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Nonprofit · EIN 74-2177138

VILLAGES LTD

Tax-exempt · FORT COLLINS, CO 80521

Financials

$10.6M$3.1M2023$6.6M$3M2024
Revenue Expenses · by fiscal year end
Financials of VILLAGES LTD by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
December 31, 2024990$6,594,006$2,952,892$3,641,114$37,696,583$280,051$37,416,532
December 31, 2023990$10,645,177$3,069,013$7,576,164$31,071,476$465,552$30,605,924
Financial details: 990 for the year ended December 31, 2024

Revenue

Contributions, gifts and grants
$1,403,402
Program service revenue
$2,919,884
Investment income
$2,270,720
Net gain from sales of assets
$1,973,667
Other revenue
$0

Expenses

Grants and similar amounts paid
$0
Other salaries and wages
$293,804
Salaries, compensation and benefits (total)
$293,804
Professional fundraising fees
$0
Legal fees
$8,023
Accounting fees
$203,666
Occupancy
$236,639
Travel
$912
Depreciation
$796,402
Program services (functional)
$2,824,642
Management and general (functional)
$128,250

Balance sheet and other

Total assets, start of year
$31,071,476
Total assets, end of year
$37,696,583
Total liabilities, end of year
$280,051
Net assets, end of year
$37,416,532
Land, buildings and equipment
$13,473,040
Net assets without donor restrictions
$37,416,532
Gross receipts
$7,039,139
Employees
0
Volunteers
7
Year formed
1980
State of legal domicile
CO

From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.

Officers, directors and key employees

As listed on the 990 for the year ended December 31, 2024, highest compensation first.

NameTitleHours / weekCompensationFrom related orgsOther / benefits
Julie BrewenSecretary/Treasurer/CEO
Trustee or director, Officer
10$0$309,865$38,266
Tonya FrammolinoCFO
Officer
10$0$205,127$27,733
Jennifer WagnerPresident
Trustee or director, Officer
1$0$0$0
Lizette MillVice President
Trustee or director, Officer
1$0$0$0
Anne NelsenDirector
Trustee or director
1$0$0$0
Karen DunbarDirector (As of Jan 24)
Trustee or director
1$0$0$0
Emily FrancisDirector
Trustee or director
1$0$0$0
Joseph PentaDirector
Trustee or director
1$0$0$0
Ann GreenDirector
Trustee or director
1$0$0$0
990 for the year ended December 31, 2023: 11 people
NameTitleHours / weekCompensationFrom related orgsOther / benefits
Julie BrewenSecretary/Treasurer/CEO
Trustee or director, Officer
10$0$236,064$32,772
Tonya FrammolinoCFO
Officer
10$0$179,533$46,256
Cathy MathisDirector
Trustee or director
1$0$0$0
Jennifer WagnerPresident
Trustee or director, Officer
1$0$0$0
Lizette MillVice President
Trustee or director, Officer
1$0$0$0
David ByeDirector (thru May)
Trustee or director
1$0$0$0
Emily FrancisDirector
Trustee or director
1$0$0$0
Ann GreenDirector
Trustee or director
1$0$0$0
Hepburn WilkinsDirector
Trustee or director
1$0$0$0
Anne NelsenDirector
Trustee or director
1$0$0$0
Joseph PentaDirector
Trustee or director
1$0$0$0

Address and contacts

Address (IRS master file)
1715 W MOUNTAIN AVE, FORT COLLINS, CO 80521-2359
Principal officer (990 for 2024)
Tonya Frammolino, 1715 W Mountain Avenue, Fort Collins, CO 80521
Signed the 990
Tonya Frammolino, CFO
Phone
(970) 416-2910
Return prepared by
Eide Bailly LLP

Mission

To provide and promote adequate and affordable housing, economic opportunity, and a safe living environment free from discrimination.

990 for the year ended December 31, 2024

Program accomplishments

  • Villages, Ltd. was established in 1980 as a 501(c)(3) organization whose purpose is to acquire, develop and preserve affordable housing for the elderly and low-income families of Fort Collins, Colorado. The Organization owns and manages a total of 200 residential units and has thus helped thousands of low-income families in the Fort Collins community over the past 30 years. The organization currently manages 200 residential units.
    Expenses $2,824,642 · revenue $2,919,884

What it must file and when

IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.

Tax yearYear endedDueIRS public records
2025December 31, 2025May 15, 2026Not on file
2024December 31, 2024May 15, 2025990 on file
2023December 31, 2023May 15, 2024990 on file

IRS record

EIN
74-2177138
Tax-exempt status
501(c)(3): Charitable, religious, educational or scientific organization
Foundation status
Publicly supported organization (509(a)(2))
Donations deductible (Pub 78)
Public charity, 50% deduction limit
Exempt since
1982
Accounting year ends
December
Files
Form 990 or 990-EZ
Assets (IRS master file)
$37,696,583
Income (IRS master file)
$7,039,139

Filing history

FormYear endedRevenueExpensesAssetsReturn
990December 2024$6,594,006$2,952,892$37,696,583IRS
990December 2023$10,645,177$3,069,013$31,071,476XML
990December 2022$2,481,924$2,127,786$23,852,035IRS
990December 2021–––IRS
990December 2020–––IRS
990December 2019–––IRS
990December 2018–––IRS

990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 74-2177138).

Questions about VILLAGES LTD

What is the EIN of VILLAGES LTD?
The employer identification number (EIN) of VILLAGES LTD is 74-2177138.
Is VILLAGES LTD tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1982.
Are donations to VILLAGES LTD tax-deductible?
Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
Which annual return does VILLAGES LTD file?
Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
When is the next return of VILLAGES LTD due?
The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
When did VILLAGES LTD last file with the IRS?
The latest return in the IRS public files is the 990 for the year ended December 2024.
Who is the principal officer of VILLAGES LTD?
The 990 for the year ended December 31, 2024 names Tonya Frammolino.
Who are the officers and directors of VILLAGES LTD?
The 990 for the year ended December 31, 2024 lists 9 people; 0 received compensation from the organization.
How much revenue does VILLAGES LTD have?
On its 990 for the year ended December 31, 2024 it reported revenue of $6,594,006, expenses of $2,952,892 and total assets of $37,696,583 at year end.

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