Nonprofit · EIN 87-1334124
SOUTH METRO PROPERTY CORPORATION
Tax-exempt (reinstated) · LITTLETON, CO 80121
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| September 30, 2025 | 990 | $1,175,461 | $2,409,425 | -$1,233,964 | $25,615,461 | $12,923,218 | $12,692,243 |
Financial details: 990 for the year ended September 30, 2025
Revenue
- Contributions, gifts and grants
- $359,261
- of which government grants
- $359,261
- Program service revenue
- $124,381
- Investment income
- $1,024,335
- Net rental income
- -$332,516
- Net gain from sales of assets
- $928,875
- Other revenue
- -$332,516
Expenses
- Grants and similar amounts paid
- $996,107
- Compensation of officers, directors and key employees
- $69,214
- Other salaries and wages
- $319,263
- Salaries, compensation and benefits (total)
- $485,166
- Professional fundraising fees
- $0
- Legal fees
- $112,722
- Accounting fees
- $20,963
- Occupancy
- $132,631
- Travel
- $260
- Depreciation
- $2,729
- Program services (functional)
- $2,031,275
- Management and general (functional)
- $378,150
Balance sheet and other
- Total assets, start of year
- $28,592,017
- Total assets, end of year
- $25,615,461
- Total liabilities, end of year
- $12,923,218
- Net assets, end of year
- $12,692,243
- Land, buildings and equipment
- $11,784,897
- Net assets without donor restrictions
- $12,692,243
- Gross unrelated business income
- $64,541
- Gross receipts
- $2,324,798
- Employees
- 0
- Volunteers
- 3
- Year formed
- 2020
- 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 September 30, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Corey Reitz | Vice President & Secretary Trustee or director, Officer | 4.3 | $67,216 |
| Jake Spratt | Board President Trustee or director, Officer | 0.3 | $0 |
| Stewart Meagher | Director Trustee or director | 0.3 | $0 |
| Lauren Acres | Director (Beg 03/2025) Trustee or director | 0.3 | $0 |
Address and contacts
- Address (IRS master file)
- 5601 S BROADWAY STE 250, LITTLETON, CO 80121-8020
- In care of
- % COREY REITZ
- Principal officer (990 for 2024)
- Corey Reitz, 5601 S Broadway 250, Littleton, CO 80121
- Signed the 990
- Corey Reitz, Vice President & Secretary
- Phone
- (303) 794-9608
- Website
- www.smho.co
- Return prepared by
- Eide Bailly LLP
Mission
To augment and deliver on the mission and vision of South Metro Housing Options (SMHO) by acquiring, redeveloping, and preserving properties for affordable housing communities within and around the City of Littleton, Colorado and Arapahoe County, which is SMHO's jurisdiction.
Program accomplishments
- To directly, or through any other entity, including but not limited to, joint venture, partnership, limited partnership, limited liability company, or corporate entity, acquire, invest in, encumber, convey, transfer, sell, develop, hold, operate, own, lease, construct, rehabilitate, manage, or otherwise deal in or with the acquisition, rehabilitation, construction, development, redevelopment, exchange, management, and/or operation of housing projectsExpenses $2,031,275 · grants $996,107 · revenue $124,381
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 September, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | September 30, 2026 | February 16, 2027 | Not due yet |
| 2024 | September 30, 2025 | February 17, 2026 | 990 on file |
| 2023 | September 30, 2024 | February 18, 2025 | Check at the IRS |
IRS record
- EIN
- 87-1334124
- 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
- 2025
- Accounting year ends
- September
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Housing and shelter (L22)
- Assets (IRS master file)
- $25,615,461
- Income (IRS master file)
- $2,324,798
Revocation and reinstatement
- Exemption revoked
- February 15, 2024
- Posted by the IRS
- May 15, 2024
- Reinstated
- Effective February 15, 2024
From the IRS automatic revocation list: organizations that did not file a required return or e-Postcard for three consecutive years.
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | September 2025 | $1,175,461 | $2,409,425 | $25,615,461 | XML |
| 990-T | September 2025 | – | – | – | IRS |
| 990-T | September 2024 | – | – | – | 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 87-1334124).
Questions about SOUTH METRO PROPERTY CORPORATION
- What is the EIN of SOUTH METRO PROPERTY CORPORATION?
- The employer identification number (EIN) of SOUTH METRO PROPERTY CORPORATION is 87-1334124.
- Is SOUTH METRO PROPERTY CORPORATION tax-exempt?
- Yes. The IRS revoked its exemption on February 15, 2024 and reinstated it effective February 15, 2024.
- Are donations to SOUTH METRO PROPERTY CORPORATION tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does SOUTH METRO PROPERTY CORPORATION 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 SOUTH METRO PROPERTY CORPORATION due?
- The return for tax year 2025 (the year ending September 30, 2026) is due February 16, 2027. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did SOUTH METRO PROPERTY CORPORATION last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended September 2025.
- Who is the principal officer of SOUTH METRO PROPERTY CORPORATION?
- The 990 for the year ended September 30, 2025 names Corey Reitz.
- Who are the officers and directors of SOUTH METRO PROPERTY CORPORATION?
- The 990 for the year ended September 30, 2025 lists 4 people; 1 received compensation from the organization, the highest $67,216 (Corey Reitz, Vice President & Secretary).
- How much revenue does SOUTH METRO PROPERTY CORPORATION have?
- On its 990 for the year ended September 30, 2025 it reported revenue of $1,175,461, expenses of $2,409,425 and total assets of $25,615,461 at year end.
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All nonprofits in LITTLETON · Colorado · Housing and shelter