Overview
What is Family Housing Fund?
Family Housing Fund is a nonprofit organization based in Minneapolis, Minnesota. Its primary mission is to assist the affordable housing network in adapting to the evolving needs of families, particularly during complex and rapidly changing conditions. In 2022, the fund managed an emergency rental assistance program called the Zero Balance Project, which operated in five jurisdictions within Minnesota. This project enabled landlords to submit multiple applications on behalf of their tenants simultaneously, streamlining the process and alleviating the burden for financially distressed tenants. The fund also administered a tenant-based program in Dakota County, providing additional rental assistance. In total, the Zero Balance Project provided $3,335,117 in rental assistance to tenants in 2022, while the Dakota County program offered $656,035. With a total of 10 employees, Family Housing Fund aims to support the evolving needs of families within the affordable housing sector.
Official website here: www.fhfund.org
Is Family Housing Fund legitimate?
Family Housing Fund is a legitimate nonprofit organization registered as a 501(c)(3) entity. Family Housing Fund submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $270,655
Professional Fundraising Fees: $0
Other Salaries and Wages: $550,716
For more financial information, click here
Official website here: www.fhfund.org
What is the mission statement of Family Housing Fund?
The Family Housing Fund is a nonprofit intermediary organization with a mission to aid the affordable housing network in adapting to the evolving needs of families in complex and constantly changing conditions. Their activities include managing emergency rental assistance programs, such as the Zero Balance Project, which allows landlords to submit multiple applications on behalf of tenants all at once, providing greater efficiency and easing the burden for financially distressed tenants. In addition, the fund administered a tenant-based program in Dakota County, providing rental assistance to eligible individuals. During 2022, the Zero Balance Project in the specified jurisdictions provided rental assistance totaling $3,335,117, while the Dakota County program provided $656,035 in rental assistance.
Official website here: www.fhfund.org
Who is the CEO of Family Housing Fund?
Ellen K Sahli is the Chairperson of Family Housing Fund.
Official website here: www.fhfund.org
What is the revenue of Family Housing Fund?
Family Housing Fund's revenue in 2022 was $8,099,848.
Official website here: www.fhfund.org
Who are the executives of Family Housing Fund and what are their salaries?
The average compensation at Family Housing Fund during 2022 was $82,137. There are 10 employees and 25 volunteers at Family Housing Fund.
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Official website here: www.fhfund.org
Where can I find the form 990 for Family Housing Fund?
Family Housing Fund's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.fhfund.org
Learn more at the official website: www.fhfund.org
Mission Statement of Family Housing Fund
The Family Housing Fund is a nonprofit intermediary organization with a mission to aid the affordable housing network in adapting to the evolving needs of families under complex and continually changing circumstances. By taking on this role, the organization seeks to ensure that the affordable housing network can effectively cater to the diverse requirements of families, thereby promoting stability and well-being. In times of crisis, such as the 2022 emergency rental assistance program, the Family Housing Fund demonstrated its commitment to innovation by implementing the Zero Balance Project in five jurisdictions. This project allowed landlords to submit multiple applications on behalf of their tenants all at once, increasing efficiency for landlords and reducing the burden on tenants struggling financially. Additionally, the Family Housing Fund administered a tenant-based program in Dakota County, providing rental assistance to those in need. Through their initiatives, the Family Housing Fund plays a crucial role in supporting the affordable housing network and ensuring that families have access to stable and suitable housing.
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Impact
October, 2024
The Family Housing Fund plays a crucial role in enhancing the affordable housing landscape by providing timely and effective solutions for families facing housing instability. One of its significant impacts is the management of the Zero Balance Project, which streamlined emergency rental assistance for both landlords and tenants in Minneapolis, Saint Paul, and surrounding counties. By allowing landlords to submit multiple applications on behalf of tenants, the Fund facilitated a more efficient process, significantly reducing the burden on tenants in financial distress.
In 2022, the Fund administered over $3.3 million in rental assistance through the Zero Balance Project and an additional $656,035 for tenants in Dakota County. This targeted financial support not only helped stabilize families during challenging times but also contributed to maintaining the integrity of the housing market by supporting landlords and ensuring they received the necessary payments. Through its initiatives, the Family Housing Fund effectively adapts to the evolving needs of families in a complex housing environment, fostering stability and resilience within the community.
This information is meant to be a general summary of Family Housing Fund. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Investment Income: $62,189
- Program Service Revenue: $634,128
- Gross Receipts: $13,861,572
Assets and Liabilities:
- Total Assets: $49,343,044
- Total Liabilities: $1,730,526
- Net Assets: $47,612,518
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
INTEREST-HOUSING LOAN
Revenue
$611,050
FEE INCOME
Revenue
$23,078
Organization Details
Founding Year
1980
Phone
(612) 375-9644Principal Officer
Ellen K Sahli
Main Address
310 4TH AVENUE SOUTH 9000, MINNEAPOLIS, MN, 55415
Website
www.fhfund.orgNTEE Category
Code: L20 - Housing
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