Cardinal Housing Network Inc

EIN: 991494577 501(c)(3) Housing & Shelter

LAWRENCE, KS

Total Revenue
$738,989
Total Expenses
$615,433
Total Assets
$176,571
Net Assets
$176,571
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Financial Trends

Organization Details

Formation Year
2024
Legal Domicile
KS
Principal Officer
Hannah Bolton
Phone
7852183884
Tax Period
2025-01-01 to 2025-12-31

Cardinal Housing Network Inc, founded in 2024, is a small nonprofit in the Housing & Shelter sector that reported $739K in total revenue in fiscal year 2025. Revenue surged 392% from the prior year, signaling strong growth momentum. The organization ran a surplus of $124K, a strong 17% operating margin.

Mission

Cardinal Housing Networks mission is to improve the safety and welfare of our community by equipping each resident of our transitional housing program with the resources needed to succeed in their recovery journey in a trauma-informed and accountability-driven environment.

Program Service Accomplishments

Program 1
Expenses: $190,717 Revenue: $24,318

Cardinal Housing Network opened the first group home in late May 2025 to house 10 individuals in early substance use disorder recovery. The organization served 14 unique individuals in FY 2025...

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Cardinal Housing Network opened the first group home in late May 2025 to house 10 individuals in early substance use disorder recovery. The organization served 14 unique individuals in FY 2025 providing wrap around services for vulnerable populations through community partnerships. The organization received grant funding to support two salaried positions an in-home healthy meal program transportation services and funds to provide basic needs for residents. The data indicates reduced recidivism of incarceration and emergency health services including the ER.

Program 2
Expenses: $424,716 Revenue: $0

Cardinal Housing Network underwent a major rehabilitation to bring an additional property under property management and spent 424,716 in FY 2025. This dollar amount reflects safety measures that were...

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Cardinal Housing Network underwent a major rehabilitation to bring an additional property under property management and spent 424,716 in FY 2025. This dollar amount reflects safety measures that were incorporated at the group home fire suppression fire alarm ADA compliance and safety and energy efficient efforts at the new property that serves single female headed households.

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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 (2025)

Revenue Breakdown

Contributions & Grants $331,674
Program Service Revenue $383,000
Investment Income $0
Other Revenue $24,315
TOTAL REVENUE $738,989

Expense Breakdown

Grants Paid $0
Salaries & Benefits $138,811
Fundraising Expenses $0
Program Expenses $615,433
Other Expenses $476,622
TOTAL EXPENSES $615,433

Year-over-Year Comparison

2025 2024 Change
Revenue $738,989 $150,200 +3.9%
Expenses $615,433 $97,185 +5.3%
Net Income $123,556 $53,015 +1.3%
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

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Liquidity & Cash Position

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Governance

Voting Members
4
Independent Members
4
Employees
2
Volunteers
5

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
0
$0
Total Directors
4
$0
Key Employees
1
$62,500
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Mary Marlys Shulda Board President 0.50
Director
$0 $0 $0
Alek Joyce Board Treasurer 0.50
Director
$0 $0 $0
Kathryn Frick Board Secretary 0.50
Director
$0 $0 $0
Rebecca Sudja Board Member 0.50
Director
$0 $0 $0
Hannah Bolton Program Director 70.00
Key Emp
$62,500 $0 $62,500
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 $738,989 $615,433 $176,571 $123,556
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