Shermont Manor
Nonprofit profile at a glance
- EIN
- 481266285
- IRS 990 coverage
- 2011–2024
- Forms available
- Form 990 2024
- Location
- Butte, MT, USA
- Phone
- 4064964975
- Rating
- 86
- Verdict
- STRONG
- Rating confidence
- Moderate
- Sector
- Educational Services and Schools - Other
Reported finances
- Revenue
- $322,208
- Expenses
- $280,380
- Assets
- $1,494,905
- Liabilities
- $1,291,368
Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
8 people listed
Executive titles in this filing
- JIM FAY (PRESIDENT)
- MARILYN ROSS (VICE PRESIDENT)
- MARGIE SECCOMB (CEO)
Highest reported compensation
- MARGIE SECCOMB (CEO): $116,351 total reported compensation
- DON FOLEY (CFO): $105,473 total reported compensation
- KRISTEN CHAMBERS (COO): $100,952 total reported compensation
Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
To develop, maintain, and operate housing facilities for low-income people in butte-silver bow, anaconda-deer lodge, powell, granite, madison, and beaverhead counties.
What it reported doing in 2024
Subsidized housing complexes for the low-income elderly citizens of the community of sheridan and low income citizens of ennis and deer lodge, Montana.
Operating model
- Revenue model
- Grant-funded. 69% of the money available for current operations came from government grants.
- 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.
The verdict
STRONG - A large share of available resources goes toward mission work and the filed numbers largely add up. Assets have declined or grown slowly and some filing-based governance responses are negative or unanswered.
Rating breakdown
- Financial Efficiency: 82
- Transparency & Controls: 92
- Accountability: 95
- Sustainability: 57
- Growth: 80
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 87%; rating input score 87
- Program expense ratio: 100%; rating input score 100
- Fundraising efficiency: Limited
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 64th 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 9 controls in place; rating input score 89
- Conflict-of-interest policy: Pass
- Whistleblower policy: Pass
- Document-retention policy: Pass
- CEO compensation review process: Pass
- Other executive compensation review process: Fail
- Form 990 shared with the board: Pass
- Board meeting minutes documented: Pass
- Audit committee oversight: Pass
- Independent financial-statement audit: Pass
Sustainability
- Operating margin: 13%; rating input score 65; 65th percentile among comparable filings
- Total-asset coverage ratio: 5.33; rating input score 80; 80th percentile among comparable filings
- Liabilities to assets ratio: 0.86; rating input score 6; 6th percentile among comparable filings
- Officer compensation ratio: 17.1%; rating input score 22; 22nd percentile among comparable filings
Growth
- Program expense growth: 2% per year; rating input score 100; 40th percentile among comparable filings
- Revenue growth: 1.9% per year; rating input score 100; 34th percentile among comparable filings
- Asset growth: -1% per year; rating input score 0; 21st percentile among comparable filings
Details
- Where the money goes: 87% of revenue deployed · 100% of spending went to programs
- Governance: 5 of 5 board members independent · 8 of 9 filing controls reported
- Programs: 1 filed program accomplishment · $280K in reported program spending
- Leadership: top reported pay $116K · 8 people listed
- Consistency: 26 of 26 current checks pass
- Schedules: 5 filed schedules · includes major donors
- Filing history: 13 filing years from 2011 to 2024
- Contacts: How to reach this organization
- Related organizations: 3 filed related-organization links
- 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.
- High — Growth: Asset growth scored 0/100.
- Review — Accountability: Governance controls: Other executive compensation review process not reported.
- High — Sustainability: Liabilities to assets ratio scored 6/100.
- High — Sustainability: Officer compensation ratio scored 22/100.