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Haven Homes

Edina, MN · EIN 41-6045816 · 501(c)(3) · Publicly supported organization (509(a)(2))
Latest filing: Form 990 for calendar year 2024 (tax year 2024) · View the filing · Correct or respond

Haven Homes reported $16.6 million in revenue and $15.8 million in expenses for calendar year 2024. Of every $100 it spent, $87.08 went to program services, $12.92 to management and general costs and $0.00 to fundraising. Its largest source of revenue was program service revenue such as fees, sales and contracts: 95.0% of the total. The highest compensation it reported for one person was $822,196 (PRESIDENT/CEO). 5 people received more than $100,000 in reportable compensation. Revenue rose 173% between 2020 and 2024. Source: Form 990, 2024.

Where $100 of spending went

Calendar year 2024 · Form 990, Part IX, line 25 · total expenses $16M

For context, the median across 5,634 covered health care charities: $86.19 programs, $13.81 management, $0.00 fundraising (medians computed separately, so they may not sum to $100).

Where $100 of revenue came from

Calendar year 2024 · Form 990, Part VIII · total revenue $17M

The 990 scorecard · same measures for every charity, no grades

2024 filing. Median across 5,634 covered charities in this category, from their latest filings.
Measure2024Median
Program services
Part IX 25(B) ÷ 25(A)
87.1%85.6%
Management & general
Part IX 25(C) ÷ 25(A)
12.9%13.7%
Fundraising
Part IX 25(D) ÷ 25(A)
0.0%0.0%
Fundraising cost per $1 of contributions
Part IX 25(D) ÷ Part VIII 1h
$0.00$0.00
Contributions & grants share of revenue
Part VIII 1h ÷ 12
3.7%1.3%
Government grants share of revenue
Part VIII 1e ÷ 12
3.7%0.1%
Program service revenue share
Part VIII 2g ÷ 12
95.0%93.7%
Highest reported compensation
Part VII-A, columns D–F
$822,196$975,831
Highest compensation as share of expenses
Part VII-A ÷ Part IX 25(A)
5.20%1.34%
People paid over $100,000
Part VII, line 2
527
Net assets, in months of expenses
Part X 33(B) ÷ monthly expenses
0.16.6
Independent voting board members
Part VI 1a–1b
5 of 588.9%

A median is context, not a target: hospitals, universities, food banks and grantmakers spend in very different ways. What these measures can and can't tell you.

What the money paid for, in its own words

2024 · Form 990, Part III · the three largest programs by expense
$9.2M expenses · 66.9% of program spending · grants $2,092 · revenue $11M

Haven Homes, inc. Was organized for the purpose of providing nursing home care for the elderly. It is located in maple plain, minnesota and has 64 beds

$4.5M expenses · 33.1% of program spending · revenue $5.3M

Haven Homes assisted living was organized for the purpose of operating an assisted living, independent living and memory care facility for the elderly. It has 85 units and is attached to the Haven Homes nursing home

Highest reported compensation

2024 · Form 990, Part VII, Section A · roles as filed; names are in the filing, not here
RoleFrom this orgFrom related orgsOtherTotal
PRESIDENT/CEO
Officer, 1.43 hrs/week
$0$684,664$137,532$822,196
CHIEF FINANCIAL OFFICER
Officer, 1.43 hrs/week
$0$487,791$96,215$584,006
CHIEF OPERATING OFFICER
Officer, 1.43 hrs/week
$0$383,964$103,563$487,527
CHIEF STRATEGIC OFFICER
Officer, 1.43 hrs/week
$0$332,589$105,002$437,591
CHIEF HUMAN RESOURCE OFFICER
Officer, 1.43 hrs/week
$0$280,679$83,403$364,082
CHIEF CLINICAL AND COMPLIANCE OFFICER
Officer, 1.43 hrs/week
$0$278,093$62,508$340,601
ADMINISTRATOR
Highest compensated employee, 40.00 hrs/week
$148,939$0$42,718$191,657
DIRECTOR OF NURSING
Highest compensated employee, 40 hrs/week
$132,589$0$33,551$166,140

5 people received more than $100,000 in reportable compensation from Haven Homes (Part VII, line 2). Compensation of current officers, directors and key employees totaled $0 (Part IX, line 5).

5 years of filings

Form 990, Parts I, VII, IX and X · each row is that year's own filing, linked
RevenueExpenses
$0$5.0M$10M$15M$20M20202021202220232024$17M$16M
FilingRevenueExpensesProgramsNet assetsTop pay
2024 ⓘ$17M$16M87.1%$108K$822,196
2023 ⓘ$15M$14M87.6%−$883K$728,206
2022 ⓘ$12M$14M85.3%−$1.7M$689,884
2021 ⓘ$9.7M$13M84.9%−$23,081$648,511
2020 ⓘ$6.1M$6.5M88.2%$3.2M$594,516

Governance answers, as filed

2024 · the organization's own yes/no answers; explanations, if any, are in Schedule O of the filing · what each means
  • Voting board members, and how many are independent Part VI, lines 1a–1b5 · 5 independent
  • Audited financial statements Part XII 2bYes
  • Conflict-of-interest policy Part VI 12aYes
  • Whistleblower policy Part VI 13Yes
  • Document retention policy Part VI 14Yes
  • Independent process for top executive pay Part VI 15aYes
  • Board given the 990 before filing Part VI 11aYes
  • Family or business ties among insiders Part VI 2No
  • Aware of a significant diversion of assets Part VI 5No
  • Excess benefit transaction with an insider Part IV 25aNo
  • Loans to or from insiders outstanding Part IV 26No
  • Lobbying, or a 501(h) election in effect Part IV 4No
  • Over $15,000 of professional fundraising services Part IV 18No
  • Over $10,000 of activity outside the U.S. Part IV 14bNo
  • Employees Part I, line 5328
  • Volunteers Part I, line 625

Largest outside contractors

2024 · Form 990, Part VII, Section B · businesses only
CASSIA SERVICES
Management services
$666,273
PRO REHAB
Therapy services
$512,979

Individuals listed as contractors are left out. 2 contractors were paid more than $100,000 in all.

Correct a figure or respond

Every number above is copied from Haven Homes's own Form 990. If one doesn't match the filing, that's our error and we'll fix it. If you work for Haven Homes, you can publish a response that is linked from this page.

Similar-sized charities in this cause

All health care charities · Largest charities in Minnesota

Questions people ask

How much of Haven Homes's spending goes to programs?

In calendar year 2024, Haven Homes reported that 87.1% of its $15.8 million in expenses went to program services, 12.9% to management and general and 0.0% to fundraising (Form 990, Part IX).

How much does Haven Homes pay its top executive?

The largest total compensation Haven Homes reported for one person in calendar year 2024 was $822,196, for the role of PRESIDENT/CEO (Form 990, Part VII, including compensation from related organizations and other compensation).

Where does Haven Homes get its money?

Of $16.6 million in revenue in calendar year 2024, 3.7% came from contributions and grants (including 3.7% from government grants) and 95.0% from program service revenue (Form 990, Part VIII).

Is Haven Homes a registered charity?

The IRS lists EIN 41-6045816 as a 501(c)(3) organization (publicly supported organization (509(a)(2))), and its records show contributions as tax-deductible. Form 990 filings on record here cover tax years 2020, 2021, 2022, 2023, 2024. A filing shows what the organization reported; it doesn't by itself show whether a program works.

Sources

  • 2024: Form 990 for calendar year 2024, object 202503169349300600 · read the filing · XML
  • 2023: Form 990 for calendar year 2023, object 202432819349301873 · read the filing
  • 2022: Form 990 for calendar year 2022, object 202313149349301401 · read the filing
  • 2021: Form 990 for calendar year 2021, object 202233139349304823 · read the filing
  • 2020: Form 990 for calendar year 2020, object 202133069349300433 · read the filing

All filings for EIN 41-6045816: ProPublica Nonprofit Explorer · IRS Tax Exempt Organization Search. Figures are as the organization reported them; we have not audited them.