Boise, ID
4 risk indicators measuring financial stability and operational resilience
Sign in with your work email to view Tuckman-Chang indicators
Sign In — Free (10 views/day)The Housing Company, founded in 1990, is a mid-sized nonprofit in the Unknown sector that reported $14.5M in total revenue in fiscal year 2023. Expenses of $12.6M left a modest 13% surplus.
To address the concern of an inadequate supply of affordable, decent rental housing within the state of Idaho and other states and other similar areas of need. The Housing Company was created to encourage the development, management and preservation of permanently affordable rental housing for elderly, disadvantaged, low-income or otherwise needy persons. The Housing Company intends to acquire existing low-income housing projects, making them perpetually affordable, and to encourage the development of new affordable housing projects. The Housing Company expects that the occupants of new housing projects may also include a limited number of persons of moderate or higher incomes to encourage economically integrated housing as a means of preventing community deterioration. The Housing Company intends to pursue partnerships with other affordable housing organizations, if appropriate, as a means of achieving its objectives.
The Housing Company (Housing) was incorporated in Idaho on August 2, 1990. Housing was formed to develop, acquire and operate real estate for the benefit of elderly, disadvantaged, limited income or...
The Housing Company (Housing) was incorporated in Idaho on August 2, 1990. Housing was formed to develop, acquire and operate real estate for the benefit of elderly, disadvantaged, limited income or otherwise needy persons throughout the state of Idaho. As of December 31, 2023, Housing had acquired and was operating fifteen multifamily housing complexes; had constructed and was operating twenty-two multifamily housing complexes; had constructed two additional phases of housing to existing developments; had completed renovations of two hotels and turned them into a new multifamily complex; had built a single family home known as The Cottage with HOME funds; (Continued on Schedule O)had purchased a single family home in Canyon County with federal NSP funds and turned it into special needs housing as intended by the program; had purchased three duplexes in Canyon County with federal NSP funds to rent as affordable housing; had constructed and sold three homes in Nez Perce County with HOME funds; had completed construction on three duplexes in Kuna with HOME and Housing Trust Fund moneys; had started construction on two multifamily complexes in Meridian, Idaho, and Twin Falls, Idaho and had purchased land in Nampa, Idaho, with the intent of constructing another multifamily complex.Housing was given the management responsibility of leasing and managing one (at the end of 2023) single family home (REO) that is owned and was foreclosed upon by IHFA. IHFA reimburses Housing for the amounts paid for the home's net income received or Housing repays IHFA if the income received is greater than the expenses paid. Housing receives $100 management fee per month for each REO home managed.Housing has entered into several property management agreements with Companies for the management of their Low Income Housing Tax Credit or HOME multifamily properties located in Idaho. As of December 31, 2023, Housing managed six different affordable housing projects and performed the housing compliance for one Idaho nonprofit corporation. Housing received management fees of $245,674 during 2023, which is reflected as income to Housing, but Housing has no ownership in these projects.
Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency
Sign in to view Trantor Score and financial metrics
Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)
Sign In — Free (10 views/day)| 2023 | 2022 | Change | |
|---|---|---|---|
| Revenue | $14,504,410 | $13,684,772 | +0.1% |
| Expenses | $12,594,293 | $12,050,959 | +0.0% |
| Net Income | $1,910,117 | $1,633,813 | +0.2% |
Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics
Financial Distress Indicator
Liquidity & Cash Position
Sign in to view all financial metrics
Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics
Sign In| Name | Title | Hours/Week | Role | Reportable Comp | Other Comp | Total |
|---|---|---|---|---|---|---|
| Gerald Hunter | President | 4.00 |
Officer
Director
|
$0 | $149,938 | $641,891 |
| V Dale Babbitt | Chairman | 1.00 |
Officer
Director
|
$4,550 | $0 | $4,550 |
| Nancy Vannorsdel | Director | 1.00 |
Director
|
$4,550 | $0 | $4,550 |
| Steven Keen | Director | 1.00 |
Director
|
$4,550 | $0 | $4,550 |
| Mark Dunham | Director | 1.00 |
Director
|
$4,550 | $0 | $4,550 |
| Erin Anderson | Executive Director | 40.00 |
Officer
|
$148,807 | $49,762 | $198,569 |
| John Chung | Treasurer | 1.00 |
Officer
|
$0 | $84,169 | $347,655 |
| Richard Skinner | Secretary | 1.00 |
Officer
|
$0 | $0 | $0 |
| Year | Revenue | Expenses | Assets | Net Income |
|---|---|---|---|---|
| 2024 | No data | No data | No data | No data |
| 2023 | $14,504,410 | $12,594,293 | $55,317,305 | $1,910,117 |
| 2023 | $14,504,410 | $12,594,293 | $55,317,305 | $1,910,117 |
| 2022 | $13,684,772 | $12,050,959 | $55,244,484 | $1,633,813 |
| 2021 | $13,345,868 | $12,066,076 | $54,365,926 | $1,279,792 |
| 2020 | $12,463,500 | $11,285,413 | $54,813,865 | $1,178,087 |
| 2019 | $10,737,457 | $9,421,238 | $44,251,280 | $1,316,219 |
| 2018 | $9,693,584 | $8,658,617 | $32,902,037 | $1,034,967 |
Compare The Housing Company with other nonprofits in Idaho and across the country.