Jackson Hole Community Housing Trust

Nonprofit profile at a glance

EIN
830297131
IRS 990 coverage
2010–2024
Forms available
Form 990 2024
Location
Jackson, WY, USA
Phone
3077390665
Rating
68
Verdict
SUPPORTED
Rating confidence
Moderate

Official website

Reported finances

Revenue
$848,313
Expenses
$1,640,276
Assets
$47,041,378
Liabilities
$9,009,629

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

Leadership & pay

13 people listed

Executive titles in this filing

  • ALEXIS DITTMER (Vice President)
  • BERTE HIRSCHFIELD (President)

Highest reported compensation

  • ANNE CRESSWELL (Executive Dir.): $218,006 total reported compensation
  • ALISON LEE (Project Development Director): $180,822 total reported compensation
  • JENNIFER SCOTT (Director of RE & Property Mgmt): $150,904 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 the jackson hole community housing trust (cht) is to conserve community in teton county by developing essential, affordable housing. The cht is dedicated to the provision, management, and administration of affordable rental and ownership housing in teton county, Wyoming. In as such, the mission of the cht includes reducing the burden on governmental entities that demonstrate growing challenges in providing stable, affordable housing for their employees as part of their essential functions.

What it reported doing in 2024

Since 1991, the housing trust has developed or acquired 165 homes for sale. The affordability of each home is protected in perpetuity by a 99-year ground lease or special restriction recorded against the property. Central to the stewardship of these assets are the management and administration of the restriction associated with each home. In concert with this scope of work, staff ensures that the housing trust legal, financial, and lending guidelines are current with federal requirements. In addition, each time a housing trust home is sold or re-sold, housing trust staff works to ensure every buyer is income qualified and educated about deed restricted housing and then successfully facilitates the sale. To quickly facilitate the lease or sale of an affordable home, the housing trust actively manages a growing database of income-qualified applicants (about 1,500 active households have registered on our waiting list). Every applicant is required to complete a comprehensive application to be considered for an afforable housing opportunity.

Operating model

Revenue model
Donor-supported. 70% of the money available for current operations came from contributions and gifts.
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

SUPPORTED - The filed numbers largely add up and most voting board members are independent. A relatively small share of available resources goes toward mission work and fundraising costs are high for each dollar raised.

Rating breakdown

  • Financial Efficiency: 44
  • Transparency & Controls: 84
  • Accountability: 95
  • Sustainability: 34
  • Growth: 100

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 30.3%; rating input score 30
  • Program expense ratio: 68.7%; rating input score 69
  • Fundraising efficiency: $10.79 raised per $1 spent on fundraising; rating input score 40; 40th percentile among comparable filings

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 63rd percentile among comparable filings
  • Pay-setting controls: 4 of 6 controls in place; rating input score 67
    • Compensation committee: Pass
    • Independent consultant: Missing
    • Other Form 990s reviewed: Pass
    • Written employment contract: Missing
    • Compensation survey or study: Pass
    • Board or committee approval: Pass
  • 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: 7 of 8 controls in place; rating input score 88
    • 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: Fail

Sustainability

  • Operating margin: -93.4%; rating input score 1; 1st percentile among comparable filings
  • Total-asset coverage ratio: 28.68; rating input score 98; 98th percentile among comparable filings
  • Liabilities to assets ratio: 0.19; rating input score 32; 32nd percentile among comparable filings
  • Officer compensation ratio: 33.5%; rating input score 5; 5th percentile among comparable filings

Growth

  • Program expense growth: 16.6% per year; rating input score 100; 78th percentile among comparable filings
  • Revenue growth: 18.8% per year; rating input score 100; 84th percentile among comparable filings
  • Asset growth: 16.6% per year; rating input score 100; 76th percentile among comparable filings

Details

  • Where the money goes: 30.3% of revenue deployed · 68.7% of spending went to programs
  • Governance: 10 of 10 board members independent · 7 of 8 filing controls reported
  • Programs: 3 filed program accomplishments · $1.1M in reported program spending
  • Leadership: top reported pay $218K · 13 people listed · 4 of 6 pay-setting controls reported
  • Consistency: 31 of 31 current checks pass
  • Schedules: 7 filed schedules · includes major donors and executive pay
  • Filing history: 14 filing years from 2010 to 2024
  • Contacts: How to reach this organization
  • Money network: 3 filed money-flow records
  • Related organizations: 1 filed related-organization link
  • 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.

  • Moderate — Financial Efficiency: Mission deployment rate scored 30/100.
  • Moderate — Financial Efficiency: Fundraising efficiency scored 40/100.
  • High — Sustainability: Operating margin scored 1/100.
  • Review — Accountability: Governance controls: Independent financial-statement audit not reported.
  • High — Sustainability: Officer compensation ratio scored 5/100.
  • Moderate — Sustainability: Liabilities to assets ratio scored 32/100.