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Nonprofiteer
← MONTANA HOMEOWNERSHIP NETWORK INC

Form 990 for tax year 2023

Filed by MONTANA HOMEOWNERSHIP NETWORK INC.

Totals

Total revenue
$6,761,090
Total expenses
$4,126,163
Contributions and grants received
$4,686,232
Grants paid
$1,311,812
Program service revenue
$1,965,728
Investment income
$109,130
Other revenue
$0
Total assets, end of year
$49,798,954
Total liabilities, end of year
$17,204,259
Net assets or fund balances, end of year
$32,594,695
Program services expenses (Part IX)
$3,644,817
Management and general expenses
$333,120
Fundraising expenses
$148,226
Program service expenses (Part III)
$3,644,817

Program services were 88.3% 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)

    $4,674,128

  • 1f · All other contributions, gifts and grants

    $12,104

  • 1g · Noncash contributions included above

    $6,375

  • 2a · Program service revenue: INTEREST ON LOANS

    total $913,685 · related or exempt $913,685

  • 2b · Program service revenue: CONTRACT INCOME

    total $385,312 · related or exempt $385,312

  • 2c · Program service revenue: OTHER REVENUE

    total $381,781 · related or exempt $381,781

  • 2d · Program service revenue: CONFERENCE INCOME

    total $181,747 · related or exempt $181,747

  • 2e · Program service revenue: LOAN FEES

    total $103,203 · related or exempt $103,203

  • 3 · Investment income

    total $163,914 · excluded $163,914

  • 7a · Gross sales of assets other than inventory

    other assets $96,636

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

    other assets $151,420

  • 7c · Gain or loss

    other assets -$54,784

  • 7d · Net gain or loss

    total -$54,784 · related or exempt -$54,784

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $1,311,812 · program services $1,311,812

  • 5 · Compensation of officers, directors and key employees

    total $226,255 · program services $51,601 · management and general $157,690 · fundraising $16,964

  • 7 · Other salaries and wages

    total $947,677 · program services $806,386 · management and general $58,890 · fundraising $82,401

  • 8 · Pension plan contributions

    total $42,696 · program services $26,030 · management and general $13,745 · fundraising $2,921

  • 9 · Other employee benefits

    total $124,232 · program services $99,670 · management and general $13,147 · fundraising $11,415

  • 10 · Payroll taxes

    total $87,684 · program services $64,559 · management and general $15,922 · fundraising $7,203

  • 11b · Fees: legal

    total -$217 · program services $1,021 · management and general -$1,238

  • 11c · Fees: accounting

    total $14,650 · program services $12,450 · management and general $2,200

  • 12 · Advertising and promotion

    total $20,042 · program services $15,784 · management and general $866 · fundraising $3,392

  • 14 · Information technology

    total $112,718 · program services $107,159 · management and general $1,566 · fundraising $3,993

  • 16 · Occupancy

    total $20,138 · program services $8,338 · management and general $11,800

  • 17 · Travel

    total $57,535 · program services $46,655 · management and general $7,766 · fundraising $3,114

  • 19 · Conferences, conventions and meetings

    total $157,107 · program services $154,103 · management and general $2,779 · fundraising $225

  • 20 · Interest

    total $273,527 · program services $273,527

  • 22 · Depreciation, depletion and amortization

    total $10,436 · program services $6,650 · management and general $2,113 · fundraising $1,673

  • 23 · Insurance

    total $19,846 · program services $11,480 · management and general $7,776 · fundraising $590

  • 24a · Other expenses: BAD DEBT EXPENSE

    total $238,933 · program services $238,933

  • 24b · Other expenses: GRANT EXPENSES

    total $180,959 · program services $179,959 · management and general $1,000

  • 24c · Other expenses: TRAINING - PARTNERS

    total $60,738 · program services $60,738

  • 24d · Other expenses: OUTSIDE SERVICES

    total $42,573 · program services $38,754 · management and general $2,397 · fundraising $1,422

  • 24e · All other expenses

    total $176,822 · program services $129,208 · management and general $34,701 · fundraising $12,913

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $6,277,581 · end of year $6,272,625

  • 2 · Savings and temporary cash investments

    beginning of year $272,833 · end of year $280,711

  • 3 · Pledges and grants receivable

    beginning of year $349,123 · end of year $532,928

  • 7 · Other notes and loans receivable

    beginning of year $36,491,186 · end of year $42,037,819

  • 9 · Prepaid expenses and deferred charges

    beginning of year $31,275 · end of year $20,617

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

    $264,376

  • 10b · Land, buildings and equipment: accumulated depreciation

    $164,732

  • 10c · Land, buildings and equipment, net

    beginning of year $101,879 · end of year $99,644

  • 12 · Investments: other securities

    beginning of year $429,893 · end of year $429,773

  • 15 · Other assets

    beginning of year $147,638 · end of year $124,837

  • 17 · Accounts payable and accrued expenses

    beginning of year $264,727 · end of year $653,387

  • 19 · Deferred revenue

    beginning of year $603,261 · end of year $477,876

  • 23 · Secured mortgages and notes payable

    beginning of year $9,531,207 · end of year $12,856,207

  • 25 · Other liabilities

    beginning of year $3,742,445 · end of year $3,216,789

  • 27 · Net assets without donor restrictions

    beginning of year $12,272,932 · end of year $13,765,249

  • 28 · Net assets with donor restrictions

    beginning of year $17,686,836 · end of year $18,829,446

Mission and programs · 2023

Mission

TOGETHER WE STRENGTHEN OUR COMMUNITIES BY PROVIDING EDUCATION AND FINANCING THAT GIVES EVERY MONTANAN THE OPPORTUNITY TO LIVE IN A HOME WHERE THEY CAN THRIVE.

Activities or mission (Part I)

CREATE SUSTAINABLE HOMEOWNERSHIP OPPORTUNITIES AND IMPROVE THE AVAILABILITY OF AFFORDABLE RENTALS.

  • IN FISCAL YEAR 2024, NEIGHBORWORKS MONTANA PRESERVED THE AFFORDABILITY OF 654 HOMES, CREATED 53 HOMEOWNERS THROUGH EDUCATION AND DOWN PAYMENT ASSISTANCE, AND GRADUATED 1,391 MONTANANS FROM HOMEBUYER EDUCATION.

    Expenses $3,644,817 · Grants $1,311,812 · Revenue $1,910,944

As filed on the 2023 return.

Listed in Part VII

  • Jane Pavek

    PRESIDENT

    Total calculated
    $0
    Hours/week
    2

  • Tom Jacobson

    TREASURER

    Total calculated
    $0
    Hours/week
    2

  • Peggy Trenk

    SECRETARY

    Total calculated
    $0
    Hours/week
    2

  • Bruce Brensdal

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • George Nikolakakos

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Tori Matejovsky

    VICE PRESIDENT

    Total calculated
    $0
    Hours/week
    2

  • Michael O'Neil

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Jim Morton

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Heather O'Loughlin

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Sarah Fitzgerald

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Ian Ullman

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Jeff Gatica

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Cheryl Cohen

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Mike Smith

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Hanna Warhank

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Maria Valandra

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Sara Savage

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Karissa Trujillo

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Damona Williams

    DIRECTOR OF FINANCE

    Total calculated
    $79,458
    From this org
    $75,674
    From related orgs
    $0
    Other
    $3,784
    Hours/week
    40

  • Kaia Peterson

    EXECUTIVE DIRECTOR

    Total calculated
    $132,479
    From this org
    $126,170
    From related orgs
    $0
    Other
    $6,309
    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

Provenance

Return type
form_990
Tax year
2023
Filed
19 March 2025
IRS schema version
2023v6.0
Source object
202510979349300536

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