Northwood Community Inc
- Assets
- $1.2m
- Revenue
- $150.6k
- Investments
- $0.0
- Employees
- 0
- Location
- Ronan, MT
- Founding
- 09/2015
- Data as of
- 12/2023
- 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 12/2023, Northwood Community Inc generated $150.6k in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (0.5%) each year. All expenses for the organization totaled $165.4k during the year ending 12/2023. 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
2023
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 38 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.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Annie Billman President | Officer | 1 | $0 |
Daniel O'roake Vice President | Officer | 1 | $0 |
Mary Sherman Secretary | Officer | 1 | $0 |
Raul Villagrana Treasurer | Officer | 1 | $0 |
Richard Hunter 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 | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $149,819 |
| Investment income | $821 |
| 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 | $150,640 |
| 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 | $15,975 |
| Fees for services: Legal | $2,769 |
| Fees for services: Accounting | $6,235 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $120 |
| Office expenses | $293 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $50,844 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $55,376 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $13,979 |
| Insurance | $7,690 |
| All other expenses | $0 |
| Total functional expenses | $165,378 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $68,122 |
| Savings and temporary cash investments | $44,667 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $10,415 |
| 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 | $1,088,100 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,211,304 |
| Accounts payable and accrued expenses | $187,474 |
| Grants payable | $0 |
| Deferred revenue | $4,562 |
| 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 | $1,006,698 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | -$3,744 |
| Total liabilities | $1,194,990 |
| Net assets without donor restrictions | $16,314 |
| 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 | $1,211,304 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Energy Share Of Montana Inc Helena, MT | $13,252,874 | $2,608,451 |
Mazaska Owecaso Otipi Financial Inc Pine Ridge, SD | $12,434,120 | $2,359,572 |
Nhs Lending Inc Boise, ID | $5,384,938 | $349,856 |
Northwood Community Inc Ronan, MT | $1,211,304 | $150,640 |
Helena Housing Development Corporation Helena, MT | $839,881 | $118,265 |
Wood River Community Housing Trust Inc Ketchum, ID | $2,309,310 | $253,241 |
Dubbers Cares Missoula, MT | $14,639 | $0 |