The Housing Partnership Network Inc
- Assets
- $48.9m
- Revenue
- $28.4m
- Investments
- $0.0
- Employees
- 52
- Location
- Boston, MA
- Founding
- 06/1993
- Data as of
- 12/2023
- EIN
- 04-3172401
Organization Overview
The Housing Partnership Network Inc is located in Boston, MA. The organization was established in 1993. According to its NTEE Classification (L99) the organization is classified as: Housing & Shelter N.E.C., under the broad grouping of Housing & Shelter and related organizations. As of 12/2023, Housing Partnership Network Inc employed 52 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Housing Partnership Network Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2023, Housing Partnership Network Inc generated $28.4m in total revenue. This organization has experienced exceptional growth, as over the past 9 years, it has increased revenue by an average of 11.6% each year . All expenses for the organization totaled $18.9m during the year ending 12/2023. While expenses have increased by 5.6% per year over the past 9 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Housing Partnership Network Inc has awarded 277 individual grants totaling $16,674,493. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
THROUGH PRACTITIONER-DRIVEN PEER EXCHANGE, POLICY AND INNOVATION, THE HOUSING PARTNERSHIP NETWORK'S MISSION IS TO LEVERAGE THE INDIVIDUAL STRENGTHS AND MOBILIZE THE COLLECTIVE POWER OF OUR MEMBER ORGANIZATIONS. OUR VISION IS THAT ALL PEOPLE LIVE IN VIBRANT AND INCLUSIVE COMMUNITIES WHERE ACCESS TO AFFORDABLE HOMES CREATES OPPORTUNITY AND ECONOMIC MOBILITY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO SUPPORT AND ADVOCATE COMMUNITY BASED EFFORTS FOR THE EXPANSION OF AFFORDABLE HOUSING OPPORTUNITIES AND THE REVITALIZATION OF COMMUNITIES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Robin Hughes President And CEO | OfficerTrustee | 40 | $483,404 |
Charles Wehrwein Chief Operating Officer | Officer | 40 | $332,308 |
Lisa Alberghini Clerk & Evp, Peer Exchange | Officer | 40 | $327,106 |
Eric Chatman Chief Financial Officer | Officer | 40 | $308,567 |
Kim Dempsey Evp, Capital Markets | Officer | 40 | $280,781 |
Paul Downing VP Of Ops And Info Systems | 40 | $223,817 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Project Destined Education Resources Professional Consultant | 12/30/23 | $360,000 |
Davidoff Mission Driven Business Strateg Professional Consultant | 12/30/23 | $114,100 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $1,277,109 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $1,206,889 |
| All other contributions, gifts, grants, and similar amounts not included above | $19,443,590 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $21,927,588 |
| Total Program Service Revenue | $5,807,464 |
| Investment income | $515,493 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $28,438,558 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $1,671,425 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $1,977,830 |
| Compensation of current officers, directors, key employees. | $573,571 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $6,704,651 |
| Pension plan accruals and contributions | $539,607 |
| Other employee benefits | $641,899 |
| Payroll taxes | $551,355 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $175,139 |
| Fees for services: Accounting | $61,450 |
| Fees for services: Lobbying | $9,518 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $2,854,084 |
| Advertising and promotion | $0 |
| Office expenses | $130,739 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $576,946 |
| Travel | $411,398 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $554,675 |
| Interest | $684,307 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $93,541 |
| Insurance | $89,042 |
| All other expenses | $80,271 |
| Total functional expenses | $18,857,414 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,085,401 |
| Savings and temporary cash investments | $20,128,430 |
| Pledges and grants receivable | $659,197 |
| Accounts receivable, net | $728,048 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $324,432 |
| Net Land, buildings, and equipment | $31,461 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $20,616,771 |
| Intangible assets | $0 |
| Other assets | $4,335,174 |
| Total assets | $48,908,914 |
| Accounts payable and accrued expenses | $2,701,685 |
| Grants payable | $0 |
| Deferred revenue | $148,670 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $22,272,727 |
| Other liabilities | $4,154,841 |
| Total liabilities | $29,277,923 |
| Net assets without donor restrictions | $15,690,316 |
| Net assets with donor restrictions | $3,940,675 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $48,908,914 |
Grants Awarded
Over the last fiscal year, The Housing Partnership Network Inc has awarded $1,497,663 in support to 34 organizations.
| Grant Recipient | Amount |
|---|---|
FEDERATION OF APPALACHIAN HOUSING ENTERPRISES INC PURPOSE: HOUSING COUNSELING PROGRAM & ADMINISTRATION | $100,000 |
CHN HOUSING PARTNERS PURPOSE: HOUSING COUNSELING PROGRAM & ADMINISTRATION | $70,701 |
FEDERATION OF APPALACHIAN HOUSING ENTERPRISES INC PURPOSE: HOUSING COUNSELING PROGRAM & ADMINISTRATION | $50,000 |
COME DREAM COME BUILD (CDCB) PURPOSE: HOUSING COUNSELING PROGRAM & ADMINISTRATION | $56,908 |
COMMUNITY HOUSING PARTNERS CORPORATION PURPOSE: HOUSING COUNSELING PROGRAM & ADMINISTRATION | $29,875 |
HOUSING CHANNEL PURPOSE: HOUSING COUNSELING PROGRAM & ADMINISTRATION | $49,462 |