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.
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 |
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 |