Housing Link is located in Minneapolis, MN. The organization was established in 1998. According to its NTEE Classification (L20) the organization is classified as: Housing Development, Construction & Management, under the broad grouping of Housing & Shelter and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Housing Link 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 12/2021, Housing Link generated $1.7m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 19.4% each year . All expenses for the organization totaled $1.7m during the year ending 12/2021. While expenses have increased by 13.2% per year over the past 7 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
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
PROVIDING AFFORDABLE RENTAL HOUSING INFORMATION FOR LOW-TO-MODERATE INCOME RENTERS.
Describe the Organization's Program Activity:
HOUSINGLINK HAS BEEN PROVIDING AFFORDABLE RENTAL HOUSING INFORMATION IN THE TWIN CITIES FOR TWENTY YEARS AND IS RECOGNIZED AS THE PRIMARY PLACE TO ACCESS HOUSING OPTIONS FOR LOW-TO-MODERATE INCOME RENTERS. IN ADDITION TO PROVIDING EASY ACCESS TO AFFORDABLE HOUSING WAITING LISTS AND VACANCIES, HOUSINGLINK IS AN ESTEEMED DATA PROVIDER TO A LARGE GROUP OF STAKEHOLDERS THROUGHOUT MINNESOTA. CENTRALIZED, EASY ACCESS TO INFORMATION ABOUT THE SUPPLY AND LOCATION OF AFFORDABLE HOUSING INFORMATION IS VITAL TO ENSURE THAT COMMUNITY DECISIONS ARE WELL-INFORMED, AND THAT LOW-INCOME HOUSEHOLDS ARE EMPOWERED TO OBTAIN HOUSING IN THEIR LOCATIONS OF CHOICE. CONTINUED ON SCHEDULE O. HOUSINGLINK (WWW.HOUSINGLINK.ORG) CONNECTS RENTERS TO THE RELEVANT, VITAL INFORMATION THEY NEED TO FIND THE APPROPRIATE AFFORDABLE HOME FOR THEIR HOUSEHOLD AND STREAMLINES THE PROCESS FOR ADVERTISING UNITS TO RENTERS. SPECIFICALLY, OUR HOUSING SEARCH TOOL IS ONLINE AND ALLOWS USERS TO FIND AFFORDABLE VACANCIES AND WAITING LISTS. OVER 1.5 MILLION SEARCHES FOR AFFORDABLE HOUSING WERE PERFORMED USING OUR WEBSITE DURING 2021. TYPICALLY, RENTERS ARE ABLE TO LOCATE THE INFORMATION THEY NEED IN LESS THAN FIVE MINUTES.THE FOLLOWING HOUSINGLINK ACTIVITY OCCURRED IN 2021: * 1,534,808 SEARCHES FOR AFFORDABLE HOUSING * 25,537 AFFORDABLE VACANCIES & WAITING LIST OPENINGS LISTED * 2,661,449 PAGE VIEWS OF HOUSING RESOURCES * 35,183 VISITS FOR SUBSIDIZED HOUSING INFORMATION * 88,083 VIEWS OF HOUSING AUTHORITY WAITING LIST STATUS * 83% OF LISTINGS THAT WOULD CONSIDER A SECTION 8 VOUCHER IN 2021 * 18,000+ VISITS FOR FAIR HOUSING INFORMATION * 23,527,121 NOTIFICATIONS OF HOUSING OPENINGS SENT THROUGH 2021HOUSINGLINK PROVIDES INFORMATION ON THE SUPPLY AND LOCATION OF PUBLICLY FUNDED AFFORDABLE HOUSING THROUGH REPORTS AND A PUBLICLY AVAILABLE ONLINE DATABASE CALLED STREAMS. STREAMS (WWW.HOUSINGLINK.ORG/STREAMS) INCLUDES PROPERTIES AND AFFORDABLE UNITS WITH PUBLIC FINANCING. STREAMS IS USED BY RESEARCHERS AND COMMUNITY PLANNERS AND POLICYMAKERS INVOLVED IN PROJECT PLANNING. OUR DATA AND RESEARCH CAPACITY LED US TO PRODUCE THE HOUSING MEASURES REPORT FOR THE MCKNIGHT FOUNDATION. STREAMS DATA IS UPDATED ANNUALLY TO REFLECT THE MOST CURRENT INFORMATION. WE PUBLISH TWIN CITIES RENTAL REVENUE, A SUBSCRIBER-BASED QUARTERLY REPORT THAT COMPARES MARKET RATE SHADOW (RENTAL HOUSES, DUPLEXES, CONDOS, AND TOWNHOMES) AND APARTMENT MARKET RENTS FOR THE SEVEN COUNTY METRO AREA. THIS REPORT IS URNING INTO A SUCCESSFUL EARNED INCOME VENTURE FOR HOUSINGLINK. WE AVERAGE 30 SUBSCRIBERS ANNUALLY; MAINLY RECURRING SUBSCRIPTIONS WHICH HELP SUPPORT OUR GENERAL OPERATIONS. HOUSINGLINK ALSO PUBLISHES A RENTAL HOUSING BRIEF FOR THE CITIES OF MINNEAPOLIS AND SAINT PAUL WHICH TRACKS KEY METRICS ON AFFORDABLE RENTAL HOUSING IN THE COMMUNITY TO INFORM POLICYMAKING. HOUSINGLINK'S STRATEGIC PLAN INCLUDES THE FOLLOWING STRATEGIC PRIORITIES FOR 2022-2026. * PURPOSEFULLY ARTICULATE THE VALUE AND BENEFIT OF HOUSINGLINK. * USING NEW AND EXISTING TECHNOLOGY SOLUTIONS, CONTINUE EXPANDING AFFORDABLE RENTAL HOUSING OPTIONS. * MAKE HOUSINGLINK DATA AND RESEARCH MORE ACCESSIBLE TO IMPROVE COMMUNITY KNOWLEDGE ABOUT RENTAL HOUSING. * DEEPEN CONNECTIONS TO AND DEVELOP RESOURCES FOR DIY PROPERTY OWNERS. * CONTINUE STRATEGIC EXPANSION. * BUILD INTENTIONAL CONNECTIONS AND DEEPEN WORK IN GREATER MINNESOTA.
HOUSINGLINK WAS PART OF THE ZERO BALANCE PROJECT, A PROGRAM DESIGNED TO DISTRIBUTE FEDERAL EMERGENCY RENTAL ASSISTANCE (ERA) ESTABLISHED IN 2021 WITH POOLED FUNDING PROVIDED BY THE COUNTIES OF DAKOTA, HENNEPIN, AND RAMSEY AND THE CITIES OF MINNEAPOLIS AND SAINT PAUL (JURISDICTIONS). AS OF THE CLOSE OF THE ZERO BALANCE PROJECT ON MARCH 11, 2022, $29,674,914 IN RENTAL ASSISTANCE HAD BEEN PROVIDED TO 4,084 HOUSEHOLDS, FOR AN AVERAGE OF $7,266 PER HOUSEHOLD COVERING AN AVERAGE OF 7.2 MONTHS OF RENT.CONTINUED ON SCHEDULE O.THE BEYOND BACKGROUNDS PROGRAM HELPS RENTERS WITH BARRIERS (CRIMINAL CONVICTION, EVICTION, BAD CREDIT) BY PAIRING THE RENTER WITH A LANDLORD RISK MITIGATION FUND TO HELP THEM GET INTO A RENTAL HOME. THERE HAVE BEEN 538 RENTERS HOUSED, WITH 16 RISK FUND CLAIMS PAID TO LANDLORDS SINCE THE PROGRAM BEGAN IN NOVEMBER 2017.
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Susan Speakman-Gomez President | Officer | 40 | $114,234 |
Richard Galster Technology Manager | 40 | $107,275 | |
Wes Johnson Treasurer | OfficerTrustee | 1 | $0 |
Michael Grover Vice Chair | OfficerTrustee | 1 | $0 |
Katie Topinka Chair | OfficerTrustee | 1 | $0 |
Laura Benson Secretary | OfficerTrustee | 1 | $0 |
Vendor Name (Service) | Service Year | Compensation |
---|---|---|
Insperity Peo Services Lp Co-employer | 12/30/21 | $882,026 |
Office Teamrobert Half Outsourced Labor | 12/30/21 | $224,520 |
Minnesota Recovery Connection Recovery Services | 12/30/21 | $117,377 |
Software For Good Gbc Maintenance | 12/30/21 | $105,730 |
Statement of Revenue | |
---|---|
Federated campaigns | $0 |
Membership dues | $0 |
Fundraising events | $0 |
Related organizations | $0 |
Government grants | $1,022,144 |
All other contributions, gifts, grants, and similar amounts not included above | $510,877 |
Noncash contributions included in lines 1a–1f | $0 |
Total Revenue from Contributions, Gifts, Grants & Similar | $1,533,021 |
Total Program Service Revenue | $161,304 |
Investment income | $1,621 |
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 | $1,696,209 |
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. | $0 |
Compensation of current officers, directors, key employees. | $0 |
Compensation to disqualified persons | $0 |
Other salaries and wages | $0 |
Pension plan accruals and contributions | $0 |
Other employee benefits | $0 |
Payroll taxes | $0 |
Fees for services: Management | $0 |
Fees for services: Legal | $0 |
Fees for services: Accounting | $28,201 |
Fees for services: Lobbying | $0 |
Fees for services: Fundraising | $0 |
Fees for services: Investment Management | $0 |
Fees for services: Other | $1,532,748 |
Advertising and promotion | $8,117 |
Office expenses | $44,821 |
Information technology | $34,272 |
Royalties | $0 |
Occupancy | $21,179 |
Travel | $1,367 |
Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
Conferences, conventions, and meetings | $810 |
Interest | $0 |
Payments to affiliates | $0 |
Depreciation, depletion, and amortization | $0 |
Insurance | $3,884 |
All other expenses | $0 |
Total functional expenses | $1,689,520 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $697,680 |
Savings and temporary cash investments | $0 |
Pledges and grants receivable | $125,000 |
Accounts receivable, net | $142,240 |
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 | $3,778 |
Net Land, buildings, and equipment | $0 |
Investments—publicly traded securities | $0 |
Investments—other securities | $0 |
Investments—program-related | $0 |
Intangible assets | $487,184 |
Other assets | $0 |
Total assets | $1,455,882 |
Accounts payable and accrued expenses | $103,525 |
Grants payable | $0 |
Deferred revenue | $4,690 |
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 | $0 |
Other liabilities | $0 |
Total liabilities | $108,215 |
Net assets without donor restrictions | $1,184,667 |
Net assets with donor restrictions | $163,000 |
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 | $1,455,882 |
Over the last fiscal year, we have identified 15 grants that Housing Link has recieved totaling $505,216.
Awarding Organization | Amount |
---|---|
Otto Bremer Trust St Paul, MN PURPOSE: BEYOND BACKGROUNDS | $75,000 |
Family Housing Fund Minneapolis, MN PURPOSE: GENERAL OPERATIONS, BEYOND BACKGROUNDS EXPANSION | $65,000 |
Greater Minnesota Housing Fund St Paul, MN PURPOSE: PROGRAMS | $50,000 |
Mcknight Foundation Minneapolis, MN PURPOSE: FOR GENERAL OPERATING SUPPORT | $50,000 |
Mcknight Foundation Minneapolis, MN PURPOSE: FOR GENERAL OPERATING SUPPORT | $50,000 |
Mcknight Foundation Minneapolis, MN PURPOSE: FOR GENERAL OPERATING SUPPORT | $50,000 |
Organization Name | Assets | Revenue |
---|---|---|
Sholom Home East Inc St Paul, MN | $55,805,227 | $20,264,604 |
Homestead At Rochester Inc Eden Prairie, MN | $84,661,096 | $19,652,604 |
Jeremiah Program Minneapolis, MN | $39,745,824 | $13,376,447 |
Milwaukee Habitat For Humanity Milwaukee, WI | $24,987,795 | $20,382,762 |
Habitat For Humanity International Inc Des Moines, IA | $24,118,438 | $12,529,342 |
Community Housing Resources Minneapolis, MN | $41,679,341 | $15,920,162 |
Home And Community Options Inc Winona, MN | $11,542,509 | $9,788,629 |
Phm New Richmond Senior Housing Inc Roseville, MN | $18,158,628 | $8,376,438 |
Greater Minnesota Housing Fund St Paul, MN | $209,115,546 | $19,170,053 |
American Indian Community Development Corporation Minneapolis, MN | $37,892,319 | $10,832,403 |
Habitat For Humanity International Inc Madison, WI | $16,210,690 | $8,401,610 |
Phw Menomonee Falls Inc Roseville, MN | $45,125,918 | $7,810,658 |