2011-09-07T12:15:55-05:00 2011-04-30 EIDE BAILLY LLP 877 W MAIN ST STE 800 BOISE ID 83702 990 2010-05-01 820461980 IDAHO COMMUNITY REINVESTMENT CORPORATION IDAH 2088507893 763 N ASHTREE WAY BOISE ID 83712 TERRY PITKIN 2088507893 2011-09-02 1 LEANN M SANNES 2083447150 2011-09-01 2010 2016-02-24 21:20:13Z TERRY PITKIN 763 N ASHTREE WAY BOISE ID 83712 3032579 0 X N/A X 1993 ID TO PROVIDE FINANCING AND TECHNICAL ASSISTANCE TO FACILITATE DEVELOPMENT OF AFFORDABLE HOUSING IN THE STATE OF IDAHO AND TO OTHERWISE SUPPORT COMMUNITY DEVELOPMENT AND REDEVELOPMENT NEEDS. 14 13 0 21 0 0 2500 0 2273688 2131686 15358 -146506 0 0 2291546 1985180 0 0 0 0 26115 39133 0 0 0 2181630 2089766 2207745 2128899 83801 -143719 31694393 31020551 30258370 29728247 1436023 1292304 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. 0 0 2047587 1975619 SINCE INCEPTION, ICRC HAS PROVIDED LONG-TERM FINANCING FOR 1,973 MULTI-FAMILY AFFORDABLE HOUSING UNITS, INCLUDING 48 IN FISCAL YEAR ENDING 4-30-11. THE PRIMARY FOCUS FOR THESE APARTMENTS IS FOR TENANTS EARNING FROM 30% TO 60% OF AREA MEDIAN INCOME. 2047587 1 0 0 0 0 0 0 0 0 0 0 1 0 1 1 1 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 4 0 0 0 0 0 0 0 0 0 0 0 0 X 14 13 1 1 1 0 1 1 1 1 1 1 0 1 1 1 1 1 0 1 1 0 X KAREN MOORE 2088507893 763 N ASHTREE WAY BOISE ID 83712 JIM BIRDSALL 0.20 X 0 0 0 STEVE NIELSON 0.20 X 0 0 0 MARK HOUSTON 0.20 X 0 0 0 WILLIS ROBINETTE 3.80 X X 0 0 0 BLAIR HAWKES 0.20 X 0 0 0 KEN ROBINETTE 0.20 X 0 0 0 ROY KYLE 2.80 X X 0 0 0 TIM HOGLAND 0.10 X 0 0 0 TERRY PITKIN 1.20 X X 0 0 0 ROBERT YAMASHITA 1.20 X X 0 0 0 LEEANN DUTTON 0.10 X 0 0 0 JENNIFER SEAMONS 1.70 X X 0 0 0 GARY GRIBBEN 1.20 X X 0 0 0 MIKE MORRISON 0.20 X 0 0 0 JEFF CONROY 0.00 X 0 0 0 MARK JENSEN 0.90 X 0 0 0 KAREN MOORE 18.80 X X 22400 0 0 JOANNE WERTZ 1.20 X 19760 0 0 42160 0 0 0 1 0 0 0 INVESTMENT INCOME 523000 2121586 2121586 LOAN FEES 624200 10100 10100 2131686 9561 9561 891332 1047399 -156067 -156067 -156067 1985180 1975619 0 9561 39133 39133 6884 6884 3057 3057 19189 19189 1483 1483 4750 4750 30 30 1944986 1944986 5618 5618 LOAN SERVICING COSTS 63031 63031 LOAN PORTFOLIO MONITOR 39570 39570 MISCELLANEOUS 1168 1168 2128899 2047587 81312 0 516857 217436 912011 1111987 28944 3125 768 767 30031820 29510963 203993 176273 31694393 31020551 12553 5387 30077224 29556258 168593 166602 30258370 29728247 X 1436023 1292304 1436023 1292304 31694393 31020551 -143719 0 X X 0 1 1 X 0 X 30000 2500 32500 2432272 2352964 2300947 2273688 2131686 11491557 2462272 2352964 2300947 2276188 2131686 11524057 0 0 0 11524057 39129 48946 30133 15358 9561 143127 39129 48946 30133 15358 9561 143127 2501401 2401910 2331080 2291546 2141247 11667184 0.98770 0.98660 0.01230 0.01340 X 0 REAL ESTATE LOANS RECEIVABLE 29469958 C INFRASTRUCTURE LOANS RECEIVABLE 41005 C 29510963 SERVICING FEE PAYABLE 5160 INTEREST PAYABLE 161442 166602 1985180 2128899 -143719 0 -143719 2141247 156067 156067 1985180 0 1985180 2284966 156067 156067 2128899 0 2128899 DESCRIPTION OF UNCERTAIN TAX POSITIONS UNDER FIN 48: PART X: THE COMPANY HAS ADOPTED THE PROVISIONS OF FASB ACCOUNTING STANDARDS CODIFICATION TOPIC ASC 740-10. AS OF APRIL 30, 2011 AND 2010, THE UNRECOGNIZED TAX BENEFIT ACCRUAL WAS ZERO. THE COMPANY WILL RECOGNIZE FUTURE ACCRUED INTEREST AND PENALTIES RELATED TO UNRECOGNIZED TAX BENEFITS IN INCOME TAX EXPENSE IF INCURRED. PART XII, LINE 2D - OTHER ADJUSTMENTS: LOSS ON SALE OF ASSETS 156,067. PART XIII, LINE 2D - OTHER ADJUSTMENTS: LOSS ON SALE OF ASSETS 156,067. X 0 0 0 0 0 0 0 0 0 JOANNE WERTZ 19760 0 0 0 0 0 0 0 0 0 19760 0 0 0 FORM 990, PART VI, SECTION A, LINE 2 FAMILY RELATIONSHIP - KEN ROBINETTE AND WILLIS ROBINETTE FORM 990, PART VI, SECTION A, LINE 3 THE EXECUTIVE DIRECTOR DUTIES ARE CONTRACTED TO KAREN MOORE THROUGH APRIL 30, 2012. DAILY OPERATIONAL MANAGEMENT OF THE ORGANIZATION IS PERFORMED BY THE EXECUTIVE COMMITTEE, WHICH CONSISTS OF THE PRESIDENT, VICE PRESIDENT, SECRETARY/TREASURER AND THE AUDIT CHAIR. AUTHORIZATION TO COMMIT LOANS TO DEVELOPERS IS THE RESPONSIBILITY OF THE LOAN COMMITTEE. FORM 990, PART VI, SECTION A, LINE 4 THE BOARD OF DIRECTORS APPROVED AN AMENDMENT TO THE LENDER'S HANDBOOK - PRICING TERMS ADDENDUM. FORM 990, PART VI, SECTION A, LINE 6 THE ORGANIZATION HAS ONE CLASS OF MEMBERS. FORM 990, PART VI, SECTION A, LINE 7A THE MEMBER FINANCIAL INSTITUTIONS ELECT THE MEMBERS OF THE BOARD OF DIRECTORS. VOTING POWER IS WEIGHTED ANNUALLY DEPENDING ON THE PERCENTAGE OF IDAHO DOMESTIC DEPOSIT ACCOUNTS EACH MEMBER REPORTS TO THE FDIC AS OF JUNE 30. FORM 990, PART VI, SECTION A, LINE 7B WRITTEN MEMBER APPROVAL IS REQUIRED FOR AMENDMENTS TO CERTAIN DEFINITIONS, COMMITMENTS TO FUND LOANS, CONSENT TO BE BOUND BY THE BYLAWS, AND AMENDMENTS TO THE CONSENT SECTION. FORM 990, PART VI, SECTION B, LINE 11 THE COMPLETED FORM 990 WILL BE EMAILED TO THE BOARD OF DIRECTORS FOR REVIEW PRIOR TO FILING BY THE ORGANIZATION'S ACCOUNTANT WITH A REQUEST THAT BOARD MEMBERS RESPOND WITHIN A GIVEN TIME FRAME IF THEY HAVE QUESTIONS OR CONCERNS. FORM 990, PART VI, SECTION B, LINE 12C THE CONFLICT OF INTEREST POLICY COVERS CURRENT BOARD MEMBERS, OFFICERS, AND LOAN COMMITTEE MEMBERS. IF A CONFLICT ARISES DURING THE YEAR, IT IS ADDRESSED AT A BOARD MEETING. IF IT NEEDS IMMEDITE ATTENTION, THE EXECUTIVE DIRECTOR HANDLES IT. IF THE CONSTRUCTION PORTION OF A DEVELOPER LOAN IS BEING FINANCED BY THE EMPLOYER OF A LOAN COMMITTEE MEMBER, THAT MEMBER ABSTAINS FROM VOTING ON THE LOAN. FORM 990, PART VI, SECTION B, LINE 15 THE EXECUTIVE COMMITTEE MAKES SALARY RECOMMENDATIONS TO THE BOARD OF DIRECTORS FOR THE ANNUAL RENEWAL OF THE THREE INDEPENDENT CONTRACTORS. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION'S ARTICLES OF INCORPORATION ARE FILED WITH THE IDAHO SECRETARY OF STATE. OTHER DOCUMENTS ARE AVAILABLE UPON REQUEST. CONTACT ADDRESSES FOR OFFICERS, DIRECTORS, ETC FORM 990, PART VII JIM BIRDSALL - 1025 S. CAPITOL BLVD., BOISE, ID 83706. JOANNE WERTZ - 5105 N. WATERSEDGE AVE., BOISE, ID 83714. STEVE NIELSON - 121 N. 9TH ST., BOISE, ID 83702. MARK HOUSTON - 350 N. 9TH ST., STE 202, BOISE, ID 83702. WILLIS ROBINETTE - 950 W. BANNOCK, BOISE, ID 83702. BLAIR HAWKES - P.O. BOX 186, MALAD CITY, ID 83252. KEN ROBINETTE - P.O. BOX 531, TWIN FALLS, ID 83303. ROY KYLE - 870 W. MAIN ST., STE 101, BOISE , ID 83702. TIM HOGLAND - 3113 RIDGEWAY DR., BOISE, ID 83702. TERRY PITKIN - 2560 FAIRVIEW AVE., MERIDIAN, ID 83642. ROBERT YAMASHITA - 101 S. CAPITOL BLVD., STE 201, BOISE, ID 83702. LEEANN DUTTON - 911 N. 7TH AVE., P.O. BOX 4169, POCATELLO, ID 83205. JENNIFER SEAMONS - 702 W. IDAHO ST., P.O. BOX 2557, BOISE, ID 83701. GARY GRIBBEN - 420 W. MAIN ST., STE 100, BOISE, ID 83702. MIKE MORRISON - P.O. BOX 1887, IDAHO FALLS, ID 83401. JEFF CONROY - 201 E. HARRISON AVE. , COEUR D'ALENE, ID 83814. MARK JENSEN - 101 S. CAPITOL BLVD, STE 201, BOISE , ID 83702. KAREN MOORE - 763 N. ASHTREE WAY , BOISE , ID 83712. FORM 990, PART XII, LINE 2C: NO CHANGE IN OVERSIGHT OR SELECTION PROCESS FROM PRIOR YEAR.