Montana · Nonprofit
HEADWATERS COMMUNITY HOUSING TRUST
HEADWATERS COMMUNITY HOUSING TRUST (Montana) receives grants from 3 organizations whose IRS filings report $5,652,890 to it, the largest being The Kendeda Fund ($5,628,600). 3 of them have funded it in more than one year.
- Revenue FY2024
- $4.2M
- Funders on record
- 3
- Grants received
- $5.7M
- Net assets
- $27M
What Headwaters Community Housing Trust does
Mission
Increase and preserve the local supply of permanently affordable housing, including for 'missing middle-income' households in bozeman, montana.
As stated on its FY2024 Form 990.
Program
Headwaters Community Housing Trust takes a community-based approach to address affordable housing by empowering individuals and families through homeownership.
$307,096 spent$841,126 earned by the program100% of program spending
The program described on its FY2024 Form 990. Program spending in total: $307,096.
The organization over time
Each line starts at 100 in 2020, so what you read is the shape rather than the size: 150 means half as much again as 2020, 50 means half. The number beside each label in the key is where it ended. The shaded band is where the middle 50% of its peers' revenue would sit, given their growth.
Balance sheet
Total assets and total liabilities at each year end, in dollars. The largest one-year move in total assets was 2021 to 2022, from $13M to $30M (+124%).
How it's funded, over time
Each bar is one year's revenue split into where it came from, and every bar is the same height — these are shares, not amounts, so a year that raised twice as much looks the same size. Hover a bar for the split.
Government-grant reliance: 2021 1% · 2024 4%. Grants only. Government contracts and fees sit inside program revenue.
108% of HEADWATERS COMMUNITY HOUSING TRUST’s revenue is contributions — more reliant on donations than three-quarters of its peers (39% for the typical peer).
Surplus & reserves
Operating surplus or deficit each year, and months of liquidity in hand. 0 of the last 5 reported years ran a deficit.
reserve
Leadership and staff
The officers, directors, trustees and key employees listed on each return. Joined and no longer listed compare each filing with the year before, matching people by surname and first initial; a year after a gap, or a roster under three people, has no comparison.
Chief executive
Nathan Stein
Executive director
As listed on its FY2024 Form 990.
The chief executive listed changed between the FY2021 and FY2022, and between the FY2023 and FY2024 filings.
Who funds it, year by year
2021 → 2023: the base held at 1 funder, grant income fell $5.0M → $500k.
1 of 3 of your funders are donor-advised or pass-through sponsors (tagged DAF) — 0% of grant dollars received. That money is really individual donors directing a sponsor; the institutions to cultivate are the non-DAF funders.
From the IRS filings of HEADWATERS COMMUNITY HOUSING TRUST’s funders (the co-funder graph). Association, not causation. Trends are read to FY2023, the last fiscal year that has finished arriving. FY2024–FY2026 are still being filed and are shown unshaded; they do not move any figure on this page.
How concentrated its funding is
HEADWATERS COMMUNITY HOUSING TRUST leans on a few funders — its largest provides 100% of grant income and the top three 100%; half comes from just 1 funder.
the vertical line marks half of all grant income — 1 funder to its left
Largest funder’s share by year: 2021 100% · 2022 100% · 2023 100% — broadly stable.
“Effective funders” = inverse Herfindahl index (1 / Σ shareᵢ²) — the number of equal-sized funders that would give the same concentration. Trends are read to FY2023, the last fiscal year that has finished arriving. FY2024–FY2026 are still being filed and are shown unshaded; they do not move any figure on this page.
Where its funders are
HEADWATERS COMMUNITY HOUSING TRUST draws 100% of its grant income from funders outside Montana, across 2 states in all.
In-state vs out-of-state, by year
Funder states come from each funder’s own filing. $17k arriving through sponsors registered in 1 state is excluded from the map and the split above: a sponsor holds money on a donor’s behalf, so its registered address would place those dollars somewhere no donor need ever have been. Trends are read to FY2023, the last fiscal year that has finished arriving. FY2024–FY2026 are still being filed and are shown unshaded; they do not move any figure on this page.
Against its field
HEADWATERS COMMUNITY HOUSING TRUST has grown faster than three-quarters of the 3,973 housing & shelter nonprofits its size.
this organization peer median middle 50% of peers· 3,973 housing & shelter nonprofits $1M–$10M, FY2024
Organizations like HEADWATERS COMMUNITY HOUSING TRUST
Organizations whose mission and program text most resemble this one, by semantic similarity over every organization in the US filings — the closest peers, and often the clearest route to shared or prospective funders.
In Montana
Nationally
Read directly from this organization’s own Form 990, as neutral context.
Where the money goes
75% of spending goes to programs.
Governance
Screen this organization
A dated, signed PDF of the compliance screen for HEADWATERS COMMUNITY HOUSING TRUST: IRS status (Business Master File, Publication 78, auto-revocation), the OFAC sanctions lists, the Internal Revenue Bulletin, and California registration, with the Rev. Proc. 2018-32 §8.01 reliance elements stated element by element. Generated from the current files at the moment you download it.
Screens are triage, not determinations; a source that cannot be read reports not screened, never clear. Screen this nonprofit · How the screen works · on the API as GET /api/screening/{ein}?format=pdf
Questions and answers
- Who funds HEADWATERS COMMUNITY HOUSING TRUST?
- HEADWATERS COMMUNITY HOUSING TRUST (Montana) receives grants from 3 organizations whose IRS filings report $5,652,890 to it, the largest being The Kendeda Fund ($5,628,600). 3 of them have funded it in more than one year.
- How many funders does HEADWATERS COMMUNITY HOUSING TRUST have?
- IRS filings report 3 organizations giving $5,652,890 in grants to HEADWATERS COMMUNITY HOUSING TRUST, 3 of which have funded it in more than one year.
- Who is the largest funder of HEADWATERS COMMUNITY HOUSING TRUST?
- The Kendeda Fund is the largest funder on record, with $5,628,600 in grants. The full list of funders is on this page.
- How can an organization like HEADWATERS COMMUNITY HOUSING TRUST find more funders?
- Start with the funders already giving here, then look at the foundations that back similar organizations in Montana. The funding by cause and by state pages list the largest funders for a given area and how to approach them.
Play a game about who funds Headwaters Community Housing →
These figures are read directly from IRS Form 990 / 990-PF e-file XML: this organization’s own return for FY2024 (financials across 2020–2024), and the filings of 3 funders that report grants to it. “On record” means captured in the filings we have parsed — a funder that does not e-file, or whose grant detail is not itemized, will not appear. Filings run roughly 12–24 months behind. Trends on this page end at FY2023, the last fiscal year that has finished arriving; later years are shown and marked, and move no figure. Data on this page was exported October 14, 2026. What this page cannot tell you · view filing