Overview
What is Big Sky Community Housing Trust Bscht?
Big Sky Community Housing Trust (Bscht) is a nonprofit organization based in Big Sky, Montana. Their primary mission is to enhance the availability of affordable housing for the local workforce, contributing to the community's economy. To achieve this, they purchase deed restrictions from homeowners and homebuyers, securing workforce occupancy and prohibiting short-term rentals. These funds are typically used by homebuyers for down payment assistance and closing costs. As of December 2022, Bscht has purchased seven deed restrictions under this program. The organization also works to increase affordable rental opportunities, supports minor property management, educates the community about rental options, and was involved in the construction and management of a deed-restricted condominium development, Meadowview, for local workers.
Official website here: www.bigskyhousingtrust.com
What are the reviews and ratings of this charity?
Charity Navigator Rating: 87% (Three-Star out of Four Star Rating)
Big Sky Community Housing Trust has received an 87% rating from Charity Navigator, indicating strong performance in accountability and financial management. The organization boasts a perfect score for having an entirely independent board, adherence to critical policies such as conflict of interest and whistleblower protections, and no material diversion of assets. Its impressive program expense ratio of 86.58% reflects a commitment to channeling funds into its core mission.
The nonprofit's financial health is demonstrated by a low liabilities to assets ratio of just 1.12%, signifying stability. With a fundraising efficiency ratio of $0.002, it indicates effective fundraising practices, ensuring that donations are maximally utilized for programming rather than overhead. The organization showcases a solid working capital ratio of 8.30 years, highlighting its capacity to sustain operations over the long term.
While the overall rating is commendable, potential donors may want to explore how program outcomes align with the organization’s financial metrics. Nonetheless, the Big Sky Community Housing Trust appears to be a reliable choice for those looking to support community housing initiatives.
This AI summary has been generated from information found on Charity Navigator.
Is Big Sky Community Housing Trust Bscht legitimate?
Big Sky Community Housing Trust Bscht is a legitimate nonprofit organization registered as a 501(c)(3) entity. Big Sky Community Housing Trust Bscht 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: $119,779
Professional Fundraising Fees: $0
Other Salaries and Wages: $90,821
For more financial information, click here
Official website here: www.bigskyhousingtrust.com
What is the mission statement of Big Sky Community Housing Trust Bscht?
The Big Sky Community Housing Trust (BSCHT) aims to enhance the availability of housing to support the local workforce and economy. One of its initiatives involves construction and management of Meadowview, a deed-restricted condominium development for local workers. Additionally, the trust provides down payment assistance loans. BSCHT also strives to increase affordable rental opportunities for the community's workforce, boost the housing supply, offer minor property management support, and educate the community about rental options.
Official website here: www.bigskyhousingtrust.com
Who is the CEO of Big Sky Community Housing Trust Bscht?
David O'Connor is the Executive Dir. of Big Sky Community Housing Trust Bscht.
Official website here: www.bigskyhousingtrust.com
What is the revenue of Big Sky Community Housing Trust Bscht?
Big Sky Community Housing Trust Bscht's revenue in 2022 was $5,878,436.
Official website here: www.bigskyhousingtrust.com
Who are the executives of Big Sky Community Housing Trust Bscht and what are their salaries?
The average compensation at Big Sky Community Housing Trust Bscht during 2022 was $35,100. There are 6 employees and 20 volunteers at Big Sky Community Housing Trust Bscht.
Here are 12 key members and their salaries:
- Compensation: $83,500
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- Other: $0
- Compensation: $30,000
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- Other: $6,278
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- Other: $0
Official website here: www.bigskyhousingtrust.com
Where can I find the form 990 for Big Sky Community Housing Trust Bscht?
Big Sky Community Housing Trust Bscht's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.bigskyhousingtrust.com
Learn more at the official website: www.bigskyhousingtrust.com
Mission Statement of Big Sky Community Housing Trust Bscht
Big Sky Community Housing Trust (BSCHT) is committed to enhancing the availability of housing to support the local workforce and economy. Their mission is threefold. Firstly, BSCHT engages in the construction and management of affordable housing units, such as Meadowview, a deed-restricted condominium development designed specifically for local workers. Secondly, the organization provides down payment assistance loans to help individuals secure these housing units. Lastly, BSCHT works tirelessly to increase the supply of affordable rental opportunities within the community's workforce. They accomplish this by offering minor property management support and educating the community about their available rental options. By fulfilling this mission, BSCHT plays a crucial role in ensuring that the local workforce has access to affordable housing, thereby contributing to the overall health and stability of the community.
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Impact
July, 2024
Big Sky Community Housing Trust Bscht's impact includes creating affordable housing units for the local workforce through initiatives like The Good Deeds Program. This program preserves local workforce access to existing residential inventory by purchasing deed restrictions from homebuyers or homeowners, ensuring workforce occupancy and prohibiting short-term rentals in perpetuity. Additionally, the organization has provided down payment assistance loans and helped with the construction and HOA management of Meadowview, a deed-restricted condominium development for local workers. Big Sky Community Housing Trust Bscht also works to increase affordable rental opportunities, property management support, and community education on rental options, all in support of the local workforce and economy.
This information is meant to be a general summary of Big Sky Community Housing Trust Bscht. 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: -$9,329
- Program Service Revenue: $113,991
- Gross Receipts: $5,972,550
Assets and Liabilities:
- Total Assets: $5,363,358
- Total Liabilities: $60,381
- Net Assets: $5,302,977
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
MANAGEMENT SERVICES
Revenue
$17,100
PROPERTY MANAGEMENT
Revenue
$96,891
Organization Details
Founding Year
2019
Phone
(406) 995-3696Principal Officer
David O'Connor
Main Address
PO BOX 160164, BIG SKY, MT, 59716
Website
www.bigskyhousingtrust.comNTEE Category
Code: L20 - Housing
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