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Batc Foundation FY2021 filing

Tax-deductible

Roseville, MN501(c)(3)Unclassified EIN 41-1802616Revenue $774K in FY2021

On file with the IRShousingfirstmnfoundation.org2960 Centre Pointe Dr, 55113-1182 · Roseville, MNTax-exempt since May 1997Publicly supported charity — 170(b)(1)(A)(vi)

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To work in partnership with others to provide safe, durable, affordable housing for minnesota's homeless, veterans and others in need. As the charitable arm of Batc-housing first minnesota, the Foundation partners with local homeless service providers and taps the talents and resources of the association's member builders, remodelers, suppliers, and volunteers to build new or renovate existing transitional housing facilities for those experiencing homelessness.

501(c)(3) charity; gifts are tax-deductible.
62¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

Before you give

FY2021 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2024
latest Form 990
Looks good: the latest return is for FY2024, 2 tax years back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
4 of 5
filings with a surplus
Average surplus $285K a year · 28% of revenue · last 5 filings
Fine: a surplus in 4 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
62%
of spending
Worth a look: 62% of spending went to programs; under 65%.
Pt IX · Ln 25 · col B
Cash reserves
8 mo
of spending, in cash
Plus $1.3M in investments, Pt X · Ln 11–13
Looks good: 8.2 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
6
named funders · $102K
Looks good: 6 funders name it on their filings; 3 or more.
Funders’ Sch. I, 990-PF
Liabilities
$260K
15% of total assets
Looks good: liabilities are 15% of assets; 50% or less.
Pt X · Ln 26
Independent board members
17
of 17 voting members
Looks good: 17 of 17 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$774K
+13% vs prior year
Spent
$580K
To programs
62%
Net assets
$1.5M
By yearFY2020–FY2024
Revenue
$774K
FY2021▲ +13%
Tap a bar for its year
Revenue by fiscal year
FY2020$683K
FY2021$774K
FY2022$913K
FY2023$1.1M
FY2024$1.7M
Expenses
$580K
FY2021▼ -12%
Tap a bar for its year
Expenses by fiscal year
FY2020$661K
FY2021$580K
FY2022$1.1M
FY2023$956K
FY2024$427K
Net assets
$1.5M
FY2021▲ +22%
Tap a bar for its year
Net assets by fiscal year
FY2020$1.3M
FY2021$1.5M
FY2022$1.2M
FY2023$1.5M
FY2024$2.8M

From the FY2021 Form 990 · figures checked against the IRS filing · see the original

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You’re viewing the FY2021 filing — not the latest on file. See the latest (FY2024) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in May 1997.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

62 cents of each dollar spent went to programs.

Program services 62% · $359K Management & general 10% · $56K Fundraising 28% · $165K

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

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Who runs it and what they're paid

19 people listed on the 990.

Part VII, Section A · reportable compensation
Paul Roecker
President
$0Pt VII · Sec A
Kathy Greiner
Vice President
$0Pt VII · Sec A
Kate Hamilton
Treasurer
$0Pt VII · Sec A
Jim Fuschetto
Secretary
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
See Batc Foundation executive salaries →

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Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aYes

Programs and updates

Builds and renovates safe, affordable housing for Minnesota's homeless and veterans.

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Provided by the organization

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1 program · $359K · in their own filed words · FY2021
01

Community build projects-housing for heroes two community build projects with build partner lennar were completed for the minnesota assistance council for veterans (macv) to serve as supportive housing for veterans and their families experiencing homelessness.

$359Kprogram expense

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · received and paid
Grants received · FY2024
Builders Association of the Twin CitiesFY2024$50K
Hugh J Andersen FoundationFY2024$20K
Centerpoint Energy Foundation INCFY2024$15K
American Online Giving Foundation INCFY2024$7K
Fidelity Investments Charitable Gift FundFY2024$6K
Donor Advised Charitable Giving INCFY2024$5K
Total grants receivedfrom 6 funders$102K
See all 6 funders →
Grants paid · 1 grant · $15K · 2020–2020
Unitemized GrantFY2020$15,000

By the numbers

The FY2021 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$774K
Ln 12
Gifts and grantsLn 1h$514K
Other incomeLn 4–11$174K
Investment incomeLn 3$85K
Money outPt IX
$580K
Ln 25
Programscol B$359K
Managementcol C$56K
Fundraisingcol D$165K
Owns and owesPt X
$1.5M
net assets · Ln 32
Cash and savingsLn 1–2$398K
Total assetsLn 16$1.8M
LiabilitiesLn 26$260K
PeoplePt VI, VII
19
listed · VII A
PaidVII A0
Voting boardVI 1a17
IndependentVI 1b17
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$514K
Noncash giftsLn 1g$77K
Fundraising eventsLn 1c$186K
Investment incomeLn 3$85K
Other incomeLn 4–11$174K
Total revenueLn 12$774K
Assets in detailPt X, end of year
CashLn 1$398K
Cash and savings togetherLn 1–2$398K
InvestmentsLn 11–13$1.3M
Land, buildings, equipmentLn 10c$0
Other assetsLn 15$17K
Total assetsLn 16$1.8M
LiabilitiesLn 26$260K
Net assetsLn 32$1.5M
OperationsPt I, VI
EmployeesI 50
VolunteersI 617
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY21End FY21
Cash and savingsLn 1–2$143K$398K
InvestmentsLn 11–13$1.2M$1.3M
Land, buildings, equipmentLn 10c$0$0
Total assetsLn 16$1.5M$1.8M
LiabilitiesLn 26$228K$260K
Net assetsLn 32$1.3M$1.5M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Other salaries and wagesLn 7$163K$47K$27K$89K
Other employee benefitsLn 9$14K$4K$1K$8K
Management feesLn 11a$32K$9K$5K$17K
Other fees for servicesLn 11g$20K$11K$8K
Advertising and promotionLn 12$824$824
Office expensesLn 13$9K$2K$4K$3K
TravelLn 17$4K$719$2K$1K
Conferences, conventions and meetingsLn 19$3K$831$473$2K
Other expenses (24a–d)Ln 24$328K$284K$175$45K
All other expensesLn 24e$7K$7K
Total functional expensesLn 25$580K$359K$56K$165K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest $1.7M$427K$1.2M$2.8M 990 PDF
FY2023 $1.1M$956K$123K$1.5M 990 PDF
FY2022 $913K$1.1M−$142K$1.2M 990 PDF
FY2021 Viewing $774K$580K$194K$1.5M 990 PDF
FY2020 $683K$661K$23K$1.3M 990 PDF

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Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants A · Public support M · Noncash O · Explanations
See the full FY2021 990 (6 parts)
Part I · Summary $773,608 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $655,872$513,940
I-9 Program service revenuePrior year $0$0
I-10 Investment incomePrior year $114$85,272
I-11 Other revenuePrior year $27,512$174,396
I-12 Total revenuePrior year $683,498$773,608
I-13 Grants and similar amounts paidPrior year $15,000$0
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $173,697$176,559
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $472,104$403,486
I-18 Total expensesPrior year $660,801$580,045
I-19 Revenue less expensesPrior year $22,697$193,563
Part VI · Governance 17 of 17 board members independent, no flags
VI-1a Voting members of the governing body17
VI-1b Independent voting members17
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
VI-13 Written whistleblower policyYes
VI-14 Document retention and destruction policyYes
VI-15a Process for setting top official's payYes
Part VIII · Statement of revenue $773,608 across 9 lines filed
VIII-1c Fundraising events$186,386
VIII-1d Related organizations$25,000
VIII-1f All other contributions, gifts and grants$302,554
VIII-1g Noncash contributions (included above)$77,145
VIII-1h Total contributions, gifts and grants$513,940
VIII-3 Investment incomeExcluded from tax $85,272$85,272
VIII-8 Net income from fundraising eventsExcluded from tax $174,297$174,297
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Excluded from tax $99$99
VIII-12 Total revenueRelated to mission $0 · Unrelated business $0 · Excluded from tax $259,668$773,608
Part IX · Statement of functional expenses $580,045 across 10 lines filed
IX-7 Other salaries and wagesPrograms $47,453 · Management $27,010 · Fundraising $88,502$162,965
IX-9 Other employee benefitsPrograms $4,305 · Management $1,400 · Fundraising $7,889$13,594
IX-11a Management feesPrograms $9,318 · Management $5,304 · Fundraising $17,378$32,000
IX-11g Other fees for servicesPrograms $11,384 · Management $8,159$19,543
IX-12 Advertising and promotionFundraising $824$824
IX-13 Office expensesPrograms $1,508 · Management $4,404 · Fundraising $2,813$8,725
IX-17 TravelPrograms $719 · Management $1,731 · Fundraising $1,341$3,791
IX-19 Conferences, conventions and meetingsPrograms $831 · Management $473 · Fundraising $1,550$2,854
IX-24 Other expenses (24a–d)Programs $283,534 · Management $175 · Fundraising $44,732$328,441
IX-24e All other expensesManagement $7,308$7,308
IX-25 Total functional expensesPrograms $359,052 · Management $55,964 · Fundraising $165,029$580,045
Part X · Balance sheet $1,790,306 assets, 13 lines filed
X-1 Cash, non-interest-bearingStart of year $142,825$397,629
X-4 Accounts receivableStart of year $40,165$22,893
X-9 Prepaid expenses and deferred chargesStart of year $27,883$9,102
X-10c Land, buildings and equipment, netStart of year $0$0
X-11 Publicly traded securitiesStart of year $1,172,164$1,343,204
X-15 Other assetsStart of year $95,457$17,478
X-16 Total assetsStart of year $1,478,494$1,790,306
X-17 Accounts payable and accrued expensesStart of year $227,696$260,071
X-26 Total liabilitiesStart of year $227,696$260,071
X-27 Net assets without donor restrictionsStart of year $1,238,298$1,530,235
X-28 Net assets with donor restrictionsStart of year $12,500$0
X-32 Total net assets or fund balancesStart of year $1,250,798$1,530,235
X-33 Total liabilities and net assetsStart of year $1,478,494$1,790,306
Part XI · Reconciliation of net assets $1,530,235 net assets at year end
XI-1 Total revenue$773,608
XI-2 Total expenses$580,045
XI-3 Revenue less expenses$193,563
XI-4 Net assets at start of year$1,250,798
XI-5 Net unrealized gains (losses) on investments$85,874
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$1,530,235

Form 990 e-file (XML) FY2021 from the IRS · Classification, formation year and address from the IRS Business Master File

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