Northwood Community Inc
- Assets
- $1.2m
- Revenue
- $142.0k
- Investments
- $0.0
- Employees
- 0
- Location
- Ronan, MT
- Founding
- 09/2015
- Data as of
- 12/2021
- EIN
- 47-1509172
Organization Overview
Northwood Community Inc is located in Ronan, MT. The organization was established in 2015. According to its NTEE Classification (L82) the organization is classified as: Housing Expense Reduction Support, 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. Northwood Community 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 12/2021, Northwood Community Inc generated $142.0k in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (0.6%) each year. All expenses for the organization totaled $136.3k during the year ending 12/2021. 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
NORTHWOOD COMMUNITY WAS FORMED TO PROVIDE A HOUSING ALTERNATIVE FOR INDIVIDUALS AND FAMILIES WHO HAVE LOW TO MODERATE INCOME LEVELS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE COMMUNITY CURRENTLY HAS 41 TENANTS WHO COLLECTIVELY OWN SHARES IN THE COMMUNITY. THE TENANTS ARE LOW TO MODERATE-INCOME INDIVIDUALS WHO WOULD NOT BE ABLE TO AFFORD THEIR OWN HOUSING WITH OUT THE ASSISTANCE OF THE CORPORATION.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Annalisa Hyde Treasurer | Officer | 1 | $0 |
Cynthia Lewis President | Officer | 1 | $0 |
Jr Parot Operations | 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 | $19,030 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $19,030 |
| Total Program Service Revenue | $122,936 |
| Investment income | $8 |
| 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 | $141,974 |
| 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 | $14,585 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $4,050 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $180 |
| Office expenses | $216 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $38,279 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $57,682 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $10,193 |
| Insurance | $6,172 |
| All other expenses | $4,959 |
| Total functional expenses | $136,316 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $25,518 |
| Savings and temporary cash investments | $58,754 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $6,822 |
| 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 | $7,098 |
| Net Land, buildings, and equipment | $1,050,937 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $30,425 |
| Total assets | $1,179,554 |
| Accounts payable and accrued expenses | $80,775 |
| Grants payable | $0 |
| Deferred revenue | $6,435 |
| 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 | $1,077,706 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | -$12,734 |
| Total liabilities | $1,152,182 |
| Net assets without donor restrictions | $15,842 |
| Net assets with donor restrictions | $11,530 |
| 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 | $1,179,554 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Northwood Community Inc has recieved totaling $7,500.
| Awarding Organization | Amount |
|---|---|
Headwaters Health Foundation Of Western Montana Missoula, MT PURPOSE: GENERAL OPERATING | $7,500 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Energy Share Of Montana Inc Helena, MT | $11,833,025 | $2,862,761 |
Mazaska Owecaso Otipi Financial Inc Pine Ridge, SD | $8,605,791 | $1,745,280 |
Nhs Lending Inc Boise, ID | $6,052,045 | $1,544,726 |
Northwood Community Inc Ronan, MT | $1,179,554 | $141,974 |
Helena Housing Development Corporation Helena, MT | $850,759 | $112,619 |