Eastern Montana Verterans Home
- Assets
- $3.2m
- Revenue
- $341.5k
- Investments
- $1.8m
- Employees
- 0
- Location
- Glendive, MT
- Founding
- 07/2015
- Data as of
- 12/2023
- EIN
- 81-0495371
Organization Overview
Eastern Montana Verterans Home is located in Glendive, MT. The organization was established in 2015. According to its NTEE Classification (P11) the organization is classified as: Single Organization Support, under the broad grouping of Human Services and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Eastern Montana Verterans Home 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, Eastern Montana Verterans Home generated $341.5k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 9 years, the organization has seen revenues fall by an average of (17.0%) each year. All expenses for the organization totaled $150.3k during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
THE ORGANIZATION'S GOALS ARE TO PROVIDE LIAISON BETWEEN THE EASTERN MONTANA VETERANS HOME AND THE SURROUNDING COMMUNITY, TO RECEIVE GIFTS, CONTRIBUTIONS, AND GRANTS FOR THE BENEFIT OF THE EASTERN MONTANA VETERANS HOME AND ITS RESIDENTS, AND TO EXPEND MONIES AND FUNDS RECEIVED FOR IMPROVEMENT OF THE GROUNDS AND BUILDINGS THAT WILL BE CONTRIBUTED FOR THE WELL-BEING AND COMFORT OF THE RESIDENTS OF THE EASTERN MONTANA VETERANS HOME.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE FOUNDATION PROVIDES ASSISTANCE TO THE 60-70 RESIDENTS OF THE EASTERN MONTANA VETERANS HOME IN GLENDIVE, MT. ASSISTANCE INCLUDES PURCHASES OF FURNITURE, TELEVISIONS FOR ENTERTAINMENT, HAIRCUTS, AND OTHER BASIC NECESSITIES FOR RESIDENTS WHO MAY NOT HAVE ANY FAMILY TO HELP PROVIDE FOR THEM.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Dee Basta Secretary Treasurer | 2 | $0 | |
Tami Freas Director | 2 | $0 | |
Jerry Glaser Vice President | 2 | $0 | |
Glenda Labree President | 2 | $0 | |
Doug Byron Director | 2 | $0 | |
Richard Berg Director | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $2,043 |
| Interest on Savings | $19 |
| Dividends & Interest | $51,448 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $19,986 |
| Capital Gain Net Income | $19,986 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $268,046 |
| Total Revenue | $341,542 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $20,364 |
| Depreciation | $15,797 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $94,852 |
| Total operating and administrative expenses | $150,330 |
| Contributions, gifts, grants paid | $0 |
| Total expenses and disbursements | $150,330 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $138,058 |
| Savings and temporary cash investments | $121,427 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $5,759 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $1,790,682 |
| Net Land, buildings, and equipment | $139,595 |
| Other assets | $1,000,000 |
| Total assets | $3,195,521 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |