Wood River Community Housing Trust Inc
- Assets
- $2.3m
- Revenue
- $253.2k
- Investments
- $0.0
- Employees
- 0
- Location
- Ketchum, ID
- Founding
- Data as of
- 12/2022
- EIN
- 87-3625195
Organization Overview
Wood River Community Housing Trust Inc is located in Ketchum, ID. According to its NTEE Classification (L82) the organization is classified as: Housing Expense Reduction Support, under the broad grouping of Housing & Shelter and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Wood River Community Housing Trust Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
THE WOOD RIVER COMMUNITY HOUSING TRUST INC. (WRCHT) IS AN IDAHO NONPROFIT CORPORATION FORMED SPECIFICALLY TO RESOLVE THE LACK OF HOUSING IN THE WOOD RIVER VALLEY OF BLAINE COUNTY, IDAHO. ITS MISSION IS ACQUIRE OR DEVELOP AFFORDABLE RENTAL HOUSING FOR THE MIDDLE-INCOME WORKFORCE. THE WRCHT DEVELOPS, ACQUIRES, OWNS AND MANAGES MULTI-FAMILY RENTAL UNITS THROUGHOUT THE WOOD RIVER VALLEY. UNITS WILL BE RENTED TO QUALIFIED LOCAL RESIDENTS WHO ARE ACTIVELY WORKING AND LIVING IN THE WOOD RIVER VALLEY. THE TARGETED INCOME LEVEL IS 80-140% OF AMI AND TARGETED RENT IS EQUAL TO 30% OF A HOUSEHOLD'S GROSS INCOME. THE WOOD RIVER COMMUNITY HOUSING TRUST IS COMMITTED TO CREATING HOUSING SUPPLY TO SUPPORT THE HEALTH OF THE WOOD RIVER VALLEY LOCATED IN BLAINE COUNTY, IDAHO.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE WOOD RIVER COMMUNITY HOUSING TRUST INC. (WRCHT) IS AN IDAHO NONPROFIT CORPORATION FORMED SPECIFICALLY TO RESOLVE THE LACK OF HOUSING IN THE WOOD RIVER VALLEY OF BLAINE COUNTY, IDAHO. ITS MISSION IS ACQUIRE OR DEVELOP AFFORDABLE RENTAL HOUSING FOR THE MIDDLE-INCOME WORKFORCE. THE WRCHT DEVELOPS, ACQUIRES, OWNS AND MANAGES MULTI-FAMILY RENTAL UNITS THROUGHOUT THE WOOD RIVER VALLEY. UNITS WILL BE RENTED TO QUALIFIED LOCAL RESIDENTS WHO ARE ACTIVELY WORKING AND LIVING IN THE WOOD RIVER VALLEY. THE TARGETED INCOME LEVEL IS 80-140% OF AMI AND TARGETED RENT IS EQUAL TO 30% OF A HOUSEHOLD'S GROSS INCOME. THE WOOD RIVER COMMUNITY HOUSING TRUST IS COMMITTED TO CREATING HOUSING SUPPLY TO SUPPORT THE HEALTH OF THE WOOD RIVER VALLEY LOCATED IN BLAINE COUNTY, IDAHO.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Mark Edlen Director | OfficerTrustee | 10 | $0 |
Steven Shafran Director | OfficerTrustee | 10 | $0 |
Mary Wilson Director | OfficerTrustee | 10 | $0 |
Tim Wolff Director | OfficerTrustee | 10 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $244,000 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $244,000 |
| Total Program Service Revenue | $9,021 |
| Investment income | $220 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $253,241 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $6,317 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $32,250 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $2,025 |
| Advertising and promotion | $2,711 |
| Office expenses | $528 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $6,046 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $15,522 |
| Insurance | $0 |
| All other expenses | $158 |
| Total functional expenses | $67,936 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $25,524 |
| Savings and temporary cash investments | $48,284 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $2,064 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $2,151,629 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $81,809 |
| Total assets | $2,309,310 |
| Accounts payable and accrued expenses | $3,514 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $2,115,000 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $1,875 |
| Total liabilities | $2,120,389 |
| Net assets without donor restrictions | $188,921 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $2,309,310 |
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Oregon Training Institute Salem, OR | $39,132 | $146,284 |
Helena Housing Development Corporation Helena, MT | $839,881 | $118,265 |
Wood River Community Housing Trust Inc Ketchum, ID | $2,309,310 | $253,241 |
Dubbers Cares Missoula, MT | $14,639 | $0 |
Community Housing Services Albany, OR | $0 | $122,045 |
Northwest Community Housing Foundation Inc Portland, OR | $102,079 | $0 |
Fortify Families Beaverton, OR | $21 | $0 |