BEACON INTERFAITH HOUSING COLLABORATIVE (EIN 411953599) - Form 990 Financial Analysis & Trantor Score

🔒

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

Financial Trends

Organization Details

Formation Year

1999

Legal Domicile

Principal Officer

CHRIS LATONDRESSE

Phone

6517896260

Tax Period

2024-07-01 to 2025-06-30

BEACON INTERFAITH HOUSING COLLABORATIVE, founded in 1999, is a mid-sized nonprofit in the Community Improvement sector that reported $16.1M in total revenue in fiscal year 2024. Revenue surged 24% from the prior year, signaling strong growth momentum. Expenses of $15.0M left a modest 7% surplus.

Mission

BEACON INTERFAITH HOUSING COLLABORATIVE (BEACON) IS A 501(C)(3) NONPROFIT ORGANIZATION AND THE LARGEST PROVIDER OF SUPPORTIVE HOUSING IN MINNESOTA. BEACON IS CHANGING THE LANDSCAPE OF HOME THROUGH THE POWER OF OUR COLLABORATIVE OF CONGREGATIONS THAT ADVOCATES TO CREATE NEW DEEPLY AFFORDABLE HOMES, INVESTS IN RESIDENTS THROUGH WRAP-AROUND SUPPORTIVE SERVICES, AND CHAMPIONS TRANSFORMATIVE POLICY SOLUTIONS TO ENSURE ALL PEOPLE HAVE A HOME. BEACON PROVIDES OVER 800 HOMES ACROSS THE TWIN CITIES - TWO-THIRDS OF WHICH ARE SUPPORTIVE HOUSING WITH ON-SITE SERVICES - AND HAS MORE THAN 200 HOMES IN DEVELOPMENT.

🔒

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%)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $9,974,870

Program Service Revenue $5,864,002

Investment Income $229,981

Other Revenue $0

TOTAL REVENUE $16,068,853

Expense Breakdown

Grants Paid $0

Salaries & Benefits $4,540,770

Fundraising Expenses $1,247,859

Program Expenses $11,982,055

Other Expenses $10,415,329

TOTAL EXPENSES $14,956,099

Year-over-Year Comparison

	2024	2023	Change
Revenue	$16,068,853	$12,930,229	+0.2%
Expenses	$14,956,099	$12,694,845	+0.2%
Net Income	$1,112,754	$235,384	+3.7%

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

Governance

Voting Members

Independent Members

Employees

Volunteers

2400

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

$372,086

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
CHARLIE FLYNN	DIRECTOR	1.00	Director	$0	$0	$0
LINDA SANDVIG	SECRETARY	1.00	Officer Director	$0	$0	$0
ADAM DUININCK	DIRECTOR	1.00	Director	$0	$0	$0
JOANNA DORNFIELD	DIRECTOR	1.00	Director	$0	$0	$0
JAMES GERTMENIAN	DIRECTOR	1.00	Director	$0	$0	$0
NANCY BURNS	CHAIR	1.00	Officer Director	$0	$0	$0
DAYMOND DEAN	DIRECTOR	1.00	Director	$0	$0	$0
LISA FRIEDMAN	DIRECTOR	1.00	Director	$0	$0	$0
LIAM HIGGINS	DIRECTOR	1.00	Director	$0	$0	$0
THERESA DOLATA	DIRECTOR	1.00	Director	$0	$0	$0
TOM ROCK	TREASURER	1.00	Officer Director	$0	$0	$0
SADIA TARANNUM	DIRECTOR	1.00	Director	$0	$0	$0
TJ TICEY	VICE CHAIR	1.00	Officer Director	$0	$0	$0
JEFF HUGGETT	DIRECTOR	1.00	Director	$0	$0	$0
CAVONTE JOHNSON	DIRECTOR	1.00	Director	$0	$0	$0
HAL REYNOLDS	DIRECTOR	1.00	Director	$0	$0	$0
REBECCA SALES	DIRECTOR	1.00	Director	$0	$0	$0
CHRIS THOMPSON	DIRECTOR	1.00	Director	$0	$0	$0
CHRIS LATONDRESSE	EXECUTIVE DIRECTOR	40.00	Officer	$224,337	$14,462	$238,799
SALIM HUSSIAN	CONTROLLER	40.00	Officer	$121,232	$12,055	$133,287
KEVIN WALKER	VP OF HOUSING	40.00	Highest	$171,450	$10,995	$182,445
BEN HELVICK	VP OF POLICY AND ORGANIZING	40.00	Highest	$119,395	$6,082	$125,477
HEIDI GOLDMAN- GRAY	VP OF ADVANCEMENT AND COMMUNICATIONS	40.00	Highest	$136,717	$12,926	$149,643
BABETTE JAMISON-VARNER	VP OF SUPPORTIVE HOUSING	40.00	Highest	$124,748	$11,111	$135,859
KYNDA STULL	DIRECTOR OF SUPPORTIVE HOUSING	40.00	Highest	$106,119	$13,553	$119,672
VANESSA ALLMON	FORMER DIRECTOR OF DEI	40.00	Highest	$109,768	$5,276	$115,044

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	$16,068,853	$14,956,099	$91,878,158	$1,112,754
2024	$12,930,229	$12,694,845	$71,753,202	$235,384
2023	$11,824,868	$12,454,432	$45,599,244	$-629,564
2022	$10,667,246	$10,115,677	$38,850,974	$551,569
2021	$9,895,334	$9,559,938	$37,810,886	$335,396
2020	$11,873,134	$9,330,550	$38,873,846	$2,542,584
2019	$8,479,910	$8,331,402	$32,389,651	$148,508

BEACON INTERFAITH HOUSING COLLABORATIVE