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.
Form
990
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.
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Heather Grenier President | OfficerTrustee | 1 | $0 |
Whitt Hampton Treasurer | OfficerTrustee | 1 | $0 |
Caren Couch Board Member | Trustee | 1 | $0 |
Thomas Lee Board Member | Trustee | 1 | $0 |
Tracy Menuez Board Member | Trustee | 1 | $0 |
Barbara Kuhlemeier Former Board Member | Trustee | 1 | $0 |
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 |
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 | $51,937 |
Fees for services: Legal | $0 |
Fees for services: Accounting | $7,391 |
Fees for services: Lobbying | $0 |
Fees for services: Fundraising | $0 |
Fees for services: Investment Management | $0 |
Fees for services: Other | $0 |
Advertising and promotion | $0 |
Office expenses | $5,821 |
Information technology | $0 |
Royalties | $0 |
Occupancy | $53,337 |
Travel | $0 |
Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
Conferences, conventions, and meetings | $0 |
Interest | $7,058 |
Payments to affiliates | $0 |
Depreciation, depletion, and amortization | $1,847 |
Insurance | $0 |
All other expenses | $0 |
Total functional expenses | $2,702,343 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $861,637 |
Savings and temporary cash investments | $21,335 |
Pledges and grants receivable | $0 |
Accounts receivable, net | $5,489 |
Loans from Officers, Directors, or Controlling Persons | $0 |
Loans from Disqualified Persons | $0 |
Notes and loans receivable | $282,849 |
Inventories for sale or use | $0 |
Prepaid expenses and deferred charges | $10,266 |
Net Land, buildings, and equipment | $49,094 |
Investments—publicly traded securities | $0 |
Investments—other securities | $0 |
Investments—program-related | $0 |
Intangible assets | $0 |
Other assets | $0 |
Total assets | $1,230,670 |
Accounts payable and accrued expenses | $14,249 |
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 | $0 |
Unsecured mortgages and notes payable | $0 |
Other liabilities | $831,601 |
Total liabilities | $845,850 |
Net assets without donor restrictions | $384,820 |
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 | $0 |
Total liabilities and net assets/fund balances | $1,230,670 |
Organization Name | Assets | Revenue |
---|---|---|
Ark Regional Services Inc Laramie, WY | $4,970,092 | $7,518,317 |
Homeword Inc Missoula, MT | $58,657,401 | $14,897,886 |
Grand Forks Homes Inc Grand Forks, ND | $15,508,002 | $4,473,354 |
Community Action Region Vi Jamestown, ND | $1,501,649 | $3,945,545 |
Ponderosa Apartments Inc Spearfish, SD | $17,012,312 | $3,089,734 |
Beyond Shelter Inc Fargo, ND | $39,993,501 | $6,508,362 |
Sherwood Inn Apartments Inc Bozeman, MT | $1,230,670 | $3,391,183 |
Supportive Housing And Innovative Partnerships Inc Boise, ID | $1,739,165 | $2,561,877 |
Reach Foundation Riverton, WY | $6,049,610 | $2,901,712 |
Prairie Tower Inc Billings, MT | $2,859,098 | $1,251,308 |
Neighborhood Housing Services Of The Black Hills Deadwood, SD | $4,416,875 | $1,295,374 |
American Legion Institute Of Family Living-Broadwater Helena, MT | $1,484,088 | $852,933 |