2025-11-17T15:34:11-08:00 2024-12-31 461592906 Jones Simkins LLC 1011 West 400 North Suite 100 Logan UT 84321 990 2024-01-01 830297131 JACKSON HOLE COMMUNITY HOUSING TRUST JACK 3077390665 PO BOX 4498 JACKSON WY 83001 ANNE CRESSWELL Executive Director 2025-11-17 true true RICK E ARNELL CPA P01337052 4357521510 2024 2025-03-06 01:10:19Z ANNE CRESSWELL PO BOX 4498 JACKSON WY 83001 6872082 false X WWW.HOUSINGTRUSTJH.ORG X 1991 WY THE MISSION OF THE JACKSON HOLE COMMUNITY HOUSING TRUST (CHT) IS TO CONSERVE COMMUNITY IN TETON COUNTY BY DEVELOPING ESSENTIAL, AFFORDABLE HOUSING. THE CHT IS DEDICATED TO THE PROVISION, MANAGEMENT, AND ADMINISTRATION OF AFFORDABLE RENTAL AND OWNERSHIP HOUSING IN TETON COUNTY, WYOMING. IN AS SUCH, THE MISSION OF THE CHT INCLUDES REDUCING THE BURDEN ON GOVERNMENTAL ENTITIES THAT DEMONSTRATE GROWING CHALLENGES IN PROVIDING STABLE, AFFORDABLE HOUSING FOR THEIR EMPLOYEES AS PART OF THEIR ESSENTIAL FUNCTIONS. 10 10 7 11 0 10509509 2932789 881620 944845 -1267148 -3029321 0 10123981 848313 0 0 765927 599426 0 271844 1326833 1040850 2092760 1640276 8031221 -791963 43371552 47041378 5814617 9009629 37556935 38031749 THE MISSION OF THE JACKSON HOLE COMMUNITY HOUSING TRUST (CHT) IS TO CONSERVE COMMUNITY IN TETON COUNTY BY DEVELOPING ESSENTIAL, AFFORDABLE HOUSING. THE CHT IS DEDICATED TO THE PROVISION, MANAGEMENT, AND ADMINISTRATION OF AFFORDABLE RENTAL AND OWNERSHIP HOUSING IN TETON COUNTY, WYOMING. IN AS SUCH, THE MISSION OF THE CHT INCLUDES REDUCING THE BURDEN ON GOVERNMENTAL ENTITIES THAT DEMONSTRATE GROWING CHALLENGES IN PROVIDING STABLE, AFFORDABLE HOUSING FOR THEIR EMPLOYEES AS PART OF THEIR ESSENTIAL FUNCTIONS. false false 867051 815160 JACKSON HOLE COMMUNITY HOUSING TRUST (CHT) OWNS AND MANAGES 41 AFFORDABLE RENTAL UNITS IN JACKSON, WY. THE CHT IS RESPONSIBLE FOR THE ANNUAL RE-QUALIFICATION OF EACH HOUSEHOLD, LEASE PREPARATION, FINANCIAL MANAGEMENT, AND ALL MAINTENANCE AND OPERATIONS. 195159 AS THE NEED FOR AFFORDABLE HOUSING IN TETON COUNTY GROWS, THE HOUSING TRUST WORKS TO ADD TO ITS INVENTORY OF AFFORDABLE HOUSING FOR RENT AND FOR SALE. AS A NOT-FOR-PROFIT DEVELOPER OF AFFORDABLE HOUSING, THIS SCOPE INCLUDES, BUT IS NOT LIMITED TO, LAND ACQUISITION; PRECONSTRUCTION DUE DILIGENCE; FINANCIAL ANALYSIS; COORDINATING ARCHITECTS, ENGINEERS, AND CONTRACTORS; BUDGET DEVELOPMENT AND FUNDRAISING. IN 2024, THE HOUSING TRUST'S DEVELOPMENT EFFORTS WERE FOCUSED ON THE DEVELOPMENT OF 20 AFFORDABLE HOMES AT 620 EAST HANSEN. SPECIFICALLY, HOUSING TRUST STAFF FINALIZED DESIGN, SECURED CONSTRUCTION FINANCING, AND CONTINUED FUNDRAISING EFFORTS REQUIRED TO ENSURE THE AFFORDABILITY OF THE UNITS FOR INCOME QUALIFIED BUYERS. CHT BROKE GROUND ON THIS PROJECT ON APRIL 15,2024. ALSO IN 2024, STAFF WORKED ON DESIGN AND DEVELOPMENT OF ITS NEXT AFFORDABLE RENTAL PROJECT - 36 UNITS ON NELSON DRIVE IN PARTNERSHIP WITH THE BRIDGER TETON NATIONAL FOREST. 65053 129685 SINCE 1991, THE HOUSING TRUST HAS DEVELOPED OR ACQUIRED 165 HOMES FOR SALE. THE AFFORDABILITY OF EACH HOME IS PROTECTED IN PERPETUITY BY A 99-YEAR GROUND LEASE OR SPECIAL RESTRICTION RECORDED AGAINST THE PROPERTY. CENTRAL TO THE STEWARDSHIP OF THESE ASSETS ARE THE MANAGEMENT AND ADMINISTRATION OF THE RESTRICTION ASSOCIATED WITH EACH HOME. IN CONCERT WITH THIS SCOPE OF WORK, STAFF ENSURES THAT THE HOUSING TRUST LEGAL, FINANCIAL, AND LENDING GUIDELINES ARE CURRENT WITH FEDERAL REQUIREMENTS. IN ADDITION, EACH TIME A HOUSING TRUST HOME IS SOLD OR RE-SOLD, HOUSING TRUST STAFF WORKS TO ENSURE EVERY BUYER IS INCOME QUALIFIED AND EDUCATED ABOUT DEED RESTRICTED HOUSING AND THEN SUCCESSFULLY FACILITATES THE SALE. TO QUICKLY FACILITATE THE LEASE OR SALE OF AN AFFORDABLE HOME, THE HOUSING TRUST ACTIVELY MANAGES A GROWING DATABASE OF INCOME-QUALIFIED APPLICANTS (ABOUT 1,500 ACTIVE HOUSEHOLDS HAVE REGISTERED ON OUR WAITING LIST). EVERY APPLICANT IS REQUIRED TO COMPLETE A COMPREHENSIVE APPLICATION TO BE CONSIDERED FOR AN AFFORABLE HOUSING OPPORTUNITY. 1127263 true true false false false false false false false false true false false false true false false false false false false false false false false false false false false true false false false false false false false false true false false false true false false false false true 14 0 false 7 true false false false false false false true 1 false false false false false false false X 10 10 false false false false false false false true true false false true true true true true true true true false X ANNE CRESSWELL 3077390665 PO BOX 4498 JACKSON WY 830014498 ANNE CRESSWELL Executive Dir. 40.00 0.00 X 192980 0 25026 ALISON LEE Project Development Director 40.00 0.00 158041 0 22781 JENNIFER SCOTT Director of RE & Property Mgmt 40.00 0.00 135661 0 15243 LANNIE HOGLUND Secretary 1.00 0.00 X X 0 0 0 ALEXIS DITTMER Vice President 1.00 0.00 X X 0 0 0 ETHAN STEINBERG Treasurer 1.00 0.00 X X 0 0 0 JULIE FERGUSON Director 1.00 0.00 X 0 0 0 VAN DAVIS Director 1.00 0.00 X 0 0 0 BERTE HIRSCHFIELD President 1.00 0.00 X X 0 0 0 JOHN D MILLHAM Director 1.00 0.00 X 0 0 0 DEBORAH RAMO Director 1.00 0.00 X 0 0 0 SHELLEY HOLLAND Director 1.00 0.00 X 0 0 0 DAVID GOMEZ Director 1.00 0.00 X 0 0 0 486682 63050 3 false true false 0 268699 50000 2614090 1322000 2932789 APPLICATION FEES 531390 3760 3760 GROUND LEASE FEES 531390 129685 129685 MANAGEMENT FEE 531390 16656 16656 OTHER FEES 531390 7932 7932 RENTAL INCOME 531390 786812 786812 944845 234408 234408 0 0 0 1360040 1400000 1333214 4690555 26826 -3290555 -3263729 -3360694 96965 0 0 0 0 848313 -2415849 331373 0 0 0 0 218006 87203 54501 76302 0 277959 195612 53413 28934 9387 6606 1804 977 34461 24252 6622 3587 59613 41953 11455 6205 21440 21440 1524 146 845 533 21500 2055 11923 7522 0 0 0 111271 10634 61706 38931 89986 89986 20947 10473 5237 5237 0 0 60836 41126 9855 9855 2445 2445 0 0 187683 187683 0 323567 319577 2660 1330 92752 79729 13023 REPAIRS & MAINTENANCE 97804 97804 miscellaneous expenses 8392 267 8125 GROUND LEASE EXPENSE 703 703 0 1640276 1127263 241169 271844 226159 2394350 2599608 577734 364918 6731 0 0 0 0 237945 81630 45409521 1803163 33599154 43606358 1333214 0 0 0 35600 25200 5193555 130774 43371552 47041378 92293 1294013 575461 516703 3475785 7098371 1671078 100542 5814617 9009629 X 24893378 37052784 12663557 978965 37556935 38031749 43371552 47041378 X -791963 1266777 X true X false true false X 2347619 11016826 9621511 10509509 2932789 36428254 0 0 2347619 11016826 9621511 10509509 2932789 36428254 20561272 15866982 9020 1191 3355 42310 234408 290284 0 0 36718538 4042901 0.43210 0.39910 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 20846327 20846327 11240124 1701163 9538961 88913 37343 51570 79234 64657 14577 13154923 13154923 43606358 Operating Lease Liabilities 22912 Security Deposits 77630 100542 X X X X false false false false false false false false false ALISON LEE Project Development Director 148041 10000 3600 19181 180822 ANNE CRESSWELL Executive Dir. 177980 15000 4567 20459 218006 JENNIFER SCOTT Director of RE & Property Mgmt 125661 10000 3770 11473 150904 X 1 1322000 Appraisal false false false Form 990, Part VI, Section B, Line 11b The DRAFT OF FORM 990 IS PROVIDED TO THE EXECUTIVE DIRECTOR, members of the Board, and THE HOUSING TRUST'S CPA FOR REVIEW AND APPROVAL IN ADVANCE OF THE EXTENDED DUE DATE OF THE TAX RETURN. ALL QUESTIONS ARE ANSWERED AND ADDRESSED BY REQUISITE CONSULTANTS AS APPROPRIATE. RECOMMENDED CHANGES ARE THEN INCORPORATED INTO THE FINAL TAX RETURN WHICH IS FILED BY THE EXTENDED DUE DATE. THE FINAL FORM 990 IS PRESENTED BY THE HOUSING TRUST'S CPA TO THE FULL BOARD AT THE NEXT REGULARLY SCHEDULED MEETING OF THE BOARD OF DIRECTORS. Form 990, Part VI, Section B, Line 12c EACH FISCAL YEAR, EACH DIRECTOR WILL MAKE A FULL, WRITTEN DISCLOSURE OF INTERESTS, RELATIONSHIPS, AND HOLDINGS THAT COULD POTENTIALLY RESULT IN A CONFLICT OF INTEREST. IN THE COURSE OF MEETINGS OF THE BOARD, EACH DIRECTOR IS REQUIRED TO DISCLOSE ANY INTEREST IN A TRANSACTION WHERE THERE COULD BE A CONFLICT OF INTEREST. THE DIRECTOR WILL NOT BE PERMITTED TO VOTE ON THE QUESTION AND THE DIRECTOR WILL BE ASKED TO LEAVE THE ROOM FOR THE FINAL DISCUSSION. ALL NAMES, DISCLOSURES, AND DISCUSSION POINTS AND DECISIONS ARE RECORDED IN THE MEETING MINUTES. Form 990, Part VI, Section B, Line 15a THE BOARD OF DIRECTORS IS REQUIRED TO ADHERE TO THE FOLLOWING PROCESS WHEN REVIEWING AND APPROVING THE COMPENSATION PACKAGE OF THE EXECUTIVE DIRECTOR: ALL DECISION MAKERS OF THE BOARD MUST BE IMPARTIAL AND MUST NOT HAVE CONFLICT OF INTEREST WITH THE EMPLOYEE; THE BOARD MUST RELY ON COMPARABILITY DATA THAT DEMONSTRATES THE FAIR MARKET VALUE OF THE COMPENSATION OF SIMILARLY QUALIFIED INDIVIDUALS IN LIKE POSITIONS AT LIKE ORGANIZATIONS; THE BOARD MUST DOCUMENT HOW IT REACHED ITS DECISIONS, THE TERMS OF THE COMPENSATION PACKAGE, THE DATE APPROVED AND THE MEMBERS OF THE BOARD WHO PARTICIPATED IN THE DISCUSSION AND FINAL DECISION. MINUTES MUST INCLUDE THE DATA ON WHICH THE BOARD RELIED. Form 990, Part VI, Section B, Line 15b THE BOARD OF DIRECTORS IS REQUIRED TO ADHERE TO THE FOLLOWING PROCESS WHEN REVIEWING AND APPROVING THE COMPENSATION PACKAGE OF ANY OTHER HIGHLY COMPENSATED EMPLOYEE: ALL DECISION MAKERS OF THE BOARD MUST BE IMPARTIAL AND MUST NOT HAVE A CONFLICT OF INTEREST WITH THE EMPLOYEE; THE BOARD MUST RELY ON COMPARABILITY DATA THAT DEMONSTRATES THE FAIR MARKET VALUE OF THE COMPENSATION OF SIMILARLY QUALIFIED INDIVIDUALS IN LIKE POSITIONS AT LIKE ORGANIZATIONS; THE BOARD MUST DOCUMENT HOW IT REACHED ITS DECISIONS, THE TERMS OF THE COMPENSATION PACKAGE, THE DATE APPROVED, AND THE MEMBERS OF THE BOARD WHO PARTICIPATED IN THE DISCUSSION AND FINAL DECISION. MINUTES MUST INCLUDE THE DATA ON WHICH THE BOARD RELIED. Form 990, Part VI, Section C, Line 19 THE FOLLOWING DOCUMENTS OF THE ORGANIZATION ARE MADE AVAILABLE TO THE PUBLIC UPON REQUEST: FORM 1023 APPLICATION OF EXEMPTION, IRS DETERMINATION LETTER OF EXEMPTION, ANY AND ALL FORM 990'S, THE CONFLICT OF INTEREST POLICY OF THE ORGANIZATION, ARTICLES OF INCORPORATION, AND THE BYLAWS. Form 990, Part XI, Line 9 GAAP Adjustments = $1266777 REDMOND STREET RENTALS LLC PO BOX 4498 JACKSON WY 83001 820884048 AFFORDABLE HOUSING LEASING WY 600629 8541502 JACKSON HOLE COMMUNITY HOUSING TRUST false false false false false false false false false false false false false false false false false false false