2024-11-15T12:15:00-06:00 2023-12-31 943108253 NOVOGRADAC & COMPANY LLP PO BOX 7833 SAN FRANCISCO CA 941207833 990 2023-01-01 840783694 DEL NORTE NEIGHBORHOOD DEVELOPMENT CORPORATION DELN 3034774774 3275 WEST 14TH AVENUE 202 DENVER CO 80204 HEIDI PETERSON EXECUTIVE DIRECTOR 3034774774 2024-11-15 1 0 MELISSA CHUNG P01800871 4153568000 2023 2024-10-15 13:58:12Z HEIDI PETERSON 3275 WEST 14TH AVE 202 DENVER CO 80204 4527270 0 X WWW.DELNORTENDC.ORG X 1978 CO TO CREATE AND PRESERVE LOW INCOME HOUSING AND OTHER OPPORTUNITIES FOR UNDERSERVED HOUSEHOLDS, INCLUDING THOSE THAT ARE LOW AND MODERATE INCOME, SPANISH-SPEAKING AND THOSE WITH SPECIAL NEEDS. THE CORE VALUES STATE THAT ALL PERSONS, WITHOUT DISCRIMINATION, HAVE THE RIGHT TO DECENT, SAFE AND SANITARY HOUSING; AND THAT SERVICES FOR SPECIAL NEEDS POPULATIONS NOT ONLY BENEFIT THE SERVICE RECIPIENTS, BUT ALSO FOSTER HEALTHY NEIGHBORHOODS. 8 8 10 0 92072 0 1195237 662934 2163112 2054295 335229 1620286 0 0 3693578 4337515 0 0 0 0 734110 956238 0 0 0 3580670 3169057 4314780 4125295 -621202 212220 33211488 30481983 11425453 10768482 21786035 19713501 TO CREATE AND PRESERVE LOW INCOME HOUSING AND OTHER OPPORTUNITIES FOR UNDER SERVED HOUSEHOLDS, INCLUDING THOSE WITH LOW TO MODERATE INCOME THAT ARE SPANISH SPEAKING AND THOSE WITH SPECIAL NEEDS. 0 0 2761552 2098390 OPERATE DECENT, SAFE, AND SANITARY HOUSING AFFORDABLE TO ALL LOW INCOME TO RESIDENTS, INCLUDING THE ELDERLY, DISABLED, AND SPECIAL NEEDS FAMILIES AND INDIVIDUALS WITHIN THE DENVER METRO AREA 1982 280983 PROVIDE ONE-ON-ONE COUNSELING TO FAMILIES AND INDIVIDUALS LOW/MODERATE-INCOME WITH THE PURPOSE OF HELPING THEM TO REACH THEIR GOAL OF PURCHASING A HOME. IN ONE-ON-ONE COUNSELING THE FAMILIES WILL LEARN HOW TO BUDGET, HOW TO BUILD AND ESTABLISH CREDIT, HOW TO SAVE, LENDING PROCESS AND MORTGAGE OPTIONS, BE AWARE OF PREDATORY LENDERS AND HOME MAINTENANCE. 2763534 1 1 0 0 0 0 0 0 1 0 1 0 0 1 1 1 0 0 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 24 0 1 10 1 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 X 8 8 0 0 0 0 0 0 0 1 1 0 0 0 1 1 1 1 1 1 1 1 1 CO X THE ORGANIZATION 3034774774 3275 WEST 14TH AVENUE 202 DENVER CO 80204 DEBORAH ORTEGA PRESIDENT 1.00 X X 0 0 0 DOLORES MORENO DIRECTOR 1.00 X 0 0 0 FEDERICO ALVAREZ DIRECTOR 1.00 X 0 0 0 JUDE DEL HIERRO DIRECTOR 1.00 X 0 0 0 JOANNA MARTINEZ DIRECTOR 1.00 X 0 0 0 TIMOTHY SANDOS DIRECTOR 1.00 X 0 0 0 TAMMIE CARROL DIRECTOR 1.00 X 0 0 0 JOE LASSER DIRECTOR 1.00 X 0 0 0 HEIDI PETERSON EXECUTIVE DIRECTOR 40.00 X 148822 0 17075 148822 0 17075 1 0 1 0 LADIES OF LOOMIS LLC 1614 200TH LANE OCEAN PARK WA 98640 CONSULTING 182000 1 384451 278483 662934 RENTAL INCOME 531110 1943951 1851879 92072 MISCELLANEOUS INCOME AND FEES 531110 59983 59983 MANAGEMENT INCOME 531110 50361 50361 2054295 1203136 1203136 606905 189755 417150 417150 417150 4337515 2379373 92072 1203136 148822 148822 611228 45319 565909 16231 16231 106510 34 106476 73447 10818 62629 20341 20341 13329 3176 10153 62941 62941 850 850 309826 309826 359275 348296 10979 17892 16848 1044 REPAIRS AND MAINTENANCE 1070515 829478 241037 GENERAL AND ADMINSTRATI 760903 635712 125191 UTILITIES 340185 339503 682 TAXES 161311 151644 9667 51689 51689 4125295 2763534 1361761 0 482360 611321 1230639 1476446 2032114 1251572 10160613 9786054 114632 118593 72352 82581 13380227 4820873 9024047 8559354 10094731 8596062 33211488 30481983 561587 612412 10772805 9598286 91061 557784 11425453 10768482 X 21539123 19466589 246912 246912 21786035 19713501 33211488 30481983 X 212220 -347347 -1937407 X X 0 0 1 0 X 1357902 992776 1204533 1195237 662934 5413382 2251760 3052313 1835502 1978404 2379373 11497352 3609662 4045089 3040035 3173641 3042307 16910734 0 0 0 16910734 3449081 292641 386767 335229 1203136 5666854 1059 -17598 -30355 -35701 2198 -80397 3450140 275043 356412 299528 1205334 5586457 7059802 4320132 3396447 3473169 4247641 22497191 0.75170 0.78380 0.24830 0.21620 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 0 3354829 3354829 9243152 4200243 5042909 57000 25971 31029 725246 594659 130587 8559354 AFFILIATE RECEIVABLE 696814 INTEREST RECEIVABLE ON NOTES RECEIVABLE 4320115 INTANGIBLE ASSETS, NET 3971 CONSTRUCTION IN PROGRESS 3575162 8596062 REFUNDABLE SECURITY DEPOSITS 57837 PREPAID RENT 54808 INVESTMENT IN HOUSING ENTITIES 445139 557784 X PART X, LINE 2: DNNDC IS EXEMPT FROM FEDERAL INCOME TAXES UNDER IRC SECTION 501(C)(3). IN ADDITION, DNNDC QUALIFIES FOR THE CHARITABLE CONTRIBUTION DEDUCTION UNDER SECTION 170(B)(1)(A) AND HAS BEEN CLASSIFIED AS AN ORGANIZATION OTHER THAN A PRIVATE FOUNDATION UNDER SECTION 509(A)(2). HOWEVER, INCOME FROM CERTAIN ACTIVITIES NOT DIRECTLY RELATED TO DNNDC'S TAX-EXEMPT PURPOSE IS SUBJECT TO TAXATION AS UNRELATED BUSINESS INCOME. 35TH AVENUE, DNBT, DNCHC, DNHD, 1421, AND VH ARE FOR-PROFIT ENTITIES. ACTIVITIES UNRELATED TO THE MISSION OF DNNDC AND ITS AFFILIATES COULD RESULT IN UNRELATED BUSINESS INCOME TAX LIABILITY. AC'S ACTIVITY CONSTITUTED UNRELATED BUSINESS LOSS OF $54,891 AND $96,717, FOR THE YEARS ENDED DECEMBER 31, 2023 AND 2022, RESPECTIVELY. THE ACTIVITIES OF CCDLB, AVGP, VALLEJO, AC, CHESNEY, AND EMFGP ARE PRESENTED IN DNNDC'S INCOME TAX RETURN. INCOME TAXES ON PARTNERSHIP (AND LIMITED LIABILITY COMPANY TREATED AS A PARTNERSHIP FOR TAX) INCOME ARE LEVIED ON THE PARTNERS (AND MEMBERS) IN THEIR INDIVIDUAL CAPACITY. ACCORDINGLY, ALL PROFITS AND LOSSES OF THE LIMITED PARTNERSHIPS ARE RECOGNIZED BY EACH PARTNER (AND MEMBER) ON ITS RESPECTIVE TAX RETURN. THE PREPARATION OF CONSOLIDATED FINANCIAL STATEMENTS IN ACCORDANCE WITH ACCOUNTING PRINCIPLES GENERALLY ACCEPTED IN THE UNITED STATES OF AMERICA REQUIRES THE ORGANIZATION TO REPORT INFORMATION REGARDING ITS EXPOSURE TO VARIOUS TAX POSITIONS TAKEN BY THE ORGANIZATION. THE ORGANIZATION HAS DETERMINED WHETHER ANY TAX POSITIONS HAVE MET THE RECOGNITION THRESHOLD AND HAVE MEASURED THE ORGANIZATION'S EXPOSURE TO THOSE TAX POSITIONS. MANAGEMENT BELIEVES THAT THE ORGANIZATION HAS ADEQUATELY ADDRESSED ALL RELEVANT TAX POSITIONS AND THAT THERE ARE NO UNRECORDED TAX LIABILITIES. FEDERAL AND STATE TAX AUTHORITIES GENERALLY HAVE THE RIGHT TO EXAMINE AND AUDIT THE PREVIOUS THREE YEARS OF TAX RETURNS FILED. ANY INTEREST OR PENALTIES ASSESSED TO THE ORGANIZATION ARE RECORDED IN OPERATING EXPENSES. NO INTEREST OR PENALTIES FROM FEDERAL OR STATE TAX AUTHORITIES WERE RECORDED IN THE ACCOMPANYING CONSOLIDATED FINANCIAL STATEMENTS. X 0 0 0 0 0 0 0 0 0 HEIDI PETERSON EXECUTIVE DIRECTOR 148822 0 0 0 0 0 14687 0 2388 0 165897 0 0 0 FORM 990, PART VI, SECTION B, LINE 11B ORGANIZATION'S PROCESS TO REVIEW FORM 990 THE FINAL FORM 990 IS REVIEWED AND APPROVED BY LAURA TRUJILLO, THE ACCOUNTING CONSULTANT, AND HEIDI PETERSON, THE EXECUTIVE DIRECTOR, IN ITS ENTIRETY BEFORE FORM 990 IS FILED WITH THE INTERNAL REVENUE SERVICE. FORM 990, PART VI, SECTION B, LINE 12C ENFORCEMENT OF CONFLICTS POLICY NO EMPLOYEE SHOULD KNOWINGLY HAVE AN INTEREST, DIRECT OR INDIRECT, IN ANY PROPERTY INCLUDED OR PLANNED TO BE INCLUDE IN ANY PROJECT OF DEL NORTE; NOR SHOULD HE/SHE KNOWINGLY HAVE ANY INTEREST, DIRECT OR INDIRECT IN ANY CONTRACT OR PROPOSED CONTRACT FOR MATERIALS OR SERVICES TO BE USED BY DEL NORTE. IF SUCH INTEREST WAS ACQUIRED PRIOR TO HIS/HER EMPLOYMENT, HE/SHE SHOULD DISCLOSE THE SAME IN WRITING TO MANAGEMENT. EMPLOYEES SHOULD ALSO AVOID BENEFITING FINANCIALLY BY REASON OF THE ACTIVITIES OF DEL NORTE WITH OUTSIDE PARTIES. ALL QUESTIONS WHETHER A SITUATION IS A CONFLICT OF INTEREST SHOULD BE DISCUSSED WITH A SUPERVISOR. IF IT REMAINS UNRESOLVED, THE MATTER SHOULD BE REFERRED TO THE EXECUTIVE DIRECTOR FOR A FINAL DETERMINATION. FORM 990, PART VI, SECTION B, LINE 15 COMPENSATION PROCESS FOR TOP OFFICIAL DETERMINED IN THE BUDGET PROCESS. COMPENSATION PROCESS FOR OFFICERS ONCE BUDGET IS DRAFTED, PROPOSED COMPENSATION IS PRESENTED TO THE BOARD OF DIRECTORS FOR APPROVAL. IF APPROVED, IT IS GIVEN TO PAYROLL TO PROCESS. FORM 990, PART VI, SECTION C, LINE 19 GOVERNING DOCUMENTS DISCLOSURE EXPLANATION 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. FORM 990, PART XI, LINE 9: TRANSFER FROM INTERRELATED ORGANIZATIONS -1,937,407. PART XII, LINE 3B THE AUDIT OF THE CONSOLIDATED FINANCIAL STATEMENTS OF THE ORGANIZATION IS IN PROGRESS. THERE HAVE BEEN UNFORESEEN CIRCUMSTANCES GATHERING DOCUMENTS, CAUSING A DELAY OF THE AUDIT. THE ORGANIZATION'S MANAGEMENT IS WORKING CLOSELY WITH THE AUDITOR TO COMPLETE THE AUDIT OF THE CONSOLIDATED FINANCIAL STATEMENTS. COLORADO COMMUNITY DEVELOPMENT LAND BANK 3275 W 14TH AVENUE 202 DENVER CO 80204 462362936 HOLD LAND CO -3421 392588 DEL NORTE NEIGHBORHOOD DEVELOPMENT CORPORATION DEL NORTE AVONDALE LLC 3275 W 14TH AVENUE 202 DENVER CO 80204 301781403 HOUSING CO -39 -281 DEL NORTE NEIGHBORHOOD DEVELOPMENT CORPORATION DEL NORTE'S CHESNEY KLEINJOHN LLC 3275 W 14TH AVENUE 202 DENVER CO 80204 462187789 HOUSING CO 60445 587630 DEL NORTE NEIGHBORHOOD DEVELOPMENT CORPORATION AVONDALE COMMERCIAL LLC 3275 W 14TH AVENUE 202 DENVER CO 80204 473167191 COMMERCIAL RENTAL CO -54891 949769 DEL NORTE NEIGHBORHOOD DEVELOPMENT CORPORATION ROMEO'S PLACE LTD 3275 W 14TH AVENUE 202 DENVER CO 80204 841462428 HOUSING CO -80201 189109 DEL NORTE NEIGHBORHOOD DEVELOPMENT CORPORATION EMERSON FLATS GP LLC 3275 W 14TH AVENUE 202 DENVER CO 80204 832382982 HOUSING CO -16 33 DEL NORTE NEIGHBORHOOD DEVELOPMENT CORPORATION DENVER REVITALIZATION PARTNERSHIP VII LTD 3275 WEST 14TH AVENUE 202 DENVER CO 80204 841141141 HOUSING CO -747 0 0 HOUSING IS VITAL LP 3275 WEST 14TH AVENUE 202 DENVER CO 80204 841520198 HOUSING CO RELATED -105572 1092189 0 0 0.99990 JUAN DIEGO PARTNERSHIP LLLP 3275 WEST 14TH AVENUE 202 DENVER CO 80204 208453845 HOUSING CO -55868 2114189 0 0 EMERSON FLATS LLLP 3275 WEST 14TH AVENUE 202 DENVER CO 80204 832372319 HOUSING CO 0 0 AVONDALE APARTMENTS LLLP 3275 WEST 14TH AVENUE 202 DENVER CO 80204 611711598 HOUSING CO 0 0 VETERANS APARTMENTS LLLP 3275 WEST 14TH AVENUE 202 DENVER CO 80204 271599396 HOUSING CO 0 0 35TH AVENUE CORPORATION 3275 WEST 14TH AVENUE 202 DENVER CO 80204 841032159 HOUSING CO DEL NORTE NEIGHBORHOOD DEVELOPMENT CORPORATION C 59965 1.00000 0 DEL NORTE BROADWAY TERRACE CORPORATION 3275 WEST 14TH AVENUE 202 DENVER CO 80204 841093123 HOUSING CO DEL NORTE NEIGHBORHOOD DEVELOPMENT CORPORATION C 144148 1.00000 0 DEL NORTE HOUSING DEVELOPMENT LLC 3275 WEST 14TH AVENUE 202 DENVER CO 80204 208453651 HOUSING CO DEL NORTE NEIGHBORHOOD DEVELOPMENT CORPORATION C -635754 1.00000 0 VETERANS HOUSING LLC 3275 WEST 14TH AVENUE 202 DENVER CO 80204 450926208 HOUSING CO DEL NORTE NEIGHBORHOOD DEVELOPMENT CORPORATION C -144 1.00000 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 HOUSING IS VITAL LP P 86739 COST JUAN DIEGO PARTNERSHIP LLLP P 171647 COST JUAN DIEGO PARTNERSHIP LLLP A 88686 INTEREST VETERANS APARTMENTS LLLP A 11578 INTEREST AVONDALE APARTMENTS LLLP A 287759 INTEREST