2023-11-13T08:36:42-08:00 2022-12-31 820467399 Rudd & Company PLLC 3805 Valley Commons Dr Ste 7 Bozeman MT 59718 990 2022-01-01 843391892 BIG SKY COMMUNITY HOUSING TRUST BSCHT BIGS 4069953696 PO BOX 160164 BIG SKY MT 59716 DAVID O'CONNOR Executive Director 2023-11-13 true DAVID OCONNOR 999009999 true JULIE KOSTELECKY CPA P00532584 4065853393 2 AAL1 IAL1 FAL1 2022 2023-04-26 12:10:37Z DAVID O'CONNOR PO BOX 160164 BIG SKY MT 59716 5972550 false X www.bigskyhousingtrust.com X 2019 MT CREATE AFFORDABLE HOUSING UNITS FOR LOCAL WORKFORCE. 10 10 6 20 0 910473 5748391 91861 113991 -9329 25383 1002334 5878436 0 0 162913 242937 0 10977 135823 1289510 298736 1532447 703598 4345989 972302 5363358 11838 60381 960464 5302977 X 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. false false 894246 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 2022, seven deed restrictions have been purchased under the program. 384197 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. 68710 96891 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. 61348 17100 1408501 true true false false false false false false false false true false false true true false false false false false false false false false false false false false false false false false false false false false false false true false false false true false false false false true 86 0 true 6 true false false false false false false false 0 false false false false false false false X 10 10 false false false false false false false true true false false true true true true true true true true false X DAVID O'CONNOR 4069953696 PO BOX 160164 BOZEMAN MT 59716 DAVID O'CONNOR Executive Dir. 40.00 0.00 X 83500 0 0 LAURA SEYFANG Executive Dir. 40.00 0.00 X 30000 0 6278 DAVID BROWN CHAIR 1.00 0.00 X X 0 0 0 RICK SIMKINS VICE CHAIR 1.00 0.00 X X 0 0 0 KEVIN HINKLE Treasurer 1.00 0.00 X X 0 0 0 JENNIFER BOUTSIANIS Director 0.50 0.00 X 0 0 0 LINDSAY COLBERT Director 0.50 0.00 X 0 0 0 MARK DEAN Director 0.50 0.00 X 0 0 0 KENNY HOLTZ Director 0.50 0.00 X 0 0 0 CLEVE JOHNSON Director 0.50 0.00 X 0 0 0 STEPHEN BROWN Director 0.50 0.00 X 0 0 0 ELISE CLARK Director 0.50 0.00 X 0 0 0 113500 6278 0 false false false 0 2757092 2991299 2094114 5748391 MANAGEMENT SERVICES 531310 17100 17100 PROPERTY MANAGEMENT 531310 96891 96891 113991 27 27 0 0 0 84758 94114 -9356 -9356 -9356 0 0 0 MISCELLANEOUS REVENUE 900099 25383 25383 25383 5878436 139374 -9329 0 0 0 0 119779 71570 42144 6065 0 90821 74173 13074 3574 0 15932 4681 10738 513 16405 11074 4608 723 0 0 0 0 0 0 44860 30878 13982 2010 418 1570 22 0 8536 25 8511 0 3200 3200 384 384 0 0 0 0 0 0 DEED RESTRICTION PURCHASE 843425 843425 RENT LOCAL PROGRAM EXPENSES 291737 291727 10 Property Management Expenses 61294 60006 1288 RENTAL ASSISTANCE 10000 10000 24064 10524 13460 80 1532447 1408501 112969 10977 539032 608167 9544 0 31887 0 0 0 374000 849750 0 44433 54901 3301994 5000 3301994 0 0 0 0 293 516659 972302 5363358 7588 13590 4250 46791 11838 60381 X 339430 4370345 621034 932632 960464 5302977 972302 5363358 X 4345989 -3476 X true X false true false X 300804 910473 5748391 6959668 0 0 300804 910473 5748391 6959668 9183 6950485 27 27 0 25383 25383 6985078 X 0.00000 RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 3301994 3301994 3301994 RIVERVIEW DEVELOPMENT COSTS 512759 UNDEPOSITED FUNDS 3900 516659 REWARDS PAYABLE 42916 SECURITY DEPOSITS 3875 46791 X 1 94114 FMV X 1 2000000 FMV false false false Form 990, Part III, Line 4d OTHER PROGRAM SERVICES 4: 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. OTHER PROGRAM SERVICES 5: THE RIVERVIEW APARTMENTS PROGRAM INVOLVES THE DEVELOPMENT of two apartment buildings for a total of 25 1-, 2- and 3-bedroom apartments. The development was primarily funded with the federal Low Income Housing Tax Credit (LIHTC) program, and is operated under that programs rules. Apartments are available to income-qualified(60% AMI) families and individuals, with rental rates set at 30% of tenants household income. Occupancy is expected by summer, 2024. Form 990, Part VI, Section B, Line 11b FORM 990 IS REVIEWED CLOSELY BY THE BOARD TREASURER AND EMAILED TO ALL OTHER BOARD DIRECTORS FOR THEIR FEEDBACK. Form 990, Part VI, Section B, Line 12c AT THE BEGINNING OF EVERY BOARD MEETING, ALL DIRECTORS ARE ASKED TO REVEAL ANY CONFLICTS OF INTEREST RELATING TO THAT MEETING'S AGENDA. THIS IS DOCUMENTED IN THE MEETING MINUTES. Form 990, Part VI, Section B, Line 15b COMPENSATION FOR THE EXECUTIVE DIRECTOR IS SET BY THE BOARD GOVERNANCE COMMITTEE AND BASED ON COMPARABLE SALARIES IN THE AREA. Form 990, Part VI, Section C, Line 19 AVAILABLE UPON REQUEST. Form 990, Part XI, Line 9 IRS Penalty = -$3476 BSCHT MEADOWVIEW LLC PO BOX 160164 BIG SKY MT 59716 843391892 Holding land assets MT 2000000 BIG SKY COMMUNITY HOUSING TRUST BSCHT RVA LAND LLC PO BOX 160164 BIG SKY MT 59716 843391892 Holding land assets MT 1814752 BIG SKY COMMUNITY HOUSING TRUST false false false false false false false false false false false false false false false false false false false