Bonner Community Housing Agency Inc

EIN: 260890497 501(c)(3) Housing & Shelter

Sandpoint, ID

Total Revenue
$165,205
Total Expenses
$172,015
Total Assets
$161,397
Net Assets
$159,471
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Financial Trends

Organization Details

Formation Year
2010
Legal Domicile
ID
Principal Officer
Daniel Hanson
Tax Period
2023-01-01 to 2023-12-31

Bonner Community Housing Agency Inc, founded in 2010, is a small nonprofit in the Housing & Shelter sector that reported $165K in total revenue in fiscal year 2023. Revenue fell 31% from the prior year — a significant decline worth monitoring.

Mission

Our mission is to develop local housing, foster community partnerships and provide resources for community partnership and outreach.

Program Service Accomplishments

Program 1
Expenses: $80,530 Revenue: $55,756

The Trestle Creek project was temporarily taken over in 2023 from another not-for-profit entity. The project provides affordable housing to low income residents in the community. It participates in...

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The Trestle Creek project was temporarily taken over in 2023 from another not-for-profit entity. The project provides affordable housing to low income residents in the community. It participates in HUDs HOME program for rental housing and thus some of the units on the property are set aside for households at or below 60% of the AMI and rents are capped at the local FMR and in many cases are much lower. The project was managed by Bonner Community Housing Agency in 2023. This included collecting rent, dealing with all tenant issues, and maintenance and upkeep of the properties. A state audit was also required in 2023 and BCHA collected and filed all the necessary documents for the audit. Approximately 25 people (11 tenants) lived in the 4 single family units and the multi-family home with 4 apartments. All the units were filled during the year.

Program 2
Expenses: $29,016 Revenue: $25,109

Bonner Community Housing Agency offers classes through Finally Home and Idaho Housing and Finance Association to first time home buyers. The home buyer education classes are provided by IHFA through...

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Bonner Community Housing Agency offers classes through Finally Home and Idaho Housing and Finance Association to first time home buyers. The home buyer education classes are provided by IHFA through Idaho Partners for Homebuyer Eduation. The home buyer classes are designed to help individuals understand the home buying process from start to finsh. The classes are taught state-wide to hundreds of people each year. Completion of the classes can further aide the home ownership dream through various incentives.Along with the classes, assistance is given to potential home buyers in packaging loans. This involves helping the individuals gather all of the data needed for the loan application. All the documents required by the lender, including all bank statements, credit card statements, credit reports, financial history and much more are gathered and compiled into the correct USDA format to offer a better result in the submission of the loan. This is a

Program 3
Expenses: $4,836 Revenue: $4,873

A new project was started with the Culver Crossing development. This project is designed to provide workforce housing for local workers. The management of this program involves working with the...

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A new project was started with the Culver Crossing development. This project is designed to provide workforce housing for local workers. The management of this program involves working with the planners and builders, securing funding, looking toward the completion of the first 6 units and making plans for the next phase. The first phase is expected to be completed in 2024 and the rental, maintenance and upkeep of these units will be managed by the Bonner Community Housing Agency. The Agency continues to look for more financing opportunities to continue the goal of providing affordable housing to all members of the community. complicated and tedious process that many first time home buyers do not fully understand.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $68,944
Program Service Revenue $95,443
Investment Income $818
Other Revenue $0
TOTAL REVENUE $165,205

Expense Breakdown

Grants Paid $0
Salaries & Benefits $53,206
Fundraising Expenses $0
Program Expenses $114,382
Other Expenses $118,809
TOTAL EXPENSES $172,015

Year-over-Year Comparison

2023 2022 Change
Revenue $165,205 $238,697 -0.3%
Expenses $172,015 $138,755 +0.2%
Net Income $-6,810 $99,942 -1.1%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Governance

Voting Members
8
Independent Members
8
Employees
5
Volunteers
1

Governance Policies

Conflict of Interest Policy
Whistleblower Policy
Document Retention Policy

Special Practices & Reported Activities

Operated a School
Operated a Hospital
Provided First Class Travel
Reported Conflict of Interest
Reported Asset Diversion
Excess Benefit Transaction
Made Political Expenditures
Engaged in Lobbying
Operated Donor Advised Fund
Maintained Art Collections
Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
4
$0
Total Directors
8
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
John Dibble Board Member 1.00
Director
$0 $0 $0
Mike Peck Board Member 1.00
Director
$0 $0 $0
Frank Grubin Board Member 1.00
Director
$0 $0 $0
Kyle Schreiber Board Member 1.00
Director
$0 $0 $0
Berit Ollestad Secretary 1.00
Officer Director
$0 $0 $0
Nathan Rench Treasurer 1.00
Officer Director
$0 $0 $0
Carol Curtis Vice President 1.00
Officer Director
$0 $0 $0
Daniel Hanson President 1.00
Officer Director
$0 $0 $0
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2024 No data No data No data No data
2023 $165,205 $172,015 $161,397 $-6,810
2022 $238,697 $138,755 $167,329 $99,942
2021 $156,168 $99,870 $68,221 $56,298
2020 $105,804 $116,652 $423,315 $-10,848
2019 $90,472 $146,053 $207,626 $-55,581
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