Home Corporation
- Assets
- $665.5k
- Revenue
- $205.1k
- Investments
- $0.0
- Employees
- 0
- Location
- Bozeman, MT
- Founding
- 06/1997
- Data as of
- 06/2021
- EIN
- 81-0511380
Organization Overview
Home Corporation is located in Bozeman, MT. The organization was established in 1997. According to its NTEE Classification (L50) the organization is classified as: Homeowners & Tenants Associations, 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. Home Corporation is a 501(c)(2) and as such, is described as a "Title Holding Corporation for an Exempt Organization" by the IRS.
For the year ending 06/2021, Home Corporation generated $205.1k in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 1.6% each year. All expenses for the organization totaled $199.0k during the year ending 06/2021. 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
PROVIDE LOW INCOME HOUSING
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE SOLE PURPOSE OF THIS ORGANIZATION IS TO HOLD TITLE TO THE WEST BABCOCK APARTMENTS, A 24 UNIT AFFORDABLE HOUSING COMPLEX, AND TO PROVIDE HOUSING TO LOW INCOME FAMILIES IN BOZEMAN, MONTANA.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Scott Malloy Chair | OfficerTrustee | 0 | $0 |
Linda Young Vice Chair | OfficerTrustee | 0 | $0 |
Heather Grenier President | Officer | 1 | $0 |
David Kack Board Member | Trustee | 0 | $0 |
Gene Townsend Board Member | Trustee | 0 | $0 |
Mitch Bradley Board Member | Trustee | 0 | $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 | $205,080 |
| Investment income | $33 |
| 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 | $205,113 |
| 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 | $39,619 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $6,759 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $129 |
| Office expenses | $1,038 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $26,171 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $22,125 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $51,950 |
| Insurance | $0 |
| All other expenses | $51,257 |
| Total functional expenses | $199,048 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $19,003 |
| Savings and temporary cash investments | $162,435 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $3,070 |
| 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 | $2,013 |
| Net Land, buildings, and equipment | $478,957 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $665,478 |
| Accounts payable and accrued expenses | $15,931 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| 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 | $375,971 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $177,623 |
| Total liabilities | $569,525 |
| Net assets without donor restrictions | $95,953 |
| 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 | $665,478 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Big Sky Owners Association Inc Big Sky, MT | $2,466,028 | $1,119,623 |
South Dakota Telecommunications Association Pierre, SD | $191,089 | $797,905 |
Home Builders Association Of Billings Montana Inc Billings, MT | $1,429,512 | $763,178 |
Broadband Association Of North Dakota Mandan, ND | $754,213 | $601,039 |
Farmers Educational & Cooperative Union Of America North Dakota Div Jamestown, ND | $1,848,057 | $448,026 |
Kenmare Housing Corporation Kenmare, ND | $577,544 | $271,456 |
The Aspen Homeowners Association Wilson, WY | $393,556 | $182,494 |
Pleasant Park Community Inc Great Falls, MT | $2,154,842 | $261,569 |
Helena Building Industry Association Of Helena Montana Inc Helena, MT | $371,834 | $168,190 |
South Dakota Association Of Cooperatives Pierre, SD | $639,078 | $264,199 |
Home Corporation Bozeman, MT | $665,478 | $205,113 |
Miller Housing Corporation Miller, SD | $902,389 | $78,409 |