Form 990 for the fiscal year ending June 2025 (IRS tax year 2024).
Status and standing
Where the money goes
Statement of Functional Expenses
Financial health
Summary of the Filing
| FY2021 | $162K |
|---|---|
| FY2022 | $708K |
| FY2025 | $27K |
| FY2021 | $405 |
|---|---|
| FY2022 | $4K |
| FY2025 | $107K |
Balance Sheet
Statement of Revenue
Financial Metrics
Same NTEE category, revenue band, and state where available. Descriptive — not a grade.
| Metric | This org | Peer median | Percentile |
|---|---|---|---|
| Program ratio | 70% | — | — |
| Overhead ratio | 22% | — | — |
| Fundraising cost ratio | 24% | — | — |
| Revenue growth | -67% | — | — |
| Investment management fee ratio | 0% | — | — |
| Legal fee ratio | 4% | — | — |
| Accounting fee ratio | 2% | — | — |
| Fundraising fee ratio | 0.7% | — | — |
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.
Leadership and pay
Officers, Directors & Key Employees
Salvenia Falquist’s $131K as Executive Dir. is at the 93rd percentile of top reported officer pay among 852 $100K–1M housing nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.
Compensation history total reportable pay by year · 3 named individuals · Part VII
| Name | FY2025 | FY2022 |
|---|---|---|
| Salvenia Falquist | $131,026 | — |
| Tess Fields | — | $120,000 |
| Toni Wallick | $18,672 | — |
Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.
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Governance & Policies
Mission and programs
Connects homeowners with spare rooms to renters needing affordable housing.
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Where the work happens
To connect homeowners with a spare bedroom to rent and home seekers in need of affordable housing. To promote home sharing as a chosen and preferred lifestyle. To help homeowners gain financial resilience and home seekers to find a new home.
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Funders
From grant filings on record. Receipts are incomplete: individual donors are never listed.
Grants
Filing history
| Year | Revenue | Expenses | Change | Filing |
|---|---|---|---|---|
| FY2025 Latest Viewing | $333K | $938K | -67% | 990 PDF |
| FY2024 | Not on file | |||
| FY2023 | Not on file | |||
| FY2022 | $1.0M | $461K | +206% | 990 PDF |
| FY2021 | $328K | $166K | 990 PDF | |
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Schedules filed Part IV
Not shown yet: ratings, outcomes, and peer benchmarks. A Form 990 doesn’t report them.
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Sources
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