JACKSON HOLE COMMUNITY HOUSING TRU… - Form 990 Financial Data

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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year

1991

Legal Domicile

Principal Officer

ANNE CRESSWELL

Phone

3077390665

Tax Period

2023-01-01 to 2023-12-31

JACKSON HOLE COMMUNITY HOUSING TRUST, founded in 1991, is a mid-sized nonprofit that reported $10.1M in total revenue in fiscal year 2023. Revenue surged 27% from the prior year, signaling strong growth momentum. The organization ran a surplus of $8.0M, a strong 79% operating margin.

Mission

JACKSON HOLE COMMUNITY HOUSING TRUST (HOUSING TRUST) IS DEDICATED TO THE PROVISION, MANAGEMENT AND ADMINISTRATION OF AFFORDABLE RENTAL AND OWNERSHIP HOUSING IN TETON COUNTY, WYOMING AND LESSENING THE BURDEN OF GOVERNMENT FOR ANY GOVERNMENTAL ENTITY THAT DETERMINES ASSISTING ITS EMPLOYEES AND RELATED SUPPORTIVE PERSONNEL TO OBTAIN OWNERSHIP AND RENTAL HOUSING OPPORTUNITIES IS A GROWING BURDEN OF SUCH GOVERNMENTAL ENTITY AND PART OF ITS GOVERNMENTAL FUNCTION, AND THAT THERE IS A STRONG NEED FOR THE ASSISTANCE OF THE HOUSING TRUST IN MEETING SUCH NEED.

Program Service Accomplishments

Program 1

Expenses: $1,014,518 Revenue: $728,006

Jackson Hole Commuinty Housing Trust (The Housing Trust) owns and manages 34 affordable rental units in Jackson, WY: 28 units at Redmond Street Rentals was developed by the Housing Trust in 2018; two units at 630 East Kelly and 3950 W Pony were donated to the Housing Trust in 2023; and a four unit apartment building located at 225 East Hansen, along with additional land at 235 East Hansen which is affordably leased to seven mobile homeowners, was acquired in 2021. The Housing Trust is responsible for the annual re-qualification of each household, lease preparation and execution as well as the financial management of all aspects of the property, including the procurement and payment of utilities, insurance, negotiating contracts with snow removal and landscaping partners and annual budgeting. The Housing Trust is also responsible for the replacement reserves for each rental development, as well as maintenance of each property. In addition, each time a rental unit turns over, Housing Trust staff facilitates the re-leasing of the unit and selects a new income qualified tenant to lease the unit for a minimum 12-month term.

Program 2

Expenses: $442,673 Revenue: $182,606

Since 1991, the Housing Trust has developed or acquired 150 homes for sale. The affordability of each home is protected in perpetuity by a 99-year ground lease or special restriction recorded against the property. Central to the stewardship of these assets are the management and administration of the restriction associated with each home. In concert with this scope of work, staff ensures that the Housing Trust legal, financial and lending guidelines are current with federal requirements. In addition, each time a Housing Trust home is sold or re-sold, Housing Trust staff works to ensure every buyer is income qualified and educated about deed restricted housing and then successfully facilitates the sale. To quickly facilitate the lease or sale of an affordable home, the Housing Trust actively manages a growing database of income-qualified applicants - currently near 1,500 active household applications. Every applicant to the Housing Trust program is required to complete a comprehensive application in order to be considered for an affordable housing opportunity.

Program 3

As the need for affordable housing in Teton County grows, the Housing Trust works to add to its inventory of affordable housing for rent and for sale. As a not-for-profit developer of affordable...

As the need for affordable housing in Teton County grows, the Housing Trust works to add to its inventory of affordable housing for rent and for sale. As a not-for-profit developer of affordable housing this scope includes, but is not limited to, land acquisition; preconstruction due diligence; financial analysis; coordinating architects, engineers, and contractors; budget development and fundraising. In 2023, the Housing Trust's development efforts were focused on the development of 20 affordable homes at 620 East Hansen. Specifically, Housing Trust staff worked to finalize the site and unit design, develop a comprehensive project budget, secure construction financing, and fundraise the subsidy required to ensure the homes are affordable for income qualified buyers. All pre-development efforts were driving toward a spring 2024 groundbreaking.

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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%)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $10,509,509

Program Service Revenue $881,620

Investment Income $-1,267,148

Other Revenue $0

TOTAL REVENUE $10,123,981

Expense Breakdown

Grants Paid $0

Salaries & Benefits $765,927

Fundraising Expenses $376,068

Program Expenses $1,457,191

Other Expenses $1,326,833

TOTAL EXPENSES $2,092,760

Year-over-Year Comparison

	2023	2022	Change
Revenue	$10,123,981	$7,953,283	+0.3%
Expenses	$2,092,760	$1,929,783	+0.1%
Net Income	$8,031,221	$6,023,500	+0.3%

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

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Financial Distress Indicator

Liquidity & Cash Position

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

Governance

Voting Members

Independent Members

Employees

Volunteers

N/A

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

$180,044

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ANNE CRESSWELL	Executive Dir.	40.00	Officer	$174,800	$5,244	$180,044
LANNIE HOGLUND	Director	0.50	Director	$0	$0	$0
ALEXIS DITTMER	Vice President	1.00	Officer Director	$0	$0	$0
ETHAN STEINBERG	Director	0.50	Director	$0	$0	$0
JULIE FERGUSON	Director	0.50	Director	$0	$0	$0
DALE HOYT	Secretary	1.00	Officer Director	$0	$0	$0
VAN DAVIS	Director	0.50	Director	$0	$0	$0
BERTE HIRSCHFIELD	President	1.00	Officer Director	$0	$0	$0
JOHN D MILLHAM	Director	0.50	Director	$0	$0	$0
DEBORAH RAMO	Director	0.50	Director	$0	$0	$0
AMY MINELLA	Treasurer	1.00	Officer Director	$0	$0	$0
SHELLY HOLLAND	Director	0.50	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
2024	No data	No data	No data	No data
2023	$10,123,981	$2,092,760	$43,371,552	$8,031,221
2022	$7,953,283	$1,929,783	$35,506,842	$6,023,500
2021	$12,690,732	$1,897,633	$38,036,756	$10,793,099
2020	$3,247,675	$1,770,770	$20,586,780	$1,476,905
2019	$952,977	$1,688,528	$15,505,033	$-735,551
2018	$521,221	$787,276	$15,716,536	$-266,055

JACKSON HOLE COMMUNITY HOUSING TRUST