HRC PROPERTIES INC

EIN: 810516735

MISSOULA, MT

Total Revenue
$304,490
Total Expenses
$1,526,567
Total Assets
N/A
Net Assets
N/A
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Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year
1999
Legal Domicile
MT
Principal Officer
JIM MORTON
Phone
4067283710
Tax Period
2017-07-01 to 2018-06-30

HRC PROPERTIES INC, founded in 1999, is a small nonprofit that reported $304K in total revenue in fiscal year 2017. Expenses of $1.5M exceeded revenue, resulting in a 401% operating deficit.

Mission

HOLD AND MANAGE REAL ESTATE TO PROVIDE OFFICE SPACE TO DISTRICT XI HUMAN RESOURCE COUNCIL, INC. AND OTHER NON-PROFIT AND GOVERNMENTAL ORGANIZATIONS THAT PROVIDE SERVICES TO INDIVIDUALS EXPERIENCING LOW INCOME.

Program Service Accomplishments

Program 1

PUBLIC, SOCIETY BENEFIT PROGRAMS, GENERAL/OTHER: HELD AND MANAGED REAL ESTATE TO PROVIDE OFFICE SPACE TO DISTRICT XI HRC AND OTHER ORGANIZATIONS THAT SERVE THE DEVELOPMENTALLY DISABLED, VETERANS...

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PUBLIC, SOCIETY BENEFIT PROGRAMS, GENERAL/OTHER: HELD AND MANAGED REAL ESTATE TO PROVIDE OFFICE SPACE TO DISTRICT XI HRC AND OTHER ORGANIZATIONS THAT SERVE THE DEVELOPMENTALLY DISABLED, VETERANS, LOW-INCOME HOUSEHOLDS, OR PROVIDE SERVICES IN LITERACY, IN-HOME CARE, COMMUNITY SERVICES REFERRAL, YOUTH EMPLOYMENT, FOOD PANTRY, WORK OPPORTUNITIES FOR ADULTS, WEATHERIZATION, ENERGY ASSISTANCE, INDIGENT ASSISTANCE, LOW INCOME RENTAL ASSISTANCE, HOUSING, AND OTHER SERVICES. OFFICE SPACE IS LOCATED AT 211 3RD STREET IN SUPERIOR; 105 STRAND, 1801 S HIGGINS, 1833 S HIGGINS, AND 2205 KEMP IN MISSOULA; AND 316 N 3RD AND 303 N 3RD IN HAMILTON. (7 OFFICES).

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2017)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $304,483
Investment Income $7
Other Revenue $0
TOTAL REVENUE $304,490

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Other Expenses $1,526,567
TOTAL EXPENSES $1,526,567

Year-over-Year Comparison

2017 2016 Change
Revenue $304,490 $298,141 +0.0%
Expenses $1,526,567 $186,766 +7.2%
Net Income $-1,222,077 $111,375 -12.0%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

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Governance

Voting Members
3
Independent Members
2
Employees
N/A
Volunteers
2

Governance Policies

Conflict of Interest Policy
Whistleblower Policy
Document Retention Policy

Special Practices & Reported Activities

Operated a School
Operated a Hospital
Provided First Class Travel
Reported Conflict of Interest
Reported Asset Diversion
Excess Benefit Transaction
Made Political Expenditures
Engaged in Lobbying
Operated Donor Advised Fund
Maintained Art Collections
Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
3
$116,862
Total Directors
3
$116,862
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
CHARLIE WELLENSTEIN SECRETARY 1.00
Officer Director
$0 $0 $0
JAMES MORTON PRESIDENT 2.00
Officer Director
$0 $18,698 $116,862
LARRY DEGARMO VICE PRESIDENT 1.00
Officer Director
$0 $0 $0
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2018 $304,490 $1,526,567 No data $-1,222,077
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