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Headwaters Community Housing Trust

Learn about this cause: Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 851374727 ✦ Bozeman, MT ✦ Designated as a 501(c)(3)

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Overview

What is Headwaters Community Housing Trust?

Headwaters Community Housing Trust, based in Bozeman, Montana, is a dedicated nonprofit organization that prioritizes addressing affordable housing issues at a community level. Embracing a hands-on approach, they empower individuals and families by promoting homeownership. The trust's primary mission involves increasing and preserving the local supply of permanently affordable housing, extending this support to middle-income households in Bozeman. With a small team of two dedicated employees, Headwaters Community Housing Trust plays an essential role in addressing the city's affordable housing challenges.


Official website here: www.headwatershousing.org

Is Headwaters Community Housing Trust legitimate?

Headwaters Community Housing Trust is a legitimate nonprofit organization registered as a 501(c)(3) entity. Headwaters Community Housing Trust 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: $23,149
Professional Fundraising Fees: $0
Other Salaries and Wages: $38,472

For more financial information, click here


Official website here: www.headwatershousing.org

What is the mission statement of Headwaters Community Housing Trust?

The Headwaters Community Housing Trust focuses on increasing and preserving the availability of permanently affordable housing, particularly for middle-income households. Employing a community-driven approach, the organization aims to empower individuals and families by promoting homeownership as a means to address the issue of affordable housing.


Official website here: www.headwatershousing.org

Who is the CEO of Headwaters Community Housing Trust?

Randy Carpenter is the President of Headwaters Community Housing Trust.


Official website here: www.headwatershousing.org

What is the revenue of Headwaters Community Housing Trust?

Headwaters Community Housing Trust's revenue in 2022 was $2,001,555.


Official website here: www.headwatershousing.org

Who are the executives of Headwaters Community Housing Trust and what are their salaries?

The average compensation at Headwaters Community Housing Trust during 2022 was $30,810. There are 2 employees and 9 volunteers at Headwaters Community Housing Trust.


Here are 11 key members and their salaries:


Carson Taylor (President)
  • Compensation: $0
  • Related: $0
  • Other: $0
John Taylor (Vice President)
  • Compensation: $0
  • Related: $0
  • Other: $0
Andrea Kavert (Treasurer)
  • Compensation: $0
  • Related: $0
  • Other: $0
Christine Walker (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Marisa Owen (Secretary)
  • Compensation: $0
  • Related: $0
  • Other: $0
Mark Chavez (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Adrian Advincula (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Mindy Decosse (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Randy Carpenter (Former Treasurer)
  • Compensation: $0
  • Related: $0
  • Other: $0
Michael Brown (Former Executive Director)
  • Compensation: $108,900
  • Related: $0
  • Other: $0
Randy Carpenter (Executive Director)
  • Compensation: $23,149
  • Related: $0
  • Other: $0


Official website here: www.headwatershousing.org

Where can I find the form 990 for Headwaters Community Housing Trust?

Headwaters Community Housing Trust's most recent form 990 was submitted in 2022 and can be accessed here.


Official website here: www.headwatershousing.org

Learn more at the official website: www.headwatershousing.org

Mission Statement of Headwaters Community Housing Trust

Headwaters Community Housing Trust, as a nonprofit organization, is dedicated to increasing and preserving the local supply of permanently affordable housing, specifically for middle-income households. This mission is a community-driven approach aimed at empowering individuals and families by promoting homeownership. The trust takes a holistic approach to address the issue of affordable housing, focusing on the needs of the community and striving to bridge the gap for the 'missing middle-income' households.

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Impact




July, 2024

Headwaters Community Housing Trust in Bozeman, MT, is dedicated to increasing and preserving the local supply of permanently affordable housing, particularly for "missing middle-income" households. By taking a community-based approach, HCHT empowers individuals and families through homeownership opportunities. Its impact is seen in the tangible difference it makes in creating a more affordable and stable housing market in Bozeman, MT, ultimately improving the living conditions and financial security of residents in the area.




This information is meant to be a general summary of Headwaters Community Housing Trust. 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.

Revenue
$2,001,555 (2022)
Expenses
$483,061 (2022)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Investment Income: -$279,257
  • Program Service Revenue: $1,963,674
  • Gross Receipts: $3,402,599

Assets and Liabilities:

  • Total Assets: $29,863,497
  • Total Liabilities: $18,368,987
  • Net Assets: $11,494,510

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Programs

Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.

PROGRAM PROCEEDS FOR BELOW MARKET

Revenue

$1,963,674

Organization Details

Founding Year

2020

Principal Officer

Randy Carpenter

Main Address

321 E MAIN ST OFFICE 416B, BOZEMAN, MT, 597154797

NTEE Category

Code: L20 - Housing

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