Matrix Housing Services
- Assets
- $403.7k
- Revenue
- $1.9m
- Investments
- $0.0
- Employees
- 22
- Location
- Minneapolis, MN
- Founding
- 06/2016
- Data as of
- 12/2020
- EIN
- 47-3667784
Organization Overview
Matrix Housing Services is located in Minneapolis, MN. The organization was established in 2016. According to its NTEE Classification (L80) the organization is classified as: Housing Support, under the broad grouping of Housing & Shelter and related organizations. As of 12/2020, Matrix Housing Services employed 22 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Matrix Housing Services 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 12/2020, Matrix Housing Services generated $1.9m in total revenue. This organization has experienced exceptional growth, as over the past 5 years, it has increased revenue by an average of 64.3% each year . All expenses for the organization totaled $1.8m during the year ending 12/2020. While expenses have increased by 65.1% per year over the past 5 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
2020
Describe the Organization's Mission:
Part 3 - Line 1
THE MISSION OF MATRIX HOUSING SERVICES IS TO DELIVER HIGH-QUALITY PROGRAMS AND WELL ROUNDED SERVICES FOR PEOPLE EXPERIENCING HOMELESSNESS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
EMERGYENCY SHELTER AND RESOURCE CENTER: MATRIX EMERGENCY SHELTER SERVED 199 ADULTS WHO WERE EXPERIENCING HOMELESSNESS IN DAKOTA COUNTY. WE PROVIDED A SAFE PLACE TO SLEEP, FOOD, AND CASE MANAGEMENT SUPPORT SERVICES. IN MARCH 2020, SHELTER OPERATIONS WERE MOVED TO A HOTEL TO PROVIDE NON-CONGREGATE SHELTER IN RESPONSE TO COVID-19. MATRIX RESOURCE CENTER SERVED AN AVERAGE OF 30 PEOPLE DAILY. THE RESOURCE CENTER PROVIDED BREAKFAST AND LUNCH, SHOWERS, LAUNDRY, CASE MANAGEMENT SUPPORT SERVICES, AND A SAFE PLACE TO BE DURING THE WEEKDAYS. GUESTS HAD ACCESS TO PHONES AND COMPUTERS TO SUPPORT JOB AND HOUSING SEARCHES.
COORDINATED ENTRY ASSESSMENTS: ASSESSED 840 PEOPLE WHO WERE STAYING OUTSIDE OR IN SHELTER IN HENNEPIN COUNTY. THE ASSESSORS FIELD INQUIRIES ABOUT HOUSING AND COORDINATED ENTRY IN HENNEPIN COUNTY, MAINTAIN CONTACT WITH PEOPLE WHO ARE ASSESSED, AND ASSIST IN CONNECTING CLIENTS TO HOUSING PROVIDERS ONCE THEY ARE REFERRED.
RAPID REHOUSING: WE SERVED FAMILIES AND SINGLE ADULTS WHO WERE EXPERIENCING HOMELESSNESS IN DAKOTA COUNTY. 27 PARTICIPANTS WERE ASSISTED WITH OBTAINING HOUSING, CASE MANAGEMENT SUPPORT SERVICES TO HELP STABILIZE THEIR HOUSING, AND RENTAL ASSISTANCE. IN HENNEPIN COUNTY WE SERVED 41 SINGLES AND 34 FAMILIES WHO WERE EXPERIENCING HOMELESSNESS. ALL PARTICIPANTS WERE ASSISTED WITH OBTAINING HOUSING, CASE MANAGEMENT SUPPORT SERVICES TO HELP STABILIZE THEIR HOUSING, AND RENTAL ASSISTANCE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Subashini Ambrose Executive Director | OfficerTrustee | 50 | $98,246 |
Kristen Brown Director Of Programs | Trustee | 50 | $96,865 |
Shawn Atkins Board Chair Interim Treasure | Trustee | 3 | $0 |
Edward Solomon Board Secretary | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $1,853,579 |
| All other contributions, gifts, grants, and similar amounts not included above | $48,299 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,901,878 |
| Total Program Service Revenue | $0 |
| Investment income | $1 |
| 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 | $1,901,879 |
| 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. | $195,111 |
| Compensation of current officers, directors, key employees. | $195,111 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $450,132 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $82,188 |
| Payroll taxes | $50,100 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $8,192 |
| Advertising and promotion | $11 |
| Office expenses | $9,924 |
| Information technology | $6,341 |
| Royalties | $0 |
| Occupancy | $58,650 |
| Travel | $53 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $3,034 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,322 |
| Insurance | $688 |
| All other expenses | $21,700 |
| Total functional expenses | $1,785,551 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $272,107 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $123,923 |
| 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 | $0 |
| Net Land, buildings, and equipment | $5,289 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $2,401 |
| Total assets | $403,720 |
| Accounts payable and accrued expenses | $226,660 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| 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 | $95,000 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $321,660 |
| Net assets without donor restrictions | $82,060 |
| Net assets with donor restrictions | $0 |
| 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 | $403,720 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Matrix Housing Services has recieved totaling $11,000.
| Awarding Organization | Amount |
|---|---|
Network For Good Inc Washington, DC PURPOSE: Unrestricted | $5,500 |
Network For Good Inc Washington, DC PURPOSE: Unrestricted | $5,500 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Institute For Community Alliances Des Moines, IA | $2,443,302 | $12,133,028 |
Western Home Services Inc Cedar Falls, IA | $36,931,248 | $9,460,886 |
Partners For Community Development Inc Sheboygan, WI | $8,253,882 | $7,968,342 |
Minnesota Home Ownership Center St Paul, MN | $17,549,875 | $3,064,242 |
Land Bank Twin Cities Inc St Anthony, MN | $25,684,992 | $6,229,470 |
Housing Resources Inc Milwaukee, WI | $1,278,452 | $4,218,125 |
Greater Green Bay Habitat For Humanity Green Bay, WI | $9,776,168 | $3,142,134 |
American Indian Community Housing Organization Duluth, MN | $7,296,736 | $3,254,073 |
Successful Living Supportive Housing Program Iowa City, IA | $3,127,012 | $2,854,795 |
World Learner School Of Chaska Chaska, MN | $2,061,201 | $2,337,089 |
Wisconsin Balance Of State Continuum Of Care Inc Eau Claire, WI | $302,883 | $2,354,061 |
Mano A Mano International Partners St Paul, MN | $4,322,951 | $3,022,158 |