AGATE HOUSING AND SERVICES

EIN: 010639118 501(c)(3) Religion

MINNEAPOLIS, MN

Total Revenue
$18,467,378
Total Expenses
$22,815,498
Total Assets
$15,075,618
Net Assets
$8,095,320
🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Sign In — Free (10 views/day)

Financial Trends

Organization Details

Formation Year
2002
Legal Domicile
MN
Principal Officer
KYLE HANSON
Phone
6128740311
Tax Period
2023-07-01 to 2024-06-30

AGATE HOUSING AND SERVICES, founded in 2002, is a mid-sized nonprofit in the Religion sector that reported $18.5M in total revenue in fiscal year 2023. Expenses of $22.8M exceeded revenue, resulting in a 24% operating deficit.

Mission

TO END HOMELESSNESS AND RELIEVE HUNGER THROUGH ACTION AND ADVOCACY.

Program Service Accomplishments

Program 1
Expenses: $2,609,212

EMERGENCY SERVICES PROGRAMS - 1,366 SERVED:SHELTER PROGRAMS - SHELTER IS OFFERED AT TWO LOCATIONS, 510 AND FCC, TO UP TO EIGHTY-SIX ADULTS EVERY NIGHT WHILE WE WORK WITH THEM TO ACCESS HOUSING AND...

Read more

EMERGENCY SERVICES PROGRAMS - 1,366 SERVED:SHELTER PROGRAMS - SHELTER IS OFFERED AT TWO LOCATIONS, 510 AND FCC, TO UP TO EIGHTY-SIX ADULTS EVERY NIGHT WHILE WE WORK WITH THEM TO ACCESS HOUSING AND SUPPORT SERVICES. IN FISCAL YEAR 2024, 571 INDIVIDUALS WERE PROVIDED SHELTER BETWEEN THE TWO SHELTER LOCATIONS. STREET OUTREACH - THIS PROGRAM PROVIDES THE FIRST CONTACT FOR INDIVIDUALS LIVING OUTSIDE. PARTNERING WITH MANY LOCAL AGENCIES AND GOVERNMENT OFFICES, THIS INTENSIVE OUTREACH CONNECTS PEOPLE TO SHELTER, HOUSING, AND OTHER SERVICES. IN FISCAL YEAR 2024, 795 UNIQUE UNSHELTERED INDIVIDUALS WORKED WITH AGATE'S STREET OUTREACH TEAM. THIS DOES NOT INCLUDE THE THOUSANDS OF INTERACTIONS THEY HAVE WITH OTHER UNHOUSED INDIVIDUALS, WHO ARE NOT ACTIVELY ENGAGED IN SEEKING HOUSING EITHER ON THE STREET OR AT OUR WELCOME CENTER USING OUR MAIL SERVICES (~1,500), FREE SHOWERS, OR RECEIVING OTHER, ONE OFF SUPPORT.

Program 2
Expenses: $3,043,925 Revenue: $2,723,165

TIME LIMITED HOUSING PROGRAMS - 1,524 SERVED:RAPID REHOUSING PROGRAMS - THESE PROGRAMS HELPS FAMILIES AND SINGLE ADULTS TRANSITION QUICKLY FROM SHELTER INTO HOUSING WITH SUPPORTIVE SERVICES AND...

Read more

TIME LIMITED HOUSING PROGRAMS - 1,524 SERVED:RAPID REHOUSING PROGRAMS - THESE PROGRAMS HELPS FAMILIES AND SINGLE ADULTS TRANSITION QUICKLY FROM SHELTER INTO HOUSING WITH SUPPORTIVE SERVICES AND SHORT-TERM RENTAL SUBSIDIES. 245 HOUSEHOLDS WERE SERVED, INCLUDING 35 SINGLE ADULTS, AND 204 FAMILIES INCLUDING 393 CHILDREN. PREVENTION PROGRAMS - THESE PROGRAMS WORK WITH FAMILIES AND SINGLE ADULTS WHO ARE AT RISK OF LOSING THEIR HOUSING. THE PROGRAMS PROVIDE SHORT - TO MEDIUM - TERM FINANCIAL SUPPORT AND CASE MANAGEMENT SERVICES TO PREVENT HOMELESSNESS. 72 HOUSEHOLDS, INCLUDING 31 SINGLE ADULTS, AND 41 FAMILIES INCLUDING 46 CHILDREN WERE SERVED IN FISCAL YEAR 2024.NEXT STEP ASSESSMENTS - THIS PROGRAM IS FUNDED TO PROVIDE COORDINATED ENTRY SYSTEM HOUSING ASSESSMENTS FOR FAMILIES EXPERIENCING HOMELESSNESS IN HENNEPIN COUNTY. COORDINATED ENTRY IS THE COUNTY PROGRAM THROUGH WHICH THOSE EXPERIENCING HOMELESSNESS ARE PRIORITIZED TO GET INTO HOUSING. IN FISCAL YEAR 2024, 762 ASSESSMENTS WERE COMPLETED WITH FAMILIES. THIS IS MORE THAN DOUBLE THE NUMBER OF ASSESSMENTS COMPLETED THE PREVIOUS YEAR.

Program 3
Expenses: $8,947,215

PERMANENT SUPPORTIVE HOUSING PROGRAMS - 1,151 SERVED:SUPPORTIVE HOUSING PROGRAMS - FAMILY AND SINGLE ADULT SUPPORTIVE HOUSING PROGRAMS PROVIDE LONG TERM, SCATTERED-SITE HOUSING (NON-AGATE-OWNED)...

Read more

PERMANENT SUPPORTIVE HOUSING PROGRAMS - 1,151 SERVED:SUPPORTIVE HOUSING PROGRAMS - FAMILY AND SINGLE ADULT SUPPORTIVE HOUSING PROGRAMS PROVIDE LONG TERM, SCATTERED-SITE HOUSING (NON-AGATE-OWNED) SUPPORTIVE SERVICES FOR FAMILIES AND SINGLE ADULTS WHO HAVE EXPERIENCED LONG-TERM HOMELESSNESS AND HAVE A DOCUMENTED DISABILITY. IN FISCAL YEAR 2024, 155 FAMILIES AND 209 SINGLE ADULTS RECEIVED LONG-TERM CASE MANAGEMENT. MINNEOSTA HOUSING - HOUSING TRUST FUND SUBSIDIES - RENTAL SUBSIDIES ARE AN IMPORTANT TOOL FOR HELPING SOME SINGLE ADULTS AND FAMILIES MAINTAIN THEIR HOUSING WHILE THEY WORK TOWARD SELF-SUFFICIENCY. THESE SUBISIDIES ARE PROVIDED THROUGH MINNESOTA HOUSING AND SERVE UP TO 126 SINGLE ADULTS AND FAMILIES. 510 BOARD AND LODGE - THIS PROGRAM PROVIDES PERMANENT HOUSING AND SUPPORT SERVICES TO SINGLE ADULTS. THIS PROGRAM IS MAINTAINED IN A DORMITORY STYLE LIVING SITUATION WITH SHARED ROOMS, WHERE RESIDENTS ARE PROVIDED THREE DAILY MEALS. IN FISCAL YEAR 2024, 210 INDIVIDUALS WERE SERVED IN THIS PROGRAM. VA BEDS - THIS PROGRAM PROVIDES 12 BEDS AT OUR 510 BOARD AND LODGE SITE FOR USE BY VETERANS. OUR VETERAN RESIDENTS TYPICALLY STAY IN THIS SETTING FOR A FEW MONTHS WHILE THEY UTILIZE OUR CASE MANAGEMENT SERVICES TO SEEK MORE INDEPENDENT SETTINGS FOR THEIR NEXT MOVE. THIS PROGRAM SERVED 33 INDIVIDUALS IN FISCAL YEAR 2024.PARK7 - AGATE PROVIDES PERMANENT HOUSING AND SUPPORT SERVICES TO RESIDENTS AT THE PARK 7 BUILDING IN DOWNTOWN MINNEAPOLIS, WITH 61 UNITS OF AFFORDABLE HOUSING. THE BUILDING IS MANAGED BY TRELLIS, AN AFFORDABLE HOUSING PROVIDER IN THE AREA, AND ALL SERVICES ARE PROVIDED BY AGATE. 70 INDIVIDUALS WERE SERVED IN FISCAL 2024.METRO INN - AGATE OPENED A CONVERTED MOTEL TO SINGLE OCCUPANCY PERMANENT HOUSING IN FISCAL YEAR 2024. THE PROPERTY PROVIDES 38 AFFORDABLE HOMES.

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Sign In — Free (10 views/day)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $15,680,917
Program Service Revenue $2,619,797
Investment Income $63,296
Other Revenue $103,368
TOTAL REVENUE $18,467,378

Expense Breakdown

Grants Paid $0
Salaries & Benefits $10,047,763
Fundraising Expenses $848,817
Program Expenses $17,348,381
Other Expenses $12,767,735
TOTAL EXPENSES $22,815,498

Year-over-Year Comparison

2023 2022 Change
Revenue $18,467,378 $17,132,224 +0.1%
Expenses $22,815,498 $19,083,188 +0.2%
Net Income $-4,348,120 $-1,950,964 +1.2%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Sign In

Governance

Voting Members
11
Independent Members
11
Employees
195
Volunteers
108

Governance Policies

Conflict of Interest Policy
Whistleblower Policy
Document Retention Policy

Special Practices & Reported Activities

Operated a School
Operated a Hospital
Provided First Class Travel
Reported Conflict of Interest
Reported Asset Diversion
Excess Benefit Transaction
Made Political Expenditures
Engaged in Lobbying
Operated Donor Advised Fund
Maintained Art Collections
Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
6
$206,396
Total Directors
11
$0
Key Employees
0
$0
Highest Compensated
5
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
GREG OWEN CHAIR 1.00
Officer Director
$0 $0 $0
RAJIN SINGH OLSON DIRECTOR 0.50
Director
$0 $0 $0
MARY GRAHEK TREASURER 1.00
Officer Director
$0 $0 $0
FIYYAZ KARIM SECRETARY 0.50
Officer Director
$0 $0 $0
ALYSSA TROJE DIRECTOR 0.50
Director
$0 $0 $0
BEN WALTZ VICE CHAIR 1.00
Officer Director
$0 $0 $0
SUSIE BYERS DIRECTOR 0.50
Director
$0 $0 $0
BOB WEIL ASSOCIATE TREASURER 0.50
Officer Director
$0 $0 $0
GRETA GAETZ DIRECTOR 0.50
Director
$0 $0 $0
JEFF BAIDOO DIRECTOR 0.50
Director
$0 $0 $0
MICHELLE DECKER GERRARD DIRECTOR 0.50
Director
$0 $0 $0
KYLE HANSON EXECUTIVE DIRECTOR 40.00
Officer
$191,798 $14,598 $206,396
LAURA STRAW FINANCE DIRECTOR 40.00
Highest
$140,387 $16,703 $157,090
GEOFFREY MEYER DIRECTOR OF SITE BASED SERVICES 40.00
Highest
$104,697 $4,171 $108,868
KELINA MORGAN DIRECTOR OF HOUSING PROGRAM 40.00
Highest
$116,396 $5,657 $122,053
MICHELLE PERRIN FORMER DIRECTOR 40.00
Highest
$103,694 $15,310 $119,004
PAUL VERRETTE DIRECTOR OF PUBLIC POLICY 40.00
Highest
$106,270 $8,593 $114,863
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2025 No data No data No data No data
2024 $18,467,378 $22,815,498 $15,075,618 $-4,348,120
2023 $17,132,224 $19,083,188 $17,628,506 $-1,950,964
2022 $18,145,205 $17,710,336 $17,135,849 $434,869
2021 $20,148,207 $19,752,965 $18,050,052 $395,242
2020 $19,132,861 $13,119,820 $12,695,506 $6,013,041
2019 $12,675,541 $12,432,287 $5,116,323 $243,254
Explore More Nonprofits
Top 100 Nonprofits in Minnesota Largest U.S. Nonprofits Best Rated Nonprofits Most Efficient Nonprofits

Compare AGATE HOUSING AND SERVICES with other nonprofits in Minnesota and across the country.