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Montana Homeownership Network Inc

Neighborworks Montana

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

EIN: 810543240 ✦ Great falls, MT ✦ Designated as a 501(c)(3)

Overview

What is Montana Homeownership Network Inc?

Montana Homeownership Network Inc, also known as NeighborWorks Montana, is a nonprofit organization headquartered in Great Falls, Montana. In the fiscal year 2022, they made significant strides in preserving the affordability of 235 homes and created 103 new homeowners through education and financial assistance. Their mission is to create sustainable homeownership opportunities and improve the availability of affordable rentals. With a team of 26 employees, they provide education and financing, empowering every Montanan to live in a home where they can thrive.


Official website here: www.nwmt.org

Is Montana Homeownership Network Inc legitimate?

Montana Homeownership Network Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Montana Homeownership Network 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: $214,137
Professional Fundraising Fees: $0
Other Salaries and Wages: $865,001

For more financial information, click here


Official website here: www.nwmt.org

What is the mission statement of Montana Homeownership Network Inc?

The Montana Homeownership Network Inc is dedicated to enhancing communities by offering education and financing to help every Montanan attain a home where they can flourish. In the past fiscal year, they successfully preserved the affordability of 235 homes and created 103 new homeowners through education and down payment assistance. Furthermore, 1,331 Montanans graduated from homebuyer education programs. The organization's mission is to strengthen communities by providing opportunities for sustainable homeownership and affordable rentals.


Official website here: www.nwmt.org

Who is the CEO of Montana Homeownership Network Inc?

Kaia Peterson is the President of Montana Homeownership Network Inc.


Official website here: www.nwmt.org

What is the revenue of Montana Homeownership Network Inc?

Montana Homeownership Network Inc's revenue in 2022 was $13,852,588.


Official website here: www.nwmt.org

Who are the executives of Montana Homeownership Network Inc and what are their salaries?

The average compensation at Montana Homeownership Network Inc during 2022 was $41,505. There are 26 employees and 17 volunteers at Montana Homeownership Network Inc.

Here are 19 key members and their salaries:

    Kaia Peterson (Executive Director)
  • Compensation: $104,043
  • Related: $0
  • Other: $5,202

    • Kevin Lee (Chief Financial Officer)
  • Compensation: $95,542
  • Related: $0
  • Other: $4,777

    • Julie Graham (President) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Andrea Davis (1St Vice President) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Larry Williams (Treasurer) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Tori Matejovsky (2Nd Vice President) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Michael O'Neil (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Jim Morton (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Bruce Brensdal (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Tom Jacobson (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Ian Ullman (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Hanna Warhank (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Jane Pavek (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Peggy Trenk (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Katie Miller (Secretary) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Mike Smith (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Cheryl Cohen (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • George Nikolakakos (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Penny Doak (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0


  • Official website here: www.nwmt.org

    Where can I find the form 990 for Montana Homeownership Network Inc?

    The Montana Homeownership Network Inc’s most recent form 990 was submitted in 2022 and can be accessed here


    Official website here: www.nwmt.org

    Learn more at the official website: www.nwmt.org

    Mission Statement of Montana Homeownership Network Inc

    Montana Homeownership Network Inc, a leading nonprofit organization, is on a mission to strengthen communities by providing education and financing that enables every Montanan to thrive in a stable home. The organization's vision is to create sustainable homeownership opportunities and improve the availability of affordable rentals.

    In practice, Montana Homeownership Network Inc preserves the affordability of existing homes, allowing more people to remain in their communities. During fiscal year 2022, they successfully preserved the affordability of 235 homes. This commitment extends beyond homeowners, as the organization also works to increase the number of affordable rentals.

    With a focus on empowering individuals, Montana Homeownership Network Inc offers education and down payment assistance to help create 103 new homeowners. Their dedication to ensuring Montanans have access to the resources they need does not stop there—they also graduated 1,331 individuals from their homebuyer education program.

    By providing essential education and financial support, Montana Homeownership Network Inc is making a difference in the lives of Montanans, enabling them to secure a place they can call their own. The organization's unwavering commitment to its mission is essential in creating thriving communities across Montana.

    Impact

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




    Thursday, August 15, 2024

    Montana Homeownership Network Inc, also known as NeighborWorks Montana, has made a significant impact in creating sustainable homeownership opportunities and improving the availability of affordable rentals in Montana. In fiscal year 2022, NeighborWorks Montana preserved the affordability of 235 homes, created 103 new homeowners through education and down payment assistance programs, and graduated 1,331 Montanans from homebuyer education courses. Their work has directly contributed to strengthening communities by providing crucial education and financing solutions that enable every Montanan the opportunity to live in a home where they can thrive.





    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: $12,514
  • Program Service Revenue: $1,733,177
  • Gross Receipts: $13,852,588

    • Assets and Liabilities:
  • Total Assets: $42,780,327
  • Total Liabilities: $16,203,977
  • Net Assets: $26,576,350
  • Programs

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

    CONTRACT INCOME

    Revenue

    $772,906

    INTEREST ON LOANS

    Revenue

    $656,771

    OTHER REVENUE

    Revenue

    $186,271

    CONFERENCE INCOME

    Revenue

    $64,123

    LOAN FEES

    Revenue

    $53,106

    Organization Details

    Founding Year

    2001

    Principal Officer

    Kaia Peterson

    Main Address

    17 5TH STREET SOUTH, GREAT FALLS, MT, 59401

    NTEE Category

    Code: L20 - Housing

    If you are a representative of Montana Homeownership Network 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.