Nonprofit · EIN 23-7029195
FAITH HAVEN INCORPORATED
Tax-exempt · DULUTH, MN 55807
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| June 30, 2025 | 990 | $1,314,526 | $816,774 | $497,752 | $3,101,820 | $387,891 | $2,713,929 |
| June 30, 2024 | 990 | $1,448,194 | $983,635 | $464,559 | $2,641,634 | $425,457 | $2,216,177 |
| June 30, 2023 | 990 | $1,051,474 | $995,372 | $56,102 | $2,165,615 | $413,997 | $1,751,618 |
Financial details: 990 for the year ended June 30, 2025
Revenue
- Contributions, gifts and grants
- $16
- Program service revenue
- $1,227,598
- Investment income
- $49,661
- Royalties
- $752
- Net rental income
- $2,400
- Net income from sales of inventory
- $6,889
- Other revenue
- $37,251
Expenses
- Grants and similar amounts paid
- $0
- Compensation of officers, directors and key employees
- $71,000
- Other salaries and wages
- $156,563
- Salaries, compensation and benefits (total)
- $301,049
- Professional fundraising fees
- $0
- Legal fees
- $4,628
- Accounting fees
- $18,430
- Occupancy
- $258,739
- Depreciation
- $85,488
- Program services (functional)
- $744,624
- Management and general (functional)
- $72,150
Balance sheet and other
- Total assets, start of year
- $2,641,634
- Total assets, end of year
- $3,101,820
- Total liabilities, end of year
- $387,891
- Net assets, end of year
- $2,713,929
- Land, buildings and equipment
- $449,708
- Net assets without donor restrictions
- $2,713,929
- Gross receipts
- $1,348,083
- Employees
- 5
- Volunteers
- 15
- Year formed
- 1968
- State of legal domicile
- MN
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended June 30, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| Monica Postlewaite | Manager Key employee | 40 | $77,888 | $0 | $14,000 |
| Kathy Resberg | President Officer | 5 | $0 | $2,350 | $0 |
| John Scott | Board Member Trustee or director | 1 | $0 | $1,875 | $0 |
| John Lewis | Treasurer Officer | 1 | $0 | $1,750 | $0 |
| Charles Bell | Vice President Officer | 1 | $0 | $1,625 | $0 |
| Dan Donofrio | Board Member Trustee or director | 1 | $0 | $1,500 | $0 |
| Gary Schneider | Board Member Trustee or director | 1 | $0 | $1,375 | $0 |
| George Balach | Board Member Trustee or director | 1 | $0 | $1,375 | $0 |
| Richard Nelson | Board Member Trustee or director | 1 | $0 | $1,375 | $0 |
| Deb Adams-Koltes | Secretary Officer | 1 | $0 | $1,250 | $0 |
| Elizabeth Davis | Board Member Trustee or director | 1 | $0 | $1,125 | $0 |
990 for the year ended June 30, 2024: 11 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| Monica Postlewaite | Manager Key employee | 40 | $72,579 | $12,000 |
| Kathy Resberg | President Officer | 5 | $2,225 | $0 |
| John Lewis | Treasurer Officer | 2 | $1,250 | $0 |
| Gary Schneider | Board Member Trustee or director | 2 | $1,125 | $0 |
| George Balach | Board Member Trustee or director | 2 | $1,125 | $0 |
| Richard Nelson | Board Member Trustee or director | 2 | $1,125 | $0 |
| Elizabeth Davis | Board Member Trustee or director | 2 | $1,125 | $0 |
| Deb Adams-Koltes | Secretary Officer | 2 | $1,000 | $0 |
| John Scott | Board Member Trustee or director | 2 | $875 | $0 |
| Charles Bell | Vice President Trustee or director | 2 | $875 | $0 |
| Dan Donofrio | Board Member Officer | 2 | $875 | $0 |
990 for the year ended June 30, 2023: 11 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Monica Postlewaite | Manager Key employee | 40 | $70,140 |
| John Scott | Board Member Trustee or director | 1 | $4,900 |
| Kathy Resberg | President Officer | 2 | $4,225 |
| Charles Bell | Board Member Trustee or director | 1 | $2,750 |
| Deb Adams-Koltes | Secretary Officer | 1 | $2,745 |
| Gary Schneider | Board Member Trustee or director | 1 | $2,700 |
| John Lewis | Treasurer Officer | 1 | $2,625 |
| Dan Donofrio | Vice President Officer | 1 | $2,625 |
| George Balach | Board Member Trustee or director | 1 | $1,250 |
| Richard Nelson | Board Member Trustee or director | 1 | $1,250 |
| Elizabeth Davis | Board Member Trustee or director | 1 | $1,125 |
Address and contacts
- Address (IRS master file)
- 4901 GRAND AVE, DULUTH, MN 55807-2606
- Principal officer (990 for 2024)
- Monica Postlewaite, 4901 Grand Ave, Suite 105, Duluth, MN 55807
- Signed the 990
- Monica Postlewaite, Office Manager
- Phone
- (218) 628-2602
- Website
- faithhaven.net
Mission
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.
Program accomplishments
- 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 60% of the area median income. The average annual resident income is $25,000. The average age is 75, and they live here an average of 6.5 years. 65% 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. A Service Coordinator is on staff to assist residents with life challenges.Expenses $744,624 · revenue $1,314,526
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in June, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | June 30, 2026 | November 16, 2026 | Not due yet |
| 2024 | June 30, 2025 | November 17, 2025 | 990 on file |
| 2023 | June 30, 2024 | November 15, 2024 | 990 on file |
IRS record
- EIN
- 23-7029195
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (509(a)(2))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 1969
- Accounting year ends
- June
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Housing and shelter (L22)
- Assets (IRS master file)
- $3,101,820
- Income (IRS master file)
- $1,348,083
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | June 2025 | $1,314,526 | $816,774 | $3,101,820 | XML |
| 990 | June 2024 | $1,448,194 | $983,635 | $2,641,634 | IRS |
| 990 | June 2023 | $1,051,474 | $995,372 | $2,165,615 | XML |
| 990 | June 2022 | $861,128 | $882,542 | $2,125,478 | IRS |
| 990 | June 2021 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 23-7029195).
Questions about FAITH HAVEN INCORPORATED
- What is the EIN of FAITH HAVEN INCORPORATED?
- The employer identification number (EIN) of FAITH HAVEN INCORPORATED is 23-7029195.
- Is FAITH HAVEN INCORPORATED tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1969.
- Are donations to FAITH HAVEN INCORPORATED tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does FAITH HAVEN INCORPORATED file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of FAITH HAVEN INCORPORATED due?
- The return for tax year 2025 (the year ending June 30, 2026) is due November 16, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did FAITH HAVEN INCORPORATED last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended June 2025.
- Who is the principal officer of FAITH HAVEN INCORPORATED?
- The 990 for the year ended June 30, 2025 names Monica Postlewaite.
- Who are the officers and directors of FAITH HAVEN INCORPORATED?
- The 990 for the year ended June 30, 2025 lists 11 people; 1 received compensation from the organization, the highest $77,888 (Monica Postlewaite, Manager).
- How much revenue does FAITH HAVEN INCORPORATED have?
- On its 990 for the year ended June 30, 2025 it reported revenue of $1,314,526, expenses of $816,774 and total assets of $3,101,820 at year end.
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