Boise Housing Corporation
- Assets
- $98.2m
- Revenue
- $25.4m
- Investments
- $0.0
- Employees
- 0
- Location
- Boise, ID
- Founding
- 12/1994
- Data as of
- 12/2023
- EIN
- 82-0474138
Organization Overview
Boise Housing Corporation is located in Boise, ID. The organization was established in 1994. According to its NTEE Classification (L99) the organization is classified as: Housing & Shelter N.E.C., under the broad grouping of Housing & Shelter and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Boise Housing Corporation is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2023, Boise Housing Corporation generated $25.4m in total revenue. This represents relatively stable growth, over the past 5 years the organization has increased revenue by an average of 6.6% each year. All expenses for the organization totaled $23.2m during the year ending 12/2023. While expenses have increased by 5.4% per year over the past 5 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
BOISE HOUSING CORPORATION WAS FORMED FOR THE PURPOSE OF ACQUIRING, PRESERVING, OWNING AND MANAGING AFFORDABLE HOUSING FOR QUALIFIED LOW INCOME FAMILIES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
BHC CURRENTLY HAS OWNERSHIP IN OVER 60 AFFORDABLE HOUSING PROJECTS WHICH ARE RENTED TO LOW INCOME FAMILIES IN IDAHO AND OREGON.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Allan Bosch Board Member | Trustee | 2 | $0 |
Stephanie Johnson Board Member | Trustee | 2 | $0 |
Randy Mason Secretary | OfficerTrustee | 2 | $0 |
Pat Mckeegan Vice Preside | OfficerTrustee | 2 | $0 |
Fred Shoemaker Board Member | Trustee | 2 | $0 |
James R Tomlinson President | OfficerTrustee | 10 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $9,501,287 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $9,501,287 |
| Total Program Service Revenue | $14,701,564 |
| Investment income | $484,827 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $25,414,151 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $1,467,213 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $357,664 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $3,774,262 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $4,058,478 |
| Insurance | $866,748 |
| All other expenses | $3,091,301 |
| Total functional expenses | $23,226,658 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $12,349,493 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $402,099 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $4,298,715 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $941,903 |
| Net Land, buildings, and equipment | $56,814,548 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $23,354,090 |
| Total assets | $98,160,848 |
| Accounts payable and accrued expenses | $1,241,494 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $836,885 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $5,021,629 |
| Secured mortgages and notes payable | $77,010,168 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $2,258,627 |
| Total liabilities | $86,368,803 |
| Net assets without donor restrictions | $9,656,990 |
| Net assets with donor restrictions | $2,135,055 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $98,160,848 |