Housing First Network EIN 47-5002803

Housing First Network

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Advocates for affordable housing, smart regulations, and protecting the American Dream. For fiscal year 2024 it reported $642K in revenue, $471K in expenses, and $1.2M in net assets.Pt I

Type
Unknown exempt organization · Nonprofit
Location
Roseville, MN
Website
www.housingfirstnetwork.org
Filings
5 on file (2020–2024)
Revenue
$642KFY2024
Expenses
$471K
Net assets
$1.2M
People
9
Filings
5
Updates
0
More identity details & actions ⌄
EIN  47-5002803 Unknown exempt organization Roseville, MN
Form 990 (PDF)
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Size
$100K–1M
What they do
Advocates for affordable housing, smart regulations, and protecting the American Dream.
Leadership
John Quinlivan · Immediate Past President
Money in and out
$642K revenue, $471K expenses
Bottom line
+27% surplus margin
Reported financial activity · FY2024
Total revenue
$642K
Pt VIII · Ln 12
Total expenses
$471K
Pt IX · Ln 25
Net assets
$1.2M
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): $171K
Where spending went · Part IX cols B–D
Program services $0.33 Management & general $0.67
Surplus margin
+27%
revenue over expenses, this year▼ -38% vs prior filing year
Program spending
33%
of expenses reach programs▲ +11% vs prior filing year

Summary of the Filing

Part I · fiscal year 2024 · Form 990
Revenue
$642K
FY2024-0.1%
Expenses
$471K
FY2024▲ +29%
Total assets
$1.5M
FY2024▲ +11%
Total liabilities
$222K
FY2024▼ -14%
Total revenue
$642K
Pt VIII · Ln 12
Total expenses
$471K
Pt IX · Ln 25
Net assets
$1.2M
Pt X · Ln 32
Revenue less expensesPt I · Ln 19$171K
Total assetsPt X · Ln 16$1.5M
Program-expense ratioPt IX · col B33%
Voting members of governing bodyPt I · Ln 37
Independent voting membersPt I · Ln 47
Mission & Programs · Part III

Where the work happens

1 program service account for $154K of program spending, described in the organization's own filed words · FY2024.
01

To advance the message of housing affordability, smart regulations and protection of the american dream of home ownership for all.

$154Kprogram expense

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Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CHousing First Network
EINHdr · item D47-5002803
Principal addressHdr · item CRoseville, MN
WebsiteHdr · item Jwww.housingfirstnetwork.org
Year of formationHdr · item Lpending
State of legal domicileHdr · item MMN
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFNonprofit
Ruling yearIRS BMFpending

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a7
Independent voting membersPt VI · Ln 1b7
Conflict-of-interest policyPt VI · Ln 12aYes
Whistleblower policyPt VI · Ln 13No
Document retention policyPt VI · Ln 14No
CEO/top-official compensation independently reviewedPt VI · Ln 15aNo
Family or business relationships among officers/directorsPt VI · Ln 2No

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation
Immediate Past President
$0Pt VII · Sec A
Board Chair
$0Pt VII · Sec A
Past Associate Vice President
$0Pt VII · Sec A
Associate Vice President
$0Pt VII · Sec A
Builder Vice President
$0Pt VII · Sec A
$0Pt VII · Sec A
Treasurer
$0Pt VII · Sec A
Chief Executive Officer
$0Pt VII · Sec A
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Statement of Revenue

Part VIII
Program service revenue$615K · 96%
Investment income$28K · 4%
Program service revenue96%$615K
Investment income4%$28K
Total revenueLn 12$642K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.33 Management & general $0.67
Program services33%$154K
Management & general67%$318K
Total functional expensesLn 25$471K

Balance Sheet

Part X · end of year
CashLn 1$906K
Total assetsLn 16$1.5M
Total liabilitiesLn 26$222K
Total net assetsLn 32$1.2M
Months of cash on handcomputed23.1

Financial Metrics

Form 990 · FY2024 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $1.4M · Operating expenses/yr $471K
36.2 months
Where the money goes
Program services
Program services $154K · Total expenses $471K
33%
Management & General
Management & general $318K · Total expenses $471K
67%
Fundraising
Fundraising $0 · Total expenses $471K
0%
Cost to raise $1
Fundraising expense (3-yr avg) $0 · Solicited contributions (3-yr avg) $3K
Solicited contributions below reporting floor
Where the money comes from
Contribution dependence
Contributions & grants $0 · Total revenue $642K
0%
Government reliance
Government grants — · Total revenue $642K
Earned-income share
Program service revenue $615K · Total revenue $642K
96%
Investment reliance
Investment income $28K · Total revenue $642K
+4%
Program self-sufficiency
Program service revenue $615K · Total expenses $471K
130%
Growth & trend
Revenue growth (YoY)
This year $642K · Prior year $643K
-0.1%
Revenue CAGR
FY2020 $501K · FY2024 $642K
+6%
Net-asset trend (YoY)
End of year $1.2M · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $642K · Expenses $471K
+27%
Liabilities-to-Assets
Total liabilities — · Total assets $1.5M
Net-asset ratio
Net assets $1.2M · Total assets $1.5M
85%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) $517K · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $1.5M
35%
People & payroll
Highest Reported Total Compensation
Individual John Quinlivan · Reported title IMMEDIATE PAST PRESIDENT · Highest reported compensation $0 · Total expenses $471K
0%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) — · Total expenses $471K
Peer comparison

Same NTEE category, revenue band, and state where available. Descriptive — not a grade.

MetricThis orgPeer medianPercentile
Program ratio 33%
Overhead ratio 67%
Revenue growth -0.1%

Straight from the Form 990 — descriptive, not an evaluation. A ratio is hidden when its base is zero or too small to be meaningful; the dollars are always shown.

Grants

Schedule I · received and paid
Grants received · FY2022
Total grants receivedfrom 1 funder$10K
Grants paid · 4 grants · $536K · 2020–2022
Advance MinnesotaMN · FY2022$250,000
Mn Jobs CoalitionFY2022$110,000
Integrity MinnesotaWI · FY2021$20,000
Housing First FundFY2020$156,000

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Filings & Schedule Manifest

Part IV
III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
FY2024 (Latest)$642K revenue · viewing · ⤓ 990 PDF
FY2023$643K revenue · ⤓ 990 PDF
FY2022$610K revenue · ⤓ 990 PDF
FY2021$527K revenue · ⤓ 990 PDF
FY2020$501K revenue · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2024IRS
Classification, formation year, addressIRS Business Master File
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