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Nonprofiteer
← BOISE HOUSING CORPORATION

Form 990 for tax year 2024

Filed by BOISE HOUSING CORPORATION.

Totals

Total revenue
$27,700,709
Total expenses
$24,186,437
Contributions and grants received
$10,190,524
Grants paid
$0
Program service revenue
$15,639,540
Investment income
$959,517
Other revenue
$911,128
Total assets, end of year
$99,465,994
Total liabilities, end of year
$84,194,177
Net assets or fund balances, end of year
$15,271,817
Program services expenses (Part IX)
$23,582,350
Management and general expenses
$604,087
Fundraising expenses
$0
Program service expenses (Part III)
$23,582,350

Program services were 97.5% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 1e · Government grants (contributions)

    $10,190,524

  • 2a · Program service revenue: TENANT RENTS

    total $15,457,319 · related or exempt $15,457,319

  • 2b · Program service revenue: PSHIP MGMT FEES

    total $182,221 · related or exempt $182,221

  • 3 · Investment income

    total $959,517 · excluded $959,517

  • 11a · Other revenue: FEES, DAMAGES, LAUNDRY, VEND

    total $611,128 · related or exempt $611,128

  • 11b · Other revenue: DEVELOPER FEES

    total $300,000 · related or exempt $300,000

  • 11e · Other revenue, total

    $911,128

Functional expenses

Part IX, the statement of functional expenses.

  • 11a · Fees: management

    total $1,600,624 · program services $1,600,624

  • 11c · Fees: accounting

    total $289,829 · program services $233,427 · management and general $56,402

  • 20 · Interest

    total $3,742,053 · program services $3,742,053

  • 22 · Depreciation, depletion and amortization

    total $4,134,308 · program services $4,134,308

  • 23 · Insurance

    total $937,732 · program services $930,244 · management and general $7,488

  • 24a · Other expenses: ON-SITE MANAGER REIMB

    total $3,678,933 · program services $3,534,933 · management and general $144,000

  • 24b · Other expenses: MAINTENANCE AND REPAIRS

    total $3,065,210 · program services $3,064,883 · management and general $327

  • 24c · Other expenses: WATER AND SEWER

    total $1,739,666 · program services $1,739,666

  • 24d · Other expenses: REAL ESTATE TAXES

    total $1,384,631 · program services $1,380,330 · management and general $4,301

  • 24e · All other expenses

    total $3,613,451 · program services $3,221,882 · management and general $391,569

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $12,349,493 · end of year $8,930,829

  • 4 · Accounts receivable

    beginning of year $402,099 · end of year $443,230

  • 7 · Other notes and loans receivable

    beginning of year $4,298,715 · end of year $10,264,457

  • 9 · Prepaid expenses and deferred charges

    beginning of year $941,903 · end of year $1,081,103

  • 10a · Land, buildings and equipment: cost or other basis

    $127,421,544

  • 10b · Land, buildings and equipment: accumulated depreciation

    $73,826,675

  • 10c · Land, buildings and equipment, net

    beginning of year $56,814,548 · end of year $53,594,869

  • 15 · Other assets

    beginning of year $23,354,090 · end of year $25,151,506

  • 17 · Accounts payable and accrued expenses

    beginning of year $1,241,494 · end of year $988,901

  • 21 · Escrow or custodial account liability

    beginning of year $836,885 · end of year $856,911

  • 22 · Loans and payables to officers and key people

    beginning of year $5,021,629 · end of year $5,436,293

  • 23 · Secured mortgages and notes payable

    beginning of year $77,010,168 · end of year $74,861,288

  • 25 · Other liabilities

    beginning of year $2,258,627 · end of year $2,050,784

  • 27 · Net assets without donor restrictions

    beginning of year $9,656,990 · end of year $13,136,762

  • 28 · Net assets with donor restrictions

    beginning of year $2,135,055 · end of year $2,135,055

Mission and programs · 2024

Mission

BOISE HOUSING CORPORATION WAS FORMED FOR THE PURPOSE OF ACQUIRING, PRESERVING, OWNING AND MANAGING AFFORDABLE HOUSING FOR QUALIFIED LOW INCOME FAMILIES.

  • BHC CURRENTLY HAS OWNERSHIP IN OVER 60 AFFORDABLE HOUSING PROJECTS WHICH ARE RENTED TO LOW INCOME FAMILIES IN IDAHO AND OREGON.

    Expenses $23,582,350 · Revenue $27,518,488

As filed on the 2024 return.

Listed in Part VII

  • Allan Bosch

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2

  • Stephanie Johnson

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2

  • Randy Mason

    SECRETARY

    Total calculated
    $0
    Hours/week
    2

  • Pat McKeegan

    VICE PRESIDE

    Total calculated
    $0
    Hours/week
    2

  • Fred Shoemaker

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2

  • James R Tomlinson

    PRESIDENT

    Total calculated
    $0
    Hours/week
    10

  • Richard Tomlinson

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2

  • Katie Rosanbalm

    TREASURER

    Total calculated
    $0
    Hours/week
    2

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.

Grants on this return

No itemized grants to organizations on this return.

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.

Taxable family on this return

Schedule R Parts I, III and IV, as filed. These record ownership and control, not shared board members or money moved.

Disregarded entities

Part I: entities that legally are the filer and file no return of their own.

  • AMBER COVE

    LOW INCOME · ID · income $317,737 · assets $740,047

    Directly controlled by NA

  • BHC IDAHO TE LLC

    LOW INCOME · ID · income $19,249,718 · assets $88,469,377

    Directly controlled by NA

  • BHC WEISER I LLC

    LOW INCOME · ID · income $484,587 · assets $1,591,884

    Directly controlled by NA

  • CARNOUSITE LLC

    LOW INCOME · ID · income $332,777 · assets $800,276

    Directly controlled by NA

  • DELLA LLC

    LOW INCOE · ID · income $332,018 · assets $1,398,216

    Directly controlled by NA

  • MALLARD COVE LLC

    LOW INCOME · ID · income $638,089 · assets $1,595,756

    Directly controlled by NA

  • OAK PARK LIMITED

    LOW INCOME · ID · income $2,525,662 · assets $8,648,133

    Directly controlled by NA

  • PAYETTE LLC

    LOW INCOME · ID · income $323,067 · assets $2,103,734

    Directly controlled by NA

  • PENDLETON RIVERSIDE LLC

    LOW INCOME · ID · income $571,831 · assets $775,999

    Directly controlled by NA

Related partnerships

Part III: related organizations taxable as a partnership, with the filer's share.

  • BHC CHERRYWOOD LLC

    RELATED · RENTALS · 0.01% owned · share of income $44 · share of assets $455 · general or managing partner

  • C STREET APTS LLC

    RELATED · RENTALS · 0.01% owned · share of income $38 · share of assets $476 · general or managing partner

  • EAGLE MANOR LLC

    RELATED · RENTALS · 0.01% owned · share of income $17 · share of assets $779 · general or managing partner

  • ECI LLC

    RELATED · RENTALS · 0.01% owned · share of income $46 · share of assets $334 · general or managing partner

  • GALWAY LLC

    RELATED · RENTALS · 0.01% owned · share of income $56 · share of assets $341 · general or managing partner

  • MINIDOKA LLC

    RELATED · RENTALS · 0.01% owned · share of income $58 · share of assets $370 · general or managing partner

  • ROSSLARE LLC

    RELATED · RENTALS · 0.01% owned · share of income $42 · share of assets $359 · general or managing partner

  • RIVERVIEW LLC

    RELATED · RENTALS · 99.99% owned · share of income $528,780 · share of assets $2,705,038 · general or managing partner

  • SATURN LLC

    RELATED · RENTALS · 0.01% owned · share of income $48 · share of assets $236 · general or managing partner

  • SUMMERHILL LIMITED PARTNERSHIP

    RELATED · RENTALS · 0.01% owned · share of income $31 · share of assets $141 · general or managing partner

  • SW LLC (SOUTHWOOD)

    RELATED · RENTALS · 0.01% owned · share of income $91 · share of assets $596 · general or managing partner

  • THE OAKS II LLC

    RELATED · RENTALS · 0.01% owned · share of income $44 · share of assets $343 · general or managing partner

  • THE OAKS LLC

    RELATED · RENTALS · 0.01% owned · share of income $46 · share of assets $354 · general or managing partner

  • TURNBERRY LP

    RELATED · RENTALS · 50% owned · share of income $458,172 · share of assets $1,022,523 · general or managing partner

  • VAN LLC

    RELATED · RENTALS · 0.01% owned · share of income $30 · share of assets $335 · general or managing partner

  • WILDWOOD LLC

    RELATED · RENTALS · 0.01% owned · share of income $26 · share of assets $223 · general or managing partner

Related corporations and trusts

Part IV: related organizations taxable as a corporation or trust.

  • BHC IDAHO LLC BHC IDAHO LLC

    C CORP · RENTALS · ID · 100% owned

    Directly controlled by BHC BOISE HOUSING CORPORATION

Provenance

Return type
form_990
Tax year
2024
Filed
12 May 2025
IRS schema version
2024v5.0
Source object
202541989349300934

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