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Brothers Redevelopment

Edgewater, CO · EIN 84-0615347 · 501(c)(3) · Publicly supported organization (170(b)(1)(A)(vi))
Latest filing: Form 990 for the fiscal year ending September 30, 2025 (tax year 2024) · View the filing · Correct or respond

Brothers Redevelopment reported $29.0 million in revenue and $30.2 million in expenses for the fiscal year ending September 30, 2025. Of every $100 it spent, $93.42 went to program services, $6.58 to management and general costs and $0.00 to fundraising. Its largest source of revenue was contributions and grants: 64.9% of the total. Government grants made up 60.1%. The highest compensation it reported for one person was $220,988 (PRESIDENT). 1 person received more than $100,000 in reportable compensation. Revenue rose 136% between FY2020 and FY2025. Source: Form 990, FY2025.

Where $100 of spending went

The fiscal year ending September 30, 2025 · Form 990, Part IX, line 25 · total expenses $30M

For context, the median across 933 covered housing & shelter charities: $89.27 programs, $10.73 management, $0.00 fundraising (medians computed separately, so they may not sum to $100).

Where $100 of revenue came from

The fiscal year ending September 30, 2025 · Form 990, Part VIII · total revenue $29M

The 990 scorecard · same measures for every charity, no grades

FY2025 filing. Median across 933 covered charities in this category, from their latest filings.
MeasureFY2025Median
Program services
Part IX 25(B) ÷ 25(A)
93.4%87.5%
Management & general
Part IX 25(C) ÷ 25(A)
6.6%10.5%
Fundraising
Part IX 25(D) ÷ 25(A)
0.0%0.0%
Fundraising cost per $1 of contributions
Part IX 25(D) ÷ Part VIII 1h
$0.00$0.01
Contributions & grants share of revenue
Part VIII 1h ÷ 12
64.9%17.0%
Government grants share of revenue
Part VIII 1e ÷ 12
60.1%1.0%
Program service revenue share
Part VIII 2g ÷ 12
32.0%66.2%
Highest reported compensation
Part VII-A, columns D–F
$220,988$300,863
Highest compensation as share of expenses
Part VII-A ÷ Part IX 25(A)
0.73%1.57%
People paid over $100,000
Part VII, line 2
15
Net assets, in months of expenses
Part X 33(B) ÷ monthly expenses
7.910.0
Independent voting board members
Part VI 1a–1b
11 of 11100.0%

A median is context, not a target: hospitals, universities, food banks and grantmakers spend in very different ways. What these measures can and can't tell you.

What the money paid for, in its own words

FY2025 · Form 990, Part III · the three largest programs by expense
$4.4M expenses · 15.7% of program spending · revenue $4.4M

Provided managerial oversight and property management services to the community properties owned by the organization and the schedule r entities, and provided third-party maintenance to our nonprofit organization. We managed thirteen (13) affordable housing communities providing 526 apartments to disabled, elderly, and low-income families

$24M expenses · 84.3% of program spending · grants $13M · revenue $4.9M

Provide housing and support services across colorado to low-income, elderly and disabled residents, including home modifications and repair; housing counseling/rental navigation; affordable housing assistance and search; senior services navigation, and more

Highest reported compensation

FY2025 · Form 990, Part VII, Section A · roles as filed; names are in the filing, not here
RoleFrom this orgFrom related orgsOtherTotal
PRESIDENT
Officer, 55.00 hrs/week
$190,246$0$30,742$220,988

1 people received more than $100,000 in reportable compensation from Brothers Redevelopment (Part VII, line 2). Compensation of current officers, directors and key employees totaled $221K (Part IX, line 5).

6 years of filings

Form 990, Parts I, VII, IX and X · each row is that year's own filing, linked
RevenueExpenses
$0$10M$20M$30M$40MFY2020FY2021FY2022FY2023FY2024FY2025$29M$30M
FilingRevenueExpensesProgramsNet assetsTop pay
FY2025 ⓘ$29M$30M93.4%$20M$220,988
FY2024 ⓘ$31M$29M87.0%$21M$196,200
FY2023 ⓘ$26M$24M87.2%$20M$172,000
FY2022 (amended) ⓘ$24M$22M89.5%$18M$172,000
FY2021 ⓘ$22M$20M86.0%$14M$142,028
FY2020 ⓘ$12M$12M81.5%$10M$125,210

Governance answers, as filed

FY2025 · the organization's own yes/no answers; explanations, if any, are in Schedule O of the filing · what each means
  • Voting board members, and how many are independent Part VI, lines 1a–1b11 · 11 independent
  • Audited financial statements Part XII 2bYes
  • Conflict-of-interest policy Part VI 12aYes
  • Whistleblower policy Part VI 13Yes
  • Document retention policy Part VI 14Yes
  • Independent process for top executive pay Part VI 15aYes
  • Board given the 990 before filing Part VI 11aYes
  • Family or business ties among insiders Part VI 2No
  • Aware of a significant diversion of assets Part VI 5No
  • Excess benefit transaction with an insider Part IV 25aNo
  • Loans to or from insiders outstanding Part IV 26No
  • Lobbying, or a 501(h) election in effect Part IV 4No
  • Over $15,000 of professional fundraising services Part IV 18No
  • Over $10,000 of activity outside the U.S. Part IV 14bNo
  • Employees Part I, line 5171
  • Volunteers Part I, line 62,352

Largest outside contractors

FY2025 · Form 990, Part VII, Section B · businesses only
EXCELLENCE ROOFING & CONTRUCTION LLC
Remodel
$347,433
TKS REMODELING LLC
Remodel
$135,185
CROWE LLP
Financial services
$116,300

Individuals listed as contractors are left out. 3 contractors were paid more than $100,000 in all.

Private foundation grants it received

11 private foundations reported grants to Brothers Redevelopment totaling $336K on their tax year 2023 Form 990-PF returns. See which foundations, on WHOFUNDS.

Source: WHOFUNDS open grant graph, matched from Form 990-PF Part XV.

Correct a figure or respond

Every number above is copied from Brothers Redevelopment's own Form 990. If one doesn't match the filing, that's our error and we'll fix it. If you work for Brothers Redevelopment, you can publish a response that is linked from this page.

Similar-sized charities in this cause

All housing & shelter charities · Largest charities in Colorado

Questions people ask

How much of Brothers Redevelopment's spending goes to programs?

In the fiscal year ending September 30, 2025, Brothers Redevelopment reported that 93.4% of its $30.2 million in expenses went to program services, 6.6% to management and general and 0.0% to fundraising (Form 990, Part IX).

How much does Brothers Redevelopment pay its top executive?

The largest total compensation Brothers Redevelopment reported for one person in the fiscal year ending September 30, 2025 was $220,988, for the role of PRESIDENT (Form 990, Part VII, including compensation from related organizations and other compensation).

Where does Brothers Redevelopment get its money?

Of $29.0 million in revenue in the fiscal year ending September 30, 2025, 64.9% came from contributions and grants (including 60.1% from government grants) and 32.0% from program service revenue (Form 990, Part VIII).

Is Brothers Redevelopment a registered charity?

The IRS lists EIN 84-0615347 as a 501(c)(3) organization (publicly supported organization (170(b)(1)(a)(vi))), and its records show contributions as tax-deductible. Form 990 filings on record here cover tax years 2019, 2020, 2021, 2022, 2023, 2024. A filing shows what the organization reported; it doesn't by itself show whether a program works.

Sources

  • FY2025: Form 990 for the fiscal year ending September 30, 2025, object 202642179349301509 · read the filing
  • FY2024: Form 990 for the fiscal year ending September 30, 2024, object 202542239349300929 · read the filing
  • FY2023: Form 990 for the fiscal year ending September 30, 2023, object 202422229349300732 · read the filing
  • FY2022: Form 990 for the fiscal year ending September 30, 2022 (amended), object 202410439349301661 · read the filing
  • FY2021: Form 990 for the fiscal year ending September 30, 2021, object 202232279349302003 · read the filing
  • FY2020: Form 990 for the fiscal year ending September 30, 2020, object 202102289349303865 · read the filing

All filings for EIN 84-0615347: ProPublica Nonprofit Explorer · IRS Tax Exempt Organization Search. Figures are as the organization reported them; we have not audited them.