Form 990 for tax year 2024
Filed by MONTANA HOMEOWNERSHIP NETWORK INC.
Totals
- Total revenue
- $13,059,819
- Total expenses
- $4,643,207
- Contributions and grants received
- $10,930,481
- Grants paid
- $1,535,275
- Program service revenue
- $1,781,768
- Investment income
- $347,570
- Other revenue
- $0
- Total assets, end of year
- $90,049,103
- Total liabilities, end of year
- $49,037,796
- Net assets or fund balances, end of year
- $41,011,307
- Program services expenses (Part IX)
- $4,009,595
- Management and general expenses
- $375,786
- Fundraising expenses
- $257,826
- Program service expenses (Part III)
- $4,009,595
Program services were 86.4% 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.
-
1e · Government grants (contributions)
$4,978,200
-
1f · All other contributions, gifts and grants
$5,952,281
-
1g · Noncash contributions included above
$5,083,658
-
2a · Program service revenue: INTEREST ON LOANS
total $996,514 · related or exempt $996,514
-
2b · Program service revenue: CONTRACT REVENUE
total $436,125 · related or exempt $436,125
-
2c · Program service revenue: CONFERENCE REVENUE
total $171,309 · related or exempt $171,309
-
2d · Program service revenue: LOAN FEES
total $150,631 · related or exempt $150,631
-
2f · All other program service revenue
total $27,189 · related or exempt $27,189
-
3 · Investment income
total $342,080 · excluded $342,080
-
7a · Gross sales of assets other than inventory
securities $250,117
-
7b · Less cost or other basis and sales expenses
securities $244,627
-
7c · Gain or loss
securities $5,490
-
7d · Net gain or loss
total $5,490 · excluded $5,490
Functional expenses
Part IX, the statement of functional expenses.
-
1 · Grants to domestic organizations and governments
total $1,535,275 · program services $1,535,275
-
5 · Compensation of officers, directors and key employees
total $244,619 · program services $180,936 · management and general $42,374 · fundraising $21,309
-
7 · Other salaries and wages
total $1,123,359 · program services $830,907 · management and general $194,595 · fundraising $97,857
-
8 · Pension plan contributions
total $40,333 · program services $29,833 · management and general $6,987 · fundraising $3,513
-
9 · Other employee benefits
total $259,052 · program services $191,612 · management and general $44,874 · fundraising $22,566
-
10 · Payroll taxes
total $105,955 · program services $78,371 · management and general $18,354 · fundraising $9,230
-
11b · Fees: legal
total $8,450 · program services $8,089 · management and general $361
-
11c · Fees: accounting
total $26,000 · program services $24,400 · management and general $1,600
-
11e · Fees: professional fundraising services
total $67,917 · fundraising $67,917
-
11g · Fees: other
total $116,449 · program services $114,125 · management and general $1,724 · fundraising $600
-
12 · Advertising and promotion
total $29,421 · program services $21,656 · management and general $945 · fundraising $6,820
-
13 · Office expenses
total $42,028 · program services $33,609 · management and general $4,995 · fundraising $3,424
-
14 · Information technology
total $96,888 · program services $85,005 · management and general $7,426 · fundraising $4,457
-
16 · Occupancy
total $41,933 · program services $25,902 · management and general $10,367 · fundraising $5,664
-
17 · Travel
total $57,249 · program services $47,306 · management and general $6,614 · fundraising $3,329
-
19 · Conferences, conventions and meetings
total $108,788 · program services $102,884 · management and general $5,739 · fundraising $165
-
20 · Interest
total $355,532 · program services $355,532
-
22 · Depreciation, depletion and amortization
total $11,070 · program services $2,791 · management and general $3,977 · fundraising $4,302
-
23 · Insurance
total $21,097 · program services $12,250 · management and general $8,023 · fundraising $824
-
24a · Other expenses: BAD DEBT EXPENSE
total $206,752 · program services $206,752
-
24b · Other expenses: TRAINING
total $63,787 · program services $57,354 · management and general $5,836 · fundraising $597
-
24c · Other expenses: DUES & SUBSCRIPTIONS
total $51,879 · program services $37,874 · management and general $8,787 · fundraising $5,218
-
24d · Other expenses: LOAN PROCESSING
total $25,268 · program services $25,268
-
24e · All other expenses
total $4,106 · program services $1,864 · management and general $2,208 · fundraising $34
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $6,272,625 · end of year $42,330,594
-
2 · Savings and temporary cash investments
beginning of year $280,711 · end of year $281,865
-
3 · Pledges and grants receivable
beginning of year $273,268 · end of year $0
-
4 · Accounts receivable
beginning of year $259,660 · end of year $297,751
-
7 · Other notes and loans receivable
beginning of year $42,037,819 · end of year $46,777,376
-
8 · Inventories for sale or use
beginning of year $124,837 · end of year $68,240
-
9 · Prepaid expenses and deferred charges
beginning of year $20,617 · end of year $27,101
-
10a · Land, buildings and equipment: cost or other basis
$253,127
-
10b · Land, buildings and equipment: accumulated depreciation
$166,607
-
10c · Land, buildings and equipment, net
beginning of year $99,644 · end of year $86,520
-
12 · Investments: other securities
beginning of year $429,773 · end of year $179,656
-
17 · Accounts payable and accrued expenses
beginning of year $653,387 · end of year $442,150
-
19 · Deferred revenue
beginning of year $477,876 · end of year $28,612,651
-
23 · Secured mortgages and notes payable
beginning of year $12,856,207 · end of year $17,206,207
-
25 · Other liabilities
beginning of year $3,216,789 · end of year $2,776,788
-
27 · Net assets without donor restrictions
beginning of year $13,765,249 · end of year $20,096,992
-
28 · Net assets with donor restrictions
beginning of year $18,829,446 · end of year $20,914,315
Mission and programs · 2024
Mission
CREATE SUSTAINABLE HOMEOWNERSHIP OPPORTUNITIES AND IMPROVE THE AVAILABILITY OF AFFORDABLE RENTALS.
Activities or mission (Part I)
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.
-
IN FISCAL YEAR 2025, NEIGHBORWORKS MONTANA PRESERVED THE AFFORDABILITY OF 370 HOMES, CREATED 72 HOMEOWNERS THROUGH EDUCATION AND DOWN PAYMENT ASSISTANCE AND GRADUATED 1,236 MONTANANS FROM HOMEBUYERS' EDUCATION.
Expenses $4,009,595 · Grants $1,535,275 · Revenue $1,781,768
As filed on the 2024 return.
Listed in Part VII
-
Jane PavekJANE PAVEK
PRESIDENT
- Total calculated
- $0
- Hours/week
- 2
-
Tori MatejovskyTORI MATEJOVSKY
VICE PRESIDENT
- Total calculated
- $0
- Hours/week
- 2
-
Tom JacobsonTOM JACOBSON
TREASURER
- Total calculated
- $0
- Hours/week
- 2
-
Sara SavageSARA SAVAGE
SECRETARY
- Total calculated
- $0
- Hours/week
- 2
-
Bruce BrensdalBRUCE BRENSDAL
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Cheryl CohenCHERYL COHEN
DIRECTOR (THRU 11/24)
- Total calculated
- $0
- Hours/week
- 2
-
Sara FitzgeraldSARA FITZGERALD
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Jeff GaticaJEFF GATICA
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Jim MortonJIM MORTON
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
George NikolakakosGEORGE NIKOLAKAKOS
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Heather O'LoughlinHEATHER O'LOUGHLIN
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Michael O'NeilMICHAEL O'NEIL
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Mike SmithMIKE SMITH
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Peggy TrenkPEGGY TRENK
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Karissa TrujilloKARISSA TRUJILLO
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Ian UllmanIAN ULLMAN
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Maria ValandraMARIA VALANDRA
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Hanna WarhankHANNA WARHANK
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Damona WilliamsDAMONA WILLIAMS
CHIEF FINANCIAL OFFICER
- Total calculated
- $102,547
- From this org
- $93,914
- From related orgs
- $0
- Other
- $8,633
- Hours/week
- 40
-
Kaia PetersonKAIA PETERSON
EXECUTIVE DIRECTOR
- Total calculated
- $142,072
- From this org
- $133,050
- From related orgs
- $0
- Other
- $9,022
- 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
-
GENERAL HOUSING COUNSELING
-
$321,199
GENERAL HOUSING COUNSELING
-
$257,899
GENERAL HOUSING COUNSELING
-
GENERAL HOUSING COUNSELING
-
GENERAL HOUSING COUNSELING
-
ROCKY MOUNTAIN DEVELOPMENT CORP
$111,854
GENERAL HOUSING COUNSELING
-
GENERAL HOUSING COUNSELING
-
GENERAL HOUSING COUNSELING
-
DISTRICT 6 HUMAN RESOURCE DEVELOPMENT
$52,640
GENERAL HOUSING COUNSELING
-
$51,115
GENERAL HOUSING COUNSELING
The 10 largest by cash amount. The API serves every itemized grant.
Provenance
- Return type
- form_990
- Tax year
- 2024
- Filed
- 26 March 2026
- IRS schema version
- 2024v5.5
- Source object
- 202630859349300743
Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.
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