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Nonprofiteer
← BEACON INTERFAITH HOUSING COLLABORATIVE

Form 990 for tax year 2022

Filed by BEACON INTERFAITH HOUSING COLLABORATIVE.

Totals

Total revenue
$11,824,868
Total expenses
$12,454,432
Contributions and grants received
$7,686,337
Grants paid
$0
Program service revenue
$4,065,339
Investment income
$73,192
Other revenue
$0
Total assets, end of year
$45,599,244
Total liabilities, end of year
$33,199,902
Net assets or fund balances, end of year
$12,399,342
Program services expenses (Part IX)
$9,060,490
Management and general expenses
$1,371,793
Fundraising expenses
$2,022,149
Program service expenses (Part III)
$9,060,490

Program services were 72.7% 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.

  • 1e · Government grants (contributions)

    $2,496,074

  • 1f · All other contributions, gifts and grants

    $5,190,263

  • 1g · Noncash contributions included above

    $115,329

  • 2a · Program service revenue: RENTAL INCOME

    total $2,369,617 · related or exempt $2,369,617

  • 2b · Program service revenue: DEVELOPER & OTHER SERVICE FEES

    total $1,170,313 · related or exempt $1,170,313

  • 2c · Program service revenue: SHELTER FEES

    total $260,333 · related or exempt $260,333

  • 2d · Program service revenue: MISCELLANEOUS

    total $135,610 · related or exempt $135,610

  • 2e · Program service revenue: ASSET MANAGEMENT FEE

    total $129,466 · related or exempt $129,466

  • 3 · Investment income

    total $73,192 · excluded $73,192

Functional expenses

Part IX, the statement of functional expenses.

  • 5 · Compensation of officers, directors and key employees

    total $821,743 · program services $372,402 · management and general $449,341

  • 7 · Other salaries and wages

    total $3,651,564 · program services $2,371,415 · management and general $461,563 · fundraising $818,586

  • 8 · Pension plan contributions

    total $116,705 · program services $66,068 · management and general $18,513 · fundraising $32,124

  • 9 · Other employee benefits

    total $275,602 · program services $156,700 · management and general $46,150 · fundraising $72,752

  • 10 · Payroll taxes

    total $303,108 · program services $176,811 · management and general $65,354 · fundraising $60,943

  • 11a · Fees: management

    total $169,087 · program services $169,087

  • 11b · Fees: legal

    total $32,119 · program services $25,877 · management and general $6,242

  • 11c · Fees: accounting

    total $195,980 · program services $68,545 · management and general $127,435

  • 11g · Fees: other

    total $281,530 · program services $167,033 · management and general $73,916 · fundraising $40,581

  • 13 · Office expenses

    total $272,509 · program services $143,447 · management and general $66,266 · fundraising $62,796

  • 16 · Occupancy

    total $191,704 · program services $118,077 · management and general $37,817 · fundraising $35,810

  • 19 · Conferences, conventions and meetings

    total $77,508 · program services $16,064 · management and general $1,760 · fundraising $59,684

  • 20 · Interest

    total $67,298 · program services $67,298

  • 22 · Depreciation, depletion and amortization

    total $691,960 · program services $685,849 · management and general $3,139 · fundraising $2,972

  • 23 · Insurance

    total $129,521 · program services $129,521

  • 24a · Other expenses: RESIDENT SERVICES

    total $1,697,956 · program services $1,697,956

  • 24b · Other expenses: OPERATING/MAINTENANCE

    total $1,528,500 · program services $1,528,500

  • 24c · Other expenses: CHANGE IN ALLOWANCE FOR

    total $824,898 · fundraising $824,898

  • 24d · Other expenses: UTILITIES - RENTAL

    total $415,686 · program services $415,686

  • 24e · All other expenses

    total $709,454 · program services $684,154 · management and general $14,297 · fundraising $11,003

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $822,662 · end of year $864,496

  • 2 · Savings and temporary cash investments

    beginning of year $7,569,472 · end of year $5,407,279

  • 3 · Pledges and grants receivable

    beginning of year $2,285,689 · end of year $1,573,796

  • 4 · Accounts receivable

    beginning of year $264,482 · end of year $514,997

  • 7 · Other notes and loans receivable

    beginning of year $4,367,237 · end of year $6,848,178

  • 9 · Prepaid expenses and deferred charges

    beginning of year $243,473 · end of year $231,218

  • 10a · Land, buildings and equipment: cost or other basis

    $35,169,082

  • 10b · Land, buildings and equipment: accumulated depreciation

    $9,645,110

  • 10c · Land, buildings and equipment, net

    beginning of year $19,807,644 · end of year $25,523,972

  • 13 · Investments: program-related

    beginning of year $2,593,933 · end of year $3,250,700

  • 14 · Intangible assets

    beginning of year $13,192 · end of year $9,417

  • 15 · Other assets

    beginning of year $883,190 · end of year $1,375,191

  • 17 · Accounts payable and accrued expenses

    beginning of year $2,125,449 · end of year $2,184,123

  • 19 · Deferred revenue

    beginning of year $6,379,166 · end of year $7,993,619

  • 23 · Secured mortgages and notes payable

    beginning of year $17,210,825 · end of year $21,170,720

  • 25 · Other liabilities

    beginning of year $0 · end of year $1,851,440

  • 27 · Net assets without donor restrictions

    beginning of year $9,639,407 · end of year $9,739,295

  • 28 · Net assets with donor restrictions

    beginning of year $3,496,127 · end of year $2,660,047

Mission and programs · 2022

Mission

AS A COLLABORATIVE OF CONGREGATIONS UNITED IN ACTION WE CREATE HOMES AND ADVANCE EQUITABLE HOUSING.

  • HOUSING OPERATION: BEACON OFFERS A RANGE OF HOUSING AND SERVICES TO MEET THE NEEDS OF VULNERABLE MEMBERS OF OUR COMMUNITY. WE OPERATE OVER 600 QUALITY, AFFORDABLE HOMES FOR MORE THAN 1000 PEOPLE ACROSS THE TWIN CITIES METRO AREA. THE SIGNIFICANT MAJORITY OF OUR HOUSING SERVICES HOUSEHOLDS EARNING LESS THAN 30 PERCENT OF THE COMMUNITY'S AREA MEDIAN INCOME (AMI). SUPPORTIVE HOUSING SERVICES ARE PROVIDED TO OVER 400 HOUSEHOLDS IN BEACON HOUSING TO HELP YOUTH, SINGLE ADULTS, FAMILIES AND SENIORS SUCCESSFULLY EXIT OR AVOID HOMELESSNESS. 83 PERCENT OF FORMERLY HOMELESS RESIDENTS MAINTAINED STABLE HOUSING FOR AT LEAST ONE YEAR.

    Expenses $6,958,845 · Revenue $2,634,693

  • HOUSING DEVELOPMENT: BEACON IS AMONG THE LEADING DEVELOPERS OF DEEPLY AFFORDABLE, SUPPORTIVE HOUSING IN THE TWIN CITIES METRO AREA. BEACON'S UNIQUE COLLABORATIVE MODEL ACTIVATES THE ENERGY, RESOURCES AND LEADERSHIP OF CONGREGATIONS TO CREATE HOUSING. WE LEVERAGE PRIVATE CONTRIBUTIONS TO SECURE ADDITIONAL PUBLIC FUNDING AND CAPITAL COMMITMENTS AND HAVE DEVELOPED OVER 700 HOMES AT 21 PROPERTIES TO DATE. BEACON HAS OVER 300 HOMES IN VARIOUS STAGES OF DEVELOPMENT AT SIX LOCATIONS ACROSS THE TWIN CITIES METRO.

    Expenses $1,029,345 · Revenue $1,170,313

  • POLICY: WHEN ALL PEOPLE HAVE ACCESS TO STABLE HOUSING, OUR COMMUNITIES ARE STRONGER AND HEALTHIER. OUR COLLECTIVE ACTION AND INVESTMENT THROUGH OUR PUBLIC POLICY SHOULD WORK TOWARD ENSURING ALL PEOPLE HAVE A HOME.

    Expenses $625,419

  • SHELTER PROGRAMS: THROUGH A VOLUNTEER-DRIVEN, COMMUNITY-BASED PROGRAM, BEACON AND ITS COLLABORATIVE OF CONGREGATIONS PROVIDES FAMILIES EMERGENCY SHELTER, SUPPORTIVE SERVICES, AND HOUSING SUPPORT. CARE AND SUPPORT IS INDIVIDUALIZED TO A FAMILY'S LEVEL OF NEED.

    Expenses $446,881 · Revenue $260,333

As filed on the 2022 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • CHARLIE FLYNN

    CHAIR

    Total calculated
    $0
    Hours/week
    1

  • LINDA SANDVIG

    VICE CHAIR

    Total calculated
    $0
    Hours/week
    1

  • REVEREND MICHAEL GONZALES

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • MARK BAYLEY

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • STEVE BERGLUND

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • NANCY BURNS

    SECRECTARY

    Total calculated
    $0
    Hours/week
    1

  • DAYMOND DEAN

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • JAMES GERTMENIAN

    EX-OFFICIO DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • LAURA HELMER

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • GEORGIA THOMPSON

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • TOM ROCK

    TREASURER

    Total calculated
    $0
    Hours/week
    1

  • SADIA TARANNUM

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • TJ TICEY

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • DEQA ESSA

    CFO/VP OF FINANCE AND ADMINISTRATION

    Total calculated
    $85,729
    From this org
    $71,693
    From related orgs
    $0
    Other
    $14,036
    Hours/week
    40

  • LEE BLONS

    EXECUTIVE DIRECTOR

    Total calculated
    $223,833
    From this org
    $203,460
    From related orgs
    $0
    Other
    $20,373
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $203,460
    Bonus
    $0
    Other
    $0
    Deferred
    $8,138
    Nontaxable benefits
    $12,235
    Filer's total
    $223,833

  • KEVIN WALKER

    VP OF HOUSING AND SHELTER

    Total calculated
    $166,729
    From this org
    $159,408
    From related orgs
    $0
    Other
    $7,321
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $159,408
    Bonus
    $0
    Other
    $0
    Deferred
    $6,251
    Nontaxable benefits
    $1,070
    Filer's total
    $166,729

  • BEN HELVICK

    VP OF POLICY AND ORGANIZING

    Total calculated
    $112,016
    From this org
    $107,033
    From related orgs
    $0
    Other
    $4,983
    Hours/week
    40

  • KIRSTEN SPRECK

    DIRECTOR OF HOUSING DEVELOPMENT

    Total calculated
    $148,956
    From this org
    $122,512
    From related orgs
    $0
    Other
    $26,444
    Hours/week
    40

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 · 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

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.

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.

Disregarded entities

Part I: entities that legally are the filer and file no return of their own.

Related partnerships

Part III: related organizations taxable as a partnership, with the filer's share.

Related corporations and trusts

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

Provenance

Return type
form_990
Tax year
2022
Filed
21 December 2023
IRS schema version
2022v5.0
Source object
202333569349300003

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