Form 990 for tax year 2023
Filed by BIG SKY COMMUNITY HOUSING TRUST.
Totals
- Total revenue
- $2,475,554
- Total expenses
- $1,219,926
- Contributions and grants received
- $2,221,445
- Grants paid
- $0
- Program service revenue
- $224,142
- Investment income
- $29,967
- Other revenue
- $0
- Total assets, end of year
- $6,786,971
- Total liabilities, end of year
- $144,682
- Net assets or fund balances, end of year
- $6,642,289
- Program services expenses (Part IX)
- $996,846
- Management and general expenses
- $184,960
- Fundraising expenses
- $38,120
- Program service expenses (Part III)
- $996,846
Program services were 81.7% 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)
$1,103,289
-
1f · All other contributions, gifts and grants
$1,118,156
-
2a · Program service revenue: MANAGEMENT SERVICES
total $15,600 · related or exempt $15,600
-
2b · Program service revenue: PROPERTY MANAGEMENT
total $208,542 · related or exempt $208,542
-
3 · Investment income
total $29,967 · excluded $29,967
-
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 $124,500 · program services $62,593 · management and general $45,208 · fundraising $16,699
-
6 · Compensation of disqualified persons
total $0
-
7 · Other salaries and wages
total $104,457 · program services $51,032 · management and general $39,870 · fundraising $13,555
-
8 · Pension plan contributions
total $0
-
9 · Other employee benefits
total $11,389 · program services $3,690 · management and general $6,730 · fundraising $969
-
10 · Payroll taxes
total $18,834 · program services $10,198 · management and general $6,347 · fundraising $2,289
-
11a · Fees: management
total $0
-
11b · Fees: legal
total $0
-
11c · Fees: accounting
total $0
-
11d · Fees: lobbying
total $0
-
11e · Fees: professional fundraising services
total $0
-
11f · Fees: investment management
total $0
-
11g · Fees: other
total $59,594 · program services $2,730 · management and general $56,864
-
12 · Advertising and promotion
total $3,546 · management and general $3,446 · fundraising $100
-
13 · Office expenses
total $0
-
14 · Information technology
total $8,380 · program services $150 · management and general $8,230
-
15 · Royalties
total $0
-
16 · Occupancy
total $4,848 · management and general $4,848
-
17 · Travel
total $1,549 · management and general $1,549
-
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 $7,380 · management and general $7,380
-
24a · Other expenses: RENT LOCAL PROGRAM EXPENSES
total $538,943 · program services $538,943
-
24b · Other expenses: DEED RESTRICTION PURCHASE
total $165,000 · program services $165,000
-
24c · Other expenses: Property Management Expenses
total $146,194 · program services $146,194
-
24d · Other expenses: MEADOWVIEW EXPENSES
total $13,067 · program services $13,067
-
24e · All other expenses
total $12,245 · program services $3,249 · management and general $4,488 · fundraising $4,508
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $608,167 · end of year $914,693
-
2 · Savings and temporary cash investments
end of year $0
-
3 · Pledges and grants receivable
beginning of year $31,887 · end of year $98,276
-
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
beginning of year $849,750 · end of year $2,379,150
-
8 · Inventories for sale or use
end of year $0
-
9 · Prepaid expenses and deferred charges
beginning of year $54,901 · end of year $74,823
-
10a · Land, buildings and equipment: cost or other basis
$3,301,994
-
10c · Land, buildings and equipment, net
beginning of year $3,301,994 · end of year $3,301,994
-
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 $516,659 · end of year $18,035
-
17 · Accounts payable and accrued expenses
beginning of year $13,590 · end of year $18,253
-
25 · Other liabilities
beginning of year $46,791 · end of year $126,429
-
27 · Net assets without donor restrictions
beginning of year $4,370,345 · end of year $5,435,630
-
28 · Net assets with donor restrictions
beginning of year $932,632 · end of year $1,206,659
Mission and programs · 2023
Mission
THE MISSION OF BSCHT IS TO ENHANCE THE AVAILABILITY OF HOUSING TO SUPPORT THE LOCAL WORKFORCE AND ECONOMY. BSCHT HELPED WITH CONSTRUCTION & HOA MANAGEMENT OF MEADOWVIEW, A DEED RESTRICTED CONDOMINIUM DEVELOPMENT FOR LOCAL WORKERS. WE PROVIDED DOWN PAYMENT ASSISTANCE LOANS. BSCHT ALSO WORKS TO INCREASE AFFORDABLE RENTAL OPPORTUNITIES FOR THE COMMUNITY'S WORKFORCE, INCREASE SUPPLY, PROVIDE MINOR PROPERTY MANAGEMENT SUPPORT, AND EDUCATE THE COMMUNITY REGARDING RENTAL OPTIONS.
Activities or mission (Part I)
CREATE AFFORDABLE HOUSING UNITS FOR LOCAL WORKFORCE.
-
THE RENT LOCAL PROGRAM offers cash incentives to property owners in exchange for removing their property from the short-term vacation rental pool and making it available for long-term residential lease to the local workforce. A maximum rent cap, verification of qualified resident, and minimum one-year lease is required by the program. The maximum incentive a property owner may receive is two years. As of December 2022, the program has enlisted 84 properties to house 193 local workforce tenants.
Expenses $619,891 · Revenue $18,750
-
THE GOOD DEEDS PROGRAM seeks to preserve local workforce access to existing residential inventory by purchasing deed restrictions from homebuyers or homeowners. The deed restriction requires workforce occupancy and prohibits use of the property for short-term rental in perpetuity. Homebuyers generally utilize the funds for down payment assistance and closing costs. As of December 2023, eight deed restrictions have been purchased under the program.
Expenses $204,040
-
Triple Creek Development makes two 3-bedroom single family homes available to the Housing Trust at a minimal cost, for long-term lease to income-qualified (140% AMI) local work force, with rent set at 30% of tenants household income. Net proceeds from the rentals are donated unrestricted to the Housing Trust.
Expenses $153,094 · Revenue $176,051
As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here.
Listed in Part VII
-
David O'ConnorDAVID O'CONNOR
Executive Dir.
- Total calculated
- $124,500
- From this org
- $118,500
- From related orgs
- $0
- Other
- $6,000
- Hours/week
- 40
-
Michelle FrederickMICHELLE FREDERICK
Director
- Total calculated
- $0
- Hours/week
- 0.5
-
David BrownDAVID BROWN
CHAIR
- Total calculated
- $0
- Hours/week
- 1
-
Shannon SearsSHANNON SEARS
Director
- Total calculated
- $0
- Hours/week
- 0.5
-
Rick SimkinsRICK SIMKINS
VICE CHAIR
- Total calculated
- $0
- Hours/week
- 1
-
Mia LennonMIA LENNON
Director
- Total calculated
- $0
- Hours/week
- 0.5
-
Kevin HinkleKEVIN HINKLE
Treasurer
- Total calculated
- $0
- Hours/week
- 1
-
Mark DeanMARK DEAN
Director
- Total calculated
- $0
- Hours/week
- 0.5
-
Kenny HoltzKENNY HOLTZ
Director
- Total calculated
- $0
- Hours/week
- 0.5
-
Stephen BrownSTEPHEN BROWN
Director
- Total calculated
- $0
- Hours/week
- 0.5
-
Elise ClarkELISE CLARK
Director
- Total calculated
- $0
- Hours/week
- 0.5
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.
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.
Disregarded entities
Part I: entities that legally are the filer and file no return of their own.
-
Holding land assets · MT · assets $2,000,000
Directly controlled by BIG SKY COMMUNITY HOUSING TRUST
-
Holding land assets · MT · assets $1,301,994
Directly controlled by BIG SKY COMMUNITY HOUSING TRUST
-
Administrative · MT · assets $100
Directly controlled by BIG SKY COMMUNITY HOUSING TRUST
Provenance
- Return type
- form_990
- Tax year
- 2023
- Filed
- 14 November 2024
- IRS schema version
- 2023v5.1
- Source object
- 202413199349316716
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