Idaho Community Reinvestment Corporation
Idaho Community Reinvestment Corporation
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About this organization
Revenue
$1,032,363
Expenses
$979,771
Mission
To provide financing and technical assistance to facilitate development of affordable housing
About
Since inception, ICRC has provided long-term financing and related refinancing activities for 2,063 multi-family affordable housing units in the State of Idaho. The primary focus for these units is for tenants earning from 30% to 60% of the area median income. ICRC's primary mission is providing financing to support affordable housing by actively marketing competitive loan products to encourage developers to provide multifamily and senior affordable housing in Idaho.
Interesting data from their 2020 990 filing
The non-profit's aim, as indicated in the filing, is “The corporation shall exist to provide financing and technical assistance to facilitate development and preservation of affordable housing in the state of idaho and to otherwise support community development and redevelopment needs.”.
When referring to its functions, they were specified as: “To provide financing and technical assistance to facilitate development of affordable housing”.
- The non-profit has reported their operating state as ID, as required by law.
- As stated in the filing, the non-profit's address in 2020 was PO Box 2002, Boise, ID, 837012002.
- The non-profit's form reports a total of 0 employees as of 2020.
- Is not a private foundation.
- Expenses are greater than $1,000,000.
- Revenue is greater than $1,000,000.
- Revenue less expenses is $52,592.
- The organization has 11 independent voting members.
- The organization was formed in 1993.
- The organization pays $0 in salary, compensation, and benefits to its employees.
- The organization pays $0 in fundraising expenses.