Civic Intelligence

Montana Development Corporation

EIN 25-1672592 • 501(c)3 • Pittsburgh, PA

Profile

The organization's primary exempt purpose is the leasing of 16 one- and two-bedroom apartments to low-income persons in a building owned by the organization. The Montana Development Corporation was originally formed in 1991 out of a partnership of three 501 (c)(3) organizations, one of which is the Bloomfield-Garfield Corporation. The other two organizations no longer occupy seats on the board of directors, having voluntarily left the organization. This leaves the Bloomfield-Garfield Corporation as the sole entity authorized to appoint the members to the board of the Montana Development Corp.

113 North Pacific AvenuePittsburgh, PA 15224
Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

96th percentile

2.54x

Higher debt load relative to assets than 96% of similar nonprofits.

501(c)3 • <$500k nonprofits • Source year 2022

Liabilities / Revenue

99th percentile

25.74x

Higher debt load relative to revenue than 99% of similar nonprofits.

501(c)3 • <$500k nonprofits • Source year 2022

Net Margin

70th percentile

16%

Higher net margin than 70% of similar nonprofits.

501(c)3 • <$500k nonprofits • Source year 2022

Top Officer Pay

Score unavailable

No value available

No filing with officer rows is available for this organization yet.

Asset Growth

48th percentile

-2.8%

Faster asset growth than 48% of similar nonprofits.

501(c)3 • <$500k nonprofits • Annualized from 2021 to 2022

Revenue Growth

42nd percentile

-7.7%

Faster revenue growth than 42% of similar nonprofits.

501(c)3 • <$500k nonprofits • Annualized from 2021 to 2022

Assets

Down

$406,102

Down $39,604 (-8.9%) from 2023

Liabilities

Down

$1,217,300

Down $15,368 (-1.2%) from 2023

Net Assets

Down

-$794,523

Down $7,561 (-1.0%) from 2023

Revenue

Up

$69,065

Up $32,261 (+88%) from 2023

Expenses

Up

$75,456

Up $26,635 (+55%) from 2023

Net Income

Up

-$6,391

Up $5,626 (+47%) from 2023

Trend Graphs

Balance Sheet Trend

Grouped bars show assets, liabilities, and net assets across loaded filings.

$2.0M$1.0M$0-$1.0MAssets 2020: $537,277Liabilities 2020: $1,162,965Net Assets 2020: -$625,6882020Assets 2021: $497,428Liabilities 2021: $1,221,564Net Assets 2021: -$724,1362021Assets 2022: $483,435Liabilities 2022: $1,229,488Net Assets 2022: -$746,0532022Assets 2023: $445,706Liabilities 2023: $1,232,668Net Assets 2023: -$786,9622023Assets 2024: $406,102Liabilities 2024: $1,217,300Net Assets 2024: -$794,5232024

Highlighted filing

2024

Assets$406,102
Liabilities$1,217,300
Net Assets-$794,523

Operations Trend

Revenue, expenses, and net income by year, with the latest filing highlighted.

$100K$50K$0-$50KRevenue 2020: $62,610Expenses 2020: $73,326Net Income 2020: -$10,7162020Revenue 2021: $51,752Expenses 2021: $69,899Net Income 2021: -$18,1472021Revenue 2022: $47,769Expenses 2022: $40,223Net Income 2022: $7,5462022Revenue 2023: $36,804Expenses 2023: $48,821Net Income 2023: -$12,0172023Revenue 2024: $69,065Expenses 2024: $75,456Net Income 2024: -$6,3912024

Highlighted filing

2024

Revenue$69,065
Expenses$75,456
Net Income-$6,391

Filings

Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2024 to Dec 31, 2024
Signed
May 7, 2025
Return Version
2024v5.0
Gross Receipts
$69,065
Mission and Program Overview

Mission

The mission of the organization is to operate housing for low-income persons who are not being served by the private housing market. The Montana Apartments is a 16-unit apartment building that fulfills this mission for the organization. Montana Development Corporation does not own any other properties nor does it engage in any other activities.

The organization's primary exempt purpose is the leasing of 16 one- and two-bedroom apartments to low-income persons in a building owned by the organization. The Montana Development Corporation was originally formed in 1991 out of a partnership of three 501 (c)(3) organizations, one of which is the Bloomfield-Garfield Corporation. The other two organizations no longer occupy seats on the board of directors, having voluntarily left the organization. This leaves the Bloomfield-Garfield Corporation as the sole entity authorized to appoint the members to the board of the Montana Development Corp.

Program Services

DescriptionGrantsExpenses
The ownership of a 16-unit apartment building designated for lease to low-income persons. Currently, 22 people are benefiting from this service provided by the Montana Development Corp. to them as tenants.-$75,456
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
John ShivickasBoard President-$0--
Willa WhiteheadBoard Secretary-$0--
Zach RestelliDirector-$0--
Rick SwartzBoard Assistant Secretary-$0--
Rochell JacksonBoard Treasurer-$0--
John WrightDirector-$0--
Ben LedewitzDirector-$0--
Filing and Contact Details

Filer

Filer Name
Montana Development Corporation
EIN
25-1672592
Address
113 North Pacific Avenue, Pittsburgh, PA 15224

Signing Officer

Name
Rick Swartz
Title
Board Assistant Secretary
Signed
2025-05-07
Supplemental Narrative

Additional Explanations

Part II, Line 26

The value for land and buildings reflects their value after deducting accumulated depreciation of $1,207,492. The liabilities reflect $1,202,717 in secured mortgages and notes payable to unrelated third parties.

Raw XML Appendix185 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990EZ/PrimaryExemptPurposeTxt0The organization's primary exempt purpose is the leasing of 16 one- and two-bedroom apartments to low-income persons in a building owned by the organization. The Montana Development Corporation was originally formed in 1991 out of a partnership of three 501 (c)(3) organizations, one of which is the Bloomfield-Garfield Corporation. The other two organizations no longer occupy seats on the board of directors, having voluntarily left the organization. This leaves the Bloomfield-Garfield Corporation as the sole entity authorized to appoint the members to the board of the Montana Development Corp.
IRS990EZ/ProgramServiceRevenueAmt00
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IRS990ScheduleA/Form990ScheduleAPartVIGrp/ExplanationTxt0There is no additional information to be shared. The organization is not subject to any of these tests, as it had no other income beyond the rents that were collected from the persons served.
IRS990ScheduleA/Form990ScheduleAPartVIGrp/ExplanationTxt1The organization had no other income to report.
IRS990ScheduleA/Form990ScheduleAPartVIGrp/ExplanationTxt2The Bloomfield-Garfield Corporation is listed by name in the organization's governing documents. The organization did not have a supported organization as described in section 501 (c)(4), (5), or (6). The organization was not involved with any foreign organization. It did also did no provide support to anyone other than its supported organizations. It was never controlled by any disqualified persons during the tax year. The organization accepted no gifts from any persons as described in 11 (a), 11 (b) or 11 (c). The Bloomfield-Garfield Corporation did have the power to appoint at least a majority of the organization's officers.
IRS990ScheduleA/Form990ScheduleAPartVIGrp/ExplanationTxt3The Bloomfield-Garfield Corporation did have the power to appoint at least a majority of the organization's officer.
IRS990ScheduleA/Form990ScheduleAPartVIGrp/ExplanationTxt4Three of the directors of the organization served on the governing body of the supported organization. The organization has no investments and therefore has no policies to govern how they would be managed or reported on.
IRS990ScheduleA/Form990ScheduleAPartVIGrp/ExplanationTxt5The organization satisfied the activities test by virtue of ensuring that all of its activities furthered the exempt purpose of the supported organization. The Bloomfield-Garfield Corporation also engages in the mission of providing housing to low to very-low income persons through its projects and programs.
IRS990ScheduleA/Form990ScheduleAPartVIGrp/ExplanationTxt6The organization is not subject to satisfying the Integral Part Test as a qualifying trust.
IRS990ScheduleA/Form990ScheduleAPartVIGrp/ExplanationTxt7The organization did not claim a discount for blockage or other factors.
IRS990ScheduleA/Form990ScheduleAPartVIGrp/ExplanationTxt8The organization is not a TYPE III functionally integrated 509 (a)(3) supporting organization.
IRS990ScheduleA/Form990ScheduleAPartVIGrp/ExplanationTxt9There were no distribution allocations made by the organization.
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0The value for land and buildings reflects their value after deducting accumulated depreciation of $1,207,492. The liabilities reflect $1,202,717 in secured mortgages and notes payable to unrelated third parties.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Part II, Line 26
ReturnHeader/BuildTS02025-03-06 01:10:19Z
ReturnHeader/BusinessOfficerGrp/PersonNm0Rick Swartz
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0Board Assistant Secretary
ReturnHeader/BusinessOfficerGrp/SignatureDt02025-05-07
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0MONTANA DEVELOPMENT CORPORATION
ReturnHeader/Filer/BusinessNameControlTxt0MONT
ReturnHeader/Filer/EIN0251672592
ReturnHeader/Filer/USAddress/AddressLine1Txt0113 North Pacific Avenue
ReturnHeader/Filer/USAddress/CityNm0Pittsburgh
ReturnHeader/Filer/USAddress/StateAbbreviationCd0PA
ReturnHeader/Filer/USAddress/ZIPCd015224
ReturnHeader/ReturnTs02025-05-07T21:10:16Z
ReturnHeader/ReturnTypeCd0990EZ
ReturnHeader/TaxPeriodBeginDt02024-01-01
ReturnHeader/TaxPeriodEndDt02024-12-31
ReturnHeader/TaxYr02024

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