2023-11-15T08:25:59-08:00 2022-12-31 822140628 Bement & Company 380 N 200 W Ste 112 Bountiful UT 84010 990 2022-01-01 830297131 JACKSON HOLE COMMUNITY HOUSING TRUST JACK 3077390665 PO BOX 4498 JACKSON WY 83001 ANNE HAYDEN CRESSWELL Executive Director 2023-11-15 true ANNE HAYDEN CRESSWELL 999009999 true BRENT J BEMENT P01259774 8019361900 2 AAL1 IAL1 FAL1 2022 2023-04-26 12:10:37Z ANNE CRESSWELL PO BOX 4498 JACKSON WY 83001 21384216 false X WWW.HOUSINGTRUSTJH.ORG X 1991 WY SEE SCHEDULE O 11 11 5 0 11016826 9621511 752533 847802 921373 -2516030 0 12690732 7953283 0 0 439601 748250 0 317104 1458032 1181533 1897633 1929783 10793099 6023500 38036756 35506842 15867347 5981128 22169409 29525714 SEE SCHEDULE O false false 1007216 The Housing Trust owns and manages 28 affordable rental units which comprise the Redmond Street Rentals.The Housing Trust owns and manages 5 affordable rental units at 225 East Hansen and 620 East Hansen. 390723 Since 1991, the Housing Trust has developed or acquired 183 homes. Central to the stewardship of these assets are the management and administration of the Ground Leases and Special Restrictions 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 to stewardship of the homes developed and acquired by the Housing Trust over the years, significant staff time each year is also dedicated to predevelopment efforts to assess project viability including but not limited to land acquisition, preconstruction due diligence, financial analysis, partnership identification and collaboration, and fundraising. The Housing Trust previously purchased land which is currently leased to mobile homeowners. During the 2022 year, the Housing Trust completed the construction of 24 residential Condo units and 2 commercial units in Jackson, WY as part of their affordable home ownership program. Upon their completion, the residential units were sold to qualifying home buyers. The $(2,519,385) loss reported in Part VIII on line 7d represents the loss incurred on the sale of the residential and commercial units. The loss represents a subsidy to the qualified home buyers as they were able to purchase the units at a significantly more affordable price than they otherwise would have found on the open market or if they paid for the full cost of construction. The $(2,519,385) is netted with $3,355 of investment income to equal the loss reported on line 10 of Part I. 1397939 true true false false false false false false false false true false false true true true true false false false false false false false false false false false false true false false false false false false false false true false false false true false false false false true 24 0 true 5 true false false false false false false false 0 false false false false false false false X 11 11 false false false false false false false true true false false true true true true true true true true false X X ANNE HAYDEN CRESSWELL 3077390665 PO BOX 4498 JACKSON WY 830014498 ANNE CRESSWELL Executive Dir. 40.00 0.00 X 169800 0 9210 ALEXIS DITTMER Vice Chairwoman 1.00 0.00 X X 0 0 0 DALE HOYT Secretary 1.00 0.00 X X 0 0 0 LANNIE HOGLUND Director 0.50 0.00 X 0 0 0 VAN DAVIS Director 1.00 0.00 X 0 0 0 BERTE HIRSCHFIELD Chairwoman 1.00 0.00 X X 0 0 0 AMY MINELLA Treasurer 1.00 0.00 X X 0 0 0 DEBORAH RAMO Director 0.50 0.00 X 0 0 0 ETHAN STEINBERG Director 0.50 0.00 X 0 0 0 SHELLY HOLLAND Director 0.50 0.00 X 0 0 0 169800 9210 1 false true false 0 235714 3486124 5899673 8145301 9621511 APPLICATION FEES 5836 5836 GROUND LEASE FEES 119984 119984 MANAGEMENT FEE 15396 15396 RENTAL INCOME 689298 689298 UNIT TRANSFER FEES 9842 9842 7446 7446 847802 3355 3355 0 0 0 10911548 13430933 -2519385 -2519385 -1984508 -534877 0 0 0 0 7953283 -1136706 -531522 0 0 0 0 179010 89505 26852 62653 0 460000 289500 81500 89000 12164 7648 2153 2363 33035 20092 5706 7237 64041 38071 10877 15093 0 6517 2458 4059 82900 51225 31675 0 0 0 12061 12061 122937 122937 29736 14868 9511 5357 4920 2460 1230 1230 0 30480 15240 7620 7620 1033 1033 0 0 197511 197511 0 390922 380081 7227 3614 56025 44761 11264 GROUND LEASE EXPENSE 125211 125211 RENTAL UNIT EXPENSES 113312 113312 CANCELED PROJECT EXPENSES 4681 4681 OTHER 3287 1315 1972 0 1929783 1397939 214740 317104 X 0 2692535 3700776 70000 27925 0 0 0 0 0 29288 42919 27080372 1639449 22484797 25440923 0 0 0 46000 12760136 6248299 38036756 35506842 1846344 159560 695557 638773 11417789 3570534 1907657 1612261 15867347 5981128 X 15790638 22426216 6378771 7099498 22169409 29525714 38036756 35506842 6023500 1332805 X false true X true false X 192131 346708 2347619 1655757 1483711 6025926 0 0 192131 346708 2347619 1655757 1483711 6025926 1539863 4486063 1424 2756 9020 1191 3355 17746 0 0 6043672 15254611 0.74230 0.86590 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 16737809 16737809 10178828 1570427 8608401 88913 25257 63656 16941 8623 8318 57881 35142 22739 25440923 174 N K CAPITALIZED COSTS 600/610/620 EAST HANSEN CAPITALIZED COST 132082 HMEOWNR MORTGE SPRT RECVBLE-PRM RSTRICTD 141070 HORSE CREEK CAPITALIZED COSTS 100676 LAND & HOUSE HELD FOR SALE 4792653 NPS CAPITALIZED COSTS 167877 OTHER CAPITALIZED COSTS RIGHT OF USE ASSET 913941 6248299 LEASE LIABILITY 1541190 SECURITY DEPOSITS 71071 1612261 X 7953283 7953283 7953283 1814390 1814390 115393 115393 1929783 Part X : FIN48 Footnote THE HOUSING TRUST HAS NO UNRECOGNIZED TAX BENEFITS AND NO UNCERTAIN TAX POSITIONS FOR THE YEAR. Part XII, Line 4b: Other revenue amounts included on 990 but not included in F/S DEPRECIATION RENTAL UNITS - RSR $100961 DEPRECIATION RENTAL UNITS - HANSEN $14432 X X X X false false false false false false false false false ANNE CRESSWELL Executive Dir. 150000 19800 4410 4800 179010 X 1 4777800 COUNTY RECORDS X 1 3360000 APPRAISAL X LOBBY FURNITURE 1 7501 STORE RECEIPT false false false Form 990, Part VI, Section B, Line 11b Draft of Form 990 is provided to the Executive Director as well as to the Housing Trust's CPA for review and approval in advance of the extended due date of the tax return. All staff questions are answered and addressed by requisite consultants as appropriate. Recommended changes are then incorporated into the final tax return which is filed by the extended due date. The final Form 990 is presented by the Housing Trust's CPA to the full Board at the next regularly scheduled meeting of the Board of Directors. Form 990, Part VI, Section B, Line 12c EACH FISCAL YEAR, EACH DIRECTOR WILL MAKE A FULL, WRITTEN DISCLOSURE OF INTERESTS, RELATIONSHIPS, AND HOLDINGS THAT COULD POTENTIALLY RESULT IN A CONFLICT OF INTEREST. IN THE COURSE OF MEETINGS OF THE BOARD, EACH DIRECTOR IS REQUIRED TO DISCLOSE ANY INTEREST IN A TRANSACTION WHERE THERE COULD BE A CONFLICT OF INTEREST. THE DIRECTOR WILL NOT BE PERMITTED TO VOTE ON THE QUESTION AND THE DIRECTOR WILL BE ASKED TO LEAVE THE ROOM FOR THE FINAL DISCUSSION. ALL NAMES, DISCLOSURES AND DISCUSSION POINTS AND DECISIONS ARE RECORDED IN THE MEETING MINUTES. Form 990, Part VI, Section B, Line 15a THE BOARD OF DIRECTORS IS REQUIRED TO ADHERE TO THE FOLLOWING PROCESS WHEN REVIEWING AND APPROVING THE COMPENSATION PACKAGE OF THE EXECUTIVE DIRECTOR: ALL DECISION MAKERS OF THE BOARD MUST BE IMPARTIAL AND MUST NOT HAVE A CONFLICT OF INTEREST WITH THE EMPLOYEE; THE BOARD MUST RELY ON COMPARABILITY DATA THAT DEMONSTRATES THE FAIR MARKET VALUE OF THE COMPENSATION OF SIMILARLY QUALIFIED INDIVIDUALS IN LIKE POSITIONS AT LIKE ORGANIZATIONS; THE BOARD MUST DOCUMENT HOW IT REACHED ITS DECISIONS, THE TERMS OF THE COMPENSATION PACKAGE, THE DATE APPROVED AND THE MEMBERS OF THE BOARD WHO PARTICIPATED IN THE DISCUSSION AND FINAL DECISION. MINUTES MUST INCLUDE THE DATA ON WHICH THE BOARD RELIED. Form 990, Part VI, Section B, Line 15b THE BOARD OF DIRECTORS IS REQUIRED TO ADHERE TO THE FOLLOWING PROCESS WHEN REVIEWING AND APPROVING THE COMPENSATION PACKAGE OF ANY OTHER HIGHLY COMPENSATED EMPLOYEE: ALL DECISION MAKERS OF THE BOARD MUST BE IMPARTIAL AND MUST NOT HAVE A CONFLICT OF INTEREST WITH THE EMPLOYEE; THE BOARD MUST RELY ON COMPARABILITY DATA THAT DEMONSTRATES THE FAIR MARKET VALUE OF THE COMPENSATION OF SIMILARLY QUALIFIED INDIVIDUALS IN LIKE POSITIONS AT LIKE ORGANIZATIONS; THE BOARD MUST DOCUMENT HOW IT REACHED ITS DECISIONS, THE TERMS OF THE COMPENSATION PACKAGE, THE DATE APPROVED AND THE MEMBERS OF THE BOARD WHO PARTICIPATED IN THE DISCUSSION AND FINAL DECISION. MINUTES MUST INCLUDE THE DATA ON WHICH THE BOARD RELIED. Form 990, Part VI, Section C, Line 19 THE FOLLOWING DOCUMENTS OF THE ORGANIZATION ARE MADE AVAILABLE TO THE PUBLIC UPON REQUEST: FORM 1023 APPLICATION OF EXEMPTION, IRS DETERMINATION LETTER OF EXEMPTION, ANY AND ALL FORM 990'S, THE CONFLICT OF INTEREST POLICY OF THE ORGANIZATION, ARTICLES OF INCORPORATION, AND THE BYLAWS. FORM 990, PART I LINE 1 & PART III LINE 1 - ORGANIZATION'S 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. REDMOND STREET RENTALS LLC PO BOX 4498 JACKSON WY 83001 820884048 AFFORDABLE HOUSING LEASING WY 557384 8456716 JACKSON HOLE COMMUNITY HOUSING TRUST false false false false false false false false false false false false false false false false false false false