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Nonprofiteer
← IDAHO HOUSING FOUNDATION INC

Form 990 for tax year 2024

Filed by IDAHO HOUSING FOUNDATION INC.

Totals

Total revenue
$1,620,498
Total expenses
$2,283,889
Contributions and grants received
$1,554,950
Grants paid
$2,005,910
Program service revenue
$16,221
Investment income
$49,327
Other revenue
$0
Total assets, end of year
$2,296,984
Total liabilities, end of year
$182,925
Net assets or fund balances, end of year
$2,114,059
Program services expenses (Part IX)
$2,139,460
Management and general expenses
$128,477
Fundraising expenses
$15,952
Program service expenses (Part III)
$2,139,460

Program services were 93.7% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Listed in Part VII

  • Gerald M Hunter

    President-IHFA Executive Director

    Total calculated
    $619,040
    From this org
    $0
    From related orgs
    $524,017
    Other
    $95,023
    Hours/week
    1 + 39 related

    Schedule J breakdown matched by us

    Base
    $0 + $393,005 related
    Bonus
    $0 + $100,000 related
    Other
    $0 + $31,012 related
    Deferred
    $0 + $70,481 related
    Nontaxable benefits
    $0 + $25,782 related
    Filer's total
    $0 + $620,280 related

  • John Chung

    Treasurer-IHFA CFO

    Total calculated
    $373,078
    From this org
    $0
    From related orgs
    $293,193
    Other
    $79,885
    Hours/week
    2 + 38 related

    Schedule J breakdown matched by us

    Base
    $0 + $232,032 related
    Bonus
    $0 + $47,258 related
    Other
    $0 + $13,903 related
    Deferred
    $0 + $49,818 related
    Nontaxable benefits
    $0 + $31,434 related
    Filer's total
    $0 + $374,445 related

  • Brady Ellis

    Executive Vice President-IHFA VP

    Total calculated
    $265,355
    From this org
    $0
    From related orgs
    $205,709
    Other
    $59,646
    Hours/week
    2 + 38 related

    Schedule J breakdown matched by us

    Base
    $0 + $166,541 related
    Bonus
    $0 + $35,002 related
    Other
    $0 + $4,166 related
    Deferred
    $0 + $21,991 related
    Nontaxable benefits
    $0 + $38,851 related
    Filer's total
    $0 + $266,551 related

  • Wayne Millward From 042025

    Asst. Secretary/Treasurer-IHFA VP

    Total calculated
    $233,524
    From this org
    $0
    From related orgs
    $179,299
    Other
    $54,225
    Hours/week
    2 + 38 related

    Schedule J breakdown matched by us

    Base
    $0 + $151,676 related
    Bonus
    $0 + $23,326 related
    Other
    $0 + $4,297 related
    Deferred
    $0 + $19,633 related
    Nontaxable benefits
    $0 + $35,684 related
    Filer's total
    $0 + $234,616 related

  • Steven Keen

    Chairman

    Total calculated
    $0
    Hours/week
    0.3 + 1 related

  • Mark Dunham

    Vice Chairman

    Total calculated
    $0
    Hours/week
    0.3 + 1 related

  • Nancy Vannorsdel

    Secretary

    Total calculated
    $0
    Hours/week
    0.3 + 1 related

  • Scot Ludwig

    Director

    Total calculated
    $0
    Hours/week
    0.3

  • Tracy Silver

    Director

    Total calculated
    $0
    Hours/week
    0.3

  • Jeff Nesset

    Director

    Total calculated
    $0
    Hours/week
    0.3

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

  • 4b · Supplemental nonqualified retirement plan

Answered no

  • 4a · Severance or change-of-control payment
  • 4c · Equity-based compensation arrangement
  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception

The filer's explanations (Part III)

Part I, Line 4b
Gerald Hunter participated in a 457(f) plan in the amount of $68,604.
Part I, Line 3:
Compensation for the President/Executive Director is determined by Idaho Housing and Finance Association, a related organization. Idaho Housing and Finance Association uses one or more of the methods on Part I, line 3 to determine compensation.

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

The 10 largest by cash amount. The API serves every itemized grant.

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

Provenance

Return type
form_990
Tax year
2024
Filed
26 February 2026
IRS schema version
2024v5.5
Source object
202640619349300244

Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.

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