2025-06-05T17:30:16-04:00 2024-12-31 203746583 TAYLOR ROTH AND COMPANY 1580 LINCOLN ST STE 520 DENVER CO 802031517 990 2024-01-01 841476894 THE INN BETWEEN OF LONGMONT INC INNB 3036840810 515 KIMBARK ST SUITE 107 LONGMONT CO 80501 TIMOTHY RAKOW EXECUTIVE DIRECTOR 3036840810 2025-06-05 true true KEN ROTH P01389203 3038308109 2025-06-05 2024 2025-03-06 01:10:19Z TIMOTHY RAKOW 515 KIMBARK ST SUITE 107 LONGMONT CO 80501 3749044 false X WWW.THEINNBETWEEN.ORG X 1993 CO TO PROVIDE AFFORDABLE HOUSING AND PROMOTE STABILITY TO DIVERSE FAMILIES AND INDIVIDUALS BY UTILIZING COMMUNITY RESOURCES, SUPPORT SERVICES, ADVOCACY, AND LIFE SKILL TRAINING. 12 12 12 37 0 1159808 2722403 838763 984065 11901 23013 12396 13776 2022868 3743257 0 0 845907 968157 0 195679 1203012 1109108 2048919 2077265 -26051 1665992 4552177 6475202 2014447 2260164 2537730 4215038 X TO PROVIDE AFFORDABLE HOUSING AND PROMOTE STABILITY TO DIVERSE FAMILIES AND INDIVIDUALS BY UTILIZING COMMUNITY RESOURCES, SUPPORT SERVICES, ADVOCACY, AND LIFE SKILL TRAINING. false false 1675756 984065 THE INN BETWEEN VIEWS STABLE HOUSING AS THE FOUNDATION FOR FUTURE GROWTH AND SUPPLEMENTAL SUPPORTIVE SERVICES AS THE EDIFICE FOR LONG-TERM STABILITY. AFFORDABLE HOUSING IS A CRITICAL COMPONENT OF CREATING THRIVING, VIBRANT COMMUNITIES, BUILDING STRONG FAMILIES, AND RECONCILING RACIAL INEQUITIES IN WEALTH, HEALTH, AND EDUCATION. AFFORDABILITY MEANS THAT HOUSING COSTS ARE 30% AMI. ACCORDING TO NUMEROUS STUDIES AND PROMOTED LARGELY BY HUD, QUALITY, STABLE HOUSING, IS A FOUNDATION FOR SELF-SUFFICIENCY. CHILDREN PERFORM BETTER IN SCHOOL, IT CAN ALLOW ADULTS TO RE-ENTER THE WORKFORCE, PURSUE HIGHER EDUCATION, AND DEVELOP NEW SKILLS. -------------------- CONTINUED ON SCHEDULE O ---------------------- 1675756 true true false false false false false false false true true false false false true false true false false false false false false false false false false false false false false false false false false false false false false false false false false false false false false true 12 0 true 12 true false 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 false true true true true true true false false X X X THE INN BETWEEN LONGMONT INC 3036840810 515 KIMBARK ST SUITE 107 LONGMONT CO 80501 TIMOTHY RAKOW EXECUTIVE DI 40.00 X 127379 0 12206 MALIK SOMMERS PRESIDENT 5.00 X X 0 0 0 CHRIS RAY VICE PRESIDE 5.00 X X 0 0 0 KELLI SMITH SECRETARY 5.00 X X 0 0 0 FRANCESCA SALAZAR-SALAS TREASURER 5.00 X X 0 0 0 CHAD RENNICKE BOARD MEMBER 3.00 X 0 0 0 ELDON MAST BOARD MEMBER 3.00 X X 0 0 0 ANNE MARIE POLICH BOARD MEMBER 3.00 X 0 0 0 NORMA ALBA BOARD MEMBER 3.00 X 0 0 0 ANDREA LUNZER BOARD MEMBER 3.00 X 0 0 0 JESSE TURNER BOARD MEMBER 3.00 X 0 0 0 TYRONE BRANCH JR BOARD MEMBER 3.00 X 0 0 0 DOUG SCHMIDT BOARD MEMBER 3.00 X 0 0 0 TERRY VRATNY PAST PRESIDE 3.00 X X 0 0 0 127379 12206 1 false false false 227113 2495290 2722403 RENTAL INCOME 532000 984065 984065 984065 23013 23013 12594 5787 6807 6807 ALL OTHER 900099 6969 6969 6969 3743257 991034 29820 139585 102051 16304 21230 657353 480572 76807 99974 17340 12677 2025 2638 84233 61583 9838 12812 69646 50914 8141 10591 25015 25015 61588 61588 44735 28410 16325 21869 15988 2555 3326 71847 52527 8394 10926 355254 339716 8381 7157 56553 56553 261154 261154 122275 110047 7337 4891 TENANT EXPENSES 42491 42491 DUES & SUBSCRIPTIONS 30822 22533 3601 4688 BAD DEBTS 8142 8142 STAFF DEVELOPMENT 7363 5383 859 1121 2077265 1675756 205830 195679 399719 1432628 37496 800000 15353 46937 5367 6115 7279043 3254284 3938674 4024759 155568 164763 4552177 6475202 94098 103716 1827314 2095446 5730 87305 61002 2014447 2260164 X 2358164 2435362 179566 1779676 2537730 4215038 4552177 6475202 1665992 11316 X false true X true false X 1488107 728867 973116 1159808 2722403 7072301 1488107 728867 973116 1159808 2722403 7072301 1013115 6059186 4358 699 2489 11901 23013 42460 7114761 4274148 0.85160 0.98800 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 109689 27832 11316 148837 63232 36207 10250 109689 67738 3989 -8495 63232 32612 30890 4236 67738 23444 6100 3068 32612 0.50220 0.49780 true false 78600 78600 7194844 3248685 3946159 5599 5599 4024759 SECURITY DEPOSITS - TENANTS:SECURITY 45076 OFFICE LEASE OBLIGATION 15926 61002 3754573 11316 11316 3743257 3743257 2077265 2077265 2077265 SCHEDULE D, PAGE 2, PART V, LINE 4 CONTRIBUTIONS ARE HELD IN PERPETUITY. THE ORGANIZATION MAY TAKE AN ANNUAL DISTRIBUTION OF UP TO 4% OF THE FUND. IN AN EMERGENCY, WITH A 3/4 VOTE OF THE BOARD OF DIRECTORS, THE ORGANIZATION COULD CHOOSE TO TAKE A HIGHER DISTRIBUTION, OR TERMINATE THE FUND. FORM 990, PAGE 1, PART I, LINE 6 IN 2024, 37 INDIVIDUALS CONTRIBUTED 991 HOURS OF TIME FOR A TOTAL VALUE OF 31,226.41 BASED ON 31.51 PER HOUR ACCORDING TO THE 2024 COLORADO INDEPENDENT SECTOR'S VALUE OF VOLUNTEER TIME. ONE HUNDRED AND TWENTY LOCAL INDIVIDUALS AND BUSINESSES PROVIDED IN-KIND GOODS AND SERVICES TO SUPPORT THE AGENCY AND/OR INN BETWEEN RESIDENTS WITH A REPORTED VALUE OF 40,017.49 FORM 990, PART III FOR 31 YEARS, THE INN BETWEEN (TIB) HAS LED THE CHARGE IN COMBATING HOMELESSNESS IN THE ST. VRAIN VALLEY. INITIALLY, OPERATING UNDER FAMILY EXTENSIONS, TIB WAS ESTABLISHED IN 1993 BY 23 COMMUNITY AGENCIES AIMING TO PROVIDE AFFORDABLE HOUSING AND SUPPORT SERVICES TO BREAK THE CYCLE OF HOMELESSNESS. IT GAINED INDEPENDENT 501(C)(3) STATUS IN 1999. WHAT STARTED WITH 31 UNITS HAS GROWN TO 87 UNITS ACROSS SIX BUILDINGS IN LONGMONT. THE INN BETWEEN SERVES LOW-INCOME INDIVIDUALS AND FAMILIES BY PROVIDING NOT ONLY AFFORDABLE HOUSING BUT ALSO COMPREHENSIVE, INDIVIDUALIZED SUPPORT SERVICES DESIGNED TO PROMOTE LONG-TERM STABILITY, ECONOMIC INDEPENDENCE, AND SELF-SUFFICIENCY. OUR HOUSING PROGRAMS ARE STRUCTURED TO MEET THE VARYING NEEDS OF LOW-INCOME HOUSEHOLDS, INCLUDING: PERMANENT HOUSING (PH): PROVIDES LONG-TERM, AFFORDABLE HOUSING FOR SENIORS, INDIVIDUALS WITH DISABILITIES, AND THOSE WITH COMPLEX NEEDS, ALONG WITH GUIDANCE TO ESSENTIAL THERAPEUTIC SUPPORTS. NEXT STEP HOUSING (NSH): PROVIDES LONG-TERM, AFFORDABLE HOUSING WITH INTEGRATED CAPACITY-BUILDING ACTIVITIES THAT PROMOTE ECONOMIC MOBILITY. RE-ENTRY HOUSING (REH): SHORT-TERM HOUSING THAT HELPS INDIVIDUALS TRANSITION SUCCESSFULLY FROM THE JUSTICE SYSTEM OR HOMELESS SHELTERS. WESLEY TOWNHOMES THE HEART OF LONGMONT CHURCH, INSPIRED TO HELP EASE THE HOUSING BURDEN FOR LOW-INCOME FAMILIES, DONATED A 0.802-ACRE CHURCH SITE PARCEL TO THE INN BETWEEN FOR DEVELOPMENT. THE WESLEY TOWNHOMES SITE HAS BEEN IN PROCESS SINCE 2022 AND IS SCHEDULED TO BE COMPLETED BY NOVEMBER 2025 AT AN OVERALL COSTS OF 5.6 MILLION. THESE 11 PERMANENT HOUSING RENTAL UNITS WITH AN ON- SITE COMMUNITY CENTER AND SUPPORT SERVICES WILL SERVE UP TO FIFTY ADULTS AND CHILDREN. THESE UNITS ARE CONSIDERED PERMANENT AND NOT LIMITED IN LENGTH OF THEIR TENANCY. 7 UNITS WILL SERVE 40% AMI HOUSEHOLDS AND 4 UNITS FOR 30% AMI HOUSEHOLDS. TWO APARTMENTS WILL BE ADA ACCESSIBLE AND WILL HAVE NEURO-INCLUSIVE DESIGN ELEMENTS. 1886 HOVER THE PROJECT AT 1886 HOVER WILL GIVE THE INN BETWEEN OF LONGMONT THE OPPORTUNITY TO SERVE A LARGER POOL OF MIXED INCOMES WITHIN A MIXED-UNIT SETTING SET ON 1.37 ACRES. PROPOSED ARE 40 APARTMENTS WITHIN A 3-STORY, HIGH DENSITY CONCEPT OF 7 STUDIOS, 24 ONE-BEDROOMS, AND 9 TWO-BEDROOMS: ALL WITH ONE BATHROOM AND A FULLY FUNCTIONING KITCHEN. OTHER AMENITIES ON SITE INCLUDE ADDITIONAL STORAGE LOCKERS, A MULTIPURPOSE COMMUNITY ROOM, AND AN EDUCATION/TRAINING CENTER AT NO COST TO RESIDENTS. LAUNDRY MACHINES, A COMMUNITY GARDEN, AND A SMALL PLAYGROUND ARE ALSO OFFERED. APARTMENT RENTAL PRICING WILL SPAN FROM 20% TO 60% AREA MEDIAN INCOME, WITH AN OVERALL AVERAGE OF 43.75%. THE INN BETWEEN OF LONGMONT, INC. INTENDS TO USE A PORTION OF THE COMMERCIAL SPACE FOR ITS PERMANENT CORPORATE OFFICE (APPROX. 2,000 SQ. FT.). THE SITE LOCATION IS UNDER CONTRACT TO BUY, WHICH ALSO INCLUDES THE ENTITLEMENT WORK PREVIOUSLY DONE BY THE OWNERSHIP. ZONING AND SITE PLAN APPROVAL OCCURRED IN 2023 AND WITH IT, THE ARCHITECTURAL DESIGN AND CIVIL ENGINEERING WORK WERE COMPLETED. THE FINANCING REQUIRED TO CLOSE ON THE 2,250,000 LAND PURCHASE IS EXPECTED TO BE THROUGH TWO KEY PARTNERSHIPS, IN ADDITION TO THE CHFA LAND BANKING FUNDING OF 1,750,000. THE CITY OF LONGMONT AWARDED THE INN BETWEEN A 400,000 LOW-INTEREST LOAN FOR THIS PROPOSED SITE AND A LOCAL CHURCH HAS OFFERED A LINE OF CREDIT TO SECURE THE REMAINING 100,000. THE SCHEDULED CLOSING IS SET FOR MARCH 29, 2025. ONCE THE PARCEL IS OFFICIALLY OWNED, THE INN BETWEEN INTENDS TO PURSUE 2026 LIHTC CREDITS. IMMEDIATE GRANT FUNDING WILL BE AGGRESSIVELY PURSUED IN 2025 AND 2026 BY SEEKING LOCAL, COUNTY, AND STATE GRANT FUNDING MECHANISMS. WITH CAPITAL GAP FUNDS CONFIRMED, A CONSTRUCTION TIMELINE FOR THE YEAR 2027 IS TENTATIVELY PLANNED. FORM 990, PAGE 6, PART VI, LINE 11B A COPY OF THE FORM 990 IS PROVIDED TO THE FINANCE COMMITTEE AND THE FULL BOARD PRIOR TO FILING. FORM 990, PAGE 6, PART VI, LINE 12C THE ORGANIZATION REQUIRES BOARD MEMBERS TO REVIEW AND UPDATE CONFLICT OF INTEREST STATEMENTS ANNUALLY. FORM 990, PAGE 6, PART VI, LINE 15A THE BOARD APPROVES THE SALARY FOR THE EXECUTIVE DIRECTOR. FORM 990, PAGE 6, PART VI, LINE 19 GOVERNING AND FINANCIAL DOCUMENTS ARE AVAILABLE UPON REQUEST.