 5383964 16821 5367143 1463 726 438 19505 13749 35881 5516 5516 174005 143579 8487 907510 1233581 6658942 0.80600 0.90390 X SCHEDULE A, PART II, LINE 10, EXPLANATION OF OTHER INCOME: DEVELOPMENT FEES - 2019 AMOUNT: $ 29,984. 2020 AMOUNT: $ 73,798. OTHER MISC REVENUE - 2019 AMOUNT: $ 144,021. 2020 AMOUNT: $ 69,781. 2022 AMOUNT: $ 8,487. 2023 AMOUNT: $ 907,510. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 1 X 1852296 1852296 22394154 8581989 13812165 204975 107385 97590 627698 282143 345555 16107606 OTHER LIABILITIES 5283676 5283676 6456033 2399 -125877 -123478 6579511 0 6579511 5435082 2399 2399 5432683 125877 125877 5558560 PART IV, LINE 2B: THE ORGANIZATION MAINTAINS SECURITY DEPOSITS FOR TENANTS OF THE UNITS. PART XI, LINE 2D - OTHER ADJUSTMENTS: BAD DEBT EXPENSE PART XII, LINE 4B - OTHER ADJUSTMENTS: BAD DEBT EXPENSE 1 HOUSING PAYMENTS FOR LOW/MOD INCOME INDIVIDUALS 40 26195 HOUSEHOLD GOODS/FOOD TO LOW/MOD INCOME INDIVIDUALS 2540 410745 FMV FOOD, HOUSEHOLD GOODS PART I, LINE 2: THE ORGANIZATION MONITORS THE USE OF GRANT FUNDS BY MAKING DIRECT HOUSING PAYMENTS TO VENDORS, FOR THE BENEFIT OF THE INDIVIDUALS. STAFF AND VOLUNTEERS DISBURSE THE HOUSEHOLD GOODS AND FOOD TO TENANTS RESIDING IN PROPERTIES OWNED OR MANAGED BY THE ORGANIZATION. X 870 FMV X 21222 FMV X 131117 388654 FMV X IMPUTED INTEREST 1 194755 FMV 0 1 0 SCH M PART I LINES 19, 25 COLUMN (B) FOR LINE 19, FOOD, REPRESENTS THE NUMBER OF CONTRIBUTIONS RECEIVED. FORM 990, PART VI, SECTION A, LINE 8B THE FINANCE COMMITTEE DOES NOT MAINTAIN MINUTES BUT THE FINANCIALS ARE PROVIDED TO THE BOARD AT LARGE. FORM 990, PART VI, SECTION B, LINE 11B THE BOARD REVIEWS THE FORM 990 BEFORE IT IS FILED. FORM 990, PART VI, SECTION B, LINE 12C AT EACH BOARD MEETING, IF THERE IS A DISCUSSION OF SELECTING OR ENGAGING A VENDOR OR SERVICE PROVIDER, ALL IN ATTENDANCE ARE ASKED TO RECUSE THEMSELVES FROM THIS DISCUSSION IF THERE COULD BE A PERCEIVED CONFLICT. ANNUALLY, THE ORGANIZATION REVIEWS AND DISCUSSES THE CONFLICT OF INTEREST POLICY AND REQUESTS THAT EACH BOARD MEMBER LIST AND ACKNOWLEDGE ANY KNOWN CONFLICTS. FORM 990, PART VI, SECTION B, LINE 15 THE BOARD OF DIRECTORS REVIEWS THE COMPENSATION FOR THE EXECUTIVE DIRECTOR BY COMPARING HIS COMPENSATION TO THE COMENSATION OF INDIVIDUALS IN LIKE POSITIONS, IN COMPARABLE ORGANIZATIONS USING FORMS 990, COMPENSATION STUDIES, AND OTHER AVAILABLE DATA. THE BOARD THEN APPROVES ANY CHANGES IN COMPENSATION BASED ON THIS INFORMATION. THE ORGANIZATION HAS NO OTHER PAID OFFICERS OR EMPLOYEES MEETING THE IRS DEFINITION OF A KEY EMPLOYEE. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION WILL PROVIDE, IN A TIMELY MANNER, COPIES OF ALL GOVERNING DOCUMENTS INCLUDING ITS CONFLICT OF INTEREST POLICIES AND FINANCIAL STATEMENTS WHEN REQUESTED IN WRITING OR IN PERSON. GHU ATRIUM LLC 1015 E PIKES PEAK AVE STE 11 COLORADO SPRINGS CO 80903 SEE PART VII CO 0 0 GRECCIO HOUSING UNLIMITED INC GRECCIO COMMERCIAL REAL ESTATE SERVICES LLC 1015 E PIKES PEAK AVE STE 11 COLORADO SPRINGS CO 80903 SEE PART VII CO 17593 57209 GRECCIO HOUSING UNLIMITED INC GHU RIDGE LLC 1015 E PIKES PEAK AVE STE 11 COLORADO SPRINGS CO 80903 SEE PART VII CO 0 0 GRECCIO HOUSING UNLIMITED INC SCHEDULE R, PART I, LINE 1, COLUMN (B) PRIMARY ACTIVITY GHU ATRIUM, LLC. IS A WHOLLY-OWNED SUBSIDIARY OF GRECCIO HOUSING UNLIMITED, INC. AND WAS FORMED FOR THE PURPOSE OF OWNING, INVESTING IN, AND DEVELOPING REAL PROPERTY FOR INDIVIDUALS AND FAMILIES WITH LOWER INCOMES. SCHEDULE R, PART I, LINE 2, COLUMN (B) PRIMARY ACTIVITY GRECCIO COMMERCIAL REAL ESTATE SERVICES LLC IS A WHOLLY-OWNED SUBSIDIARY OF GRECCIO HOUSING UNLIMITED INC FORMED FOR THE PURPOSE OF MANAGING UNOWNED LOW INCOME RENTAL PROPERTIES. SCHEDULE R, PART I, LINE 2, COLUMN (B) PRIMARY ACTIVITY GHU RIDGE, LLC. IS A WHOLLY-OWNED SUBSIDIARY OF GRECCIO HOUSING UNLIMITED, INC. AND WAS FORMED FOR THE PURPOSE OF OWNING, INVESTING IN, AND DEVELOPING REAL PROPERTY FOR THE INDIVIDUALS AND FAMILIES WITH LOWER INCOMES.