NORTHERN LIGHTS ALLIANCE FOR THE HOMELESS INC

EIN: 421501295 501(c)(3) Housing & Shelter

MASON CITY, IA

Total Revenue
$375,665
Total Expenses
$304,246
Total Assets
$1,267,789
Net Assets
$1,086,338
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2001
Legal Domicile
IA
Principal Officer
BARBARA HOVLAND
Phone
6414235920
Tax Period
2022-07-01 to 2023-06-30

NORTHERN LIGHTS ALLIANCE FOR THE HOMELESS INC, founded in 2001, is a small nonprofit in the Housing & Shelter sector that reported $376K in total revenue in fiscal year 2022. Revenue grew 19% year-over-year, indicating healthy expansion. The organization ran a surplus of $71K, a strong 19% operating margin.

Mission

TO PROVIDE SAFE,RESPECTFUL, TEMPORARY SHELTER FOR HOMELESS PERSONS WHERE OPTIONS FOR SELF-HELP ARE AVAILABLE AND TO MEET NEEDS NOT CURRENTLY MET BY OTHERS IN THE COMMUNITY.

Program Service Accomplishments

Program 1
Expenses: $193,125 Revenue: $13,100

PROVIDING SAFE, RESPECTFUL, TEMPORARY SHELTER FOR MALE AND FEMALE HOMELESS PERSONS AND THEIR FAMILIES WHERE OPTIONS FOR SELF-HELP ARE AVAILABLE, AND TO MEET THE NEEDS NOT CURRENTLY MET BY OTHERS.

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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 (2022)

Revenue Breakdown

Contributions & Grants $362,488
Program Service Revenue $13,100
Investment Income $77
Other Revenue $0
TOTAL REVENUE $375,665

Expense Breakdown

Grants Paid $0
Salaries & Benefits $136,157
Fundraising Expenses $37,694
Program Expenses $193,125
Other Expenses $168,089
TOTAL EXPENSES $304,246

Year-over-Year Comparison

2022 2021 Change
Revenue $375,665 $315,323 +0.2%
Expenses $304,246 $276,496 +0.1%
Net Income $71,419 $38,827 +0.8%
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

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Governance

Voting Members
7
Independent Members
7
Employees
6
Volunteers
20

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
2
$0
Total Directors
7
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
BARBARA HOVLAND PRESIDENT 3.00
Officer Director
$0 $0 $0
JOYCE WALKER SECRETARY 1.00
Officer Director
$0 $0 $0
MICHELLE ALQUIST DIRECTOR 1.00
Director
$0 $0 $0
TAMI YOUNG DIRECTOR 1.00
Director
$0 $0 $0
TERRY REAMS DIRECTOR 1.00
Director
$0 $0 $0
TERRY CARPENTER DIRECTOR 1.00
Director
$0 $0 $0
JULIE KORTH DIRECTOR 1.00
Director
$0 $0 $0
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 No data No data No data No data
2023 $375,665 $304,246 $1,267,789 $71,419
2022 $315,323 $276,496 $1,228,984 $38,827
2021 $386,301 $300,684 $1,213,172 $85,617
2020 $316,775 $284,934 $1,187,434 $31,841
2019 $318,798 $372,039 $1,149,786 $-53,241
2018 $386,848 $380,181 $1,227,343 $6,667
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