Richland Affordable Housing Corporation
- Assets
- $3.7m
- Revenue
- $713.1k
- Investments
- $648.8k
- Employees
- 0
- Location
- Sidney, MT
- Founding
- 10/1996
- Data as of
- 12/2022
- EIN
- 81-0509083
Organization Overview
Richland Affordable Housing Corporation is located in Sidney, MT. The organization was established in 1996. According to its NTEE Classification (L25) the organization is classified as: Housing Rehabilitation, 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. Richland Affordable Housing Corporation 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 12/2022, Richland Affordable Housing Corporation generated $713.1k in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 0.2% each year. All expenses for the organization totaled $773.1k during the year ending 12/2022. While expenses have increased by 0.7% per year over the past 8 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Chad Molden Chairman / Director | 0.5 | $0 | |
Kris Weltikol Vice Chairman / Director | 0.5 | $0 | |
Don Garsjo Director / Vice Chairman | 0.5 | $0 | |
Mark Martin Director | 0.5 | $0 | |
Dean Lang Director | 0.5 | $0 | |
Missy Smies Executive Director | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $378,060 |
| Interest on Savings | $964 |
| Dividends & Interest | $0 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$114 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $334,202 |
| Total Revenue | $713,112 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $0 |
| Depreciation | $139,908 |
| Occupancy | $339,830 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $6,129 |
| Other expenses | $245,090 |
| Total operating and administrative expenses | $773,098 |
| Contributions, gifts, grants paid | $0 |
| Total expenses and disbursements | $773,098 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $96 |
| Savings and temporary cash investments | $165,309 |
| Net Accounts receivable | $144,954 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $5,189 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $648,776 |
| Net Land, buildings, and equipment | $2,718,923 |
| Other assets | $61,517 |
| Total assets | $3,744,764 |
| Accounts payable and accrued expenses | $233,008 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $1,044,641 |
| Other liabilities | $19,189 |
| Total liabilities | $1,296,838 |