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Nonprofiteer
← SHERMONT MANOR HOUSING CORPORATION

Form 990 for tax year 2022

Filed by SHERMONT MANOR HOUSING CORPORATION.

Totals

Total revenue
$214,753
Total expenses
$307,520
Contributions and grants received
$123,906
Grants paid
$0
Program service revenue
$90,215
Investment income
$307
Other revenue
$325
Total assets, end of year
$1,520,899
Total liabilities, end of year
$1,354,083
Net assets or fund balances, end of year
$166,816
Program services expenses (Part IX)
$307,520
Management and general expenses
$0
Fundraising expenses
$0
Program service expenses (Part III)
$307,520

Program services were 100.0% 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)

    $123,906

  • 2a · Program service revenue: TENANT RENTAL INCOME

    total $88,684 · related or exempt $88,684

  • 2b · Program service revenue: LAUNDRY/VENDING REVENU

    total $1,531 · related or exempt $1,531

  • 3 · Investment income

    total $307 · excluded $307

  • 11a · Other revenue: MISCELLANEOUS INCOME

    total $325 · related or exempt $325

  • 11e · Other revenue, total

    $325

Functional expenses

Part IX, the statement of functional expenses.

  • 7 · Other salaries and wages

    total $24,700 · program services $24,700

  • 9 · Other employee benefits

    total $7,168 · program services $7,168

  • 10 · Payroll taxes

    total $1,832 · program services $1,832

  • 11a · Fees: management

    total $46,195 · program services $46,195

  • 11b · Fees: legal

    total $4,207 · program services $4,207

  • 11c · Fees: accounting

    total $3,400 · program services $3,400

  • 12 · Advertising and promotion

    total $527 · program services $527

  • 13 · Office expenses

    total $1,073 · program services $1,073

  • 16 · Occupancy

    total $6,171 · program services $6,171

  • 20 · Interest

    total $17,070 · program services $17,070

  • 22 · Depreciation, depletion and amortization

    total $51,829 · program services $51,829

  • 23 · Insurance

    total $17,181 · program services $17,181

  • 24a · Other expenses: REPAIRS AND MAINTENANCE

    total $81,708 · program services $81,708

  • 24b · Other expenses: UTILITIES

    total $43,810 · program services $43,810

  • 24c · Other expenses: GRANT PAYMENT OVERAGES

    total $312 · program services $312

  • 24d · Other expenses: EQUIPMENT RENT

    total $298 · program services $298

  • 24e · All other expenses

    total $39 · program services $39

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $32,151 · end of year $24,610

  • 3 · Pledges and grants receivable

    beginning of year $7,914 · end of year $7,262

  • 4 · Accounts receivable

    beginning of year $30,157 · end of year $712

  • 9 · Prepaid expenses and deferred charges

    beginning of year $667 · end of year $1,676

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

    $2,048,666

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

    $657,833

  • 10c · Land, buildings and equipment, net

    beginning of year $1,424,952 · end of year $1,390,833

  • 15 · Other assets

    beginning of year $130,057 · end of year $95,806

  • 17 · Accounts payable and accrued expenses

    beginning of year $98,011 · end of year $119,253

  • 19 · Deferred revenue

    beginning of year $1,338 · end of year $769

  • 23 · Secured mortgages and notes payable

    beginning of year $1,170,490 · end of year $1,158,427

  • 25 · Other liabilities

    beginning of year $96,476 · end of year $75,634

  • 27 · Net assets without donor restrictions

    beginning of year $259,583 · end of year $166,816

Mission and programs · 2022

Mission

TO DEVELOP, MAINTAIN, AND OPERATE HOUSING FACILITIES FOR LOW-INCOME PEOPLE IN BUTTE-SILVER BOW, ANACONDA-DEER LODGE, POWELL, GRANITE, MADISON, AND BEAVERHEAD COUNTIES.

  • SUBSIDIZED HOUSING COMPLEXES FOR THE LOW-INCOME ELDERLY CITIZENS OF THE COMMUNITY OF SHERIDAN AND LOW INCOME CITIZENS OF ENNIS AND DEER LODGE, MONTANA.

    Expenses $307,520 · Revenue $90,540

As filed on the 2022 return.

Listed in Part VII

  • Jim Fay

    PRESIDENT

    Total calculated
    $0
    Hours/week
    0.3

  • Marilyn Ross

    VICE PRESIDENT

    Total calculated
    $0
    Hours/week
    0.3 + 0.3 related

  • Bob Henry

    SECRETARY/TREASURER

    Total calculated
    $0
    Hours/week
    0.3

  • Dodie Rennfield

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.3 + 0.3 related

  • Charity Fechter

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.3 + 0.3 related

  • Margie Seccomb

    CEO

    Total calculated
    $113,508
    From this org
    $0
    From related orgs
    $94,631
    Other
    $18,877
    Hours/week
    1 + 40 related

  • Don Foley

    CFO

    Total calculated
    $100,195
    From this org
    $0
    From related orgs
    $91,276
    Other
    $8,919
    Hours/week
    2 + 40 related

  • Kristen Chambers

    COO

    Total calculated
    $80,331
    From this org
    $0
    From related orgs
    $64,851
    Other
    $15,480
    Hours/week
    1 + 40 related

  • Connie Ternes-Daniels

    COO

    Total calculated
    $94,462
    From this org
    $0
    From related orgs
    $78,184
    Other
    $16,278
    Hours/week
    1 + 40 related

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.

  • ACTION INC

    501(C)(3) · PROVIDING SOLUTIONS TO ENDING POVERTY · MT

    Directly controlled by ACTION INC

  • CONTINENTAL GARDENS HOUSING CORPORATION

    501(C)(3) · LOW INCOME HOUSING · MT

    Directly controlled by ACTION INC

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.

Related corporations and trusts

Part IV: related organizations taxable as a corporation or trust.

  • HOME ENERGY SOLUTIONS INC

    C · LOW-INCOME WEATHERIZATION · MT

    Directly controlled by ACTION INC

Provenance

Return type
form_990
Tax year
2022
Filed
13 June 2024
IRS schema version
2022v5.0
Source object
202402259349301300

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