Richland Affordable Housing Corporation
- Assets
- $3.8m
- Revenue
- $632.0k
- Investments
- $651.6k
- Employees
- 0
- Location
- Sidney, MT
- Founding
- 10/1996
- Data as of
- 12/2021
- EIN
- 81-0509083
Organization Overview
Richland Affordable Housing Corporation is located in Sidney, MT. The organization was established in 1996. According to its NTEE Classification (L25) the organization is classified as: Housing Rehabilitation, 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. Richland Affordable 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 12/2021, Richland Affordable Housing Corporation generated $632.0k in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (1.4%) each year. All expenses for the organization totaled $682.6k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (0.9%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Chad Molden Chairman / Director | 0.5 | $0 | |
Don Garsjo Director / Vice Chairman | 0.5 | $0 | |
Kris Weltikol Vice Chairman / Director | 0.5 | $0 | |
Mark Martin Director | 0.5 | $0 | |
Dean Lang Director | 0.5 | $0 | |
Missy Smies Executive Director | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $371,793 |
| Interest on Savings | $333 |
| Dividends & Interest | $0 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $259,857 |
| Total Revenue | $631,983 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $0 |
| Depreciation | $142,294 |
| Occupancy | $304,190 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $4,993 |
| Other expenses | $192,678 |
| Total operating and administrative expenses | $682,608 |
| Contributions, gifts, grants paid | $0 |
| Total expenses and disbursements | $682,608 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $95 |
| Savings and temporary cash investments | $177,264 |
| Net Accounts receivable | $129,440 |
| 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 | $3,094 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $651,639 |
| Net Land, buildings, and equipment | $2,816,455 |
| Other assets | $55,976 |
| Total assets | $3,833,963 |
| Accounts payable and accrued expenses | $143,540 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $1,167,503 |
| Other liabilities | $15,008 |
| Total liabilities | $1,326,051 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Eventide Moorhead, MN | $123,722,101 | $65,835,602 |
Farmworker Housing Development Corporation Woodburn, OR | $38,489,152 | $50,603,314 |
Foundation For Affordable Housing Omaha, NE | $529,060,224 | $34,736,721 |
Plymouth Housing Group Seattle, WA | $309,732,107 | $48,610,871 |
Marys Woods At Marylhurst Inc Lake Oswego, OR | $331,910,754 | $44,154,309 |
Trillium Family Services Inc Portland, OR | $33,636,743 | $50,184,616 |
Western Home Services Inc Cedar Falls, IA | $172,352,897 | $41,691,659 |
Mercy Housing California Denver, CO | $227,832,939 | $51,666,218 |
Family Housing Fund Minneapolis, MN | $55,836,528 | $42,355,449 |
Immanuel Retirement Communities Omaha, NE | $159,357,540 | $36,993,278 |
Tarrant County Senior Living Center Inc West Des Moines, IA | $161,252,746 | $23,022,366 |
Northeast Denver Housing Center Inc Denver, CO | $58,407,194 | $39,072,373 |