Overview
What is Beacon Interfaith Housing Collaborative?
Beacon Interfaith Housing Collaborative is a nonprofit organization situated in Saint Paul, Minnesota. With a mission rooted in unity and action, they aim to create homes and promote equitable housing. Their operations include managing over 600 affordable housing units across the Twin Cities Metro Area, providing shelter for more than 1,000 individuals, many of whom earn less than 30% of the area's median income. Supportive housing services are offered to over 400 households within their properties, assisting youth, single adults, families, and seniors in overcoming or avoiding homelessness. Maintaining stability is a priority, as 83% of formerly homeless residents have sustained stable housing for at least a year. The collaborative operates as a network of congregations, working together to address housing needs within their community.
Official website here: www.beaconinterfaith.org
What are the reviews and ratings of this charity?
Beacon Interfaith Housing Collaborative has received an 84% score from Charity Navigator, garnering it a Three-Star out of Four Star rating, indicating it performs competently in terms of accountability and financial management. However, the rating does not incorporate factors like leadership or impact measurement, which can offer a more comprehensive view of the organization's effectiveness.
The organization excels in having a strong framework of governance and accountability practices, achieving full points in these areas, such as having a majority of independent board members and exhibiting clear whistleblower and conflict of interest policies. Their financial practices include a solid program expense ratio of 74.94% and strong fundraising efficiency, although their liabilities to assets ratio is notably high.
Currently, there are no user reviews available from GreatNonprofits, which limits external feedback on their community impact and stakeholder satisfaction. Without these reviews, potential donors or volunteers might find it challenging to gauge the personal testimonies of their work and impact within the communities they serve.
This AI summary has been generated from information found on Charity Navigator.
Is Beacon Interfaith Housing Collaborative legitimate?
Beacon Interfaith Housing Collaborative is a legitimate nonprofit organization registered as a 501(c)(3) entity. Beacon Interfaith Housing Collaborative 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: $1,290,540
Professional Fundraising Fees: $0
Other Salaries and Wages: $3,008,583
For more financial information, click here
Official website here: www.beaconinterfaith.org
What is the mission statement of Beacon Interfaith Housing Collaborative?
The Beacon Interfaith Housing Collaborative, a collective of united congregations, pursues its mission by creating homes and advocating for equitable housing. Through this collaborative effort, they provide a wide range of affordable housing options and services, catering to the needs of vulnerable individuals within their community. Their housing operation includes over 600 quality homes across the Twin Cities Metro Area, providing shelter for more than 1,000 people, primarily those earning less than 30% of the area's median income. The collaborative also offers supportive housing services to over 400 households, helping youth, single adults, families, and seniors to either avoid or successfully exit homelessness. Notably, 83% of formerly homeless residents managed to maintain stable housing for at least a year following their placement in Beacon Housing.
Official website here: www.beaconinterfaith.org
What is the revenue of Beacon Interfaith Housing Collaborative?
Beacon Interfaith Housing Collaborative's revenue in 2024 was $12,930,229.
Official website here: www.beaconinterfaith.org
Who are the executives of Beacon Interfaith Housing Collaborative and what are their salaries?
The average compensation at Beacon Interfaith Housing Collaborative during 2024 was $75,423. There are 57 employees and 1500 volunteers at Beacon Interfaith Housing Collaborative.
Here are 22 key members and their salaries:
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- Other: $11,440
- Compensation: $101,388
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- Other: $13,020
- Compensation: $111,430
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- Other: $12,022
Official website here: www.beaconinterfaith.org
Where can I find the form 990 for Beacon Interfaith Housing Collaborative?
Beacon Interfaith Housing Collaborative's most recent form 990 was submitted in 2024 and can be accessed here.
Official website here: www.beaconinterfaith.org
Learn more at the official website: www.beaconinterfaith.org
Mission Statement of Beacon Interfaith Housing Collaborative
Beacon Interfaith Housing Collaborative, a collective of congregations working together, is dedicated to creating homes and promoting equitable housing for vulnerable individuals in their community. As part of their mission, they offer a variety of housing and services designed to meet the needs of those with limited financial resources. Specifically, Beacon operates over 600 affordable homes for more than 1,000 people across the Twin Cities metropolitan area, with the majority of their services catering to households earning less than 30% of the area's median income.
Furthermore, Beacon provides supportive housing services to over 400 households living in their properties. These services help young people, single adults, families, and seniors to successfully avoid or exit homelessness. Notably, 83% of formerly homeless residents have managed to maintain stable housing for at least a year. In summary, Beacon Interfaith Housing Collaborative is committed to making a tangible impact on their community by offering affordable housing and supportive services, enabling vulnerable individuals to secure and maintain a stable living situation.
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Impact
July, 2024
Beacon Interfaith Housing Collaborative's impactful work includes offering a range of housing and services to meet the needs of vulnerable members of our community. They operate over 600 quality, affordable homes for more than 1000 people across the Twin Cities metro area, with the majority of their housing services going to households earning less than 30 percent of the community's area median income. They provide supportive housing services to over 400 households to help youth, single adults, families, and seniors successfully exit or avoid homelessness. Impressively, 83 percent of formerly homeless residents maintained stable housing for at least one year as a result of Beacon's efforts.
This information is meant to be a general summary of Beacon Interfaith Housing Collaborative. 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 2024.
- Investment Income: $119,283
- Program Service Revenue: $4,627,526
- Gross Receipts: $12,930,229
Assets and Liabilities:
- Total Assets: $45,599,244
- Total Liabilities: $33,199,902
- Net Assets: $12,399,342
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RENTAL INCOME
Revenue
$2,826,659
DEVELOPER & OTHER SERVICE FEES
Revenue
$1,581,352
ASSET MANAGEMENT FEE
Revenue
$148,516
MISCELLANEOUS
Revenue
$70,999
Organization Details
Founding Year
1999
Principal Officer
Chris Latondresse
Website
www.beaconinterfaith.orgNTEE Category
Code: S20 - Community improvement
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