2026-01-20T13:51:05-05:00 2025-05-31 810240803 Swanson Agency PO Box 147 Pendroy MT 59467 990 2024-06-01 237160810 Horizon Lodge Inc % Estelle Rauscher HORI 701 South Wisconsin Street Conrad MT 59425 ESTELLE RAUSCHER Administrator 4062713233 2025-10-20 false true SANDRA VASQUEZ P02412647 4064692276 2026-01-20 2024 2025-03-06 01:10:19Z 572709 false X X 1972 MT To Provide Caring and affordable environments and services to foster dignified living for residents of Pondera County, Montana. We do this by providing housing and support services for eldery and disabled individuals who meet occupancy requirements. 11 11 16 0 0 0 508337 552170 3011 2738 19824 17801 531172 572709 50 0 165805 164435 0 0 397799 419967 563604 584452 -32432 -11743 720695 621968 180605 98468 540090 523500 To Provide Caring and affordable environments and services to foster dignified living for residents of Pondera County, Montana. We do this by providing housing and support services for eldery and disabled individuals who meet occupancy requirements. false false 338744 572709 The organization operates an apartment complex of 71 units under section 236 and section 8 of the National Housing Act. At the current year end, 51 of the 71 units were occupied. The tenants are at least 62 years old or are disabled. In addition to providing living quarters, the organization also provides meals, laundry, lifeline support and other services to its tenants. 338744 true false false false false false false false false false true false false true 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 false true false false false true 9 0 true 16 true false false false false false false false false X 11 11 false false false false false false false true true false false false false false false true true false X X Estelle Rauscher 4062713233 701 South Wisconsin Conrad MT 59425 X Estelle Rauscher Administrator 10.00 40.00 X 19914 39828 0 Coby Bennett President 1.00 0.00 X X 0 0 0 Audrey Rouns Vice President 1.00 0.00 X X 0 0 0 Jeanne Moon Secretary 1.00 0.00 X 0 0 0 Mary Kuka Treasurer 1.00 0.00 X X 0 0 0 Mark Grubb Director 1.00 0.00 X 0 0 0 Donna Vandenbos Director 1.00 0.00 X 0 0 0 Ron Jones Director 1.00 0.00 X 0 0 0 Aaron Iverson Director 1.00 0.00 X 0 0 0 Josh Philipps Director 1.00 0.00 X 0 0 0 Brenda Norby Director 1.00 0.00 X 0 0 0 19914 39828 0 0 false false false Resident Rent 623990 522372 522372 Resident Meals 623990 23018 23018 Laundry 623990 6780 6780 552170 2738 2738 0 Miscellaneous 623990 17801 17801 17801 572709 572709 0 0 X 50 50 19914 19914 144521 86713 57808 13311 7987 5324 1901 1141 760 111267 66760 44507 94538 56723 37815 600 360 240 21341 12805 8536 Taxes & Insurance 88053 52832 35221 Repairs & Maintenance 76819 46091 30728 Interest Expense 5880 3528 2352 Maintenance Contracts 3030 1818 1212 3227 1936 1291 584452 338744 245708 0 X 83318 208969 6378 1692 8761 13179 74 2733465 2388338 583112 345127 39126 52927 720695 621968 42632 72123 100000 37973 26345 180605 98468 X 540090 523500 540090 523500 720695 621968 X -11743 -4847 0 X true X false true false X 398158 463237 510484 528161 569971 2470011 398158 463237 510484 528161 569971 2470011 0 0 0 0 0 0 2470011 213 162 1869 3011 2738 7993 213 162 1869 3011 2738 7993 398371 463399 512353 531172 572709 2478004 0.99680 0.99730 0.00000 0.00000 X 85968 85968 2631808 2388338 243470 15689 15689 345127 Tenant Deposits Held in Trust 25954 Tenant Accounts Receivable 14269 Insurance Proceeds Receivable 500 Credit Balance on Insurance Loan 12204 52927 Tenant Deposits Held in Trust 25777 Tenant Accounts Receivable 568 26345 Form 990 governing body review Part VI line 11 Line 11A Explanation- The treasurer is provided a copy of the 990 prior to filing for review and comment. CEO executive director top management comp Part VI line 15a The board of directors reviews the executive directors salary annually and gives raises based on performance, a comparison review of area salaries and the organizations financial ability to increase the salary. Other officer or key employee compensation Part VI line 15b The board of directors reviews the executive directors salary annually and gives raises based on performance, a comparison review of area salaries and the organizations financial ability to increase the salary. Form 990 availability to public Part VI line 18 The organization makes its governing documents, policies and financial statements available to the public upon request. Governing documents etc available to public Part VI line 19 The organization makes its governing documents, policies and financial statements available to the public upon request. Explanation of other changes in net assets or fund balances Part XI line 9 Reversing $2,618 of excess depreciation in FY 2025. Depreciation going forward is computed on the corrected basis of $54,090 over a 27.5-year useful life. Management has implemented enhancements to its review process for insurance settlements and capitalization entries to ensure the proper asset basis is recorded in future periods. Part IX response or note to any line in Part IX During FY 2025, the organization corrected the basis and accumulated depreciation of a rebuilt kitchen asset originally placed in service in FY 2024 following a fire. The kitchen was recorded at an estimated cost of $300,962 with $3,192 of depreciation. Insurance reimbursements of $246,872 finalized in FY 2025 reduced the actual cost to $54,090. Accordingly,$574 of allowable FY 2024 accumulated depreciation was retained the excess depreciation was removed with the adjusting entry. Future depreciation is computed on the corrected $54,090 basis over 27.5 years. Management has enhanced review procedures to ensure proper recording of insured asset costs in future periods. Part X response or note to any line in Part X During FY 2025, the organization corrected accumulated depreciation related to a rebuilt kitchen asset originally placed in service in FY 2024 following a fire. The asset had been recorded at an estimated cost of $300,962 with $3,192 of depreciation. Final insurance reimbursements of $246,872 reduced the actual cost basis to $54,090. Accordingly, accumulated depreciation was adjusted to reflect only $574 of allowable FY 2024 depreciation, and $2,618 of excess depreciation was reversed by reducing current-year depreciation. The corrected accumulated depreciation balance and basis are reflected prospectively as of May 31, 2025. Horizon Lodge Garden Apartments Inc 701 S Wisconsin St Conrad MT 59425 363801676 To provide housing to retirees MT 501C3 10 N/A false false false false false false false false false false false false false false false true false false false false