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← HOUSING FIRST NETWORK

Form 990 for tax year 2023

Filed by HOUSING FIRST NETWORK.

Totals

Total revenue
$643,172
Total expenses
$365,004
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$627,728
Investment income
$15,444
Other revenue
$0
Total assets, end of year
$1,324,488
Total liabilities, end of year
$259,031
Net assets or fund balances, end of year
$1,065,457
Program services expenses (Part IX)
$107,500
Management and general expenses
$257,504
Fundraising expenses
$0
Program service expenses (Part III)
$107,500

Program services were 29.5% 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.

  • 2a · Program service revenue: MEMBERSHIP DUES

    total $627,728 · related or exempt $627,728

  • 3 · Investment income

    total $15,444 · excluded $15,444

Functional expenses

Part IX, the statement of functional expenses.

  • 11a · Fees: management

    total $250,004 · management and general $250,004

  • 11g · Fees: other

    total $107,500 · program services $107,500

  • 24a · Other expenses: DUES & SUBSCRIPTIONS

    total $7,500 · management and general $7,500

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $960,828 · end of year $728,047

  • 4 · Accounts receivable

    beginning of year $70,582 · end of year $80,995

  • 9 · Prepaid expenses and deferred charges

    beginning of year $8,125 · end of year $625

  • 11 · Investments: publicly traded securities

    end of year $514,821

  • 17 · Accounts payable and accrued expenses

    end of year $3,000

  • 19 · Deferred revenue

    beginning of year $253,759 · end of year $256,031

  • 27 · Net assets without donor restrictions

    beginning of year $785,776 · end of year $1,065,457

Mission and programs · 2023

Mission

THE HOUSING FIRST NETWORK ADVANCES THE MESSAGE OF HOUSING AFFORDABILITY, SMART REGULATIONS AND PROTECTION OF THE AMERICAN DREAM OF HOME OWNERSHIP FOR ALL.

Activities or mission (Part I)

HOUSING FIRST NETWORK STRIVES TO ADVANCE THE MESSAGE OF HOUSING AFFORDABILITY, SMART REGULATIONS AND PROTECTION OF THE AMERICAN DREAM.

  • TO ADVANCE THE MESSAGE OF HOUSING AFFORDABILITY, SMART REGULATIONS AND PROTECTION OF THE AMERICAN DREAM OF HOME OWNERSHIP FOR ALL.

    Expenses $107,500 · Revenue $627,728

As filed on the 2023 return.

Listed in Part VII

  • James Julkowski

    IMMEDIATE PAST PRESIDENT

    Total calculated
    $0
    Hours/week
    0.5 + 3 related

  • John Quinlivan

    PRESIDENT

    Total calculated
    $0
    Hours/week
    0.5 + 3 related

  • Sunny Bowman

    PAST ASSOCIATE VICE PRESIDENT

    Total calculated
    $0
    Hours/week
    0.5 + 3 related

  • Art Pratt

    BUILDER VICE-PRESIDENT

    Total calculated
    $0
    Hours/week
    0.5 + 3 related

  • Dale Loeffler

    ASSOCIATE VICE PRESIDENT

    Total calculated
    $0
    Hours/week
    0.5 + 3 related

  • Peter Martin

    SECRETARY

    Total calculated
    $0
    Hours/week
    0.5 + 3 related

  • Tim Fohr

    TREASURER

    Total calculated
    $0
    Hours/week
    0.5 + 3 related

  • James Vagle

    CHIEF EXECUTIVE OFFICER

    Total calculated
    $346,206
    From this org
    $0
    From related orgs
    $321,200
    Other
    $25,006
    Hours/week
    0.5 + 42 related

    Schedule J breakdown matched by us

    Base
    $0 + $293,200 related
    Bonus
    $0 + $28,000 related
    Other
    $0
    Deferred
    $0 + $15,700 related
    Nontaxable benefits
    $0 + $9,306 related
    Filer's total
    $0 + $346,206 related

  • Janice Meyer

    CHIEF OPERATING OFFICER

    Total calculated
    $221,777
    From this org
    $0
    From related orgs
    $197,500
    Other
    $24,277
    Hours/week
    0.5 + 42 related

    Schedule J breakdown matched by us

    Base
    $0 + $178,500 related
    Bonus
    $0 + $19,000 related
    Other
    $0
    Deferred
    $0 + $9,875 related
    Nontaxable benefits
    $0 + $14,402 related
    Filer's total
    $0 + $221,777 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

None.

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

The filer's explanations (Part III)

PART I, LINE 3
THE NETWORK RELIED ON A RELATED ORGANIZATION TO DETERMINE THE COMPENSATION FOR THE CHIEF EXECUTIVE OFFICER. THE RELATED ORGANIZATION USED THE FOLLOWING TO ESTABLISH THE COMPENSATION: COMPENSATION COMMITTEE AND APPROVAL BY THE BOARD OR COMPENSATION COMMITTEE.

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

No itemized grants to organizations on this return.

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.

  • BUILDERS ASSOCIATION OF THE TWIN CITIES

    501(C)(6) · HELPING OUR MEMBERS BUILD THEIR BUSINESSES THROUGH MARKETING, ADVOCACY AND I · MN

  • BATC FOUNDATION

    501(C)(3) · AFFORDABLE HOUSING · MN · controlled entity

    Directly controlled by BUILDERS ASSOCIATION OF THE TWIN CITIES

  • HOUSING FIRST FUND

    527 · INDEPENDENT EXPENDITURES · MN · controlled entity

    Directly controlled by HOUSING FIRST NETWORK

  • HOUSING AFFORDABILITY INSTITUTE

    501(C)(3) · EDUCATION AND RESEARCH · MN · controlled entity

    Directly controlled by BUILDERS ASSOCIATION OF THE TWIN CITIES

  • CENTER FOR HOUSING CAREERS

    501(C)(3) · WORKFORCE PROGRAM · MN · controlled entity

    Directly controlled by BUILDERS ASSOCIATION OF THE TWIN CITIES

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 corporations and trusts

Part IV: related organizations taxable as a corporation or trust.

  • ARTISAN HOME TOURS LLC

    C · HOME TOURS · DE · 100% owned · share of assets $202

    Directly controlled by BUILDERS ASSOCIATION OF THE TWIN CITIES

Provenance

Return type
form_990
Tax year
2023
Filed
13 November 2024
IRS schema version
2023v5.1
Source object
202443189349304164

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