2024-04-08T17:19:34-07:00 2023-06-30 990 2022-07-01 237029195 FAITH HAVEN INCORPORATED FAIT 2186282602 4901 Grand Ave Suite 105 Duluth MN 55807 Monica Postlewaite Office Manager 2186282602 2024-02-26 Monica Postlewaite 999009999 1 1 11 0 AAL2 X 2022 2023-04-26 12:10:37Z Monica Postlewaite 4901 Grand Avenue Duluth MN 55807 1080550 0 X faithhaven.net X 1968 MN Faith Haven, Incorporated was organized to operate a senior citizen apartment complex under the guidelines of the US Department of Housing and Urban Development Section 236. 10 10 5 20 0 0 1030 786 849224 991787 4961 22706 5913 36195 861128 1051474 0 0 0 0 251795 288255 0 0 1788 630747 707117 882542 995372 -21414 56102 2125478 2165615 429962 413997 1695516 1751618 Faith Haven, Incorporated was organized to operate a senior citizen apartment complex under the guidelines of the US Department of Housing and Urban Development Section 236. 0 0 847334 847334 Faith Haven, Inc., provides safe & affordable housing for people aged 62 or better who are facing financial challenges. The residents must have an income at or below 80% of the area median income. The average annual resident income is $20,000. The average age is 75, and they live here an average of 6.5 years. 81% of our residents are female. For residents who qualify, staff assists in obtaining Housing Choice Vouchers to apply towards rent. Our facility has ten stories, with 123 one bedroom apartments. Residents living on the top three floors enjoy spectacular views of Lake Superior. They have access to a library, beauty shop, fitness center, laundry, and general store, which are all located on site. 0 0 0 847334 1 0 0 0 0 0 0 0 0 0 1 0 0 0 1 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 12 0 1 5 1 0 0 0 0 0 0 0 0 0 0 1 0 0 0 X 10 10 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 MN X X Monica Postlewaite 2186282602 4901 Grand Avenue Duluth MN 55807 Monica Postlewaite Manager 40 0 X 70140 0 0 John Scott Board Member 1 0 X 4900 0 0 Kathy Resberg President 2 0 X 4225 0 0 Charles Bell Board Member 1 0 X 2750 0 0 Deb Adams-Koltes Secretary 1 0 X 2745 0 0 Gary Schneider Board Member 1 0 X 2700 0 0 John Lewis Treasurer 1 0 X 2625 0 0 Dan Donofrio Vice President 1 0 X 2625 0 0 George Balach Board Member 1 0 X 1250 0 0 Richard Nelson Board Member 1 0 X 1250 0 0 Elizabeth Davis Board Member 1 0 X 1125 0 0 96335 0 0 0 0 0 0 0 0 0 0 0 0 786 0 786 Housing 623312 991787 991787 0 0 0 0 0 0 991787 22706 22706 0 0 0 0 0 0 0 0 0 0 2400 0 0 0 2400 0 2400 2400 0 0 0 0 0 38890 29076 9814 9814 0 0 Laundry & Vending 452000 12362 12362 0 0 Cell Tower Leases 900099 11619 11619 0 0 0 0 0 0 23981 1051474 1050688 0 0 0 0 0 0 0 0 0 0 67525 26147 40000 1378 0 0 0 0 158326 140363 17963 0 11698 8625 3002 71 33173 24430 8540 203 17533 12926 4500 107 0 0 0 0 27187 23918 3269 0 11687 3187 8500 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 9450 9450 0 0 20797 8199 12598 0 0 0 0 0 0 0 0 0 384404 375424 8980 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 77797 73907 3890 0 49992 46480 3483 29 Supplies 25933 25933 0 0 Licenses & Permits 7874 7874 0 0 Tenant Relations 10629 10629 0 0 Board Stipends 26125 0 26125 0 55242 49842 5400 0 995372 847334 146250 1788 416900 472383 1056579 1081102 5992 200 3134 2603 38186 39657 3968345 3398675 604687 569670 2125478 2165615 42497 34766 357296 345677 0 30169 33554 429962 413997 X 1695516 1751618 0 0 1695516 1751618 2125478 2165615 56102 0 0 0 0 0 X 0 1 X 1 0 X 28 1030 786 1844 801309 831383 891302 883499 1027982 4435475 801309 831383 891330 884529 1028768 4437319 4437319 7270 10183 49035 -23415 22706 65779 7270 10183 49035 -23415 22706 65779 47642 14 0 47656 808579 841566 988007 861128 1051474 4550754 0.97507 0.97807 0.01445 0.01069 X Schedule A, Part III, Line 12 PPP Funds and Misc Income 126579 0 126579 2733255 0 2600000 133255 0 0 0 0 980750 0 748675 232075 127761 0 50000 77761 569670 0 Tenant Security Deposits 33554 33554 1051474 0 0 0 0 0 1051474 0 0 0 1051474 995372 0 0 0 0 0 995372 0 0 0 995372 Form 990, Part VI, Section B, Line 11b A copy of Form 990 is provided to each board member prior to filing. Form 990, Part VI, Section B, Line 12c The board annually reviewed any possible conflicts of interest board members may have. Form 990, Part VI, Section B, Line 15 The Board looked at compensation for other similar positions in the community prior to establishing salary and benefits for key employees. Form 990, Part VI, Section C, Line 19 Upon request