Form 990 for tax year 2023
Filed by JACKSON HOLE COMMUNITY HOUSING.
Totals
- Total revenue
- $10,123,981
- Total expenses
- $2,092,760
- Contributions and grants received
- $10,509,509
- Grants paid
- $0
- Program service revenue
- $881,620
- Investment income
- -$1,267,148
- Other revenue
- $0
- Total assets, end of year
- $43,371,552
- Total liabilities, end of year
- $5,814,617
- Net assets or fund balances, end of year
- $37,556,935
- Program services expenses (Part IX)
- $1,457,191
- Management and general expenses
- $259,501
- Fundraising expenses
- $376,068
- Program service expenses (Part III)
- $1,457,191
Program services were 69.6% 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
$347,146
-
1e · Government grants (contributions)
$50,000
-
1f · All other contributions, gifts and grants
$10,112,363
-
1g · Noncash contributions included above
$8,841,000
-
2a · Program service revenue: APPLICATION FEES
total $4,449 · related or exempt $4,449
-
2b · Program service revenue: GROUND LEASE FEES
total $123,975 · related or exempt $123,975
-
2c · Program service revenue: MANAGEMENT FEE
total $16,008 · related or exempt $16,008
-
2d · Program service revenue: OTHER FEES
total $5,622 · related or exempt $5,622
-
2e · Program service revenue: RENTAL INCOME
total $728,006 · related or exempt $728,006
-
2f · All other program service revenue
total $3,560 · related or exempt $3,560
-
3 · Investment income
total $42,310 · excluded $42,310
-
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
securities $842,093 · other assets $4,245,000
-
7b · Less cost or other basis and sales expenses
securities $842,093 · other assets $5,554,458
-
7c · Gain or loss
other assets -$1,309,458
-
7d · Net gain or loss
total -$1,309,458 · related or exempt -$510,536 · excluded -$798,922
-
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 $180,044 · program services $72,018 · management and general $27,007 · fundraising $81,019
-
6 · Compensation of disqualified persons
total $0
-
7 · Other salaries and wages
total $454,765 · program services $295,782 · management and general $71,285 · fundraising $87,698
-
8 · Pension plan contributions
total $18,568 · program services $10,786 · management and general $2,876 · fundraising $4,906
-
9 · Other employee benefits
total $46,615 · program services $28,026 · management and general $7,244 · fundraising $11,345
-
10 · Payroll taxes
total $65,935 · program services $38,300 · management and general $10,212 · fundraising $17,423
-
11a · Fees: management
total $21,432 · program services $21,432
-
11b · Fees: legal
total $8,011 · program services $387 · management and general $7,624
-
11c · Fees: accounting
total $136,413 · program services $7,650 · management and general $78,278 · fundraising $50,485
-
11d · Fees: lobbying
total $0
-
11e · Fees: professional fundraising services
total $0
-
11f · Fees: investment management
total $0
-
11g · Fees: other
total $3,872 · management and general $3,872
-
12 · Advertising and promotion
total $100,570 · fundraising $100,570
-
13 · Office expenses
total $43,998 · program services $21,999 · management and general $15,399 · fundraising $6,600
-
14 · Information technology
total $11,036 · program services $5,518 · management and general $2,759 · fundraising $2,759
-
15 · Royalties
total $0
-
16 · Occupancy
total $30,480 · program services $15,240 · management and general $7,620 · fundraising $7,620
-
17 · Travel
total $16 · management and general $16
-
18 · Travel or entertainment for public officials
total $0
-
19 · Conferences, conventions and meetings
total $0
-
20 · Interest
total $192,468 · program services $192,468
-
21 · Payments to affiliates
total $0
-
22 · Depreciation, depletion and amortization
total $411,220 · program services $394,290 · management and general $11,287 · fundraising $5,643
-
23 · Insurance
total $69,587 · program services $57,348 · management and general $12,239
-
24a · Other expenses: GROUND LEASE EXPENSE
total $125,211 · program services $125,211
-
24b · Other expenses: REPAIRS & MAINTENANCE
total $99,368 · program services $99,368
-
24c · Other expenses: NORTH KING ST. DEVLPMT REPAIRS
total $34,436 · program services $34,436
-
24d · Other expenses: RENTAL UNIT UTILITIES
total $26,566 · program services $26,566
-
24e · All other expenses
total $12,149 · program services $10,366 · management and general $1,783
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
end of year $0
-
2 · Savings and temporary cash investments
beginning of year $3,700,776 · end of year $2,394,350
-
3 · Pledges and grants receivable
beginning of year $27,925 · end of year $577,734
-
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 $42,919 · end of year $237,945
-
10a · Land, buildings and equipment: cost or other basis
$35,610,185
-
10b · Land, buildings and equipment: accumulated depreciation
$2,011,031
-
10c · Land, buildings and equipment, net
beginning of year $25,440,923 · end of year $33,599,154
-
11 · Investments: publicly traded securities
end of year $1,333,214
-
12 · Investments: other securities
end of year $0
-
13 · Investments: program-related
end of year $0
-
14 · Intangible assets
beginning of year $46,000 · end of year $35,600
-
15 · Other assets
beginning of year $6,248,299 · end of year $5,193,555
-
17 · Accounts payable and accrued expenses
beginning of year $159,560 · end of year $92,293
-
19 · Deferred revenue
beginning of year $638,773 · end of year $575,461
-
23 · Secured mortgages and notes payable
beginning of year $3,570,534 · end of year $3,475,785
-
25 · Other liabilities
beginning of year $1,612,261 · end of year $1,671,078
-
27 · Net assets without donor restrictions
beginning of year $22,426,216 · end of year $24,893,378
-
28 · Net assets with donor restrictions
beginning of year $7,099,498 · end of year $12,663,557
Mission and programs · 2023
Mission
SEE SCHEDULE O
-
Jackson Hole Commuinty Housing Trust (The Housing Trust) owns and manages 34 affordable rental units in Jackson, WY: 28 units at Redmond Street Rentals was developed by the Housing Trust in 2018; two units at 630 East Kelly and 3950 W Pony were donated to the Housing Trust in 2023; and a four unit apartment building located at 225 East Hansen, along with additional land at 235 East Hansen which is affordably leased to seven mobile homeowners, was acquired in 2021. The Housing Trust is responsible for the annual re-qualification of each household, lease preparation and execution as well as the financial management of all aspects of the property, including the procurement and payment of utilities, insurance, negotiating contracts with snow removal and landscaping partners and annual budgeting. The Housing Trust is also responsible for the replacement reserves for each rental development, as well as maintenance of each property. In addition, each time a rental unit turns over, Housing Trust staff facilitates the re-leasing of the unit and selects a new income qualified tenant to lease the unit for a minimum 12-month term.
Expenses $1,014,518 · Revenue $728,006
-
Since 1991, the Housing Trust has developed or acquired 150 homes for sale. The affordability of each home is protected in perpetuity by a 99-year ground lease or special restriction recorded against the property. Central to the stewardship of these assets are the management and administration of the restriction 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, each time a Housing Trust home is sold or re-sold, Housing Trust staff works to ensure every buyer is income qualified and educated about deed restricted housing and then successfully facilitates the sale. To quickly facilitate the lease or sale of an affordable home, the Housing Trust actively manages a growing database of income-qualified applicants - currently near 1,500 active household applications. Every applicant to the Housing Trust program is required to complete a comprehensive application in order to be considered for an affordable housing opportunity.
Expenses $442,673 · Revenue $182,606
-
As the need for affordable housing in Teton County grows, the Housing Trust works to add to its inventory of affordable housing for rent and for sale. As a not-for-profit developer of affordable housing this scope includes, but is not limited to, land acquisition; preconstruction due diligence; financial analysis; coordinating architects, engineers, and contractors; budget development and fundraising. In 2023, the Housing Trust's development efforts were focused on the development of 20 affordable homes at 620 East Hansen. Specifically, Housing Trust staff worked to finalize the site and unit design, develop a comprehensive project budget, secure construction financing, and fundraise the subsidy required to ensure the homes are affordable for income qualified buyers. All pre-development efforts were driving toward a spring 2024 groundbreaking.
As filed on the 2023 return.
Listed in Part VII
-
Anne CresswellANNE CRESSWELL
Executive Dir.
- Total calculated
- $180,044
- From this org
- $174,800
- From related orgs
- $0
- Other
- $5,244
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $166,667
- Bonus
- $3,333
- Other
- $4,800
- Deferred
- $5,244
- Nontaxable benefits
- not reported
- Filer's total
- $180,044
-
Lannie HoglundLANNIE HOGLUND
Director
- Total calculated
- $0
- Hours/week
- 0.5
-
Alexis DittmerALEXIS DITTMER
Vice President
- Total calculated
- $0
- Hours/week
- 1
-
Ethan SteinbergETHAN STEINBERG
Director
- Total calculated
- $0
- Hours/week
- 0.5
-
Julie FergusonJULIE FERGUSON
Director
- Total calculated
- $0
- Hours/week
- 0.5
-
Dale HoytDALE HOYT
Secretary
- Total calculated
- $0
- Hours/week
- 1
-
Van DavisVAN DAVIS
Director
- Total calculated
- $0
- Hours/week
- 0.5
-
Berte HirschfieldBERTE HIRSCHFIELD
President
- Total calculated
- $0
- Hours/week
- 1
-
John D MillhamJOHN D MILLHAM
Director
- Total calculated
- $0
- Hours/week
- 0.5
-
Deborah RamoDEBORAH RAMO
Director
- Total calculated
- $0
- Hours/week
- 0.5
-
Amy MinellaAMY MINELLA
Treasurer
- Total calculated
- $0
- Hours/week
- 1
-
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 $573,106 · assets $8,909,337
Directly controlled by JACKSON HOLE COMMUNITY HOUSING TRUST
Provenance
- Return type
- form_990
- Tax year
- 2023
- Filed
- 15 November 2024
- IRS schema version
- 2023v5.1
- Source object
- 202443209349308039
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