Clare Housing
- Assets
- $10.7m
- Revenue
- $6.8m
- Investments
- $0.0
- Employees
- 124
- Location
- Minneapolis, MN
- Founding
- 05/1995
- Data as of
- 12/2023
- EIN
- 41-1794924
Organization Overview
Clare Housing is located in Minneapolis, MN. The organization was established in 1995. According to its NTEE Classification (P74) the organization is classified as: Hospices, under the broad grouping of Human Services and related organizations. As of 12/2023, Clare Housing employed 124 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Clare Housing 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, Clare Housing generated $6.8m in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 6.0% each year. All expenses for the organization totaled $7.2m during the year ending 12/2023. While expenses have increased by 8.3% 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE SERVICES, HOUSING AND COMPASSIONATE CARE TO PERSONS LIVING WITH AIDS AND HIV.
Describe the Organization's Program Activity:
Part 3 - Line 4a
COMMUNITY CARE HOMES: FOUR COMMUNITY-BASED CARE HOMES THAT ARE STAFFED 24/7, EACH SERVING FOUR RESIDENTS WHO ARE HIV POSITIVE, SIGNIFICANTLY DISABLED AND OFTEN NEED RELIABLE CARE AND SUPPORT TO LIVE OUTSIDE OF A NURSING HOME. STAFF PROVIDES REHABILITATION SUPPORT TO THOSE NEEDING TO STABILIZE THEIR HEALTH BEFORE RETURNING TO INDEPENDENT LIVING AND LONG TERM CARE TO THOSE DISABLED BY HIV/AIDS. ADDITIONALLY, CLARE HOUSING PROVIDES END OF LIFE CARE TO THOSE AT THE TERMINAL STAGE OF THE DISEASE. STAFF ALSO ASSISTS THOSE WHO NEED A DEEPER LEVEL OF CARE BECAUSE OF DEMENTIA AND MENTAL HEALTH CONDITIONS, PHYSICAL FRAILTY, INABILITY TO MANAGE HOUSEHOLD ACTIVITIES, TAKE PRESCRIBED MEDICATIONS AND PREPARE ADEQUATE NUTRITION.
CLARE APARTMENTS: CLARE APARTMENTS CONSISTS OF A 32 UNIT SUPPORTIVE HOUSING COMMUNITY. RESIDENTS COME FROM BACKGROUNDS OF LIVING WITH HIV, EXTREME POVERTY, AND HOMELESSNESS. IN ADDITION, MANY HAVE A MENTAL HEALTH DIAGNOSIS AND/OR HISTORIES OF CHEMICAL ADDICTION. RESIDENTS ARE OFFERED NETWORKED SUPPORT SERVICES WITH 24-HOUR ACCESS TO STAFF. THERE IS DEVELOPMENT, COORDINATION, AND MONITORING OF AN INDIVIDUALIZED SUPPORTIVE SERVICES PROGRAM FOR EACH RESIDENT. SERVICES INCLUDE MEDICATION ASSISTANCE, ASSISTANCE WITH PERSONAL CARE, HOUSEKEEPING, MEAL PREPARATION, SCHEDULING APPOINTMENTS, INFORMATION, SUPPORT AND REFERRALS.
SUPPORTIVE HOUSING: PERMANENT, AFFORDABLE SERVICE-ENRICHED HOUSING FOR 149 LOW-INCOME RESIDENTS WHO ARE FORMERLY OR AT RISK OF HOMELESSNESS AT FOUR SUPPORTIVE HOUSING SITES: CLARE APARTMENTS, CLARE MIDTOWN, CLARE TERRACE, AND CLARE MARSHALL FLATS. THESE SITES ALSO PROVIDE HOME CARE OPPORTUNITIES FOR RESIDENTS WHO REQUIRE A HIGHER LEVEL OF SUPPORT, SUCH AS, NURSING CARE, MEDICATION ADMINISTRATION, HANDS ON ASSISTANCE WITH ACTIVITIES OF DAILY LIVING, AND BUILDING INDEPENDENT LIVING SKILLS FOR THOSE LIVING WITH HIV/AIDS.
SCATTERED SITE HOUSING: CLARE HOUSING PROVIDED SCATTERED-SITE SUPPORTIVE HOUSING FOR 42 HOUSEHOLDS THROUGHOUT THE TWIN CITIES METRO AREA. HOUSING IS PROVIDED FOR HOUSEHOLDS THAT MEET THE STATE OF MINNESOTA'S DEFINITION OF LONG TERM HOMELESSNESS, WITH A TARGET POPULATION OF INDIVIDUALS AND FAMILIES THAT ARE LIVING WITH HIV/AIDS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Mark Lasswell Chair | OfficerTrustee | 2 | $0 |
Amrita Naimpally Vice Chair | OfficerTrustee | 2 | $0 |
Kelsey Vatsaas Treasurer | OfficerTrustee | 2 | $0 |
Brian Harrison Secretary | OfficerTrustee | 2 | $0 |
Bill Murtaugh Board Member | Trustee | 1 | $0 |
Kevin Deese Board Member | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Frerichs Constructions Renovations At Damiano | 12/30/22 | $218,108 |
Clifton Larson Allen Llp Accounting | 12/30/22 | $189,373 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $75,000 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $1,986,884 |
| All other contributions, gifts, grants, and similar amounts not included above | $851,313 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,913,197 |
| Total Program Service Revenue | $3,743,058 |
| Investment income | $147,343 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$43,737 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $6,759,861 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| 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. | $153,605 |
| Compensation of current officers, directors, key employees. | $61,441 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $3,923,896 |
| Pension plan accruals and contributions | $106,572 |
| Other employee benefits | $481,000 |
| Payroll taxes | $311,515 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $111,130 |
| Fees for services: Lobbying | $29,508 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $19,840 |
| Fees for services: Other | $203,000 |
| Advertising and promotion | $0 |
| Office expenses | $159,230 |
| Information technology | $126,547 |
| Royalties | $0 |
| Occupancy | $115,849 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $17,507 |
| Interest | $7,509 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $200,893 |
| Insurance | $64,265 |
| All other expenses | $64,979 |
| Total functional expenses | $7,184,341 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $221,693 |
| Savings and temporary cash investments | $187,487 |
| Pledges and grants receivable | $668,350 |
| Accounts receivable, net | $313,050 |
| 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 | $115,371 |
| Net Land, buildings, and equipment | $4,491,712 |
| Investments—publicly traded securities | $2,975,849 |
| Investments—other securities | $0 |
| Investments—program-related | $1,740,507 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $10,714,019 |
| Accounts payable and accrued expenses | $460,314 |
| Grants payable | $0 |
| Deferred revenue | $31,640 |
| 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 | $1,510,922 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $117,172 |
| Total liabilities | $2,120,048 |
| Net assets without donor restrictions | $5,566,666 |
| Net assets with donor restrictions | $3,027,305 |
| 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 | $10,714,019 |