Overview
What is Boulder Housing Coalition?
Boulder Housing Coalition is a nonprofit organization situated in Denver, Colorado, specifically at 901 North Clarkson Street, that plays a vital role in offering affordable cooperative housing to the residents of Boulder County. The organization's primary mission is achieved through the management of two permanent rental cooperatives, housing around 40 low-income individuals, many of whom earn less than 30% of the area's median income. These properties were acquired with the help of grants from local entities such as the City of Boulder and the County of Boulder. Notably, the properties are owned in collaboration with Boulder Housing Partners, and this joint ownership results in a property tax exemption by state statute. Furthermore, North Haven Community Ownership LLC, which manages these properties, is associated with the education programs mentioned in activity 4b, which is also overseen by the Boulder Housing Coalition.
Official website here: www.boulderhousingcoalition.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 71%, Two-Star out of Four Star Rating
Boulder Housing Coalition has received a Two-Star rating from Charity Navigator, indicating it has room for improvement. The organization's overall score of 71% reflects its strong accountability and financial practices, particularly highlighted by its 100% independent board members and a solid program expense ratio of 90.64%. These factors suggest that a significant portion of its resources is dedicated to its mission.
However, the organization faces significant challenges in its financial documentation, scoring no points for financial statements. While it has shown strength in governance policies, the lack of transparency in financial reporting may raise concerns for potential donors and stakeholders regarding its financial health and sustainability.
Overall, while Boulder Housing Coalition exhibits strong governance practices, its financial reporting shortcomings could limit its perceived reliability and effectiveness as a nonprofit organization. Addressing these issues could enhance its credibility and attract more support in the future.
This AI summary has been generated from information found on Charity Navigator.
Is Boulder Housing Coalition legitimate?
Boulder Housing Coalition is a legitimate nonprofit organization registered as a 501(c)(3) entity. Boulder Housing Coalition submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $58,962
Professional Fundraising Fees: $0
Other Salaries and Wages: $43,584
For more financial information, click here
Official website here: www.boulderhousingcoalition.org
What is the mission statement of Boulder Housing Coalition?
The Boulder Housing Coalition's mission is centered around providing affordable cooperative housing opportunities. This organization strives to cater to the needs of individuals within Boulder County, Colorado, ensuring that housing remains within their reach. Through its efforts, the Boulder Housing Coalition manages two affordably priced rental cooperatives, primarily housing individuals whose income falls below 30% of the area's median income. The organization's initiatives are often supported by grants from local entities such as the City of Boulder and the County of Boulder. Additionally, the Boulder Housing Coalition collaborates with other organizations in various educational programs, further contributing to its mission.
Official website here: www.boulderhousingcoalition.org
Who is the CEO of Boulder Housing Coalition?
Kurt Nordback is the Executive Dir. of Boulder Housing Coalition.
Official website here: www.boulderhousingcoalition.org
What is the revenue of Boulder Housing Coalition?
Boulder Housing Coalition's revenue in 2022 was $711,052.
Official website here: www.boulderhousingcoalition.org
Who are the executives of Boulder Housing Coalition and what are their salaries?
The average compensation at Boulder Housing Coalition during 2022 was $20,509. There are 5 employees and 75 volunteers at Boulder Housing Coalition.
Here are 10 key members and their salaries:
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Official website here: www.boulderhousingcoalition.org
Where can I find the form 990 for Boulder Housing Coalition?
Boulder Housing Coalition's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.boulderhousingcoalition.org
Learn more at the official website: www.boulderhousingcoalition.org
Mission Statement of Boulder Housing Coalition
The Boulder Housing Coalition, as a nonprofit organization, is dedicated to providing affordable cooperative housing opportunities for the residents of Boulder County, Colorado. In line with this mission, the coalition works tirelessly to ensure that affordable housing is within reach for individuals whose income falls below 30% of the area's median income. This is achieved through the ownership and management of two cooperative rental properties in Boulder, Colorado. These properties, home to around 40 low-income residents, are acquired with the assistance of grants from both the City of Boulder and the County of Boulder. It's worth noting that these properties are owned in partnership with Boulder Housing Partners, and as per state statute, this collaboration grants them a property tax exemption. The Boulder Housing Coalition is also involved in educational programs, further contributing to its mission of promoting affordable housing.
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Impact
July, 2024
Boulder Housing Coalition provides affordable cooperative housing to the people of Boulder County, Colorado. Through its ownership and management of two permanently affordable rental cooperatives in Boulder, the organization directly impacts the lives of 40 low-income residents, the majority of whom earn below 30% of the area's median income. The houses were acquired with the assistance of affordable housing grants from the City of Boulder and the County of Boulder. Furthermore, all buildings are owned in partnership with Boulder Housing Partners, which secures a property tax exemption by state statute. Through its mission of providing affordable housing, Boulder Housing Coalition plays a crucial role in addressing the housing needs of the community it serves.
This information is meant to be a general summary of Boulder Housing Coalition. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Investment Income: $6,583
- Program Service Revenue: $589,544
- Gross Receipts: $711,052
Assets and Liabilities:
- Total Assets: $4,589,495
- Total Liabilities: $2,923,775
- Net Assets: $1,665,720
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
Late rent fees
Revenue
$1,035
Rental income
Revenue
$588,509
Organization Details
Founding Year
1999
Phone
(303) 883-2526Principal Officer
Kurt Nordback
Main Address
901 North Clarkson Street, Denver, CO, 80218
NTEE Category
Code: L25 - Housing
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