2024-08-09T09:34:12-05:00 2023-12-31 463055005 WJ KERO CPAPC PO Box 16894 Missoula MT 598086894 990 2023-01-01 453204921 TRUST MONTANA TRUS 4062015652 22 CENTENNIAL DRIVE ENNIS MT 59729 DAWN CONKLIN EXEC DIRECTOR 4068987636 2024-07-30 1 0 Mark Byington P01772159 4065492288 2023 2024-08-08 14:25:15Z DAWN CONKLIN 22 CENTENNIAL DRIVE ENNIS MT 59729 298117 0 X TRUSTMONTANA.ORG X 2015 MT TRUST MONTANA'S MISSION IS TO PROMOTE COMMUNITY LAND TRUSTS AND HOLD LAND IN TRUST TO FACILITATE WORKFORCE HOUSING, FARMLAND AFFORDABILITY, AND THE PRESERVATION OF VITAL COMMUNITY ASSETS THAT KEEP RURAL AND URBAN AREAS LIVABLE FOR MONTANANS OF VARIED ECONOMIC MEANS. 9 9 0 0 0 0 480705 284389 20561 13480 103 248 0 0 501369 298117 0 0 0 0 200496 196415 0 0 0 57286 55090 257782 251505 243587 46612 865587 1296281 4813 203449 860774 1092832 X TRUST MONTANA'S MISSION IS TO PROMOTE COMMUNITY LAND TRUSTS AND HOLD LAND IN TRUST TO FACILITATE WORKFORCE HOUSING, FARMLAND AFFORDABILITY, AND THE PRESERVATION OF VITAL COMMUNITY ASSETS THAT KEEP RURAL AND URBAN AREAS LIVABLE FOR MONTANANS OF VARIED ECONOMIC MEANS. 0 0 156492 448 PROMOTING COMMUNITY LAND TRUSTS THROUGH EDUCATION, OUTREACH AND CONSULTING. COMMUNITY LAND TRUSTS ARE AN INCREASINGLY POPULAR TOOL FOR CURBING GENTRIFICTION AND DISPLACEMENT OF LOW AND MODERATE INCOME PEOPLE IN THE US. AS A RESULT, TRUST MONTANA RECEIVES MANY REQUESTS FOR ASSISTNCE IN SETTING UP NEW CLT PROJECTS AROUND THE STATE. TRUST MONTANA STAFF PROVIDES TECHNICAL ASSISTANCE TO OTHER NON-PROFITS AS WELL AS MUNICIPALITIES. IN CASES WHERE GRANT FUNDING IS NOT AVAILABLE TO COVER COSTS OF STAFF TIME, TRUST MONTANA DOES NOT CHARGE A FEE TO TECHNICAL ASSISTANCE CLIENTS.TRUST MONTANA ALSO PROVIDES CLT EDUCATION TO A NUMBER OF PROFESSIONALS AROUND THE STATE IN ORDER TO ENSURE THAT BEST PRACTICES ARE FOLLOWED. TRUST MONTANA PROVIDES THIS EDUCATION FREE OF CHARGE DUE TO GRANT FUNDING SPECIFICALLY FOR THIS ACTIVITY. IN 2022 TRUST MONTANA PROVIDED THIS EDUCATION TO LENDERS, TITLE AGENTS, PLANNERS, CITY AND COUNTY OFFICIALS, ATTORNEYS, ECONOMIC DEVELOPMENT GROUPS, PRIVATE DEVELOPERS, REALTORS AND APPRAISERS.IN 2023 TRUST MONTANA HAS BEEN ABLE TO FUND THESE ACTIVITIES WITH GRANTS FROM THE FOLLOWING ENTITIES:CATHOLIC CAMPAIGN FOR HUMAN DEVELOPMENTOP AND WE EDWARDS FOUNDATIONCLEARWATER CREDIT UNIONMJ MURDOCK CHARITABLE TRUSTOTTO BREMER TRUSTMONTANA HEALTHCARE FOUNDATION 5128 13280 AFFORDABLE LAND, LLCAFFORDABLE LAND, LLC IS A SINGLE MEMBER LLC OWNED BY TRUST MONTANA. AFFORDABLE LAND LLC WAS FORMED IN 2019 TO HOLD ALL LAND THAT IS ACQUIRED FOR PERMANENTLY AFFORDABLE PROJECTS OF TRUST MONTANA, INC. PREVIOUSLY LAND WAS HELD IN SEPARATE SINGLE MEMBER LLCs .AFFORDABLE LAND LLC DOES NOT HAVE EMPLOYEES AND EXISTS SOLEY TO HOLD TITLE TO LAND ACQUIRED FOR PERMANENTLY AFFORDABLE HOUSING PROJECTS OF TRUST MONTANA INC. AFFORDABLE LAND LLC OWNS LAND IN SIX AREAS OF THE STATE, WITH A TOTAL OF 24 PERMANENTLY AFFORDABLE HOMES ON THE LAND SO FAR, WITH 20+ ADDITIONAL HOMES SLATED FOR 2024. TRUST MONTANA PARTNERS WITH NON-PROFIT DEVELOPERS TO HAVE THE HOMES BUILT, AND TAKES ON THE LONG-TERM STEWARDSHIP OF THE HOMES ONCE THEY ARE SOLD TO ENSURE THAT THE SUBSIDY INVESTED SERVES MULTIPLE GENERATIONS OF PEOPLE. TRUST MONTANA ARRANGES THE LAND TRANSFER INTO THE LLC, SUPPORTS THE HOME OWNERS OVER THE LONG-TERM, AND OVERSEES ALL RESALES TO NEW LOW INCOME BUYERS TO ENSURE THE HOMES REMAIN AFFORDABLE. CURRENT PARTNERS ARE HABITAT FOR HUMANITY OF GALLATIN VALLEY, HELENA AREA HABITAT FOR HUMANITY, THE RED LODGE AREA COMMUNITY FOUNDATION, , THE CITY OF HELENA, AND HOMEWORD INC.THE PROPERTIES OWNED BY AFFORDABLE LAND LLC ARE LOCATED IN THE FOLLOWING AREAS:1) RED LODGE. TRUSTMONTANA OWNS THE LAND UNDER 8 HOMES IN RED LODGE AND WILL BE ACCEPTING THE TRANSFER OF 8 MORE IN 2023 AND 20242) MONTANA STREET HOMES IN MISSOULA. LOCATED ON MISSOULA MONTANA'S WEST SIDE, THIS PROJECT INCLUDES SIX SINGLE FAMILY HOMES AND A COMMUNITY GARDEN. FIVE TWO BEDROOM HOMES WERE DEVELOPED AND SOLD BY HOMEWORD, INC FOR $120,000 EACH AND A ONE BEDROOM HOME SOLD FOR $100,000.INDIVIDUALS WHO PURCHASED THE HOMES ENTERED INTO A LAND LEASE WITH AFFORDABLE LAND, LLC.. PURCHASERS MUST BE EARNING LESS THAN 80% OF AREA MEDIAN INCOME. MEDIAN HOME PRICE IN MISSOULA WAS $290,000 IN 2018. RESALE IS RESTRICTED TO QUALIFIED BUYERS AS WELL, KEEPING THE HOMES PERMANENTLY AFFORDABLE. 3) LIVINGSTON, WHERE LAND IS HELD UNDER ONE FOUR-BEDROOM HOME THAT WAS DEVELOPED BY HABITAT FOR HUMANITY OF GALLATIN VALLEY AND PURCHASED IN AUGUST OF 2019 BY AN INCOME QUALIFIED PERSON FOR $165,000. HABITAT FOR HUMANITY HOUSING CLT, LLC WAS THE OWNER OF THE LAND BEFORE IT WAS TRANSFERRED INTO AFFORDABLE HOMES, LLC IN NOVEMBER OF 2019. 4) BELGRADE, WHERE AFFORDABLE LAND OWNS TWO PARCELS UNDER THREEHABITAT FOR HUMANITY HOMES WHICH ARE NOW STEWARDED AS PERMANENTLY AFFORDABLE.5) BOZEMAN, WHERE AFFORDABLE LAND OWNS ONE PARCEL UNDER A HABITAT FOR HUMANITY BUILT HOME WHICH IS NOW STEWARDED AS PERMANENTLY AFFORDABLE.6) EAST MISSOULA. AFFORDABLE LAND, LLC ADDED A HOME TO THE PROGRAM IN EAST MISSOULA IN EARLY 2022 THROUGH A NEW PROGRAM WHEREIN TRUST MONTANA PROVIDES LARGE DOWN PAYMENT GRANTS THAT PAYS FOR THE LAND, WHILE THE HOMEBUYER PURCHASES THE IMPROVEMENTS.7) HOME IN HELENA IN PARTNERSHIP WITH HELENA HABITAT FOR HUMANITYAFFORDABLE LAND LLC COLLECTS LEASE FEES FROM EACH HOUSHOLD IN THE AMOUNT OF $30-$40 PER MONTH.AFFORDABLE LAND LLC COLLECTS STEWARDSHIP FEES AT THE TIME OF HOME CLOSINGS IN THE AMOUNT OF $1,000 TO $2,000, AND PLACES THOSE FUNDS INTO A SAVINGS ACCOUNT TO ENSURE THAT FUTURE MAINTENANCE AND OTHER EXPENSES WILL BE COVERED. 161620 1 1 0 0 0 0 0 0 0 0 1 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 1 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 X 9 9 0 0 0 0 1 0 0 1 1 0 0 1 1 1 1 0 1 1 1 0 X X LYN'S BOOKKEEPING AND PAYROLL 4067216268 PO BOX 5822 MISSOULA MT 59806 X SHEILA RICE PRESIDENT 2.00 X X 0 0 0 JO ANN EDER BOARD MEMBER 1.00 X 0 0 0 JESSE DODSON BOARD MEMBER 1.00 X 0 0 0 BOB OAKS SECRETARY 2.00 X X 0 0 0 TATYANA SCHMIDT TREASURER 2.00 X X 0 0 0 LARRY PHILLIPS BOARD MEMBER 1.00 X 0 0 0 TABETHA HEILIG BOARD MEMBER 1.00 X 0 0 0 DOROTHY YOUNG BOARD MEMBER 1.00 X 0 0 0 TOM ZAVITZ BOARD MEMBER 1.00 X 0 0 0 0 0 0 0 0 0 0 0 284389 284389 LEASE FEES 531390 7480 7480 STEWARDSHIP PAYMENTS 531390 6000 6000 13480 248 248 298117 13728 0 0 171723 135245 36478 9736 9736 14956 11423 3533 1700 1700 19572 19572 17443 5795 11648 4063 2697 1366 4000 4000 6460 6460 9 9 1493 1493 MEETING MEALS 350 350 251505 161620 89885 0 93647 324130 62103 78320 400 1052 897820 3989 708385 893831 865587 1296281 1584 1044 200000 3229 2405 4813 203449 X 101257 340001 759517 752831 860774 1092832 865587 1296281 X 46612 -14554 200000 X 0 0 0 X 261176 302957 304890 480705 284388 1634116 261176 302957 304890 480705 284388 1634116 1634116 1 2 2 103 248 356 1634472 68912 0.99980 0.99990 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 893831 893831 3989 3989 0 893831 PAYROLL TAXES PAYABLE 2405 2405 Form 990, Part VI, Section A, line 6 TRUST MONTANA HAS NON-VOTING MEMBERS. Form 990, Part VI, Section B, line 11b AN ELECTRONIC COPY OF THE 990 IS MADE AVAILABLE TO ALL BOARD MEMBERS PRIOR TO FILING Form 990, Part VI, Section B, line 12c BOARD MEMBERS AND EMPLOYEES ANNUALLY FILE CONFLICT OF INTEREST STATEMENTS Form 990, Part VI, Section B, line 15 BOARD OF DIRECTORS APPROVE ALL COMPENSATION Form 990, Part VI, Section C, line 19 TRUST MONTANA'S GOVERNING DOCUMENTS AND CONFLICT OF INTEREST POLICY ARE AVAILABLE ON TRUST MONTANA'S WEBSITE, TRUSTMONTANA.ORG FINANCIAL STATEMENTS ARE MADE AVAILABLE UPON REQUEST Form 990, Part XI, line 9: DEFERRED REVENUE 200,000. AFFORDABLE LAND LLC 117 WEST BROADWAY MISSOULA MT 59802 LAND TRUST MT TRUST MONTANA 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 AFFORDABLE LAND LLC B MARKET VALUE