Form 990 for tax year 2023
Filed by NORTHWEST MONTANA COMMUNITY LAND TRUST INC.
Totals
- Total revenue
- $536,223
- Total expenses
- $138,523
- Contributions and grants received
- $413,159
- Grants paid
- $0
- Program service revenue
- $14,363
- Investment income
- $0
- Other revenue
- $108,701
- Total assets, end of year
- $2,429,951
- Total liabilities, end of year
- $171,485
- Net assets or fund balances, end of year
- $2,258,466
- Program services expenses (Part IX)
- $24,078
- Management and general expenses
- $114,445
- Fundraising expenses
- $0
- Program service expenses (Part III)
- $24,078
Program services were 17.4% 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.
-
1f · All other contributions, gifts and grants
$413,159
-
2a · Program service revenue: PROGRAM CONTRACT REVENUE
total $14,363 · related or exempt $14,363
-
3 · Investment income
total $0
-
4 · Income from investment of tax-exempt bond proceeds
total $0
-
5 · Royalties
total $0
-
6d · Net rental income or loss
total $0
-
7d · Net gain or loss
total $0
-
8c · Net income from fundraising events
total $0
-
9c · Net income from gaming
total $0
-
10a · Gross sales of inventory
$118,613
-
10b · Cost of goods sold
$9,912
-
10c · Net income from sales of inventory
total $108,701 · related or exempt $108,701
-
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 $42,046 · management and general $42,046
-
6 · Compensation of disqualified persons
total $0
-
7 · Other salaries and wages
total $34,000 · management and general $34,000
-
8 · Pension plan contributions
total $0
-
9 · Other employee benefits
total $0
-
10 · Payroll taxes
total $3,484 · management and general $3,484
-
11a · Fees: management
total $0
-
11b · Fees: legal
total $0
-
11c · Fees: accounting
total $5,310 · management and general $5,310
-
11d · Fees: lobbying
total $0
-
11e · Fees: professional fundraising services
total $0
-
11f · Fees: investment management
total $0
-
11g · Fees: other
total $6,525 · management and general $6,525
-
12 · Advertising and promotion
total $2,547 · management and general $2,547
-
13 · Office expenses
total $4,378 · management and general $4,378
-
14 · Information technology
total $0
-
15 · Royalties
total $0
-
16 · Occupancy
total $0
-
17 · Travel
total $7,527 · management and general $7,527
-
18 · Travel or entertainment for public officials
total $0
-
19 · Conferences, conventions and meetings
total $0
-
20 · Interest
total $0
-
21 · Payments to affiliates
total $0
-
22 · Depreciation, depletion and amortization
total $0
-
23 · Insurance
total $3,659 · management and general $3,659
-
24a · Other expenses: OTHER PROGRAM RELATED
total $24,611 · program services $24,078 · management and general $533
-
24b · Other expenses: Dues & Subscriptions
total $4,436 · management and general $4,436
-
24e · All other expenses
total $0
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $142,579 · end of year $58,727
-
2 · Savings and temporary cash investments
end of year $0
-
3 · Pledges and grants receivable
end of year $0
-
4 · Accounts receivable
beginning of year $381 · end of year $90,661
-
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 $5,651 · end of year $4,402
-
10a · Land, buildings and equipment: cost or other basis
$2,276,161
-
10c · Land, buildings and equipment, net
beginning of year $1,738,000 · end of year $2,276,161
-
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 $0
-
15 · Other assets
end of year $0
-
17 · Accounts payable and accrued expenses
beginning of year $21,164 · end of year $4,811
-
19 · Deferred revenue
beginning of year $4,681 · end of year $4,674
-
23 · Secured mortgages and notes payable
end of year $162,000
-
27 · Net assets without donor restrictions
beginning of year $1,860,766 · end of year $2,258,466
Mission and programs · 2023
Mission
PROVIDE PERMANENTLY AFFORDABLE HOMEOWNERSHIP OPPORTUNITIES FOR LOW- AND MODERATE-INCOME FAMILIES IN THE FLATHEAD VALLEY.
-
PROVIDE OPPORTUNITIES FOR LOW AND MODERATE INCOME RESIDENTS OF NORTHWEST MONTANA TO SECURE DECENT AND AFFORDABLE HOUSING THAT IS KEPT AFFORDABLE ON A LONG-TERM BASIS.
Expenses $24,078 · Revenue $14,363
As filed on the 2023 return.
Listed in Part VII
-
Kim MorisakiKIM MORISAKI
Executive Dir.
- Total calculated
- $45,810
- From this org
- $36,437
- From related orgs
- $0
- Other
- $9,373
- Hours/week
- 40
-
Mitchell McKinleyMITCHELL MCKINLEY
President
- Total calculated
- $0
- Hours/week
- 0
-
Sharry DevallSHARRY DEVALL
Board Member
- Total calculated
- $0
- Hours/week
- 0
-
Erica WirtalaERICA WIRTALA
Secretary
- Total calculated
- $0
- Hours/week
- 0
-
Chuck HubbardCHUCK HUBBARD
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 0
-
Destini ParkerDESTINI PARKER
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 0
-
Austin WillisAUSTIN WILLIS
Vice President
- Total calculated
- $0
- Hours/week
- 0
-
Kristin King-RiesKRISTIN KING-RIES
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 0
-
Mike SmithMIKE SMITH
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 0
-
Jarod NygrenJAROD NYGREN
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 0
-
Marney McClearyMARNEY MCCLEARY
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 0
-
Mike BrodieMIKE BRODIE
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 0
-
Perri BlaneyPERRI BLANEY
Treasurer
- Total calculated
- $0
- Hours/week
- 0
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.
Related organizations on this return
Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.
-
501(C)(3) · HOUSING · MT
Directly controlled by NA
Provenance
- Return type
- form_990
- Tax year
- 2023
- Filed
- 29 April 2024
- IRS schema version
- 2023v5.0
- Source object
- 202421209349300877
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