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← METHOW HOUSING TR

Form 990 for tax year 2024

Filed by METHOW HOUSING TR.

Totals

Total revenue
$3,141,628
Total expenses
$483,750
Contributions and grants received
$4,309,672
Grants paid
$0
Program service revenue
$46,817
Investment income
$16,585
Other revenue
-$1,231,446
Total assets, end of year
$17,270,551
Total liabilities, end of year
$79,895
Net assets or fund balances, end of year
$17,190,656
Program services expenses (Part IX)
$342,876
Management and general expenses
$107,159
Fundraising expenses
$33,715
Program service expenses (Part III)
$342,876

Program services were 70.9% 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.

  • 1f · All other contributions, gifts and grants

    $4,309,672

  • 1g · Noncash contributions included above

    $1,090,000

  • 2a · Program service revenue: HOME OWNERSHIP FEES

    total $46,817 · related or exempt $46,817

  • 3 · Investment income

    total $74,404 · excluded $74,404

  • 6a · Gross rents

    real property $10,200

  • 6b · Less rental expenses

    real property $14,175

  • 6c · Rental income or loss

    real property -$3,975

  • 6d · Net rental income or loss

    total -$3,975 · excluded -$3,975

  • 7b · Less cost or other basis and sales expenses

    securities $57,819

  • 7c · Gain or loss

    securities -$57,819

  • 7d · Net gain or loss

    total -$57,819 · excluded -$57,819

  • 10a · Gross sales of inventory

    $1,868,556

  • 10b · Cost of goods sold

    $3,096,027

  • 10c · Net income from sales of inventory

    total -$1,227,471 · related or exempt -$1,227,471

Functional expenses

Part IX, the statement of functional expenses.

  • 5 · Compensation of officers, directors and key employees

    total $109,390 · program services $76,573 · management and general $21,878 · fundraising $10,939

  • 7 · Other salaries and wages

    total $192,144 · program services $157,558 · management and general $19,214 · fundraising $15,372

  • 9 · Other employee benefits

    total $31,482 · program services $25,815 · management and general $3,148 · fundraising $2,519

  • 10 · Payroll taxes

    total $23,263 · program services $19,076 · management and general $2,326 · fundraising $1,861

  • 11b · Fees: legal

    total $13,322 · program services $13,322

  • 11c · Fees: accounting

    total $35,730 · management and general $35,730

  • 11g · Fees: other

    total $4,048 · program services $4,048

  • 12 · Advertising and promotion

    total $2,365 · program services $2,365

  • 13 · Office expenses

    total $7,868 · program services $3,934 · management and general $1,967 · fundraising $1,967

  • 14 · Information technology

    total $2,102 · program services $1,051 · management and general $1,051

  • 16 · Occupancy

    total $22,693 · program services $11,346 · management and general $10,697 · fundraising $650

  • 17 · Travel

    total $12,616 · program services $12,616

  • 19 · Conferences, conventions and meetings

    total $4,136 · program services $2,068 · management and general $2,068

  • 23 · Insurance

    total $7,686 · management and general $7,686

  • 24a · Other expenses: MISCELLANEOUS

    total $10,087 · program services $10,087

  • 24b · Other expenses: MEMBER OUTREACH

    total $3,017 · program services $3,017

  • 24c · Other expenses: BANK FEES

    total $1,394 · management and general $1,394

  • 24d · Other expenses: FUNDRAISING

    total $407 · fundraising $407

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $1,033,301 · end of year $2,225,738

  • 3 · Pledges and grants receivable

    beginning of year $6,428,624 · end of year $5,451,205

  • 4 · Accounts receivable

    beginning of year $1,187,149 · end of year $0

  • 7 · Other notes and loans receivable

    beginning of year $2,559 · end of year $2,811

  • 8 · Inventories for sale or use

    beginning of year $1,580,533 · end of year $3,949,860

  • 9 · Prepaid expenses and deferred charges

    beginning of year $4,640 · end of year $4,640

  • 10a · Land, buildings and equipment: cost or other basis

    $5,181,889

  • 10c · Land, buildings and equipment, net

    beginning of year $4,381,165 · end of year $5,181,889

  • 12 · Investments: other securities

    beginning of year $455,110 · end of year $435,879

  • 15 · Other assets

    beginning of year $18,529 · end of year $18,529

  • 17 · Accounts payable and accrued expenses

    beginning of year $290,939 · end of year $60,906

  • 24 · Unsecured notes and loans payable

    beginning of year $288,196 · end of year $0

  • 25 · Other liabilities

    beginning of year $18,989 · end of year $18,989

  • 27 · Net assets without donor restrictions

    beginning of year $13,834,505 · end of year $16,790,656

  • 28 · Net assets with donor restrictions

    beginning of year $658,981 · end of year $400,000

Mission and programs · 2024

Mission

THE METHOW HOUSING TRUST DEVELOPS AND PRESERVES AFFORDABLE, QUALITY HOUSING FOR RESIDENTS OF THE METHOW VALLEY.

  • THE METHOW HOUSTING TRUST HOME-OWNERSHIP PROGRAM AIMS TO HELP BRIDGE THE GAP BETWEEN THE RISING COST OF METHOW VALLEY HOMES AND THE MODEST WAGES MANY LOCAL RESIDENTS LIVE ON BY DEVELOPING AND MANAGING AFFORDABLE HOME-OWNERSHIP OPPORTUNITIES. THE TRUST PROVIDES SUBSIDIZED HOUSING, HOME-OWNERSHIP EDUCATION AND COMMUNITY PLANNING THROUGH ITS PROGRAMS.

    Expenses $342,876 · Revenue -$1,180,209

As filed on the 2024 return.

Listed in Part VII

  • Rocklynn Culp

    PRESIDENT

    Total calculated
    $0
    Hours/week
    2

  • Don Linnertz

    VICE PRESIDENT

    Total calculated
    $0
    Hours/week
    2

  • John Bliss

    TREASURER

    Total calculated
    $0
    Hours/week
    2

  • Teresa Mitchell

    SECRETARY

    Total calculated
    $0
    Hours/week
    2

  • Phil Davis

    DIRECTOR

    Total calculated
    $0
    Hours/week
    4

  • Madeleine Eckmann

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Callie Fink

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Laura Grignon

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Katie Leuthauser

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Chris Moore

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Nancy Nash Mendez

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Danica Ready

    EXECUTIVE DIRECTOR

    Total calculated
    $114,290
    From this org
    $114,290
    From related orgs
    $0
    Other
    $0
    Hours/week
    35

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
2024
Filed
17 November 2025
IRS schema version
2024v5.2
Source object
202533219349322963

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