HOMESERVICES FOUNDATION FOR HOUSING EQUITY

EIN: 854134903 501(c)(3) Philanthropy & Grantmaking

EDINA, MN

Total Revenue
$230,609
Total Expenses
$20,701
Total Assets
$276,583
Net Assets
$276,583
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2020
Legal Domicile
MN
Principal Officer
DANA STRANDMO
Phone
6123365113
Tax Period
2023-01-01 to 2023-12-31

HOMESERVICES FOUNDATION FOR HOUSING EQUITY, founded in 2020, is a small nonprofit in the Philanthropy & Grantmaking sector that reported $231K in total revenue in fiscal year 2023. The organization ran a surplus of $210K, a strong 91% operating margin.

Mission

INCREASING HOMEOWNSHIP AND GENERATIONAL WEALTH FOR PEOPLE OF COLOR THROUGH EDUCATION, INVESTING IN PEOPLE, FINANCIAL ASSISTANCE AND COMMUNITY REINVESTMENT.

Program Service Accomplishments

Program 1
Expenses: $18,500

THE GOAL OF THE FOUNDATION IS TO BRING AWARENESS TO INEQUITIES IN REAL ESTATE. THE FOUNDATION IS HELPING BACK THE SHORT SERIES "SHAME OF CHICAGO", WHICH GOES OVER THE HISTORICAL SEGREGATION IN...

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THE GOAL OF THE FOUNDATION IS TO BRING AWARENESS TO INEQUITIES IN REAL ESTATE. THE FOUNDATION IS HELPING BACK THE SHORT SERIES "SHAME OF CHICAGO", WHICH GOES OVER THE HISTORICAL SEGREGATION IN CHICAGO AND HOW OTHER CITIES COPIED THEIR TACTICS.

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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 (2023)

Revenue Breakdown

Contributions & Grants $230,609
Program Service Revenue $0
Investment Income $0
Other Revenue $0
TOTAL REVENUE $230,609

Expense Breakdown

Grants Paid $16,000
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $18,500
Other Expenses $4,701
TOTAL EXPENSES $20,701

Year-over-Year Comparison

2023 2022 Change
Revenue $230,609 $217,724 +0.1%
Expenses $20,701 $151,049 -0.9%
Net Income $209,908 $66,675 +2.1%
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
9

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
7
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
DANA STRANDMO CEO 2.50
Officer Director
$0 $0 $0
MIKE BROWNE DIRECTOR-GOVERNANCE 2.50
Officer Director
$0 $0 $0
FABIAN GAYOSSO DIRECTOR-MARKETING 2.50
Director
$0 $0 $0
APRIL ALEXANDER DIRECTOR-GRANTS 2.50
Director
$0 $0 $0
DESRIE VAN PUTTEN DIRECTOR-EDUCATION 2.50
Director
$0 $0 $0
GRETCHEN ROSENBERG DIRECTOR-FUNDRAISING 2.50
Director
$0 $0 $0
ALEX SEAVALL CFO 2.50
Officer 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
2024 No data No data No data No data
2023 $230,609 $20,701 $276,583 $209,908
2022 $217,724 $151,049 $66,675 $66,675
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