Nonprofit · EIN 82-0439164
THE HOUSING COMPANY
Tax-exempt · BOISE, ID 83702
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $17,299,656 | $13,402,134 | $3,897,522 | $59,570,080 | $33,211,936 | $26,358,144 |
| December 31, 2023 | 990 (amended) | $14,504,410 | $12,594,293 | $1,910,117 | $55,317,305 | $32,856,683 | $22,460,622 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $1,889,112
- of which government grants
- $1,809,460
- Program service revenue
- $15,092,230
- Investment income
- $23,925
- Net gain from sales of assets
- -$380,250
- Other revenue
- $294,389
Expenses
- Grants and similar amounts paid
- $0
- Compensation of officers, directors and key employees
- $236,656
- Other salaries and wages
- $2,764,127
- Salaries, compensation and benefits (total)
- $3,802,890
- Professional fundraising fees
- $0
- Legal fees
- $67,415
- Accounting fees
- $138,006
- Occupancy
- $1,936,450
- Travel
- $130,232
- Depreciation
- $2,779,411
- Program services (functional)
- $11,040,707
- Management and general (functional)
- $2,361,427
Balance sheet and other
- Total assets, start of year
- $55,317,305
- Total assets, end of year
- $59,570,080
- Total liabilities, end of year
- $33,211,936
- Net assets, end of year
- $26,358,144
- Land, buildings and equipment
- $26,763,345
- Net assets without donor restrictions
- $26,358,144
- Gross unrelated business income
- $1,200
- Gross receipts
- $17,679,906
- Employees
- 97
- Volunteers
- 1
- Year formed
- 1990
- State of legal domicile
- ID
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended December 31, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| Gerald Hunter | President Trustee or director, Officer | 4 | $0 | $524,017 | $95,023 |
| John Chung | Treasurer Officer | 1 | $0 | $293,193 | $79,885 |
| Erin Anderson | Executive Director Officer | 40 | $166,194 | $0 | $54,468 |
| Tracie Bradley | Senior Accounting Manager Highest-paid employee | 40 | $108,765 | $0 | $45,794 |
| V Dale Babbitt | Chairman Trustee or director, Officer | 1 | $5,400 | $0 | $0 |
| Nancy Vannorsdel | Director Trustee or director | 1 | $5,400 | $0 | $0 |
| Steven Keen | Director Trustee or director | 1 | $5,400 | $0 | $0 |
| Mark Dunham | Director Trustee or director | 1 | $5,400 | $0 | $0 |
| Bessie Katsilomeetes | Director (From Feb 2024) Trustee or director | 1 | $5,400 | $0 | $0 |
| Richard Skinner | Secretary Officer | 1 | $0 | $0 | $0 |
990 for the year ended December 31, 2023: 8 people
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| Gerald Hunter | President Trustee or director, Officer | 4 | $0 | $491,953 | $149,938 |
| John Chung | Treasurer Officer | 1 | $0 | $263,486 | $84,169 |
| Erin Anderson | Executive Director Officer | 40 | $148,807 | $0 | $49,762 |
| V Dale Babbitt | Chairman Trustee or director, Officer | 1 | $4,550 | $0 | $0 |
| Nancy Vannorsdel | Director Trustee or director | 1 | $4,550 | $0 | $0 |
| Steven Keen | Director Trustee or director | 1 | $4,550 | $0 | $0 |
| Mark Dunham | Director Trustee or director | 1 | $4,550 | $0 | $0 |
| Richard Skinner | Secretary Officer | 1 | $0 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 565 W MYRTLE ST STE 250, BOISE, ID 83702-7684
- Principal officer (990 for 2024)
- Erin Anderson, PO Box 6943, Boise, ID 83707
- Signed the 990
- Erin Anderson, Executive Director
- Phone
- (208) 331-4811
- Website
- www.thehousingcompany.org
- Return prepared by
- Eide Bailly LLP
Mission
To address the concern of an inadequate supply of affordable, decent rental housing within the state of Idaho and other states and other similar areas of need. The Housing Company was created to encourage the development, management and preservation of permanently affordable rental housing for elderly, disadvantaged, low-income or otherwise needy persons. The Housing Company intends to acquire existing low-income housing projects, making them perpetually affordable, and to encourage the development of new affordable housing projects. The Housing Company expects that the occupants of new housing projects may also include a limited number of persons of moderate or higher incomes to encourage economically integrated housing as a means of preventing community deterioration. The Housing Company intends to pursue partnerships with other affordable housing organizations, if appropriate, as a means of achieving its objectives.
Program accomplishments
- The Housing Company (Housing) was incorporated in Idaho on August 2, 1990. Housing was formed to develop, acquire and operate real estate for the benefit of elderly, disadvantaged, limited income or otherwise needy persons throughout the state of Idaho. As of December 31, 2024, Housing had acquired and was operating fifteen multifamily housing complexes; had constructed and was operating twenty-two multifamily housing complexes; had constructed two additional phases of housing to existing developments; had completed renovations of two hotels and turned them into a new multifamily complex; had built a single family home known as The Cottage with HOME funds; (Continued on Schedule O)had purchased a single family home in Canyon County with federal NSP funds and turned it into special needs housing as intended by the program; had purchased three duplexes in Canyon County with federal NSP funds to rent as affordable housing; had constructed and sold three homes in Nez Perce County with HOME funds; had completed construction on three duplexes in Kuna with HOME and Housing Trust Fund moneys; had started construction on two multifamily complexes in Twin Falls, Idaho and Nampa, Idaho and had purchased land in Dillon, Montana, with the intent of constructing another multifamily complex.Housing was given the management responsibility of leasing and managing one (at the end of 2024) single family home (REO) that is owned and was foreclosed upon by IHFA. IHFA reimburses Housing for the amounts paid for the home's net income received or Housing repays IHFA if the income received is greater than the expenses paid. Housing receives $100 management fee per month for each REO home managed.Housing has entered into several property management agreements with Companies for the management of their Low Income Housing Tax Credit or HOME multifamily properties located in Idaho. As of December 31, 2024, Housing managed nine different affordable housing projects and performed the housing compliance for one Idaho nonprofit corporation. Housing received management fees of $249,268 during 2024, which is reflected as income to Housing, as Housing has no ownership in these projects.Expenses $11,040,707 · revenue $15,385,419
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | Not on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 82-0439164
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (509(a)(2))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 1995
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Unknown (Z99Z)
- Assets (IRS master file)
- $59,570,080
- Income (IRS master file)
- $17,679,906
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $17,299,656 | $13,402,134 | $59,570,080 | XML |
| 990-T | December 2024 | – | – | – | IRS |
| 990 | December 2023 | $14,504,410 | $12,594,293 | $55,317,305 | XML |
| 990-T | December 2023 | – | – | – | IRS |
| 990 | December 2022 | $13,684,772 | $12,050,959 | $55,244,484 | IRS |
| 990-T | December 2022 | – | – | – | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990-T | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990-T | December 2020 | – | – | – | IRS |
| 990 | December 2018 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 82-0439164).
Questions about THE HOUSING COMPANY
- What is the EIN of THE HOUSING COMPANY?
- The employer identification number (EIN) of THE HOUSING COMPANY is 82-0439164.
- Is THE HOUSING COMPANY tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1995.
- Are donations to THE HOUSING COMPANY tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does THE HOUSING COMPANY file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of THE HOUSING COMPANY due?
- The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did THE HOUSING COMPANY last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2024.
- Who is the principal officer of THE HOUSING COMPANY?
- The 990 for the year ended December 31, 2024 names Erin Anderson.
- Who are the officers and directors of THE HOUSING COMPANY?
- The 990 for the year ended December 31, 2024 lists 10 people; 7 received compensation from the organization.
- How much revenue does THE HOUSING COMPANY have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $17,299,656, expenses of $13,402,134 and total assets of $59,570,080 at year end.
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- IDAHO TAX FOUNDATION INC EIN 82-0448822 · last filed 990-N for 2025
- IDAHO DIRECTORS OF VOLUNTEER SERVICES EIN 82-0484787 · last filed 990-N for 2025
- IDAHO ASSOCIATION OF AMERICAN MOTHERS INC EIN 47-1630911 · last filed 990-N for 2024
- LITTLE HEROES INC EIN 83-3276327 · last filed 990-N for 2025
- BACON FOR HOPE INC EIN 84-2354268 · last filed 990-N for 2025