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Headwaters Community Housing Trust

  • Bozeman, MT
  • Tax-exempt since Nov. 2020
  • EIN: 85-1374727

Organization summary

Type of Nonprofit

Designated as a Organizations for any of the following purposes: religious, educational, charitable, scientific, literary, testing for public safety, fostering national or international amateur sports competition (as long as it doesn't provide athletic facilities or equipment), or the prevention of cruelty to children or animals.

Category: Housing, Shelter / Housing Development, Construction, Management (NTEE)

Donations to this organization are tax deductible.

Details

According to its Dec. 2024 tax filing, this nonprofit:

Reported conflict of interest transactions
Organizations must report loans, grants or business transactions with interested parties, which may include key employees and officers, their family members and any businesses in which they hold a controlling interest. These transactions must be reported on Schedule L.

Summary charts: organization finances over time

Revenue
$4.2M (2024)

Expenses
$409k (2024)

Total Assets
$27.1M (2024)

Total Liabilities
$17.2k (2024)

Source: Form 990 tax filings from 2020 to 2024

Tax Filings by Year

Form 990 is an information return that most organizations claiming federal tax-exempt status must file yearly with the IRS. Nonprofit Explorer has IRS digitized Form 990 data for filings processed in 2012 and later. If this organization filed an amended return, it may not be reflected below. Duplicate download links may indicate a resubmission or amendment to this organization's original return. Form 990 data is from the IRS.

Fiscal Year Ending Dec.
2024

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$4,198,348
Expenses
$408,860
Net Income
$3,789,488
Net Assets
$27,094,367
Notable Sources of Revenue Percent of Total Revenue
Contributions $4,548,841
> 100%
Program Services $830,163
19.8%
Investment Income $1,196
0.0%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets -$1,192,815
Net Inventory Sales $0
Other Revenue $10,963
0.3%
Notable Expenses Percent of Total Expenses
Executive Compensation $48,056
11.8%
Professional Fundraising Fees $0
Other Salaries and Wages $101,797
24.9%
Assets/Debt
Total Assets $27,111,557
Total Liabilities $17,190
Net Assets $27,094,367
Other
Reported conflict of interest transactions
Compensation
Key Employees and Officers Compensation Related Other
Nathan Stein (Executive Director) $48,056 $0 $11,979
John Taylor (President) $0 $0 $0
Marisa Owen (Vice President) $0 $0 $0
Christine Walker (Treasurer) $0 $0 $0
Hunter Brewster (Secretary) $0 $0 $0
Mindy Decosse (Member) $0 $0 $0
Janay Johnson (Member) $0 $0 $0
Andrea Kavert (Member) $0 $0 $0
Carson Taylor (Member) $0 $0 $0
Andras Rosner (Member) $0 $0 $0
Alec Bear (Member) $0 $0 $0
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Document Links

990
Filed on Aug. 29, 2025

Primary tax return for a nonprofit’s activities, finances, and governance

View Filing
XML

Fiscal Year Ending Dec.
2023

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$12,346,796
Expenses
$536,427
Net Income
$11,810,369
Net Assets
$23,304,879
Notable Sources of Revenue Percent of Total Revenue
Contributions $6,788,861
55.0%
Program Services $7,667,436
62.1%
Investment Income $0
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets -$2,118,507
Net Inventory Sales $0
Other Revenue $9,006
0.1%
Notable Expenses Percent of Total Expenses
Executive Compensation $51,581
9.6%
Professional Fundraising Fees $0
Other Salaries and Wages $101,830
19.0%
Assets/Debt
Total Assets $29,456,390
Total Liabilities $6,151,511
Net Assets $23,304,879
Compensation
Key Employees and Officers Compensation Related Other
Randy Carpenter (Executive Director) $51,582 $0 $0
John Taylor (President) $0 $0 $0
Marisa Owen (Vice President) $0 $0 $0
Christine Walker (Treasurer) $0 $0 $0
Hunter Brewster (Secretary) $0 $0 $0
Mindy Decosse (Member) $0 $0 $0
Janay Johnson (Member) $0 $0 $0
Andrea Kavert (Member) $0 $0 $0
Carson Taylor (Member) $0 $0 $0
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Document Links

990
Filed on Oct. 3, 2024

Primary tax return for a nonprofit’s activities, finances, and governance

View Filing
XML

Fiscal Year Ending Dec.
2022

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$2,001,555
Expenses
$483,061
Net Income
$1,518,494
Net Assets
$11,494,510
Notable Sources of Revenue Percent of Total Revenue
Contributions $317,138
15.8%
Program Services $1,963,674
98.1%
Investment Income $0
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets -$279,257
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $23,149
4.8%
Professional Fundraising Fees $0
Other Salaries and Wages $38,472
8.0%
Assets/Debt
Total Assets $29,863,497
Total Liabilities $18,368,987
Net Assets $11,494,510
Compensation
Key Employees and Officers Compensation Related Other
Michael Brown (Former Executive Director) $108,900 $0 $0
Randy Carpenter (Executive Director) $23,149 $0 $0
Carson Taylor (President) $0 $0 $0
John Taylor (Vice President) $0 $0 $0
Andrea Kavert (Treasurer) $0 $0 $0
Christine Walker (Director) $0 $0 $0
Marisa Owen (Secretary) $0 $0 $0
Mark Chavez (Director) $0 $0 $0
Adrian Advincula (Director) $0 $0 $0
Mindy Decosse (Director) $0 $0 $0
Randy Carpenter (Former Treasurer) $0 $0 $0
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Document Links

990
Filed on May 18, 2023

Primary tax return for a nonprofit’s activities, finances, and governance

View Filing
XML
990-T

For unrelated business income from activities not substantially related to the organization's tax-exempt purpose

PDF

Fiscal Year Ending Dec.
2021

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$7,695,000
Expenses
$8,388,361
Net Income
-$693,361
Net Assets
-$671,443
Notable Sources of Revenue Percent of Total Revenue
Contributions $7,695,000
100%
Program Services $0
Investment Income $0
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $2,678,599
Total Liabilities $3,350,042
Net Assets -$671,443
Other
Reported conflict of interest transactions
Compensation
Key Employees and Officers Compensation Related Other
Michael Brown (Executive Director) $135,000 $0 $0
Tracy Menuez (Director) $0 $0 $0
Kelly Olinger (Director) $0 $0 $0
Francesca Pine Rodriguez (Director) $0 $0 $0
Andrea Kavert (Secretary) $0 $0 $0
Carson Taylor (President) $0 $0 $0
Christine Walker (Vice President) $0 $0 $0
Randy Carpenter (Treasurer) $0 $0 $0
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Document Links

990
Filed on March 30, 2023

Primary tax return for a nonprofit’s activities, finances, and governance

View Filing
PDF XML
View Filing (2 of 2)

Fiscal Year Ending Dec.
2020

Extracted Financial Data

Extracted Financial Data from 990-EZ
Revenue
$55,050
Expenses
$33,132
Net Income
$21,918
Net Assets
$21,918
Notable Sources of Revenue Percent of Total Revenue
Contributions $55,000
99.9%
Program Services $0
Investment Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $50
0.1%
Assets/Debt
Total Assets $33,918
Total Liabilities $12,000
Net Assets $21,918
Compensation
Key Employees and Officers Compensation Other
Carson Taylor (President) $0 $0
Christine Walker (Vice President) $0 $0
Randy Carpenter (Treasurer) $0 $0
Kelly Olinger (Secretary) $0 $0
Tracy Menuez (Director) $0 $0
+ View more people

Document Links

990-EZ
Filed on March 1, 2021

Short form tax return for a nonprofit’s activities, finances, and governance

View Filing
PDF XML

About This Data

What Is This Data?

Nonprofit Explorer includes summary data for nonprofit tax returns and full Form 990 documents, in both PDF and digital formats.

The summary data contains information processed by the IRS during the 2012-2019 calendar years; this generally consists of filings for the 2011-2018 fiscal years, but may include older records. This data release includes only a subset of what can be found in the full Form 990s.

In addition to the raw summary data, we link to PDFs and digital copies of full Form 990 documents wherever possible. This consists of separate releases by the IRS of Form 990 documents processed by the agency, which we update regularly.

We also link to copies of audits nonprofit organizations that spent $750,000 or more in Federal grant money in a single fiscal year since 2016. These audits are copied from the Federal Audit Clearinghouse.

Which Organizations Are Here?

Every organization that has been recognized as tax exempt by the IRS has to file Form 990 every year, unless they make less than $200,000 in revenue and have less than $500,000 in assets, in which case they have to file form 990-EZ. Organizations making less than $50,000 don’t have to file either form but do have to let the IRS they’re still in business via a Form 990N "e-Postcard."

Nonprofit Explorer has organizations claiming tax exemption in each of the 27 subsections of the 501(c) section of the tax code, and which have filed a Form 990, Form 990EZ or Form 990PF. Taxable trusts and private foundations that are required to file a form 990PF are also included. Small organizations filing a Form 990N "e-Postcard" are not included in this data.

Types of Nonprofits

There are 27 nonprofit designations based on the numbered subsections of section 501(c) of the tax code. See the list »

Get the Data

For those interested in acquiring the original data from the source, here’s where our data comes from:

  • Raw filing data. Includes EINs and summary financials as structured data.
  • Exempt Organization profiles. Includes organization names, addresses, etc. You can merge this with the raw filing data using EIN numbers.
  • Form 990 documents. Prior to 2017, these documents were obtained and processed by Public.Resource.org and ProPublica. Bulk PDF downloads since 2017 are available from the IRS.
  • Form 990 documents as XML files. Includes complete filing data (financial details, names of officers, tax schedules, etc.) in machine-readable format. Only available for electronically filed documents. Electronic data released prior to October 2021 is also available through Amazon Web Services.
  • Audits. PDFs of single or program-specific audits for nonprofit organizations that spent $750,000 or more in Federal grant money in a single fiscal year. Available for fiscal year 2015 and later.

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About Nonprofit Explorer

Nonprofit Explorer

Browse millions of annual returns filed by tax-exempt organizations with ProPublica’s Nonprofit Explorer. See details like executive compensation, revenue, expenses and more. Search for an organization or a person, or search the full text of filings.

By Andrea Suozzo, Alec Glassford, Ash Ngu and Brandon Roberts.

Design by Jeff Frankl. Additional development by Ken Schwencke, Mike Tigas, and Sisi Wei.

E-file viewer adapted from IRS e-File Viewer by Ben Getson. Code for scraping audit documents adapated from Govwiki.

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