Totals
- Total revenue
- $819,820
- Total expenses
- $570,987
- Contributions and grants received
- $0
- Grants paid
- $0
- Program service revenue
- $795,872
- Investment income
- $23,948
- Other revenue
- $0
- Total assets, end of year
- $1,956,583
- Total liabilities, end of year
- $57,793
- Net assets or fund balances, end of year
- $1,898,790
- Program services expenses (Part IX)
- $473,064
- Management and general expenses
- $97,923
- Fundraising expenses
- $0
- Program service expenses (Part III)
- $473,064
Program services were 82.9% 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.
-
2a · Program service revenue: RENT REVENUE
total $773,751 · related or exempt $773,751
-
2b · Program service revenue: CABLE TV INCOME
total $9,716 · related or exempt $9,716
-
2c · Program service revenue: LAUNDRY AND VENDING
total $7,381 · related or exempt $7,381
-
2d · Program service revenue: OTHER TENANT CHARGES
total $5,024 · related or exempt $5,024
-
3 · Investment income
total $23,948 · excluded $23,948
Functional expenses
Part IX, the statement of functional expenses.
-
5 · Compensation of officers, directors and key employees
total $95,799 · program services $71,849 · management and general $23,950
-
7 · Other salaries and wages
total $145,767 · program services $121,603 · management and general $24,164
-
9 · Other employee benefits
total $14,149 · program services $12,030 · management and general $2,119
-
10 · Payroll taxes
total $20,936 · program services $16,823 · management and general $4,113
-
11b · Fees: legal
total $3,853 · program services $3,853
-
11c · Fees: accounting
total $12,504 · management and general $12,504
-
13 · Office expenses
total $17,098 · management and general $17,098
-
17 · Travel
total $3,469 · management and general $3,469
-
22 · Depreciation, depletion and amortization
total $78,052 · program services $78,052
-
23 · Insurance
total $29,126 · program services $24,350 · management and general $4,776
-
24a · Other expenses: OPERATING AND MAINTENAN
total $76,287 · program services $76,287
-
24b · Other expenses: UTILITIES
total $68,217 · program services $68,217
-
24c · Other expenses: MISC ADMINISTRATIVE
total $5,176 · management and general $5,176
-
24d · Other expenses: REAL ESTATE TAXES
total $554 · management and general $554
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $146,951 · end of year $55,121
-
2 · Savings and temporary cash investments
beginning of year $781,836 · end of year $861,687
-
4 · Accounts receivable
beginning of year $3,151 · end of year $1,365
-
9 · Prepaid expenses and deferred charges
beginning of year $123,400 · end of year $3,734
-
10a · Land, buildings and equipment: cost or other basis
$3,258,453
-
10b · Land, buildings and equipment: accumulated depreciation
$2,257,296
-
10c · Land, buildings and equipment, net
beginning of year $640,040 · end of year $1,001,157
-
15 · Other assets
beginning of year $33,539 · end of year $33,519
-
17 · Accounts payable and accrued expenses
beginning of year $54,714 · end of year $32,545
-
19 · Deferred revenue
beginning of year $1,229 · end of year $1,596
-
25 · Other liabilities
beginning of year $23,017 · end of year $23,652
-
27 · Net assets without donor restrictions
beginning of year $1,649,957 · end of year $1,898,790
Mission and programs · 2024
Mission
PROVIDES 60 UNITS OF LOW INCOME HOUSING TO THE ELDERLY AND HANDICAPPED
-
PROVIDES 60 UNITS OF LOW INCOME HOUSING TO THE ELDERLY AND THE HANDICAPPED IN BOZEMAN, MONTANA. REVENUES REPORTED ABOVE CONSIST OF TENANT ASSISTANCE PAYMENTS, RENT COLLECTIONS, LAUNDRY AND VENDING INCOME, AND OTHER MISCELLANEOUS TENANT CHARGES.
Expenses $473,064 · Revenue $795,872
As filed on the 2024 return.
Listed in Part VII
-
James MarchwickJAMES MARCHWICK
PRESIDENT
- Total calculated
- $0
- Hours/week
- 1
-
Emil ErhardtEMIL ERHARDT
TREASURER
- Total calculated
- $0
- Hours/week
- 1
-
James HoweJAMES HOWE
SECRETARY
- Total calculated
- $0
- Hours/week
- 1
-
Bruce GerlachBRUCE GERLACH
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Janet ArgrewJANET ARGREW
EXECUTIVE DIRECTOR
- Total calculated
- $95,798
- From this org
- $83,468
- From related orgs
- $0
- Other
- $12,330
- 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
No itemized grants to organizations on this return.
Provenance
- Return type
- form_990
- Tax year
- 2024
- Filed
- 12 December 2025
- IRS schema version
- 2024v5.2
- Source object
- 202630149349301438
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