Civic Intelligence

The Housing Partnership Network Inc

EIN 04-3172401 • 501(c)3 • Boston, MA

Profile

To build affordable homes, better futures and vibrant communities for low and moderate income people through partnerships with our member organizations, the business sector, government, and philanthropic institutions.

Refreshing map…

56 Broad St 14008Boston, MA 02109

housingpartnership.net

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

79th percentile

0.62x

Higher debt load relative to assets than 79% of similar nonprofits.

501(c)3 • $25M-$50M nonprofits • Source year 2024

Liabilities / Revenue

85th percentile

1.71x

Higher debt load relative to revenue than 85% of similar nonprofits.

501(c)3 • $25M-$50M nonprofits • Source year 2024

Net Margin

10th percentile

-20%

Higher net margin than 10% of similar nonprofits.

501(c)3 • $25M-$50M nonprofits • Source year 2024

Top Officer Pay

90th percentile

$720,840

Higher top officer pay than 90% of similar nonprofits.

Top officer pay equals 4.6% of source-year revenue.

501(c)3 • $25M-$50M nonprofits • Source year 2024

Asset Growth

8th percentile

-11%

Faster asset growth than 8% of similar nonprofits.

501(c)3 • $25M-$50M nonprofits • Annualized from 2023 to 2024

Revenue Growth

5th percentile

-45%

Faster revenue growth than 5% of similar nonprofits.

501(c)3 • $25M-$50M nonprofits • Annualized from 2023 to 2024

Assets

Down

$43,469,433

Down $5,439,481 (-11%) from 2023

Liabilities

Down

$26,829,718

Down $2,448,205 (-8.4%) from 2023

Net Assets

Down

$16,639,715

Down $2,991,276 (-15%) from 2023

Revenue

Down

$15,693,551

Down $12,745,007 (-45%) from 2023

Expenses

Up

$18,867,871

Up $10,457 (+0.1%) from 2023

Net Income

Down

-$3,174,320

Down $12,755,464 (-133%) from 2023

Trend Graphs

Balance Sheet Trend

Grouped bars show assets, liabilities, and net assets across loaded filings.

$60M$40M$20M$0Assets 2010: $20,974,922Liabilities 2010: $18,471,708Net Assets 2010: $2,503,2142010Assets 2011: $20,991,601Liabilities 2011: $16,765,683Net Assets 2011: $4,225,9182011Assets 2012: $15,886,452Liabilities 2012: $9,087,309Net Assets 2012: $6,799,1432012Assets 2013: $15,686,642Liabilities 2013: $8,157,268Net Assets 2013: $7,529,3742013Assets 2014: $16,977,608Liabilities 2014: $8,232,347Net Assets 2014: $8,745,2612014Assets 2015: $16,478,417Liabilities 2015: $8,695,213Net Assets 2015: $7,783,2042015Assets 2016: $17,423,882Liabilities 2016: $8,488,125Net Assets 2016: $8,935,7572016Assets 2017: $23,148,761Liabilities 2017: $8,715,347Net Assets 2017: $14,433,4142017Assets 2018: $34,121,688Liabilities 2018: $17,173,216Net Assets 2018: $16,948,4722018Assets 2019: $35,971,217Liabilities 2019: $21,501,796Net Assets 2019: $14,469,4212019Assets 2020: $35,234,528Liabilities 2020: $21,037,552Net Assets 2020: $14,196,9762020Assets 2021: $38,640,476Liabilities 2021: $22,403,096Net Assets 2021: $16,237,3802021Assets 2022: $37,762,315Liabilities 2022: $25,988,424Net Assets 2022: $11,773,8912022Assets 2023: $48,908,914Liabilities 2023: $29,277,923Net Assets 2023: $19,630,9912023Assets 2024: $43,469,433Liabilities 2024: $26,829,718Net Assets 2024: $16,639,7152024

Highlighted filing

2024

Assets$43,469,433
Liabilities$26,829,718
Net Assets$16,639,715

Operations Trend

Revenue, expenses, and net income by year, with the latest filing highlighted.

$30M$20M$10M$0-$10MExpenses 2010: $10,200,7492010Revenue 2011: $12,733,804Expenses 2011: $11,011,100Net Income 2011: $1,722,7042011Expenses 2012: $12,175,2512012Revenue 2013: $12,258,795Expenses 2013: $11,528,564Net Income 2013: $730,2312013Revenue 2014: $13,615,021Expenses 2014: $12,399,134Net Income 2014: $1,215,8872014Revenue 2015: $10,626,028Expenses 2015: $11,588,085Net Income 2015: -$962,0572015Revenue 2016: $11,945,501Expenses 2016: $10,792,948Net Income 2016: $1,152,5532016Revenue 2017: $17,130,406Expenses 2017: $11,632,749Net Income 2017: $5,497,6572017Revenue 2018: $16,766,937Expenses 2018: $14,251,879Net Income 2018: $2,515,0582018Revenue 2019: $13,265,841Expenses 2019: $15,744,892Net Income 2019: -$2,479,0512019Revenue 2020: $13,217,908Expenses 2020: $13,490,353Net Income 2020: -$272,4452020Revenue 2021: $16,875,187Expenses 2021: $14,834,783Net Income 2021: $2,040,4042021Revenue 2022: $12,049,370Expenses 2022: $16,512,859Net Income 2022: -$4,463,4892022Revenue 2023: $28,438,558Expenses 2023: $18,857,414Net Income 2023: $9,581,1442023Revenue 2024: $15,693,551Expenses 2024: $18,867,871Net Income 2024: -$3,174,3202024

Highlighted filing

2024

Revenue$15,693,551
Expenses$18,867,871
Net Income-$3,174,320

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$43.5$26.8$16.6$15.7$18.9$3.17
2023Detailed filing. Detailed filing data is available for this year.$48.9$29.3$19.6$28.4$18.9$9.58
2022Facts available. Structured filing facts are available, but richer extracted sections are limited.$37.8$26.0$11.8$12.0$16.5$4.46
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$38.6$22.4$16.2$16.9$14.8$2.04
2020Facts available. Structured filing facts are available, but richer extracted sections are limited.$35.2$21.0$14.2$13.2$13.5$0.27
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$36.0$21.5$14.5$13.3$15.7$2.48
2018Detailed filing. Detailed filing data is available for this year.$34.1$17.2$16.9$16.8$14.3$2.52
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$23.1$8.72$14.4$17.1$11.6$5.50
2016XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$17.4$8.49$8.94$11.9$10.8$1.15
2015Detailed filing. Detailed filing data is available for this year.$16.5$8.70$7.78$10.6$11.6$0.96
2014Detailed filing. Detailed filing data is available for this year.$17.0$8.23$8.75$13.6$12.4$1.22
2013Detailed filing. Detailed filing data is available for this year.$15.7$8.16$7.53$12.3$11.5$0.73
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$15.9$9.09$6.80$12.2
2011Summary only. Only limited summary data is available for this year.$21.0$16.8$4.23$12.7$11.0$1.72
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$21.0$18.5$2.50$10.2
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2024 to Dec 31, 2024
Signed
Sep 26, 2025
Return Version
2024v5.2
Gross Receipts
$15,693,551
Mission and Program Overview

Mission

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.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments Program Related$20,616,771$24,549,534▲ $3,932,763
Savings and Temporary Cash Investments$20,128,430$11,566,729▼ $8,561,701
Cash and Non-Interest-Bearing Accounts$2,085,401$2,865,663▲ $780,262
Pledges and Grants Receivable$659,197$957,497▲ $298,300
Accounts Receivable$728,048$753,689▲ $25,641
Prepaid Expenses and Deferred Charges$324,432$314,976▼ $9,456
Land, Buildings, and Equipment, Net$31,461$0▼ $31,461
Total Assets$48,908,914$43,469,433▼ $5,439,481
Other Assets Total$4,335,174$2,461,345▼ $1,873,829
Liabilities
Unsecured Notes Loans Payable$22,272,727$21,704,546▼ $568,181
Accounts Payable and Accrued Expenses$2,701,685$2,985,734▲ $284,049
Other Liabilities$4,154,841$1,990,768▼ $2,164,073
Deferred Revenue$148,670$148,670→ $0
Total Liabilities$29,277,923$26,829,718▼ $2,448,205
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$15,690,316$14,181,571▼ $1,508,745
Net Assets With Donor Restrictions$3,940,675$2,458,144▼ $1,482,531
Total Net Assets Fund Balance$19,630,991$16,639,715▼ $2,991,276
Total Liabilities and Net Assets / Fund Balance$48,908,914$43,469,433▼ $5,439,481

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$0$478,290$478,290
Investment Program Related Org$19,780,998--
Other Assets Org$2,384,059--
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Robin HughesPresident and CEOFT$523,962$196,878$720,840
Charles WehrweinChief Operating OfficerFT$354,962$137,534$492,496
Lisa AlberghiniEvp, Peer ExchangeFT$407,037$82,120$489,157
Eric ChatmanClerk & Chief Financial OfficerFT$319,429$115,782$435,211
Catherine RodriguezVP of Lending & InvestmentFT$279,622$86,662$366,284
Brendan DolanPresident, HpiexFT$245,006$89,503$334,509
Paul DowningVP of Ops and Info SystemsFT$235,776$98,548$334,324
Shannon RossVP of PolicyFT$222,054$51,895$273,949
Peter FitzgeraldVP, Financial Planning and AnalysisFT$201,776$65,554$267,330

Board Members and Trustees

Highest Paid Contractors

ContractorServicesLocationCompensation
Project Destined Education ResourcesProfessional Consultant1623 S STREET NW, Washington, DC 20009$192,500
Cohn ReznickAccounting Consultants1 BOSTON PLACE 500, Boston, MA 02108$161,836
Krokidas & Bluestein LLPAttorneys600 ATLANTIC AVE 1900, Boston, MA 02210$114,293
Revenue and Support

Revenue Composition

Contributions and Grants
$8,205,397
Program Service Revenue
$6,211,313
Investment Income
$697,434
Other Revenue
$579,407
All Other Contributions
$5,711,110
Change in Net Assets
$-3,174,320
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$10,460,491
Other Expenses$6,707,503
Grants and Similar Amounts Paid$1,699,877
Total Fundraising Expense$326,764
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$4,699,385$1,668,431$183,422$6,551,238
Fees for Services Other$1,668,370$657,368$5,656$2,331,394
Current Officers, Directors, Trustees, and Key Employees$1,453,638$619,934$64,132$2,137,704
Grants to Domestic Orgs$1,699,877--$1,699,877
Interest$751,156--$751,156
Conferences and Meetings$676,936$6,235-$683,171
Payroll Taxes$371,469$235,587$15,134$622,190
Other Employee Benefits$425,661$156,798$17,155$599,614
Travel$427,164$134,346$7,005$568,515
Pension Plan Contributions$390,431$143,594$15,720$549,745
Occupancy$292,828$70,375$12,684$375,887
Office Expenses$85,944$69,438$676$156,058
Other Expenses$9,930$87,502-$97,432
Depreciation Depletion$65,659$24,054$2,549$92,262
Insurance$76,108$9,819$1,032$86,959
Fees for Services Legal$55,657$23,684-$79,341
Fees for Services Accounting$17,133$59,297-$76,430
All Other Expenses$39,976$4,708$1,599$46,283
Total Functional Expenses$14,405,897$4,135,210$326,764$18,867,871
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
The Housing Partnership Fund IncBoston, MA501(c)3Affordable Housing$400,000
Stable Home FundNew York, NY501(c)3Emergency Relief Fund$112,700
Federation of Appalachian Housing Enterprises IncBerea, KY501(c)3Grant to Support Organizational Expenses Associated With Ehc Initiative$100,000
Atlanta Neighborhood Development Partnership IncAtlanta, GA501(c)3Enterprise Level Funding$90,000
MOVIN' OUT INCMadison, WI501(c)3Enterprise Level Funding$90,000
Rocky Mountain Mutual Housing AssocDenver, CO501(c)3Enterprise Level Funding$90,000
Indianapolis Neighborhood Housing Partnership IncIndianapolis, IN501(c)3Housing Counseling Program & Administration$77,526
Neighborhood Housing Services of Chicago IncChicago, IL501(c)3Housing Counseling Program & Administration$68,253
Come Dream Come BuildBrownsville, TX501(c)3Housing Counseling Program & Administration$66,465
Cleveland Housing NetworkCleveland, OH501(c)3Housing Counseling Program & Administration$54,794
Way Finders IncSpringfield, MA501(c)3Housing Counseling Program & Administration$51,508
Brick by Brick Training & Development CorporationNewark, NJ501(c)3Housing Counseling Program & Administration$50,000
Long Island Housing Partnership IncHauppauge, NY501(c)3Housing Counseling Program & Administration$45,801
The St Ambrose Housing Aid Center IncBaltimore, MD501(c)3Housing Counseling Program & Administration$42,555
Housing ChannelFortworth, TX501(c)3Housing Counseling Program & Administration$40,412
Homeportcolumbus Housing Partnership IncColumbus, OH501(c)3Housing Counseling Program & Administration$37,356
Cleveland Housing NetworkCleveland, OH501(c)3Wells Fargo Keeping People Housed Grant$36,000
Neighborhood Housing Services of New York City IncNew York, NY501(c)3Housing Counseling Program & Administration$34,897
Champlain Housing TrustBurlington, VT501(c)3Housing Counseling Program & Administration$28,419
Housing Partnership Development CorpNew York, NY501(c)3Housing Counseling Program & Administration$27,612
Federation of Appalachian Housing Enterprises IncBerea, KY501(c)3Housing Counseling Program & Administration$25,000
Community Development Corporation of UtahSalt Lake City, UT501(c)3Housing Counseling Program & Administration$17,307
Metro Community Development IncFlint, MI501(c)3Housing Counseling Program & Administration$14,382
Neighborhood Housing Services of New York City IncNew York, NY501(c)3Wells Fargo Keeping People Housed Grant$13,500
Southwest Minnesota Housing PartnershipSlayton, MN501(c)3Housing Counseling Program & Administration$11,936
AvestaPortland, ME501(c)3Wells Fargo Keeping People Housed Grant$10,000
Neighborhood Housing Services of Chicago IncChicago, IL501(c)3Wells Fargo Keeping People Housed Grant$10,000
PenquisBangor, ME501(c)3Wells Fargo Keeping People Housed Grant$10,000
Champlain Housing TrustBurlington, VT501(c)3Wells Fargo Keeping People Housed Grant$9,829
Housing Partnership Development CorpNew York, NY501(c)3Wells Fargo Keeping People Housed Grant$8,000
Come Dream Come BuildBrownsville, TX501(c)3Wells Fargo Keeping People Housed Grant$6,000
Long Island Housing Partnership IncHauppauge, NY501(c)3Wells Fargo Keeping People Housed Grant$6,000
Southwest Minnesota Housing PartnershipSlayton, MN501(c)3Wells Fargo Keeping People Housed Grant$6,000
Way Finders IncSpringfield, MA501(c)3Wells Fargo Keeping People Housed Grant$5,200
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
Yes
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Conditional Advances$1,768,528
Due to Affiliates$164,053
Credit Loss Liability - Unfunded Commitments$58,187
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
Yes
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
Yes
Conflict-of-interest policy
Yes
Audited financial statements prepared
Yes
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section A, Line 6

Hpn serves as a peer network and business alliance for some of the nations top-performing nonprofit housing developers, owners, lenders, and housing counselors. Hpn helps these strong, accomplished organizations increase production and impact through a unique member-driven cooperative that shares knowledge and innovation, pools resources to access the capital markets more efficiently, and shapes policy that reflects and enhances their practice.

Form 990, Part VI, Section A, Line 7A

None of the decisions of the governing body are subject to approval by members, stockholders, or other persons.

Form 990, Part VI, Section B, Line 11B

The 990 is submitted to the finance committee for review and then made available to the board of directors before filing.

Form 990, Part VI, Section B, Line 12C

Annual conflict of interest disclosures are used and if any issues arise the board is notified. If issues arise, the board member involved will recuse themselves from the decision making process.

Form 990, Part VI, Section B, Line 15

The quatt study: this is a review of the overall competitiveness and structure of the housing partnership network's executive compensation program. In addition, the board of directors assess compensation annually to ensure the ceo and officers' salaries are reasonable and the results of the quatt study remain relevant based on current market conditions.

Form 990, Part VI, Section C, Line 19

By means of the internet and upon request.

FORM 990, PART VI, LINE 16B:

Hpn's policy over evaluating its participation in joint venture arrangements involves an assessment performed by hpn's management and board of directors to ensure the terms of any potential joint venture relationship is permitted under applicable federal tax law and hpn's exempt status is being safeguarded. In addition, formal operating and other applicable agreements are formally executed by all parties involved and clearly outline hpn's role in all joint venture relationships.

Filing and Contact Details

Filer

Filer Name
The Housing Partnership Network Inc
EIN
04-3172401
Phone
6177201999
Address
56 BROAD ST 14008, BOSTON, MA 02109

Signing Officer

Name
Eric Chatman
Title
CFO
Phone
6177201999
Signed
2025-09-26
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Eric Chatman
Formed
1992
Legal Domicile
Ma
Voting Board Members
20
Independent Board Members
19
Employees
51
Volunteers
19

Preparer

Firm
Aafcpas Inc
Address
50 WASHINGTON STREET, WESTBOROUGH, MA 01581
Preparer
Caitlin Limoges CPA
Phone
5083669100
Supplemental Narrative

Additional Explanations

Form 990, Part IX, Line 11G

Consulting: program service expenses 1,528,499. Management and general expenses 604,325. Fundraising expenses 0. Total expenses 2,132,824. Payroll consulting: program service expenses 139,871. Management and general expenses 53,043. Fundraising expenses 5,656. Total expenses 198,570.

FORM 990, PART XI, LINE 9:

Forgiveness of due to combined affiliate 166,667. Returned grants 16,377.

Form 990, Part XII, Line 2C

Hpn did not change its financial oversight process as of december 31, 2024.

Financial Statement Notes

PART X, LINE 2:

Hpn accounts for uncertainty in income taxes in accordance with asc topic, income taxes. This standard clarifies the accounting for uncertainty in tax positions and prescribes a recognition threshold and measurement attribute for the combined financial statements regarding a tax position taken or expected to be taken in a tax return. Hpn has determined that there are no uncertain tax positions which qualify for either recognition or disclosure in the combined financial statements at december 31, 2024. Hpn's information returns are subject to examination by the federal and state jurisdictions.

Raw XML AppendixShowing 400 of 1,415 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

Path#Value
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IRS990/ActivityOrMissionDesc0THROUGH 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.
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IRS990/Desc0TO SUPPORT AND ADVOCATE COMMUNITY BASED EFFORTS FOR THE EXPANSION OF AFFORDABLE HOUSING OPPORTUNITIES AND THE REVITALIZATION OF COMMUNITIES.
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IRS990/Form990PartVIISectionAGrp/TitleTxt0PRESIDENT AND CEO
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IRS990/Form990PartVIISectionAGrp/TitleTxt2VICE CHAIRMAN
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IRS990/Form990PartVIISectionAGrp/TitleTxt22EVP, PEER EXCHANGE
IRS990/Form990PartVIISectionAGrp/TitleTxt23VP OF LENDING & INVESTMENT
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IRS990/Form990PartVIISectionAGrp/TitleTxt26VP OF POLICY
IRS990/Form990PartVIISectionAGrp/TitleTxt27VP, FINANCIAL PLANNING AND ANALYSIS
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IRS990/MissionDesc0THROUGH 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.
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