Idaho Housing Foundation

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Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

2005

Legal Domicile

Principal Officer

Gerald M Hunter

Phone

2083314756

Tax Period

2024-07-01 to 2025-06-30

Idaho Housing Foundation, founded in 2005, is a community nonprofit in the Housing & Shelter sector that reported $1.6M in total revenue in fiscal year 2024. Revenue grew 8% year-over-year, indicating healthy expansion. Expenses of $2.3M exceeded revenue, resulting in a 41% operating deficit.

Mission

To enhance safe, stable and affordable housing throughout Idaho. (Continued on Schedule O)The Idaho Housing Foundation, Inc. helps people build a strong foundation for their lives through stable, safe, and affordable housing. The Foundation supports shelters and shelter services for Idaho's homeless and most disadvantaged, helps clients avoid eviction and prevent homelessness, encourages asset building to help clients build financial independence, and facilitates tax-advantaged property donations for affordable housing purposes.

Program Service Accomplishments

Program 1

Expenses: $1,260,605 Revenue: $16,221

Community Initiatives: Actively raised funds to support the Campaign to End Family Homelessness in Ada County, and an Inclement Weather Shelter Program with the City of Boise.

Program 2

Expenses: $452,443

The Homelessness Initiatives program supports emergency shelters, rapid rehousing and permanent housing for homeless and low-income households, providing critical resources to Idahoans in dire need of safe, stable housing or shelter in association with U.S. HUD Continuum of Care local grantee-based programs.

Program 3

Expenses: $397,977

The Avenues for Hope Housing Challenge is an annual online fundraiser that supports 99 nonprofits and schools that provide housing and supportive services throughout Idaho. In 2024, $5.2 million was raised and was provided directly to nonprofit agencies. More than $20.8 million has been raised since the campaign began in 2011.

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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%)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $1,554,950

Program Service Revenue $16,221

Investment Income $49,327

Other Revenue $0

TOTAL REVENUE $1,620,498

Expense Breakdown

Grants Paid $2,005,910

Salaries & Benefits $133,550

Fundraising Expenses $15,952

Program Expenses $2,139,460

Other Expenses $144,429

TOTAL EXPENSES $2,283,889

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,620,498	$1,496,667	+0.1%
Expenses	$2,283,889	$2,799,531	-0.2%
Net Income	$-663,391	$-1,302,864	-0.5%

Key Indicators

✓ Grants to Organizations ✓ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required

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Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

Employees

N/A

Volunteers

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

$1,490,997

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Gerald M Hunter	President-IHFA Executive Director	1.00	Officer	$0	$95,023	$619,040
John Chung	Treasurer-IHFA CFO	2.00	Officer	$0	$79,885	$373,078
Brady Ellis	Executive Vice President-IHFA VP	2.00	Officer	$0	$59,646	$265,355
Wayne Millward From 042025	Asst. Secretary/Treasurer-IHFA VP	2.00	Officer	$0	$54,225	$233,524
Steven Keen	Chairman	0.30	Officer Director	$0	$0	$0
Mark Dunham	Vice Chairman	0.30	Officer Director	$0	$0	$0
Nancy Vannorsdel	Secretary	0.30	Officer Director	$0	$0	$0
Scot Ludwig	Director	0.30	Director	$0	$0	$0
Tracy Silver	Director	0.30	Director	$0	$0	$0
Jeff Nesset	Director	0.30	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
2025	$1,620,498	$2,283,889	$2,296,984	$-663,391
2024	$1,496,667	$2,799,531	$2,086,428	$-1,302,864
2023	$3,021,557	$1,711,372	$2,790,664	$1,310,185
2022	$4,064,238	$1,632,241	$2,203,097	$2,431,997
2021	$2,420,228	$2,538,214	$1,642,021	$-117,986
2020	$1,807,701	$1,942,124	$2,003,820	$-134,423
2018	$1,386,132	$1,457,178	$2,753,664	$-71,046