Sherwood Inn Apartments Inc

Organization Overview

Sherwood Inn 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. Sherwood Inn 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 06/2021, Sherwood Inn Apartments Inc generated $3.4m in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 45.7% each year . All expenses for the organization totaled $2.7m during the year ending 06/2021. While expenses have increased by 43.1% per year over the past 6 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.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2021

Describe the Organization's Mission:

Part 3 - Line 1

PROVIDE LOW-INCOME HOUSING

Describe the Organization's Program Activity:

Part 3 - Line 4a

SHERWOOD INN APARTMENTS INC. HOLDS TITLE AND MAINTAINS 49 SUBSIDIZED RENTAL UNITS FOR LOW-INCOME INDIVIDUALS.


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Board, Officers & Key Employees

Name (title)Compensation
Heather Grenier
President
$0
Whitt Hampton
Treasurer
$0
Caren Couch
Board Member
$0
Thomas Lee
Board Member
$0
Tracy Menuez
Board Member
$0
Barbara Kuhlemeier
Former Board Member
$0

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$0
Related organizations$0
Government grants $0
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$0
Total Program Service Revenue$284,424
Investment income $41
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales $3,086,015
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $3,391,183

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