Civic Intelligence

Sherwood Inn Apartments Inc

EIN 27-0037218 • 501(c)3 • Bozeman, MT

Profile

Provide low-income housing

32 S Tracy AveBozeman, MT 59715

n/A

Siviq Scores

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

Liabilities / Assets

71st percentile

0.03x

Higher debt load relative to assets than 71% of similar nonprofits.

501(c)3 • <$500k nonprofits • Source year 2025

Liabilities / Revenue

83rd percentile

0.11x

Higher debt load relative to revenue than 83% of similar nonprofits.

501(c)3 • <$500k nonprofits • Source year 2025

Net Margin

33rd percentile

-7.7%

Higher net margin than 33% of similar nonprofits.

501(c)3 • <$500k nonprofits • Source year 2025

Top Officer Pay

99th percentile

$160,576

Higher top officer pay than 99% of similar nonprofits.

Top officer pay equals 1178.8% of source-year revenue.

501(c)3 • <$500k nonprofits • Source year 2025

Asset Growth

49th percentile

-2.8%

Faster asset growth than 49% of similar nonprofits.

501(c)3 • <$500k nonprofits • Annualized from 2024 to 2025

Revenue Growth

78th percentile

31%

Faster revenue growth than 78% of similar nonprofits.

501(c)3 • <$500k nonprofits • Annualized from 2024 to 2025

Assets

Down

$55,852

Down $1,597 (-2.8%) from 2024

Liabilities

Down

$1,444

Down $547 (-27%) from 2024

Net Assets

Down

$54,408

Down $1,050 (-1.9%) from 2024

Revenue

Up

$13,622

Up $3,262 (+31%) from 2024

Expenses

Up

$14,672

Up $4,886 (+50%) from 2024

Net Income

Down

-$1,050

Down $1,624 (-283%) from 2024

Trend Graphs

Balance Sheet Trend

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

$1.5M$1.0M$500K$0Assets 2015: $1,090,175Liabilities 2015: $663,475Net Assets 2015: $426,7002015Assets 2016: $1,094,988Liabilities 2016: $628,245Net Assets 2016: $466,7432016Assets 2017: $1,105,256Liabilities 2017: $600,514Net Assets 2017: $504,7422017Assets 2018: $1,048,321Liabilities 2018: $561,921Net Assets 2018: $486,4002018Assets 2019: $1,012,709Liabilities 2019: $511,543Net Assets 2019: $501,1662019Assets 2020: $1,061,127Liabilities 2020: $472,915Net Assets 2020: $588,2122020Assets 2021: $1,230,670Liabilities 2021: $845,850Net Assets 2021: $384,8202021Assets 2022: $53,975Liabilities 2022: $1,977Net Assets 2022: $51,9982022Assets 2023: $57,103Liabilities 2023: $2,219Net Assets 2023: $54,8842023Assets 2024: $57,449Liabilities 2024: $1,991Net Assets 2024: $55,4582024Assets 2025: $55,852Liabilities 2025: $1,444Net Assets 2025: $54,4082025

Highlighted filing

2025

Assets$55,852
Liabilities$1,444
Net Assets$54,408

Operations Trend

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

$4.0M$3.0M$2.0M$1.0M$0-$1.0MRevenue 2015: $351,717Expenses 2015: $428,439Net Income 2015: -$76,7222015Revenue 2016: $354,692Expenses 2016: $314,649Net Income 2016: $40,0432016Revenue 2017: $364,366Expenses 2017: $326,367Net Income 2017: $37,9992017Revenue 2018: $374,238Expenses 2018: $345,789Net Income 2018: $28,4492018Revenue 2019: $385,304Expenses 2019: $370,538Net Income 2019: $14,7662019Revenue 2020: $399,026Expenses 2020: $311,980Net Income 2020: $87,0462020Revenue 2021: $3,391,183Expenses 2021: $2,702,343Net Income 2021: $688,8402021Revenue 2022: $78,847Expenses 2022: $11,819Net Income 2022: $67,0282022Revenue 2023: $11,260Expenses 2023: $8,374Net Income 2023: $2,8862023Revenue 2024: $10,360Expenses 2024: $9,786Net Income 2024: $5742024Revenue 2025: $13,622Expenses 2025: $14,672Net Income 2025: -$1,0502025

Highlighted filing

2025

Revenue$13,622
Expenses$14,672
Net Income-$1,050

Filings

Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jul 1, 2024 to Jun 30, 2025
Signed
Feb 24, 2026
Return Version
2024v5.2
Gross Receipts
$13,622
Mission and Program Overview

Mission

Provide low-income housing

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$43,553$41,705▼ $1,848
Cash and Non-Interest-Bearing Accounts$14,396$15,171▲ $775
Savings and Temporary Cash Investments-$0-
Other Notes and Loans Receivable, Net-$0-
Pledges and Grants Receivable-$0-
Receivable From Disqualified Prsn-$0-
Receivables From Officers Etc-$0-
Investments Other Securities-$0-
Investments Program Related-$0-
Investments in Publicly Traded Securities-$0-
Intangible Assets-$0-
Inventories for Sale or Use-$0-
Prepaid Expenses and Deferred Charges-$0-
Accounts Receivable$-500$-1,024▼ $524
Total Assets$57,449$55,852▼ $1,597
Other Assets Total-$0-
Liabilities
Other Liabilities$1,040$953▼ $87
Accounts Payable and Accrued Expenses$951$491▼ $460
Total Liabilities$1,991$1,444▼ $547
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$55,458$54,408▼ $1,050
Total Net Assets Fund Balance$55,458$54,408▼ $1,050
Total Liabilities and Net Assets / Fund Balance$57,449$55,852▼ $1,597

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$15,855$39,562$55,417
Land$25,850-$25,850
Compensation and Service Providers

Employees

NameTitleOtherTotal
Mark WoodardTreasurer$149,239$149,239
Sara SavageSecretary$144,914$144,914
Lila FleishmanVice President$126,366$126,366
Thomas LeeBoard Member$116,584$116,584
Alyse BakerBoard Member$89,196$89,196
Daniel McinerneyBoard Member$85,620$85,620

Board Members and Trustees

NameTitle
Heather GrenierPresident
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$13,615
Investment Income
$7
Other Revenue
$0
Change in Net Assets
$-1,050

Audited Revenue Reconciliation

Revenue per Audited Statements
$13,622
Total Revenue per Audited Statements
$13,622
Total Revenue per Form 990
$13,622
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$11,961
Salaries, Compensation, and Employee Benefits$2,711
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Occupancy$3,466--$3,466
Other Salaries and Wages$1,393$1,318-$2,711
Depreciation Depletion$1,847--$1,847
Insurance$1,382--$1,382
Fees for Services Accounting-$550-$550
Office Expenses$50--$50
Other Expenses$13--$13
Total Functional Expenses$12,804$1,868$0$14,672

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$14,672
Total Expenses per Audited Statements$14,672
Total Expenses per Form 990$14,672
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Receivables from Disqualified Persons-$0-
Receivables from Officers, Directors, Trustees, and Key Employees-$0-
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Rental Deposits$953
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
Yes
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
No
Other officer compensation reviewed
Yes
Conflict-of-interest policy
Yes
Audited financial statements prepared
Yes
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section A, Line 2

Heather grenier, president - business relationship: hrdc of district ix inc, presidentall board members - business relationship: officers/directors are full time employees of hrdc of district ix, inc.

Form 990, Part VI, Section B, Line 11B

The governing body is provided a copy of the draft form 990 for review.the treasurer and president perform an in depth review of the form 990prior to filing.

Form 990, Part VI, Section B, Line 12C

Board members must disclose immediately any situation in which a conflictof interest or apparent conflict of interest arises. The board member thenis excused from further discussion regarding the issues creating theconflict.

Form 990, Part VI, Section B, Line 15B

No officers are compensated by this entity.

Form 990, Part VI, Section C, Line 19

Governing documents, policies, financial statements, and 990 tax forms areavailable upon request at the organization's administrative offices.

Filing and Contact Details

Filer

Filer Name
Sherwood Inn Apartments Inc
EIN
27-0037218
Phone
4065874486
Address
32 S TRACY AVE, BOZEMAN, MT 59715

Signing Officer

Name
Heather Grenier
Title
President
Signed
2026-02-24
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Heather Grenier
Formed
2001
Legal Domicile
Mt
Voting Board Members
7
Independent Board Members
0
Employees
0
Volunteers
7

Preparer

Firm
Carver Florek & James LLC
Address
2315 McDonald Avenue Suite 300, Missoula, MT 59801
Preparer
Angel Sharp CPA
Phone
4067285539
Supplemental Narrative

Additional Explanations

Form 990, Part XII, Line 2C

The process has not changed from the prior year.

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IRS990/RevenueAmt013615
IRS990/RoyaltiesGrp/TotalAmt00
IRS990/RoyaltiesRevenueGrp/TotalRevenueColumnAmt00
IRS990/SavingsAndTempCashInvstGrp/EOYAmt00
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IRS990ScheduleA/Form990SchASupportingOrgGrp/ContributionControllerInd0false
IRS990ScheduleA/Form990SchASupportingOrgGrp/ContributionFamilyInd0false
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IRS990ScheduleA/Form990SchASupportingOrgGrp/DisqualifiedPrsnControllIntInd0false
IRS990ScheduleA/Form990SchASupportingOrgGrp/DisqualifiedPrsnOwnrIntInd0false
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IRS990ScheduleA/Form990SchASupportingOrgGrp/PaymentSubstantialContribtrInd0false
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IRS990ScheduleA/Form990SchAType1SuprtOrgGrp/OperateBenefitNonSuprtOrgInd0false
IRS990ScheduleA/Form990SchAType1SuprtOrgGrp/PowerAppointMajorityDirTrstInd0true
IRS990ScheduleA/OtherSupportSumAmt00
IRS990ScheduleA/SupportedOrganizationsCnt01
IRS990ScheduleA/SupportedOrganizationsTotalCnt01
IRS990ScheduleA/SupportedOrgInformationGrp/EIN0810350886
IRS990ScheduleA/SupportedOrgInformationGrp/GoverningDocumentListedInd0false
IRS990ScheduleA/SupportedOrgInformationGrp/OrganizationTypeCd07
IRS990ScheduleA/SupportedOrgInformationGrp/OtherSupportAmt00
IRS990ScheduleA/SupportedOrgInformationGrp/SupportAmt00
IRS990ScheduleA/SupportedOrgInformationGrp/SupportedOrganizationName/BusinessNameLine1Txt0HRDC OF DISTRICT IX INC
IRS990ScheduleA/SupportingOrganization509a3Ind0X
IRS990ScheduleA/SupportingOrgType1Ind0X
IRS990/ScheduleBRequiredInd0false
IRS990ScheduleD/BuildingsGrp/BookValueAmt015855
IRS990ScheduleD/BuildingsGrp/DepreciationAmt039562
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt055417
IRS990ScheduleD/ExpensesSubtotalAmt014672
IRS990ScheduleD/LandGrp/BookValueAmt025850
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt025850
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt0953
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0RENTAL DEPOSITS
IRS990ScheduleD/RevenueSubtotalAmt013622
IRS990ScheduleD/TotalBookValueLandBuildingsAmt041705
IRS990ScheduleD/TotalExpensesPerForm990Amt014672
IRS990ScheduleD/TotalLiabilityAmt0953
IRS990ScheduleD/TotalRevenuePerForm990Amt013622
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt013622
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt014672
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IRS990ScheduleJ/CompBasedOnRevenueOfFlngOrgInd0false
IRS990ScheduleJ/CompBsdNetEarnsFlngOrgInd0false
IRS990ScheduleJ/CompBsdNetEarnsRltdOrgsInd0false
IRS990ScheduleJ/CompBsdOnRevRelatedOrgsInd0false
IRS990ScheduleJ/EquityBasedCompArrngmInd0false
IRS990ScheduleJ/InitialContractExceptionInd0false
IRS990/ScheduleJRequiredInd0true
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompensationBasedOnRltdOrgsAmt0147558
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsRltdOrgsAmt013018
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm0HEATHER GRENIER
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt0President
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationRltdOrgsAmt0160576
IRS990ScheduleJ/SeverancePaymentInd0false
IRS990ScheduleJ/SupplementalNonqualRtrPlanInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0HEATHER GRENIER, PRESIDENT - BUSINESS RELATIONSHIP: HRDC OF DISTRICT IX INC, PRESIDENTALL BOARD MEMBERS - BUSINESS RELATIONSHIP: OFFICERS/DIRECTORS ARE FULL TIME EMPLOYEES OF HRDC OF DISTRICT IX, INC.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE GOVERNING BODY IS PROVIDED A COPY OF THE DRAFT FORM 990 FOR REVIEW.THE TREASURER AND PRESIDENT PERFORM AN IN DEPTH REVIEW OF THE FORM 990PRIOR TO FILING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2BOARD MEMBERS MUST DISCLOSE IMMEDIATELY ANY SITUATION IN WHICH A CONFLICTOF INTEREST OR APPARENT CONFLICT OF INTEREST ARISES. THE BOARD MEMBER THENIS EXCUSED FROM FURTHER DISCUSSION REGARDING THE ISSUES CREATING THECONFLICT.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3NO OFFICERS ARE COMPENSATED BY THIS ENTITY.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4GOVERNING DOCUMENTS, POLICIES, FINANCIAL STATEMENTS, AND 990 TAX FORMS AREAVAILABLE UPON REQUEST AT THE ORGANIZATION'S ADMINISTRATIVE OFFICES.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5THE PROCESS HAS NOT CHANGED FROM THE PRIOR YEAR.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990, Part VI, Section A, Line 2
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990, Part VI, Section B, Line 11b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Form 990, Part VI, Section B, Line 12c
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Form 990, Part VI, Section B, Line 15b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4Form 990, Part VI, Section C, Line 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5Form 990, Part XII, Line 2c
IRS990ScheduleR/AssetExchangeInd0false
IRS990ScheduleR/AssetPurchaseFromOtherOrgInd0false
IRS990ScheduleR/AssetSaleToOtherOrgInd0false
IRS990ScheduleR/DivRelatedOrganizationInd0false
IRS990ScheduleR/GiftGrntCapContriFromOthOrgInd0false
IRS990ScheduleR/GiftGrntOrCapContriToOthOrgInd0false
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd0false
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd1false
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd2false
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd3false
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DirectControllingEntityName/BusinessNameLine1Txt0NA
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DirectControllingEntityName/BusinessNameLine1Txt1HRDC OF DISTRICT IX INC
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DirectControllingEntityName/BusinessNameLine1Txt2HRDC OF DISTRICT IX INC
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DirectControllingEntityName/BusinessNameLine1Txt3HRDC OF DISTRICT IX INC
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt0HRDC OF DISTRICT IX INC
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt1SUMMIT APARTMENTS INC
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt2THE HOME CORPORATION
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt3HRDC GRIFFIN PLACE HOLDING CORP
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/EIN0810350886
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/EIN1810542899
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/EIN2810511380
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/EIN3881155886
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ExemptCodeSectionTxt0501(C)(3)
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ExemptCodeSectionTxt1501(C)(3)
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ExemptCodeSectionTxt2501(C)(2)
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ExemptCodeSectionTxt3501(C)(3)
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/LegalDomicileStateCd0MT
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/LegalDomicileStateCd1MT
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/LegalDomicileStateCd2MT
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/LegalDomicileStateCd3MT
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PrimaryActivitiesTxt0COMMUNITY ACTION AGENCY
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PrimaryActivitiesTxt1LOW INCOME HOUSING
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PrimaryActivitiesTxt2LOW INCOME HOUSING
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PrimaryActivitiesTxt3LOW INCOME HOUSING
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PublicCharityStatusTxt0LINE 7
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PublicCharityStatusTxt1LINE 12A, I
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PublicCharityStatusTxt2LINE 12A, I
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/AddressLine1Txt032 S TRACY AVE
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/AddressLine1Txt132 S TRACY AVE
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/AddressLine1Txt232 S TRACY AVE
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/AddressLine1Txt332 S TRACY AVE
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/CityNm0BOZEMAN
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/CityNm1BOZEMAN
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/CityNm2BOZEMAN
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/CityNm3BOZEMAN
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/StateAbbreviationCd0MT
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/StateAbbreviationCd1MT
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/StateAbbreviationCd2MT
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/StateAbbreviationCd3MT
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/ZIPCd059715
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/ZIPCd159715

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