Community Growth Foundation

Nonprofit profile at a glance

EIN
843832834
IRS 990 coverage
2019–2024
Forms available
Form 990 2024
Location
Littleton, CO, USA
Phone
3037300549
Rating
73
Verdict
SUPPORTED
Rating confidence
Moderate
Sector
Community, Neighborhood Development

Official website

Reported finances

Revenue
$67,203
Expenses
$999,953
Assets
$5,406,261
Liabilities
$56,678

Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.

Leadership & pay

11 people listed

Executive titles in this filing

  • David W Snyder (President)
  • Jim Walters (Vice President)

Highest reported compensation

  • David W Snyder (President): $269,570 total reported compensation
  • Ryan Snyder (Secretary): $182,420 total reported compensation
  • Alana Silva (Controller): $130,844 total reported compensation

Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

The community growth foundation's mission is to foster healthy communities through programmatic and strategic initiatives in housing and support services. Healthy communities are not bifurcated along the socio-economic differences within them, rather they capture the least and the greatest of us and force us to work together for the common good of our society. Our mission is to provide a safe community for our residents to grow and thrive spiritually, financially, and personally. Community growth foundation believes that a vibrant community is one that nurtures and promotes complete health of which there are 4 critical and interconnected components: spiritual health, mental health, emotional health, and physical health. The organization makes investments in communities directly by owning and funding housing projects. Through these projects, community growth foundation has the power to make decisions and control many aspects of the planned development in furtherance of its exempt purpos

What it reported doing in 2024

The community growth foundation made grants to other nonprofit organizations that are mission-aligned in furtherance of its purposes to foster healthy communities through programmatic and strategic initiatives in housing and support services. The core values of access, diversity, connectedness and nurturing complete health are tried and true foundational principles of vibrant and thriving communities and are the guiding principles for grants from the foundation. Through these grants, the community growth foundation builds the community that will help create tomorrow's world.

Operating model

Revenue model
Mixed. Its operating money came from several sources; no one source provided a clear majority.
Distribution model
Grant intermediary. The nonprofit sent 89% of its reported program spending out as grants.

The verdict

SUPPORTED - A large share of available resources goes toward mission work and the filed numbers largely add up. Few specific pay-setting methods are documented in the filing; unanswered boxes are not proof of absence and expenses are high relative to revenue.

Rating breakdown

  • Financial Efficiency: 84
  • Transparency & Controls: 68
  • Accountability: 73
  • Sustainability: 22
  • Growth: 60

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 100%; rating input score 100
  • Program expense ratio: 84.2%; rating input score 84
  • Fundraising efficiency: Limited

Transparency & Controls

  • Consistency checks: 93.3%; rating input score 93; 26th percentile among comparable filings
  • Pay-setting controls: 0 of 6 controls in place; rating input score 0
    • Compensation committee: Missing
    • Independent consultant: Missing
    • Other Form 990s reviewed: Missing
    • Written employment contract: Missing
    • Compensation survey or study: Missing
    • Board or committee approval: Missing
  • Foreign activity oversight: Limited
  • Grant itemization coverage: 99.6%; rating input score 100; 59th percentile among comparable filings
  • Major donor itemization: Yes; rating input score 100
  • Related-party transparency: No; rating input score 0

Accountability

  • Independent voting board: 77.8%; rating input score 78; 24th percentile among comparable filings
  • Governance controls: 6 of 9 controls in place; rating input score 67
    • Conflict-of-interest policy: Pass
    • Whistleblower policy: Pass
    • Document-retention policy: Pass
    • CEO compensation review process: Missing
    • Other executive compensation review process: Pass
    • Form 990 shared with the board: Pass
    • Board meeting minutes documented: Pass
    • Audit committee oversight: Missing
    • Independent financial-statement audit: Fail

Sustainability

  • Operating margin: -1,388%; rating input score 4; 4th percentile among comparable filings
  • Total-asset coverage ratio: 5.41; rating input score 51; 51st percentile among comparable filings
  • Liabilities to assets ratio: 0.01; rating input score 28; 28th percentile among comparable filings
  • Officer compensation ratio: 8.1%; rating input score 17; 17th percentile among comparable filings

Growth

  • Program expense growth: 46.9% per year; rating input score 100; 94th percentile among comparable filings
  • Revenue growth: -11.8% per year; rating input score 0; 29th percentile among comparable filings
  • Asset growth: 23.5% per year; rating input score 100; 93rd percentile among comparable filings

Details

  • Where the money goes: 100% of revenue deployed · 84.2% of spending went to programs
  • Governance: 7 of 9 board members independent · 6 of 9 filing controls reported
  • Programs: 2 filed program accomplishments · $842K in reported program spending
  • Leadership: top reported pay $270K · 11 people listed · 0 of 6 pay-setting controls reported
  • Consistency: 30 of 31 current checks pass · 1 finding to review
  • Schedules: 7 filed schedules · includes major donors, grants, and executive pay
  • Filing history: 5 filing years from 2019 to 2024
  • Contacts: How to reach this organization
  • Money network: 8 filed money-flow records
  • Related organizations: 16 filed related-organization links
  • Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
  • People: Everyone the filings name, and which of them the filings identify by more than a name.

Key Signals

Signals prioritize questions for review. They are not findings of misconduct.

  • High — Transparency & Controls: Pay-setting controls scored 0/100.
  • High — Sustainability: Operating margin scored 4/100.
  • High — Growth: Revenue growth scored 0/100.
  • High — Transparency & Controls: Related-party transparency scored 0/100.
  • Review — Accountability: Governance controls: Independent financial-statement audit not reported.
  • Review — Sustainability: Total-asset coverage ratio scored 51/100.
  • High — Sustainability: Officer compensation ratio scored 17/100.
  • High — Sustainability: Liabilities to assets ratio scored 28/100.
  • Review — Transparency & Controls: Schedule R controlled transactions itemized did not reconcile in the filed values.