Shermont Manor Housing Corporation
- Assets
- $1.5m
- Revenue
- $214.8k
- Investments
- $0.0
- Employees
- 0
- Location
- Sheridan, MT
- Founding
- 09/2002
- Data as of
- 09/2023
- 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 09/2023, Shermont Manor Housing Corporation generated $214.8k in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (0.8%) each year. All expenses for the organization totaled $307.5k during the year ending 09/2023. 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
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 | 0.3 | $0 |
Marilyn Ross Vice President | OfficerTrustee | 0.3 | $0 |
Bob Henry Secretary/treasurer | OfficerTrustee | 0.3 | $0 |
Dodie Rennfield Board Member | Trustee | 0.3 | $0 |
Charity Fechter Board Member | Trustee | 0.3 | $0 |
Margie Seccomb CEO | Officer | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $123,906 |
| 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 | $123,906 |
| Total Program Service Revenue | $90,215 |
| Investment income | $307 |
| 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 | $214,753 |
| 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 | $24,700 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $7,168 |
| Payroll taxes | $1,832 |
| Fees for services: Management | $46,195 |
| Fees for services: Legal | $4,207 |
| Fees for services: Accounting | $3,400 |
| 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 | $1,073 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $6,171 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $17,070 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $51,829 |
| Insurance | $17,181 |
| All other expenses | $39 |
| Total functional expenses | $307,520 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $24,610 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $7,262 |
| Accounts receivable, net | $712 |
| 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 | $1,676 |
| Net Land, buildings, and equipment | $1,390,833 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $95,806 |
| Total assets | $1,520,899 |
| Accounts payable and accrued expenses | $119,253 |
| Grants payable | $0 |
| Deferred revenue | $769 |
| 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 | $1,158,427 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $75,634 |
| Total liabilities | $1,354,083 |
| Net assets without donor restrictions | $166,816 |
| 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 | $1,520,899 |