Housing Resources of Western Colorado
Public records show a registered, tax-exempt organization in good standing.
What it says it does
TO PROVIDE AFFORDABLE HOUSING AND TO PROMOTE THE WISE AND SUSTAINABLE USE OF THE EARTH'S RESOURCES.
- Income
- $7.9 million
- Spending
- $7.5 million
- Spent on programs
- 88%
- Reserves
- -0.9 months of spending
- Largest source of income
- government grants, 63%
- Employees
- 78
- Volunteers
- 15
- Highest pay
- $122,909, executive director
Source: Form 990 for the year ending June 30, 2025, filed with the Internal Revenue Service. Rating method 2026.2. How we rate
Financial health
Fair: 50 out of 100.
Reserves
0 of 35Spendable reserves are negative: it owes or has committed more than it holds.
Debt
10 of 20It owes 37% of what it owns.
Living within its means
15 of 15Income exceeded spending by 5% of income.
Income trend
10 of 15Income fell 4% on the year before.
Spending floor
15 of 1588% of spending went to programs and raising each dollar of donations cost 2 cents.
Source: Form 990 for the year ending June 30, 2025, filed with the Internal Revenue Service. Rating method 2026.2. How we rate
Governance
Strong: 90 out of 100.
Independent board
25 of 258 of 8 voting board members are independent.
Conflict of interest policy
15 of 15Has a written conflict of interest policy.
Whistleblower policy
8 of 8Has a written whistleblower policy.
Record keeping policy
7 of 7Has a written policy on keeping and destroying records.
Board minutes
5 of 5Keeps minutes of board meetings.
Board sees the tax return
0 of 10Did not give the board a copy of this return before filing it.
Pay set independently
5 of 5Sets its chief executive's pay through independent review and comparison.
Independent check of accounts
15 of 15Its accounts were audited by an independent accountant.
No reported misuse
10 of 10Reports no diversion of assets, excess benefits or loans to insiders.
Source: Form 990 for the year ending June 30, 2025, filed with the Internal Revenue Service. Rating method 2026.2. How we rate
Impact evidence
Describes programs. Its tax return describes what it does but we have found no measurable results in it.
Programs described in its return (4)
- $3.6 million spent. WEATHERIZATION PROVIDES ENERGY EFFICIENCY IMPROVEMENTS TO LOW INCOME HOUSEHOLDS, AS WELL AS EMERGENCY NO-HEAT AND OTHER CRISIS REPAIRS. THE TEAM IMPROVES ABOUT 275 HOMES A YEAR AND ACHIEVES A 35% AVERAGE IMPROVEMENT ON THE AIR LEAKAGE FOR WEATHERIZED HOMES. SINCE 1995, WE HAVE WEATHERIZED ABOUT 7,750 HOMES AND THE AVERAGE INCOME OF A WEATHERIZATION CLIENT IS ABOUT $20,000 ANNUALLY.
- $1.9 million spent. RENTAL PROPERTY MANAGEMENT OWNS AND MANAGES 181 UNITS OF AFFORDABLE RENTAL HOUSING IN MESA COUNTY AND WORKS WITH A VARIETY OF FUNDING SOURCES TO HOLD RENTS WELL UNDER MARKET RATE. OUR PROPERTIES ARE HOME TO FAMILIES RANGING FROM EXTREMELY LOW INCOME TO MODEST INCOME AND WE TAKE PRIDE IN MAINTAINING THE HOMES TO HIGH STANDARDS.
- $363,305 spent. LENDING PROVIDES LOANS FOR BOTH HOME IMPROVEMENT AND HOME PURCHASE WITH LOW COSTS AND FLEXIBLE TERMS. THE LOANS ARE COMBINED WITH COACHING FROM THE HOUSING COUNSELING TEAM AS WELL AS CONSTRUCTION MANAGEMENT SERVICES. WE HAVE MADE ALMOST 400 HOME IMPROVEMENT LOANS SINCE 1991. OUR DOWNPAYMENT ASSISTANCE LOAN PROGRAM WAS JUST LAUNCHED IN JANUARY 2024 AND SINCE THEN HAS MADE 42 HOME PURCHASE ASSISTANCE LOANS.
- $619,123 spent. HOUSING COUNSELING AND EDUCATION PROVIDES FREE INDIVIDUAL COACHING AND GROUP CLASSES ON ALL HOUSING-RELATED TOPICS, INCLUDING PRE-PURCHASE, FORECLOSURE PREVENTION, RENTAL, EVICTION PREVENTION, AND REVERSE MORTGAGE COUNSELING. THE HUD-CERTIFIED COUNSELORS PROVIDE MORE THAN 500 INDIVIDUAL SESSIONS A YEAR. WE TEACH THE 8-HOUR HOMEBUYER EDUCATION CLASS TO ALMOST 1,000 HOUSEHOLDS A YEAR AND PROVIDE ADDITIONAL WORKSHOPS ON TOPICS SUCH AS FINANCIAL FITNESS AND RENTER EDUCATION. HOUSING DEVELOPMENT ADDS TO THE INVENTORY OF AFFORDABLE HOMES IN OUR REGION THROUGH VARIOUS STRATEGIES INCLUDING LAND DEVELOPMENT, CONSTRUCTION, AND REHABILITATION. THE TEAM IS CURRENTLY WORKING ON FIVE FOR-SALE PROJECTS IN MESA, MONTROSE AND GARFIELD COUNTIES AS WELL AS A LARGE AFFORDABLE RENTAL PROJECT IN CLIFTON. OUR WORK HAS CREATED MORE THAN 425 NEW HOMES SINCE 1997.
Source: Form 990 for the year ending June 30, 2025, filed with the Internal Revenue Service. Rating method 2026.2. How we rate
Legitimacy checks
Is it registered with the IRS? Passed.
Listed in the IRS master file of tax-exempt organizations as a 501(c)(3) charitable organization.
Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated October 13, 2026.
Has the IRS revoked its tax-exempt status? Passed.
Not on the IRS automatic revocation list.
Source: Automatic revocation of exemption list, Internal Revenue Service, file dated October 13, 2026.
Are donations tax-deductible? Passed.
On the IRS list of organizations eligible to receive tax-deductible contributions.
Source: Publication 78 data: organizations eligible for tax-deductible contributions, Internal Revenue Service, file dated October 13, 2026.
Is it keeping up with its IRS filings? Passed.
Most recent return on file covers the year ending June 2025.
Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated October 13, 2026.
How long has it been tax-exempt? Passed.
Recognized by the IRS since June 1985.
Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated October 13, 2026.
Is it in good standing with state regulators? Passed.
Not on California's list of charities barred from soliciting. Other states are not yet checked.
Source: May Not Operate or Solicit for Charitable Purposes list, California Attorney General, Registry of Charities and Fundraisers, file dated October 21, 2026.
Ratings and checks are our reading of public records, using the published method. They are not a statement about anyone's honesty. If you work for this organization, you can send corrections or results, confirm you want gifts through Veridonate, or ask to be removed from giving.