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Family Housing Fund

EIN 41-1380923 · St Paul, MN

Public records show a registered, tax-exempt organization in good standing.

LegitimacyPassesRegistration and standingFinancial healthStrong93 out of 100GovernanceStrong95 out of 100Impact evidenceDescribes programsHow well its results are evidenced

What it says it does

THE FAMILY HOUSING FUND ("FUND") IS A NONPROFIT INTERMEDIARY ORGANIZATION WHOSE MISSION IS TO HELP THE AFFORDABLE HOUSING NETWORK ADAPT TO THE NEEDS OF FAMILIES IN COMPLEX AND CONSTANTLY CHANGING CONDITIONS.

Income
$4.7 million
Spending
$4.9 million
Spent on programs
75%
Reserves
106.7 months of spending
Largest source of income
donations and private grants, 79%
Employees
6
Volunteers
25
Highest pay
$296,445, president & ceo

Source: Form 990 for the year ending December 31, 2025, filed with the Internal Revenue Service. Rating method 2026.2. How we rate

Financial health

Strong: 93 out of 100. Higher than 84% of charities in its peer group (housing, $1m to $10m).

  • Reserves

    35 of 35

    Spendable reserves would cover 106.7 months of spending.

  • Debt

    20 of 20

    It owes 4% of what it owns.

  • Living within its means

    8 of 15

    Spending exceeded income by 5% of income.

  • Income trend

    15 of 15

    Income rose 54% on the year before.

  • Spending floor

    15 of 15

    75% of spending went to programs and raising each dollar of donations cost 5 cents.

Source: Form 990 for the year ending December 31, 2025, filed with the Internal Revenue Service. Rating method 2026.2. How we rate

Governance

Strong: 95 out of 100. Higher than 62% of charities in its peer group (housing, $1m to $10m).

  • Independent board

    25 of 25

    23 of 23 voting board members are independent.

  • Conflict of interest policy

    15 of 15

    Has a written conflict of interest policy.

  • Whistleblower policy

    8 of 8

    Has a written whistleblower policy.

  • Record keeping policy

    7 of 7

    Has a written policy on keeping and destroying records.

  • Board minutes

    5 of 5

    Keeps minutes of board meetings.

  • Board sees the tax return

    10 of 10

    Gave the board a copy of this return before filing it.

  • Pay set independently

    0 of 5

    Reports no independent review process for its chief executive's pay.

  • Independent check of accounts

    15 of 15

    Its accounts were audited by an independent accountant.

  • No reported misuse

    10 of 10

    Reports no diversion of assets, excess benefits or loans to insiders.

Source: Form 990 for the year ending December 31, 2025, filed with the Internal Revenue Service. Rating method 2026.2. How we rate

Impact evidence

Describes programs. Its tax return describes what it does but we have found no measurable results in it.

Programs described in its return (4)
  1. $749,558 spent. EXPAND OPPORTUNITIES - THE FUND AIMS TO IMPROVE HOUSING STABILITY, REDUCE EVICTIONS AND DISPLACEMENT, IMPROVE HOUSING CHOICE, AND ENSURE ACCESS TO QUALITY, AFFORDABLE HOMES. TO ACCOMPLISH THIS, THE FUND LEADS AND COORDINATES ACTIVITIES TO SYSTEMATICALLY ADDRESS THREATS TO HOUSING STABILITY AND CHOICE, IN PARTNERSHIP WITH PUBLIC AND PRIVATE PARTNERS. THIS INCLUDES CONVENING PARTNERS ACROSS PRIVATE, NONPROFIT, AND PUBLIC SECTORS TO DEVELOP STRATEGIES FOR EXPANDING ACCESS TO EMERGENCY FINANCIAL ASSISTANCE, IDENTIFY AND ADDRESS THE IMPACTS OF CORPORATE-OWNED SINGLE-FAMILY RENTAL HOMES, DISRUPT DISCRIMINATORY TENANT SCREENING PRACTICES, AND IMPROVE THE QUALITY OF THE HOUSING STOCK ACROSS THE TWIN CITIES REGION.
  2. $428,323 spent. BUILDING EQUITY - THE FUND SUPPORTS STRATEGIES THAT EXPAND ACCESS TO HOMEOWNERSHIP FOR BLACK, INDIGENOUS, AND PEOPLE OF COLOR COMMUNITIES AND HELP REDUCE RACIAL WEALTH DISPARITIES. BUILDING ON THE LEARNINGS FROM OUR SMALL MULTIFAMILY OWNERSHIP WORK, THE FUND FURTHER DEVELOPED OUR VALUING HOMES IN BLACK COMMUNITIES INITIATIVE (BUILDING EQUITY NEXT GENERATION) IN 2024. THIS WAS A HOLISTIC EFFORT TO TRANSFORM THE HOMEOWNERSHIP JOURNEY FOR BLACK COMMUNITIES AND ADDRESS WIDE-RANGING CHALLENGES AFFECTING BLACK COMMUNITIES' ABILITY TO BUILD AND SUSTAIN WEALTH THROUGH HOMEOWNERSHIP. SYNTHESIZING THE LEARNINGS FROM OUR ENGAGEMENT AND CO-DESIGN PROCESS, WE DEVELOPED THREE CORE STRATEGIES FOCUSED ON SUPPORTING BLACK HOMEOWNERSHIP. THE FUND PUBLISHED THESE RECOMMENDATIONS IN A REPORT AND SOUGHT TO ALIGN OUR WORK WITH COMPLEMENTARY EFFORTS IN THE TWIN CITIES. IN 2024, THE FUND INVESTED IN THE ADVANCING BLACK HOMEOWNERSHIP COMMUNITY FUND, A SPECIAL PURPOSE CREDIT DOWN PAYMENT ASSISTANCE PROGRAM LED BY THE MINNESOTA HOME OWNERSHIP CENTER AND TWIN CITIES HABITAT FOR HUMANITY WHICH IS ALSO PILOTING A POST-PURCHASE SUPPORT STRATEGY. OUR INVESTMENT SUPPORTED ACCESS TO CAPITAL POST-PURCHASE FOR NEW HOMEOWNERS AS WELL AS THE DEVELOPMENT OF POST-PURCHASE CURRICULUM AND COACHING.
  3. $581,958 spent. INCREASE SUPPLY - THIS PROGRAM AREA AIMS TO INCREASE HOUSING CHOICE AND AFFORDABILITY BY EXPANDING NEW APPROACHES TO HOUSING DEVELOPMENT AND PRESERVATION IN THE TWIN CITIES REGION. THE FUND INFORMS LOCAL POLICY THROUGHOUT THE REGION TO PRESERVE AND PRODUCE HOUSING, WHILE ALSO EXPLORING AND SUPPORTING NEW TOOLS FOR EXPANDING THE SUPPLY OF QUALITY, AFFORDABLE HOMES. IN 2024, THE FUND HELPED CONVENE A COALITION OF NONPROFIT HOUSING PROVIDERS TO EXPLORE CURRENT THREATS FACING THE AFFORDABLE HOUSING SECTOR AND IDENTIFY AND AMPLIFY POTENTIAL SOLUTIONS FOR BRINGING THE SECTOR BACK TO HEALTH.
  4. $1.9 million spent. ACTIVATE HOUSING CHAMPIONS - THE FUND INCREASES PUBLIC WILL FOR HOUSING SOLUTIONS BY SUPPORTING ADVOCACY EFFORTS, PRODUCING AND PUBLISHING RESEARCH, AND ELEVATING HOUSING SUCCESS STORIES THROUGH ITS STRATEGIC COMMUNICATIONS. THE FUND ALSO STRENGTHENS THE LOCAL ECOSYSTEM OF HOUSING ORGANIZATIONS AND RESOURCES BY PROVIDING SUPPORT TO COMMUNITY-BASED PARTNER ORGANIZATIONS. IN 2024, THE FUND PUBLISHED FOUR REPORTS OF RESEARCH AND KEY LEARNINGS AND HOSTED FOUR VIRTUAL EVENTS WITH THE PUBLIC TO SHARE HOUSING LEARNINGS.

Source: Form 990 for the year ending December 31, 2025, filed with the Internal Revenue Service. Rating method 2026.2. How we rate

Legitimacy checks

  1. Is it registered with the IRS? Passed.

    Listed in the IRS master file of tax-exempt organizations as a 501(c)(3) charitable organization.

    Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated September 7, 2026.

  2. Has the IRS revoked its tax-exempt status? Passed.

    Not on the IRS automatic revocation list.

    Source: Automatic revocation of exemption list, Internal Revenue Service, file dated September 30, 2026.

  3. Are donations tax-deductible? Passed.

    On the IRS list of organizations eligible to receive tax-deductible contributions.

    Source: Publication 78 data: organizations eligible for tax-deductible contributions, Internal Revenue Service, file dated September 10, 2026.

  4. Is it keeping up with its IRS filings? Passed.

    Most recent return on file covers the year ending December 2025.

    Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated September 7, 2026.

  5. How long has it been tax-exempt? Passed.

    Recognized by the IRS since October 2020.

    Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated September 7, 2026.

  6. Is it in good standing with state regulators? Passed.

    Not on California's list of charities barred from soliciting. Other states are not yet checked.

    Source: May Not Operate or Solicit for Charitable Purposes list, California Attorney General, Registry of Charities and Fundraisers, file dated October 7, 2026.

Ratings and checks are our reading of public records, using the published method. They are not a statement about anyone's honesty. If you work for this organization, you can send corrections or results, confirm you want gifts through Veridonate, or ask to be removed from giving.