HOUSING RESOURCES OF WESTERN COLORADO
524 30 RD NO 3, GRAND JUNCTION, CO 81504 www.hrwco.org

Total Revenue
$4,804,755
Total Expenses
$4,557,299
Net Assets
$7,315,509

Organizations Filed Purposes: TO PROVIDE AFFORDABLE HOUSING AND TO PROMOTE THE WISE AND SUSTAINABLE USE OF THE EARTH'S RESOURCES.

HOUSING PRESERVATION - HOUSING PRESERVATION COMBINES BOTH THE WEATHERIZATION PROGRAM AND HOUSING REHABILITATION LOAN PROGRAM. SINCE 1988, THE WEATHERIZATION PROGRAM PROVIDES COST-EFFECTIVE, ENERGY-EFFICIENT HOME IMPROVEMENTS TO HOMEOWNERS AND RENTERS. WEATHERIZATION SERVICES PROVIDED ARE FREE TO INCOME QUALIFIED RESIDENTS IN 12 WESTERN COLORADO COUNTIES. SINCE 1991, THE HOUSING REHABILITATION LOAN PROGRAM PROVIDES INCOME QUALIFYING HOMEOWNERS IN MESA, GARFIELD, AND RIO BLANCO COUNTIES ACCESS TO LOW INTEREST-RATE LOANS TO REPAIR AND MAINTAIN THEIR HOMES. THE PROGRAM IS DESIGNED TO FINANCE ESSENTIAL REPAIRS TO IMPROVE HEALTH, SAFETY, ENERGY CONSERVATION, MAJOR AND/OR MINOR DEFICIENCIES, AND ACCESSIBILITY MODIFICATIONS.

ASSET AND PROPERTY MANAGEMENT - OUR ASSETS INCLUDE 180 RENTAL UNITS IN VARIETY OF BEDROOM TYPES AND UNITS, 24 SELF HELP INTENDED LOTS (16 IN MESA COUNTY AND 8 IN MONTROSE COUNTY) AND 4 LOTS FOR DEED RESTRICTED RENTALS IN MESA COUNTY. OUR PROPERTIES HAVE HEALTHY DEBT RATIOS, ALLOWING US TO KEEP OUR RENTS LOW. THE ASSET MANAGEMENT PLAN OUTLINES HOUSING PRESERVATION PROJECTS FUNDED THROUGH GRANTS AND REPLACEMENT RESERVES THROUGH A WATCH LIST OF REPAIRS TO ENSURE SAFE AND HEALTHY PROPERTIES. THE PROPERTY MANAGEMENT PROGRAM PROVIDES RENTAL HOUSING TO QUALIFIED RESIDENTS AND OWNS 97 UNITS WITH PLACE BASED SECTION 8 VOUCHERS. OUR PROPERTY RENTAL RATES VARY DEPENDING UPON THE MARKET AND THE BOARD ASSET MANAGEMENT COMMITTEE EVALUATION.

REAL ESTATE DEVELOPMENT - IN THE LAST 3 YEARS, WE HAVE PRIMARILY FOCUSED OUR DEVELOPMENT RESOURCES FOR SINGLE-FAMILY DEVELOPMENT THROUGH THE SELF HELP HOUSING PROGRAM, DEVELOPMENT OF BUTNER NEIGHBORHOOD 40 HOME COMMUNITY, AND SELLING HIGH COST REPAIR SINGLE FAMILY PROPERTIES. SINCE 1997, THE SELF HELP HOUSING PROGRAM IS A HOMEOWNERSHIP "SWEAT EQUITY" PROGRAM THAT GIVES INCOME QUALIFIED FAMILIES THE MEANS TO CONSTRUCT THEIR OWN HOMES. FAMILIES WHO PARTICIPATE PERFORM APPROXIMATELY 65% OF THE CONSTRUCTION LABOR, UNDER QUALIFIED SUPERVISION, ON EACH OTHER'S HOMES. THE SUBSIDIZED INTEREST RATE BY USDA RURAL DEVELOPMENT MAKES THE PAYMENT AFFORDABLE AND LABOR THAT FAMILIES CONTRIBUTE SUBSTANTIALLY REDUCES THE COST OF EACH HOME WHILE ALSO BUILDING EQUITY DURING A HEALTHY MARKET.

Executives Listed on Filing

Total Salary includes financial earnings, benefits, and all related organization earnings listed on tax filing

NameTitleHours Per WeekTotal Salary
Anna K BowmanEXECUTIVE DIRECTOR40$75,912
Coleen SimpsonPROPERTY MGMT. DIRECTOR40$66,979
Mark M MancusoFINANCE DIRECTOR40$63,765
Marcy ChildWEATHERIZATION PRGM. DIRECTOR40$59,742
Keith FifeBOARD MEMBER5$0
Joe CarterBOARD MEMBER5$0
Karen HarkinBOARD MEMBER5$0
Sandy PerryBOARD MEMBER5$0
Dany BodeBOARD MEMBER5$0
Mark LuffBOARD MEMBER5$0
Annette PfefferTREASURER/SECRETARY5$0
Nita GomezVICE PRESIDENT5$0
Linda DannenbergerBOARD PRESIDENT5$0

Data for this page was sourced from XML published by IRS (public 990 form dataset) from: https://s3.amazonaws.com/irs-form-990/202120849349301802_public.xml