Civic Intelligence

Homeservices Foundation for Housing Equity

EIN 85-4134903 • 501(c)3 • Minneapolis, MN

Profile

Increasing homeownship and generational wealth for people of color through education, investing in people, financial assistance and community reinvestment.

333 South 7th Street 27th FloorMinneapolis, MN 55402

foundation.homeservices.com

Siviq Scores

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

Liabilities / Assets

59th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

501(c)3 • <$500k nonprofits • Source year 2024

Liabilities / Revenue

61st percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

501(c)3 • <$500k nonprofits • Source year 2024

Net Margin

3rd percentile

-1284%

Higher net margin than 3% of similar nonprofits.

501(c)3 • <$500k nonprofits • Source year 2024

Top Officer Pay

Score unavailable

No value available

No filing with officer rows is available for this organization yet.

Asset Growth

21st percentile

-40%

Faster asset growth than 21% of similar nonprofits.

501(c)3 • <$500k nonprofits • Annualized from 2023 to 2024

Revenue Growth

5th percentile

-96%

Faster revenue growth than 5% of similar nonprofits.

501(c)3 • <$500k nonprofits • Annualized from 2023 to 2024

Balance Sheet
Liabilities / Assets59th percentile

Assets

Down

$165,093

Down $111,490 (-40%) from 2023

Liabilities

Flat

$0

Flat from 2023

Net Assets

Down

$165,093

Down $111,490 (-40%) from 2023

Operations
Liabilities / Revenue61st percentileNet Margin3rd percentile

Revenue

Down

$8,680

Down $221,929 (-96%) from 2023

Expenses

Up

$120,170

Up $99,469 (+481%) from 2023

Net Income

Down

-$111,490

Down $321,398 (-153%) from 2023

Trend Graphs

Balance Sheet Trend

Asset Growth21st percentile

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

$300K$200K$100K$0Assets 2022: $66,675Liabilities 2022: $0Net Assets 2022: $66,6752022Assets 2023: $276,583Liabilities 2023: $0Net Assets 2023: $276,5832023Assets 2024: $165,093Liabilities 2024: $0Net Assets 2024: $165,0932024

Highlighted filing

2024

Assets$165,093
Liabilities$0
Net Assets$165,093
Open 2024 Filing

Operations Trend

Revenue Growth5th percentile

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

$300K$200K$100K$0-$100K-$200KRevenue 2022: $217,724Expenses 2022: $151,049Net Income 2022: $66,6752022Revenue 2023: $230,609Expenses 2023: $20,701Net Income 2023: $209,9082023Revenue 2024: $8,680Expenses 2024: $120,170Net Income 2024: -$111,4902024

Highlighted filing

2024

Revenue$8,680
Expenses$120,170
Net Income-$111,490
Open 2024 Filing

Filings

Most recent year

2024 • Form 990XML pending. An XML filing is linked for this year, but detailed extraction is still pending.

Open filing
Assets
$165,093
Liabilities
$0
Net assets
$165,093
Revenue
$8,680
Expenses
$120,170
Net income
-$111,490
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.65$0.00$1.65$0.09$1.20$1.11
2023Summary only. Only limited summary data is available for this year.$2.77$0.00$2.77$2.31$0.21$2.10
2022Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.67$0.00$0.67$2.18$1.51$0.67
Latest Detailed Filing

The latest 2024 filing currently has linked XML that has not been fully parsed yet. Showing the latest detailed filing from 2022 below.

Jump To
Filing Snapshot
Filing Period
Jan 1, 2022 to Dec 31, 2022
Signed
Nov 15, 2023
Return Version
2022v5.0
Gross Receipts
$217,724
Mission and Program Overview

Mission

Increasing homeownship and generational wealth for people of color through education, investing in people, financial assistance and community reinvestment.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts-$66,675-
Rtn Earn Endowment Incm Other Fnds$0$66,675▲ $66,675
Pd in Cap Srpls Land Bldg Eqp Fund$0$0→ $0
Cap Stk Tr Prin Current Funds$0$0→ $0
Total Assets$0$66,675▲ $66,675
Liabilities
Total Liabilities$0$0→ $0
Net Assets / Fund Balance
Total Net Assets Fund Balance$0$66,675▲ $66,675
Total Liabilities and Net Assets / Fund Balance$0$66,675▲ $66,675
Compensation and Service Providers
Top Officer PayScore unavailable

Board Members and Trustees

NameTitle
Desrie Van PuttenDirector-education
Gretchen RosenbergDirector-fundraising
Mike BrowneDirector-governance
April AlexanderDirector-grants
Fabian GayossoDirector-marketing
Dana StrandmoCEO
Alex SeavallCFO
Revenue and Support

Revenue Composition

Contributions and Grants
$217,724
Program Service Revenue
$0
Investment Income
$0
Other Revenue
$0
All Other Contributions
$217,724
Change in Net Assets
$66,675
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$150,582
Other Expenses$467
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs$150,582--$150,582
Other Expenses-$467-$467
Total Functional Expenses$150,582$467$0$151,049
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Shame of ChicagoChicago, IL501(c)Charitable$100,000
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
No
Subject to proxy tax
No
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
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
No
Other officer compensation reviewed
No
Conflict-of-interest policy
No
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

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

“Form 990 is presented to the board of directors for approval before filing with the irs”

Form 990, Part VI, Section C, Line 19

“Our governing documents, conflict of interest policy, and financial statements are available to the public upon request.”

Filing and Contact Details

Filer

Filer Name
Homeservices Foundation for Housing
EIN
85-4134903
Phone
6123365113
Address
333 SOUTH 7TH STREET 27TH FLOOR, MINNEAPOLIS, MN 55402

Signing Officer

Name
Dana Strandmo
Title
CEO
Phone
6123365113
Signed
2023-11-15
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Dana Strandmo
Formed
2020
Legal Domicile
Mn
Voting Board Members
0
Independent Board Members
0
Employees
0
Volunteers
4

Preparer

Firm
Boeckermann Grafstrom & Mayer LLC
Address
7900 INTERNATIONAL DR STE 800, BLOOMINGTON, MN 55425-1581
Preparer
Aaron Wenthold
Phone
9528442500
Raw XML Appendix297 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/ActivitiesConductedPrtshpInd00
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IRS990/AllOtherContributionsAmt0217724
IRS990/BooksInCareOfDetail/BusinessName/BusinessNameLine1Txt0CORY ABRAHAMSON
IRS990/BooksInCareOfDetail/PhoneNum06123365113
IRS990/BooksInCareOfDetail/USAddress/AddressLine1Txt0333 SOUTH 7TH STREET
IRS990/BooksInCareOfDetail/USAddress/CityNm0MINNEAPOLIS
IRS990/BooksInCareOfDetail/USAddress/StateAbbreviationCd0MN
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IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt60
IRS990/Form990PartVIISectionAGrp/TitleTxt0CEO
IRS990/Form990PartVIISectionAGrp/TitleTxt1DIRECTOR-GOVERNANCE
IRS990/Form990PartVIISectionAGrp/TitleTxt2DIRECTOR-MARKETING
IRS990/Form990PartVIISectionAGrp/TitleTxt3DIRECTOR-GRANTS
IRS990/Form990PartVIISectionAGrp/TitleTxt4DIRECTOR-EDUCATION
IRS990/Form990PartVIISectionAGrp/TitleTxt5DIRECTOR-FUNDRAISING
IRS990/Form990PartVIISectionAGrp/TitleTxt6CFO
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IRS990/GrantAmt0150582
IRS990/GrantsToDomesticOrgsGrp/ProgramServicesAmt0150582
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IRS990/GrantsToIndividualsInd00
IRS990/GrantsToOrganizationsInd01
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IRS990/MoreThan5000KToIndividualsInd00
IRS990/MoreThan5000KToOrgInd00
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IRS990ScheduleI/RecipientTable/RecipientEIN0999999999
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt055 W MONROE ST STE 2660
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1OUR GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS ARE AVAILABLE TO THE PUBLIC UPON REQUEST.
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ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/TrustedCustomerCd00
ReturnHeader/BuildTS02023-04-26 12:10:37Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0DANA STRANDMO
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0CEO
ReturnHeader/BusinessOfficerGrp/PhoneNum06123365113
ReturnHeader/BusinessOfficerGrp/SignatureDt02023-11-15
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ReturnHeader/Filer/BusinessName/BusinessNameLine2Txt0EQUITY
ReturnHeader/Filer/BusinessNameControlTxt0HOME
ReturnHeader/Filer/EIN0854134903
ReturnHeader/Filer/PhoneNum06123365113
ReturnHeader/Filer/USAddress/AddressLine1Txt0333 SOUTH 7TH STREET 27TH FLOOR
ReturnHeader/Filer/USAddress/CityNm0MINNEAPOLIS
ReturnHeader/Filer/USAddress/StateAbbreviationCd0MN
ReturnHeader/Filer/USAddress/ZIPCd055402
ReturnHeader/IRSResponsiblePrtyInfoCurrInd00
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0200472826
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0BOECKERMANN GRAFSTROM & MAYER LLC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt07900 INTERNATIONAL DR STE 800
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0BLOOMINGTON
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0MN
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd0554251581
ReturnHeader/PreparerPersonGrp/PhoneNum09528442500
ReturnHeader/PreparerPersonGrp/PreparationDt02023-11-15
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0AARON WENTHOLD
ReturnHeader/ReturnTs02023-11-15T16:49:01-06:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonFirstNm0DANA
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonLastNm0STRANDMO
ReturnHeader/TaxPeriodBeginDt02022-01-01
ReturnHeader/TaxPeriodEndDt02022-12-31
ReturnHeader/TaxYr02022

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Peer Organizations

Similar nonprofits based on the same Siviq industry and scale cohort. 501(c)3 • <$500k nonprofits