2025-08-13T12:28:52-07:00 2024-09-30 260701023 Olson Reyes & Sauerwein LLC 5161 E Arapahoe Road Suite 100 Centennial CO 80122 990 2024-01-01 311767375 ARGYLE FOUNDATION ARGY 3034559513 4115 WEST 38TH AVENUE DENVER CO 80212 TOM CARLSON Executive Director 2025-08-06 true true DEREK WATADA P01751412 3038895981 2024 2025-03-06 01:10:19Z TOM CARLSON 4115 WEST 38TH AVENUE DENVER CO 80212 731964 false X WWW.THEARGYLE.ORG X 1988 CO TO PROVIDE ELDERLY CARE AND HOUSING TO THE ELDERLY. 8 8 4 5 0 0 239264 726915 1454 5049 0 240718 731964 0 0 45489 120484 0 0 163947 689908 209436 810392 31282 -78428 4850119 4195503 4818837 4702817 31282 -507314 TO PROVIDE ELDERLY CARE AND HOUSING TO THE ELDERLY. false false 656417 726915 PROVIDE AFFORDABLE HOUSING AND ELDERLY CARE FOR LOW-INCOME RESIDENTS OF THE GREATER DENVER METROPOLITAN AREA. 656417 true false false false false false false false false false true false false true true 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 true false false false true 0 0 false 4 true false false false false false false false 0 false false false false false false false X 8 8 true false true false false false false true true false false true false false false true true false CO X THE ORGANIZATION 3034559513 4115 WEST 38TH AVENUE DENVER CO 80212 X DOUG GUTHRIE board member 0.50 0.50 X 0 0 0 MARK ALLEN SECRETARY/TREAS 0.50 0.50 X X 0 0 0 JOHN BOETTIGER President 1.00 1.00 X X 0 0 0 Barb Tschoepe Board Member 0.50 0.50 X 0 0 0 david Kribs Board Member 0.50 0.50 X 0 0 0 Maureen PHAIR Vice President 0.50 0.50 X X 0 0 0 STEVE URBAN BOARD MEMBER 0.50 0.50 X 0 0 0 Tony Cline board member 0.50 0.50 X 0 0 0 TOM CARLSON Executive Dir. 40.00 0.00 X 0 0 0 0 false false false 0 0 FEES FROM SERVICES 623990 4632 4632 RENTAL INCOME 531110 722283 722283 726915 5049 5049 0 0 0 0 0 0 0 0 731964 726915 5049 0 0 0 0 0 0 111375 90214 21161 0 0 9109 7378 1731 27000 21870 5130 175 142 33 6088 4931 1157 0 0 0 3000 2430 570 5095 4127 968 4536 3674 862 0 0 47946 38836 9110 0 0 0 262452 212586 49866 0 94776 76769 18007 41966 33992 7974 REPAIRS & MAINTENANCE 169214 137063 32151 SUPPLIES 19381 15699 3682 ADMINISTRATIVE COSTS 7552 6117 1435 BAD DEBT 727 589 138 0 810392 656417 153975 0 312283 27174 538275 0 0 332 0 0 0 0 55184 98820 2856235 2073635 1200685 782600 136057 0 0 107575 0 2636117 3150520 4850119 4195503 55906 72062 4746674 4615626 16257 15129 4818837 4702817 X 31282 -507314 31282 -507314 4850119 4195503 X -78428 780 -460948 X false true X false false X 0 0 0 0 0 0 0 0 1455 5049 6504 0 1455 5049 6504 0 0 1455 5049 6504 X 0.00000 0.00000 9625 9625 2653105 1930857 722248 34410 33262 1148 159095 109516 49579 782600 NOTE RECEIVABLE LRS 2636117 RESTRICTED DEPOSITS & funded reserves 514403 3150520 TENANT SECURITY DEPOSITS 15129 15129 X Part X : FIN48 Footnote DURING THE YEAR, THE ORGANIZATION'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 EFFECT ON ITS TAX-EXEMPT STATUS. Form 990, Part VI, Section A, Line 2 TOM CARLSON IS THE EXECUTIVE DIRECTOR OF THE ARGYLE FOUNDATION AND THE LADIES RELIEF SOCIETY OF DENVER AS AFFILIATED ENTITIES. Form 990, Part VI, Section A, Line 4 IN OCTOBER 2023, THE ARGYLE FOUNATION CERTIFIED THE FOLLOWING:- ARTICLES OF ORGANIZATION, AMENDMENT TO THE ARTICLES OF ORGANIZATION & CERTIFICATE OF GOOD STANDING OF THE COMPANY- BYLAWS WHICH WERE APPROVED AND ADOPTED BY THE BOARD OF DIRECTORS- RESOLUTION OF THE BOARD OF DIRECTORS INCLUDING THE LISTING OF THE CURRENT SERVING OFFICERS, MEMBERS OF THE BOARD OF DIRECTORS AND EXECUTIVE DIRECTOR OF THE COMPANY Form 990, Part VI, Section B, Line 11b THE 990 IS REVIEWED AND APPROVED BY THE ORGANIZATION'S BOARD OF DIRECTORS AND IS SIGNED BY THE ORGANIZATION'S EXECUTIVE DIRECTOR. Form 990, Part VI, Section C, Line 19 THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REASONABLE REQUEST. Form 990, Part XI, Line 9 LADIES RELIEF SOCIETY = -$460948 FORM 990 PART XI LINE 9: OTHER CHANGES IN NET ASSETS THE LADIES RELIEF SOCIETY OF DENVER AND THEIR AFFILIATE, THE ARGYLE FOUNDATION, FINANCIAL STATEMENTS WERE PREPARED ON A CONSOLIDATED BASIS. THE ARGYLE FOUNDATION HAS NOT HAD ANY ACTIVITY SINCE 2019; HOWEVER IN 2023, THE ARGYLE FOUNDATION PURCHASED THE PARK BUILDING FROM LADIES RELIEF SOCIETY. THE SOCIETY AND THE FOUNDATION ALSO OBTAINED AUTHORIZATION FROM HUD TO TRANSFER THE HOUSING ASSISTANCE PAYMENTS (HAP) CONTRACT AND THE RELATED OPERATIONS OF THE 50-UNIT ASSISTED ELDERLY LIVING HOUSING PROJECT UNDER SECTION 202 OF THE NATIONAL HOUSING ACT (THE 'PARK BUIDLING') TO THE FOUNDATION. THE FOUNDATION COMMENCED OPERATIONS IN NOVEMBER 2023. THE ARGYLE FOUNDATION WILL REPORT THIS ACTIVITY ON THEIR RESPECTIVE FORM 990 (EIN: 31-1767375). THE CHANGE IN NET ASSETS OF $460,948 IS TO SEPARATE THE ARGYLE FOUNDATION'S NET ASSETS FROM THE LADIES RELIEF SOCIETY OF DENVER. LADIES RELIEF SOCIETY OF DENVER 4115 WEST 38TH AVE DENVER CO 80212 840409240 PROGRAM SERVICES CO 501C3 12A N/A false false false false true false false false false false false false false true true true false false false false LADIES RELIEF SOCIETY OF DENVER d 2636117 FMV LADIES RELIEF SOCIETY OF DENVER m 36000 FMV PURCHASE AND REMODEL OF THE PARK BUILDING IN 2023, THE ARGYLE FOUNDATION PURCHASED THE PARK BUILDING FROM LADIES RELIEF SOCIETY, AN AFFILIATED ENTITY WITH A COMMON BOARD OF DIRECTORS, FOR APPROXIMATELY $1,280,000. THE ARGYLE FOUNDATION ENTERED INTO A LOAN AGREEMENT IN THE AMOUNT OF $4,750,000 TO FINANCE THE PURCHASE AND PHASE II OF THE REMODEL. COMMON CONTROL THE ARGYLE FOUNDATION AND LADIES RELIEF SOCIETY OF DENVER ARE UNDER COMMON CONTROL AS THEY SHARE THE SAME BOARD OF DIRECTORS AND EXECUTIVE DIRECTOR.