Totals
- Total revenue
- $10,262,886
- Total expenses
- $9,108,032
- Contributions and grants received
- $1,624,795
- Grants paid
- $0
- Program service revenue
- $7,836,406
- Investment income
- $5,139
- Other revenue
- $796,546
- Total assets, end of year
- $65,077,123
- Total liabilities, end of year
- $24,028,125
- Net assets or fund balances, end of year
- $41,048,998
- Program services expenses (Part IX)
- $8,837,058
- Management and general expenses
- $78,930
- Fundraising expenses
- $192,044
- Program service expenses (Part III)
- $8,837,058
Program services were 97.0% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.
Line items
Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.
Revenue
Part VIII, the statement of revenue.
-
1e · Government grants (contributions)
$1,457,162
-
1f · All other contributions, gifts and grants
$167,633
-
1g · Noncash contributions included above
$15,009
-
2a · Program service revenue: DEVELOPER FEES
total $849,666 · related or exempt $849,666
-
2b · Program service revenue: LOAN INTEREST
total $816,483 · related or exempt $816,483
-
2c · Program service revenue: OTHER
total $25,833 · related or exempt $25,833
-
2d · Program service revenue: OTHER SERVICES
total $266,583 · related or exempt $266,583
-
2e · Program service revenue: RENTS
total $5,877,841 · related or exempt $5,877,841
-
3 · Investment income
total $5,139 · related or exempt $5,139
-
4 · Income from investment of tax-exempt bond proceeds
total $0
-
5 · Royalties
total $0
-
6d · Net rental income or loss
total $0
-
7d · Net gain or loss
total $0
-
8c · Net income from fundraising events
total $0
-
9c · Net income from gaming
total $0
-
10c · Net income from sales of inventory
total $0
-
11a · Other revenue: EQUITY INCOME FROM AFFILIATES
total $796,546 · related or exempt $796,546
-
11e · Other revenue, total
$796,546
Functional expenses
Part IX, the statement of functional expenses.
-
1 · Grants to domestic organizations and governments
total $0
-
2 · Grants to domestic individuals
total $0
-
3 · Grants to foreign organizations and individuals
total $0
-
4 · Benefits paid to or for members
total $0
-
5 · Compensation of officers, directors and key employees
total $392,829 · program services $392,829
-
6 · Compensation of disqualified persons
total $0
-
7 · Other salaries and wages
total $781,463 · program services $599,533 · management and general $23,264 · fundraising $158,666
-
8 · Pension plan contributions
total $0
-
9 · Other employee benefits
total $0
-
10 · Payroll taxes
total $66,972 · program services $56,596 · management and general $1,327 · fundraising $9,049
-
11a · Fees: management
total $438,685 · program services $438,685
-
11b · Fees: legal
total $0
-
11c · Fees: accounting
total $0
-
11d · Fees: lobbying
total $0
-
11e · Fees: professional fundraising services
total $0
-
11f · Fees: investment management
total $0
-
11g · Fees: other
total $0
-
12 · Advertising and promotion
total $0
-
13 · Office expenses
total $59,546 · program services $57,510 · management and general $2,036
-
14 · Information technology
total $27,915 · program services $18,845 · management and general $9,070
-
15 · Royalties
total $0
-
16 · Occupancy
total $0
-
17 · Travel
total $47,091 · program services $44,508 · management and general $2,583
-
18 · Travel or entertainment for public officials
total $0
-
19 · Conferences, conventions and meetings
total $0
-
20 · Interest
total $1,038,077 · program services $1,038,077
-
21 · Payments to affiliates
total $0
-
22 · Depreciation, depletion and amortization
total $1,925,724 · program services $1,925,724
-
23 · Insurance
total $637,848 · program services $637,104 · management and general $744
-
24a · Other expenses: OPERATING AND MAINTENANCE
total $1,403,873 · program services $1,403,873
-
24b · Other expenses: ADMIN SUPPORT
total $1,069,363 · program services $1,065,246 · management and general $4,117
-
24c · Other expenses: RENT AND UTILITIES
total $998,156 · program services $964,392 · management and general $33,764
-
24d · Other expenses: F & F REPLACEMENTS
total $129,654 · program services $129,654
-
24e · All other expenses
total $90,836 · program services $64,482 · management and general $2,025 · fundraising $24,329
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $4,268,426 · end of year $4,819,715
-
2 · Savings and temporary cash investments
beginning of year $2,064,385 · end of year $2,125,071
-
3 · Pledges and grants receivable
end of year $0
-
4 · Accounts receivable
beginning of year $2,861,465 · end of year $2,176,719
-
5 · Loans and receivables from officers and key people
end of year $0
-
6 · Loans and receivables from disqualified persons
end of year $0
-
7 · Other notes and loans receivable
beginning of year $19,712,475 · end of year $17,361,649
-
8 · Inventories for sale or use
end of year $0
-
9 · Prepaid expenses and deferred charges
beginning of year $186,847 · end of year $229,990
-
10a · Land, buildings and equipment: cost or other basis
$60,659,623
-
10b · Land, buildings and equipment: accumulated depreciation
$22,928,664
-
10c · Land, buildings and equipment, net
beginning of year $34,587,975 · end of year $37,730,959
-
11 · Investments: publicly traded securities
end of year $0
-
12 · Investments: other securities
end of year $0
-
13 · Investments: program-related
beginning of year $689,646 · end of year $633,020
-
14 · Intangible assets
end of year $0
-
15 · Other assets
beginning of year $4,979 · end of year $0
-
17 · Accounts payable and accrued expenses
beginning of year $311,982 · end of year $572,906
-
19 · Deferred revenue
beginning of year $64,286 · end of year $60,300
-
23 · Secured mortgages and notes payable
beginning of year $24,085,229 · end of year $23,394,916
-
25 · Other liabilities
beginning of year $1 · end of year $3
-
27 · Net assets without donor restrictions
beginning of year $39,914,700 · end of year $41,048,998
Mission and programs · 2024
Mission
HOMEWORD USES SUSTAINABLE METHODS TO PROVIDE SAFE, HEALTHY HOMES THAT PEOPLE CAN AFFORD AND STRENGTHENS THE COMMUNITY THROUGH HOUSING COUNSELING AND EDUCATION.
Activities or mission (Part I)
HOMEWORD USES SUSTAINABLE METHODS TO PROVIDE SAFE, HEALTHY HOMES THAT PEOPLE CAN AFFORD AND STRENGTHEN THE COMMUNITY THROUGH HOUSING COUNSELING AND EDUCATION.
-
PROPERTY MANAGEMENT:DAILY ACTIVITES ARE CONTRACTED WITH QUALIFIED THIRD-PARTY PROPERTY MANAGEMENT COMPANIES. HOMEWORD OVERSEES THE ASSET MANAGEMENT OF THE DEVELOPED PROPERTIES INCLUDING REGULATORY COMPLIANCE AND FINANCIAL MANAGEMENT ONCE HOUSING DEVELOPMENT COMPLETES CONSTRUCTION AND DEVELOPMENT OF THE PROPERTIES.
Expenses $7,463,568
-
HOUSING DEVELOPMENT:HOUSING DEVELOPMENT PROVIDES HOMES PEOPLE CAN AFFORD TO FAMILIES WITH LOWER INCOME THROUGH DEVELOPMENT OF SINGLE-FAMILY AND MULTI-FAMILY PROJECTS AND PRESERVATION OF EXISTING HOMES. DEVELOPMENT IS ALSO RESPONSIBLE FOR THE FORMATION OF TAX CREDIT PARTNERSHIPS AND OTHER LEGAL ENTITIES CREATED FOR THE PURPOSE OF OWNERSHIP AND DEVELOPMENT. COSTS INCLUDE STAFF WAGES, UNRECOUPED EXPENSES ASSOCIATED WITH NEW OR REHABILITATION PREDEVELOPMENT AND CONSTRUCTION MANAGEMENTS COSTS. NEARLY ALL OF DEVELOPMENT INCOME IS GENERATED VIA FEDERAL AND STATE GRANTS AND IS PASSED THROUGH DIRECTLY TO THE PROJECTS IN FORMS OF LOANS AND EQUITY. HOMEWORD RETAINS A PORTION OF ANY DEVELOPER FEE NOT DEFERRED FOR OPERATIONS.
Expenses $584,035
-
ASSET MANAGEMENT:Asset Management is responsible for managing Homeword's properties.
Expenses $420,713
-
HOME OWNERSHIP CENTER:HOMEWORDS HOME OWNERSHIP CENTER PROVIDES A VARIETY OF COUNSELING AND EDUCATION SERVICES TO PEOPLE LIVING WITH LOW TO MODERATE INCOMES AT NO COSTS, INCLUDING HOMEBUYER, FINANICAL AND RENTER EDUCATION AND COUNSELING. SINCE 1997, HOMEWORD HAS EMPOWERED OVER 19,500 PEOPLE. COSTS ASSOCIATED WITH THE HOME OWNERSHIP CENTER INCLUDE STAFF WAGES, OFFICE SPACE RENT, TRAINING SUPPLIES, CHILD CARE, AND OTHER COSTS INCURRED IN PROVIDING THE TRAINING AND COUNSELING SERVICES.
Expenses $368,742
As filed on the 2024 return. The filer continues this part on Schedule O, which is not shown here.
Listed in Part VII
-
KARISSA TRUJILLO
Executive Dir.
- Total calculated
- $113,858
- From this org
- $113,858
- From related orgs
- $0
- Other
- $0
- Hours/week
- 40 + 1 related
-
HEATHER MCMILIN
Director
- Total calculated
- $102,622
- From this org
- $102,622
- From related orgs
- $0
- Other
- $0
- Hours/week
- 40 + 1 related
-
MATT JOSEPH
Director
- Total calculated
- $97,631
- From this org
- $97,631
- From related orgs
- $0
- Other
- $0
- Hours/week
- 40 + 1 related
-
JULIE PAVLISH
Director
- Total calculated
- $78,718
- From this org
- $78,718
- From related orgs
- $0
- Other
- $0
- Hours/week
- 40 + 1 related
-
BETH HAYES
Board Member
- Total calculated
- $0
- Hours/week
- 1
-
MEG HAENN
Vice President
- Total calculated
- $0
- Hours/week
- 1
-
JESSICA VIZZUTTI
President
- Total calculated
- $0
- Hours/week
- 1
-
JASON ERICKSON
Treasurer
- Total calculated
- $0
- Hours/week
- 1
-
ALICE JONES
Board Member
- Total calculated
- $0
- Hours/week
- 1
-
ADRIENNE MAXWELL
Secretary
- Total calculated
- $0
- Hours/week
- 1
-
SARA NELSON
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 0
-
RYAN SEARS
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 0
-
BRUCE HAROLDSON
Board Member
- Total calculated
- $0
- Hours/week
- 1
-
GRETCHEN HOOKER
Board Member
- Total calculated
- $0
- Hours/week
- 1
-
JESSICA WELTMAN
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 0
-
MAUREEN RUDE
Board Member
- Total calculated
- $0
- Hours/week
- 1
-
PELAH HOYT
Board Member
- Total calculated
- $0
- Hours/week
- 1
Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those.
Grants on this return
No itemized grants to organizations on this return.
Related organizations on this return
Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.
-
501(c)(2) · HOLD TITLE · MT · controlled entity
Directly controlled by HOMEWORD INC
Taxable family on this return
Schedule R Parts I, III and IV, as filed. These record ownership and control, not shared board members or money moved.
Disregarded entities
Part I: entities that legally are the filer and file no return of their own.
-
Housing · MT · income $73,892 · assets $467,510
Directly controlled by HOMEWORD INC
-
Housing · MT · income $119,388 · assets $494,246
Directly controlled by HOMEWORD INC
-
Housing · MT · income $133,911 · assets $696,735
Directly controlled by HOMEWORD INC
-
Housing · MT · income $185,609 · assets $1,067,680
Directly controlled by HOMEWORD INC
-
ASSET HOLDING · MT · income $63,175 · assets $2,765,108
Directly controlled by HOMEWORD INC
-
HOUSING · MT · income $213,340 · assets $2,129,171
Directly controlled by HOMEWORD INC
-
CREEKSIDE APARTMENT LLC
HOUSING · MT · income $1,839,344 · assets $12,896,861
Directly controlled by HOMEWORD INC
-
HOUSING · MT · income $834,674 · assets $3,410,051
Directly controlled by HOMEWORD INC
-
HOUSING · MT · income $739,548 · assets $3,813,030
Directly controlled by HOMEWORD INC
-
HOUSING · MT · income $843,163 · assets $3,019,246
Directly controlled by HOMEWORD INC
-
HOUSING · MT · income $340,276 · assets $4,018,273
Directly controlled by HOMEWORD INC
-
OUELLETTE PLACE LIMITED PARTNERSHIP
HOUSING · MT · income $352,790 · assets $3,960,375
Directly controlled by HOMEWORD INC
-
HOUSING · MT · income $201,427 · assets $3,113,577
Directly controlled by HOMEWORD INC
Related partnerships
Part III: related organizations taxable as a partnership, with the filer's share.
-
INVESTMENT · HOUSING · MT · 79% owned · share of income $25,441 · share of assets $832,249
Directly controlled by HOMEWORD INC
Provenance
- Return type
- form_990
- Tax year
- 2024
- Filed
- 13 March 2026
- IRS schema version
- 2024v5.2
- Source object
- 202640729349300919
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