BIG SKY COMMUNITY HOUSING TRUST

As filed

Subsection

03

NTEE code

L20

Classification

1000

Street

PO BOX 160164

These codes are the IRS's own and are shown exactly as filed. What each one means is in the Business Master File documentation (opens in a new tab).

Mission and programs · 2024

• THE GOOD DEEDS PROGRAM seeks to preserve local workforce access to existingresidential 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 2024, sixteen deed restrictions have been purchased under the program.

  Expenses $1,262,238

• THE RENT LOCAL PROGRAM offers cash incentives to property owners in exchange forremoving 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 2024, the program has enlisted 137 properties to house 344 local workforce tenants.

  Expenses $577,064

• TRIPLE CREEK DEVELOPMENT makes two 3-bedroom single family homes available to theHousing 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 $96,620 · Revenue $118,454

• THE DOWN PAYMENT ASSISTANCE LOAN/MEADOWVIEW TOWNHOMES PROGRAM offers zero-interest loans to buyers of income-qualified (150% AMI), deed-restricted residences inthe Meadowview development for down payment and associated closing costs. All loansare repaid to BSCHT in full upon sale, to be used to facilitate purchases by subsequent buyers.The Meadowview development includes 52 1- and 2-bedroom deed-restricted,appreciation-capped townhomes for purchase by income qualified (150% AMI) localworkforce. BSCHT retains ownership of the underlying land as a community land trust and ensures homeowner qualification and permanent affordability via ground lease. Resales are managed by BSCHT. In 2024, eight Meadowview homes resold to other income-qualified buyers.

  Expenses $18,770 · Revenue $135,683

• THE RIVERVIEW APARTMENTS PROGRAM involves the development of two apartmentbuildings for a total of 25 1-, 2-, and 3-bedroom apartments. The development was primarily funded with the federal Low Income Housing Tax Credit (LIHTC) program and is operated under that programs rules. Apartments are available to income-qualified (60% AMI) families and individuals, with rental rates set at 30% of tenants household income. The buildings opened for occupancy in September of 2024.

  Expenses $12,921 · Revenue -$54

As filed on the 2024 return. The filer continues this part on Schedule O, which is not shown here.

Officers and directors · 2024

As listed in Part VII of the 2024 return, in the order the filer printed them. Each return names its own; this is not a roster the organization keeps with us.

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. Earlier years are each on their own filing page.

Filings

• 2024

  Revenue

  $4,011,488

  Expenses

  $2,195,472

  Contributions

  $3,706,636

  Grants paid

  $0

• 2023

  Revenue

  $2,475,554

  Expenses

  $1,219,926

  Contributions

  $2,221,445

  Grants paid

  $0

• 2022

  Revenue

  $5,878,436

  Expenses

  $1,532,447

  Contributions

  $5,748,391

  Grants paid

  $0

The four totals the IRS asks for on Part I of the Form 990, as filed. A dash means the figure was not present on the return — not that it was zero.

Other returns filed

• 2021 · 990

  Revenue

  $1,002,334

  Expenses

  $298,736

  Assets (EOY)

  $972,302

• 2021 · 990

  Revenue

  $1,010,210

  Expenses

  $682,888

  Assets (EOY)

  $553,869

• 2020 · 990

  Revenue

  $341,761

  Expenses

  $84,895

  Assets (EOY)

  $261,116

• 2020 · 990

  Revenue

  $329,010

  Expenses

  $124,894

  Assets (EOY)

  $225,241

Nonprofiteer parses Forms 990, 990-EZ and 990-PF, in a window of recent tax years. These returns are recorded from the IRS e-file index, so their figures were extracted by that index rather than read from the return here — treat them as a different source from the filings above, not as more of the same record. A dash means the index carries no figure; Form 990-T listings carry none at all.

Grants made

No itemized grants to organizations. Schedule I is filed only by organizations that granted more than $5,000 to a recipient, so most filers have none.

Grants received

• YELLOWSTONE CLUB COMMUNITY FOUNDATION

  $600,000

  2022 · DOWN PAYMENT ASSISTANCE

• YELLOWSTONE CLUB COMMUNITY FOUNDATION

  $500,000

  2023 · HOUSING CONSERVATION

• MOONLIGHT COMMUNITY FOUNDATION

  $115,000

  2023 · GOOD DEEDS AND RENT LOCAL INCENTIVE PROGRAM

• SPANISH PEAKS COMMUNITY FOUNDATION

  $100,000

  2025 · RENT LOCAL PROGRAM

• MOONLIGHT COMMUNITY FOUNDATION

  $95,000

  2022 · RENT LOCAL PROGAM AIMED AT CREATING MORE RENTAL OPPORTUNITIES FOR LOCAL WORKERS WHO RESIDE IN BIG SKY. RENT LOCAL INCENTIVE PROGRAM TO CREATE IMMEDIATE RENTAL INVENTORY BY PROVIDING CASH TO OWNERS WHO TURN THEIR VACANT HOME OR VACATION RENTAL INTO A HOME FOR LOCAL WORKERS.

• MOONLIGHT COMMUNITY FOUNDATION

  $85,000

  2024 · RENT LOCAL INCENTIVE PROGRAM

• MOONLIGHT COMMUNITY FOUNDATION

  $80,000

  2025 · RENT LOCAL INCENTIVE PROGRAM

• ONE VALLEY COMMUNITY FOUNDATION

  $12,500

  2024 · UNRESTRICTED DONATION

• FIDELITY INVESTMENTS CHARITABLE GIFT FUND

  $10,450

  2024 · For grant recipient's exempt purposes

• MONTANA COMMUNITY FOUNDATION INC

  $10,000

  2022 · GOOD DEEDS

The 10 largest by cash amount. The API serves every itemized grant.

Taxable family

From Schedule R Parts I, III and IV: entities that legally are the filer, and taxable partnerships, corporations and trusts it is related to. These record ownership and control, not shared board members or money.

Other IRS files