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Nonprofiteer
← HRDC GRIFFIN PLACE HOLDING CORPORATION

Form 990 for tax year 2024

Filed by HRDC GRIFFIN PLACE HOLDING CORPORATION.

Totals

Total revenue
$1
Total expenses
$1,021,410
Contributions and grants received
$1
Grants paid
$0
Program service revenue
$0
Investment income
$0
Other revenue
$0
Total assets, end of year
$33,214,323
Total liabilities, end of year
$32,131,722
Net assets or fund balances, end of year
$1,082,601
Program services expenses (Part IX)
$1,020,860
Management and general expenses
$550
Fundraising expenses
$0
Program service expenses (Part III)
$1,020,860

Program services were 99.9% 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

    $1

  • 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

  • 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 $0

  • 6 · Compensation of disqualified persons

    total $0

  • 7 · Other salaries and wages

    total $0

  • 8 · Pension plan contributions

    total $0

  • 9 · Other employee benefits

    total $0

  • 10 · Payroll taxes

    total $0

  • 11a · Fees: management

    total $0

  • 11b · Fees: legal

    total $0

  • 11c · Fees: accounting

    total $550 · management and general $550

  • 11d · Fees: lobbying

    total $0

  • 11e · Fees: professional fundraising services

    total $0

  • 11f · Fees: investment management

    total $0

  • 11g · Fees: other

    total $170,101 · program services $170,101

  • 12 · Advertising and promotion

    total $0

  • 13 · Office expenses

    total $0

  • 14 · Information technology

    total $0

  • 15 · Royalties

    total $0

  • 16 · Occupancy

    total $20,008 · program services $20,008

  • 17 · Travel

    total $0

  • 18 · Travel or entertainment for public officials

    total $0

  • 19 · Conferences, conventions and meetings

    total $0

  • 20 · Interest

    total $282,511 · program services $282,511

  • 21 · Payments to affiliates

    total $0

  • 22 · Depreciation, depletion and amortization

    total $548,240 · program services $548,240

  • 23 · Insurance

    total $0

  • 24e · All other expenses

    total $0

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $11,336,645 · end of year $49,564

  • 2 · Savings and temporary cash investments

    end of year $0

  • 3 · Pledges and grants receivable

    end of year $0

  • 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

    end of year $0

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

    $17,947,195

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

    $822,360

  • 10c · Land, buildings and equipment, net

    beginning of year $17,673,075 · end of year $17,124,835

  • 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

    beginning of year $5,061,267 · end of year $16,039,924

  • 17 · Accounts payable and accrued expenses

    beginning of year $789,300 · end of year $267,471

  • 25 · Other liabilities

    beginning of year $31,405,677 · end of year $31,864,251

  • 27 · Net assets without donor restrictions

    beginning of year $1,876,010 · end of year $1,082,601

Mission and programs · 2024

Mission

THE CORPORATION IS INTENDED TO BE ORGANIZED AND OPERATED AT ALL TIMES EXCLUSIVELY FOR THE BENEFIT OF, TO PERFORM THE FUNCTIONS OF, AND/OR TO CARRY OUT THE PURPOSES OF HUMAN RESOURCE DEVELOPMENT COUNCIL OF DISTRICT IX, INC. ("HRDC"), A MONTANA NONPROFIT CORPORATION THAT IS AN ORGANIZATION DESCRIBED IN SECTION 501(C)(3) AND SECTION 509(A)(1) OF THE INTERNAL REVENUE CODE OF 1986, AS AMENDED, INCLUDING BUT NOT LIMITED TO: (1) ISOLATING CERTAIN REAL ESTATE ACTIVITIES AND LIABILITIES FROM HRDC'S OVERALL CHARITABLE ACTIVITIES AND ASSETS, AND (2) SEPARATING CERTAIN FINANCING AND FUNDRAISING CONSIDERATIONS FROM HRDC'S GENERAL OPERATIONS AS A COMMUNITY DEVELOPMENT AND HUMAN SERVICES NONPROFIT.

Activities or mission (Part I)

THE PRIMARY PURPOSE IS TO FURTHER HRDC'S OVERALL CHARITABLE MISSION RELATED TO A COMMUNITY DEVELOPMENT AND HUMAN SERVICES DEVELOPMENT ON GRIFFIN DRIVE IN BOZEMAN, MT.

  • GRIFFIN PLACE HOLDING CORP HAS SECURED FUNDRAISING THROUGH A VARIETY OF MEANS, INCLUDING CLOSING ON A NEW MARKET TAX CREDITS FINANCING PACKAGE TO SUPPORT FUNDING A DEVELOPMENT PROJECT PROJECT ON GRIFFIN DRIVE THAT SUPPORTS HRDC'S PROGRAMMING AND HAD CONTINUED TO FUND THE ONGOING CONSTRUCTION AT THAT SITE.

    Expenses $1,020,860

As filed on the 2024 return.

Listed in Part VII

  • HEATHER GRENIER

    President

    Total calculated
    $160,576
    From this org
    $0
    From related orgs
    $147,558
    Other
    $13,018
    Hours/week
    1 + 47 related

    Schedule J breakdown matched by us

    Base
    not reported + $147,558 related
    Bonus
    not reported
    Other
    not reported
    Deferred
    not reported
    Nontaxable benefits
    not reported + $13,018 related
    Filer's total
    not reported + $160,576 related

  • MARK WOODARD

    Treasurer

    Total calculated
    $149,239
    From this org
    $0
    From related orgs
    $138,748
    Other
    $10,491
    Hours/week
    1 + 41 related

  • TRACY MENUEZ

    Secretary

    Total calculated
    $0
    Hours/week
    1 + 40 related

  • JIM DRUMMOND

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • SUSIE RIGGS

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

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

None.

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.

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.

Provenance

Return type
form_990
Tax year
2024
Filed
24 February 2026
IRS schema version
2024v5.2
Source object
202620559349301747

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