Summit Apartments Inc
- Assets
- $365.8k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Bozeman, MT
- Founding
- 06/2003
- Data as of
- 06/2021
- EIN
- 81-0542899
Organization Overview
Summit Apartments Inc is located in Bozeman, MT. The organization was established in 2003. 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. Summit Apartments Inc 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 06/2021, Summit Apartments Inc generated $61.7k in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 0.2% each year. All expenses for the organization totaled $86.3k during the year ending 06/2021. While expenses have increased by 3.2% 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
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2021
Describe the Organization's Program Activity:
Part 3
SUMMIT PLACE APARTMENTS-PROVIDE LOW-INCOME HOUSING UPON THE TRANSFER OF PHYSICAL ASSETS FROM THE DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Whitt Hampton Treasurer | 0 | $0 | |
Heather Grenier President | 0 | $0 | |
Thomas Lee Member | 0 | $0 | |
Caren Couch Member | 0 | $0 | |
Tracy Menuez Member | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $61,646 |
| Membership dues | $0 |
| Investment income | $32 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $61,678 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $0 |
| Professional fees and other payments to independent contractors | $11,186 |
| Occupancy, rent, utilities, and maintenance | $14,450 |
| Printing, publications, postage, and shipping | $111 |
| Other expenses | $60,592 |
| Total expenses | $86,339 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $105,769 |
| Other assets | $0 |
| Total assets | $365,786 |
| Total liabilities | $441,531 |
| Net assets or fund balances | -$75,745 |
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|---|---|---|
Ark Regional Services Inc Laramie, WY | $4,970,092 | $7,518,317 |
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Grand Forks Homes Inc Grand Forks, ND | $15,508,002 | $4,473,354 |
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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 |