Civic Intelligence

Homeword Inc.

990 • Fiscal year 2016 • EIN 81-0522626

Jul 01, 2015 to Jun 30, 2016 • Filed on Nov 10, 2016

Organization ProfileWWW.HOMEWORD.ORG
1535 Liberty Lane Ste 116AMissoula, MT 59808-2026

(406) 532-4663

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

28th percentile

0.06x

Higher debt load relative to assets than 28% of similar nonprofits.

2016 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2016

Liabilities / Revenue

60th percentile

0.37x

Higher debt load relative to revenue than 60% of similar nonprofits.

2016 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2016

Net Margin

94th percentile

58%

Higher net margin than 94% of similar nonprofits.

2016 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2016

Top Officer Pay

17th percentile

$80,632

Higher top officer pay than 17% of similar nonprofits.

Top officer pay equals 2.7% of source-year revenue.

2016 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2016

Asset Growth

75th percentile

10%

Faster asset growth than 75% of similar nonprofits.

2016 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2015 to 2016

Revenue Growth

98th percentile

355%

Faster revenue growth than 98% of similar nonprofits.

2016 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2015 to 2016

Balance Sheet
Liabilities / Assets28th percentile

Assets

Up

$17,841,515

Up $1,665,300 (+10%) from 2015

Net Assets

Up

$16,724,707

Up $1,758,210 (+12%) from 2015

Liabilities

Down

$1,116,808

Down $92,910 (-7.7%) from 2015

Revenue And Expenses
Liabilities / Revenue60th percentileNet Margin94th percentile

Revenue

Up

$3,031,797

Up $2,365,549 (+355%) from 2015

Expenses

Up

$1,273,587

Up $109,031 (+9.4%) from 2015

Net Income

Up

$1,758,210

Up $2,256,518 (+453%) from 2015

Historical Trend

Balance Sheet Trend

Asset Growth75th percentile

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$80M$60M$40M$20M$0Assets 2011: $12,434,549Liabilities 2011: $1,000,466Net Assets 2011: $11,434,0832011Assets 2012: $15,359,200Liabilities 2012: $1,458,493Net Assets 2012: $13,900,7072012Assets 2013: $16,429,847Liabilities 2013: $1,718,721Net Assets 2013: $14,711,1262013Assets 2014: $16,537,164Liabilities 2014: $1,072,359Net Assets 2014: $15,464,8052014Assets 2015: $16,176,215Liabilities 2015: $1,209,718Net Assets 2015: $14,966,4972015Assets 2016: $17,841,515Liabilities 2016: $1,116,808Net Assets 2016: $16,724,7072016Assets 2017: $19,284,800Liabilities 2017: $1,298,488Net Assets 2017: $17,986,3122017Assets 2018: $33,761,411Liabilities 2018: $13,570,281Net Assets 2018: $20,191,1302018Assets 2019: $41,985,060Liabilities 2019: $21,284,907Net Assets 2019: $20,700,1532019Assets 2020: $44,948,385Liabilities 2020: $22,431,719Net Assets 2020: $22,516,6662020Assets 2021: $50,405,260Liabilities 2021: $25,611,438Net Assets 2021: $24,793,8222021Assets 2022: $58,657,401Liabilities 2022: $25,562,100Net Assets 2022: $33,095,3012022Assets 2023: $58,911,808Liabilities 2023: $24,857,550Net Assets 2023: $34,054,2582023Assets 2024: $64,376,198Liabilities 2024: $24,461,498Net Assets 2024: $39,914,7002024Assets 2025: $65,077,123Liabilities 2025: $24,028,125Net Assets 2025: $41,048,9982025

Highlighted filing

2016

Assets$17,841,515
Liabilities$1,116,808
Net Assets$16,724,707
Open 2016 Filing

Operations Trend

Revenue Growth98th percentile

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$15M$10M$5.0M$0-$5.0MExpenses 2011: $866,8732011Expenses 2012: $1,031,6462012Revenue 2013: $1,696,925Expenses 2013: $944,852Net Income 2013: $752,0732013Revenue 2014: $1,467,470Expenses 2014: $1,036,895Net Income 2014: $430,5752014Revenue 2015: $666,248Expenses 2015: $1,164,556Net Income 2015: -$498,3082015Revenue 2016: $3,031,797Expenses 2016: $1,273,587Net Income 2016: $1,758,2102016Revenue 2017: $2,596,068Expenses 2017: $1,334,463Net Income 2017: $1,261,6052017Revenue 2018: $4,877,617Expenses 2018: $2,672,799Net Income 2018: $2,204,8182018Revenue 2019: $4,683,014Expenses 2019: $4,173,990Net Income 2019: $509,0242019Revenue 2020: $7,322,765Expenses 2020: $5,519,892Net Income 2020: $1,802,8732020Revenue 2021: $7,672,156Expenses 2021: $5,379,020Net Income 2021: $2,293,1362021Revenue 2022: $14,897,886Expenses 2022: $6,596,407Net Income 2022: $8,301,4792022Revenue 2023: $8,609,814Expenses 2023: $7,645,607Net Income 2023: $964,2072023Revenue 2024: $13,199,994Expenses 2024: $7,314,552Net Income 2024: $5,885,4422024Revenue 2025: $10,262,886Expenses 2025: $9,108,032Net Income 2025: $1,154,8542025

Highlighted filing

2016

Revenue$3,031,797
Expenses$1,273,587
Net Income$1,758,210
Open 2016 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2015 to Jun 30, 2016
Signed
Nov 10, 2016
Return Version
2015v2.1
Gross Receipts
$3,031,797
Mission and Program Overview

Mission

Homeword uses sustainable methods to provide safe, healthy homes that people can afford and strengthens the community through housing counseling and education.

Homeword uses sustainable methods to provide safe, healthy housing people can afford and strengthens community through housing counseling and education for those in need.

Balance Sheet Detail
LineBeginningEndChange
Assets
Other Notes and Loans Receivable, Net$11,360,764$12,921,792▲ $1,561,028
Land, Buildings, and Equipment, Net$2,057,064$1,935,431▼ $121,633
Accounts Receivable$1,120,411$1,004,093▼ $116,318
Investments Program Related$1,005,864$911,325▼ $94,539
Savings and Temporary Cash Investments$268,837$571,260▲ $302,423
Cash and Non-Interest-Bearing Accounts$357,936$493,555▲ $135,619
Prepaid Expenses and Deferred Charges$3,363$3,229▼ $134
Intangible Assets$1,545$830▼ $715
Total Assets$16,176,215$17,841,515▲ $1,665,300
Other Assets Total$431--
Liabilities
Mortgage Notes Payable Secured by Investment Property$980,455$959,735▼ $20,720
Accounts Payable and Accrued Expenses$121,434$110,430▼ $11,004
Other Liabilities$101,485$43,830▼ $57,655
Deferred Revenue$6,344$2,813▼ $3,531
Total Liabilities$1,209,718$1,116,808▼ $92,910
Net Assets / Fund Balance
Unrestricted Net Assets$14,966,497$16,724,707▲ $1,758,210
Total Net Assets Fund Balance$14,966,497$16,724,707▲ $1,758,210
Total Liabilities and Net Assets / Fund Balance$16,176,215$17,841,515▲ $1,665,300

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$1,507,696$1,713,803$3,221,499
Land$422,920-$422,920
Equipment$4,815$94,375$99,190
Investment Program Related Org$14--
Compensation and Service Providers
Top Officer Pay17th percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
Andrea DavisExecutive DiFT$69,741$10,891$80,632
Matt JosephFinance DirectorFT$59,986$10,246$70,232
Heather McmilinHousing DevFT$55,032$13,380$68,412
Kellie BattagliaOper & ProgFT$55,538$3,683$59,221

Board Members and Trustees

NameTitle
Kate JoycePresident
Anne HoslerBoard Member
Erin NostrantBoard Member
Jessica AllredBoard Member
Kate SutherlandBoard Member
Melissa KlimkiewiczBoard Member
Trent BakerBoard Member
Tyler GernantBoard Member
Willie BrownBoard Member
Janna MoserPast Preside
Sara NelsonSecretary
Colin BoyleTreasurer
Tyler JohnsonVice Preside
Revenue and Support

Revenue Composition

Contributions and Grants
$1,513,937
Program Service Revenue
$1,245,008
Investment Income
$16,610
Other Revenue
$256,242
All Other Contributions
$145,335
Change in Net Assets
$1,758,210
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$745,742
Other Expenses$527,845
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$288,965$5,799-$294,764
Current Officers, Directors, Trustees, and Key Employees$224,025$57,416-$281,441
Depreciation Depletion$119,650$2,698-$122,348
Other Employee Benefits$91,975$20,032-$112,007
Occupancy$102,092$3,784-$105,876
Payroll Taxes$37,789$9,457-$47,246
Office Expenses$38,772$1,682-$40,454
Travel$25,096$1,567-$26,663
Insurance$15,097$1,006-$16,103
Fees for Services Management$14,354--$14,354
Fees for Services Other$9,084$2,391-$11,475
Fees for Services Accounting-$11,145-$11,145
Pension Plan Contributions$8,264$2,020-$10,284
Interest$6,453$220-$6,673
Information Technology$1,856$1,874-$3,730
Other Expenses$2,984$502-$3,486
Total Functional Expenses$1,134,771$138,816$0$1,273,587
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
Yes
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Line of Credit$35,000
Funds Held in Trust$8,830
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
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
Yes
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, Page 6, Part VI, Line 11B

“The board finance committee reviews a draft of the 990 tax returns, and the full board approves the tax return upon recommendation from the finance committee before the return is filed.”

Form 990, Page 6, Part VI, Line 12C

“The organization monitors the policies in place, documents and takes corrective action.”

Form 990, Page 6, Part VI, Line 15A

“The organization uses comparability data, budget constraints, and industry standards when evaluating employee compensation. Upper management utilizes a reasonable pay matrix and annually evaluates all employees based on productivity and merit.”

Form 990, Page 6, Part VI, Line 15B

“The organization uses comparability data, budget constraints, and industry standards when evaluating employee compensation. Upper management utilizes a reasonable pay matrix and annually evaluates all employees based on productivity and merit.”

Form 990, Page 6, Part VI, Line 19

“Governing documents are made avaialbe on the website and upon request.”

Filing and Contact Details

Filer

Filer Name
Homeword Inc
EIN
81-0522626
Phone
4065324663
Address
1535 LIBERTY LANE STE 116A, MISSOULA, MT 59808-2026

Signing Officer

Name
Andrea Davis
Title
Executive Director
Phone
4065324663
Signed
2016-11-10
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Andrea Davis
Formed
1998
Legal Domicile
Mt
Voting Board Members
13
Independent Board Members
13
Employees
15
Volunteers
67

Preparer

Firm
Randall & Peterson Pc
Address
PO BOX 4325, MISSOULA, MT 59806-4325
Preparer
Loren W Randall
Phone
4067285539
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IRS990/Form990PartVIISectionAGrp/TitleTxt0PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt1VICE PRESIDE
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IRS990/PrincipalOfficerNm0ANDREA DAVIS
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IRS990/ProgramServiceRevenueGrp/Desc2LOW INC HOUSING LOAN INTEREST
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IRS990/ProgSrvcAccomActy2Grp/Desc0ASSET MANAGEMENT OVERSEES THE ASSET MANAGEMENT OF DEVELOPED PROPERTIES INCLUDING REGULATORY COMPLIANCE, OPERATIONS AND FINANCIAL MANAGEMENT ONCE DEVELOPMENT HAS COMPLETED FORMATION AND CONSTRUCTION OF THE TAX CREDIT PROPERTIES. ASSET MANAGEMENT CONTRACTS DAILY MANAGEMENT ACTIVITIES FOR OWNED PROPERTIES WITH QUALIFIED THIRD-PARTY PROPERTY MANAGEMENT COMPANIES. APPROXIMATELY 15% OF THE ORGANIZATION'S TOTAL REVENUE IS DERIVED FROM ASSET MANAGEMENT. THE MAJORITY OF ASSET MANAGEMENT REVENUE IS FROM ACCRUED INTEREST RESULTING FROM LOANS FASHIONED UPON PROJECT CREATION.
IRS990/ProgSrvcAccomActy2Grp/ExpenseAmt0584398
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IRS990/ProgSrvcAccomActy3Grp/Desc0THE ORGANIZATION'S HOMEOWNERSHIP CENTER PROVIDES A VARIETY OF COUNSELING AND EDUCATION SERVICES TO PEOPLE WITH LOW TO MODERATE INCOME AT NO COST, INCLUDING FINANCIAL EDUCATION, RENTER EDUCATION, HOUSING COUNSELING, HOMEBUYER EDUCATION AND FORECLOSURE INTERVENTION COUNSELING. SINCE 1997 THE ORGANIZATION HAS SERVED OVER 12,000 INDIVIDUALS WITH COUNSELING SERVICES, WITH OVER 1/3 OF THOSE HAVING SUBSEQUENTLY PURCHASED A HOME. COSTS ASSOCIATED WITH THE HOMEOWNERSHIP CENTER INCLUDE STAFF WAGES, SPACE RENT, TRAINING SUPPLIES, CHILD CARE, AND OTHER COSTS INCURRED IN PROVIDING THE TRAINING AND COUNSELING SERVICES.
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IRS990ScheduleA/Form990ScheduleAPartVIGrp/ExplanationTxt0MISC INCOME & ADJUSTMENTS 58,094
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Document Assets

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Filings

Displayed year

2016 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$17,841,515
Liabilities
$1,116,808
Net assets
$16,724,707
Revenue
$3,031,797
Expenses
$1,273,587
Net income
$1,758,210
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Detailed filing. Detailed filing data is available for this year.$65.1$24.0$41.0$10.3$9.11$1.15
2024XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$64.4$24.5$39.9$13.2$7.31$5.89
2023Detailed filing. Detailed filing data is available for this year.$58.9$24.9$34.1$8.61$7.65$0.96
2022Detailed filing. Detailed filing data is available for this year.$58.7$25.6$33.1$14.9$6.60$8.30
2021Detailed filing. Detailed filing data is available for this year.$50.4$25.6$24.8$7.67$5.38$2.29
2020Detailed filing. Detailed filing data is available for this year.$44.9$22.4$22.5$7.32$5.52$1.80
2019Detailed filing. Detailed filing data is available for this year.$42.0$21.3$20.7$4.68$4.17$0.51
2018Detailed filing. Detailed filing data is available for this year.$33.8$13.6$20.2$4.88$2.67$2.20
2017Summary only. Only limited summary data is available for this year.$19.3$1.30$18.0$2.60$1.33$1.26
2016Detailed filing. Detailed filing data is available for this year.$17.8$1.12$16.7$3.03$1.27$1.76
2015Detailed filing. Detailed filing data is available for this year.$16.2$1.21$15.0$0.67$1.16$0.50
2014Detailed filing. Detailed filing data is available for this year.$16.5$1.07$15.5$1.47$1.04$0.43
2013Summary only. Only limited summary data is available for this year.$16.4$1.72$14.7$1.70$0.94$0.75
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$15.4$1.46$13.9$1.03
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$12.4$1.00$11.4$0.87