Jackson Hole Community Housing
- Assets
- $38.0m
- Revenue
- $12.7m
- Investments
- $0.0
- Employees
- 6
- Location
- Jackson, WY
- Founding
- 03/1992
- Data as of
- 12/2021
- EIN
- 83-0297131
Organization Overview
Jackson Hole Community Housing is located in Jackson, WY. The organization was established in 1992. According to its NTEE Classification (L20) the organization is classified as: Housing Development, Construction & Management, under the broad grouping of Housing & Shelter and related organizations. As of 12/2021, Jackson Hole Community Housing employed 6 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Jackson Hole Community Housing 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, Jackson Hole Community Housing generated $12.7m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 40.5% each year . All expenses for the organization totaled $1.9m during the year ending 12/2021. While expenses have increased by 26.2% per year over the past 7 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
SEE SCHEDULE O
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE HOUSING TRUST OWNS AND MANAGES 28 AFFORDABLE RENTAL UNITS WHICH COMPRISE THE REDMOND STREET RENTALS.THE HOUSING TRUST OWNS AND MANAGES 5 AFFORDABLE RENTAL UNITS AT 225 EAST HANSEN AND 620 EAST HANSEN.
SINCE 1991, THE HOUSING TRUST HAS DEVELOPED OR ACQUIRED 142 HOMES. CENTRAL TO THE STEWARDSHIP OF THESE ASSETS ARE THE MANAGEMENT AND ADMINISTRATION OF THE GROUND LEASES AND SPECIAL RESTRICTIONS ASSOCIATED WITH EACH HOME. IN CONCERT WITH THIS SCOPE OF WORK, STAFF ENSURES THAT THE HOUSING TRUST LEGAL, FINANCIAL AND LENDING GUIDELINES ARE CURRENT WITH FEDERAL REQUIREMENTS. IN ADDITION TO STEWARDSHIP OF THE HOMES DEVELOPED AND ACQUIRED BY THE HOUSING TRUST OVER THE YEARS, SIGNIFICANT STAFF TIME EACH YEAR IS ALSO DEDICATED TO PREDEVELOPMENT EFFORTS TO ASSESS PROJECT VIABILITY INCLUDING BUT NOT LIMITED TO LAND ACQUISITION, PRECONSTRUCTION DUE DILIGENCE, FINANCIAL ANALYSIS, PARTNERSHIP IDENTIFICATION AND COLLABORATION, AND FUNDRAISING.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Anne Cresswell Executive Dir. | Officer | 40 | $150,000 |
Alexis Dittmer Vice Chairwoman | OfficerTrustee | 1 | $0 |
Dale Hoyt Secretary | OfficerTrustee | 1 | $0 |
Berte Hirschfield Chairwoman | OfficerTrustee | 1 | $0 |
Amy Minella Treasurer | OfficerTrustee | 1 | $0 |
Lynne Wagner Director | Trustee | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $242,485 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $50,000 |
| All other contributions, gifts, grants, and similar amounts not included above | $10,724,341 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $11,016,826 |
| Total Program Service Revenue | $752,533 |
| Investment income | $1,373 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $920,000 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $12,690,732 |
| 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. | $154,500 |
| Compensation of current officers, directors, key employees. | $23,175 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $237,766 |
| Pension plan accruals and contributions | $5,744 |
| Other employee benefits | $0 |
| Payroll taxes | $41,591 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $5,695 |
| Fees for services: Accounting | $63,000 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $1,801 |
| Advertising and promotion | $52,230 |
| Office expenses | $26,854 |
| Information technology | $7,592 |
| Royalties | $0 |
| Occupancy | $23,320 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $202,287 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $357,795 |
| Insurance | $38,888 |
| All other expenses | $0 |
| Total functional expenses | $1,897,633 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $2,692,535 |
| Pledges and grants receivable | $70,000 |
| Accounts receivable, net | $0 |
| 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 | $29,288 |
| Net Land, buildings, and equipment | $22,484,797 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $12,760,136 |
| Total assets | $38,036,756 |
| Accounts payable and accrued expenses | $1,846,344 |
| Grants payable | $0 |
| Deferred revenue | $695,557 |
| 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 | $11,417,789 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $1,907,657 |
| Total liabilities | $15,867,347 |
| Net assets without donor restrictions | $15,790,638 |
| Net assets with donor restrictions | $6,378,771 |
| 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 | $38,036,756 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Jackson Hole Community Housing has recieved totaling $4,439,200.
| Awarding Organization | Amount |
|---|---|
Hughes Charitable Foundation Jackson, WY PURPOSE: SUPPORT FOR THE PURSUIT AND DEVELOPMENT OF AFFORDABLE HOUSING | $3,839,200 |
Hughes Charitable Foundation Jackson, WY PURPOSE: SUPPORT FOR THE PURSUIT AND DEVELOPMENT OF AFFORDABLE HOUSING | $600,000 |
Endowment Analysis
| Beg. Balance | $438,266 |
| Earnings | $150 |
| Ending Balance | $438,416 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Brothers Redevelopment Inc Edgewater, CO | $28,566,111 | $21,890,998 |
Habitat For Humanity International Inc Omaha, NE | $36,900,454 | $19,457,975 |
South Of Market Mercy Housing Denver, CO | $1,397,293 | $161,294 |
Northwest Real Estate Capital Corporation Boise, ID | $42,438,639 | $10,028,848 |
Western Region Nonprofit Housing Corporation Salt Lake City, UT | $76,676,954 | $12,236,656 |
Habitat For Humanity International Inc Glenwood Springs, CO | $10,815,473 | $6,555,105 |
Residential Support Services Billings, MT | $5,433,049 | $8,172,054 |
Utah Nonprofit Housing Corporation Salt Lake City, UT | $66,026,062 | $36,661,110 |
Mercy Housing South East Denver, CO | $32,176,710 | $9,687,514 |
Pikes Peak Habitat For Humanity Inc Colorado Springs, CO | $13,774,284 | $6,271,945 |
Habitat For Humanity International Inc Fort Collins, CO | $6,791,081 | $6,218,115 |
Mercy Housing Calwest Denver, CO | -$18,791,913 | $14,657,764 |