2025-03-10T11:58:35-07:00 2024-06-30 460592475 FJ & Associates PLLC 612 N Kays Drive Ste 120 Kaysville UT 84037 990 2023-07-01 810522626 HOMEWORD INC HOME 4065324663 1535 LIBERTY LANE 116A MISSOULA MT 59808 KARISSA TRUJILLO Executive Dir. 2025-03-10 true true Melissa Dennis P01290909 8019271337 2023 2025-03-06 01:10:19Z KARISSA TRUJILLO 1535 LIBERTY LANE 116A MISSOULA MT 59808 13199994 false X WWW.HOMEWORD.ORG X 1998 MT HOMEWORD USES SUSTAINABLE METHODS TO PROVIDE SAFE, HEALTHY HOMES THAT PEOPLE CAN AFFORD AND STRENGTHEN THE COMMUNITY THROUGH HOUSING COUNSELING AND EDUCATION. 13 13 13 34 0 1373155 1230793 7211245 11942645 25414 26556 0 8609814 13199994 0 0 1002709 1113172 0 177244 6642898 6201380 7645607 7314552 964207 5885442 58911808 64376198 24857550 24461498 34054258 39914700 X HOMEWORD USES SUSTAINABLE METHODS TO PROVIDE SAFE, HEALTHY HOMES THAT PEOPLE CAN AFFORD AND STRENGTHENS THE COMMUNITY THROUGH HOUSING COUNSELING AND EDUCATION. false false 5977780 5881209 PROPERTY MANAGEMENT:DAILY ACTIVITES 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. 484394 5611681 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 MANAGEMENTS 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. 341247 1042983 ASSET MANAGEMENT:Asset Management is responsible for managing Homeword's owned properties. 293224 221915 7096645 true true false true false false false false false false true false false false false true false true false false false false false false false false false false false false false false false false false false false false false false false false true true true true false false true 6 0 true 13 true false false false false false false false 0 false false false false false false false X 13 13 false false false false false false false true true false false true true true true true true true true false X X FINANCE DIRECTOR 4065324663 1535 LIBERTY LANE 116A MISSOULA MT 59808 KARISSA TRUJILLO Executive Dir. 40.00 1.00 X X 102379 0 0 HEATHER MCMILIN Director 40.00 1.00 X X 94240 0 0 MATT JOSEPH Director 40.00 1.00 X X 90933 0 0 JULIE PAVLISH Director 40.00 1.00 X X 55342 0 0 BETH HAYES President 1.00 0.00 X 0 0 0 MEG HAENN Vice President 1.00 0.00 X X 0 0 0 JESSICA VIZZUTTI Secretary 1.00 0.00 X X 0 0 0 JASON ERICKSON Treasurer 1.00 0.00 X X 0 0 0 ALICE JONES Board Member 1.00 0.00 X 0 0 0 ADRIENNE MAXWELL MEMBER 1.00 0.00 X 0 0 0 BRUCE HAROLDSON Board Member 1.00 0.00 X 0 0 0 GRETCHEN HOOKER Board Member 1.00 0.00 X 0 0 0 JESSICA WELTMAN BOARD MEMBER 0.00 0.00 X 0 0 0 SARA NELSON MEMBER 0.00 0.00 X 0 0 0 MAUREEN RUDE Board Member 1.00 0.00 X 0 0 0 RYAN SEARS MEMBER 0.00 0.00 X 0 0 0 PELAH HOYT Board Member 1.00 0.00 X 0 0 0 342894 1 false false false 0 1230793 1230793 DEVELOPER FEES 531310 2842071 2842071 LOAN INTEREST 531310 944425 944425 OTHER 531310 2568332 2568332 OTHER SERVICES 531310 237887 237887 RENTS 531310 5349930 5349930 11942645 26556 26556 0 0 0 0 0 0 0 0 13199994 11942645 26556 0 0 0 0 342894 342894 0 564065 425777 8797 129491 26610 22553 258 3799 112366 95233 1090 16043 67237 56985 652 9600 363477 363477 0 0 0 0 0 0 48511 30200 18311 19789 17987 1802 14846 9634 5212 0 750612 750612 26792 24761 2031 0 0 733246 733246 0 1539350 1539350 502307 501581 726 OPERATING AND MAINTENANCE 1146095 1146095 ADMIN SUPPORT 892597 889280 3317 F & F REPLACEMENTS 109687 109687 CONTRACT SERVICES 42577 33706 8871 11494 3587 7907 7314552 7096645 40663 177244 2126018 4268426 1928982 2064385 0 1788505 2861465 0 0 16554440 19712475 0 110309 186847 52236841 17648866 35599000 34587975 0 0 800091 689646 0 4463 4979 58911808 64376198 375122 311983 82102 64286 24400326 24085229 24857550 24461498 X 34054258 39914700 34054258 39914700 58911808 64376198 X 5885442 -25000 X false true X true true true X 2674874 1813206 5986694 1373155 3295686 15143615 0 0 2674874 1813206 5986694 1373155 3295686 15143615 0 15143615 25413 25413 25413 25413 25441 127093 0 0 15270708 0.99170 0.97540 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED false false 35 35 1159493 1159528 190953 47738 false 169788 176024 187309 190953 724074 1086111 200 1500 1480 35 3215 42447 44006 46827 47738 181018 271527 200 1500 1480 35 3215 2275443 2275443 48736186 17224447 31511739 60045 4034 56011 616610 369411 247199 548557 50974 497583 34587975 X Part X : FIN48 Footnote 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, 2024. Form 990, Part III, Line 4d OTHER PROGRAM SERVICES 4: ASSET MANAGEMENT:Asset Management is responsible for managing Homeword's owned properties. 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 15a 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 19 Governing documents are available upon request. Form 990, Part XI, Line 9 Noncontrolling interest distributions = -$25000 HW-PHILLIPS STREET LLC 1535 LIBERTY LANE SUITE 116A MISSOULA MT 59808 461112819 Housing MT 67821 468846 HOMEWORD INC FIREWEED COURT LLC 1535 LIBERTY LANE SUITE 116A MISSOULA MT 59808 810514832 Housing MT 119388 494246 HOMEWORD INC LENOX FLATS LLC 1535 LIBERTY LANE SUITE 116A MISSOULA MT 59808 810529264 Housing MT 133911 696735 HOMEWORD INC GOLD DUST LLC 1535 LIBERTY LANE SUITE 116A MISSOULA MT 59808 810541570 Housing MT 185609 1067680 HOMEWORD INC HW INVESTMENT FUND LLC 1535 LIBERTY LANE SUITE 116A MISSOULA MT 59808 273278752 ASSET HOLDING MT 63175 2765108 HOMEWORD INC ACME HISTORIC HOTEL LLC 1535 LIBERTY LANE SUITE 116A MISSOULA MT 59808 752975804 HOUSING MT 213340 2129171 HOMEWORD INC CREEKSIDE APARTMENT LLC 1535 LIBERTY LANE SUITE 116A MISSOULA MT 59808 352602707 HOUSING MT 1839344 12896861 HOMEWORD INC HEARTHSTONE LLC 1535 LIBERTY LANE SUITE 116A MISSOULA MT 59808 301023685 HOUSING MT 729951 3410051 HOMEWORD INC FRASER TOWER LLC 1535 LIBERTY LANE SUITE 116A MISSOULA MT 59808 301136664 HOUSING MT 739548 3813030 HOMEWORD INC SAGE TOWER LLC 1535 LIBERTY LANE SUITE 116A MISSOULA MT 59808 611904582 HOUSING MT 843163 3019246 HOMEWORD INC ORCHARD GARDENS LLC 1535 LIBERTY LANE SUITE 116A MISSOULA MT 59808 201505364 HOUSING MT 340276 4018273 HOMEWORD INC OUELLETTE PLACE LIMITED PARTNERSHIP 1535 LIBERTY LANE SUITE 116A MISSOULA MT 59808 260799160 HOUSING MT 352790 3960375 HOMEWORD INC SOUTHERN LIGHTS LLC 1535 LIBERTY LANE SUITE 116A MISSOULA MT 59808 205064843 HOUSING MT 201427 3113577 HOMEWORD INC HW-CONFLUENCE INC 1535 LIBERTY LANE SUITE 116A MISSOULA MT 59808 272532183 HOLD TITLE MT 501(c)(2) HOMEWORD INC true HW-RB SB 1535 LIBERTY LANE SUITE 116A MISSOULA MT 59808 455292873 HOUSING MT HOMEWORD INC INVESTMENT 25441 832249 false false 0.79000 false false false false false false false false false false true false false false false false false false false HW-CONFLUENCE INC k 83198 CASH