HOUSE OF CHARITY

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Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

1953

Legal Domicile

Principal Officer

MARK BIEDENFELD

Phone

6128740311

Tax Period

2020-12-31 to 2021-01-01

Mission

FEED THOSE IN NEED, HOUSE THOSE EXPERIENCING HOMELESSNESS, AND EMPOWER INDIVIDUALS TO ACHIEVE INDEPENDENCE.

Program Service Accomplishments

Program 1

SUPPORTIVE HOUSING IS AVAILABLE ON-SITE WHERE WE PROVIDED 37,589 NIGHTS OF HOUSING OR SCATTERED-SITE WHERE WE PROVIDED 33,498 NIGHTS OF HOUSING TO SINGLE ADULTS WHO NEED SAFE AND SOBER HOUSING WITH SUPPORT SERVICES. THOSE WE SERVE ARE OFTEN CONSIDERED THE CHRONICALLY OR LONG-TERM HOMELESS AND MANY OF THEM HAVE EMOTIONAL AND/OR PSYCHOLOGICAL ISSUES AND/OR A HISTORY OF SUBSTANCE ABUSE. CASE MANAGEMENT SERVICES ARE AVAILABLE FOR ALL CLIENTS. WHETHER SEEKING FURTHER EDUCATION OR DEVELOPING EMPLOYMENT SKILLS, CLIENTS WITHIN THE SUPPORTIVE HOUSING PROGRAM ARE PROVIDED WITH CASEMANAGEMENT SERVICES.

Program 2

FOOD CENTRE: OUR FOOD CENTRE IS LOCATED AT 714 PARK AVE. IN DOWNTOWN MINNEAPOLIS AND IS OPEN EVERY DAY OF THE YEAR. VOLUNTEERS AND STAFF PREPARE AND SERVE HOT, NUTRITIOUS MEALS. THE FOOD CENTRE...

FOOD CENTRE: OUR FOOD CENTRE IS LOCATED AT 714 PARK AVE. IN DOWNTOWN MINNEAPOLIS AND IS OPEN EVERY DAY OF THE YEAR. VOLUNTEERS AND STAFF PREPARE AND SERVE HOT, NUTRITIOUS MEALS. THE FOOD CENTRE OFFERS TWO PUBLIC MEALS: A BREAKFAST THAT IS OPEN TO WOMEN, CHILDREN AND MEN WITH CHILDREN AND A NOON MEAL, WHICH IS OPEN TO ALL THE GENERAL PUBLIC. WEGENERALLY SERVE ABOUT 300 GUESTS. WE HAVE A "NO QUESTIONS ASKED" PHILOSOPHY ABOUT FEEDING THE HUNGRY - WE SERVE ANYONE IN NEED OF A MEAL. WE STRIVE TO CREATE A SAFE AND RESPECTFUL ENVIRONMENT TO ENSURE

Program 3

DAY BY DAY IS A LICENSED SUBSTANCE USE DISORDER PROGRAM FOR CLIENTS WHO ARE 18 YEARS AND UP EXPERIENCING BOTH SUBSTANCE USE DISORDER AND HOMELESSNESS. THE PROGRAM IS BASED ON A HOUSING FIRST HARM...

DAY BY DAY IS A LICENSED SUBSTANCE USE DISORDER PROGRAM FOR CLIENTS WHO ARE 18 YEARS AND UP EXPERIENCING BOTH SUBSTANCE USE DISORDER AND HOMELESSNESS. THE PROGRAM IS BASED ON A HOUSING FIRST HARM REDUCTION PHILOSOPHY AND SERVES APPROXIMATELY 200 PERSONS EACH YEAR. IN 2020 ATTENDANCE WAS SIGNIFICANTLY LOWER DUE TO COVID19.

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Trantor Score

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

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

Financial Overview (2020)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $0

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $0

TOTAL EXPENSES $0

Year-over-Year Comparison

	2020	2019	Change
Revenue	N/A	$5,025,691	-1.0%
Expenses	N/A	$4,631,106	-1.0%
Net Income	N/A	$394,585	N/A

Key Indicators

✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✗ Schedule B Required

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Financial Health Indicators

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

Financial Distress Indicator

Liquidity & Cash Position

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

Governance

Voting Members

Independent Members

Employees

N/A

Volunteers

N/A

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

$6,025

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MARK BIEDENFELD	PRESIDENT	2.00	Officer Director	$0	$0	$0
WENDY WEHR	DIRECTOR	2.00	Director	$0	$0	$0
JOE COLIHAN	TREASURER	1.00	Officer Director	$0	$0	$0
JONATHAN COOPER	DIRECTOR	1.00	Director	$0	$0	$0
MARK ENGELEN	DIRECTOR	1.00	Director	$0	$0	$0
RYAN GOTT	DIRECTOR	1.00	Director	$0	$0	$0
CHAD HEGWOOD	DIRECTOR	1.00	Director	$0	$0	$0
GREG OWEN	SECRETARY	1.00	Officer Director	$0	$0	$0
RAJIN SINGH OLSON	DIRECTOR	1.00	Director	$0	$0	$0
ALYSSA TROJE	DIRECTOR	1.00	Director	$0	$0	$0
TOM VALENTA	DIRECTOR	1.00	Director	$0	$0	$0
MARK PETERSON	DIRECTOR	1.00	Director	$0	$0	$0
DENEEN GANNON	DIRECTOR	1.00	Director	$0	$0	$0
SUSIE BYERS	VICE PRESIDENT	2.00	Officer Director	$0	$0	$0
JOHN KVINGE	VICE PRESIDENT	2.00	Officer Director	$0	$0	$0
DEBORAH MOSES	EXECUTIVE DIRECTOR	40.00	Officer	$0	$6,025	$6,025

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
2021	No data	No data	No data	No data
2020	$5,025,691	$4,631,106	$5,140,802	$394,585
2019	$4,097,387	$4,653,647	$4,695,899	$-556,260
2018	$4,809,173	$4,814,024	$5,061,050	$-4,851