Hw-Confluence Inc
- Assets
- $3.4m
- Revenue
- $43.9k
- Investments
- $0.0
- Employees
- 0
- Location
- Missoula, MT
- Founding
- 03/2012
- Data as of
- 06/2022
- EIN
- 27-2532183
Organization Overview
Hw-Confluence Inc is located in Missoula, MT. The organization was established in 2012. According to its NTEE Classification (S47) the organization is classified as: Real Estate Associations, under the broad grouping of Community Improvement & Capacity Building and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Hw-Confluence Inc is a 501(c)(2) and as such, is described as a "Title Holding Corporation for an Exempt Organization" by the IRS.
For the year ending 06/2022, Hw-Confluence Inc generated $43.9k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 30.7% each year . All expenses for the organization totaled $84.7k during the year ending 06/2022. While expenses have increased by 1.7% per year over the past 7 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO SUPPORT HOMEWORD, INC., A MONTANA 501(C)(3) CORPORATION. THE EXCLUSIVE PURPOSE IS TO HOLD PROPERTY AND TITLE TO PROPERTY; TO LEASE PROPERTY AND COLLECT INCOME THEREFROM; AND TO TURNOVER THE ENTIRE AMOUNT THEREOF, LESS EXPENSES, TO HOMEWORD, INC.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO HOLD PROPERTY AND TITLE TO PROPERTY; TO LEASE PROPERTY AND COLLECT INCOME THEREFROM; AND TO TURNOVER THE ENTIRE AMOUNT, LESS EXPENSES, TO HOMEWORD, INC.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Sara Nelson Past President | OfficerTrustee | 0.5 | $0 |
Jason Erickson Treasurer | OfficerTrustee | 0.5 | $0 |
Beth Hayes Secretary | OfficerTrustee | 0.5 | $0 |
Meg Haenn Vice President | OfficerTrustee | 0.5 | $0 |
Alice Jones President | OfficerTrustee | 0.5 | $0 |
Andrea Davis Executive Director | Officer | 1 | $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 | $76,995 |
| Investment income | $31 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | -$33,118 |
| 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 | $43,908 |
| 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 | $2,027 |
| Fees for services: Legal | $47 |
| Fees for services: Accounting | $1,206 |
| 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 | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $9,737 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $34,382 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $23,690 |
| Insurance | $2,418 |
| All other expenses | $15 |
| Total functional expenses | $84,673 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $119,632 |
| Savings and temporary cash investments | $340,266 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $1,062 |
| 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 | $2,052 |
| Net Land, buildings, and equipment | $2,952,883 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $3,415,895 |
| Accounts payable and accrued expenses | $395,731 |
| 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 | $1,459,494 |
| Unsecured mortgages and notes payable | $2,429,822 |
| Other liabilities | $0 |
| Total liabilities | $4,285,047 |
| Net assets without donor restrictions | -$869,152 |
| 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 | $3,415,895 |
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