Beacon Interfaith Housing Collaborative
- Assets
- $71.8m
- Revenue
- $12.9m
- Investments
- $0.0
- Employees
- 57
- Location
- Saint Paul, MN
- Founding
- 03/2000
- Data as of
- 06/2024
- EIN
- 41-1953599
Organization Overview
Beacon Interfaith Housing Collaborative is located in Saint Paul, MN. The organization was established in 2000. According to its NTEE Classification (S20) the organization is classified as: Community & Neighborhood Development, under the broad grouping of Community Improvement & Capacity Building and related organizations. As of 06/2024, Beacon Interfaith Housing Collaborative employed 57 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Beacon Interfaith Housing Collaborative 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 06/2024, Beacon Interfaith Housing Collaborative generated $12.9m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 3.2% each year. All expenses for the organization totaled $12.7m during the year ending 06/2024. While expenses have increased by 8.0% per year over the past 8 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
2024
Describe the Organization's Mission:
Part 3 - Line 1
AS A COLLABORATIVE OF CONGREGATIONS UNITED IN ACTION WE CREATE HOMES AND ADVANCE EQUITABLE HOUSING.
Describe the Organization's Program Activity:
Part 3 - Line 4a
HOUSING OPERATION: BEACON OFFERS A RANGE OF AFFORDABLE HOUSING AND SERVICES TO MEET THE NEEDS OF VULNERABLE MEMBERS OF OUR COMMUNITY. WE ARE THE LARGEST OWNER/OPERATOR OF SUPPORTIVE HOUSING IN THE STATE OF MINNESOTA. WE OPERATE NEARLY 800 QUALITY, AFFORDABLE HOMES FOR MORE THAN 1000 PEOPLE AT 24 PROPERTIES ACROSS THE TWIN CITIES METRO AREA. THE MAJORITY OF OUR HOUSING SERVES HOUSEHOLDS EARNING LESS THAN 30 PERCENT OF THE COMMUNITY'S AREA MEDIAN INCOME (AMI). SUPPORTIVE HOUSING SERVICES ARE PROVIDED TO OVER 600 HOUSEHOLDS IN BEACON HOUSING TO HELP YOUTH, SINGLE ADULTS, FAMILIES AND SENIORS SUCCESSFULLY EXIT OR AVOID HOMELESSNESS.
HOUSING DEVELOPMENT: BEACON IS AMONG THE LEADING DEVELOPERS OF DEEPLY AFFORDABLE, SUPPORTIVE HOUSING IN THE TWIN CITIES METRO AREA. BEACON'S UNIQUE COLLABORATIVE MODEL ACTIVATES THE ENERGY, RESOURCES AND LEADERSHIP OF CONGREGATIONS TO CREATE HOUSING. WE LEVERAGE PRIVATE CONTRIBUTIONS TO SECURE ADDITIONAL PUBLIC FUNDING AND CAPITAL COMMITMENTS AND HAVE DEVELOPED OVER 800 HOMES AT 26 PROPERTIES TO DATE. BEACON HAS OVER 200 HOMES IN VARIOUS STAGES OF DEVELOPMENT AT SEVEN LOCATIONS ACROSS THE TWIN CITIES METRO.
POLICY: WHEN ALL PEOPLE HAVE ACCESS TO STABLE HOUSING, OUR COMMUNITIES ARE STRONGER AND HEALTHIER. AS A COLLABORATIVE OF CONGREGATIONS BEACON WORKS FOR TRANSFORM PUBLIC POLICY SO THAT ALL PEOPLE HAVE A HOME. WE GALVANIZE INDIVIDUAL ADVOCATES, FAITH COMMUNITIES AND PEER ORGANIZATIONS TOWARDS POLICY SOLUTIONS AT THE LOCAL AND STATE LEVEL TO UNLOCK MORE RESOURCES FOR SUPPORTIVE HOUSING. BEACON ADVOCATES HAVE BEEN THE CATALYST TO BIG POLICY VICTORIES LIKE PASSING A METRO WIDE SALES TAX FOR HOUSING, CREATING THE NEW STATE RENTAL ASSISTANCE PROGRAM, BRING IT HOME, MINNESOTA, AND EXPANDING LOCAL INVESTMENTS FOR SUPPORTIVE HOUSING IN HENNEPIN COUNTY AND THE CITY OF MINNEAPOLIS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Charlie Flynn Chair | OfficerTrustee | 1 | $0 |
Linda Sandvig Director | Trustee | 1 | $0 |
Reverend Michael Gonzales Director | Trustee | 1 | $0 |
Mark Bayley Director | Trustee | 1 | $0 |
Steve Berglund Director | Trustee | 1 | $0 |
Nancy Burns Vice Chair | OfficerTrustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Relative Intel Security Services | 6/29/24 | $1,459,246 |
Ymca Of The North Supportive Services | 6/29/24 | $196,289 |
Youthlink Supportive Services | 6/29/24 | $349,392 |
Simpson Housing Supportive Services | 6/29/24 | $286,480 |
Avivo Supportive Services | 6/29/24 | $379,858 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $3,979,666 |
| All other contributions, gifts, grants, and similar amounts not included above | $4,135,865 |
| Noncash contributions included in lines 1a–1f | $58,315 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $8,115,531 |
| Total Program Service Revenue | $4,627,526 |
| Investment income | $119,283 |
| 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 | $12,930,229 |
| 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. | $1,290,540 |
| Compensation of current officers, directors, key employees. | $699,491 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $3,008,583 |
| Pension plan accruals and contributions | $100,674 |
| Other employee benefits | $247,965 |
| Payroll taxes | $280,870 |
| Fees for services: Management | $268,653 |
| Fees for services: Legal | $76,316 |
| Fees for services: Accounting | $206,939 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $396,036 |
| Advertising and promotion | $0 |
| Office expenses | $236,670 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $136,722 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $36,028 |
| Interest | $67,941 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $833,853 |
| Insurance | $137,378 |
| All other expenses | $230,848 |
| Total functional expenses | $12,694,845 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $782,256 |
| Savings and temporary cash investments | $4,424,675 |
| Pledges and grants receivable | $1,850,951 |
| Accounts receivable, net | $779,145 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $7,507,480 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $369,633 |
| Net Land, buildings, and equipment | $51,542,662 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $3,008,056 |
| Intangible assets | $5,641 |
| Other assets | $1,482,703 |
| Total assets | $71,753,202 |
| Accounts payable and accrued expenses | $2,077,944 |
| Grants payable | $0 |
| Deferred revenue | $9,125,740 |
| 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 | $44,305,904 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $3,263,763 |
| Total liabilities | $58,773,351 |
| Net assets without donor restrictions | $10,958,609 |
| Net assets with donor restrictions | $2,021,242 |
| 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 | $71,753,202 |