Forsyth Development Foundation

Organization Overview

Forsyth Development Foundation is located in Forsyth, MT. The organization was established in 1999. According to its NTEE Classification (L22) the organization is classified as: Senior Citizens Housing & Retirement Communities, 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. Forsyth Development Foundation 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, Forsyth Development Foundation generated $443.5k in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 3.1% each year. All expenses for the organization totaled $425.4k during the year ending 12/2023. While expenses have increased by 3.4% 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.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2023

Describe the Organization's Mission:

Part 3 - Line 1

ASSISTANCE IN THE RECREATIONAL AND DEVELOPMENTAL GROWTH OF THE COMMUNITY OF FORSYTH, MT.

Describe the Organization's Program Activity:

Part 3 - Line 4a

FORSYTH DEVELOPMENT FOUNDATION LEASES AFFORDABLE RENTAL UNITS KNOWN AS RIVERVIEW VILLA FROM THE CITY OF FORSYTH, MT. THESE 50 UNITS ARE RENTED TO RESIDENTS WHO ARE 55 AND OLDER. IN ADDITION, THE FOUNDATION LEASES AFFORDABLE RENTAL UNITS KNOWN AS ANTELOPE CREEK. THESE UNITS ARE AVAILABLE TO FAMILIES WHO DO NOT HAVE THE 55 OR OLDER DESGINATION. ADDITIONALLY, THE ORGANIZATIOIN HAS A CONVENTION AREA THAT IS AVAILABLE TO THE LOCAL AREA FOR USE.


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Board, Officers & Key Employees

Name (title)Compensation
Robert Martelle
Director
$0
Carole Raymond
Director
$0
Harry Tatro
Director
$0
Joel Klapmeier
Director
$0
Ethan Bell
Director
$0
Wayne Pester
Director
$0

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$0
Related organizations$0
Government grants $0
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$0
Total Program Service Revenue$442,761
Investment income $783
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 $443,544

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