Frontier Communities Inc
- Assets
- $973.7k
- Revenue
- $631.1k
- Investments
- $0.0
- Employees
- 0
- Location
- Billings, MT
- Founding
- 06/1994
- Data as of
- 12/2023
- EIN
- 81-0451626
Organization Overview
Frontier Communities Inc is located in Billings, MT. The organization was established in 1994. According to its NTEE Classification (L22) the organization is classified as: Senior Citizens Housing & Retirement Communities, under the broad grouping of Housing & Shelter and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Frontier Communities Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2023, Frontier Communities Inc generated $631.1k in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 3.0% each year. All expenses for the organization totaled $503.2k during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE AFFORDABLE AND SAFE HOUSING TO LOW/MODERATE INCOME EARNERS IN THE COMMUNITIES IN WHICH WE SERVE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO PROVIDE AFFORDABLE AND SAFE HOUSING TO LOW/MODERATE INCOME EARNERS IN THE COMMUNITIES IN WHICH WE SERVE. 72 UNITS WITHIN THE COMPLEX ARE AVAILABLE AT RATES APPROXIMATELY 72% OF MARKET RATE. 7% VACANCIES DUE TO TURNOVER AND PROPERTY REPLACEMENT/RENOVATION.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Dr Tony Clark Director | Trustee | 1 | $0 |
Diane Welhaven Secretary | OfficerTrustee | 1 | $0 |
Trudi Downer Director | Trustee | 1 | $0 |
Don Ragland Vice President | OfficerTrustee | 1 | $0 |
Robert Beary Director | Trustee | 1 | $0 |
Robert Fife President | OfficerTrustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $265,236 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $265,236 |
| Total Program Service Revenue | $365,499 |
| Investment income | $355 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $631,090 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $72,955 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $4,198 |
| Payroll taxes | $6,146 |
| Fees for services: Management | $64,622 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $7,218 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $684 |
| Office expenses | $23,257 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $119,033 |
| Travel | $4,153 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $561 |
| Interest | $97,801 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $22,187 |
| Insurance | $27,052 |
| All other expenses | $5,003 |
| Total functional expenses | $503,200 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $101,434 |
| Savings and temporary cash investments | $120,931 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $17,099 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $6,498 |
| Net Land, buildings, and equipment | $658,540 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $69,233 |
| Total assets | $973,735 |
| Accounts payable and accrued expenses | $25,137 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $1,266,119 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $52,151 |
| Total liabilities | $1,343,407 |
| Net assets without donor restrictions | -$369,672 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $973,735 |