HOMEWORD INC

EIN: 810522626 501(c)(3) Housing & Shelter

MISSOULA, MT

Total Revenue
$10,262,886
Total Expenses
$9,108,032
Total Assets
$65,077,123
Net Assets
$41,048,998
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1998
Legal Domicile
MT
Principal Officer
KARISSA TRUJILLO
Phone
4065324663
Tax Period
2024-07-01 to 2025-06-30

HOMEWORD INC, founded in 1998, is a mid-sized nonprofit in the Housing & Shelter sector that reported $10.3M in total revenue in fiscal year 2024. Revenue fell 22% from the prior year — a significant decline worth monitoring. Expenses of $9.1M left a modest 11% surplus.

Mission

HOMEWORD USES SUSTAINABLE METHODS TO PROVIDE SAFE, HEALTHY HOMES THAT PEOPLE CAN AFFORD AND STRENGTHENS THE COMMUNITY THROUGH HOUSING COUNSELING AND EDUCATION.

Program Service Accomplishments

Program 1
Expenses: $7,463,568

PROPERTY MANAGEMENT:DAILY ACTIVITES ARE CONTRACTED WITH QUALIFIED THIRD-PARTY PROPERTY MANAGEMENT COMPANIES. HOMEWORD OVERSEES THE ASSET MANAGEMENT OF THE DEVELOPED PROPERTIES INCLUDING REGULATORY...

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PROPERTY MANAGEMENT:DAILY ACTIVITES ARE CONTRACTED WITH QUALIFIED THIRD-PARTY PROPERTY MANAGEMENT COMPANIES. HOMEWORD OVERSEES THE ASSET MANAGEMENT OF THE DEVELOPED PROPERTIES INCLUDING REGULATORY COMPLIANCE AND FINANCIAL MANAGEMENT ONCE HOUSING DEVELOPMENT COMPLETES CONSTRUCTION AND DEVELOPMENT OF THE PROPERTIES.

Program 2
Expenses: $584,035

HOUSING DEVELOPMENT:HOUSING DEVELOPMENT PROVIDES HOMES PEOPLE CAN AFFORD TO FAMILIES WITH LOWER INCOME THROUGH DEVELOPMENT OF SINGLE-FAMILY AND MULTI-FAMILY PROJECTS AND PRESERVATION OF EXISTING...

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HOUSING DEVELOPMENT:HOUSING DEVELOPMENT PROVIDES HOMES PEOPLE CAN AFFORD TO FAMILIES WITH LOWER INCOME THROUGH DEVELOPMENT OF SINGLE-FAMILY AND MULTI-FAMILY PROJECTS AND PRESERVATION OF EXISTING HOMES. DEVELOPMENT IS ALSO RESPONSIBLE FOR THE FORMATION OF TAX CREDIT PARTNERSHIPS AND OTHER LEGAL ENTITIES CREATED FOR THE PURPOSE OF OWNERSHIP AND DEVELOPMENT. COSTS INCLUDE STAFF WAGES, UNRECOUPED EXPENSES ASSOCIATED WITH NEW OR REHABILITATION PREDEVELOPMENT AND CONSTRUCTION MANAGEMENTS COSTS. NEARLY ALL OF DEVELOPMENT INCOME IS GENERATED VIA FEDERAL AND STATE GRANTS AND IS PASSED THROUGH DIRECTLY TO THE PROJECTS IN FORMS OF LOANS AND EQUITY. HOMEWORD RETAINS A PORTION OF ANY DEVELOPER FEE NOT DEFERRED FOR OPERATIONS.

Program 3
Expenses: $420,713

ASSET MANAGEMENT:Asset Management is responsible for managing Homeword's properties.

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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 (2024)

Revenue Breakdown

Contributions & Grants $1,624,795
Program Service Revenue $7,836,406
Investment Income $5,139
Other Revenue $796,546
TOTAL REVENUE $10,262,886

Expense Breakdown

Grants Paid $0
Salaries & Benefits $1,241,264
Fundraising Expenses $192,044
Program Expenses $8,837,058
Other Expenses $7,866,768
TOTAL EXPENSES $9,108,032

Year-over-Year Comparison

2024 2023 Change
Revenue $10,262,886 $13,199,994 -0.2%
Expenses $9,108,032 $7,314,552 +0.2%
Net Income $1,154,854 $5,885,442 -0.8%
Key Indicators
✗ Grants to Organizations ✗ Grants to Individuals ✓ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✗ Schedule B Required
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Governance

Voting Members
17
Independent Members
17
Employees
18
Volunteers
34

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
7
$392,829
Total Directors
17
$392,829
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
KARISSA TRUJILLO Executive Dir. 40.00
Officer Director
$113,858 $0 $113,858
HEATHER MCMILIN Director 40.00
Officer Director
$102,622 $0 $102,622
MATT JOSEPH Director 40.00
Officer Director
$97,631 $0 $97,631
JULIE PAVLISH Director 40.00
Officer Director
$78,718 $0 $78,718
BETH HAYES Board Member 1.00
Director
$0 $0 $0
MEG HAENN Vice President 1.00
Officer Director
$0 $0 $0
JESSICA VIZZUTTI President 1.00
Officer Director
$0 $0 $0
JASON ERICKSON Treasurer 1.00
Officer Director
$0 $0 $0
ALICE JONES Board Member 1.00
Director
$0 $0 $0
ADRIENNE MAXWELL Secretary 1.00
Director
$0 $0 $0
SARA NELSON BOARD MEMBER 0.00
Director
$0 $0 $0
RYAN SEARS BOARD MEMBER 0.00
Director
$0 $0 $0
BRUCE HAROLDSON Board Member 1.00
Director
$0 $0 $0
GRETCHEN HOOKER Board Member 1.00
Director
$0 $0 $0
JESSICA WELTMAN BOARD MEMBER 0.00
Director
$0 $0 $0
MAUREEN RUDE Board Member 1.00
Director
$0 $0 $0
PELAH HOYT Board Member 1.00
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
2025 $10,262,886 $9,108,032 $65,077,123 $1,154,854
2024 $13,199,994 $7,314,552 $64,376,198 $5,885,442
2023 $8,609,814 $7,645,607 $58,911,808 $964,207
2022 $14,897,886 $6,596,407 $58,657,401 $8,301,479
2021 $7,672,156 $5,379,020 $50,405,260 $2,293,136
2020 $7,322,765 $5,519,892 $44,948,385 $1,802,873
2019 $4,683,014 $4,173,990 $41,985,060 $509,024
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