2024-02-08T16:47:31-05:00 2023-03-31 208019714 JDS PROFESSIONAL GROUP 10303 E DRY CREEK RD STE 400 ENGLEWOOD CO 80112 990 2022-04-01 237102834 COMMUNITY RESOURCES AND HOUSING DEVELOPMENT CORPORATION COMM 3034281778 7305 LOWELL BLVD STE 200 WESTMINSTER CO 80030 ARTURO ALVARADO EXECUTIVE DIRECTOR 3034281778 2024-02-08 true ARTURO ALVARADO 999009999 false LORI B BAUER CPA P01260252 3037710123 2024-02-08 2022 2023-04-26 12:10:37Z ARTURO ALVARADO 7305 LOWELL BLVD SUITE 200 WESTMINSTER CO 80030 7286930 false X WWW.CRHDC.ORG X 1971 CO COMMUNITY RESOURCES AND HOUSING DEVELOPMENT CORPORATION PROVIDES PATHWAYS TO HOME AND ASSET BUILDING OPPORTUNITIES TO BENEFIT LOW-TO-MODERATE INCOME COMMUNITIES THROUGHOUT COLORADO. 12 12 52 12 -2122 2813283 3457617 2809528 2845359 395658 166369 23115 334321 6041584 6803666 419052 1666059 0 1914117 2245080 0 63823 3057557 4020008 5390726 7931147 650858 -1127481 39546722 39993673 19413319 20987751 20133403 19005922 COMMUNITY RESOURCES AND HOUSING DEVELOPMENT CORPORATION PROVIDES PATHWAYS TO HOME AND ASSET BUILDING OPPORTUNITIES TO BENEFIT LOW-TO-MODERATE INCOME COMMUNITIES THROUGHOUT COLORADO. false false 2955037 2540182 ASSET MANAGEMENT - MANAGEMENT OF BOTH AFFORDABLE RENTAL APARTMENTS AND COMMERCIAL PROPERTIES ACROSS COLORADO. 2869184 1666059 327203 DEVELOPMENT - DEVELOPMENT OF AFFORDABLE SINGLE AND MULTI-FAMILY HOUSING. 680409 -11013 HOME OWNERSHIP - ONE STOP SHOP FOR EDUCATION, COUNSELING, LENDING, AND REALTOR SERVICES. 6504630 true true false false false false false false false true true false false false true true true true false false false false false false false false false true true false false false false false false false false false false false false false true true false false false true 64 0 true 52 true true true false false false false false false false false false false false X 12 12 false false false false false false false true true false false true true true true true true true true false CO X ARTURO ALVARADO 3034281448 7305 LOWELL BLVD STE 200 WESTMINISTER CO 80030 STEPHANIE TEDY PRESIDENT 1.00 X X 0 0 0 LAUREN HORNETT VICE PRESIDE 1.00 X X 0 0 0 G LAVON SONNE TREASURER 1.00 X X 0 0 0 ABELLA NAVARRO SECRETARY 1.00 X X 0 0 0 SUE BECK-FERKISS DIRECTOR 1.00 X 0 0 0 MARK BERRY DIRECTOR 1.00 X 0 0 0 BELIA CASILLAS DIRECTOR 1.00 X 0 0 0 AL GOLD DIRECTOR 1.00 X 0 0 0 JOHN HALL DIRECTOR 1.00 X 0 0 0 GRACE HUERTA LUCERO DIRECTOR 1.00 X 0 0 0 MONIQUE JOHNSON DIRECTOR 1.00 X 0 0 0 JOANN SANDOVAL DIRECTOR 1.00 X 0 0 0 ARTURO ALVARADO EXECUTIVE DI 40.00 X 143284 0 6378 CURTIS SCHNEIDER DIR. OF FIN 40.00 X 129826 0 13770 273110 20148 2 false false false 3420323 37294 3457617 RENT - LOW INCOME HOUSING 2856372 2856372 LENDING FEE NET INCOME -11013 -11013 2845359 56585 56585 62399 64521 -2122 -2122 -2122 528527 418743 109784 109784 109784 MISC 336443 336443 336443 6803666 3181802 -2122 166369 691527 691527 974532 974532 150647 87307 59589 3751 1684983 971733 666027 47223 35154 20231 14129 794 238582 142235 95893 454 135714 78104 54547 3063 187640 187640 191077 138015 52696 366 11166 5515 4778 873 45584 22267 23317 65649 25998 39651 462755 328862 133893 113379 61280 51653 446 14788 2477 12311 755056 739970 15086 775529 766778 8751 119342 104254 15088 REPAIRS and MAINT 422240 400848 21392 INDIRECT EXPENSES 308065 242578 58634 6853 PREDEVELOPMENT EXPENSES 233269 233269 PROPERTY TAXES 170968 170968 143501 108242 35259 7931147 6504630 1362694 63823 1211802 1334668 921118 998818 340357 94799 1801747 1889722 6198683 7564900 16329 27498 30381190 4657219 26751198 25723971 540220 543399 1332374 1387914 432894 427984 39546722 39993673 459203 601216 132187 103550 17160775 16824226 500000 500000 1161154 2958759 19413319 20987751 X 18641145 17592868 1492258 1413054 20133403 19005922 39546722 39993673 X -1127481 X false true X true true true X 3466142 3472951 2631864 2813283 3457617 15841857 1760146 2113561 1685453 2809528 2845359 11214047 5226288 5586512 4317317 5622811 6302976 27055904 27055904 214859 251527 188663 146593 118984 920626 214859 251527 188663 146593 118984 920626 337108 190069 231975 22791 336443 1118386 5778255 6028108 4737955 5792195 6758403 29094916 0.92990 0.93850 0.03000 0.03000 X PART III, LINE 12 MISC 413,482 BAD DEBT RECOVERY 704,904 SUPPLEMENTAL INFORMATION INCOME RECEIVED FROM MULTIPLE EXEMPT PROGRAMS AS WELL AS INCOME RECEIVED FROM ACCOUNTING SERVICES PROVIDED UNDER THE EXEMPT STATUS WHICH WAS USED FOR THE EXEMPT PURPOSE OF COMMUNITY RESOURCE AND HOUSING. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 22502 5000 -2362 25140 15000 5000 2502 22502 15000 15000 1.00000 true false 5798138 1397933 7196071 22749280 4307011 18442269 141597 135000 6597 294242 215208 79034 25723971 INTER CO PAYABLE 2743964 TENANT SECURITY DEPOSIT 205032 INTEREST PAYABLE 9763 2958759 X 6868187 6868187 -64521 -64521 6803666 7995668 7995668 -64521 -64521 7931147 SCHEDULE D, PAGE 2, PART V, LINE 4 CHARITABLE PURPOSES BY THE BOARD OF DIRECTORS. SCHEDULE D, PAGE 3, PART X CRHDC FOLLOWS THE ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES ACCOUNTING STANDARD, WHICH REQUIRES CRHDC TO DETERMINE WHETHER A TAX POSITION (AND THE RELATED TAX BENEFIT) IS MORE LIKELY THAN NOT TO BE SUSTAINED UPON EXAMINATION BY THE APPLICABLE TAXING AUTHORITY, BASED SOLELY ON THE TECHNICAL MERITS OF THE POSITION. THE TAX BENEFIT TO BE RECOGNIZED IS MEASURED AS THE LARGEST AMOUNT OF BENEFIT THAT IS GREATER THAN FIFTY PERCENT LIKELY OF BEING REALIZED UPON SETTLEMENT, PRESUMING THAT THE TAX POSITION IS EXAMINED BY THE APPROPRIATE TAXING AUTHORITY THAT HAS FULL KNOWLEDGE OF ALL RELEVANT INFORMATION. DURING THE YEARS ENDED MARCH 31, 2023 AND 2022, CRHDC'S MANAGEMENT EVALUATED ITS TAX POSITIONS TO DETERMINE THE EXISTENCE OF UNCERTAINTIES, AND DID NOT NOTE ANY MATTERS THAT WOULD REQUIRE RECOGNITION OR WHICH MAY HAVE AN AFFECT ON ITS TAX-EXEMPT STATUS. SCHEDULE D, PAGE 4, PART XI, LINE 4B RENTAL EXPENSES - UBIT -64,521 SCHEDULE D, PAGE 4, PART XII, LINE 4B RENTAL EXPENSES - UBIT -64,521 true COMITE DE BIENESTAR 963 B ST SAN LUIS AZ 85349 860427342 501C3 194301 PASS THRU GRANTS COMMUNITY COUNCIL OF IDAHO 317 HAPPY DAY BLVD STE 250 CALDWELL ID 83607 820299736 501C3 126701 PASS THRU GRANT RMSER 3555 PECOS ST DENVER CO 80211 840826906 501C3 57875 PASS THRU GRANT TIERRA DEL SOL 210 IDAHO LAS CRUCES NM 88005 850227016 501C3 249650 PASS THRU GRANT GUADALUPE ECONOMIC SERVICES CORP 1502 ERSKINE ST LUBBOCK TX 79403 751867465 501C3 23925 PASS THRU GRANT SAN LUIS VALLEY FARM WORKERS HOUSIN 980 S BROADWAY CENTER CO 81125 841154001 501C3 37500 PASS THRU GRANT 6 RENT/UTILITY ASSISTANCE 17 17615 FOOD/FARM WORKER RELIEF 1566 942489 FORGIVEABLE LOAN ASST 3 14428 SCHEDULE I, PAGE 1, PART I, LINE 2 GRANT FUNDS ARE DISBURSED ONCE PROPER DOCUMENTATION OF EXPENDITURES ARE RECEIVED FROM SUB-GRANTEES. WE ALSO DO AN ANNUAL COMPLIANCE MONITORING TO REVIEW SUPPORTING DOCUMENTATION AND TO REVIEW REQUIRED EXTERNAL AUDITS OF SUB-GRANTEES. FORM 990, PAGE 6, PART VI, LINE 11B THE 990 IS REVIEWED BY THE EXECUTIVE DIRECTOR AND ACCOUNTING, THEN PRESENTED TO THE BOARD FOR REVIEW AND APPROVAL BEFORE FILING. FORM 990, PAGE 6, PART VI, LINE 12C THE PURPOSE OF THE CONFLICTS OF INTEREST POLICY IS TO PROTECT CRHDC'S INTEREST (AND THE INTEREST OF CRHDC'S AFFILIATES) WHEN IT IS CONTEMPLATING ENTERING INTO A TRANSACTION ARRANGEMENT THAT MIGHT BENEFIT THE PRIVATE INTEREST OF AN OFFICER OR DIRECTOR OF CRHDC. THIS POLICY IS INTENDED TO SUPPLEMENT BUT NOT REPLACE ANY APPLICABLE FEDERAL, STATE OR LOCAL LAWS GOVERNING CONFLICTS OF INTEREST APPLICABLE TO NONPROFIT AND CHARITABLE CORPORATIONS. . INTERESTED PERSON. ANY DIRECTOR, PRINCIPAL, OFFICER, OR MEMBER OF A COMMITTEE WITH BOARD DELEGATED POWERS WHO HAS A DIRECT OR INDIRECT FINANCIAL INTEREST, AS DEFINED BELOW, IS AN INTERESTED PERSON. . FINANCIAL INTEREST. A PERSON HAS A FINANCIAL INTEREST IF THE PERSON HAS, DIRECTLY OR INDIRECTLY, THROUGH BUSINESS, INVESTMENT OR FAMILY - (A) AN OWNERSHIP OR INVESTMENT INTEREST IN ANY ENTITY WITH WHICH CRHDC HAS A TRANSACTION OR ARRANGEMENT, (B) A COMPENSATION ARRANGEMENT WITH CRHDC OR WITH ANY ENTITY OR INDIVIDUAL WITH WHICH CRHDC HAS A TRANSACTION OR ARRANGEMENT, OR (C) A POTENTIAL OWNERSHIP OR INVESTMENT INTEREST IN, OR COMPENSATION ARRANGEMENT WITH, ANY ENTITY OR INDIVIDUAL WITH WHICH CRHDC IS NEGOTIATING A TRANSACTION OR ARRANGEMENT. COMPENSATION INCLUDES DIRECT AND INDIRECT RENUMERATION AS WELL AS GIFTS OR FAVORS THAT ARE SUBSTANTIAL IN NATURE. . DUTY TO DISCLOSE. IN CONNECTION WITH ANY ACTUAL OR POSSIBLE CONFLICT OF INTEREST, AN INTERESTED PERSON MUST DISCLOSE THE EXISTENCE AND NATURE OF HIS/HER FINANCIAL INTEREST AND MUST BE GIVEN THE OPPORTUNITY TO DISCLOSE ALL MATERIAL FACTS TO THE DIRECTORS (OR MEMBERS OF THE APPROPRIATE COMMITTEE WITH BOARD DELEGATED POWERS) CONSIDERING THE PROPOSED TRANSACTION OR UNDERTAKING. . DETERMINING WHETHER A CONFLICT OF INTEREST EXISTS. AFTER DISCLOSURE OF THE FINANCIAL INTEREST AND ALL MATERIAL FACTS, AND AFTER ANY DISCUSSION WITH THE INTERESTED PERSON, HE/SHE SHALL LEAVE THE BOARD OR COMMITTEE MEETING WHILE THE DETERMINATION OF A CONFLICT OF INTEREST IS DISCUSSED AND VOTED UPON. AFTER EXERCISING DUE DILIGENCE, THE BOARD OR COMMITTEE, IF APPROPRIATE, SHALL DETERMINE WHETHER CRHDC CAN OBTAIN A MORE ADVANTAGEOUS TRANSACTION OR ARRANGEMENT WITH REASONABLE EFFORTS FROM A PERSON OR ENTITY THAT WOULD NOT GIVE RISE TO A CONFLICT OF INTEREST. IF A MORE ADVANTAGEOUS TRANSACTION OR ARRANGEMENT IS NOT REASONABLY ATTAINABLE UNDER CIRCUMSTANCES THAT WOULD NOT GIVE RISE TO A CONFLICT OF INTEREST, THE BOARD OR COMMITTEE SHALL DETERMINE BY A MAJORITY VOTE OF THE DISINTERESTED DIRECTORS WHETHER THE TRANSACTION OR ARRANGEMENT IS IN CRHDC'S BEST INTEREST AND FOR ITS OWN BENEFIT AND WHETHER THE TRANSACTION IS FAIR AND REASONABLE TO CRHDC, AND SHALL MAKE ITS DECISION AS TO WHETHER TO ENTER INTO THE TRANSACTION OR ARRANGEMENT IN CONFORMITY WITH SUCH DETERMINATION. THE MINUTES OF THE BOARD AND ALL COMMITTEE WITH BOARD-DELEGATED POWERS SHALL RECORD THE NAMES OF ALL PERSONS PARTICIPATING IN THE MEETING, A SUMMARY OF THE DISCUSSION, INCLUDING ANY PROPOSED ALTERNATIVE ARRANGEMENTS, AND A RECORD OF ANY VOTES TAKEN IN CONNECTION WITH THE FINAL DETERMINATION. . ANNUAL STATEMENTS. EACH DIRECTOR, PRINCIPAL OFFICER AND MEMBER OF A COMMITTEE WITH BOARD-DELEGATED POWERS, SHALL ANNUALLY SIGN A STATEMENT WHICH AFFIRMS THAT SUCH PERSON (A) HAS RECEIVED A COPY OF THE CONFLICTS OF INTEREST POLICY, (B) HAS READ AND UNDERSTANDS THE POLICY, (C) HAS AGREED TO COMPLY WITH THE POLICY, AND (D) UNDERSTANDS THAT CRHDC IS A CHARITABLE ORGANIZATION AND THAT IN ORDER TO MAINTAIN ITS FEDERAL TAX-EXEMPTION, IT MUST ENGAGE PRIMARILY IN ACTIVITIES WHICH ACCOMPLISH ONE OR MORE IF ITS TAX-EXEMPT PURPOSES. . PERIODIC REVIEWS. TO ENSURE THAT CRHDC OPERATES IN A MANNER CONSISTENT WITH ITS CHARITABLE PURPOSES AND THAT IT DOES NOT ENGAGE IN ACTIVITIES THAT COULD JEOPARDIZE ITS STATUS AS AN ORGANIZATION EXEMPT FROM FEDERAL INCOME TAX, PERIODIC REVIEWS OF THE CONFLICTS OF INTEREST POLICY AND REQUIREMENTS SHALL BE CONDUCTED. FORM 990, PAGE 6, PART VI, LINE 15A THE EXECUTIVE DIRECTOR IS REVIEWED AND APPROVED BY COMMUNITY RESOURCES AND HOUSING DEVELOPMENT CORPORATION'S (CRHDC)BOARD PRESIDENT, AND HIS COMPENSATION IS APPROVED BY THE BOARD'S BUDGET APPROVAL PROCESS. FORM 990, PAGE 6, PART VI, LINE 15B KEY EMPLOYEES AND OTHER EMPLOYEES ARE REVIEWED BY THE EXECUTIVE DIRECTOR OF COMMUNITY RESOURCES AND HOUSING DEVELOPMENT CORPORATION AND COMPENSATION IS APPROVED BY THE EXECUTIVE DIRECTOR. FORM 990, PAGE 6, PART VI, LINE 19 THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST. THE ORGANIZATION FILES FORM 990 AND MAKES THE FORM PUBLICLY AVAILABLE FOR A PERIOD OF THREE YEARS FROM THE DATE IT IS ACTUALLY FILED. 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