Clare Housing

Nonprofit profile at a glance

EIN
411794924
IRS 990 coverage
2009–2025
Forms available
Form 990 2025
Location
Minneapolis, MN, USA
Phone
6122369515
Rating
77
Verdict
SUPPORTED
Rating confidence
Standard
Sector
Hospices

Official website

Reported finances

Revenue
$11,371,878
Expenses
$8,877,587
Assets
$14,361,232
Liabilities
$4,168,230

Source: IRS Form 990. Selected filing: tax year 2025. Amounts in USD.

Leadership & pay

17 people listed

Executive titles in this filing

  • MARK LASSWELL (PRESIDENT)
  • MARY NOVAK (VICE PRESIDENT)
  • PHEOBE TREPP (EXECUTIVE DIRECTOR)

Highest reported compensation

  • PHEOBE TREPP (EXECUTIVE DIRECTOR): $174,067 total reported compensation

Source: IRS Form 990. Selected filing: tax year 2025. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

The mission of clare housing is to provide a continuum of affordable and supportive housing options that create healing communities and optimize the health of people living with HIV/AIDS.

What it reported doing in 2025

Clare housing operates three community-based care homes that are staffed 24/7, each serving four residents who are HIV positive, significantly disabled and often need reliable care and support to live outside of a nursing home. Staff provides rehabilitation support to those needing to stabilize their health before returning to independent living and long-term care to those disabled by HIV/AIDS. Additionally, clare housing provides end of life care to those at the terminal stage of the disease. Staff also assists those who need a deeper level of care because of dementia and mental health conditions, physical frailty, inability to manage household activities, take prescribed medications, and prepare adequate nutrition.clare housing operates permanent, affordable service-enriched housing and served 192 low-income residents who are formerly or at risk of homelessness at four supportive housing sites: clare apartments, clare midtown, clare terrace, and clare marshall flats. These sites also provide home care opportunities for residents who require a higher level of support, such as, nursing care, medication administration, hands on assistance with activities of daily living, and building independent living skills for those living with HIV/AIDS.clare housing provided scattered site supportive housing for 117 households throughout the twin cities metro area. Housing is provided for households that meet the state of Minnesota's definition of long-term homelessness, with a target population of individuals and families that are living with HIV/AIDS.clare housing provided services to greater mn with a short-term rent, mortgage, and utilities (strmu) assistance program and served 112 inividuals living with HIV/AIDS. In addition, clare housing continued opertating the hotel-to-housing program, serving 18 individuals living with HIV/AIDS in the twin cities metro area, providing short-term hotel housing while assisting the individual search for permanent housing.clare housing opened a new low-barrier housing project, indigo house, that served 6 residents and provides 24/7 on-site support services, weekly on-site nursing care, and on-site care coordination.

Operating model

Revenue model
Mixed. Its operating money came from several sources; no one source provided a clear majority.
Distribution model
Direct operator. The filing allocates 100% of reported program-service expenses outside its grant, affiliate-payment, and member-benefit lines. This expense classification does not rule out separately announced grant awards.
  • Includes noncash contributions: Reported contributions include donated property or goods.

The verdict

SUPPORTED - A large share of available resources goes toward mission work and the filed numbers largely add up. Few specific pay-setting methods are documented in the filing; unanswered boxes are not proof of absence and fundraising costs are high for each dollar raised.

Rating breakdown

  • Financial Efficiency: 70
  • Transparency & Controls: 69
  • Accountability: 100
  • Sustainability: 64
  • Growth: 100

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 66.1%; rating input score 66
  • Program expense ratio: 84.3%; rating input score 84
  • Fundraising efficiency: $16.69 raised per $1 spent on fundraising; rating input score 49; 49th percentile among comparable filings

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 64th percentile among comparable filings
  • Pay-setting controls: 0 of 6 controls in place; rating input score 0
    • Compensation committee: Missing
    • Independent consultant: Missing
    • Other Form 990s reviewed: Missing
    • Written employment contract: Missing
    • Compensation survey or study: Missing
    • Board or committee approval: Missing
  • Foreign activity oversight: Limited
  • Grant itemization coverage: Limited
  • Major donor itemization: Yes; rating input score 100
  • Related-party transparency: Limited

Accountability

  • Independent voting board: 100%; rating input score 100; 64th percentile among comparable filings
  • Governance controls: 8 of 8 controls in place; rating input score 100
    • Conflict-of-interest policy: Pass
    • Whistleblower policy: Pass
    • Document-retention policy: Pass
    • CEO compensation review process: Pass
    • Other executive compensation review process: NotApplicable
    • Form 990 shared with the board: Pass
    • Board meeting minutes documented: Pass
    • Audit committee oversight: Pass
    • Independent financial-statement audit: Pass

Sustainability

  • Operating margin: 21.9%; rating input score 78; 78th percentile among comparable filings
  • Total-asset coverage ratio: 1.62; rating input score 44; 44th percentile among comparable filings
  • Liabilities to assets ratio: 0.29; rating input score 42; 42nd percentile among comparable filings
  • Officer compensation ratio: 2%; rating input score 80; 80th percentile among comparable filings

Growth

  • Program expense growth: 9.1% per year; rating input score 100; 63rd percentile among comparable filings
  • Revenue growth: 7% per year; rating input score 100; 57th percentile among comparable filings
  • Asset growth: 6.5% per year; rating input score 100; 46th percentile among comparable filings

Details

  • Where the money goes: 66.1% of revenue deployed · 84.3% of spending went to programs
  • Governance: 16 of 16 board members independent · 8 of 8 filing controls reported
  • Programs: 1 filed program accomplishment · $7.5M in reported program spending
  • Leadership: top reported pay $174K · 17 people listed · 0 of 6 pay-setting controls reported
  • Highest-paid contractors: 2 contractors listed · $348K reported
  • Consistency: 32 of 32 current checks pass
  • Schedules: 8 filed schedules · includes major donors and executive pay
  • Filing history: 16 filing years from 2009 to 2025
  • Contacts: How to reach this organization
  • Money network: 1 filed money-flow record
  • Related organizations: 7 filed related-organization links
  • Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
  • People: Everyone the filings name, and which of them the filings identify by more than a name.

Key Signals

Signals prioritize questions for review. They are not findings of misconduct.

Grant-readiness screening is separate from the live rating, not a measure of program quality. Review the source records before making a grant decision.

  • High — Transparency & Controls: Pay-setting controls scored 0/100.
  • Moderate — Financial Efficiency: Fundraising efficiency scored 49/100.
  • Moderate — Sustainability: Total-asset coverage ratio scored 44/100.
  • Moderate — Sustainability: Liabilities to assets ratio scored 42/100.
  • High — Grant Readiness: Federal audit findings: this organization reported findings in its latest federal Single Audit.