PLATINUM2024

Big Sky Community Housing Trust

Homes for Residents

Big Sky, MT   |  https://bigskyhousingtrust.com/

Mission

The Mission of BSCHT is to enhance the availability of housing to support the local workforce and economy. BSCHT helped with construction & HOA Mgmt of MeadowView, a deed restricted condominium development for local workers. We provide Down Payment Assistance loans. BSCHT also works to increase affordable rental opportunities for the community's workforce, increasing supply, providing minor property management support, and educating the community regarding rental options.

Ruling year info

2020

Principal Officer

David O'Connor

Main address

PO Box 160164

Big Sky, MT 59716 USA

Show more contact info

EIN

84-3391892

NTEE code info

Housing Development, Construction, Management (L20)

IRS filing requirement

This organization is required to file an IRS Form 990 or 990-EZ.

Sign in or create an account to view Form(s) 990 for 2022, 2021 and 2021.
Register now

Communication

Programs and results

What we aim to solve

SOURCE: Self-reported by organization

We believe that everyone deserves a safe, stable place to call home. Unfortunately, many of our community members struggle to meet this basic need. Our most recent housing studies indicate our small resort community needs an additional 1,354 homes by 2028. Since at least 2020, Big Sky has maintained a 0% long-term rental vacancy rate. The lack of inventory impacts residents across all income levels, like Montana teachers struggling with the lowest starting salaries in the country. Simultaneously, the cost of purchasing a median-priced condo in Big Sky has hovered at $1 million for several years.

Our programs

SOURCE: Self-reported by organization

What are the organization's current programs, how do they measure success, and who do the programs serve?

Rent Local

The Rent Local Incentive program pays property owners cash to flip their vacation rental, spare bedroom, or vacant unit into a long-term rental for locals working in the Big Sky community.

Population(s) Served

Good Deeds reclaims housing inventory by purchasing permanent deed restrictions on existing properties for up to 20% of the appraised value. At least one occupant must work a minimum of 30 hours per week for a business located in Big Sky. The occupant can be either the homeowner or a long-term tenant. Short-term rentals are strictly prohibited.

Population(s) Served

MeadowView is a 52 Community Land Trust development sold to households working full-time in Big Sky, Montana. The income limit is 150% AMI. Construction of the final phase ended in 2021.

Population(s) Served

RiverView Apartments are 25 new apartments that welcomed home its first occupants in September 2024. BSCHT built these units using $6.5 million in federal Low Income Housing Tax Credits.

Population(s) Served
Economically disadvantaged people

Where we work

Our results

SOURCE: Self-reported by organization

How does this organization measure their results? It's a hard question but an important one.

Number of people in the area with access to affordable housing as a result of the nonprofit's efforts

This metric is no longer tracked.
Totals By Year
Type of Metric

Output - describing our activities and reach

Direction of Success

Increasing

Context Notes

Total people served across all programming

Goals & Strategy

SOURCE: Self-reported by organization

Learn about the organization's key goals, strategies, capabilities, and progress.

Charting impact

Four powerful questions that require reflection about what really matters - results.

We envision a community where all residents have stable homes.

One key strategy is to reclaim existing housing lost to the vacation rental market through programs like Rent Local and Good Deeds. This approach provides immediate inventory.

Another strategy involves partnerships to build new, permanently affordable homes, such as MeadowView Condos, RiverView Apartments, and the future Cold Smoke neighborhood.

Financials

Big Sky Community Housing Trust
lock

Unlock financial insights by subscribing to our monthly plan.

Subscribe

Unlock nonprofit financial insights that will help you make more informed decisions. Try our monthly plan today.

  • Analyze a variety of pre-calculated financial metrics
  • Access beautifully interactive analysis and comparison tools
  • Compare nonprofit financials to similar organizations

Want to see how you can enhance your nonprofit research and unlock more insights?
Learn more about GuideStar Pro.

Operations

The people, governance practices, and partners that make the organization tick.

lock

Connect with nonprofit leaders

Subscribe

Build relationships with key people who manage and lead nonprofit organizations with GuideStar Pro. Try a low commitment monthly plan today.

  • Analyze a variety of pre-calculated financial metrics
  • Access beautifully interactive analysis and comparison tools
  • Compare nonprofit financials to similar organizations

Want to see how you can enhance your nonprofit research and unlock more insights? Learn More about GuideStar Pro.

lock

Connect with nonprofit leaders

Subscribe

Build relationships with key people who manage and lead nonprofit organizations with GuideStar Pro. Try a low commitment monthly plan today.

  • Analyze a variety of pre-calculated financial metrics
  • Access beautifully interactive analysis and comparison tools
  • Compare nonprofit financials to similar organizations

Want to see how you can enhance your nonprofit research and unlock more insights? Learn More about GuideStar Pro.

Big Sky Community Housing Trust

Board of directors
as of 11/14/2024
SOURCE: Self-reported by organization
Board chair

David Brown

Yellowstone Club

Rick Simkins

HRDC

Stephen Brown

UBS

Mark Dean

Citi Community Capital (Retired)

Kenny Holz

Yellowtail Residences

Shannon Sears

Michelle Frederick

Big Sky Resort

Mia Lennon

Big Sky Real Estate Co.

Cryder Bancroft

Lone Mountain Land Co.

Lindsey Putnam

Yellowstone Club Community Foundation

Brad Niva

Big Sky Chamber of Commerce

Board leadership practices

SOURCE: Self-reported by organization

GuideStar worked with BoardSource, the national leader in nonprofit board leadership and governance, to create this section.

  • Board orientation and education
    Does the board conduct a formal orientation for new board members and require all board members to sign a written agreement regarding their roles, responsibilities, and expectations? Yes
  • CEO oversight
    Has the board conducted a formal, written assessment of the chief executive within the past year ? Yes
  • Ethics and transparency
    Have the board and senior staff reviewed the conflict-of-interest policy and completed and signed disclosure statements in the past year? Yes
  • Board composition
    Does the board ensure an inclusive board member recruitment process that results in diversity of thought and leadership? Yes
  • Board performance
    Has the board conducted a formal, written self-assessment of its performance within the past three years? Yes

Organizational demographics

SOURCE: Self-reported; last updated 11/14/2024
info Candid has made improvements to the race and ethnicity options.

Who works and leads organizations that serve our diverse communities? Candid partnered with CHANGE Philanthropy on this demographic section.

Leadership

The organization's leader identifies as:

Race & ethnicity
White/Caucasian/European
Gender identity
Male, Not transgender
Sexual orientation
Heterosexual or Straight
Disability status
Person without a disability

Race & ethnicity

No data

Gender identity

Transgender Identity

Sexual orientation

No data

Disability

No data

Equity strategies

Last updated: 11/14/2024

GuideStar partnered with Equity in the Center - an organization that works to shift mindsets, practices, and systems to increase racial equity - to create this section. Learn more

Data
  • We disaggregate data to adjust programming goals to keep pace with changing needs of the communities we support.
  • We employ non-traditional ways of gathering feedback on programs and trainings, which may include interviews, roundtables, and external reviews with/by community stakeholders.
  • We have long-term strategic plans and measurable goals for creating a culture such that one’s race identity has no influence on how they fare within the organization.
Policies and processes
  • We have community representation at the board level, either on the board itself or through a community advisory board.