Overview
What is Denver Cultural Property Trust?
The Denver Cultural Property Trust is a nonprofit organization located at 1881 16TH STREET SUITE 500, Denver, CO 80202. Its primary mission is to provide affordable housing and enterprise space for the local cultural community. The trust plans to achieve this goal by purchasing properties through donations and financing. The revenue generated from renting these spaces will help fund the organization's operations, ultimately aiming to expand cultural offerings in the Denver area and alleviate government burdens by providing affordable rent for both enterprises and residences. The trust's long-term strategy involves purchasing key properties to maintain them as affordable, rent-stable spaces in perpetuity, thereby supporting the city's creative workforce and the organizations that sustain them.
Is Denver Cultural Property Trust legitimate?
Denver Cultural Property Trust is a legitimate nonprofit organization registered as a 501(c)(3) entity. Denver Cultural Property Trust 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: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
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What is the mission statement of Denver Cultural Property Trust?
The Denver Cultural Property Trust was established with a mission to develop more equitable housing solutions for the local cultural community. This not-for-profit organization invests in strategically located residences and enterprise spaces to provide affordable, long-term rent stable opportunities for the city's creative workforces and the organizations that support them. The trust aims to purchase key properties and steward them on an affordable, rent-stable basis in perpetuity, thereby lessening burdens on government by providing affordable rent that might not otherwise be available for enterprise space and residences. Through its operations, the trust expects to expand the cultural talent and offerings in the Denver area.
Who is the CEO of Denver Cultural Property Trust?
Mark G Falcone is the President of Denver Cultural Property Trust.
What is the revenue of Denver Cultural Property Trust?
Denver Cultural Property Trust's revenue in 2022 was $341,188.
Who are the executives of Denver Cultural Property Trust and what are their salaries?
Here are 3 key members and their salaries:
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Where can I find the form 990 for Denver Cultural Property Trust?
Denver Cultural Property Trust's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Denver Cultural Property Trust
The Denver Cultural Property Trust, a not-for-profit organization, was established with a mission to promote more equitable housing solutions for the local cultural community. The Trust invests in strategically located residences and enterprise spaces, ensuring affordable, long-term rent stable opportunities for the city's creative workforces and the organizations that support them. By purchasing key properties, the Trust aims to steward them on an affordable, rent-stable basis in perpetuity, contributing to the expansion of cultural talent and offerings in the Denver area. The organization lessens the burdens of government by providing affordable rent that might not otherwise be available for enterprise space and residences, thereby fostering a thriving cultural scene.
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Impact
October, 2024
The Denver Cultural Property Trust significantly enhances the local cultural landscape by providing affordable housing and enterprise spaces tailored for the creative community. By strategically purchasing properties through financial donations and rental income, the organization creates long-term, rent-stable opportunities essential for artists and cultural organizations in the Denver area.
This initiative not only fosters a vibrant cultural scene by alleviating housing burdens but also supports the local economy. With affordable options for residences and workspaces, the trust helps retain artistic talent and encourages collaborative projects, thereby enriching Denver's cultural offerings. Ultimately, by securing these vital resources, the trust contributes to a more equitable and diverse urban environment that benefits the entire community.
This information is meant to be a general summary of Denver Cultural Property Trust. 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: $5
- Program Service Revenue: $312,573
- Gross Receipts: $341,188
Assets and Liabilities:
- Total Assets: $7,827,060
- Total Liabilities: $8,400,880
- Net Assets: -$573,820
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RENTAL INCOME - RESIDE
Revenue
$213,323
RENTAL INCOME - COMMER
Revenue
$99,250
Organization Details
Founding Year
2021
Phone
(720) 946-4672Principal Officer
Mark G Falcone
Main Address
1881 16TH STREET SUITE 500, DENVER, CO, 80202
NTEE Category
Code: S19 - Community improvement
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