The Housing Partnership Network Inc
- Assets
- $38.6m
- Revenue
- $16.9m
- Investments
- $0.0
- Employees
- 76
- Location
- Boston, MA
- Founding
- 06/1993
- Data as of
- 12/2021
- EIN
- 04-3172401
Organization Overview
The Housing Partnership Network Inc is located in Boston, MA. The organization was established in 1993. According to its NTEE Classification (L99) the organization is classified as: Housing & Shelter N.E.C., under the broad grouping of Housing & Shelter and related organizations. As of 12/2021, Housing Partnership Network Inc employed 76 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Housing Partnership Network 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 12/2021, Housing Partnership Network Inc generated $16.9m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 6.8% each year. All expenses for the organization totaled $14.8m during the year ending 12/2021. While expenses have increased by 3.6% 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.
Since 2015, Housing Partnership Network Inc has awarded 196 individual grants totaling $11,499,897. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
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.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO SUPPORT AND ADVOCATE COMMUNITY BASED EFFORTS FOR THE EXPANSION OF AFFORDABLE HOUSING OPPORTUNITIES AND THE REVITALIZATION OF COMMUNITIES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Thomas Bledsoe President And CEO | OfficerTrustee | 40 | $550,735 |
Lisa Alberghini Clerk & Evp, Peer Exchange | Officer | 40 | $333,470 |
Charles Wehrwein Chief Operating Officer | Officer | 40 | $320,349 |
Kim Dempsey Evp, Capital Markets | Officer | 40 | $307,764 |
Eric Chatman Chief Financial Officer | Officer | 40 | $305,376 |
Catherine Rodriguez VP Of Lending & Investment | 40 | $202,537 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Coresphere Llc Web Development | 12/30/19 | $1,754,908 |
Krokidas & Bluestein Llp Legal | 12/30/19 | $176,622 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $864,125 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $4,132,304 |
| All other contributions, gifts, grants, and similar amounts not included above | $6,671,062 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $11,667,491 |
| Total Program Service Revenue | $4,917,588 |
| Investment income | $18,240 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $16,875,187 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $2,588,257 |
| 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. | $2,049,037 |
| Compensation of current officers, directors, key employees. | $624,813 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $4,856,101 |
| Pension plan accruals and contributions | $426,229 |
| Other employee benefits | $541,973 |
| Payroll taxes | $419,737 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $90,318 |
| Fees for services: Accounting | $45,294 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $702,620 |
| Advertising and promotion | $0 |
| Office expenses | $115,153 |
| Information technology | $521,050 |
| Royalties | $0 |
| Occupancy | $336,690 |
| Travel | $68,263 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $52,148 |
| Interest | $642,785 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $185,507 |
| Insurance | $72,410 |
| All other expenses | $20,948 |
| Total functional expenses | $14,834,783 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $13,081,342 |
| Savings and temporary cash investments | $4,022,803 |
| Pledges and grants receivable | $250,000 |
| Accounts receivable, net | $1,128,916 |
| 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 | $179,276 |
| Net Land, buildings, and equipment | $58,713 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $16,968,268 |
| Intangible assets | $0 |
| Other assets | $2,951,158 |
| Total assets | $38,640,476 |
| Accounts payable and accrued expenses | $2,005,427 |
| Grants payable | $0 |
| Deferred revenue | $148,670 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $18,772,727 |
| Other liabilities | $1,476,272 |
| Total liabilities | $22,403,096 |
| Net assets without donor restrictions | $9,966,234 |
| Net assets with donor restrictions | $6,271,146 |
| 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 | $38,640,476 |
Grants Awarded
Over the last fiscal year, The Housing Partnership Network Inc has awarded $2,742,980 in support to 53 organizations.
| Grant Recipient | Amount |
|---|---|
Boston, MA PURPOSE: LENDING CAPITAL | $475,000 |
Chicago, IL PURPOSE: HOUSING STABILIZATION (FORECLOSURE & EVICTION) | $178,585 |
St Paul, MN PURPOSE: HOUSING STABILIZATION (RENTER STABILIZATION/EVICTION PREVENTION & HOMEOWNER ASSISTANCE/FORECLOSURE PREVENTION) | $120,000 |
Cleveland, OH PURPOSE: HOUSING STABILIZATION (FORECLOSURE & EVICTION) | $96,624 |
Hauppauge, NY PURPOSE: HOUSING STABILIZATION (FORECLOSURE & EVICTION) | $84,593 |
Indianapolis, IN PURPOSE: HOUSING COUNSELING PROGRAM & ADMINISTRATION | $80,683 |
Grants Recieved
Over the last fiscal year, we have identified 10 grants that The Housing Partnership Network Inc has recieved totaling $3,133,414.
| Awarding Organization | Amount |
|---|---|
The Jpb Foundation New York, NY PURPOSE: NEXT LEVEL UTILIZATION OF HEALTHY, ENERGY EFFICIENT PRODUCTS AND MATERIALS IN AFFORDABLE HOUSING | $1,000,000 |
The Jpb Foundation New York, NY PURPOSE: NEXT LEVEL UTILIZATION OF HEALTHY, ENERGY EFFICIENT PRODUCTS AND MATERIALS IN AFFORDABLE HOUSING | $750,000 |
Goldman Sachs Philanthropy Fund New York, NY PURPOSE: COMMUNITY & HUMAN SERVICES | $500,000 |
Robert Wood Johnson Foundation Princeton, NJ PURPOSE: 78888 SUPPORTING PRACTITIONER-DRIVEN STRATEGIES TO | $250,008 |
Robert Wood Johnson Foundation Princeton, NJ PURPOSE: 78888 SUPPORTING PRACTITIONER-DRIVEN STRATEGIES TO | $250,008 |
Tides Foundation San Francisco, CA PURPOSE: HEALTHY INDIVIDUALS AND COMMUNITIES | $150,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Homes For Our Troops Inc Taunton, MA | $32,216,870 | $35,704,270 |
Community Housing Innovations Inc White Plains, NY | $68,684,135 | $30,486,174 |
Educational Housing Services Inc New York, NY | $147,607,496 | $20,918,839 |
Vanderheyden Hall Inc Wynantskill, NY | $10,154,920 | $26,980,074 |
Taylor Home Laconia, NH | $85,135,801 | $21,418,139 |
The Center For New York City New York, NY | $125,177,702 | $23,546,233 |
The Prospect-Woodward Home Keene, NH | $98,470,957 | $10,325,465 |
The Housing Partnership Network Inc Boston, MA | $38,640,476 | $16,875,187 |
Building Homes For Heroes Inc Island Park, NY | $15,491,113 | $13,729,241 |
Taconic Innovations Inc Wappingers Falls, NY | $14,026,966 | $12,196,980 |
The Crenulated Company Ltd New York, NY | $9,182,171 | $10,442,755 |
Living Independently Forever Inc Hyannis, MA | $12,273,693 | $10,857,981 |