2024-11-14T15:13:11-08:00 2023-12-31 820467399 Rudd & Company PLLC 3805 Valley Commons Dr Ste 7 Bozeman MT 59718 990 2023-01-01 843391892 BIG SKY COMMUNITY HOUSING TRUST BSCHT BIGS 4069953696 PO BOX 160164 BIG SKY MT 59716 DAVID O'CONNOR Executive Director 2024-11-14 true true JULIE KOSTELECKY CPA P00532584 4065853393 2023 2024-10-15 13:58:12Z DAVID O'CONNOR PO BOX 160164 BIG SKY MT 59716 2475554 false X www.bigskyhousingtrust.com X 2019 MT CREATE AFFORDABLE HOUSING UNITS FOR LOCAL WORKFORCE. 10 10 6 20 0 5748391 2221445 113991 224142 -9329 29967 25383 0 5878436 2475554 0 0 242937 259180 0 38120 1289510 960746 1532447 1219926 4345989 1255628 5363358 6786971 60381 144682 5302977 6642289 X THE MISSION OF BSCHT IS TO ENHANCE THE AVAILABILITY OF HOUSING TO SUPPORT THE LOCAL WORKFORCE AND ECONOMY. BSCHT HELPED WITH CONSTRUCTION & HOA MANAGEMENT OF MEADOWVIEW, A DEED RESTRICTED CONDOMINIUM DEVELOPMENT FOR LOCAL WORKERS. WE PROVIDED DOWN PAYMENT ASSISTANCE LOANS. BSCHT ALSO WORKS TO INCREASE AFFORDABLE RENTAL OPPORTUNITIES FOR THE COMMUNITY'S WORKFORCE, INCREASE SUPPLY, PROVIDE MINOR PROPERTY MANAGEMENT SUPPORT, AND EDUCATE THE COMMUNITY REGARDING RENTAL OPTIONS. false false 619891 18750 THE RENT LOCAL PROGRAM offers cash incentives to property owners in exchange for removing their property from the short-term vacation rental pool and making it available for long-term residential lease to the local workforce. A maximum rent cap, verification of qualified resident, and minimum one-year lease is required by the program. The maximum incentive a property owner may receive is two years. As of December 2022, the program has enlisted 84 properties to house 193 local workforce tenants. 204040 THE GOOD DEEDS PROGRAM seeks to preserve local workforce access to existing residential inventory by purchasing deed restrictions from homebuyers or homeowners. The deed restriction requires workforce occupancy and prohibits use of the property for short-term rental in perpetuity. Homebuyers generally utilize the funds for down payment assistance and closing costs. As of December 2023, eight deed restrictions have been purchased under the program. 153094 176051 Triple Creek Development makes two 3-bedroom single family homes available to the Housing Trust at a minimal cost, for long-term lease to income-qualified (140% AMI) local work force, with rent set at 30% of tenants household income. Net proceeds from the rentals are donated unrestricted to the Housing Trust. 19821 29341 996846 true true false false false false false false false false true false false 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 false false false true false false false false true 64 0 true 6 true false false false false false false false 0 false false false false false false false X 10 10 false false false false false false false true true false false true true true true true true true true false X DAVID O'CONNOR 4069953696 PO BOX 160164 BOZEMAN MT 59716 DAVID O'CONNOR Executive Dir. 40.00 0.00 X 118500 0 6000 MICHELLE FREDERICK Director 0.50 0.00 X 0 0 0 DAVID BROWN CHAIR 1.00 0.00 X X 0 0 0 SHANNON SEARS Director 0.50 0.00 X 0 0 0 RICK SIMKINS VICE CHAIR 1.00 0.00 X X 0 0 0 MIA LENNON Director 0.50 0.00 X 0 0 0 KEVIN HINKLE Treasurer 1.00 0.00 X X 0 0 0 MARK DEAN Director 0.50 0.00 X 0 0 0 KENNY HOLTZ Director 0.50 0.00 X 0 0 0 STEPHEN BROWN Director 0.50 0.00 X 0 0 0 ELISE CLARK Director 0.50 0.00 X 0 0 0 118500 6000 1 false false false 0 1103289 1118156 2221445 MANAGEMENT SERVICES 531310 15600 15600 PROPERTY MANAGEMENT 531310 208542 208542 224142 29967 29967 0 0 0 0 0 0 0 0 2475554 224142 29967 0 0 0 0 124500 62593 45208 16699 0 104457 51032 39870 13555 0 11389 3690 6730 969 18834 10198 6347 2289 0 0 0 0 0 0 59594 2730 56864 3546 3446 100 0 8380 150 8230 0 4848 4848 1549 1549 0 0 0 0 0 7380 7380 RENT LOCAL PROGRAM EXPENSES 538943 538943 DEED RESTRICTION PURCHASE 165000 165000 Property Management Expenses 146194 146194 MEADOWVIEW EXPENSES 13067 13067 12245 3249 4488 4508 1219926 996846 184960 38120 608167 914693 0 31887 98276 0 0 0 849750 2379150 0 54901 74823 3301994 3301994 3301994 0 0 0 0 516659 18035 5363358 6786971 13590 18253 46791 126429 60381 144682 X 4370345 5435630 932632 1206659 5302977 6642289 5363358 6786971 1255628 83684 X X true X false true false X 300804 910473 5748391 2221445 9181113 0 0 300804 910473 5748391 2221445 9181113 0 9181113 27 29967 29994 0 25383 25383 9236490 X 0.00000 RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 3301994 3301994 3301994 REWARDS PAYABLE 114054 SECURITY DEPOSITS 12375 126429 Form 990, Part III, Line 4d OTHER PROGRAM SERVICES 4: Triple Creek Development makes two 3-bedroom single family homes available to the Housing Trust at a minimal cost, for long-term lease to income-qualified (140% AMI) local work force, with rent set at 30% of tenants household income. Net proceeds from the rentals are donated unrestricted to the Housing Trust. OTHER PROGRAM SERVICES 5: THE RIVERVIEW APARTMENTS PROGRAM INVOLVES THE DEVELOPMENT of two apartment buildings for a total of 25 1-, 2- and 3-bedroom apartments. The development was primarily funded with the federal Low Income Housing Tax Credit (LIHTC) program, and is operated under that programs rules. Apartments are available to income-qualified(60% AMI) families and individuals, with rental rates set at 30% of tenants household income. Occupancy is expected by summer, 2024. Form 990, Part VI, Section B, Line 11b FORM 990 IS REVIEWED CLOSELY BY THE BOARD TREASURER AND EMAILED TO ALL OTHER BOARD DIRECTORS FOR THEIR FEEDBACK. Form 990, Part VI, Section B, Line 12c AT THE BEGINNING OF EVERY BOARD MEETING, ALL DIRECTORS ARE ASKED TO REVEAL ANY CONFLICTS OF INTEREST RELATING TO THAT MEETING'S AGENDA. THIS IS DOCUMENTED IN THE MEETING MINUTES. Form 990, Part VI, Section B, Line 15b COMPENSATION FOR THE EXECUTIVE DIRECTOR IS SET BY THE BOARD GOVERNANCE COMMITTEE AND BASED ON COMPARABLE SALARIES IN THE AREA. Form 990, Part VI, Section C, Line 19 AVAILABLE UPON REQUEST. Accounting method used to prepare the Form 990 The organization is using the accrual method to report this year and has marked Cash as the method in years past. BSCHT MEADOWVIEW LLC PO BOX 160164 BIG SKY MT 59716 843391892 Holding land assets MT 2000000 BIG SKY COMMUNITY HOUSING TRUST BSCHT RVA LAND LLC PO BOX 160164 BIG SKY MT 59716 843391892 Holding land assets MT 1301994 BIG SKY COMMUNITY HOUSING TRUST BSCHT RIVERVIEW LLC PO BOX 160164 BIG SKY MT 59716 843391892 Administrative MT 100 BIG SKY COMMUNITY HOUSING TRUST false false false false false false false false false false false false false false false false false false false