Overview
What is The Housing Company?
The Housing Company, established in Idaho in 1990, is a dedicated nonprofit organization focused on developing, acquiring, and managing real estate for the benefit of elderly, disadvantaged, and limited-income individuals throughout Idaho. As of December 31, 2022, they had acquired and operated 30 multifamily housing complexes, including those under construction, and had also built and sold several single-family homes using various funding sources. Their mission is to address the need for affordable housing and ensure its availability for those in need. The organization manages various affordable housing projects and performs housing compliance for two Idaho non-profits. They have a team of 78 employees and receive management fees for their services.
Official website here: www.thehousingcompany.org
Is The Housing Company legitimate?
The Housing Company is a legitimate nonprofit organization registered as a 501(c)(3) entity. The Housing Company submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Here are some key statistics you may want to consider:
Executive Compensation: $317,787
Professional Fundraising Fees: $0
Other Salaries and Wages: $1,790,737
For more financial information, click here
What is the mission statement of The Housing Company?
The Housing Company is dedicated to addressing the shortage of affordable rental housing for elderly, disadvantaged, and low-income individuals in various areas of need. By developing, acquiring, and managing real estate properties, this organization aims to make a difference in the lives of those who face housing insecurity. The Housing Company intends to preserve the affordability of existing low-income housing projects and encourage the creation of new ones. In their efforts to foster economically integrated communities, they may also provide housing for persons of moderate or higher incomes. The organization forms partnerships with other affordable housing organizations to strengthen their impact and achieve their objectives.
Official website here: www.thehousingcompany.org
Who is the CEO of The Housing Company?
Erin Anderson is the President of The Housing Company.
Official website here: www.thehousingcompany.org
What is the revenue of The Housing Company?
The Housing Company's revenue in 2022 was $13,684,772.
Official website here: www.thehousingcompany.org
Who are the executives of The Housing Company and what are their salaries?
The average compensation at The Housing Company during 2022 was $27,032. There are 78 employees and 7 volunteers at The Housing Company.
Here are 10 key members and their salaries:
- Gerald Hunter (President) [Trustee/Director]
- John Chung (Treasurer)
- Kathryn Almberg Until 082022 (Vp/Director Of Operations)
- Erin Anderson (Executive Director (From 08/2022))
- V Dale Babbitt (Chairman) [Trustee/Director]
- Steven Keen (Director)
- Mark Dunham (Director)
- Nancy Vannorsdel (Director)
- John D Jack Beebe (Director)
- Richard Skinner (Secretary)
Official website here: www.thehousingcompany.org
Where can I find the form 990 for The Housing Company?
The The Housing Company’s most recent form 990 was submitted in 2022 and can be accessed here
Official website here: www.thehousingcompany.org
Learn more at the official website: www.thehousingcompany.org
Mission Statement of The Housing Company
The Housing Company, a dedicated organization, is committed to addressing the issue of insufficient affordable housing for the elderly, disadvantaged, and low-income population in various areas of need. With a mission to encourage the development, management, and preservation of permanently affordable rental housing, The Housing Company aims to ensure that those in need have access to decent and affordable living spaces.
To achieve this objective, The Housing Company acquires existing low-income housing projects and keeps them perpetually affordable for eligible residents. Moreover, the organization supports the development of new affordable housing projects, welcoming occupants from various income backgrounds, including a limited number of individuals with moderate or higher incomes. This economically integrated housing approach is implemented as a means of preventing community deterioration.
The Housing Company forms partnerships with other affordable housing organizations whenever appropriate, enhancing its ability to make a significant impact on the housing crisis. By working together, these organizations can pool resources, knowledge, and expertise to expand their reach and ensure that more individuals and families have access to affordable housing options. In summary, The Housing Company is a vital nonprofit organization that strives to create and maintain permanently affordable rental housing for those most in need, ultimately contributing to stronger and more inclusive communities.
Impact
This information is meant to be a general summary of The Housing Company. Please take the time to review official sources before making any decisions based upon the content provided here.
Thursday, August 15, 2024
The Housing Company's impact can be seen in its dedication to providing affordable, decent rental housing for elderly, disadvantaged, and limited-income individuals in Idaho and beyond. Through the development, acquisition, and operation of multifamily housing complexes, single-family homes, and special needs housing, The Housing Company has significantly expanded access to affordable housing opportunities for those in need. Additionally, through partnerships with other affordable housing organizations, The Housing Company is actively working to prevent community deterioration and promote economically integrated housing solutions. By creating and managing affordable housing projects, The Housing Company is directly addressing the concern of an inadequate supply of affordable housing and making a positive impact on the lives of individuals and communities in need.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Assets and Liabilities:
Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
Tenant Rent
Revenue
$7,018,363
Housing Assistance Payments
Revenue
$2,745,858
Developer Fees
Revenue
$1,940,419
Property Management Services
Revenue
$1,203,106
Laundry and Other Income
Revenue
$384,478
Organization Details
Founding Year
1990
Phone
(208) 331-4811
Principal Officer
Erin Anderson
Main Address
PO Box 6943, Boise, ID, 83707
Website
www.thehousingcompany.org
NTEE Category
Code: Z99Z - Unknown
If you are a representative of The Housing Company and wish to learn more about how Give Freely can help you raise funds, please click here: https://givefreely.com/nonprofits/. Our services are offered at no cost to your organization.