HAVEN HOUSING

EIN: 411396238 501(c)(3)

MINNEAPOLIS, MN

Total Revenue
$1,764,712
Total Expenses
$6,167,988
Total Assets
$1,027,596
Net Assets
$1,014,380
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1981
Legal Domicile
MN
Principal Officer
DEBRA SPEARS
Phone
6122388099
Tax Period
2023-07-01 to 2024-06-30

HAVEN HOUSING, founded in 1981, is a community nonprofit that reported $1.8M in total revenue in fiscal year 2023. Revenue fell 70% from the prior year — a significant decline worth monitoring. Expenses of $6.2M exceeded revenue, resulting in a 250% operating deficit.

Mission

TO PROVIDE WOMEN, NON-BINARY PEOPLE, AND THE FAMILIES THEY LEAD WITH SHELTER, HOUSING, AND THE OPPORTUNITY TO EXPLORE OPTIONS FOR THEIR FUTURE DURING PERIODS OF CRISIS OR TRANSITION.

Program Service Accomplishments

Program 1
Expenses: $197,137 Revenue: $11,452

ASCENSION PLACE WSS A TRANSITIONAL HOUSING PROGRAM THAT PROVIDED SUPPORTIVE PROGRAMMING TO UP TO 32 WOMEN AND NON-BINARY PEOPLE IN CRISIS OR TRANSITION, PRIMARILY DUE TO MENTAL OR CHEMICAL HEALTH...

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ASCENSION PLACE WSS A TRANSITIONAL HOUSING PROGRAM THAT PROVIDED SUPPORTIVE PROGRAMMING TO UP TO 32 WOMEN AND NON-BINARY PEOPLE IN CRISIS OR TRANSITION, PRIMARILY DUE TO MENTAL OR CHEMICAL HEALTH DIAGNOSES. ASCENSION PLACE PROVIDED 24-HOUR STAFFING, PRIVATE ROOMS, FOOD, CLOTHING, AND PERSONAL NEEDS ITEMS. ASCENSION PLACE OFFERED INDIVIDUAL AND GROUP SUPPORT; CLASSES IN INDEPENDENT LIVING; ASSISTANCE WITH SCHOOL AND JOB READINESS; COMMUNITY AND CIVIC ENGAGEMENT OPPORTUNITIES; PHYSICAL, CHEMICAL, AND MENTAL HEALTH SUPPORT; AND OPPORTUNITIES TO PARTICIPATE IN THE ART AND CULTURAL LIFE OF THE COMMUNITY. ASCENSION PLACE CLOSED IN AUGUST 2023.

Program 2
Expenses: $1,523,912 Revenue: $918,018

ST. ANNE'S PLACEWAIS AN EMERGENCY FAMILY SHELTER THAT SERVED WOMEN-LED FAMILIES. ST. ANNE'S PLACE PROVIDED A PRIVATE ROOM FOR UP TO 16 FAMILIES AT A TIME, INCLUDING HEALTHY MEALS AND SNACKS EACH DAY...

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ST. ANNE'S PLACEWAIS AN EMERGENCY FAMILY SHELTER THAT SERVED WOMEN-LED FAMILIES. ST. ANNE'S PLACE PROVIDED A PRIVATE ROOM FOR UP TO 16 FAMILIES AT A TIME, INCLUDING HEALTHY MEALS AND SNACKS EACH DAY, CLOTHING, DIAPERS, AND OTHER PERSONAL NEEDS. STAFF WAS TRAINED TO PROVIDE PARENTING SUPPORT, EARLY CHILDHOOD EDUCATION, INTENSIVE CASE MANAGEMENT, AND REFERRALS TO COMMUNITY AGENCIES, ALL WITH THE GOAL OF MITIGATING THE TRAUMAS OF HOMELESSNESS AND HELPING FAMILIES FIND STABLE HOUSING. HAVEN HOUSING GIFTED ST. ANNE'S PLACE TO PEOPLE SERVING PEOPLE IN MAY 2024 AND SERVICES CONTINUE UNCHANGED UNDER THEIR LEADERSHIP.

Program 3
Expenses: $605 Revenue: $8,375

SUPPORTIVE HOUSING - NEXT STEP HOUSING PROVIDED PERMANENT SUPPORTIVE HOUSING TO WOMEN AND WOMEN-LED FAMILIES AT OUR SITE-BASED, 12-UNIT, HAVEN HOUSING-OWNED APARTMENT BUILDING IN NORTH MINNEAPOLIS...

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SUPPORTIVE HOUSING - NEXT STEP HOUSING PROVIDED PERMANENT SUPPORTIVE HOUSING TO WOMEN AND WOMEN-LED FAMILIES AT OUR SITE-BASED, 12-UNIT, HAVEN HOUSING-OWNED APARTMENT BUILDING IN NORTH MINNEAPOLIS AND IN SCATTERED-SITE UNITS THROUGHOUT HENNEPIN COUNTY. THE PROGRAM CLOSED IN JUNE 2023. ALL RESIDENTS CHOSE TO WORK WITH A NEW SERVICE PROVIDER AND NO RESIDENTS WERE DISPLACED.

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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%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $584,521
Program Service Revenue $937,845
Investment Income $239,057
Other Revenue $3,289
TOTAL REVENUE $1,764,712

Expense Breakdown

Grants Paid $0
Salaries & Benefits $1,115,856
Fundraising Expenses $37,581
Program Expenses $1,721,654
Other Expenses $5,052,132
TOTAL EXPENSES $6,167,988

Year-over-Year Comparison

2023 2022 Change
Revenue $1,764,712 $5,864,077 -0.7%
Expenses $6,167,988 $3,757,493 +0.6%
Net Income $-4,403,276 $2,106,584 -3.1%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Liquidity & Cash Position

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Governance

Voting Members
8
Independent Members
8
Employees
54
Volunteers
182

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
7
$178,498
Total Directors
9
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
DEBRA SPEARS BOARD CHAIR 2.00
Officer Director
$0 $0 $0
EMILY STEARNS PAST CHAIR 2.00
Officer Director
$0 $0 $0
PAUL GALLES VICE-CHAIR 2.00
Officer Director
$0 $0 $0
MIKE LAUX TREASURER 2.00
Officer Director
$0 $0 $0
MARY DEDEAUX-SWINTON SECRETARY 2.00
Officer Director
$0 $0 $0
PAUL FRANCIS BOARD MEMBER 2.00
Director
$0 $0 $0
NATALIE IVES BOARD MEMBER 1.00
Director
$0 $0 $0
KIM STEPHAN BOARD MEMBER 1.00
Director
$0 $0 $0
SHEREESE TURNER BOARD MEMBER 2.00
Director
$0 $0 $0
LISSA JONES-LOFGREN INTERIM EXEC 20.00
Officer
$70,700 $0 $70,700
EMILY SEDDON ASSISTANT DI 40.00
Officer
$97,427 $10,371 $107,798
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
2024 $1,764,712 $6,167,988 $1,027,596 $-4,403,276
2023 $5,864,077 $3,757,493 $5,755,786 $2,106,584
2022 $3,275,649 $3,429,621 $3,666,127 $-153,972
2021 $3,365,235 $3,123,654 $4,080,118 $241,581
2020 $2,233,839 $2,251,030 $3,865,660 $-17,191
2019 $2,037,040 $2,027,420 $3,692,510 $9,620
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