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Nonprofiteer
← IDAHO HOUSING FOUNDATION INC

Form 990 for tax year 2023

Filed by IDAHO HOUSING FOUNDATION INC.

Totals

Total revenue
$1,496,667
Total expenses
$2,799,531
Contributions and grants received
$1,433,782
Grants paid
$2,567,998
Program service revenue
$11,606
Investment income
$51,279
Other revenue
$0
Total assets, end of year
$2,086,428
Total liabilities, end of year
$122,620
Net assets or fund balances, end of year
$1,963,808
Program services expenses (Part IX)
$2,695,363
Management and general expenses
$50,487
Fundraising expenses
$53,681
Program service expenses (Part III)
$2,695,363

Program services were 96.3% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Listed in Part VII

  • Steven Keen

    Chairman

    Total calculated
    $0
    Hours/week
    0.3 + 1 related

  • Tracy Silver

    Director

    Total calculated
    $0
    Hours/week
    0.3

  • Jeff Nesset

    Director

    Total calculated
    $0
    Hours/week
    0.3

  • Mark Dunham

    Director

    Total calculated
    $0
    Hours/week
    0.3 + 1 related

  • Nancy Vannorsdel

    Director

    Total calculated
    $0
    Hours/week
    0.3

  • Scot Ludwig

    Director

    Total calculated
    $0
    Hours/week
    0.03

  • Gerald M Hunter

    President-IHFA Executive Director

    Total calculated
    $641,891
    From this org
    $0
    From related orgs
    $491,953
    Other
    $149,938
    Hours/week
    1 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $373,799 related
    Bonus
    $0 + $86,850 related
    Other
    $0 + $31,304 related
    Deferred
    $0 + $128,521 related
    Nontaxable benefits
    $0 + $22,164 related
    Filer's total
    $0 + $642,638 related

  • John Chung

    Treasurer-IHFA CFO

    Total calculated
    $347,655
    From this org
    $0
    From related orgs
    $263,486
    Other
    $84,169
    Hours/week
    2 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $207,005 related
    Bonus
    $0 + $43,500 related
    Other
    $0 + $12,981 related
    Deferred
    $0 + $50,975 related
    Nontaxable benefits
    $0 + $34,056 related
    Filer's total
    $0 + $348,517 related

  • Brady Ellis

    Asst. Secretary/Treasurer-IHFA

    Total calculated
    $246,068
    From this org
    $0
    From related orgs
    $189,327
    Other
    $56,741
    Hours/week
    2 + 38 related

    Schedule J breakdown matched by us

    Base
    $0 + $153,240 related
    Bonus
    $0 + $32,100 related
    Other
    $0 + $3,987 related
    Deferred
    $0 + $25,068 related
    Nontaxable benefits
    $0 + $32,417 related
    Filer's total
    $0 + $246,812 related

  • Deanna Ward

    HPF Director of Development

    Total calculated
    $138,526
    From this org
    $0
    From related orgs
    $101,471
    Other
    $37,055
    Hours/week
    40

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 $63,505.
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
2023
Filed
13 May 2025
IRS schema version
2023v6.0
Source object
202511349349311451

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

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