2024-11-14T16:27:51-06:00 2023-12-31 450250958 Eide Bailly LLP 4585 Coleman St Ste 200 Bismarck ND 58503 990 2023-01-01 872022253 Wellington Community Housing WELL 9704162910 1715 West Mountain Avenue Fort Collins CO 80521 Tonya Frammolino CFO 9704162910 2024-11-14 1 1 Lisa Chaffee CPA P00193453 7012551091 2024-11-14 2023 2024-10-15 13:58:12Z Tonya Frammolino 1715 West Mountain Avenue Fort Collins CO 80521 718964 0 X N/A X 2019 CO To provide affordable housing to the elderly and low-income families of Wellington, Colorado. 4 4 0 5 0 0 0 0 711086 718725 136 239 0 0 711222 718964 0 0 0 0 33279 0 0 0 0 603403 747316 636682 747316 74540 -28352 628296 643175 31664 74895 596632 568280 To provide affordable housing to the elderly and low-income families of Wellington, Colorado. 0 0 661458 718725 To provide affordable housing to the elderly and low-income families of Wellington, Colorado. The organization owns and operates forty-two dwelling units in Wellington, Colorado under HUD's Section 8 program. 661458 1 0 0 0 0 0 0 0 1 0 1 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 X 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 X 4 4 0 1 0 0 0 1 1 1 0 0 0 0 1 1 1 0 0 0 0 0 CO X Tara Gaffney 9704162910 1715 West Mountain Avenue Fort Collins CO 80521 X Mishie Daknis President 1.00 X X 0 0 0 Bob Novascone Vice President 1.00 X X 0 0 0 Amy Comstock-Combs Director 1.00 X 0 0 0 Calar Chaussee Director 1.00 X 0 0 0 John Evans Director (Until Oct 23) 1.00 X 0 0 0 Julie Brewen CEO 1.00 X 0 0 0 Tonya Frammolino CFO 1.00 X 0 0 0 0 0 0 0 0 0 0 0 Rental Income 531110 692424 692424 Other Tenant Income 531110 26301 26301 718725 239 239 718964 718725 0 239 X 57514 57514 2792 2792 67869 67869 353445 345982 7463 1643 1643 10682 5351 5331 98010 98010 214 214 56767 56767 32382 31856 526 Resident Services 33800 33800 Bad Debt Expense 20569 20569 Repairs and Maintenance 11051 11051 Resident Relocation Fee 558 558 20 20 747316 661458 85858 0 173302 222654 17799 11106 2317 3358 2437988 2031931 434878 406057 628296 643175 14555 58385 3314 1564 13795 14946 31664 74895 X 596632 568280 596632 568280 628296 643175 -28352 0 X 0 1 X 1 0 X 209894 711086 718725 1639705 209894 711086 718725 1639705 0 25026 385032 374524 784582 25026 385032 374524 784582 855123 2 136 239 377 2 136 239 377 209896 711222 718964 1640082 X 0 1 X 144669 144669 2187306 1980045 207261 106013 51886 54127 406057 718964 0 718964 0 718964 747316 0 747316 0 747316 Part IV, Line 2b: The organization holds security deposits for the residents. Part V line 1a Form 1099s, Line 2a Form W-2s, Part IX Salaries: Housing Catalyst, an unrelated management company, employs all the employees that provide services to Wellington Community Housing. Therefore, the salaries reported on Part IX are payment for Housing Catalyst employees. The filing organization does not file any 1099s or W2s. Form 990, Part VI, Section A, line 3 The Organization pays an unrelated management company, Housing Catalyst, management fees for the CEO and CFO services. In 2023 the organization paid $139,238 for management services, which includes property management and the services of the CEO and CFO. Form 990, Part VI, Section A, line 7a All Directors are appointed by the Board of Trustees of the Town of Wellington, Colorado. Form 990, Part VI, Section A, line 7b Amendments to the Bylaws are required to be approved by the Board of Trustees of the Town of Wellington, Colorado. Form 990, Part VI, Section A, line 8b There are no committees that can act on behalf of the board in the current tax year. Form 990, Part VI, Section B, line 11b The board of directors will be provided a copy of the Form 990 before it is filed with the IRS. Form 990, Part VI, Section B, line 12c Directors are required to follow the conflict of interest policy. Directors are required to review the conflict of interest policy and disclose any potential conflicts annually. Conflicts are reviewed by the disinterested directors. Persons with conflicts are unable to vote on matters in which they have a conflict of interest. Form 990, Part VI, Section B, line 15 The organization's bylaws state that Directors do not receive compensation for service on the board. The CEO and CFO of the organization are paid by an unrelated management company, Housing Catalyst. The management contract is reviewed and approved by the board. Form 990, Part VI, Section C, line 19 The organization made its governing documents, conflict of interest policy, and financial statements available to the public upon request. Form 990, Part IX, line 11g Contracted Maintenance: Program service expenses 268,949. Management and general expenses 0. Fundraising expenses 0. Total expenses 268,949. Other: Program service expenses 640. Management and general expenses 7,463. Fundraising expenses 0. Total expenses 8,103. Board Administrative Fee: Program service expenses 25,000. Management and general expenses 0. Fundraising expenses 0. Total expenses 25,000. Management Labor: Program service expenses 51,393. Management and general expenses 0. Fundraising expenses 0. Total expenses 51,393.