BEACON INTERFAITH HOUSING COLLABOR… - Form 990 Financial Data

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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

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

AS A COLLABORATIVE OF CONGREGATIONS UNITED IN ACTION WE CREATE HOMES AND ADVANCE EQUITABLE HOUSING.

Program Service Accomplishments

Program 1

Expenses: $10,780,083 Revenue: $4,166,062

HOUSING OPERATION: BEACON OFFERS A RANGE OF AFFORDABLE HOUSING AND SERVICES TO MEET THE NEEDS OF VULNERABLE MEMBERS OF OUR COMMUNITY. WE ARE THE LARGEST OWNER/OPERATOR OF SUPPORTIVE HOUSING IN THE...

HOUSING OPERATION: BEACON OFFERS A RANGE OF AFFORDABLE HOUSING AND SERVICES TO MEET THE NEEDS OF VULNERABLE MEMBERS OF OUR COMMUNITY. WE ARE THE LARGEST OWNER/OPERATOR OF SUPPORTIVE HOUSING IN THE STATE OF MINNESOTA. WE OPERATE NEARLY 800 QUALITY, AFFORDABLE HOMES FOR MORE THAN 1000 PEOPLE AT 24 PROPERTIES ACROSS THE TWIN CITIES METRO AREA. THE MAJORITY OF OUR HOUSING SERVES HOUSEHOLDS EARNING LESS THAN 30 PERCENT OF THE COMMUNITY'S AREA MEDIAN INCOME (AMI). SUPPORTIVE HOUSING SERVICES ARE PROVIDED TO OVER 600 HOUSEHOLDS IN BEACON HOUSING TO HELP YOUTH, SINGLE ADULTS, FAMILIES AND SENIORS SUCCESSFULLY EXIT OR AVOID HOMELESSNESS.

Program 2

Expenses: $819,153 Revenue: $1,679,504

HOUSING DEVELOPMENT: BEACON IS AMONG THE LEADING DEVELOPERS OF DEEPLY AFFORDABLE, SUPPORTIVE HOUSING IN THE TWIN CITIES METRO AREA. BEACON'S UNIQUE COLLABORATIVE MODEL ACTIVATES THE ENERGY, RESOURCES AND LEADERSHIP OF CONGREGATIONS TO CREATE HOUSING. WE LEVERAGE PRIVATE CONTRIBUTIONS TO SECURE ADDITIONAL PUBLIC FUNDING AND CAPITAL COMMITMENTS AND HAVE DEVELOPED OVER 800 HOMES AT 26 PROPERTIES TO DATE. BEACON HAS OVER 200 HOMES IN VARIOUS STAGES OF DEVELOPMENT AT SEVEN LOCATIONS ACROSS THE TWIN CITIES METRO.

Program 3

Expenses: $382,819 Revenue: $18,436

POLICY: WHEN ALL PEOPLE HAVE ACCESS TO STABLE HOUSING, OUR COMMUNITIES ARE STRONGER AND HEALTHIER. AS A COLLABORATIVE OF CONGREGATIONS BEACON WORKS FOR TRANSFORM PUBLIC POLICY SO THAT ALL PEOPLE HAVE A HOME. WE GALVANIZE INDIVIDUAL ADVOCATES, FAITH COMMUNITIES AND PEER ORGANIZATIONS TOWARDS POLICY SOLUTIONS AT THE LOCAL AND STATE LEVEL TO UNLOCK MORE RESOURCES FOR SUPPORTIVE HOUSING. BEACON ADVOCATES HAVE BEEN THE CATALYST TO BIG POLICY VICTORIES LIKE PASSING A METRO WIDE SALES TAX FOR HOUSING, CREATING THE NEW STATE RENTAL ASSISTANCE PROGRAM, BRING IT HOME, MINNESOTA, AND EXPANDING LOCAL INVESTMENTS FOR SUPPORTIVE HOUSING IN HENNEPIN COUNTY AND THE CITY OF MINNEAPOLIS.

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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 (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

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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

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