Civic Intelligence

Wood River Community Housing Trust

EIN 87-3625195 • 501(c)3 • Ketchum, ID

Profile

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 80-240% of ami. 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.

PO Box 7840Ketchum, ID 83340

www.wrcht.org

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

94th percentile

1.02x

Higher debt load relative to assets than 94% of similar nonprofits.

501(c)3 • $10M-$25M nonprofits • Source year 2024

Liabilities / Revenue

99th percentile

37.26x

Higher debt load relative to revenue than 99% of similar nonprofits.

501(c)3 • $10M-$25M nonprofits • Source year 2024

Net Margin

2nd percentile

-142%

Higher net margin than 2% of similar nonprofits.

501(c)3 • $10M-$25M nonprofits • Source year 2024

Top Officer Pay

15th percentile

$0

Higher top officer pay than 15% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

501(c)3 • $10M-$25M nonprofits • Source year 2024

Asset Growth

95th percentile

67%

Faster asset growth than 95% of similar nonprofits.

501(c)3 • $10M-$25M nonprofits • Annualized from 2023 to 2024

Revenue Growth

10th percentile

-27%

Faster revenue growth than 10% of similar nonprofits.

501(c)3 • $10M-$25M nonprofits • Annualized from 2023 to 2024

Assets

Up

$17,444,446

Up $6,981,751 (+67%) from 2023

Liabilities

Up

$17,849,754

Up $7,663,659 (+75%) from 2023

Net Assets

Down

-$405,308

Down $681,908 (-247%) from 2023

Revenue

Down

$479,103

Down $175,657 (-27%) from 2023

Expenses

Up

$1,161,011

Up $593,930 (+105%) from 2023

Net Income

Down

-$681,908

Down $769,587 (-878%) from 2023

Trend Graphs

Balance Sheet Trend

Grouped bars show assets, liabilities, and net assets across loaded filings.

$20M$15M$10M$5.0M$0-$5.0MAssets 2022: $2,309,310Liabilities 2022: $2,120,389Net Assets 2022: $188,9212022Assets 2023: $10,462,695Liabilities 2023: $10,186,095Net Assets 2023: $276,6002023Assets 2024: $17,444,446Liabilities 2024: $17,849,754Net Assets 2024: -$405,3082024

Highlighted filing

2024

Assets$17,444,446
Liabilities$17,849,754
Net Assets-$405,308

Operations Trend

Revenue, expenses, and net income by year, with the latest filing highlighted.

$1.5M$1.0M$500K$0-$500K-$1.0MRevenue 2022: $253,241Expenses 2022: $67,936Net Income 2022: $185,3052022Revenue 2023: $654,760Expenses 2023: $567,081Net Income 2023: $87,6792023Revenue 2024: $479,103Expenses 2024: $1,161,011Net Income 2024: -$681,9082024

Highlighted filing

2024

Revenue$479,103
Expenses$1,161,011
Net Income-$681,908

Filings

Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2024 to Dec 31, 2024
Signed
Nov 17, 2025
Return Version
2024v5.0
Gross Receipts
$479,103
Mission and Program Overview

Mission

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 80-240% of ami. 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.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$5,863,084$14,391,652▲ $8,528,568
Investments Other Securities$270,000$1,900,932▲ $1,630,932
Loans From Officers Directors$541,275$1,000,000▲ $458,725
Savings and Temporary Cash Investments$660,127$495,192▼ $164,935
Cash and Non-Interest-Bearing Accounts$165,153$348,371▲ $183,218
Intangible Assets-$278,497-
Accounts Receivable$49,980--
Total Assets$10,462,695$17,444,446▲ $6,981,751
Other Assets Total$3,454,351$29,802▼ $3,424,549
Liabilities
Tax Exempt Bond Liabilities$4,375,000$11,723,500▲ $7,348,500
Mortgage Notes Payable Secured by Investment Property$5,107,950$4,872,053▼ $235,897
Accounts Payable and Accrued Expenses$147,417$226,745▲ $79,328
Other Liabilities$14,453$27,456▲ $13,003
Total Liabilities$10,186,095$17,849,754▲ $7,663,659
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$276,600$-405,308▼ $681,908
Total Net Assets Fund Balance$276,600$-405,308▼ $681,908
Total Liabilities and Net Assets / Fund Balance$10,462,695$17,444,446▲ $6,981,751

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$11,627,677$406,021$12,033,698
Land$2,763,975-$2,763,975
Other Securities$270,000--
Compensation and Service Providers

Board Members and Trustees

NameTitle
Mary WilsonDirector
Steven ShafranDirector
Tim WolffDirector
Revenue and Support

Revenue Composition

Contributions and Grants
$207,219
Program Service Revenue
$268,463
Investment Income
$3,421
Other Revenue
$0
All Other Contributions
$207,219
Change in Net Assets
$-681,908
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$1,155,363
Salaries, Compensation, and Employee Benefits$5,648
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Interest$736,646--$736,646
Depreciation Depletion$233,277--$233,277
Fees for Services Legal$54,807--$54,807
Occupancy$26,953--$26,953
Fees for Services Other$20,850--$20,850
All Other Expenses$14,310--$14,310
Fees for Services Accounting$14,149--$14,149
Other Expenses$6,000--$6,000
Other Employee Benefits$5,648--$5,648
Advertising$2,272--$2,272
Office Expenses$-116--$-116
Total Functional Expenses$1,161,011$0$0$1,161,011
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Loans from Officers, Directors, Trustees, and Key Employees$541,275$1,000,000▲ $458,725
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Tenant Security Deposits$19,802
Prepaid Deposits$7,654

Bond Issues

BondIssuerIssuedIssue PricePurpose
DZions Bank Senior Loan2024-10-17$7,348,500-
AZions Bank a Bonds2022-10-04$1,575,000-
BZions Bank a Bonds2023-01-25$1,500,000-
CZions Bank a Bonds2023-03-01$1,300,000-

Bond Proceeds

BondTotal ProceedsSpentRetiredIssuance Costs
D$7,348,500---
A$1,575,000---
B$1,500,000---
C$1,300,000---

Bond Financing Compliance

No rebate due
No
Rebate not yet due
No
Form 8038-T filed
No
Gross proceeds invested
No
Gross proceeds invested in GIC
No
Exception to rebate
Yes
Corrective action procedures
No
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Backup withholding compliance
No
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
No
Other officer compensation reviewed
No
Conflict-of-interest policy
No
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Page 6, Part VI, Line 11B

Return distributed, reviewed, and approved by directors

Form 990, Page 6, Part VI, Line 19

No documents available to the public

Filing and Contact Details

Filer

Filer Name
Wood River Community Housing Trust
EIN
87-3625195
Phone
2087267500
Address
PO BOX 7840, KETCHUM, ID 83340

Signing Officer

Name
Steven Shafran
Title
Director
Phone
2087267500
Signed
2025-11-17
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Steven Shafran
Formed
2021
Legal Domicile
Id
Voting Board Members
3
Independent Board Members
3
Employees
0

Preparer

Firm
Lallman Cpas Advisors
Address
PO BOX 989, KETCHUM, ID 83340-0989
Preparer
Kody Laggis
Phone
2087267500
Supplemental Narrative

Additional Explanations

FORM 990 - ORGANIZATION'S MISSION

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 80-240% of ami. 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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IRS990ScheduleD/LandGrp/BookValueAmt02763975
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt02763975
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IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt17654
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IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1PREPAID DEPOSITS
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IRS990ScheduleD/OtherSecuritiesGrp/BookValueAmt1270000
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IRS990ScheduleK/TaxExemptBondsArbitrageGrp/SuperintegratedHedgeInd0false
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IRS990ScheduleK/TaxExemptBondsIssuesGrp/BondIssuedDt02022-10-04
IRS990ScheduleK/TaxExemptBondsIssuesGrp/BondIssuedDt12023-01-25
IRS990ScheduleK/TaxExemptBondsIssuesGrp/BondIssuedDt22023-03-01
IRS990ScheduleK/TaxExemptBondsIssuesGrp/BondIssuedDt32024-10-17
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IRS990ScheduleK/TaxExemptBondsProceedsGrp/TotalProceedsAmt11500000

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