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← HOUSING FIRST NETWORK

Form 990 for tax year 2022

Filed by HOUSING FIRST NETWORK.

Totals

Total revenue
$610,188
Total expenses
$794,975
Contributions and grants received
$10,000
Grants paid
$360,000
Program service revenue
$599,361
Investment income
$827
Other revenue
$0
Total assets, end of year
$1,039,535
Total liabilities, end of year
$253,759
Net assets or fund balances, end of year
$785,776
Program services expenses (Part IX)
$621,811
Management and general expenses
$173,164
Fundraising expenses
$0
Program service expenses (Part III)
$621,811

Program services were 78.2% 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.

  • 1d · Related organizations

    $10,000

  • 2a · Program service revenue: MEMBERSHIP DUES

    total $599,361 · related or exempt $599,361

  • 3 · Investment income

    total $827 · excluded $827

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $360,000 · program services $360,000

  • 11a · Fees: management

    total $160,008 · management and general $160,008

  • 11b · Fees: legal

    total $2,206 · management and general $2,206

  • 11g · Fees: other

    total $82,811 · program services $82,811

  • 12 · Advertising and promotion

    total $3,402 · management and general $3,402

  • 13 · Office expenses

    total $48 · management and general $48

  • 24a · Other expenses: POLITICAL CONTRIBUTIONS

    total $179,000 · program services $179,000

  • 24b · 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 $1,129,704 · end of year $960,828

  • 4 · Accounts receivable

    beginning of year $48,006 · end of year $70,582

  • 9 · Prepaid expenses and deferred charges

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

  • 17 · Accounts payable and accrued expenses

    beginning of year $23

  • 19 · Deferred revenue

    beginning of year $207,749 · end of year $253,759

  • 27 · Net assets without donor restrictions

    beginning of year $970,563 · end of year $785,776

Mission and programs · 2022

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 $621,811 · Grants $360,000 · Revenue $599,361

As filed on the 2022 return.

Listed in Part VII

  • James Julkowski

    PRESIDENT

    Total calculated
    $0
    Hours/week
    0.5 + 2.5 related

  • John Quinlivan

    BUILDER VICE-PRESIDENT

    Total calculated
    $0
    Hours/week
    0.5 + 2.5 related

  • Sunny Bowman

    ASSOCIATE VICE-PRESIDENT

    Total calculated
    $0
    Hours/week
    0.5 + 2.5 related

  • Art Pratt

    TREASURER

    Total calculated
    $0
    Hours/week
    0.5 + 2.5 related

  • Dale Loeffler

    SECRETARY

    Total calculated
    $0
    Hours/week
    0.5 + 2.5 related

  • Todd Polifka

    IMMEDICATE PAST PRESIDENT

    Total calculated
    $0
    Hours/week
    0.5 + 2.5 related

  • Ryan Rutzick

    PAST ASSOC. VICE PRESIDENT

    Total calculated
    $0
    Hours/week
    0.5 + 2.5 related

  • David Siegel

    FORMER EXECUTIVE DIRECTOR

    Total calculated
    $348,254
    From this org
    $0
    From related orgs
    $335,203
    Other
    $13,051
    Hours/week
    0.5 + 43 related

    Schedule J breakdown matched by us

    Base
    $0 + $109,376 related
    Bonus
    $0 + $15,000 related
    Other
    $0 + $210,827 related
    Deferred
    $0 + $6,084 related
    Nontaxable benefits
    $0 + $6,967 related
    Filer's total
    $0 + $348,254 related

  • James Vagle

    CHIEF EXECUTIVE OFFICER

    Total calculated
    $275,944
    From this org
    $0
    From related orgs
    $254,677
    Other
    $21,267
    Hours/week
    0.5 + 43 related

    Schedule J breakdown matched by us

    Base
    $0 + $226,677 related
    Bonus
    $0 + $28,000 related
    Other
    $0
    Deferred
    $0 + $12,546 related
    Nontaxable benefits
    $0 + $8,721 related
    Filer's total
    $0 + $275,944 related

  • Janice Meyer

    CHIEF OPERATING OFFICER

    Total calculated
    $189,583
    From this org
    $0
    From related orgs
    $167,429
    Other
    $22,154
    Hours/week
    0.5 + 43 related

    Schedule J breakdown matched by us

    Base
    $0 + $154,429 related
    Bonus
    $0 + $13,000 related
    Other
    $0
    Deferred
    $0 + $8,371 related
    Nontaxable benefits
    $0 + $13,783 related
    Filer's total
    $0 + $189,583 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

  • 4a · Severance or change-of-control payment

Answered no

  • 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 EXECUTIVE DIRECTOR. THE RELATED ORGANIZATION USED THE FOLLOWING TO ESTABLISH THE COMPENSATION: COMPENSATION COMMITTEE AND APPROVAL BY THE BOARD OR COMPENSATION COMMITTEE.
PART I, LINE 4A
DAVID SIEGEL, FORMER EXECUTIVE DIRECTOR, RECEIVED A SEVERANCE AGREEMENT IN THE CURRENT YEAR OF $210,827 FROM BUILDERS ASSOCIATION OF THE TWIN CITIES.

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

  • ADVANCE MINNESOTA

    $250,000

    PROMOTES PROSPERITY FOR MINNESOTANS THROUGH GRASSROOTS ADVOCACY & EDUCATION

  • MN JOBS COALITION

    $110,000

    DEDICATED TO POLICIES FOR JOB CREATION & BETTER ECONOMIC FUTURE FOR MINNESOTANS.

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

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 income $35,040 · share of assets $4,689

    Directly controlled by BUILDERS ASSOCIATION OF THE TWIN CITIES

Provenance

Return type
form_990
Tax year
2022
Filed
10 November 2023
IRS schema version
2022v5.0
Source object
202333189349307143

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