2026-04-30T20:19:25-05:00 2025-12-31 934792291 SORREN INC 1120 S RACKHAM WAY SUITE 100 MERIDIAN ID 83642 990 2025-01-01 261738122 LEAP CHARITIES INC LEAP 2083912823 670 E RIVERPARK LANE SUITE 170 BOISE ID 83706 BRIAN WOODWARD COO 2083912823 2026-04-30 1 NATHAN ODIORNE P02355271 2083338965 2026-04-30 2025 2025-03-06 01:10:19Z WELCOME HOUSING YES YOU CAN LEAP ROC BRIAN WOODWARD 670 E RIVERPARK LANE SUITE 170 BOISE ID 83706 4471709 0 X WWW.LEAPHOUSING.ORG X 2008 ID DEVELOP AND PRESERVE AFFORDABLE HOUSING WHILE PROVIDING EMPOWERING SERVICES THAT LEAD TO GREATER HOUSING STABILITY. 4 4 20 35 0 0 2450050 1483701 2729649 2600425 130887 387583 0 0 5310586 4471709 14950 7324 0 0 908674 1205030 4549 0 107655 1543878 1761528 2472051 2973882 2838535 1497827 23749170 26009352 14614365 15435777 9134805 10573575 X FOUNDED IN 2008, BOISE BASED LEAP HOUSING BELIEVES ALL PEOPLE DERSERVE AN OPPORTUNITY TO ACCESS A SAFE, STABLE AND AFFORDABLE HOME. 0 0 1837556 7324 2567015 AFFORDABLE HOUSING DEVELOPMENT: DEVELOPING AFFORDABLE HOUSING THROUGH INNOVATIVE CONSTRUCTION AND FINANCING PROCESSES. 73699 26677 LEAP ROC (RESIDENT-OWNED COMMUNITIES): WORKING TO HELP MOBILE PARK RESIDENTS TO BUY THEIR LAND FROM THE OWNER AND RUN IT AS A COOPERATIVE. 296761 LEAP LOAN FUND: FOR THE PURPOSE OF PROVIDING LOANS TO PROSPECTIVE HOMEOWNERS IN THE COMMUNITY LAND TRUST. POTENTIAL OWNERS COME INTO THE OFFICE. THE HOMEOWNERSHIP MANAGER INTERVIEWS THEM AND COLLECT INCOME DOCUMENTATION TO CERTIFY THAT THEY ARE INCOME QUALIFIED. 210022 6733 WELCOME HOUSING AND OTHER PROGRAMS 210022 6733 2418038 1 1 0 0 0 0 0 0 0 0 1 0 0 1 0 1 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 1 0 0 0 0 0 1 0 0 0 1 1 0 1 20 1 0 0 0 0 0 0 0 0 0 0 0 0 X 4 4 0 0 0 0 0 0 0 0 0 0 0 1 1 1 1 0 0 0 0 0 X THE ORGANIZATION 2083912823 670 E RIVERPARK LANE SUITE 170 BOISE ID 83706 JERRY BRADY PRESIDENT 1.00 X X 0 0 0 MEGAN MANLOVE TREASURER 1.00 X X 0 0 0 LAURA RIDEOUT SECRETARY 1.00 X X 0 0 0 BART COCHRAN CEO 40.00 X 95177 54000 459 BRIAN WOODWARD COO 40.00 X 138479 0 7687 JESSICA BOGGS BOARD MEMBER 1.00 X 0 0 0 233656 54000 8146 1 0 0 0 0 291180 1192521 1483701 DEVELOPER FEES 531390 1211765 1211765 PROGRAM RENTS 531310 1063642 1063642 DEVELOPMENT PROJECT IN 531390 256099 256099 PROGRAM FEES 531390 62186 62186 6733 6733 2600425 278146 278146 109437 0 109437 109437 109437 4471709 2600425 0 387583 X 7324 7324 241802 178674 42840 20288 822192 607540 145668 68984 58026 42877 10280 4869 83010 61338 14707 6965 7333 7333 389781 342902 46608 271 35002 7566 26864 572 333412 291677 41735 36193 18495 14545 3153 407615 381188 26427 413635 413152 483 89272 54107 34928 237 OTHER 37845 11093 24436 2316 CONTRACTS AND ASSISTANC 11440 105 11335 2973882 2418038 448189 107655 3145400 1868170 165000 293000 1560986 2189872 115 963909 4600495 5924264 110940 88918 14225423 1002986 13082181 13222437 1084053 1458782 23749170 26009352 359148 113635 256 10410961 9828142 3844000 5494000 14614365 15435777 X 7765484 9847166 1369321 726409 9134805 10573575 23749170 26009352 X 1497827 -59057 0 X 0 1 X 1 1 1 X 1270800 1608638 2409399 2330050 1483701 9102588 1270800 1608638 2409399 2330050 1483701 9102588 1409209 7693379 61868 191830 278146 531844 7569 24244 31813 9666245 9247731 0.79590 0.82140 X PART II, LINE 1 CONTRIBUTIONS AND INTEREST INCOME FOR 2024 HAVE BEEN ADJUSTED TO ACCOUNT FOR THE CHANGES NOTED ON SCHEDULE O FOR FORM 990, PART XI, LINE 8. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 2153789 2153789 8956602 983592 7973010 128996 19394 109602 2986036 2986036 13222437 FUNDS HELD IN ESCROW 46650 LAND HELD IN TRUST 1403482 INVESTMENT IN SILVER CREEK 8650 1458782 X 4518889 47180 47180 4471709 0 4471709 3021062 47180 47180 2973882 0 2973882 PART X, LINE 2: THE ACCOUNTING STANDARD ON ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES ADDRESSES THE DETERMINATION OF WHETHER TAX BENEFITS CLAIMED OR EXPECTED TO BE CLAIMED ON A TAX RETURN SHOULD BE RECORDED IN THE FINANCIAL STATEMENTS. UNDER THAT GUIDANCE, THE ORGANIZATION MAY RECOGNIZE THE TAX BENEFIT FROM AN UNCERTAIN TAX POSITION ONLY IF IT IS MORE LIKELY THAN NOT THAT THE TAX POSITION WILL BE SUSTAINED ON EXAMINATION BY TAXING AUTHORITIES BASED ON THE TECHNICAL MERITS OF THE POSITION. THE TAX BENEFITS RECOGNIZED IN THE FINANCIAL STATEMENTS FROM SUCH A POSITION ARE MEASURED BASED ON THE LARGEST BENEFIT THAT HAS A GREATER THAN 50 PERCENT LIKELIHOOD OF BEING REALIZED UPON ULTIMATE SETTLEMENT. THERE WERE NO UNRECOGNIZED TAX BENEFITS IDENTIFIED OR RECORDED AS LIABILITIES FOR FISCAL YEARS 2025 AND 2024. THE ORGANIZATION FILES FORM 990 IN THE U.S. FEDERAL JURISDICTION. THE ORGANIZATION IS GENERALLY NO LONGER SUBJECT TO EXAMINATION BY THE INTERNAL REVENUE SERVICE FOR YEARS BEFORE 2022. 1 PART I, LINE 2: THE ORGANIZATION MAINTAINS RECORDS TO SUBSTANTIATE THE AMOUNT OF GRANTS, AS WELL AS THE SELECTION CRITERIA USED TO AWARD THE GRANTS. FALCONS LANDING LLC OWNED BY CEO AND FORMER BOARD MEMBER, CHAD HANSEN CONSTRUCTION AND OPERATING FUNDS X 963909 963909 0 1 1 963909 PROPERTY PEOPLE OWNED BY CEO 89546 AMOUNT PAID TO PROPERTY PEOPLE FOR DEVELOPER FEES, CONSTRUCTION FEES, AND REIMBURSEMENT OF EXPENSES. THERE ARE NO REMAINING AMOUNTS PAYABLE. 0 FALCONS LANDING LLC OWNED BY CEO 312099 AMOUNT PAID TO PROPERTY PEOPLE FOR DEVELOPER FEES, CONSTRUCTION FEES, AND REIMBURSEMENT OF EXPENSES. 0 FORM 990, PART VI, SECTION A, LINE 8A THREE VOTING MEMBERS FORM 990, PART VI, SECTION A, LINE 8B ALL VOTING MEMBERS HAVE THE SAME RIGHTS FORM 990, PART VI, SECTION B, LINE 11B ALL BOARD MEMBERS REVIEWED THE FORM 990. FORM 990, PART VI, SECTION B, LINE 12C POTENTIAL CONFLICTS OF INTEREST ARE EXAMINED DURING BOARD OF DIRECTORS MEETING. FORM 990, PART VI, SECTION C, LINE 19 ORGANIZATION'S BYLAWS AND DOCUMENTS ARE AVAILABLE UPON REQUEST. FORM 990, PART IX, LINE 11G PROFESSIONAL FEES: PROGRAM SERVICE EXPENSES 342,902. MANAGEMENT AND GENERAL EXPENSES 46,608. FUNDRAISING EXPENSES 271. TOTAL EXPENSES 389,781. FORM 990, PART XI, LINE 8 DURING THE YEAR ENDED DECEMBER 31, 2025, MANAGEMENT DETERMINED THAT A $120,000 NOTE PAYABLE, FORGIVABLE IN 10 YEARS, WAS IMPROPERLY RECORDED AS UNRESTRICTED CONTRIBUTION REVENUE DURING THE YEAR ENDED DECEMBER 31, 2024. THE $120,000 RESTATEMENT IS 1.40% OF THE RESTATED LONG-TERM DEBT. MANAGEMENT ALSO DETERMINED THAT $60,943 OF INTEREST RECEIVABLE WAS NOT PROPERLY ACCRUED WITHIN THE DECEMBER 31, 2024 FINANCIAL STATEMENTS. THE ACCRUED INTEREST RELATES TO A NOTE RECEIVABLE FROM LEAP CHARITIES, INC TO FALCONS LANDING, LLC, AND IS 7.59% OF THE RESTATED NOTES RECEIVABLE. PROPERTY RENTAL PEOPLE LLC 1220 S VISTA AVE BOISE ID 83705 452579961 RENTING PROPERTY ID 0 0 FALCONS LANDING LLC 1355 SW CARACARA AVE MOUNTAIN HOME ID 83647 873506406 RENTING PROPERTY ID 0 0 0 0 0 1 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 PROPERTY RENTAL PEOPLE LLC M 89546 CASH FALCONS LANDING LLC D 963909 BALANCE OF NOTE RECEIVABLE FALCONS LANDING LLC M 312099 CASH