Overview
What is Idaho Community Reinvestment Corporation?
Idaho Community Reinvestment Corporation (ICRC) is a nonprofit organization dedicated to promoting affordable housing in Idaho. Established with a primary focus on proving long-term financing for multi-family units, ICRC has supported the development of 2,093 housing units, primarily catering to individuals earning between 30% and 60% of the area median income. The corporation's mission extends beyond just financing, as it also provides technical assistance to facilitate affordable housing development and supports community development and redevelopment needs in the state.
Is Idaho Community Reinvestment Corporation legitimate?
Idaho Community Reinvestment Corporation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Idaho Community Reinvestment Corporation 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: $53,627
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
Mission Statement of Idaho Community Reinvestment Corporation
Idaho Community Reinvestment Corporation (ICRC) exists with a mission to provide financing and technical assistance, aiming to facilitate the development of affordable housing in the state of Idaho. This nonprofit organization is committed to supporting community development and redevelopment needs beyond just housing. Since its inception, ICRC has been actively marketing competitive loan products to encourage developers to provide multi-family and senior affordable housing units in Idaho. The primary focus of these units is to provide housing for tenants earning between 30% and 60% of the area median income. By providing long-term financing and related refinancing activities, ICRC plays a crucial role in ensuring that affordable housing remains accessible to a significant portion of the population. This mission of Idaho Community Reinvestment Corporation is instrumental in promoting equitable housing opportunities and contributing to the overall well-being of the community.
Impact
This information is meant to be a general summary of Idaho Community Reinvestment Corporation. Please take the time to review official sources before making any decisions based upon the content provided here.
Saturday, July 20, 2024
Idaho Community Reinvestment Corporation has had a significant impact on the state of Idaho by providing long-term financing and related activities for over 2,000 multi-family affordable housing units. These units are designed to accommodate tenants earning between 30% to 60% of the area median income, addressing the critical need for affordable housing in the region. By actively marketing competitive loan products to developers, ICRC has played a key role in encouraging the development of multifamily and senior affordable housing in Idaho, contributing to the overall community development and redevelopment needs of the state.
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 2023.
- Assets and Liabilities:
Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
FUNDRAISING INCOME
Revenue
$4,809
INTEREST & FEES ON LOANS
Revenue
$614,292
PENALTIES & LATE FEES
Revenue
$28,743
SERVICING FEES INCOME
Revenue
$62,486
Organization Details
Founding Year
1993
Phone
(208) 869-6890
Principal Officer
Jeffrey Jones
Main Address
PO BOX 2002, BOISE, ID, 83701
NTEE Category
Code: P20 - Human services
If you are a representative of Idaho Community Reinvestment Corporation 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.