Bonner Community Housing Agency Inc

Nonprofit profile at a glance

EIN
260890497
IRS 990 coverage
2014–2024
Forms available
Form 990 2024, Form 990-EZ 2015, Form 990-N 2013
Location
Sandpoint, ID, USA
Phone
2082635720
Rating
76
Verdict
SUPPORTED
Rating confidence
Moderate
Sector
Low-Income & Subsidized Rental Housing

Official website

Reported finances

Revenue
$63,242
Expenses
$110,478
Assets
$114,875
Liabilities
$2,640

Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.

Leadership & pay

7 people listed

Executive titles in this filing

  • Carol Curtis (Vice President)
  • Daniel Hanson (President)

People named in this filing

  • Carol Curtis (Vice President)
  • John Dibble (Board Member)
  • Daniel Hanson (President)

Selected names, not a complete roster or a statement of current roles. Open leadership details for the complete filed list.

Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

Our mission is to produce creative solutions, develop quality affordable housing and assist those making the Average Median Income fulfill their housing needs and goals.

What it reported doing in 2024

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 complicated and tedious process that many first time home buyers do not fully understand. Bonner Community Housing Agency, in association with the property owner and Sandpoint Property management completed 6 units of workforce housing (Culver Crossing Development) in 2024. The project began in 2023 and all 6 units have now been completed and are 100% occupied. The preselection of new tenants is handled by BCHA while the managment and maintenance of the units are handled by Sandpoint Property Management. Bonner Community Housing Agency built a 3 bedroom, 2 bath home in Ponderay using a loan from IHFA (327 Jasper Loop). This home is intended for a family who makes 80% of the Average Median Income. The program provides a subsidy from IHFA as a silent second for 15 years or whatever portion of the sale price the approved buyer cannot afford. Bonner Community Housing is part of creating 6 units of affordable housing in Priest River. This program is a ground lease program. The units are being sold at $270,000 and intended to help create more opportunities for our locally employed to be able to become home owners. For this program, we partnered with the Kaniksu Land Trust and LEAP to create these 6 units. Two have sold and are owner occupied. The other four are on the market and we are looking for buyers.

Operating model

Revenue model
Mixed. Its operating money came from several sources; no one source provided a clear majority.
Distribution model
Direct operator. The filing allocates 100% of reported program-service expenses outside its grant, affiliate-payment, and member-benefit lines. This expense classification does not rule out separately announced grant awards.

The verdict

SUPPORTED - The filed numbers largely add up and a large share of available resources goes toward mission work. A relatively small share of total spending goes to programs and some filing-based governance responses are negative or unanswered.

Rating breakdown

  • Financial Efficiency: 69
  • Transparency & Controls: 92
  • Accountability: 76
  • Sustainability: 29
  • Growth: 80

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 92.4%; rating input score 92
  • Program expense ratio: 52.6%; rating input score 53
  • Fundraising efficiency: Limited

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 63rd percentile among comparable filings
  • Pay-setting controls: Limited
  • Foreign activity oversight: Limited
  • Grant itemization coverage: Limited
  • Major donor itemization: Yes; rating input score 100
  • Related-party transparency: Limited

Accountability

  • Independent voting board: 100%; rating input score 100; 64th percentile among comparable filings
  • Governance controls: 3 of 7 controls in place; rating input score 43
    • Conflict-of-interest policy: Pass
    • Whistleblower policy: Fail
    • Document-retention policy: Fail
    • CEO compensation review process: NotApplicable
    • Other executive compensation review process: NotApplicable
    • Form 990 shared with the board: Pass
    • Board meeting minutes documented: Pass
    • Audit committee oversight: Missing
    • Independent financial-statement audit: Fail

Sustainability

  • Operating margin: -74.7%; rating input score 24; 24th percentile among comparable filings
  • Total-asset coverage ratio: 1.04; rating input score 25; 25th percentile among comparable filings
  • Liabilities to assets ratio: 0.02; rating input score 25; 25th percentile among comparable filings
  • Officer compensation ratio: 0%; rating input score 60; 60th percentile among comparable filings

Growth

  • Program expense growth: 4.1% per year; rating input score 100; 63rd percentile among comparable filings
  • Revenue growth: 11.9% per year; rating input score 100; 89th percentile among comparable filings
  • Asset growth: -1.2% per year; rating input score 0; 34th percentile among comparable filings

Details

  • Where the money goes: 92.4% of revenue deployed · 52.6% of spending went to programs
  • Governance: 7 of 7 board members independent · 3 of 7 filing controls reported
  • Programs: 1 filed program accomplishment · $58K in reported program spending
  • Leadership: top reported pay $0 · 7 people listed
  • Consistency: 25 of 25 current checks pass
  • Schedules: 4 filed schedules · includes major donors
  • Filing history: 8 filing years from 2014 to 2024
  • Contacts: How to reach this organization
  • Money network: Resolved incoming and outgoing counterparties from filed money flows.
  • Related organizations: Filed and resolved organization relationships.
  • Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
  • People: Everyone the filings name, and which of them the filings identify by more than a name.

Key Signals

Signals prioritize questions for review. They are not findings of misconduct.

  • Review — Financial Efficiency: Program expense ratio scored 53/100.
  • Moderate — Accountability: Governance controls: 3 of 6 not reported.
  • High — Sustainability: Operating margin scored 24/100.
  • High — Sustainability: Total-asset coverage ratio scored 25/100.
  • High — Growth: Asset growth scored 0/100.
  • High — Sustainability: Liabilities to assets ratio scored 25/100.