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Nonprofiteer
← HOUSING LINK

Form 990 for tax year 2022

Filed by HOUSING LINK.

Totals

Total revenue
$886,762
Total expenses
$1,253,708
Contributions and grants received
$733,538
Grants paid
$0
Program service revenue
$152,398
Investment income
$794
Other revenue
$32
Total assets, end of year
$1,130,229
Total liabilities, end of year
$149,508
Net assets or fund balances, end of year
$980,721
Program services expenses (Part IX)
$1,031,021
Management and general expenses
$176,255
Fundraising expenses
$46,432
Program service expenses (Part III)
$1,031,021

Program services were 82.2% 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.

  • 1e · Government grants (contributions)

    $300,952

  • 1f · All other contributions, gifts and grants

    $432,586

  • 2a · Program service revenue: HOUSING AND HUMAN SERV

    total $143,004 · related or exempt $143,004

  • 2b · Program service revenue: TWIN CITIES RENTAL REV

    total $9,394 · related or exempt $5,466 · unrelated business $3,928

  • 3 · Investment income

    total $794 · excluded $794

  • 11a · Other revenue: MISCELLANEOUS INCOME

    total $32 · related or exempt $32

  • 11e · Other revenue, total

    $32

Functional expenses

Part IX, the statement of functional expenses.

  • 11c · Fees: accounting

    total $27,760 · program services $23,102 · management and general $3,944 · fundraising $714

  • 11g · Fees: other

    total $1,108,530 · program services $915,320 · management and general $153,452 · fundraising $39,758

  • 12 · Advertising and promotion

    total $4,323 · program services $2,199 · fundraising $2,124

  • 13 · Office expenses

    total $24,364 · program services $20,280 · management and general $1,878 · fundraising $2,206

  • 14 · Information technology

    total $12,023 · program services $11,126 · management and general $435 · fundraising $462

  • 16 · Occupancy

    total $24,559 · program services $20,131 · management and general $3,793 · fundraising $635

  • 17 · Travel

    total $2,378 · program services $1,739 · management and general $376 · fundraising $263

  • 19 · Conferences, conventions and meetings

    total $2,593 · program services $490 · management and general $1,979 · fundraising $124

  • 23 · Insurance

    total $5,166 · program services $4,294 · management and general $740 · fundraising $132

  • 24a · Other expenses: EDUCATION AND TRAINING

    total $21,186 · program services $19,295 · management and general $1,891

  • 24b · Other expenses: DUES AND SUBSCRIPTIONS

    total $7,811 · program services $4,795 · management and general $3,002 · fundraising $14

  • 24c · Other expenses: BAD DEBT

    total $7,526 · program services $7,526

  • 24d · Other expenses: MISCELLANEOUS

    total $5,489 · program services $724 · management and general $4,765

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $697,680 · end of year $420,444

  • 3 · Pledges and grants receivable

    beginning of year $125,000 · end of year $125,000

  • 4 · Accounts receivable

    beginning of year $142,240 · end of year $17,398

  • 9 · Prepaid expenses and deferred charges

    beginning of year $3,778 · end of year $10,415

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

    $49,438

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

    $49,438

  • 10c · Land, buildings and equipment, net

    beginning of year $0 · end of year $0

  • 14 · Intangible assets

    beginning of year $487,184 · end of year $487,184

  • 15 · Other assets

    beginning of year $0 · end of year $69,788

  • 17 · Accounts payable and accrued expenses

    beginning of year $103,525 · end of year $145,170

  • 19 · Deferred revenue

    beginning of year $4,690 · end of year $4,338

  • 27 · Net assets without donor restrictions

    beginning of year $1,184,667 · end of year $787,721

  • 28 · Net assets with donor restrictions

    beginning of year $163,000 · end of year $193,000

Mission and programs · 2022

Mission

TO IMPROVE PEOPLE'S LIVES THROUGH INFORMATION EXPANDING THEIR AFFORDABLE RENTAL CHOICES.

Activities or mission (Part I)

PROVIDING AFFORDABLE RENTAL HOUSING INFORMATION FOR LOW-TO-MODERATE INCOME RENTERS.

  • HOUSINGLINK HAS BEEN PROVIDING AFFORDABLE RENTAL HOUSING INFORMATION IN THE TWIN CITIES FOR TWENTY YEARS AND IS RECOGNIZED AS THE PRIMARY PLACE TO ACCESS HOUSING OPTIONS FOR LOW-TO-MODERATE INCOME RENTERS. IN ADDITION TO PROVIDING EASY ACCESS TO AFFORDABLE HOUSING WAITING LISTS AND VACANCIES, HOUSINGLINK IS AN ESTEEMED DATA PROVIDER TO A LARGE GROUP OF STAKEHOLDERS THROUGHOUT MINNESOTA. CENTRALIZED, EASY ACCESS TO INFORMATION ABOUT THE SUPPLY AND LOCATION OF AFFORDABLE HOUSING INFORMATION IS VITAL TO ENSURE THAT COMMUNITY DECISIONS ARE WELL-INFORMED, AND THAT LOW-INCOME HOUSEHOLDS ARE EMPOWERED TO OBTAIN HOUSING IN THEIR LOCATIONS OF CHOICE. CONTINUED ON SCHEDULE O. HOUSINGLINK (WWW.HOUSINGLINK.ORG) CONNECTS RENTERS TO THE RELEVANT, VITAL INFORMATION THEY NEED TO FIND THE APPROPRIATE AFFORDABLE HOME FOR THEIR HOUSEHOLD AND STREAMLINES THE PROCESS FOR ADVERTISING UNITS TO RENTERS. SPECIFICALLY, OUR HOUSING SEARCH TOOL IS ONLINE AND ALLOWS USERS TO FIND AFFORDABLE VACANCIES AND WAITING LISTS. OVER 1.7 MILLION SEARCHES FOR AFFORDABLE HOUSING WERE PERFORMED USING OUR WEBSITE DURING 2022. TYPICALLY, RENTERS ARE ABLE TO LOCATE THE INFORMATION THEY NEED IN LESS THAN FIVE MINUTES.THE FOLLOWING HOUSINGLINK ACTIVITY OCCURRED IN 2022: * 1,784,088 SEARCHES FOR AFFORDABLE HOUSING * 22,607 AFFORDABLE VACANCIES & WAITING LIST OPENINGS LISTED * 3,206,514 PAGE VIEWS OF HOUSING RESOURCES * 153,199 VISITS FOR SUBSIDIZED HOUSING INFORMATION * 127,220 VIEWS OF HOUSING AUTHORITY WAITING LIST STATUS * 6,834 LISTINGS THAT WOULD CONSIDER A SECTION 8 VOUCHER IN 2022 * 2,973 VISITS FOR FAIR HOUSING INFORMATION * 1,970 VISITS FOR LANDLORD EDUCATION ON FAIR HOUSING, PREVENTATIVE MAINTENANCE, REGULATIONS AND MORE! * 28,097,528 NOTIFICATIONS OF HOUSING OPENINGS SENT THROUGH 2022HOUSINGLINK PROVIDES INFORMATION ON THE SUPPLY AND LOCATION OF PUBLICLY FUNDED AFFORDABLE HOUSING THROUGH REPORTS AND A PUBLICLY AVAILABLE ONLINE DATABASE CALLED STREAMS. STREAMS (WWW.HOUSINGLINK.ORG/STREAMS) INCLUDES PROPERTIES AND AFFORDABLE UNITS WITH PUBLIC FINANCING. STREAMS IS USED BY RESEARCHERS AND COMMUNITY PLANNERS AND POLICYMAKERS INVOLVED IN PROJECT PLANNING. OUR DATA AND RESEARCH CAPACITY LED US TO PRODUCE THE HOUSING MEASURES REPORT FOR THE MCKNIGHT FOUNDATION. STREAMS DATA IS UPDATED ANNUALLY TO REFLECT THE MOST CURRENT INFORMATION. WE PUBLISH TWIN CITIES RENTAL REVENUE, A SUBSCRIBER-BASED QUARTERLY REPORT THAT COMPARES MARKET RATE SHADOW (RENTAL HOUSES, DUPLEXES, CONDOS, AND TOWNHOMES) AND APARTMENT MARKET RENTS FOR THE SEVEN COUNTY METRO AREA. THIS REPORT IS URNING INTO A SUCCESSFUL EARNED INCOME VENTURE FOR HOUSINGLINK. WE AVERAGE 30 SUBSCRIBERS ANNUALLY; MAINLY RECURRING SUBSCRIPTIONS WHICH HELP SUPPORT OUR GENERAL OPERATIONS. HOUSINGLINK ALSO PUBLISHES A RENTAL HOUSING BRIEF FOR THE CITIES OF MINNEAPOLIS AND SAINT PAUL WHICH TRACKS KEY METRICS ON AFFORDABLE RENTAL HOUSING IN THE COMMUNITY TO INFORM POLICYMAKING. HOUSINGLINK'S STRATEGIC PLAN INCLUDES THE FOLLOWING STRATEGIC PRIORITIES FOR 2022-2026. * PURPOSEFULLY ARTICULATE THE VALUE AND BENEFIT OF HOUSINGLINK. * USING NEW AND EXISTING TECHNOLOGY SOLUTIONS, CONTINUE EXPANDING AFFORDABLE RENTAL HOUSING OPTIONS. * MAKE HOUSINGLINK DATA AND RESEARCH MORE ACCESSIBLE TO IMPROVE COMMUNITY KNOWLEDGE ABOUT RENTAL HOUSING. * DEEPEN CONNECTIONS TO AND DEVELOP RESOURCES FOR DIY PROPERTY OWNERS. * CONTINUE STRATEGIC EXPANSION. * BUILD INTENTIONAL CONNECTIONS AND DEEPEN WORK IN GREATER MINNESOTA.

    Expenses $834,619 · Revenue $23,261

  • HOUSINGLINK WAS PART OF THE ZERO BALANCE PROJECT, A PROGRAM DESIGNED TO DISTRIBUTE FEDERAL EMERGENCY RENTAL ASSISTANCE (ERA) ESTABLISHED IN 2021 WITH POOLED FUNDING PROVIDED BY THE COUNTIES OF DAKOTA, HENNEPIN, AND RAMSEY AND THE CITIES OF MINNEAPOLIS AND SAINT PAUL (JURISDICTIONS). AS OF THE CLOSE OF THE ZERO BALANCE PROJECT ON MARCH 11, 2022, $29,674,914 IN RENTAL ASSISTANCE HAD BEEN PROVIDED TO 4,084 HOUSEHOLDS, FOR AN AVERAGE OF $7,266 PER HOUSEHOLD COVERING AN AVERAGE OF 7.2 MONTHS OF RENT.CONTINUED ON SCHEDULE O.THE BEYOND BACKGROUNDS PROGRAM HELPS RENTERS WITH BARRIERS (CRIMINAL CONVICTION, EVICTION, BAD CREDIT) BY PAIRING THE RENTER WITH A LANDLORD RISK MITIGATION FUND TO HELP THEM GET INTO A RENTAL HOME. THERE HAVE BEEN 688 RENTERS HOUSED, WITH 22 RISK FUND CLAIMS PAID TO LANDLORDS SINCE THE PROGRAM BEGAN IN NOVEMBER 2017.

    Expenses $196,402 · Revenue $125,241

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

Listed in Part VII

  • Wes Johnson

    TREASURER

    Total calculated
    $0
    Hours/week
    1
  • Dorine Onyancha

    BOARD MEMBER/VICE CHAIR

    Total calculated
    $0
    Hours/week
    1
  • Ellen Sahli

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1
  • Katie Topinka

    CHAIR

    Total calculated
    $0
    Hours/week
    1
  • Dave Baker

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1
  • Michael Grover

    VICE CHAIR (THRU 03/22/2022)

    Total calculated
    $0
    Hours/week
    1
  • Cara Melvin

    BOARD MEMBER (THRU 12/31/2022)

    Total calculated
    $0
    Hours/week
    1
  • Todd Eatmon

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1
  • Terri Smith

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1
  • Libby Starling

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1
  • Laura Jelinek

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1
  • Summer Jefferson

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1
  • Doug Strandness

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1
  • Tyler Keyes

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1
  • Susan Speakman-Gomez

    PRESIDENT

    Total calculated
    $142,851
    From this org
    $122,230
    From related orgs
    $0
    Other
    $20,621
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $122,230
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $20,621
    Filer's total
    $142,851
  • Richard Galster

    TECHNOLOGY MANAGER

    Total calculated
    $128,810
    From this org
    $110,498
    From related orgs
    $0
    Other
    $18,312
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $110,498
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $18,312
    Filer's total
    $128,810

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 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

The filer's explanations (Part III)

PART I, LINE 3
HOUSINGLINK HAS A CLIENT SERVICE AGREEMENT WITH INSPERITY PEO SERVICES, LP AN UNRELATED ORGANIZATION. AS A RESULT, INSPERITY IS THE EMPLOYER FOR THE PURPOSE OF PAYING WAGES. INSPERITY ALSO REMITS ALL TAXES AND FILES ALL RETURNS UNDER THEIR NAME AND EIN 76-0689539. INSPERITY IS A PEO (PROFESSIONAL EMPLOYER ORGANIZATION).
SCHEDULE J, PART II, COLUMN B(III)
INSPERITY SERVICES PEO PROVIDED COMPENSATION TO THE FOLLOWING INDIVIDUALS FOR SERVICES PROVIDED TO HOUSINGLINK: SUE SPEAKMAN-GOMEZ, PRESIDENT W-2 WAGES: $122,230 NONTAXABALE BENEFITS: $20,621 RICHARD GALSTER, TECHNOLOGY MANAGER W-2 WAGES: $110,498 NONTAXABLE BENEFITS: $18,312

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.

Provenance

Return type
form_990
Tax year
2022
Filed
31 May 2023
IRS schema version
2022v5.0
Source object
202301599349300235

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