DOWN HOME

EIN: 823635989 501(c)(3)

FARGO, ND

Total Revenue
$856,145
Total Expenses
$707,187
Total Assets
$603,238
Net Assets
$603,238
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2017
Legal Domicile
MN
Principal Officer
JENESSA FILLIPI
Phone
7015321488
Tax Period
2024-01-01 to 2024-12-31

DOWN HOME, founded in 2017, is a small nonprofit that reported $856K in total revenue in fiscal year 2024. Revenue surged 51% from the prior year, signaling strong growth momentum. The organization ran a surplus of $149K, a strong 17% operating margin.

Mission

DOWN HOME EMPOWERS LIVES AND STABILIZES THOSE EMERGING FROM HOMELESSNESS BY FURNISHING HOMES, STRENGTHENING CONNECTIONS, AND TRANSFORMING COMMUNITIES.

Program Service Accomplishments

Program 1
Expenses: $474,277

ENTERING HOUSING IS AN IMPORTANT STEP IN THE JOURNEY OF EMERGING FROM HOMELESSNESS, YET FOUR WALLS ARE NOT ENOUGH TO SOLVE THE PROBLEM. DOWN HOME (DH) HELPS END THE CYCLE OF HOMELESSNESS BY CREATING...

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ENTERING HOUSING IS AN IMPORTANT STEP IN THE JOURNEY OF EMERGING FROM HOMELESSNESS, YET FOUR WALLS ARE NOT ENOUGH TO SOLVE THE PROBLEM. DOWN HOME (DH) HELPS END THE CYCLE OF HOMELESSNESS BY CREATING HOMES AND A COMMUNITY WHERE FAMILIES AND INDIVIDUALS FIND COMFORT, DIGNITY, STABILITY, AND CONNECTION. IN 2024, A YEAR OF GROWTH, THE DH TEAM SERVED 41 NEW FAMILIES, IMPACTING 125 MEN, WOMEN, AND CHILDREN. THIS WAS MADE POSSIBLE THROUGH THE DEDICATION OF 359 VOLUNTEERS AND THE GENEROSITY OF 863 DONORS. OUR COMMITMENT TO OPERATIONAL EXCELLENCE LED TO INCREASED WAREHOUSE SAFETY AND EFFICIENCY, AND WE EXPANDED OUR TEAM BY WELCOMING ONE NEW STAFF MEMBER. THE IMPACT OF DOWN HOME'S WORK IS REFLECTED IN THE VOICES OF THOSE WHOM WE SERVE. IN 2024, 100% OF CLIENTS REPORTED THAT DOWN HOME PROVIDED THEIR FAMILY WITH SECURITY, COMFORT, COMMUNITY CONNECTION, AND RELIEF FROM FINANCIAL STRESSORS. ALL OUR CLIENTS FACE SIGNIFICANT FINANCIAL CHALLENGES, WITH 100% LIVING BELOW THE POVERTY THRESHOLD. ADDITIONALLY, 95% HAVE AN ANNUAL INCOME OF LESS THAN $35,000, APPROXIMATELY 80% ARE SINGLE MOTHERS, AND 85% HAVE EXPERIENCED DOMESTIC VIOLENCE, MENTAL HEALTH STRUGGLES, AND/OR SUBSTANCE ABUSE AS A PAST TRAUMA OR CATALYST FOR HOMELESSNESS. OUR COMMITMENT EXTENDS BEYOND MOVE-IN DAY. DURING THE FIRST YEAR AFTER THEIR HOME REVEAL AND BEYOND, WE MAINTAIN INTENTIONAL COMMUNICATION AND PROVIDE ONGOING SUPPORT TO THOSE WELCOMED INTO THE DOWN HOME FAMILY. IN THE LAST YEAR, 100% OF THOSE SERVED HAVE REMAINED ENGAGED THROUGH FOLLOW-UPS AND HAVE ACCEPTED ADDITIONAL RESOURCES. THESE RESOURCES INCLUDE PARTNERSHIPS THAT PROVIDE A YEAR OF FREE INTERNET, BIRTHDAY CELEBRATION PACKAGES, TRANSPORTATION SUPPORT, AND AN ANNUAL CHRISTMAS CELEBRATION. DOWN HOME REMAINS DEDICATED TO BREAKING THE CYCLE OF HOMELESSNESS BY ENSURING THAT EVERY PERSON WE SERVE FINDS NOT JUST A HOUSE, BUT A HOME AND A COMMUNITY THAT SUPPORTS THEIR JOURNEY TO STABILITY AND SELF-SUFFICIENCY.

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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 (2024)

Revenue Breakdown

Contributions & Grants $684,816
Program Service Revenue $0
Investment Income $3,526
Other Revenue $167,803
TOTAL REVENUE $856,145

Expense Breakdown

Grants Paid $0
Salaries & Benefits $328,887
Fundraising Expenses $0
Program Expenses $474,277
Other Expenses $378,300
TOTAL EXPENSES $707,187

Year-over-Year Comparison

2024 2023 Change
Revenue $856,145 $565,533 +0.5%
Expenses $707,187 $522,396 +0.4%
Net Income $148,958 $43,137 +2.5%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Governance

Voting Members
9
Independent Members
7
Employees
9
Volunteers
359

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
4
$73,932
Total Directors
9
$73,932
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
JACOB FILLIPI MEMBER 1.00
Director
$0 $0 $0
BRENT WERSINGER MEMBER 1.00
Director
$0 $0 $0
KRISTIE EID SECRETARY 1.00
Officer Director
$0 $0 $0
JILL WASLASKI CHAIR 1.00
Officer Director
$0 $0 $0
JEREMY WELSAND TREASURER 1.00
Officer Director
$0 $0 $0
ANGELA LORD MEMBER 1.00
Director
$0 $0 $0
BRITTANEY VANDERHAGEN MEMBER 1.00
Director
$0 $0 $0
DAN SEEFELDT MEMBER 1.00
Director
$0 $0 $0
JENESSA FILLIPI PRESIDENT/EXECUTIVE DIRECT 1.00
Officer Director
$73,932 $0 $73,932
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
2024 $856,145 $707,187 $603,238 $148,958
2023 $565,533 $522,396 $453,539 $43,137
2022 $470,626 $382,073 $394,812 $88,553
2021 $439,143 $302,380 $315,792 $136,763
2020 $334,992 $219,177 $179,503 $115,815
2019 $217,986 $183,630 $63,688 $34,356
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