BIG SKY COMMUNITY HOUSING TRUST BSCHT

EIN: 843391892 501(c)(3) Housing & Shelter

BIG SKY, MT

Total Revenue
$2,475,554
Total Expenses
$1,219,926
Total Assets
$6,786,971
Net Assets
$6,642,289
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2019
Legal Domicile
MT
Principal Officer
DAVID O'CONNOR
Phone
4069953696
Tax Period
2023-01-01 to 2023-12-31

BIG SKY COMMUNITY HOUSING TRUST BSCHT, founded in 2019, is a community nonprofit in the Housing & Shelter sector that reported $2.5M in total revenue in fiscal year 2023. Revenue fell 58% from the prior year — a significant decline worth monitoring. The organization ran a surplus of $1.3M, a strong 51% operating margin.

Mission

THE MISSION OF BSCHT IS TO ENHANCE THE AVAILABILITY OF HOUSING TO SUPPORT THE LOCAL WORKFORCE AND ECONOMY. BSCHT HELPED WITH CONSTRUCTION & HOA MANAGEMENT OF MEADOWVIEW, A DEED RESTRICTED CONDOMINIUM DEVELOPMENT FOR LOCAL WORKERS. WE PROVIDED DOWN PAYMENT ASSISTANCE LOANS. BSCHT ALSO WORKS TO INCREASE AFFORDABLE RENTAL OPPORTUNITIES FOR THE COMMUNITY'S WORKFORCE, INCREASE SUPPLY, PROVIDE MINOR PROPERTY MANAGEMENT SUPPORT, AND EDUCATE THE COMMUNITY REGARDING RENTAL OPTIONS.

Program Service Accomplishments

Program 1
Expenses: $619,891 Revenue: $18,750

THE RENT LOCAL PROGRAM offers cash incentives to property owners in exchange for removing their property from the short-term vacation rental pool and making it available for long-term residential...

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THE RENT LOCAL PROGRAM offers cash incentives to property owners in exchange for removing their property from the short-term vacation rental pool and making it available for long-term residential lease to the local workforce. A maximum rent cap, verification of qualified resident, and minimum one-year lease is required by the program. The maximum incentive a property owner may receive is two years. As of December 2022, the program has enlisted 84 properties to house 193 local workforce tenants.

Program 2
Expenses: $204,040

THE GOOD DEEDS PROGRAM seeks to preserve local workforce access to existing residential inventory by purchasing deed restrictions from homebuyers or homeowners. The deed restriction requires...

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THE GOOD DEEDS PROGRAM seeks to preserve local workforce access to existing residential inventory by purchasing deed restrictions from homebuyers or homeowners. The deed restriction requires workforce occupancy and prohibits use of the property for short-term rental in perpetuity. Homebuyers generally utilize the funds for down payment assistance and closing costs. As of December 2023, eight deed restrictions have been purchased under the program.

Program 3
Expenses: $153,094 Revenue: $176,051

Triple Creek Development makes two 3-bedroom single family homes available to the Housing Trust at a minimal cost, for long-term lease to income-qualified (140% AMI) local work force, with rent set...

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Triple Creek Development makes two 3-bedroom single family homes available to the Housing Trust at a minimal cost, for long-term lease to income-qualified (140% AMI) local work force, with rent set at 30% of tenants household income. Net proceeds from the rentals are donated unrestricted to the Housing Trust.

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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 (2023)

Revenue Breakdown

Contributions & Grants $2,221,445
Program Service Revenue $224,142
Investment Income $29,967
Other Revenue $0
TOTAL REVENUE $2,475,554

Expense Breakdown

Grants Paid $0
Salaries & Benefits $259,180
Fundraising Expenses $38,120
Program Expenses $996,846
Other Expenses $960,746
TOTAL EXPENSES $1,219,926

Year-over-Year Comparison

2023 2022 Change
Revenue $2,475,554 $5,878,436 -0.6%
Expenses $1,219,926 $1,532,447 -0.2%
Net Income $1,255,628 $4,345,989 -0.7%
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
10
Independent Members
10
Employees
6
Volunteers
20

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
4
$124,500
Total Directors
10
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
DAVID O'CONNOR Executive Dir. 40.00
Officer
$118,500 $6,000 $124,500
MICHELLE FREDERICK Director 0.50
Director
$0 $0 $0
DAVID BROWN CHAIR 1.00
Officer Director
$0 $0 $0
SHANNON SEARS Director 0.50
Director
$0 $0 $0
RICK SIMKINS VICE CHAIR 1.00
Officer Director
$0 $0 $0
MIA LENNON Director 0.50
Director
$0 $0 $0
KEVIN HINKLE Treasurer 1.00
Officer Director
$0 $0 $0
MARK DEAN Director 0.50
Director
$0 $0 $0
KENNY HOLTZ Director 0.50
Director
$0 $0 $0
STEPHEN BROWN Director 0.50
Director
$0 $0 $0
ELISE CLARK 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 $2,475,554 $1,219,926 $6,786,971 $1,255,628
2022 $5,878,436 $1,532,447 $5,363,358 $4,345,989
2021 $1,010,210 $682,888 $553,869 $327,322
2021 $1,002,334 $298,736 $972,302 $703,598
2020 $341,761 $84,895 $261,116 $256,866
2020 $329,010 $124,894 $225,241 $204,116
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