Totals
- Total revenue
- $1,296,861
- Total expenses
- $467,978
- Contributions and grants received
- $1,182,149
- Grants paid
- $0
- Program service revenue
- $104,578
- Investment income
- $1,546
- Other revenue
- $8,588
- Total assets, end of year
- $5,923,623
- Total liabilities, end of year
- $3,192,337
- Net assets or fund balances, end of year
- $2,731,286
- Program services expenses (Part IX)
- $410,226
- Management and general expenses
- $57,752
- Fundraising expenses
- $0
- Program service expenses (Part III)
- $410,226
Program services were 87.7% 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.
-
1c · Fundraising events
$37,047
-
1e · Government grants (contributions)
$402,607
-
1f · All other contributions, gifts and grants
$742,495
-
1g · Noncash contributions included above
$375,000
-
2a · Program service revenue: RENTAL INCOME
total $64,350 · related or exempt $64,350
-
2b · Program service revenue: DEVELOPER FEES
total $33,135 · related or exempt $33,135
-
2c · Program service revenue: HOME TRUST MEMBERSHIP
total $2,696 · related or exempt $2,696
-
2d · Program service revenue: GROUND LEASE FEES
total $1,200 · related or exempt $1,200
-
2f · All other program service revenue
total $3,197 · related or exempt $3,197
-
3 · Investment income
total $1,546 · excluded $1,546
-
8a · Fundraising events: gross income
$10,633
-
8a · Fundraising events: contributions included on line 1c
$37,047
-
8b · Fundraising events: direct expenses
$2,045
-
8c · Net income from fundraising events
total $8,588 · excluded $8,588
Functional expenses
Part IX, the statement of functional expenses.
-
7 · Other salaries and wages
total $271,888 · program services $231,105 · management and general $40,783
-
9 · Other employee benefits
total $995 · program services $846 · management and general $149
-
10 · Payroll taxes
total $25,447 · program services $21,630 · management and general $3,817
-
11a · Fees: management
total $6,500 · program services $5,525 · management and general $975
-
11b · Fees: legal
total $3,238 · program services $2,752 · management and general $486
-
11c · Fees: accounting
total $4,001 · program services $3,401 · management and general $600
-
12 · Advertising and promotion
total $2,032 · program services $1,727 · management and general $305
-
13 · Office expenses
total $4,515 · program services $3,838 · management and general $677
-
14 · Information technology
total $3,251 · program services $2,763 · management and general $488
-
16 · Occupancy
total $50,298 · program services $42,755 · management and general $7,543
-
17 · Travel
total $4,331 · program services $3,681 · management and general $650
-
19 · Conferences, conventions and meetings
total $1,285 · program services $1,092 · management and general $193
-
22 · Depreciation, depletion and amortization
total $31,955 · program services $31,955
-
23 · Insurance
total $7,241 · program services $6,155 · management and general $1,086
-
24a · Other expenses: CLOSING FEES
total $28,345 · program services $28,345
-
24b · Other expenses: PROPERTY REPAIRS AND MA
total $11,337 · program services $11,337
-
24c · Other expenses: CONSTRUCTION SURVEYS AN
total $5,570 · program services $5,570
-
24d · Other expenses: PROPERTY RELATED DESIGN
total $3,814 · program services $3,814
-
24e · All other expenses
total $1,935 · program services $1,935
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $443,028 · end of year $533,187
-
2 · Savings and temporary cash investments
beginning of year $7,061
-
4 · Accounts receivable
beginning of year $248,059 · end of year $308,250
-
9 · Prepaid expenses and deferred charges
beginning of year $1,053 · end of year $11,828
-
10a · Land, buildings and equipment: cost or other basis
$4,944,869
-
10b · Land, buildings and equipment: accumulated depreciation
$89,686
-
10c · Land, buildings and equipment, net
beginning of year $3,474,549 · end of year $4,855,183
-
11 · Investments: publicly traded securities
end of year $10,175
-
12 · Investments: other securities
end of year $205,000
-
17 · Accounts payable and accrued expenses
beginning of year $9,342 · end of year $17,087
-
24 · Unsecured notes and loans payable
beginning of year $2,204,275 · end of year $3,175,250
-
27 · Net assets without donor restrictions
beginning of year $1,257,033 · end of year $2,731,286
-
28 · Net assets with donor restrictions
beginning of year $703,100 · end of year $0
Mission and programs · 2025
Mission
TO GROW AN INCLUSIVE, ECONOMICALLY DIVERSE COMMUNITY BY PROVIDING PERMANENTLY AFFORDABLE HOUSING AND HOUSING RELATED RESOURCES TO MODEST INCOME HOUSEHOLDS IN OURAY COUNTY THROUGH THE STEWARDSHIP OF COMMUNITY ASSETS.
-
HOME TRUST ALSO PROVIDES AFFORDABLE RENTAL HOUSING OPTIONS FOR INCOME-QUALIFIED INDIVIDUALS AND FAMILIES WHO NEED STABLE, AFFORDABLE HOUSING IN OURAY COUNTY. WE WORK WITH LOCAL PROPERTY OWNERS AND GENERAL CONTRACTORS TO BUILD RENTAL HOUSING WHICH WE PRICE BELOW MARKET RATES. OUR RENTALS SERVE A RANGE OF HOUSEHOLDS, FROM SEASONAL WORKERS TO SENIORS ON FIXED INCOMES.
Expenses $59,028 · Revenue $64,350
-
OUR HOMEOWNERSHIP PROGRAM HELPS LOW AND MODERATE-INCOME RESIDENTS OF OURAY COUNTY ACHIEVE THE DREAM OF OWNING A HOME. THROUGH A COMBINATION OF SUBSIDIZED MORTGAGES, GRANTS, AND DONATIONS WE MAKE HOMEOWNERSHIP ACCESSIBLE TO THOSE WHO MIGHT OTHERWISE BE PRICED OUT OF THE MARKET. OUR HOMES ARE DESIGNED TO BE ENERGY-EFFICIENT AND AFFORDABLE.
Expenses $351,198 · Revenue $40,228
As filed on the 2025 return.
Listed in Part VII
-
ERIC STEVENS
CHAIR/PRESIDENT
- Total calculated
- $0
- Hours/week
- 5
-
CRAIG SPEARMAN
SECRETARY
- Total calculated
- $0
- Hours/week
- 5
-
PRESTON NEIL
DIRECTOR
- Total calculated
- $0
- Hours/week
- 5
-
JAKE NIECE
DIRECTOR
- Total calculated
- $0
- Hours/week
- 5
-
MARC HITCHCOX
DIRECTOR
- Total calculated
- $0
- Hours/week
- 5
-
JOSH SMITH
DIRECTOR
- Total calculated
- $0
- Hours/week
- 5
-
ALEX DURHAM
DIRECTOR
- Total calculated
- $0
- Hours/week
- 5
-
ANDREA SOKOLOWSKI
EXECUTIVE DIRECTOR
- Total calculated
- $102,546
- From this org
- $102,546
- From related orgs
- $0
- Other
- $0
- Hours/week
- 40
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.
Provenance
- Return type
- form_990
- Tax year
- 2025
- IRS schema version
- 2025v4.2
- Source object
- 202602439349301640
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