Montrose Way
- Assets
- $9.1k
- Revenue
- $52.1k
- Investments
- $0.0
- Employees
- 0
- Location
- Columbus, OH
- Founding
- 01/2020
- Data as of
- 12/2022
- EIN
- 84-4013854
Organization Overview
Montrose Way is located in Columbus, OH. The organization was established in 2020. According to its NTEE Classification (P99) the organization is classified as: Human Services N.E.C., under the broad grouping of Human Services and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Montrose Way 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, Montrose Way generated $52.1k in total revenue. All expenses for the organization totaled $102.0 during the year ending 12/2022. While expenses have increased by 0.7% per year over the past 4 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
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3 - Line 4a
COORDINATED WITH CENTRAL OHIO COMMUNITY LAND TRUST TO DISBURSE FUNDS ASSISTING IN HOME OWNERSHIP BELOW MARKET VALUE FOR ECONOMICALLY QUALIFYING OWNERS IN TWO TARGETED AREAS OF COLUMBUS.
ATTENDED PUBLIC GROUND BREAKING EVENT PROMOTING COCLT TO RAISE AWARENESS OF PUBLIC HOUSING NEEDS AND OPPORTUNITY TO APPLY FOR BELOW MARKET HOME PURCHASE. DISCUSSED OTHER FUTURE EFFORTS OUR FOUNDATION COULD ASSIST THE COCLT.
DISBURSED FUNDS TO BEREA COLLEGE TO ASSIST LOW INCOME STUDENT PURSUE COLLEGE DEGREES WITH NO STUDENT LOANS.
COMMUNICATED WITH COLUMBUS HIGH SCHOOLS AND SUPPORTIVE ORGANIZATIONS TO PROMOTE THE OPPORTUNITY FOR STUDENTS AT BEREA COLLEGE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Penny Winkle President | 2 | $0 | |
Charles Zalac Vice President | 1 | $0 | |
Laine Zalac Trustee | 0.25 | $0 | |
Aja Davis Trustee | 0.25 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $52,102 |
| Interest on Savings | $12 |
| Dividends & Interest | $0 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $52,114 |
| 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 | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $52 |
| Other expenses | $50 |
| Total operating and administrative expenses | $102 |
| Contributions, gifts, grants paid | $0 |
| Total expenses and disbursements | $102 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $9,089 |
| Net Accounts receivable | $0 |
| 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 | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $9,089 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
Grants Awarded
Over the last fiscal year, Montrose Way has awarded $0 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
BEREA COLLEGE PURPOSE: EDUCATION | $0 |
CENTRAL OHIO COMMUNITY LAND TRUST PURPOSE: BUILDS LOW INCOME HOUSING; DEVELOPS ECONOMICALLY MIXED NEIGHBORHOODS THROUGH HOME OWNERSHIP BELOW MARKET RATES FOR INCOME QUALIFIED OWNERS. | $0 |