American Legion Institute Of Family Living-Broadwater
- Assets
- $1.5m
- Revenue
- $954.1k
- Investments
- $0.0
- Employees
- 0
- Location
- Helena, MT
- Founding
- 07/1973
- Data as of
- 03/2024
- EIN
- 81-0339355
Organization Overview
American Legion Institute Of Family Living-Broadwater is located in Helena, MT. The organization was established in 1973. According to its NTEE Classification (L21) the organization is classified as: Low-Income & Subsidized Rental Housing, 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. American Legion Institute Of Family Living-Broadwater is a 501(c)(4) and as such, is described as a "Civic League, Social Welfare Organization, and Local Association of Employees" by the IRS.
For the year ending 03/2024, American Legion Institute Of Family Living-Broadwater generated $954.1k in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 2.5% each year. All expenses for the organization totaled $891.9k during the year ending 03/2024. While expenses have increased by 4.2% per year over the past 9 years. They've been increasing with an increasing level of total revenue. 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
2024
Describe the Organization's Mission:
Part 3 - Line 1
LOW INCOME HOUSING
Describe the Organization's Program Activity:
Part 3 - Line 4a
LOW INCOME HOUSING
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Charles Stohl Secretary/treas | OfficerTrustee | 0.5 | $0 |
Gary White Director | Trustee | 0.5 | $0 |
Greg Thornquist Director | Trustee | 0.5 | $0 |
Dick Ellwein President | OfficerTrustee | 0.5 | $0 |
Jeff Ireland Director | Trustee | 0.5 | $0 |
Eddy White Vice President | OfficerTrustee | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $388,415 |
| 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 | $388,415 |
| Total Program Service Revenue | $567,105 |
| Investment income | $31 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$1,500 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $954,051 |
| 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 | $74,998 |
| Fees for services: Legal | $10,857 |
| Fees for services: Accounting | $15,194 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $185,305 |
| Advertising and promotion | $3,936 |
| Office expenses | $27,850 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $267,785 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $436 |
| Interest | $4,734 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $74,997 |
| Insurance | $67,280 |
| All other expenses | $759 |
| Total functional expenses | $891,854 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $65,121 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $22,514 |
| 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 | $17,965 |
| Net Land, buildings, and equipment | $921,031 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $516,151 |
| Total assets | $1,542,782 |
| Accounts payable and accrued expenses | $118,043 |
| Grants payable | $0 |
| Deferred revenue | $12,083 |
| 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 | $453,812 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $34,570 |
| Total liabilities | $618,508 |
| Net assets without donor restrictions | $924,274 |
| 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 | $1,542,782 |