2026-09-10T15:43:05-05:00 2025-12-31 934792291 SORREN INC 1120 S RACKHAM WAY SUITE 100 MERIDIAN ID 83642 990 2025-05-23 392363673 LEAP TRINITY NEW HOPE INC LEAP 2083912823 670 EAST RIVER PARK LANE 170 BOISE ID 83706 BRIAN WOODWARD COO 2083912823 2026-09-02 1 NATHAN ODIORNE P02355271 2083338965 2026-09-02 2025 X BRIAN WOODWARD 670 EAST RIVER PARK LANE 170 BOISE ID 83706 97353 0 X WWW.LEAPHOUSING.ORG X 2025 ID LEAP TRINITY NEW HOPE INC (THE "PROJECT") OWNS AND OPERATES 16 SINGLE FAMILY LOW INCOME HOUSING UNITS. THE PROJECT INTENDS TO RENT UNITS UNTIL UNITS ARE SOLD TO LOW-INCOME HOUSEHOLDS. TO PRESERVE LONG-TERM AFFORDABILITY OF THESE HOMES THAT WERE FORMERLY REGULATED BY THE IRS SECTION 42 LIHTC PROGRAM, LEAP TRINITY NEW HOPE RESOURCES CURRENT RENTERS AND LIMITED-INCOME BORROWERS WITH GRANTS, DOWNPAYMENT ASSISTANCE, HOMEBUYER COUNSELING, HOMEBUYER EDUCATION AND OTHER RESOURCES THAT MOVE INCOME-LIMITED BORROWERS INTO THE DREAM OF HOMEOWNERSHIP. 4 4 0 0 0 0 0 97109 244 0 97353 0 0 8888 0 0 57094 65982 31371 2459038 2427667 31371 X LEAP TRINITY NEW HOPE INC (THE "PROJECT") OWNS AND OPERATES 16 SINGLE FAMILY LOW INCOME HOUSING UNITS. THE PROJECT INTENDS TO RENT UNITS UNTIL UNITS ARE SOLD TO LOW-INCOME HOUSEHOLDS. TO PRESERVE LONG-TERM AFFORDABILITY OF THESE HOMES THAT WERE FORMERLY REGULATED BY THE IRS SECTION 42 LIHTC PROGRAM, LEAP TRINITY NEW HOPE RESOURCES CURRENT RENTERS AND LIMITED-INCOME BORROWERS WITH GRANTS, DOWNPAYMENT ASSISTANCE, HOMEBUYER COUNSELING, HOMEBUYER EDUCATION AND OTHER RESOURCES THAT MOVE INCOME-LIMITED BORROWERS INTO THE DREAM OF HOMEOWNERSHIP. 0 0 65867 97109 AFFORDABLE HOUSING DEVELOPMENT: DEVELOPING AFFORDABLE HOUSING THROUGH INNOVATIVE CONSTRUCTION AND FINANCING PROCESSES 65867 1 0 0 0 0 0 0 0 0 0 1 0 0 0 1 1 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 X 4 4 0 0 0 0 0 0 0 1 1 0 0 0 1 1 1 1 0 1 1 0 X LEAP HOUSING 2083912823 670 E RIVERPARK LANE STE 170 BOISE ID 83706 JERRY BRADY PRESIDENT 1.00 X X 0 0 0 MEGAN MANLOVE TREASURER 1.00 X X 0 0 0 LAURA RIDEOUT SECRETARY 1.00 X X 0 0 0 BART COCHRAN CEO 40.00 X 0 95177 459 BRIAN WOODWARD COO 40.00 X 0 138479 7687 JESSICA BOGGS BOARD MEMBER 1.00 X 0 0 0 0 233656 8146 0 0 0 0 0 PROGRAM RENTS 531310 97109 97109 97109 244 244 97353 97109 0 244 7822 7822 461 461 605 605 61 61 115 115 1344 1344 6978 6978 12717 12717 CLOSING COSTS 35879 35879 65982 65867 115 0 99541 2357581 12717 0 2344864 0 14633 0 2459038 2376462 31826 0 19379 0 2427667 X 0 0 0 0 0 31371 0 31371 0 2459038 31371 0 X 0 1 X 1 0 X 0 0 244 244 244 97109 X PART II, SHORT YEAR EXPLANATION: INITIAL RETURN IS FOR THE SHORT PERIOD 5/23/25 - 12/31/25. 652666 652666 1678284 12717 1665567 26631 26631 2344864 SECURITY DEPOSITS 19379 19379 X PART X, LINE 2: THE ACCOUNTING STANDARD ON ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES ADDRESSES THE DETERMINATION OF WHETHER TAX BENEFITS CLAIMED OR EXPECTED TO BE CLAIMED ON A TAX RETURN SHOULD BE RECORDED IN THE FINANCIAL STATEMENTS. UNDER THAT GUIDANCE, THE ORGANIZATION MAY RECOGNIZE THE TAX BENEFIT FROM AN UNCERTAIN TAX POSITION ONLY IF IT IS MORE LIKELY THAN NOT THAT THE TAX POSITION WILL BE SUSTAINED ON EXAMINATION BY TAXING AUTHORITIES BASED ON THE TECHNICAL MERITS OF THE POSITION. THE TAX BENEFITS RECOGNIZED IN THE FINANCIAL STATEMENTS FROM SUCH A POSITION ARE MEASURED BASED ON THE LARGEST BENEFIT THAT HAS A GREATER THAN 50 PERCENT LIKELIHOOD OF BEING REALIZED UPON ULTIMATE SETTLEMENT. THERE WERE NO UNRECOGNIZED TAX BENEFITS IDENTIFIED OR RECORDED AS LIABILITIES FOR FISCAL YEARS 2025 AND 2024. THE ORGANIZATION FILES FORM 990 IN THE U.S. FEDERAL JURISDICTION. THE ORGANIZATION IS GENERALLY NO LONGER SUBJECT TO EXAMINATION BY THE INTERNAL REVENUE SERVICE FOR YEARS BEFORE 2022. FORM 990, PART VI, SECTION B, LINE 11B THE COO AND SENIOR ACCOUNTANT REVIEW THE DRAFT 990 TOGETHER. FOR ANY UNEXPECTED REPORTING THEY CONTACT THE TAX CPA (SORREN) TO CONFIRM UNDERSTANDING AND MAKE ANY APPROPRIATE ADJUSTMENTS. IF ADJUSTMENTS ARE REQUIRED, THE COO AND SENIOR ACCOUNTANT PERFORM AN ADDITIONAL REVIEW. ONCE FINALIZED THE COO SIGNS THE RETURN. ANNUALLY, THE 990S ARE PROVIDED TO THE BOD AFTER FILING. FORM 990, PART VI, SECTION B, LINE 12C LTNH HAS A CONFLICT OF INTEREST FORM FOR EACH BOARD MEMBER. THIS IS SIGNED AT THE BEGINNING OF EACH BOARD MEMBER'S TENURE AND IS REVIEWED DURING THE ANNUAL BOARD RETREAT. FORM 990, PART VI, SECTION B, LINE 15 PAYROLL IS APPROVED INTERNALLY BY SENIOR LEADERSHIP (COO AND CFO), AND THE BOD APPROVES THE PAYROLL BUDGET AS A WHOLE. FORM 990, PART VI, SECTION C, LINE 19 LTNH'S GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS ARE MADE AVAILABLE UPON REQUEST. LEAP CHARITIES INC 670 E RIVERPARK LANE STE 170 BOISE ID 83706 261738122 AFFORDABLE HOUSING ID 501(C)(3) LINE 7 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0