Overview
What is Boise Housing Corporation?
Boise Housing Corporation is a nonprofit organization dedicated to acquiring, preserving, owning, and managing affordable housing for eligible low-income families in Idaho and Oregon. They currently oversee more than 60 affordable housing projects, which they rent to qualified individuals and families. The primary mission of Boise Housing Corporation is to provide affordable living solutions, ensuring that those in need have access to safe and comfortable homes.
Official website here: www.boisehousingcorp.com/
What are the reviews and ratings of this charity?
Rating from Charity Navigator: 81%, Three-Star out of Four Star rating.
Boise Housing Corporation has received an overall score of 81%, reflecting a strong commitment to accountability and finance. This rating is based solely on the Accountability & Finance beacon, highlighting the organization’s transparency and effective financial management practices. The majority of its board members are independent, which strengthens governance and oversight.
The financial metrics are impressive, with a program expense ratio of 98.37%, indicating that nearly all of its resources are allocated towards its mission-related activities. Additionally, the organization has robust policies in place, including conflict of interest and whistleblower protections, which contribute to its responsible operational framework.
However, the organization did score lower in the liabilities to assets ratio, suggesting that it may have significant liabilities relative to its assets. This could be a point of concern for potential donors or stakeholders looking for long-term financial stability. Overall, Boise Housing Corporation demonstrates a solid commitment to accountability and effective use of funds, despite some financial liabilities.
This AI summary has been generated from information found on Charity Navigator.
Is Boise Housing Corporation legitimate?
Boise Housing Corporation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Boise Housing 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.
Heare are some key statistics you may want to consider:
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Official website here: www.boisehousingcorp.com/
What is the mission statement of Boise Housing Corporation?
The Boise Housing Corporation was established to acquire, preserve, own, and manage affordable housing units for qualified low-income families. Its primary objective is to ensure the availability of affordable housing options for those in need. Currently, the corporation has over 60 affordable housing projects under its ownership, spread across Idaho and Oregon. These properties are specifically rented out to low-income families, expanding their access to stable housing solutions. The corporation's initiatives play a crucial role in addressing the housing needs of qualified individuals and families.
Official website here: www.boisehousingcorp.com/
Who is the CEO of Boise Housing Corporation?
James R Tomlinson is the President of Boise Housing Corporation.
Official website here: www.boisehousingcorp.com/
What is the revenue of Boise Housing Corporation?
Boise Housing Corporation's revenue in 2022 was $23,236,074.
Official website here: www.boisehousingcorp.com/
Who are the executives of Boise Housing Corporation and what are their salaries?
Here are 8 key members and their salaries:
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Official website here: www.boisehousingcorp.com/
Where can I find the form 990 for Boise Housing Corporation?
Boise Housing Corporation's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.boisehousingcorp.com/
Learn more at the official website: www.boisehousingcorp.com/
Mission Statement of Boise Housing Corporation
The Boise Housing Corporation, established with the purpose to acquire, preserve, own, and manage affordable housing units, is dedicated to serving qualified low-income families. This nonprofit organization holds ownership in over 60 affordable housing projects, which are currently rented out in Idaho and Oregon. By providing affordable housing solutions, Boise Housing Corporation aims to make a significant impact on the lives of many families, ensuring they have a safe and stable place to call home.
Boise Housing Corporation's commitment to affordable housing is rooted in its mission to make a difference in the lives of low-income families. The organization's extensive portfolio consists of more than 60 projects, each providing essential housing units for those in need. Through its unwavering dedication, Boise Housing Corporation has become an essential provider of affordable housing opportunities, contributing to the overall well-being and stability of the communities it serves.
The Boise Housing Corporation's mission extends beyond just providing affordable housing units. It also includes the preservation and ownership of these properties, ensuring they remain accessible and in good condition for the families who call them home. By managing these affordable housing projects, the organization enables families to focus on their everyday lives, removing the burden of housing insecurity. Boise Housing Corporation is a vital player in the affordable housing sector, making a lasting impact on the lives of low-income families throughout Idaho and Oregon.
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Impact
October, 2024
Boise Housing Corporation significantly impacts the community by acquiring, preserving, owning, and managing affordable housing for low-income families in Idaho and Oregon. With ownership of over 60 affordable housing projects, it provides essential rental opportunities that help families secure stable living conditions. This initiative not only contributes to the well-being of residents but also fosters economic stability in the region by addressing the critical need for affordable housing. Through these efforts, Boise Housing Corporation plays a vital role in enhancing the quality of life for many individuals and families, ensuring that they have access to safe and affordable homes.
This information is meant to be a general summary of Boise Housing Corporation. Please take the time to review official sources before making any decisions based upon the content provided here.
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.
- Investment Income: $44,905
- Program Service Revenue: $13,742,323
- Gross Receipts: $23,236,074
Assets and Liabilities:
- Total Assets: $96,522,407
- Total Liabilities: $86,904,355
- Net Assets: $9,618,052
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
TENANT RENTS
Revenue
$13,523,376
PSHIP MGMT FEES
Revenue
$218,947
Organization Details
Founding Year
2000
Phone
(208) 343-6438Principal Officer
James R Tomlinson
Main Address
PO BOX 108, BOISE, ID, 83701
Website
www.boisehousingcorp.com/NTEE Category
Code: L99 - Housing
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