Shermont Manor Housing Corporation
- Assets
- $1.7m
- Revenue
- $206.9k
- Investments
- $0.0
- Employees
- 0
- Location
- Sheridan, MT
- Founding
- 09/2002
- Data as of
- 09/2021
- EIN
- 48-1266285
Organization Overview
Shermont Manor Housing Corporation is located in Sheridan, MT. The organization was established in 2002. According to its NTEE Classification (B90) the organization is classified as: Educational Services, under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Shermont Manor Housing Corporation 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 09/2021, Shermont Manor Housing Corporation generated $206.9k in total revenue. The organization has seen a slow decline revenue. Over the past 6 years, revenues have fallen by an average of (1.5%) each year. All expenses for the organization totaled $225.9k during the year ending 09/2021. As we would expect to see with falling revenues, expenses have declined by (1.0%) per year over the past 6 years. 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
TO DEVELOP, MAINTAIN, AND OPERATE HOUSING FACILITIES FOR LOW-INCOME PEOPLE IN BUTTE-SILVER BOW, ANACONDA-DEER LODGE, POWELL, GRANITE, MADISON, AND BEAVERHEAD COUNTIES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
SUBSIDIZED HOUSING COMPLEXES FOR THE LOW-INCOME ELDERLY CITIZENS OF THE COMMUNITY OF SHERIDAN AND LOW INCOME CITIZENS OF ENNIS AND DEER LODGE, MONTANA
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jim Fay President | OfficerTrustee | 1 | $0 |
Bob Henry Secretary/treasurer | OfficerTrustee | 1 | $0 |
Don Foley CFO | Officer | 2 | $0 |
Margie Seccomb CEO | Officer | 1 | $0 |
Connie Ternes-Daniels COO | Officer | 1 | $0 |
Charity Fechter Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $123,328 |
| 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 | $123,328 |
| Total Program Service Revenue | $83,046 |
| Investment income | $86 |
| 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 | $206,924 |
| 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 | $16,156 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $4,269 |
| Payroll taxes | $1,087 |
| Fees for services: Management | $29,501 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $3,350 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $527 |
| Office expenses | $2,131 |
| Information technology | $20 |
| Royalties | $0 |
| Occupancy | $8,367 |
| Travel | $4,061 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $19,315 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $49,485 |
| Insurance | $14,297 |
| All other expenses | $0 |
| Total functional expenses | $225,913 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $43,345 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $8,042 |
| Accounts receivable, net | $493 |
| 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 | $667 |
| Net Land, buildings, and equipment | $1,468,872 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $129,155 |
| Total assets | $1,650,574 |
| Accounts payable and accrued expenses | $92,571 |
| Grants payable | $0 |
| Deferred revenue | $890 |
| 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 | $1,181,912 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $74,145 |
| Total liabilities | $1,349,518 |
| Net assets without donor restrictions | $301,056 |
| 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 | $1,650,574 |
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