2023-11-13T12:13:24-06:00 2023-06-30 822385704 Peterson CPA Group PC PO Box 5667 Missoula MT 59806 990 2022-07-01 810522626 Homeword Inc HOME 4065324663 1535 Liberty Lane 116A Missoula MT 59808 Andrea Davis Executive Director 4065324663 2023-11-13 1 Andrea Davis 999009999 0 Dan Peterson P00910393 4069261800 2023-11-13 0 AAL1 IAL1 2022 2023-04-26 12:10:37Z Andrea Davis 1535 Liberty Lane 116A Missoula MT 59808 8609814 0 X www.homeword.org X 1998 MT Homeword uses sustainable methods to provide safe, healthy homes that people can afford and strengthens the community through housing counseling and education. 16 16 18 50 0 0 5986694 1373155 8885779 7211245 25413 25414 0 0 14897886 8609814 0 0 0 0 893957 1002709 0 0 118338 5702450 6642898 6596407 7645607 8301479 964207 58657401 58911808 25562100 24857550 33095301 34054258 X Homeword uses sustainable methods to provide safe, healthy homes that people can afford and strengthens the community through housing counseling and education. 0 0 6404184 5816894 PROPERTY MANAGEMENT:Daily activities 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. 445688 721836 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 management 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. 276596 318994 HOME OWNERSHIP CENTER:Homeword's Home Ownership Center provides a variety of counseling and education services to people living with low to moderate incomes at no cost, including homebuyer, financial and renter education and counseling. Since 1997, Homeword has empowered over 19,500 people. Costs associated with the Home Ownership Center include staff wages, office space rent, training supplies, child care, and other costs incurred in providing the training and counseling services. 320042 353521 ASSET MANAGEMENT:Asset Management is responsible for managing Homeword's properties. 320042 353521 7446510 1 1 0 1 0 0 0 0 0 0 1 0 0 0 0 1 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 1 1 1 0 0 1 4 0 1 18 1 0 0 0 0 0 0 0 0 0 0 0 0 X 16 16 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 X X Matt Joseph 4065324663 1535 Liberty Lane 116A Missoula MT 59808 Beth Hayes President 1.00 X X 0 0 0 Meg Haenn Vice President 1.00 X X 0 0 0 Jessica Vizzutti Secretary 1.00 X X 0 0 0 Jason Erickson Treasurer 1.00 X X 0 0 0 Alice Jones Past President 1.00 X X 0 0 0 Adrienne Maxwell Board Member 1.00 X 0 0 0 Allison Walsh Board Member 1.00 X 0 0 0 Ben Bach Board Member 1.00 X 0 0 0 Bruce Haroldson Board Member 1.00 X 0 0 0 Gretchen Hooker Board Member 1.00 X 0 0 0 Sara Nelson Board Member 1.00 X 0 0 0 Ryan Sears Board Member 1.00 X 0 0 0 Maureen Rude Board Member 1.00 X 0 0 0 Kaia Peterson Board Member 1.00 X 0 0 0 Jessica Allred Board Member 1.00 X 0 0 0 Pelah Hoyt board Member 1.00 X 0 0 0 Andrea Davis Executive Director 40.00 1.00 X 113731 0 0 Matt Joseph Finance Director 40.00 1.00 X 89808 0 0 Karissa Trujillo Deputy Director 40.00 1.00 X 83495 0 0 Heather McMilin Project Development Director 40.00 X 92874 0 0 379908 0 0 1 0 0 0 0 1373155 1373155 Rents 531310 5149732 5149732 Developer Fees 531310 688825 688825 Other Services 531310 607629 607629 Fees for Services 531310 404738 404738 Loan Interest 531310 363220 363220 -2899 -2899 7211245 25414 25414 8609814 7211245 0 25414 456628 456274 354 347195 236782 3636 106777 11614 9686 1928 151312 128620 22692 35960 27422 8538 24645 13084 11561 20619 16194 4425 15620 10227 5393 882758 873360 9398 29107 26928 2179 854086 854086 1532451 1530744 1707 497027 496357 670 Admin support 1083291 1080898 2393 Operating & maintenance 1067011 1067011 Management fees 341804 341804 0 F&F Replacements 219446 219446 0 75033 57587 17446 7645607 7446510 80759 118338 2878485 2126018 1835305 1928982 1205435 1788505 15111441 16554440 6370 0 96183 110309 51741638 16142638 36572906 35599000 948776 800091 2500 4463 58657401 58911808 348194 375122 101381 82102 25112525 24400326 25562100 24857550 X 33095301 34054258 33095301 34054258 58657401 58911808 X 964207 -5250 X 0 1 X 1 1 1 X 831122 2674874 1813206 5986694 1373155 12679051 831122 2674874 1813206 5986694 1373155 12679051 193451 12485600 19236 25413 25413 25413 25414 120889 12799940 0.97540 0.95310 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 0 0 1123085 1123085 187309 46827 0 0 182160 169788 176024 187309 715281 1072922 200 200 1500 1900 45540 42447 44006 46827 178820 268230 200 200 1500 1900 2315689 2315689 48745270 15658359 33086911 680679 484279 196400 35599000 X Part X, Line 2: Homeword, Inc. is exempt from income tax under provisions of Section 501(c)(3) of the Internal Revenue Code. This code enables the organization to accept donations that qualify for charitable contributions to the donor. Income from certain activities not directly related to the organization's tax-exempt purpose is subject to taxation as unrelated business income. Homeword, Inc. did not have any income tax related to unrelated business income for the year ended June 30, 2023. Form 990, Part VI, Section B, line 11b The board finance committee reviews a draft of the Form 990 and the full board reviews and approves the Form 990 upon recommendation from the finance committee before the Form 990 is filed. Form 990, Part VI, Section B, line 12c Board members are required to disclose any conflicts of interest annually. The organization monitors the policies in place, documents, and takes corrective action as necessary. Form 990, Part VI, Section B, line 15 Comparability data, budget constraints, and industry standards are used when evaluating employee compensation. Upper management utilizes a reasonable pay matrix and annually evaluates all employees based on productivity and merit. Form 990, Part VI, Section C, line 18 The Form 1023, 990, and 990-T, if applicable, are made available on the organization's website or upon request. Form 990, Part VI, Section C, line 19 Governing documents are available upon request. Form 990, Part XI, line 9: Noncontrolling interest distributions -5,250. 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