Summit Apartments Inc
- Assets
- $323.0k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Bozeman, MT
- Founding
- 06/2003
- Data as of
- 06/2023
- EIN
- 81-0542899
Organization Overview
Summit Apartments Inc is located in Bozeman, MT. The organization was established in 2003. According to its NTEE Classification (L21) the organization is classified as: Low-Income & Subsidized Rental Housing, 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. Summit Apartments 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 06/2023, Summit Apartments Inc generated $61.8k in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 0.1% each year. All expenses for the organization totaled $114.7k during the year ending 06/2023. While expenses have increased by 6.1% 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.
Form
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2023
Describe the Organization's Program Activity:
Part 3
SUMMIT PLACE APARTMENTS-PROVIDE LOW-INCOME HOUSING UPONTHE TRANSFER OF PHYSICAL ASSETS FROM THE DEPARTMENT OFHOUSING AND URBAN DEVELOPMENT.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Heather Grenier President | 0 | $0 | |
Mark Woodard Treasurer | 0 | $0 | |
Sara Savage Member | 0 | $0 | |
Tracy Menuez Member | 0 | $0 | |
Thomas Lee Member | 0 | $0 | |
Ellen Downey Member | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $61,596 |
| Membership dues | $0 |
| Investment income | $188 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $61,784 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $10,225 |
| Professional fees and other payments to independent contractors | $7,794 |
| Occupancy, rent, utilities, and maintenance | $16,907 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $79,810 |
| Total expenses | $114,736 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $95,307 |
| Other assets | $0 |
| Total assets | $322,988 |
| Total liabilities | $445,092 |
| Net assets or fund balances | -$122,104 |