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Frontier Communities Inc

Learn about this cause: Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 810451626 ✦ Billings, MT ✦ Designated as a 501(c)(3)

Overview

What is Frontier Communities Inc?

Frontier Communities Inc is a not-for-profit organization situated in Billings, Montana. Their primary mission is to cater to the housing needs of individuals with low to moderate incomes. They offer a range of affordable and safe accommodations within their complex, with 72 units available at approximately 72% of the market rate. Despite having a 7% vacancy rate due to turnover and property replacement/renovation, Frontier Communities Inc remains dedicated to providing affordable housing solutions in the communities they serve.


Is Frontier Communities Inc legitimate?

Frontier Communities Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Frontier Communities Inc submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.

Here are some key statistics you may want to consider:

Executive Compensation: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $84,833

For more financial information, click here


What is the mission statement of Frontier Communities Inc?
Who is the CEO of Frontier Communities Inc?
What is the revenue of Frontier Communities Inc?
Who are the executives of Frontier Communities Inc and what are their salaries?
Where can I find the form 990 for Frontier Communities Inc?

Mission Statement of Frontier Communities Inc

Frontier Communities Inc, a nonprofit organization, is dedicated to providing affordable and safe housing solutions for individuals with low to moderate income levels within the communities it serves. The mission of this organization is to ensure that every resident can secure a place to call home without straining their budget. To achieve this goal, Frontier Communities Inc offers housing units at approximately 72% of the market rate, making it an affordable option for many families and individuals. With a 7% vacancy rate due to turnover and property replacement or renovation, the organization is consistently working to maintain and improve its housing complexes. By providing affordable housing, Frontier Communities Inc plays a crucial role in promoting stability and improving the quality of life for its residents.

Impact

This information is meant to be a general summary of Frontier Communities Inc. Please take the time to review official sources before making any decisions based upon the content provided here.




Wednesday, July 24, 2024

Frontier Communities Inc has a tangible impact on the community by providing affordable and safe housing options for low to moderate-income earners. Through their efforts, 72 units within the complex are available at rates approximately 72% of the market rate, ensuring that individuals and families have access to housing that fits their budget. With only 7% vacancies due to turnover and property replacement/renovation, Frontier Communities Inc is actively working to meet the housing needs of the community and improve overall living conditions for its residents.





Financials

This financial information is from Propublica.

Revenue
Expenses
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Investment Income: $67
  • Program Service Revenue: $321,090
  • Gross Receipts: $577,188

    • Assets and Liabilities:
  • Total Assets: $914,412
  • Total Liabilities: $1,411,974
  • Net Assets: -$497,562
  • Programs

    Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.

    RENTS (NET OF VACANCY)

    Revenue

    $303,316

    TENANT CHARGES

    Revenue

    $17,774

    Organization Details

    Principal Officer

    Sherman Oland

    Main Address

    2929 3RD AVENUE NORTH STE 538, BILLINGS, MT, 59101

    NTEE Category

    Code: L22Z - Housing

    If you are a representative of Frontier Communities Inc and wish to learn more about how Give Freely can help you raise funds, please click here: https://givefreely.com/nonprofits/. Our services are offered at no cost to your organization.