MONTANA HOMEOWNERSHIP NETWORK INC | NEIGHBORWORKS MONTANA
GREAT FALLS, MT | Cascade County
Affordable Housing
Overview
MONTANA HOMEOWNERSHIP NETWORK INC | NEIGHBORWORKS MONTANA
81-0543240
17 5TH ST S
GREAT FALLS, MT 59401
Cascade County
GREAT FALLS, MT 59401
Cascade County
Mission Statement
This nonprofit has not reported a mission statement.
CRA Category
- Affordable Housing
Nonprofit location
- LMI Census Tract
- Opportunity Zone
Awards & Certifications
- CDFI Organization
- CDFI Award Recipient
- HUD Counseling Agency
Founded
Not reported
Total Employees
Not reported
Total Volunteers
Not reported
Nonprofit Classification (NTEE Code)
L20
L - Housing, Shelter
Housing Development, Construction & Management
Organizations that build, rehabilitate, manage and/or provide rental housing for low-income individuals and families, older adults and people with disabilities; or which make purchasable housing available to low or moderate income families by offering lower priced housing and/or affordable payment plans, by arranging for interest or mortgage subsidies or by involving eventual owners in the construction process (sweat equity). Use this code for organizations that provide housing services for a wide range of individuals or for those that offer housing options for low income tenants that are not specified below.
IRS Activity Codes
-
Not reported
-
Not reported
-
Not reported
Standard Business Classification (NAICS Code)
624229
Other Community Housing Services
CRA Alignment
CRA Category
Affordable Housing
Creation, rehabilitation, operation or preservation of affordable housing.
What does it mean for a nonprofit to be CRA aligned?
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then further validated by our CRA experts. When nonprofit passes both parts of this review, we create a nonprofit profile for them on Community Qualifier. From there, a nonprofit can claim their profile and add additional information including their programs & services, counties served, targeted clients and income groups and more.
Awards & Certifications
Community Development Financial Institution
Date Certified
9/17/2013
Native American CDFI
Y
Financial Institution Type
Loan Fund
Community Development Financial Institution Award Recipient
New Market Tax Credit Recipient
| Year | Amount | Program | Awardee Name |
| 2021 | $2,000,000 | Capital Magnet Fund | Montana Homeownership Network, Inc. The |
| 2015 | $1,750,000 | CDFI Financial Assistance | Montana Homeownership Network, Inc. The |
| 2018 | $700,000 | CDFI Financial Assistance | Montana Homeownership Network, Inc. The |
| 2019 | $650,000 | CDFI Financial Assistance | Montana Homeownership Network, Inc. The |
| 2021 | $1,826,265 | CDFI Rapid Response Program (COVID-19) | Montana Homeownership Network, Inc. The |
Includes CDFI Fund awards granted between January 2013 and December 2023
HUD Counseling Agency
Counseling Programs Offered
- Financial Management/Budget Counseling
- Home Improvement and Rehabilitation Counseling
- Mortgage Delinquency and Default Resolution Counseling
- Non-Delinquency Post Purchase Workshops
- Pre-Purchase Counseling
- Pre-Purchase Homebuyer Education Workshops
- Predatory Lending Education Workshops
- Rental Housing Counseling
Low Income Housing Tax Credit Recipient
IRS Summary
Income
$13.9M
Revenue
$13.9M
Assets
$42.8M
IRS Business Master File Details
As of August 2024
Exempt Ruling Date
2002-04
Deductibility Status
Deductible
Last Tax Filing
2022
Organization Type
Corporation
Organization Tax Filing Status
990 (all other) or 990EZ return
Foundation Tax Filing Status
990-PF not required by IRS
Affiliation Classification
Independent Organization
Basis for Foundation/Public Charity Status
Organization which receives a substantial part of its support from a governmental unit or the general public 170(b)(1)(A)(vi)
IRS Publication 78 Details
As of August 2024
Verified in Publication 78
Yes
Deductibility Limitation
50% (60% for cash contributions)
Organization Description
A public charity
IRS Form 990 Returns
Through August 2023
Nonprofit Location
Physical Address
17 5TH ST S
GREAT FALLS, MT 59401
Cascade County
GREAT FALLS, MT 59401
Cascade County
Area Type
Metropolitan Statistical Area
FIPS Geocoded Address
24500
MSA/MD
30
State
013
County
0108.00
Tract
Moderate
Income Level
Core-Based Statistical Area
24500 - Great Falls, MT
Combined Statistical Area
Not located in a CSA.
Metropolitan Division
Not located in an MD.
Located In
Low- or Moderate-Income Census Tract
Opportunity Zone
Majority Minority Census Tract
24.72%
FFIEC Distressed Census Tract
FFIEC Underserved Census Tract
Market Data
| Census Tract | County | |
|---|---|---|
| 0108.00 | Cascade County | |
| Population | ||
| Total Population | 2,779 | 84,423 |
| Total Households | 1,540 | 34,577 |
| Income | ||
| Median Income* | $36,927 | $61,351 |
| Median Family Income (2024 FFIEC est.) | $85,300 | $85,300 |
| Tract Income Percentage | 54.47% | N/A |
| Below Poverty Level | 43.4% | 13.6% |
| Unemployment Level | 9.7% | 3.3% |
| Housing | ||
| Total Housing Units | 1,838 | 39,022 |
| Total Owner-Occupied Units | 19.4% | 68.0% |
| Total Renter-Occupied Units | 64.4% | 32.0% |
| Total Vacant Units | 16.2% | 6.7% |
* Census Tract Median Income based on 2020 Tract Median Family Income as reported in the 2024 FFIEC Census Flat File. County Income based on Median Household Income as reported in the 2022 American Community Survey.
Management
18
Total Voting Members
in Governing Body
in Governing Body
17
Independent Voting Members
in Governing Body
in Governing Body
Tax Filing Signatory
Kaia Peterson
(406) 604-4500
(406) 604-4500
Principal Officer
Kaia Peterson
findCRA Profile Owner
Nonprofit profile has not yet been claimed
Key Policies & Documents
Written Conflict of Interest Policy
Written Document Retention & Destruction Policy
Written Whistleblower Policy
CEO Compensation Review Process
Written Minutes of Board Meetings
Financial Statements & Reporting
Compiled or Reviewed by an Independent Accountant
Audited by an Independent Accountant
Included in Consolidated Financial Statements
Internal Audit Committee Review
Federal Grant Audit Required
Federal Grand Audit Performed
Organization Activities
Provides Credit Counseling
Conducts Gaming Activities
Engages in Lobbying Activities
Engages in Political Activities
Makes Grants to Individuals
Makes Grants to Organizations
Information in this section is extracted from the nonprofit's e-filed tax return and based on answers provided by the nonprofit in their 990 e-filed for the tax period ending on 2022-09.
A hyphen (“-“) in this section indicates that the information was not required by the IRS or not reported by the nonprofit in its tax return e-filing.
This Nonprofit Profile was automatically created by findCRA based on data available from publicly available government and industry sources and our own research. This Nonprofit Profile is not currently maintained by, endorsed by, or affiliated with this nonprofit. Whenever possible, we utilize the most recent information available including information as made public by the Internal Revenue Service, U.S. Census Bureau, Federal Financial Institutions Examination Council, and more. The format and design of this Nonprofit Profile is ©findCRA. For more information about our Nonprofit Profiles, please visit help.findcra.com.
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