Big Sky Community Housing Trust
- Assets
- $553.9k
- Revenue
- $1.0m
- Investments
- $0.0
- Employees
- 3
- Location
- Big Sky, MT
- Founding
- Data as of
- 12/2021
- EIN
- 84-3391892
Organization Overview
Big Sky Community Housing Trust, operating under the name Bscht, is located in Big Sky, MT. 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, Bscht employed 3 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Bscht 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, Bscht generated $1.0m in total revenue. All expenses for the organization totaled $682.9k during the year ending 12/2021.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
EXPAND AFFORDABLE HOUSING OPTIONS FOR LOCAL WORKFORCE
Describe the Organization's Program Activity:
Part 3 - Line 4a
DOWN PAYMENT ASSISTANCE PROGRAM PROVIDES LOANS TO PURCHASERS OF MEADOWVIEW DEED RESTRICTED WORKFORCE CONDOS. THESE LOANS ARE REPAID TO BSCHT WHEN OWNERS RESELL THEIR UNIT. LOANS REMAIN ON THE BOOKS AS RECEIVABLES.
LONG TERM RENTAL PROGRAM -BSCHT SET UP A WEBSITE WHICH LISTS AVAILABLE UNITS AND MATCHES THEM TO SCREENED TENANTS. BSCHT CONVERTED 48 CONDOS TO LONG TERM RENTALS. BSCHT PROVIDES MINOR PROPERTY SERVICES TO MAKE THE LONG TERM RENTAL OPTION ATTRACTIVE TO HOUSING OWNERS, FOR WHICH REVENUE IS RECEIVED.
BSCHT HAS PROMOTED AND COORDINATED THE SALE OF ALL MEADOWVIEW CONDOMINIUM UNITS, HELPING BUYERS GET QUALIFIED AND MOVED IN. BSCHT MANAGES THE COMMUNITY LAND TRUST AND HOMEOWNERS ASSOCIATION, FOR WHICH IT RECEIVES REVENUE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Laura Seyfang Executive Director | Officer | 50 | $77,083 |
Timothy Kent Board Chair | OfficerTrustee | 2 | $0 |
Rick Simkins Board Director | OfficerTrustee | 1 | $0 |
Sarah Gaither Board Director | Trustee | 1 | $0 |
Kevin Hinkle Board Treasurer | Trustee | 3 | $0 |
Dave Brown Board Director | Trustee | 1 | $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 | $923,974 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $923,974 |
| Total Program Service Revenue | $86,236 |
| Investment income | $0 |
| 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 | $1,010,210 |
| 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. | $77,083 |
| Compensation of current officers, directors, key employees. | $23,125 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $55,710 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $14,671 |
| Payroll taxes | $16,876 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $3,493 |
| Fees for services: Accounting | $3,906 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $1,110 |
| Office expenses | $3,738 |
| Information technology | $17,763 |
| 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 | $3,990 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $5,063 |
| All other expenses | $479,485 |
| Total functional expenses | $682,888 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $553,869 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $553,869 |
| Accounts payable and accrued expenses | $7,431 |
| 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 | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $7,431 |
| Net assets without donor restrictions | $0 |
| 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 | $546,438 |
| Total liabilities and net assets/fund balances | $553,869 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Big Sky Community Housing Trust has recieved totaling $95,000.
| Awarding Organization | Amount |
|---|---|
Moonlight Community Foundation Big Sky, MT PURPOSE: RENT LOCAL PROGAM AIMED AT CREATING MORE RENTAL OPPORTUNITIES FOR LOCAL WORKERS WHO RESIDE IN BIG SKY. RENT LOCAL INCENTIVE PROGRAM TO CREATE IMMEDIATE RENTAL INVENTORY BY PROVIDING CASH TO OWNERS WHO TURN THEIR VACANT HOME OR VACATION RENTAL INTO A HOME FOR LOCAL WORKERS. | $95,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Northwest Real Estate Capital Corporation Boise, ID | $42,438,639 | $10,028,848 |
Residential Support Services Billings, MT | $5,433,049 | $8,172,054 |
Habitat For Humanity International Inc Jackson, WY | $8,153,958 | $5,142,791 |
Coeur Dalene Homes Phase Ii Inc Coeur dAlene, ID | $5,635,941 | $3,860,214 |
Montana Homeownership Network Inc Great Falls, MT | $31,389,696 | $4,000,327 |
Habitat For Humanity International Inc Rapid City, SD | $8,201,794 | $4,711,886 |
Wyoming Housing Network Inc Casper, WY | $15,520,089 | $2,919,478 |
Habitat For Humanity International Inc Belgrade, MT | $2,266,155 | $2,086,857 |
Jackson Hole Community Housing Jackson, WY | $38,036,756 | $12,690,732 |
Hrc Cottages Inc Missoula, MT | $5,641,381 | $1,935,106 |
Habitat For Humanity International Inc Hayden, ID | $2,324,082 | $1,463,201 |
Jamestown Stutsman Development Corporation Jamestown, ND | $14,818,717 | $2,044,737 |