HAVEN FOR HEROES INC

EIN: 832869110 501(c)(3) Housing & Shelter

Anoka, MN

Total Revenue
$199,028
Total Expenses
$81,600
Total Assets
$1,232,533
Net Assets
$1,232,533
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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
2018
Legal Domicile
MN
Principal Officer
BART WARD
Phone
7636006142
Tax Period
2024-01-01 to 2024-12-31

HAVEN FOR HEROES INC, founded in 2018, is a small nonprofit in the Housing & Shelter sector that reported $199K in total revenue in fiscal year 2024. Revenue fell 30% from the prior year — a significant decline worth monitoring. The organization ran a surplus of $117K, a strong 59% operating margin.

Mission

PLACE OF REFUGE FOR VETERANS AND THEIR FAMILIES WHO NEED AID

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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 $162,983
Program Service Revenue $0
Investment Income $47,310
Other Revenue $-11,265
TOTAL REVENUE $199,028

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $172,837
Other Expenses $81,600
TOTAL EXPENSES $81,600

Year-over-Year Comparison

2024 2023 Change
Revenue $199,028 $282,673 -0.3%
Expenses $81,600 $77,178 +0.1%
Net Income $117,428 $205,495 -0.4%
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
N/A
Independent Members
N/A
Employees
N/A
Volunteers
N/A

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
3
$0
Total Directors
0
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
BART AND ELLEN WARD OFFICER 10.00
Officer
$0 $0 $0
JIM AND BARB ABELER OFFICER 10.00
Officer
$0 $0 $0
DOUG HOOKUM OFFICER 10.00
Officer
$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 $199,028 $81,600 $1,232,533 $117,428
2023 $282,673 $77,178 $1,115,105 $205,495
2022 $213,272 $79,927 $910,554 $133,345
2021 $293,242 $69,786 $777,209 $223,456
2020 $355,140 $65,306 $586,634 $289,834
2019 $483,729 $313,907 $289,970 $169,822
2018 $106,587 $12,351 $94,236 $94,236
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