Headwaters Community Housing Trust
- Assets
- $13.3m
- Revenue
- $10.1m
- Investments
- $0.0
- Employees
- 0
- Location
- Bozeman, MT
- Founding
- Data as of
- 12/2021
- EIN
- 85-1374727
Organization Overview
Headwaters Community Housing Trust is located in Bozeman, MT. According to its NTEE Classification (L20) the organization is classified as: Housing Development, Construction & Management, 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. Headwaters Community Housing Trust 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 12/2021, Headwaters Community Housing Trust generated $10.1m in total revenue. All expenses for the organization totaled $191.5k during the year ending 12/2021. While expenses have increased by 140.4% per year over the past 2 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
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
FOCUSES TO INCREASE AND PRESERVE THE LOCAL SUPPLY OF PERMANENTLY AFFORDABLE HOUSING - INCLUDING FOR "MISSING MIDDLE-INCOME" HOUSEHOLDS IN BOZEMAN, MT.
Describe the Organization's Program Activity:
Part 3 - Line 4a
FOCUSES TO INCREASE AND PRESERVE THE LOCAL SUPPLY OF PERMANENTLY AFFORDABLE HOUSING INCLUDING FOR MISSING MIDDLE-INCOME HOUSEHOLDS IN BOZEMAN MT.
HCHT TAKES A COMMUNITY-BASED APPROACH TO ADDRESS AFFORDABLE HOUSING BY EMPOWERING INDIVIDUALS AND FAMILIES THROUGH HOMEOWNERSHIP.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Michael Brown Executive Director | Officer | 40 | $135,000 |
Carson Taylor President | Officer | 1 | $0 |
Andrea Kavert Secretary | Officer | 1 | $0 |
Christine Walker Vice President | Officer | 1 | $0 |
Randy Carpenter Treasurer | Officer | 1 | $0 |
Kelly Olinger Director | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Langlas & Associates Inc Construction | 12/30/21 | $6,593,568 |
Burlington Associates Project Management | 12/30/21 | $147,000 |
Stahly Engineering And Associates Engineering | 12/30/21 | $228,864 |
Berning Project Management Project Management | 12/30/21 | $192,967 |
Comma-q Architecture Architectural | 12/30/21 | $394,598 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $5,000,000 |
| Government grants | $75,000 |
| All other contributions, gifts, grants, and similar amounts not included above | $10,070,563 |
| Noncash contributions included in lines 1a–1f | $5,070,563 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $10,145,563 |
| Total Program Service Revenue | $0 |
| Investment income | $0 |
| 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 | $10,145,563 |
| 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 | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $4,750 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $182,132 |
| Advertising and promotion | $0 |
| Office expenses | $282 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $288 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $288 |
| Interest | $1,790 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $4,013 |
| All other expenses | $0 |
| Total functional expenses | $191,465 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $58,599 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| 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 | $0 |
| Net Land, buildings, and equipment | $13,267,459 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $13,326,058 |
| Accounts payable and accrued expenses | $0 |
| 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 | $3,350,042 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $3,350,042 |
| Net assets without donor restrictions | $0 |
| 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 | $9,976,016 |
| Total liabilities and net assets/fund balances | $13,326,058 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Headwaters Community Housing Trust has recieved totaling $5,000,000.
| Awarding Organization | Amount |
|---|---|
Kendeda Fund Wilmington, DE PURPOSE: IN SUPPORT FOR SOFT COSTS AND CONSTRUCTION COSTS ASSOCIATED WITH THE BRIDGER VIEW DEVELOPMENT | $5,000,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Northwest Real Estate Capital Corporation Boise, ID | $42,438,639 | $10,028,848 |
Residential Support Services Billings, MT | $5,433,049 | $8,172,054 |
Habitat For Humanity International Inc Jackson, WY | $8,153,958 | $5,142,791 |
Coeur Dalene Homes Phase Ii Inc Coeur dAlene, ID | $5,635,941 | $3,860,214 |
Montana Homeownership Network Inc Great Falls, MT | $31,389,696 | $4,000,327 |
Habitat For Humanity International Inc Rapid City, SD | $8,201,794 | $4,711,886 |
Wyoming Housing Network Inc Casper, WY | $15,520,089 | $2,919,478 |
Habitat For Humanity International Inc Belgrade, MT | $2,266,155 | $2,086,857 |
Jackson Hole Community Housing Jackson, WY | $38,036,756 | $12,690,732 |
Hrc Cottages Inc Missoula, MT | $5,641,381 | $1,935,106 |
Habitat For Humanity International Inc Hayden, ID | $2,324,082 | $1,463,201 |
Jamestown Stutsman Development Corporation Jamestown, ND | $14,818,717 | $2,044,737 |