Form 990 for tax year 2022
Filed by JACKSON HOLE COMMUNITY HOUSING.
Totals
- Total revenue
- $7,953,283
- Total expenses
- $1,929,783
- Contributions and grants received
- $9,621,511
- Grants paid
- $0
- Program service revenue
- $847,802
- Investment income
- -$2,516,030
- Other revenue
- $0
- Total assets, end of year
- $35,506,842
- Total liabilities, end of year
- $5,981,128
- Net assets or fund balances, end of year
- $29,525,714
- Program services expenses (Part IX)
- $1,397,939
- Management and general expenses
- $214,740
- Fundraising expenses
- $317,104
- Program service expenses (Part III)
- $1,397,939
Program services were 72.4% 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.
-
1a · Federated campaigns
$235,714
-
1e · Government grants (contributions)
$3,486,124
-
1f · All other contributions, gifts and grants
$5,899,673
-
1g · Noncash contributions included above
$8,145,301
-
2a · Program service revenue: APPLICATION FEES
total $5,836 · related or exempt $5,836
-
2b · Program service revenue: GROUND LEASE FEES
total $119,984 · related or exempt $119,984
-
2c · Program service revenue: MANAGEMENT FEE
total $15,396 · related or exempt $15,396
-
2d · Program service revenue: RENTAL INCOME
total $689,298 · related or exempt $689,298
-
2e · Program service revenue: UNIT TRANSFER FEES
total $9,842 · related or exempt $9,842
-
2f · All other program service revenue
total $7,446 · related or exempt $7,446
-
3 · Investment income
total $3,355 · excluded $3,355
-
4 · Income from investment of tax-exempt bond proceeds
total $0
-
5 · Royalties
total $0
-
6d · Net rental income or loss
total $0
-
7a · Gross sales of assets other than inventory
other assets $10,911,548
-
7b · Less cost or other basis and sales expenses
other assets $13,430,933
-
7c · Gain or loss
other assets -$2,519,385
-
7d · Net gain or loss
total -$2,519,385 · related or exempt -$1,984,508 · excluded -$534,877
-
8c · Net income from fundraising events
total $0
-
9c · Net income from gaming
total $0
-
10c · Net income from sales of inventory
total $0
-
11e · Other revenue, total
$0
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 $179,010 · program services $89,505 · management and general $26,852 · fundraising $62,653
-
6 · Compensation of disqualified persons
total $0
-
7 · Other salaries and wages
total $460,000 · program services $289,500 · management and general $81,500 · fundraising $89,000
-
8 · Pension plan contributions
total $12,164 · program services $7,648 · management and general $2,153 · fundraising $2,363
-
9 · Other employee benefits
total $33,035 · program services $20,092 · management and general $5,706 · fundraising $7,237
-
10 · Payroll taxes
total $64,041 · program services $38,071 · management and general $10,877 · fundraising $15,093
-
11a · Fees: management
total $0
-
11b · Fees: legal
total $6,517 · program services $2,458 · management and general $4,059
-
11c · Fees: accounting
total $82,900 · program services $51,225 · management and general $31,675
-
11d · Fees: lobbying
total $0
-
11e · Fees: professional fundraising services
total $0
-
11f · Fees: investment management
total $0
-
11g · Fees: other
total $12,061 · management and general $12,061
-
12 · Advertising and promotion
total $122,937 · fundraising $122,937
-
13 · Office expenses
total $29,736 · program services $14,868 · management and general $9,511 · fundraising $5,357
-
14 · Information technology
total $4,920 · program services $2,460 · management and general $1,230 · fundraising $1,230
-
15 · Royalties
total $0
-
16 · Occupancy
total $30,480 · program services $15,240 · management and general $7,620 · fundraising $7,620
-
17 · Travel
total $1,033 · management and general $1,033
-
18 · Travel or entertainment for public officials
total $0
-
19 · Conferences, conventions and meetings
total $0
-
20 · Interest
total $197,511 · program services $197,511
-
21 · Payments to affiliates
total $0
-
22 · Depreciation, depletion and amortization
total $390,922 · program services $380,081 · management and general $7,227 · fundraising $3,614
-
23 · Insurance
total $56,025 · program services $44,761 · management and general $11,264
-
24a · Other expenses: GROUND LEASE EXPENSE
total $125,211 · program services $125,211
-
24b · Other expenses: RENTAL UNIT EXPENSES
total $113,312 · program services $113,312
-
24c · Other expenses: CANCELED PROJECT EXPENSES
total $4,681 · program services $4,681
-
24d · Other expenses: OTHER
total $3,287 · program services $1,315 · management and general $1,972
-
24e · All other expenses
total $0
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
end of year $0
-
2 · Savings and temporary cash investments
beginning of year $2,692,535 · end of year $3,700,776
-
3 · Pledges and grants receivable
beginning of year $70,000 · end of year $27,925
-
4 · Accounts receivable
end of year $0
-
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
end of year $0
-
8 · Inventories for sale or use
end of year $0
-
9 · Prepaid expenses and deferred charges
beginning of year $29,288 · end of year $42,919
-
10a · Land, buildings and equipment: cost or other basis
$27,080,372
-
10b · Land, buildings and equipment: accumulated depreciation
$1,639,449
-
10c · Land, buildings and equipment, net
beginning of year $22,484,797 · end of year $25,440,923
-
11 · Investments: publicly traded securities
end of year $0
-
12 · Investments: other securities
end of year $0
-
13 · Investments: program-related
end of year $0
-
14 · Intangible assets
end of year $46,000
-
15 · Other assets
beginning of year $12,760,136 · end of year $6,248,299
-
17 · Accounts payable and accrued expenses
beginning of year $1,846,344 · end of year $159,560
-
19 · Deferred revenue
beginning of year $695,557 · end of year $638,773
-
23 · Secured mortgages and notes payable
beginning of year $11,417,789 · end of year $3,570,534
-
25 · Other liabilities
beginning of year $1,907,657 · end of year $1,612,261
-
27 · Net assets without donor restrictions
beginning of year $15,790,638 · end of year $22,426,216
-
28 · Net assets with donor restrictions
beginning of year $6,378,771 · end of year $7,099,498
Mission and programs · 2022
Mission
SEE SCHEDULE O
-
The Housing Trust owns and manages 28 affordable rental units which comprise the Redmond Street Rentals.The Housing Trust owns and manages 5 affordable rental units at 225 East Hansen and 620 East Hansen.
Expenses $1,007,216
-
Since 1991, the Housing Trust has developed or acquired 183 homes. Central to the stewardship of these assets are the management and administration of the Ground Leases and Special Restrictions associated with each home. In concert with this scope of work, staff ensures that the Housing Trust legal, financial and lending guidelines are current with federal requirements. In addition to stewardship of the homes developed and acquired by the Housing Trust over the years, significant staff time each year is also dedicated to predevelopment efforts to assess project viability including but not limited to land acquisition, preconstruction due diligence, financial analysis, partnership identification and collaboration, and fundraising. The Housing Trust previously purchased land which is currently leased to mobile homeowners.
Expenses $390,723
-
During the 2022 year, the Housing Trust completed the construction of 24 residential Condo units and 2 commercial units in Jackson, WY as part of their affordable home ownership program. Upon their completion, the residential units were sold to qualifying home buyers. The $(2,519,385) loss reported in Part VIII on line 7d represents the loss incurred on the sale of the residential and commercial units. The loss represents a subsidy to the qualified home buyers as they were able to purchase the units at a significantly more affordable price than they otherwise would have found on the open market or if they paid for the full cost of construction. The $(2,519,385) is netted with $3,355 of investment income to equal the loss reported on line 10 of Part I.
As filed on the 2022 return.
Listed in Part VII
-
Anne CresswellANNE CRESSWELL
Executive Dir.
- Total calculated
- $179,010
- From this org
- $169,800
- From related orgs
- $0
- Other
- $9,210
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $150,000
- Bonus
- $19,800
- Other
- not reported
- Deferred
- $4,410
- Nontaxable benefits
- $4,800
- Filer's total
- $179,010
-
Alexis DittmerALEXIS DITTMER
Vice Chairwoman
- Total calculated
- $0
- Hours/week
- 1
-
Dale HoytDALE HOYT
Secretary
- Total calculated
- $0
- Hours/week
- 1
-
Lannie HoglundLANNIE HOGLUND
Director
- Total calculated
- $0
- Hours/week
- 0.5
-
Van DavisVAN DAVIS
Director
- Total calculated
- $0
- Hours/week
- 1
-
Berte HirschfieldBERTE HIRSCHFIELD
Chairwoman
- Total calculated
- $0
- Hours/week
- 1
-
Amy MinellaAMY MINELLA
Treasurer
- Total calculated
- $0
- Hours/week
- 1
-
Deborah RamoDEBORAH RAMO
Director
- Total calculated
- $0
- Hours/week
- 0.5
-
Ethan SteinbergETHAN STEINBERG
Director
- Total calculated
- $0
- Hours/week
- 0.5
-
Shelly HollandSHELLY HOLLAND
Director
- Total calculated
- $0
- Hours/week
- 0.5
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. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.
Schedule J
Answered yes
- 3 · Compensation committee
- 3 · Form 990 of other organizations
- 3 · Compensation survey or study
- 3 · Approval by the board or compensation committee
Answered no
- 4a · Severance or change-of-control payment
- 4b · Supplemental nonqualified retirement plan
- 4c · Equity-based compensation arrangement
- 5a · Pay contingent on this organization's revenues
- 5b · Pay contingent on a related organization's revenues
- 6a · Pay contingent on this organization's net earnings
- 6b · Pay contingent on a related organization's net earnings
- 7 · Other non-fixed payments
- 8 · Paid under the initial-contract exception
Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.
Grants on this return
No itemized grants to organizations on this return.
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.
-
REDMOND STREET RENTALS LLC
AFFORDABLE HOUSING LEASING · WY · income $557,384 · assets $8,456,716
Directly controlled by JACKSON HOLE COMMUNITY HOUSING TRUST
Provenance
- Return type
- form_990
- Tax year
- 2022
- Filed
- 15 November 2023
- IRS schema version
- 2022v5.0
- Source object
- 202343199349307229
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