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Housing First Network FY2023 filing

Roseville, MNUnknown exempt organization EIN 47-5002803Revenue $643K in FY2023

On file with the IRShousingfirstnetwork.org2960 Centre Point Drive · Roseville, MN

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Housing First Network strives to advance the message of Housing affordability, smart regulations and protection of the american dream.

29¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Programs: Part IX

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FY2023 · Form 990Independent: from IRS data, not the org
Download 990
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 $130K a year · 22% of revenue · last 5 filings
Fine: a surplus in 4 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
29%
of spending
Concern: 29% of spending went to programs; under 50%.
Pt IX · Ln 25 · col B
Cash reserves
24 mo
of spending, in cash
Looks good: 23.9 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $10K
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$259K
20% of total assets
Looks good: liabilities are 20% of assets; 50% or less.
Pt X · Ln 26
Independent board members
7
of 7 voting members
Looks good: 7 of 7 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$643K
+5% vs prior year
Spent
$365K
To programs
29%
Net assets
$1.1M
By yearFY2020–FY2024
Revenue
$643K
FY2023▲ +5%
Tap a bar for its year
Revenue by fiscal year
FY2020$501K
FY2021$527K
FY2022$610K
FY2023$643K
FY2024$642K
Expenses
$365K
FY2023▼ -54%
Tap a bar for its year
Expenses by fiscal year
FY2020$396K
FY2021$247K
FY2022$795K
FY2023$365K
FY2024$471K
Net assets
$1.1M
FY2023▲ +36%
Tap a bar for its year
Net assets by fiscal year
FY2020$690K
FY2021$971K
FY2022$786K
FY2023$1.1M
FY2024$1.2M

From the FY2023 Form 990 · see the original

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You’re viewing the FY2023 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 Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

29 cents of each dollar spent went to programs.

Program services 29% · $108K Management & general 71% · $258K

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

9 people listed on the 990.

Part VII, Section A · reportable compensation
James Julkowski
Immediate Past President
$0Pt VII · Sec A
$0Pt VII · Sec A
Sunny Bowman
Past Associate Vice President
$0Pt VII · Sec A
Art Pratt
Builder Vice-President
$0Pt VII · Sec A
Dale Loeffler
Associate Vice President
$0Pt VII · Sec A
Peter Martin
Secretary
$0Pt VII · Sec A
Tim Fohr
Treasurer
$0Pt VII · Sec A
James Vagle
Chief Executive Officer
$0Pt VII · Sec A
See Housing First Network 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 15aNo

Programs and updates

Advocates for affordable housing, smart regulations, and protecting the American Dream.

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Provided by the organization

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1 program · $108K · in their own filed words · FY2023
01

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

$108Kprogram 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 · FY2022
Builders Association of the Twin CitiesFY2022$10K
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

By the numbers

The FY2023 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$643K
Ln 12
Fees for servicesLn 2g$628K
Investment incomeLn 3$15K
Money outPt IX
$365K
Ln 25
Programscol B$108K
Managementcol C$258K
Owns and owesPt X
$1.1M
net assets · Ln 32
Cash and savingsLn 1–2$728K
Total assetsLn 16$1.3M
LiabilitiesLn 26$259K
PeoplePt VI, VII
9
listed · VII A
PaidVII A0
Voting boardVI 1a7
IndependentVI 1b7
2In more detail
Revenue in detailPt VIII
Fees for servicesLn 2g$628K
Investment incomeLn 3$15K
Total revenueLn 12$643K
Assets in detailPt X, end of year
CashLn 1$728K
Cash and savings togetherLn 1–2$728K
InvestmentsLn 11–13$515K
Total assetsLn 16$1.3M
LiabilitiesLn 26$259K
Net assetsLn 32$1.1M
OperationsPt I, VI
EmployeesI 50
VolunteersI 67
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13No
Records policyVI 14No
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY23End FY23
Cash and savingsLn 1–2$961K$728K
InvestmentsLn 11–13$515K
Total assetsLn 16$1.0M$1.3M
LiabilitiesLn 26$254K$259K
Net assetsLn 32$786K$1.1M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Management feesLn 11a$250K$250K
Other fees for servicesLn 11g$108K$108K
Other expenses (24a–d)Ln 24$8K$8K
Total functional expensesLn 25$365K$108K$258K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest $642K$471K$171K$1.2M 990 PDF
FY2023 Viewing $643K$365K$278K$1.1M 990 PDF
FY2022 $610K$795K−$185K$786K 990 PDF
FY2021 $527K$247K$280K$971K 990 PDF
FY2020 $501K$396K$105K$690K 990 PDF

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Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants O · Explanations
See the full FY2023 990 (6 parts)
Part I · Summary $643,172 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $10,000$0
I-9 Program service revenuePrior year $599,361$627,728
I-10 Investment incomePrior year $827$15,444
I-11 Other revenuePrior year $0$0
I-12 Total revenuePrior year $610,188$643,172
I-13 Grants and similar amounts paidPrior year $360,000$0
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $0$0
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $434,975$365,004
I-18 Total expensesPrior year $794,975$365,004
I-19 Revenue less expensesPrior year −$184,787$278,168
Part VI · Governance 7 of 7 board members independent, 3 to look at
VI-1a Voting members of the governing body7
VI-1b Independent voting members7
VI-13 Written whistleblower policyNo
VI-14 Document retention and destruction policyNo
VI-15a Process for setting top official's payNo
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
Part VIII · Statement of revenue $643,172 across 3 lines filed
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $627,728$627,728
VIII-3 Investment incomeExcluded from tax $15,444$15,444
VIII-12 Total revenueRelated to mission $627,728 · Unrelated business $0 · Excluded from tax $15,444$643,172
Part IX · Statement of functional expenses $365,004 across 3 lines filed
IX-11a Management feesManagement $250,004$250,004
IX-11g Other fees for servicesPrograms $107,500$107,500
IX-24 Other expenses (24a–d)Management $7,500$7,500
IX-25 Total functional expensesPrograms $107,500 · Management $257,504 · Fundraising $0$365,004
Part X · Balance sheet $1,324,488 assets, 11 lines filed
X-1 Cash, non-interest-bearingStart of year $960,828$728,047
X-4 Accounts receivableStart of year $70,582$80,995
X-9 Prepaid expenses and deferred chargesStart of year $8,125$625
X-11 Publicly traded securities$514,821
X-16 Total assetsStart of year $1,039,535$1,324,488
X-17 Accounts payable and accrued expenses$3,000
X-19 Deferred revenueStart of year $253,759$256,031
X-26 Total liabilitiesStart of year $253,759$259,031
X-27 Net assets without donor restrictionsStart of year $785,776$1,065,457
X-32 Total net assets or fund balancesStart of year $785,776$1,065,457
X-33 Total liabilities and net assetsStart of year $1,039,535$1,324,488
Part XI · Reconciliation of net assets $1,065,457 net assets at year end
XI-1 Total revenue$643,172
XI-2 Total expenses$365,004
XI-3 Revenue less expenses$278,168
XI-4 Net assets at start of year$785,776
XI-5 Net unrealized gains (losses) on investments$1,513
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$1,065,457

Form 990 e-file (XML) FY2023 from the IRS · Classification, formation year and address from the IRS Business Master File

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