Continental Gardens Housing Corporation is located in Butte, MT. The organization was established in 1996. 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. Continental Gardens 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 09/2021, Continental Gardens Housing Corporation generated $457.1k in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 2.8% each year. All expenses for the organization totaled $535.0k during the year ending 09/2021. While expenses have increased by 2.5% per year over the past 6 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
THE ORGANIZATION'S PURPOSE IS TO DEVELOP AND OPERATE A 60 UNIT MULTI-FAMILY HOUSING COMPLEX FUNDED WITH HUD SECTION 202 FUNDS FOR VERY LOW-INCOME PEOPLE AGED 62 AND OLDER.
Describe the Organization's Program Activity:
Part 3 - Line 4a
CONTINENTAL GARDENS IS A 60 UNIT APARTMENT COMPLEX THAT PROVIDES HOUSING FOR LOW INCOME AND VERY LOW INCOME SENIORS IN BUTTE, MONTANA.
CONTINENTAL GARDENS IS A 60 UNIT APARTMENT COMPLEX THAT PROVIDES HOUSING FOR LOW INCOME AND VERY LOW INCOME SENIORS IN BUTTE, MONTANA.
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Dan Peters Vice President | OfficerTrustee | 1 | $0 |
Sandy Seccomb Secretary | OfficerTrustee | 1 | $0 |
Kathie King President | OfficerTrustee | 1 | $0 |
Margie Seccomb Executive Director | Officer | 8 | $0 |
Don Foley CFO | Officer | 8 | $0 |
Ann Ueland Member | Trustee | 1 | $0 |
Statement of Revenue | |
---|---|
Federated campaigns | $0 |
Membership dues | $0 |
Fundraising events | $0 |
Related organizations | $0 |
Government grants | $246,690 |
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 | $246,690 |
Total Program Service Revenue | $207,094 |
Investment income | $78 |
Tax Exempt Bond Proceeds | $0 |
Royalties | $0 |
Net Rental Income | $0 |
Net Gain/Loss on Asset Sales | $3,200 |
Net Income from Fundraising Events | $0 |
Net Income from Gaming Activities | $0 |
Net Income from Sales of Inventory | $0 |
Miscellaneous Revenue | $0 |
Total Revenue | $457,062 |
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 | $152,838 |
Pension plan accruals and contributions | $0 |
Other employee benefits | $29,693 |
Payroll taxes | $9,807 |
Fees for services: Management | $33,120 |
Fees for services: Legal | $1,132 |
Fees for services: Accounting | $13,239 |
Fees for services: Lobbying | $0 |
Fees for services: Fundraising | $0 |
Fees for services: Investment Management | $0 |
Fees for services: Other | $1,581 |
Advertising and promotion | $1,945 |
Office expenses | $9,186 |
Information technology | $0 |
Royalties | $0 |
Occupancy | $0 |
Travel | $0 |
Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
Conferences, conventions, and meetings | $1,037 |
Interest | $0 |
Payments to affiliates | $0 |
Depreciation, depletion, and amortization | $127,799 |
Insurance | $23,522 |
All other expenses | $0 |
Total functional expenses | $535,011 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $191,674 |
Savings and temporary cash investments | $0 |
Pledges and grants receivable | $0 |
Accounts receivable, net | $273 |
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 | $186 |
Net Land, buildings, and equipment | $1,926,878 |
Investments—publicly traded securities | $0 |
Investments—other securities | $0 |
Investments—program-related | $0 |
Intangible assets | $0 |
Other assets | $0 |
Total assets | $2,119,011 |
Accounts payable and accrued expenses | $37,837 |
Grants payable | $0 |
Deferred revenue | $1,166 |
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 | $3,366,400 |
Unsecured mortgages and notes payable | $0 |
Other liabilities | $40,024 |
Total liabilities | $3,445,427 |
Net assets without donor restrictions | -$1,326,416 |
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 | $2,119,011 |
Organization Name | Assets | Revenue |
---|---|---|
Ark Regional Services Inc Laramie, WY | $4,970,092 | $7,518,317 |
Homeword Inc Missoula, MT | $58,657,401 | $14,897,886 |
Grand Forks Homes Inc Grand Forks, ND | $15,508,002 | $4,473,354 |
Community Action Region Vi Jamestown, ND | $1,501,649 | $3,945,545 |
Ponderosa Apartments Inc Spearfish, SD | $17,012,312 | $3,089,734 |
Beyond Shelter Inc Fargo, ND | $39,993,501 | $6,508,362 |
Sherwood Inn Apartments Inc Bozeman, MT | $1,230,670 | $3,391,183 |
Supportive Housing And Innovative Partnerships Inc Boise, ID | $1,739,165 | $2,561,877 |
Reach Foundation Riverton, WY | $6,049,610 | $2,901,712 |
Prairie Tower Inc Billings, MT | $2,859,098 | $1,251,308 |
Neighborhood Housing Services Of The Black Hills Deadwood, SD | $4,416,875 | $1,295,374 |
American Legion Institute Of Family Living-Broadwater Helena, MT | $1,484,088 | $852,933 |