Agate Housing And Services Inc
- Assets
- $17.1m
- Revenue
- $18.1m
- Investments
- $0.0
- Employees
- 194
- Location
- Minneapolis, MN
- Founding
- 05/2002
- Data as of
- 06/2022
- EIN
- 01-0639118
Organization Overview
Agate Housing And Services Inc is located in Minneapolis, MN. The organization was established in 2002. According to its NTEE Classification (X11) the organization is classified as: Single Organization Support, under the broad grouping of Religion-Related and related organizations. As of 06/2022, Agate Housing And Services Inc employed 194 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Agate Housing And Services Inc 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 06/2022, Agate Housing And Services Inc generated $18.1m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 6.6% each year. All expenses for the organization totaled $17.7m during the year ending 06/2022. While expenses have increased by 5.8% per year over the past 7 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO END HOMELESSNESS AND RELIEVE HUNGER THROUGH ACTION AND ADVOCACY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
SHELTER: SHELTER IS OFFERED TO EIGHTY SIX ADULTS EVERY NIGHT WHILE WE WORK WITH THEM TO ACCESS HOUSING AND SUPPORT SERVICES. IN FISCAL YEAR 2022, 408 INDIVIDUALS WERE PROVIDED SHELTER BETWEEN BOTH SHELTER LOCATIONS.
RAPID REHOUSING PROGRAMS - THESE PROGRAMS HELPS FAMILIES AND SINGLE ADULTS TRANSITION QUICKLY FROM SHELTER INTO HOUSING WITH SUPPORTIVE SERVICES AND RENTAL SUBSIDY. 44 SINGLE ADULTS, AND 258 FAMILIES INCLUDING 559 CHILDREN WERE SERVED IN FISCAL YEAR 2022.NEXT STEP ASSESSORS CONDUCTS COORDINATED ENTRY SYSTEM HOUSING ASSESSMENTS FOR FAMILIES IN HENNEPIN COUNTY. IN FISCAL YEAR 2022, 683 ASSESSMENTS WERE COMPLETED WITH FAMILIES. HOUSING AND SERVES UP TO 140 SINGLE ADULTS AND FAMILIES.
SUPPORTIVE HOUSING PROGRAMS PROVIDE LONGTERM, SCATTERED-SITE HOUSING AND LONG-TERM SUPPORTIVE SERVICES FOR FAMILIES AND SINGLE ADULTS WHO HAVE EXPERIENCED LONG- TERM HOMELESSNESS AND HAVE A DOCUMENTED ELIGIBLE DISABILITY. IN FISCAL YEAR 2022, 174 FAMILIES, INCLUDING 277 ADULTS AND 401 CHILDREN, AND 295 SINGLE ADULTS RECEIVED LONG-TERM CASE MANAGEMENT.MINNESOTA HOUSING FINANCE AGENCY HOUSING TRUST FUND SUBSIDIES RENTAL SUBSIDIES ARE AN IMPORTANT TOOL FOR HELPING SOME SINGLE ADULTS AND FAMILIES MAINTAIN THEIR HOUSING WHILE THEY WORK TOWARD SELF-SUFFICIENCY. THESE SUBSIDIES ARE PROVIDED THROUGH MINNESOTA HOUSING AND SERVES UP TO 140 SINGLE ADULTS AND FAMILIESPERMANENT SUPPORTIVE HOUSING PROGRAMS - FAMILY AND SINGLE ADULT FAST TRACK IS A CONDENSED FORM OF RAPID REHOUSING FOR FAMILIES AND SINGLE ADULTS WITH HIGHER INCOME. THIS PROGRAM OFFERS ASSISTANCE WITH THE HOUSING SEARCH, APPLICATION FEES, AND REFERRALS TO BRIDGING FOR FURNITURE, BUT NO ONGOING RENTAL ASSISTANCE OR CASE MANAGEMENT. 66 FAMILIES, INCLUDING 95 ADULTS AND 151 CHILDREN, AND 45 SINGLE ADULTS WERE SERVED IN FISCAL YEAR 2022.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Carol Hood Former Finance Director | Officer | 40 | $92,096 |
Mary Grahek Associate Treasurer | OfficerTrustee | 0.5 | $0 |
Karen Klein Treasurer | OfficerTrustee | 1 | $0 |
Greg Owen Chair | OfficerTrustee | 1 | $0 |
Rajin Singh Olson Vice Chair | OfficerTrustee | 1 | $0 |
Fiyyaz Karim Secretary | OfficerTrustee | 0.5 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Greiner Construction Rebranding | 6/29/22 | $272,809 |
Comfort Inn Airport - Embassy Hotel Grou Shelter Hotel | 6/29/22 | $1,789,278 |
Success Computer Consulting It Consulting | 6/29/22 | $266,571 |
Involve Mn Food Service At Shelter Hotel | 6/29/22 | $247,695 |
Grannes Properties Rent For Clients | 6/29/22 | $171,222 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $11,937,021 |
| All other contributions, gifts, grants, and similar amounts not included above | $5,133,434 |
| Noncash contributions included in lines 1a–1f | $223,208 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $17,070,455 |
| Total Program Service Revenue | $440,238 |
| Investment income | $17,795 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $121,060 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $18,145,205 |
| 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. | $103,814 |
| Compensation of current officers, directors, key employees. | $61,250 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $6,048,870 |
| Pension plan accruals and contributions | $160,128 |
| Other employee benefits | $940,730 |
| Payroll taxes | $457,143 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $398 |
| Fees for services: Accounting | $52,900 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $10,467 |
| Fees for services: Other | $1,319,699 |
| Advertising and promotion | $0 |
| Office expenses | $408,758 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $699,648 |
| Travel | $53,866 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $108,260 |
| Interest | $8,250 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $229,671 |
| Insurance | $100,125 |
| All other expenses | $0 |
| Total functional expenses | $17,710,336 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,304,245 |
| Savings and temporary cash investments | $3,347,602 |
| Pledges and grants receivable | $621,290 |
| Accounts receivable, net | $52,694 |
| 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 | $186,023 |
| Net Land, buildings, and equipment | $2,967,478 |
| Investments—publicly traded securities | $8,376,434 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $280,083 |
| Total assets | $17,135,849 |
| Accounts payable and accrued expenses | $581,356 |
| Grants payable | $0 |
| Deferred revenue | $431,089 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $1,082,127 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $1,018,000 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $202,813 |
| Total liabilities | $3,315,385 |
| Net assets without donor restrictions | $9,329,146 |
| Net assets with donor restrictions | $4,491,318 |
| 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 | $17,135,849 |
Grants Recieved
Over the last fiscal year, we have identified 35 grants that Agate Housing And Services Inc has recieved totaling $2,688,951.
| Awarding Organization | Amount |
|---|---|
Greater Houston Community Foundation Houston, TX PURPOSE: HUMAN SERVICES | $1,550,000 |
Minneapolis Foundation Minneapolis, MN PURPOSE: DONOR-RECOMMENDED, HUMAN SERVICES | $182,897 |
Mightycause Charitable Foundation Marianna, FL PURPOSE: UNRESTRICTED | $141,739 |
Schwab Charitable Fund San Francisco, CA PURPOSE: RELIGION RELATED | $124,950 |
Saint Paul & Minnesota Foundation Saint Paul, MN PURPOSE: MULTIPLE GRANTS FOR MULTIPLE PURPOSES | $121,374 |
Otto Bremer Trust St Paul, MN PURPOSE: GENERAL OPERATIONS | $100,000 |
Endowment Analysis
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Agate Housing And Services Inc Minneapolis, MN | $17,135,849 | $18,145,205 |
Catholic Foundation For The Archdiocese Of Dubuque Cedar Rapids, IA | $127,453,113 | $10,700,862 |
St Joseph Real Estate Services Corporation Green Bay, WI | $9,099,106 | $3,700,773 |
Know The Truth Ministries Inc Chanhassen, MN | $269,842 | $2,371,086 |
City On A Hill Inc Milwaukee, WI | $1,825,972 | $1,822,673 |
Olive Tree Ministries Maple Grove, MN | $7,814,889 | $4,185,907 |
Herzl Camp Foundation St Louis Park, MN | $6,175,107 | $1,858,323 |
Temple Israel Foundation Minneapolis, MN | $14,124,521 | $641,745 |
Minnesota Catholic Conference Saint Paul, MN | $392,885 | $767,491 |
St Pauls United Methodist Church Of Cedar Rapids Foundation Cedar Rapids, IA | $7,255,081 | $1,159,292 |
Brahmananda Saraswati Jyotish Foundation Fairfield, IA | $78,051 | $657,695 |
Ong First Friends Church Trust 1695800 Milwaukee, WI | $5,413,078 | $1,006,602 |