Form 990 for tax year 2023
Filed by THE HOUSING PARTNERSHIP NETWORK INC.
Totals
- Total revenue
- $28,438,558
- Total expenses
- $18,857,414
- Contributions and grants received
- $21,927,588
- Grants paid
- $1,671,425
- Program service revenue
- $5,807,464
- Investment income
- $515,493
- Other revenue
- $188,013
- Total assets, end of year
- $48,908,914
- Total liabilities, end of year
- $29,277,923
- Net assets or fund balances, end of year
- $19,630,991
- Program services expenses (Part IX)
- $13,819,629
- Management and general expenses
- $4,606,946
- Fundraising expenses
- $430,839
- Program service expenses (Part III)
- $13,819,629
Program services were 73.3% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.
Line items
Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.
Revenue
Part VIII, the statement of revenue.
-
1b · Membership dues
$1,277,109
-
1e · Government grants (contributions)
$1,206,889
-
1f · All other contributions, gifts and grants
$19,443,590
-
2a · Program service revenue: MANAGEMENT FEES
total $3,584,440 · related or exempt $3,584,440
-
2b · Program service revenue: PROGRAM SERVICE FEES
total $1,825,274 · related or exempt $1,825,274
-
2c · Program service revenue: INTEREST ON LOANS
total $397,750 · related or exempt $397,750
-
3 · Investment income
total $515,493 · excluded $515,493
-
11a · Other revenue: MISCELLANEOUS REVENUE
total $188,013 · related or exempt $188,013
-
11e · Other revenue, total
$188,013
Functional expenses
Part IX, the statement of functional expenses.
-
1 · Grants to domestic organizations and governments
total $1,671,425 · program services $1,671,425
-
5 · Compensation of officers, directors and key employees
total $1,977,830 · program services $1,344,924 · management and general $573,571 · fundraising $59,335
-
7 · Other salaries and wages
total $6,704,651 · program services $4,455,160 · management and general $2,015,844 · fundraising $233,647
-
8 · Pension plan contributions
total $539,607 · program services $365,162 · management and general $155,689 · fundraising $18,756
-
9 · Other employee benefits
total $641,899 · program services $434,433 · management and general $185,226 · fundraising $22,240
-
10 · Payroll taxes
total $551,355 · program services $371,748 · management and general $160,306 · fundraising $19,301
-
11b · Fees: legal
total $175,139 · management and general $175,139
-
11c · Fees: accounting
total $61,450 · management and general $61,450
-
11d · Fees: lobbying
total $9,518 · management and general $9,518
-
11g · Fees: other
total $2,854,084 · program services $2,114,735 · management and general $704,054 · fundraising $35,295
-
13 · Office expenses
total $130,739 · program services $31,428 · management and general $97,037 · fundraising $2,274
-
16 · Occupancy
total $576,946 · program services $391,085 · management and general $170,770 · fundraising $15,091
-
17 · Travel
total $411,398 · program services $320,928 · management and general $71,125 · fundraising $19,345
-
19 · Conferences, conventions and meetings
total $554,675 · program services $527,214 · management and general $27,461
-
20 · Interest
total $684,307 · program services $684,307
-
22 · Depreciation, depletion and amortization
total $93,541 · program services $73,815 · management and general $17,459 · fundraising $2,267
-
23 · Insurance
total $89,042 · program services $75,823 · management and general $12,130 · fundraising $1,089
-
24a · Other expenses: SHARE OF LOSS-AFFILIATE
total $724,969 · program services $724,969
-
24b · Other expenses: MISCELLANEOUS EXPENSES
total $128,049 · program services $72,334 · management and general $55,715
-
24c · Other expenses: STAFF DEVELOPMENT
total $101,116 · program services $3,891 · management and general $97,225
-
24d · Other expenses: CREDIT LOSS PROVISION
total $95,403 · program services $95,403
-
24e · All other expenses
total $80,271 · program services $60,845 · management and general $17,227 · fundraising $2,199
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $1,988,341 · end of year $2,085,401
-
2 · Savings and temporary cash investments
beginning of year $10,337,684 · end of year $20,128,430
-
3 · Pledges and grants receivable
beginning of year $659,197 · end of year $659,197
-
4 · Accounts receivable
beginning of year $1,201,091 · end of year $728,048
-
9 · Prepaid expenses and deferred charges
beginning of year $237,513 · end of year $324,432
-
10a · Land, buildings and equipment: cost or other basis
$703,941
-
10b · Land, buildings and equipment: accumulated depreciation
$672,480
-
10c · Land, buildings and equipment, net
beginning of year $45,104 · end of year $31,461
-
13 · Investments: program-related
beginning of year $16,630,335 · end of year $20,616,771
-
15 · Other assets
beginning of year $6,663,050 · end of year $4,335,174
-
17 · Accounts payable and accrued expenses
beginning of year $1,038,201 · end of year $2,701,685
-
19 · Deferred revenue
beginning of year $178,670 · end of year $148,670
-
24 · Unsecured notes and loans payable
beginning of year $19,272,727 · end of year $22,272,727
-
25 · Other liabilities
beginning of year $5,498,826 · end of year $4,154,841
-
27 · Net assets without donor restrictions
beginning of year $9,165,318 · end of year $15,690,316
-
28 · Net assets with donor restrictions
beginning of year $2,608,573 · end of year $3,940,675
Mission and programs · 2023
Mission
THROUGH PRACTITIONER-DRIVEN PEER EXCHANGE, POLICY AND INNOVATION, THE HOUSING PARTNERSHIP NETWORK'S MISSION IS TO LEVERAGE THE INDIVIDUAL STRENGTHS AND MOBILIZE THE COLLECTIVE POWER OF OUR MEMBER ORGANIZATIONS. OUR VISION IS THAT ALL PEOPLE LIVE IN VIBRANT AND INCLUSIVE COMMUNITIES WHERE ACCESS TO AFFORDABLE HOMES CREATES OPPORTUNITY AND ECONOMIC MOBILITY.
-
TO SUPPORT AND ADVOCATE COMMUNITY BASED EFFORTS FOR THE EXPANSION OF AFFORDABLE HOUSING OPPORTUNITIES AND THE REVITALIZATION OF COMMUNITIES.
Expenses $13,819,629 · Grants $1,671,425 · Revenue $5,995,477
As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here.
Listed in Part VII
-
Robin HughesROBIN HUGHES
PRESIDENT AND CEO
- Total calculated
- $528,323
- From this org
- $483,404
- From related orgs
- $0
- Other
- $44,919
- Hours/week
- 40 + 1 related
Schedule J breakdown matched by us
- Base
- $483,404
- Bonus
- $0
- Other
- $0
- Deferred
- $22,892
- Nontaxable benefits
- $22,027
- Filer's total
- $528,323
-
Charles WehrweinCHARLES WEHRWEIN
CHIEF OPERATING OFFICER
- Total calculated
- $389,906
- From this org
- $332,308
- From related orgs
- $0
- Other
- $57,598
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $332,308
- Bonus
- $0
- Other
- $0
- Deferred
- $26,400
- Nontaxable benefits
- $31,198
- Filer's total
- $389,906
-
Lisa AlberghiniLISA ALBERGHINI
CLERK & EVP, PEER EXCHANGE
- Total calculated
- $374,028
- From this org
- $327,106
- From related orgs
- $0
- Other
- $46,922
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $327,106
- Bonus
- $0
- Other
- $0
- Deferred
- $25,355
- Nontaxable benefits
- $21,567
- Filer's total
- $374,028
-
Eric ChatmanERIC CHATMAN
CHIEF FINANCIAL OFFICER
- Total calculated
- $365,006
- From this org
- $308,567
- From related orgs
- $0
- Other
- $56,439
- Hours/week
- 40 + 2 related
Schedule J breakdown matched by us
- Base
- $308,567
- Bonus
- $0
- Other
- $0
- Deferred
- $24,281
- Nontaxable benefits
- $32,158
- Filer's total
- $365,006
-
Kim DempseyKIM DEMPSEY
EVP, CAPITAL MARKETS
- Total calculated
- $320,568
- From this org
- $280,781
- From related orgs
- $0
- Other
- $39,787
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $280,781
- Bonus
- $0
- Other
- $0
- Deferred
- $21,787
- Nontaxable benefits
- $18,000
- Filer's total
- $320,568
-
Paul DowningPAUL DOWNING
VP OF OPS AND INFO SYSTEMS
- Total calculated
- $287,734
- From this org
- $223,817
- From related orgs
- $0
- Other
- $63,917
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $223,817
- Bonus
- $0
- Other
- $0
- Deferred
- $17,864
- Nontaxable benefits
- $46,053
- Filer's total
- $287,734
-
Catherine RodriguezCATHERINE RODRIGUEZ
VP OF LENDING & INVESTMENT
- Total calculated
- $284,622
- From this org
- $234,071
- From related orgs
- $0
- Other
- $50,551
- Hours/week
- 40 + 2 related
Schedule J breakdown matched by us
- Base
- $232,471
- Bonus
- $1,600
- Other
- $0
- Deferred
- $18,685
- Nontaxable benefits
- $31,866
- Filer's total
- $284,622
-
Brendan DolanBRENDAN DOLAN
PRESIDENT, HPIEX
- Total calculated
- $282,081
- From this org
- $225,009
- From related orgs
- $0
- Other
- $57,072
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $225,009
- Bonus
- $0
- Other
- $0
- Deferred
- $17,960
- Nontaxable benefits
- $39,112
- Filer's total
- $282,081
-
Shannon RossSHANNON ROSS
VP OF POLICY
- Total calculated
- $238,914
- From this org
- $210,923
- From related orgs
- $0
- Other
- $27,991
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $208,023
- Bonus
- $2,900
- Other
- $0
- Deferred
- $16,874
- Nontaxable benefits
- $11,117
- Filer's total
- $238,914
-
Meaghan McCarthyMEAGHAN MCCARTHY
VP, AFFORDABLE HOUSING & CONSUMER EMPOWERMENT
- Total calculated
- $235,844
- From this org
- $203,756
- From related orgs
- $0
- Other
- $32,088
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $195,856
- Bonus
- $7,900
- Other
- $0
- Deferred
- $16,260
- Nontaxable benefits
- $15,828
- Filer's total
- $235,844
-
Deirdre SchmidtDEIRDRE SCHMIDT
CHAIRWOMAN
- Total calculated
- $0
- Hours/week
- 1
-
Ismael GuerreroISMAEL GUERRERO
VICE CHAIRMAN
- Total calculated
- $0
- Hours/week
- 1 + 1 related
-
Ellis CarrELLIS CARR
TREASURER
- Total calculated
- $0
- Hours/week
- 1
-
Chris PersonsCHRIS PERSONS
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Kathy LabordeKATHY LABORDE
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1 + 1 related
-
Lawrence SwansonLAWRENCE SWANSON
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Matt FranklinMATT FRANKLIN
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Patricia BeldenPATRICIA BELDEN
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1 + 1 related
-
Linda MandoliniLINDA MANDOLINI
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Kevin NowakKEVIN NOWAK
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1 + 1 related
-
Greta HarrisGRETA HARRIS
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Priya JayachandranPRIYA JAYACHANDRAN
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Nick Mitchell-BennettNICK MITCHELL-BENNETT
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1 + 2 related
-
Susan FriedlandSUSAN FRIEDLAND
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Julie PorterJULIE PORTER
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Carmen RomeroCARMEN ROMERO
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Sean SpearSEAN SPEAR
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Nancy Wagner-HislipNANCY WAGNER-HISLIP
DIRECTOR (UNTIL 8/2023)
- Total calculated
- $0
- Hours/week
- 1 + 2 related
Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.
Schedule J
Answered yes
- 3 · Independent compensation consultant
- 3 · Compensation survey or study
- 3 · Approval by the board or compensation committee
Answered no
- 4a · Severance or change-of-control payment
- 4b · Supplemental nonqualified retirement plan
- 4c · Equity-based compensation arrangement
- 5a · Pay contingent on this organization's revenues
- 5b · Pay contingent on a related organization's revenues
- 6a · Pay contingent on this organization's net earnings
- 6b · Pay contingent on a related organization's net earnings
- 7 · Other non-fixed payments
- 8 · Paid under the initial-contract exception
Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.
Grants on this return
-
MISSION FIRST HOUSING GROUP INC
$150,000
WELLS FARGO ADAPTIVE REUSE
-
HOUSING COUNSELING PROGRAM & ADMINISTRATION
-
WELLS FARGO ADAPTIVE REUSE
-
HOUSING COUNSELING PROGRAM & ADMINISTRATION
-
$100,000
WELLS FARGO ADAPTIVE REUSE
-
$76,855
HOUSING COUNSELING PROGRAM & ADMINISTRATION
-
HOUSING COUNSELING PROGRAM & ADMINISTRATION
-
$70,701
HOUSING COUNSELING PROGRAM & ADMINISTRATION
-
HOUSING COUNSELING PROGRAM & ADMINISTRATION
-
$60,901
HOUSING COUNSELING PROGRAM & ADMINISTRATION
The 10 largest by cash amount. The API serves every itemized grant.
Related organizations on this return
Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.
-
THE HOUSING PARTNERSHIP FUND INC
501(C)(3) · FINANCING & LENDING · MA · controlled entity
Directly controlled by HOUSING PARTNERSHIP NETWORK
-
THE HOUSING PARTNERSHIP VENTURES INC
501(C)(3) · LOAN & OTHER FUNDING ALTERNATIVES · MA · controlled entity
Directly controlled by HOUSING PARTNERSHIP NETWORK
Taxable family on this return
Schedule R Parts I, III and IV, as filed. These record ownership and control, not shared board members or money moved.
Related partnerships
Part III: related organizations taxable as a partnership, with the filer's share.
-
FRAMEWORK HOMEOWNERSHIP LLC
RELATED · ONLINE HOMEOWNERSHIP COUNSELING AND EDUCATION · DE · 99.99% owned · share of income $3,689,953 · share of assets $3,850,175 · general or managing partner
Directly controlled by THE HOUSING PARTNERSHIP NETWORK INC
-
HPN NMTC I LLC
RELATED · PROVIDE INVESTMENT CAPITAL IN LOW-INCOME COMMUNITIES · DE · 0.01% owned · share of income $11 · share of assets $1,466 · general or managing partner
Directly controlled by THE HOUSING PARTNERSHIP NETWORK INC
-
HPN NMTC II LLC
RELATED · PROVIDE INVESTMENT CAPITAL IN LOW-INCOME COMMUNITIES · DE · 0.01% owned · share of income $11 · share of assets $1,467 · general or managing partner
Directly controlled by THE HOUSING PARTNERSHIP NETWORK INC
-
HPN NMTC III LLC
RELATED · PROVIDE INVESTMENT CAPITAL IN LOW-INCOME COMMUNITIES · DE · 0.01% owned · share of income $8 · share of assets $980 · general or managing partner
Directly controlled by THE HOUSING PARTNERSHIP NETWORK INC
-
HPN NMTC IV LLC
RELATED · PROVIDE INVESTMENT CAPITAL IN LOW-INCOME COMMUNITIES · DE · 0.01% owned · share of income $22 · share of assets $2,946 · general or managing partner
Directly controlled by THE HOUSING PARTNERSHIP NETWORK INC
-
HPN NMTC V LLC
RELATED · PROVIDE INVESTMENT CAPITAL IN LOW-INCOME COMMUNITIES · DE · 0.01% owned · share of income $11 · share of assets $1,287 · general or managing partner
Directly controlled by THE HOUSING PARTNERSHIP NETWORK INC
-
HPN NMTC VI LLC
RELATED · PROVIDE INVESTMENT CAPITAL IN LOW-INCOME COMMUNITIES · DE · 0.01% owned · share of income $8 · share of assets $891 · general or managing partner
Directly controlled by THE HOUSING PARTNERSHIP NETWORK INC
-
HPN NMTC VII LLC
RELATED · PROVIDE INVESTMENT CAPITAL IN LOW-INCOME COMMUNITIES · DE · 0.01% owned · share of income $21 · share of assets $2,777 · general or managing partner
Directly controlled by THE HOUSING PARTNERSHIP NETWORK INC
-
HPN NMTC VIII LLC
RELATED · PROVIDE INVESTMENT CAPITAL IN LOW-INCOME COMMUNITIES · DE · 0.01% owned · share of income $11 · share of assets $2,395 · general or managing partner
Directly controlled by THE HOUSING PARTNERSHIP NETWORK INC
-
HPN NMTC IX LLC
RELATED · PROVIDE INVESTMENT CAPITAL IN LOW-INCOME COMMUNITIES · DE · 0.01% owned · share of income $1 · share of assets $2,099 · general or managing partner
Directly controlled by THE HOUSING PARTNERSHIP NETWORK INC
Related corporations and trusts
Part IV: related organizations taxable as a corporation or trust.
-
HPNP LLC
C · GROUP BUYING COOPERATIVE · MA · 36.67% owned · share of income $137,513 · share of assets $211,453
Directly controlled by THE HOUSING PARTNERSHIP VENTURES INC
Provenance
- Return type
- form_990
- Tax year
- 2023
- Filed
- 25 July 2024
- IRS schema version
- 2023v5.1
- Source object
- 202422079349300422
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