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Nonprofiteer
← FAMILY HOUSING FUND

Form 990 for tax year 2025

Filed by FAMILY HOUSING FUND.

Totals

Total revenue
$4,714,023
Total expenses
$4,927,773
Contributions and grants received
$3,741,845
Grants paid
$1,264,750
Program service revenue
$445,965
Investment income
$526,197
Other revenue
$16
Total assets, end of year
$50,712,112
Total liabilities, end of year
$1,797,180
Net assets or fund balances, end of year
$48,914,932
Program services expenses (Part IX)
$3,684,506
Management and general expenses
$1,041,015
Fundraising expenses
$202,252
Program service expenses (Part III)
$3,684,506

Program services were 74.8% 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.

  • 1f · All other contributions, gifts and grants

    $3,741,845

  • 2a · Program service revenue: INTEREST-HOUSING LOAN

    total $441,982 · related or exempt $441,982

  • 2b · Program service revenue: FEE INCOME

    total $3,983 · related or exempt $3,983

  • 3 · Investment income

    total $526,197 · excluded $526,197

  • 7a · Gross sales of assets other than inventory

    securities $4,225,849

  • 7b · Less cost or other basis and sales expenses

    securities $4,225,849

  • 7c · Gain or loss

    securities $0

  • 11a · Other revenue: MISCELLANEOUS

    total $16 · related or exempt $16

  • 11e · Other revenue, total

    $16

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $1,264,750 · program services $1,264,750

  • 5 · Compensation of officers, directors and key employees

    total $296,444 · program services $150,457 · management and general $92,749 · fundraising $53,238

  • 7 · Other salaries and wages

    total $662,886 · program services $336,440 · management and general $207,399 · fundraising $119,047

  • 8 · Pension plan contributions

    total $47,979 · program services $19,531 · management and general $21,223 · fundraising $7,225

  • 9 · Other employee benefits

    total $75,519 · program services $31,704 · management and general $32,165 · fundraising $11,650

  • 10 · Payroll taxes

    total $62,656 · program services $31,942 · management and general $19,622 · fundraising $11,092

  • 11a · Fees: management

    total $672,528 · program services $515,277 · management and general $157,251

  • 11b · Fees: legal

    total $84,245 · program services $50,112 · management and general $34,133

  • 11c · Fees: accounting

    total $206,191 · management and general $206,191

  • 11d · Fees: lobbying

    total $49,000 · program services $49,000

  • 11g · Fees: other

    total $56,561 · program services $25,841 · management and general $30,720

  • 12 · Advertising and promotion

    total $39,471 · program services $17,532 · management and general $21,939

  • 13 · Office expenses

    total $172,640 · program services $91,052 · management and general $81,588

  • 14 · Information technology

    total $41,681 · program services $21,246 · management and general $20,435

  • 16 · Occupancy

    total $81,284 · program services $38,651 · management and general $42,633

  • 17 · Travel

    total $2,854 · management and general $2,854

  • 19 · Conferences, conventions and meetings

    total $14,917 · program services $1,518 · management and general $13,399

  • 22 · Depreciation, depletion and amortization

    total $2,616 · management and general $2,616

  • 23 · Insurance

    total $48,353 · program services $24,242 · management and general $24,111

  • 24a · Other expenses: PROVISION FOR LOAN LOSS

    total $1,029,379 · program services $1,010,211 · management and general $19,168

  • 24b · Other expenses: TRAINING/PERIODICALS

    total $10,819 · management and general $10,819

  • 24c · Other expenses: MEMBERSHIPS

    total $5,000 · program services $5,000

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $690,528 · end of year $250,354

  • 2 · Savings and temporary cash investments

    beginning of year $14,620,355 · end of year $13,944,992

  • 3 · Pledges and grants receivable

    beginning of year $1,760,000 · end of year $3,000,000

  • 4 · Accounts receivable

    beginning of year $51,572 · end of year $49,799

  • 9 · Prepaid expenses and deferred charges

    beginning of year $88,882 · end of year $85,891

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

    $316,032

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

    $211,477

  • 10c · Land, buildings and equipment, net

    beginning of year $19,168 · end of year $104,555

  • 13 · Investments: program-related

    beginning of year $31,427,746 · end of year $32,665,821

  • 15 · Other assets

    beginning of year $19,897 · end of year $610,700

  • 17 · Accounts payable and accrued expenses

    beginning of year $155,170 · end of year $280,095

  • 18 · Grants payable

    beginning of year $597,000 · end of year $550,000

  • 19 · Deferred revenue

    beginning of year $70,879 · end of year $57,967

  • 25 · Other liabilities

    beginning of year $298,728 · end of year $909,118

  • 27 · Net assets without donor restrictions

    beginning of year $44,025,116 · end of year $43,900,210

  • 28 · Net assets with donor restrictions

    beginning of year $3,531,255 · end of year $5,014,722

Mission and programs · 2025

Mission

THE FAMILY HOUSING FUND ("FUND") IS A NONPROFIT INTERMEDIARY ORGANIZATION WHOSE MISSION IS TO HELP THE AFFORDABLE HOUSING NETWORK ADAPT TO THE NEEDS OF FAMILIES IN COMPLEX AND CONSTANTLY CHANGING CONDITIONS.

Activities or mission (Part I)

TO HELP THE AFFORDABLE HOUSING NETWORK ADAPT TO THE NEEDS OF FAMILIES IN COMPLEX AND CONSTANTLY CHANGING CONDITIONS.

  • EXPAND OPPORTUNITIES - THE FUND AIMS TO IMPROVE HOUSING STABILITY, REDUCE EVICTIONS AND DISPLACEMENT, IMPROVE HOUSING CHOICE, AND ENSURE ACCESS TO QUALITY, AFFORDABLE HOMES. TO ACCOMPLISH THIS, THE FUND LEADS AND COORDINATES ACTIVITIES TO SYSTEMATICALLY ADDRESS THREATS TO HOUSING STABILITY AND CHOICE, IN PARTNERSHIP WITH PUBLIC AND PRIVATE PARTNERS. THIS INCLUDES CONVENING PARTNERS ACROSS PRIVATE, NONPROFIT, AND PUBLIC SECTORS TO DEVELOP STRATEGIES FOR EXPANDING ACCESS TO EMERGENCY FINANCIAL ASSISTANCE, IDENTIFY AND ADDRESS THE IMPACTS OF CORPORATE-OWNED SINGLE-FAMILY RENTAL HOMES, DISRUPT DISCRIMINATORY TENANT SCREENING PRACTICES, AND IMPROVE THE QUALITY OF THE HOUSING STOCK ACROSS THE TWIN CITIES REGION.

    Expenses $749,558 · Grants $462,530

  • BUILDING EQUITY - THE FUND SUPPORTS STRATEGIES THAT EXPAND ACCESS TO HOMEOWNERSHIP FOR BLACK, INDIGENOUS, AND PEOPLE OF COLOR COMMUNITIES AND HELP REDUCE RACIAL WEALTH DISPARITIES. BUILDING ON THE LEARNINGS FROM OUR SMALL MULTIFAMILY OWNERSHIP WORK, THE FUND FURTHER DEVELOPED OUR VALUING HOMES IN BLACK COMMUNITIES INITIATIVE (BUILDING EQUITY NEXT GENERATION) IN 2024. THIS WAS A HOLISTIC EFFORT TO TRANSFORM THE HOMEOWNERSHIP JOURNEY FOR BLACK COMMUNITIES AND ADDRESS WIDE-RANGING CHALLENGES AFFECTING BLACK COMMUNITIES' ABILITY TO BUILD AND SUSTAIN WEALTH THROUGH HOMEOWNERSHIP. SYNTHESIZING THE LEARNINGS FROM OUR ENGAGEMENT AND CO-DESIGN PROCESS, WE DEVELOPED THREE CORE STRATEGIES FOCUSED ON SUPPORTING BLACK HOMEOWNERSHIP. THE FUND PUBLISHED THESE RECOMMENDATIONS IN A REPORT AND SOUGHT TO ALIGN OUR WORK WITH COMPLEMENTARY EFFORTS IN THE TWIN CITIES. IN 2024, THE FUND INVESTED IN THE ADVANCING BLACK HOMEOWNERSHIP COMMUNITY FUND, A SPECIAL PURPOSE CREDIT DOWN PAYMENT ASSISTANCE PROGRAM LED BY THE MINNESOTA HOME OWNERSHIP CENTER AND TWIN CITIES HABITAT FOR HUMANITY WHICH IS ALSO PILOTING A POST-PURCHASE SUPPORT STRATEGY. OUR INVESTMENT SUPPORTED ACCESS TO CAPITAL POST-PURCHASE FOR NEW HOMEOWNERS AS WELL AS THE DEVELOPMENT OF POST-PURCHASE CURRICULUM AND COACHING.

    Expenses $428,323 · Grants $123,750

  • INCREASE SUPPLY - THIS PROGRAM AREA AIMS TO INCREASE HOUSING CHOICE AND AFFORDABILITY BY EXPANDING NEW APPROACHES TO HOUSING DEVELOPMENT AND PRESERVATION IN THE TWIN CITIES REGION. THE FUND INFORMS LOCAL POLICY THROUGHOUT THE REGION TO PRESERVE AND PRODUCE HOUSING, WHILE ALSO EXPLORING AND SUPPORTING NEW TOOLS FOR EXPANDING THE SUPPLY OF QUALITY, AFFORDABLE HOMES. IN 2024, THE FUND HELPED CONVENE A COALITION OF NONPROFIT HOUSING PROVIDERS TO EXPLORE CURRENT THREATS FACING THE AFFORDABLE HOUSING SECTOR AND IDENTIFY AND AMPLIFY POTENTIAL SOLUTIONS FOR BRINGING THE SECTOR BACK TO HEALTH.

    Expenses $581,958 · Grants $256,501 · Revenue $25,000

  • ACTIVATE HOUSING CHAMPIONS - THE FUND INCREASES PUBLIC WILL FOR HOUSING SOLUTIONS BY SUPPORTING ADVOCACY EFFORTS, PRODUCING AND PUBLISHING RESEARCH, AND ELEVATING HOUSING SUCCESS STORIES THROUGH ITS STRATEGIC COMMUNICATIONS. THE FUND ALSO STRENGTHENS THE LOCAL ECOSYSTEM OF HOUSING ORGANIZATIONS AND RESOURCES BY PROVIDING SUPPORT TO COMMUNITY-BASED PARTNER ORGANIZATIONS. IN 2024, THE FUND PUBLISHED FOUR REPORTS OF RESEARCH AND KEY LEARNINGS AND HOSTED FOUR VIRTUAL EVENTS WITH THE PUBLIC TO SHARE HOUSING LEARNINGS.

    Expenses $1,924,667 · Grants $421,968 · Revenue $420,981

As filed on the 2025 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • JOHN QUINCY

    CHAIRPERSON

    Total calculated
    $0
    Hours/week
    3

  • CRAIG KLAUSING

    VICE PRESIDENT/TREASURER

    Total calculated
    $0
    Hours/week
    3

  • KASEY KIER

    VICE PRESIDENT

    Total calculated
    $0
    Hours/week
    3

  • AARICA COLEMAN

    VICE PRESIDENT

    Total calculated
    $0
    Hours/week
    3

  • ELENA GAARDER

    VICE PRESIDENT

    Total calculated
    $0
    Hours/week
    3

  • ANIKA BOWIE

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • ALENE TCHOURUMOFF

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • AMY STEZEL

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • ANISHA MURPHY

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • BEN HOROWITZ

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • BILL DROSTE

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • BRAD WIERSUM

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • CRISTEN INCITTI

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • ELFRIC PORTE

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • JAKE LOESCH

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • JEREMIAH ELLISON

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • JOHN DECRAMER

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • JULES ATANGANA

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • KATIE CASHMAN

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • KIZZY DOWNIE

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • MARCUS SCHMIT

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • NELSIE YANG

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • NICHOL DEHMER

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • SPENCER FINSETH

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • STEPHANNIE LEWIS

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • ELLEN K SAHLI

    PRESIDENT & CEO

    Total calculated
    $296,445
    From this org
    $247,297
    From related orgs
    $0
    Other
    $49,148
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $242,297
    Bonus
    $5,000
    Other
    $0
    Deferred
    $24,730
    Nontaxable benefits
    $24,418
    Filer's total
    $296,445

  • FUMIKO SALONE

    DIRECTOR OF OPERATIONS

    Total calculated
    $224,047
    From this org
    $185,607
    From related orgs
    $0
    Other
    $38,440
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $185,607
    Bonus
    $0
    Other
    $0
    Deferred
    $18,561
    Nontaxable benefits
    $19,879
    Filer's total
    $224,047

  • KARYSSA SCHECK

    DEVELOPMENT AND COMM. OFFICER

    Total calculated
    $143,633
    From this org
    $122,390
    From related orgs
    $0
    Other
    $21,243
    Hours/week
    40

  • ANDREA INOUYE

    PROGRAM DIRECTOR

    Total calculated
    $182,484
    From this org
    $150,566
    From related orgs
    $0
    Other
    $31,918
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $150,566
    Bonus
    $0
    Other
    $0
    Deferred
    $15,346
    Nontaxable benefits
    $16,572
    Filer's total
    $182,484

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 · 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

The 10 largest by cash amount. The API serves every itemized grant.

Provenance

Return type
form_990
Tax year
2025
Filed
15 April 2026
IRS schema version
2025v4.1
Source object
202601109349300965

Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.

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