Big Sky Community Housing Trust Bscht

Nonprofit profile at a glance

EIN
843391892
IRS 990 coverage
2020–2024
Forms available
Form 990 2024
Location
Big Sky, MT, USA
Phone
4069953696
Rating
83
Verdict
STRONG
Rating confidence
Moderate
Sector
Housing Development, Construction, Management

Official website

Reported finances

Revenue
$4,011,488
Expenses
$2,195,472
Assets
$8,555,714
Liabilities
$97,409

Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.

Leadership & pay

12 people listed

Highest reported compensation

  • DAVID O'CONNOR (Executive Dir.): $133,505 total reported compensation

Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

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.

What it reported doing in 2024

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.

Operating model

Revenue model
Mixed. Its operating money came from several sources; no one source provided a clear majority.
Distribution model
Direct operator. The filing allocates 100% of reported program-service expenses outside its grant, affiliate-payment, and member-benefit lines. This expense classification does not rule out separately announced grant awards.
  • Includes noncash contributions: Reported contributions include donated property or goods.

The verdict

STRONG - The filed numbers largely add up and a large share of total spending goes to programs. A relatively small share of available resources goes toward mission work and reported officer compensation is a large share of total spending, which may reflect staffing concentration.

Rating breakdown

  • Financial Efficiency: 67
  • Transparency & Controls: 92
  • Accountability: 100
  • Sustainability: 81
  • Growth: 100

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 49.7%; rating input score 50
  • Program expense ratio: 89.6%; rating input score 90
  • Fundraising efficiency: $103.72 raised per $1 spent on fundraising; rating input score 87; 87th percentile among comparable filings

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 63rd percentile among comparable filings
  • Pay-setting controls: Limited
  • Foreign activity oversight: Limited
  • Grant itemization coverage: Limited
  • Major donor itemization: Yes; rating input score 100
  • Related-party transparency: Limited

Accountability

  • Independent voting board: 100%; rating input score 100; 63rd percentile among comparable filings
  • Governance controls: 8 of 8 controls in place; rating input score 100
    • Conflict-of-interest policy: Pass
    • Whistleblower policy: Pass
    • Document-retention policy: Pass
    • CEO compensation review process: NotApplicable
    • Other executive compensation review process: Pass
    • Form 990 shared with the board: Pass
    • Board meeting minutes documented: Pass
    • Audit committee oversight: Pass
    • Independent financial-statement audit: Pass

Sustainability

  • Operating margin: 45.3%; rating input score 91; 91st percentile among comparable filings
  • Total-asset coverage ratio: 3.9; rating input score 79; 79th percentile among comparable filings
  • Liabilities to assets ratio: 0.01; rating input score 85; 85th percentile among comparable filings
  • Officer compensation ratio: 6.1%; rating input score 46; 46th percentile among comparable filings

Growth

  • Program expense growth: 50% per year; rating input score 100; 97th percentile among comparable filings
  • Revenue growth: 32.1% per year; rating input score 100; 95th percentile among comparable filings
  • Asset growth: 51.1% per year; rating input score 100; 98th percentile among comparable filings

Details

  • Where the money goes: 49.7% of revenue deployed · 89.6% of spending went to programs
  • Governance: 11 of 11 board members independent · 8 of 8 filing controls reported
  • Programs: 5 filed program accomplishments · $2M in reported program spending
  • Leadership: top reported pay $134K · 12 people listed
  • Consistency: 30 of 30 current checks pass
  • Schedules: 7 filed schedules · includes major donors
  • Filing history: 5 filing years from 2020 to 2024
  • Contacts: How to reach this organization
  • Money network: 1 filed money-flow record
  • Related organizations: Filed and resolved organization relationships.
  • Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
  • People: Everyone the filings name, and which of them the filings identify by more than a name.

Key Signals

Signals prioritize questions for review. They are not findings of misconduct.

  • Review — Financial Efficiency: Mission deployment rate scored 50/100.
  • Moderate — Sustainability: Officer compensation ratio scored 46/100.