2025-11-17T05:16:35-08:00 2024-12-31 820467399 Rudd & Company PLLC 3805 Valley Commons Dr Ste 7 Bozeman MT 59718 990 2024-01-01 843391892 BIG SKY COMMUNITY HOUSING TRUST BSCHT BIGS 4069953696 PO BOX 160164 BIG SKY MT 59716 DAVID O'CONNOR Executive Director 2025-11-17 true true JULIE KOSTELECKY CPA P00532584 4065853393 2024 2025-03-06 01:10:19Z DAVID O'CONNOR PO BOX 160164 BIG SKY MT 59716 4023043 false X www.bigskyhousingtrust.com X 2019 MT CREATE AFFORDABLE HOUSING UNITS FOR LOCAL WORKFORCE. 11 11 4 20 0 2221445 3706636 224142 254083 29967 50909 -140 2475554 4011488 0 0 259180 324373 0 35737 960746 1871099 1219926 2195472 1255628 1816016 6786971 8555714 144682 97409 6642289 8458305 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 1262238 THE GOOD DEEDS PROGRAM seeks to preserve local workforce access to existingresidential 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 2024, sixteen deed restrictions have been purchased under the program. 577064 THE RENT LOCAL PROGRAM offers cash incentives to property owners in exchange forremoving 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 2024, the program has enlisted 137 properties to house 344 local workforce tenants. 96620 118454 TRIPLE CREEK DEVELOPMENT makes two 3-bedroom single family homes available to theHousing 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. 18770 135683 THE DOWN PAYMENT ASSISTANCE LOAN/MEADOWVIEW TOWNHOMES PROGRAM offers zero-interest loans to buyers of income-qualified (150% AMI), deed-restricted residences inthe Meadowview development for down payment and associated closing costs. All loansare repaid to BSCHT in full upon sale, to be used to facilitate purchases by subsequent buyers.The Meadowview development includes 52 1- and 2-bedroom deed-restricted,appreciation-capped townhomes for purchase by income qualified (150% AMI) localworkforce. BSCHT retains ownership of the underlying land as a community land trust and ensures homeowner qualification and permanent affordability via ground lease. Resales are managed by BSCHT. In 2024, eight Meadowview homes resold to other income-qualified buyers. 12921 -54 THE RIVERVIEW APARTMENTS PROGRAM involves the development of two apartmentbuildings 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. The buildings opened for occupancy in September of 2024. 31691 135629 1967613 true true false false false false false false false false true false true true true false true false false false false false false false true false false false false false false false false false false false false false true false false false true false false false false true 105 0 true 4 true false false false false false false false 0 false false false false false false false X 11 11 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 127255 0 6250 LINDSEY PUTNAM Secretary 2.00 0.00 X X 0 0 0 MICHELLE FREDERICK Director 2.00 0.00 X 0 0 0 DAVID BROWN CHAIR 2.00 0.00 X X 0 0 0 SHANNON SEARS Director 2.00 0.00 X 0 0 0 RICK SIMKINS VICE CHAIR 2.00 0.00 X X 0 0 0 MIA LENNON Director 2.00 0.00 X 0 0 0 CRYDER BANCROFT Director 2.00 0.00 X 0 0 0 BRAD NIVA Director 2.00 0.00 X 0 0 0 MARK DEAN Director 2.00 0.00 X 0 0 0 KENNY HOLTZ Director 2.00 0.00 X 0 0 0 STEPHEN BROWN Treasurer 2.00 0.00 X X 0 0 0 127255 6250 1 false false false 0 16144 1835793 1854699 291709 3706636 DPA LOAN INCOME 522292 89494 89494 MANAGEMENT SERVICES 531310 46189 46189 PROPERTY MANAGEMENT 531310 118454 118454 RIVERSIDE APARTMENTS NET 531110 -54 -54 254083 50909 50909 0 0 0 0 11415 16144 11555 -140 0 0 0 4011488 254083 50909 0 0 0 0 133505 67414 50956 15135 0 160911 94038 52121 14752 0 5450 3411 1407 632 24507 12177 10074 2256 0 0 0 0 0 0 50662 19715 30889 58 4273 4273 0 14227 14227 0 5592 5592 2009 2009 0 0 0 0 0 7484 3822 3662 DEED RESTRICTION PURCHASE 1185100 1185100 RENT LOCAL PROGRAM EXPENSES 493779 488499 5280 Property Management Expenses 91896 91896 PROFESSIONAL DEVELOPMENT 7318 7318 8759 1541 4314 2904 2195472 1967613 192122 35737 914693 1007215 0 98276 28026 0 0 0 2379150 2443921 0 74823 12896 3301994 3301994 3301994 0 0 813010 0 18035 948652 6786971 8555714 18253 11233 126429 86176 144682 97409 X 5435630 6590656 1206659 1867649 6642289 8458305 6786971 8555714 1816016 X true X false true false X 300804 910473 5748391 2221445 3706636 12887749 0 0 300804 910473 5748391 2221445 3706636 12887749 31828 12855921 27 29967 50909 80903 0 25383 25383 12994035 0.98940 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 3301994 3301994 3301994 813010 GOOD DEEDS - HOUSING INVENTORY 916869 SECURITY DEPOSITS UNDEPOSITED FUNDS 31783 948652 REWARDS PAYABLE 84001 SECURITY DEPOSITS 2175 86176 4090894 79352 79352 4011542 -54 -54 4011488 2207028 11556 11556 2195472 2195472 Part XI, Line 2d: Other revenue amounts included in F/S but not included on form 990 INTEREST INCOME ON GROUND LEASE $67796 Direct Fundraising Expenses $11556 Part XII, Line 2d: Other expenses and losses per audited F/S Direct Fundraising Expenses $11556 false FUNDRAISING EVENT 27559 16144 11415 11555 27559 16144 11415 11555 11555 -140 X 1 291709 APPRAISAL false false false 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 OWNER IN PARTNERSHIP MT -54 813010 BIG SKY COMMUNITY HOUSING TRUST false false false false false false false false false false false false false false false false false false false