2019-06-17T09:58:53-05:00 2018-12-31 381357951 PLANTE & MORAN PLLC 8181 E TUFTS AVE SUITE 600 DENVER CO 80237 990 2018-01-01 200405066 URBAN LAND CONSERVANCY URBA 3039967334 1600 DOWNING STREET NO 300 DENVER CO 80218 ROBERT HOLWAY TREASURER 3033001790 2019-06-17 1 DORI J EGGETT P00645252 3037409400 2019-06-17 208.42.238.142 2019-06-17 09:55:49 MD P DA39A3EE5E6B4B0D3255BFEF95601890AFD80709 25DF7CD009F2EC8E81AED9AD6942448DE9BE1F2B 2018 2019-02-21 02:37:17Z ROBERT HOLWAY 1600 DOWNING STREET NO 300 DENVER CO 80218 26950356 0 X WWW.URBANLANDC.ORG X 2002 CO SEE SCHEDULE O.URBAN LAND CONSERVANCY'S MISSION IS TO ACQUIRE, DEVELOP, AND/OR PRESERVE COMMUNITY ASSETS IN URBAN AREAS FOR A VARIETY OF COMMUNITY NEEDS. IT PARTICIPATES IN THE REAL ESTATE MARKETPLACE ON BEHALF OF THE COMMUNITY TO RESPOND TO OPPORTUNITIES THAT WOULD OTHERWISE BE LOST TO THE MARKET, OR THAT THE MARKET ALONE MAY BE UNABLE TO ADDRESS. 11 11 27 12 0 0 7318368 22349169 6849084 4366864 1300884 221620 0 0 15468336 26937653 15000 0 0 0 1117906 1330093 0 0 282569 4478310 5199426 5611216 6529519 9857120 20408134 59939447 99022523 25534120 44597104 34405327 54425419 URBAN LAND CONSERVANCY'S MISSION IS TO ACQUIRE, DEVELOP, AND/OR PRESERVE COMMUNITY ASSETS IN URBAN AREAS FOR A VARIETY OF COMMUNITY NEEDS ESPECIALLY IN HIGH POVERTY, LOW-INCOME, UNDERSERVED, AT-RISK COMMUNITIES. 0 0 851658 762238 AFFORDABLE HOUSING: URBAN LAND CONSERVANCY (ULC) BUYS EXISTING PROPERTIES AND LAND TO PRESERVE AND DEVELOP PERMANENT AFFORDABLE HOUSING. 871779 474109 LAND BANKING: ULC PURCHASES PROPERTY TO LAND BANK AND TO SUPPORT LONG-TERM NEIGHBORHOOD STABILIZATION AND OTHER COMMUNITY NEEDS. 3981735 3130517 URBAN REVITALIZATION: ULC IS CREATING, RENOVATING AND PRESERVING BUILT SPACE FOR THE BETTERMENT OF THE COMMUNITY. 5705172 1 1 0 0 0 0 0 0 0 0 1 0 1 0 1 1 0 1 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 1 0 0 0 1 1 1 0 0 0 1 50 0 1 27 1 0 0 0 0 0 0 0 0 0 0 0 0 0 X 11 11 0 0 0 0 0 1 0 1 1 0 0 1 1 1 1 1 1 1 1 0 X TRISHA WOLFE 3033774477 1600 DOWNING STREET STE 300 DENVER CO 80218 ANNE GARCIA CHAIR 0.50 X X 0 0 0 ROB HOLWAY TREASURER 0.50 X X 0 0 0 DAVID FINE SECRETARY 0.50 X X 0 0 0 SUE CASEY DIRECTOR 0.50 X 0 0 0 DENISE DENSLOW DIRECTOR 0.50 X 0 0 0 BEVERLY HADDON DIRECTOR 0.50 X 0 0 0 RUS HEISE DIRECTOR 0.50 X 0 0 0 TIM HOWARD DIRECTOR 0.50 X 0 0 0 BILL PRUTER DIRECTOR 0.50 X 0 0 0 BILL RYAN DIRECTOR 0.50 X 0 0 0 DAVID YOUNGREN DIRECTOR 0.50 X 0 0 0 WILL KRALOVEC TERM END 0118 DIRECTOR OF MASTER SITE DEVELOPMENT 45.00 X 9166 0 0 AARON MIRIPOL PRESIDENT & CEO 60.00 X 204380 0 38981 DEBRA BUSTOS SENIOR VICE PRESIDENT OF REAL ESTATE 55.00 X 150275 0 29001 MARK MARSHALL DIRECTOR OF REAL ESTATE 45.00 X 110291 0 34823 474112 0 102805 3 0 1 0 KUTAK ROCK LLP 1801 CALIFORNIA ST 3000 DENVER CO 80202 LEGAL 179195 1 153 22349016 16326100 22349169 RENTAL INCOME 532000 3125472 3125472 OTHER PROGRAM 900099 635046 635046 DEVELOPMENT FEES 900099 606356 606356 INCOME/LOSS FROM K-1 900099 -10 -10 4366864 194395 194395 39928 0 12703 39928 -12703 27225 27225 26937653 4366864 0 221620 431803 242718 100151 88934 547434 307715 126970 112749 56184 31581 13031 11572 183982 103417 42672 37893 110690 62219 25673 22798 121872 119196 2676 41319 31335 9984 29338 29338 315580 282441 27423 5716 16387 14689 1613 85 70386 28149 41727 510 53014 27870 24398 746 801673 795528 5424 721 57053 50100 6789 164 30221 21119 9102 982666 982566 100 1347149 1333801 13348 6747 190 6557 OTHER DIRECT RENTAL EXP 1044321 1038291 6030 COMMUNITY OUTREACH 16537 2911 12945 681 265163 229336 35827 6529519 5705172 541778 282569 4491556 613701 3288918 14287276 848325 0 158518 395170 0 6390084 289174 406528 130894 96071 25359 34823 5572662 3301861 45264935 73593080 59939447 99022523 1532744 1370271 22286 27824 23508323 42660549 470767 538460 25534120 44597104 X 27369564 44645368 7035763 9780051 34405327 54425419 59939447 99022523 X 20408134 -388143 101 X 0 1 X 1 0 X X X 1 THE DENVER FOUNDATION 846048381 7 1 0 0 1 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 PART 1, LINE 11A ULC IS A TYPE I SUPPORTING ORGANIZATION THAT ALSO HOLDS ITS OWN 501(C)(3) STATUS. 19988 5369 14619 110906 90702 20204 34823 CHARITABLE-USE PROPERTIES HELD AND USED FOR ULC'S MISSION 73593080 C 73593080 SECURITY DEPOSITS 143817 CONTINGENT DEPOSITS 113206 OBLIGATIONS UNDER CAPITAL LEASES 281437 538460 X 27416908 -388143 14650 882086 508593 26908315 29338 29338 26937653 7709097 14650 1194266 1208916 6500181 29338 29338 6529519 PART X, LINE 2: ULC IS A NOT-FOR-PROFIT CORPORATION AND IS EXEMPT FROM TAX UNDER THE PROVISIONS OF INTERNAL REVENUE CODE SECTION 501 (C)(3). ACCOUNTING PRINCIPLES GENERALLY ACCEPTED IN THE UNITED STATES OF AMERICA REQUIRE MANAGEMENT TO EVALUATE TAX POSITIONS TAKEN BY ULC AND RECOGNIZE A TAX LIABILITY IF ULC HAS TAKEN AN UNCERTAIN POSITION THAT MORE LIKELY THAN NOT WOULD NOT BE SUSTAINED UPON EXAMINATION BY THE IRS OR OTHER APPLICABLE TAXING AUTHORITIES. MANAGEMENT HAS ANALYZED THE TAX POSITIONS TAKEN BY ULC AND HAS CONCLUDED THAT, AS OF DECEMBER 31, 2018 AND 2017, THERE ARE NO UNCERTAIN POSITIONS TAKEN OR EXPECTED TO BE TAKEN THAT WOULD REQUIRE RECOGNITION OF A LIABILITY OR DISCLOSURE IN THE FINANCIAL STATEMENTS. ULC IS SUBJECT TO ROUTINE AUDITS BY TAXING JURISDICTIONS; HOWEVER, THERE ARE CURRENTLY NO AUDITS FOR ANY TAX PERIODS IN PROGRESS. PART XI, LINE 2D - OTHER ADJUSTMENTS: K-1 INCOME FROM WADSWORTH 10. WADSWORTH REVENUES 882,076. PART XII, LINE 2D - OTHER ADJUSTMENTS: WADSWORTH EXPENSES 1,194,266. X 1 0 0 0 0 0 0 0 0 WILL KRALOVEC TERM END 0118 DIRECTOR OF MASTER SITE DEVELOPMENT 0 0 0 0 9166 0 0 0 0 0 9166 0 0 0 AARON MIRIPOL PRESIDENT & CEO 194380 0 10000 0 0 0 14307 0 24674 0 243361 0 0 0 DEBRA BUSTOS SENIOR VICE PRESIDENT OF REAL ESTATE 147775 0 2500 0 0 0 10519 0 18482 0 179276 0 0 0 X 8 164100 FMV X 1 13400000 FMV X 2 2762000 FMV 0 0 0 FORM 990, PART VI, SECTION A, LINE 7A THE DENVER FOUNDATION IS ENTITLED TO APPOINT A MAJORITY OF THE DIRECTORS. ADDITIONALLY, GARY COMMUNITY INVESTMENT COMPANY IS ENTITLED TO APPOINT UP TO TWO DIRECTORS. FORM 990, PART VI, SECTION B, LINE 11B THE FORM 990 IS PROVIDED TO THE PRESIDENT AND THE FINANCE COMMITTEE FIRST AND THEN TO THE ENTIRE BOARD FOR REVIEW AND COMMENTS. URBAN LAND CONSERVANCY OBTAINS APPROVAL OF THE FORM 990 BY VOTE DURING A BOARD MEETING. UPON APPROVAL A BOARD OFFICER SIGNS THE FORM 990. FORM 990, PART VI, SECTION B, LINE 12C OFFICERS, DIRECTORS AND ALL EMPLOYEES ARE REQUIRED TO DISCLOSE ANNUALLY INTEREST THAT COULD GIVE RISE TO CONFLICTS. URBAN LAND CONSERVANCY REGULARLY AND CONSISTENTLY MONITORS AND ENFORCES COMPLIANCE WITH THE POLICY. BOARD MEMBERS ARE REQUIRED TO RECUSE THEMSELVES FROM THE MEETING AND ANY VOTE WHEN A CONFLICT OF INTEREST EXISTS. THE BOARD CHAIR MONITORS BOARD MEETINGS AND ENFORCES COMPLIANCE WITH THE POLICY. FORM 990, PART VI, SECTION B, LINE 15 URBAN LAND CONSERVANCY PERFORMS AN ANNUAL REVIEW OF ALL THEIR EMPLOYEES AT YEAR END. AN INDEPENDENT REVIEW IS PERFORMED BY TWO EXECUTIVE COMMITTEE MEMBERS FOR THE PRESIDENT. THE BOARD CHAIR NOTIFIES PAYROLL DIRECTLY OF ANY CHANGES IN COMPENSATION OF THE PRESIDENT. FORM 990, PART VI, SECTION C, LINE 19 URBAN LAND CONSERVANCY'S GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS ARE AVAILABLE TO THE PUBLIC UPON REQUEST. FORM 990, PART XI, LINE 9: K-1 INVESTMENT IN WADSWORTH 89. 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