Overview
What is Montana Homeownership Network Inc?
Montana Homeownership Network Inc, also known as NeighborWorks Montana, is a nonprofit organization headquartered in Great Falls, Montana. In the fiscal year 2022, they made significant strides in preserving the affordability of 235 homes and created 103 new homeowners through education and financial assistance. Their mission is to create sustainable homeownership opportunities and improve the availability of affordable rentals. With a team of 26 employees, they provide education and financing, empowering every Montanan to live in a home where they can thrive.
Official website here: www.nwmt.org
What are the reviews and ratings of this charity?
Rating from Charity Navigator: 94%, Four-Star out of Four Star rating.
Montana Homeownership Network Inc has achieved an impressive Four-Star rating from Charity Navigator, reflecting strong performance in both accountability and financial health. With a high Program Expense Ratio of 81.15%, the organization effectively directs a significant portion of its resources towards its programs. Additionally, the charity's outstanding constituent feedback metrics demonstrate its commitment to engaging with those it serves, with perfect scores in feedback collection, usage, and overall practices.
While the organization excels in many areas, there is room for improvement in its Culture & Community score, which stands at 83. This suggests that while Montana Homeownership Network Inc maintains a solid operational foundation, enhancing community outreach and engagement strategies could further bolster its impact. Nevertheless, the charity's low Liabilities to Assets Ratio of 37.86% indicates a healthy financial position, allowing it to sustain its programs effectively over the long term.
This AI summary has been generated from information found on Charity Navigator.
What do the Facebook reviews say about Montana Homeownership Network Inc?
100% of 10 reviewers on Facebook recommend Montana Homeownership Network Inc. Here is a summary of their reviews:
The overwhelming sentiment among reviewers is extremely positive, highlighting the organization as a valuable resource for prospective homebuyers. Many users appreciate the program's accessibility, noting how easy it is to qualify for assistance.
Commenters express a sense of satisfaction with the support provided, suggesting that the nonprofit effectively meets the needs of individuals looking to purchase homes. Overall, the organization seems to excel in delivering on its promise to facilitate homeownership opportunities in Montana.
This AI summary has been generated from reviews found on Facebook.
Is Montana Homeownership Network Inc legitimate?
Montana Homeownership Network Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Montana Homeownership Network Inc submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $214,137
Professional Fundraising Fees: $0
Other Salaries and Wages: $865,001
For more financial information, click here
Official website here: www.nwmt.org
What is the mission statement of Montana Homeownership Network Inc?
The Montana Homeownership Network Inc is dedicated to enhancing communities by offering education and financing to help every Montanan attain a home where they can flourish. In the past fiscal year, they successfully preserved the affordability of 235 homes and created 103 new homeowners through education and down payment assistance. Furthermore, 1,331 Montanans graduated from homebuyer education programs. The organization's mission is to strengthen communities by providing opportunities for sustainable homeownership and affordable rentals.
Official website here: www.nwmt.org
Who is the CEO of Montana Homeownership Network Inc?
Kaia Peterson is the President of Montana Homeownership Network Inc.
Official website here: www.nwmt.org
What is the revenue of Montana Homeownership Network Inc?
Montana Homeownership Network Inc's revenue in 2022 was $13,852,588.
Official website here: www.nwmt.org
Who are the executives of Montana Homeownership Network Inc and what are their salaries?
The average compensation at Montana Homeownership Network Inc during 2022 was $41,505. There are 26 employees and 17 volunteers at Montana Homeownership Network Inc.
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- Compensation: $95,542
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- Compensation: $104,043
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- Other: $5,202
Official website here: www.nwmt.org
Where can I find the form 990 for Montana Homeownership Network Inc?
Montana Homeownership Network Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.nwmt.org
Learn more at the official website: www.nwmt.org
Mission Statement of Montana Homeownership Network Inc
Montana Homeownership Network Inc, a leading nonprofit organization, is on a mission to strengthen communities by providing education and financing that enables every Montanan to thrive in a stable home. The organization's vision is to create sustainable homeownership opportunities and improve the availability of affordable rentals.
In practice, Montana Homeownership Network Inc preserves the affordability of existing homes, allowing more people to remain in their communities. During fiscal year 2022, they successfully preserved the affordability of 235 homes. This commitment extends beyond homeowners, as the organization also works to increase the number of affordable rentals.
With a focus on empowering individuals, Montana Homeownership Network Inc offers education and down payment assistance to help create 103 new homeowners. Their dedication to ensuring Montanans have access to the resources they need does not stop there—they also graduated 1,331 individuals from their homebuyer education program.
By providing essential education and financial support, Montana Homeownership Network Inc is making a difference in the lives of Montanans, enabling them to secure a place they can call their own. The organization's unwavering commitment to its mission is essential in creating thriving communities across Montana.
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Impact
October, 2024
Montana Homeownership Network Inc significantly enhances housing stability and affordability across the state. In the fiscal year 2022, the organization preserved the affordability of 235 homes, ensuring that these properties remain accessible to families in need. It also facilitated the creation of 103 new homeowners through education and down payment assistance programs, which empower individuals with the knowledge and financial resources to achieve homeownership.
Additionally, 1,331 Montanans graduated from homebuyer education programs, equipping them with vital skills and information necessary for navigating the home buying process. By fostering sustainable homeownership opportunities and improving the availability of affordable rentals, the Montana Homeownership Network Inc plays a crucial role in strengthening communities and enhancing quality of life for many residents in Great Falls and beyond.
This information is meant to be a general summary of Montana Homeownership Network Inc. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Investment Income: $12,514
- Program Service Revenue: $1,733,177
- Gross Receipts: $13,852,588
Assets and Liabilities:
- Total Assets: $42,780,327
- Total Liabilities: $16,203,977
- Net Assets: $26,576,350
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
CONTRACT INCOME
Revenue
$772,906
INTEREST ON LOANS
Revenue
$656,771
OTHER REVENUE
Revenue
$186,271
CONFERENCE INCOME
Revenue
$64,123
LOAN FEES
Revenue
$53,106
Organization Details
Founding Year
2001
Phone
(406) 604-4500Principal Officer
Kaia Peterson
Main Address
17 5TH STREET SOUTH, GREAT FALLS, MT, 59401
Website
www.nwmt.orgNTEE Category
Code: L20 - Housing
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