Vita Nova
Nonprofit profile at a glance
- EIN
- 271354662
- IRS 990-EZ coverage
- 2024–2024
- Forms available
- Form 990 2023, Form 990-EZ 2024, Form 990-N 2022
- Location
- Duluth, MN, USA
- Phone
- 2184512192
- Rating
- 73
- Verdict
- SUPPORTED
- Rating confidence
- Moderate
- Sector
- Rehabilitation Services for Offenders
Reported finances
- Revenue
- $68,306
- Expenses
- $48,764
- Assets
- $369,426
- Liabilities
- $4,351
Source: IRS Form 990-EZ. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
8 people listed
People named in this filing
- Stacy Radosevich (Co-Chair)
- Elise Strader (Co-Chair)
- Richard Howell (Vice Chair)
Selected names, not a complete roster or a statement of current roles. Open leadership details for the complete filed list.
Source: IRS Form 990-EZ. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
Our mission is to provide dignified housing and supportive services to formerly incarcerated individuals. Vita Nova (formerly HFI) owns a triplex in Observation Hill where we provide transitional housing to men with felony backgrounds. Individuals with felony backgrounds struggle to find stable housing, which leads to difficult returning to community, becoming employed, and many other challenges. We also provide Health Realization programming, which supports individuals to reunify with their families, helps them recover from substance use disorders, and provides them with a weekly support group that helps them overcome barriers in their lives.
What it reported doing in 2024
Transitional housing is provided to men with felony backgrounds who are recently released from incarceration. Residents are provided with a structured environment with rules that generally align with the conditions of their probation or parole, including no drug or alcohol use, curfew, and employment requirements. Residents are provided with case management, support to attain employment, and other services through other nonprofits with which Vita Nova partners. In fiscal year 2024-25 we provided transitional housing to seven residents at our triplex. All of them were employed soon after release, and one moved on to his own apartment in spring 2025.
Operating model
- Revenue model
- Donor-supported. 70% of the money available for current operations came from contributions and gifts.
- 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.
The verdict
SUPPORTED - The filed numbers largely add up and revenue comfortably covers expenses. A relatively small share of available resources goes toward mission work and revenue has declined or grown slowly.
Rating breakdown
- Financial Efficiency: 56
- Transparency & Controls: 100
- Sustainability: 74
- Growth: 20
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 48.4%; rating input score 48
- Program expense ratio: 67.8%; rating input score 68
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 52nd percentile among comparable filings
- Major donor itemization: Yes; rating input score 100
Sustainability
- Operating margin: 28.6%; rating input score 80; 80th percentile among comparable filings
- Total-asset coverage ratio: 7.58; rating input score 89; 89th percentile among comparable filings
- Liabilities to assets ratio: 0.01; rating input score 28; 28th percentile among comparable filings
- Officer compensation ratio: 0%; rating input score 56; 56th percentile among comparable filings
Growth
- Program expense growth: Limited
- Revenue growth: -138.3% per year; rating input score 0; 1st percentile among comparable filings
- Asset growth: 6.7% per year; rating input score 100; 63rd percentile among comparable filings
Details
- Where the money goes: 48.4% of revenue deployed · 67.8% of spending went to programs
- Governance: Filed governance answers
- Accomplishments: 1 filed program accomplishment · $33K in reported program spending
- Leadership: top reported pay $0 · 8 people listed
- Consistency: 9 of 9 current checks pass
- Schedules: 3 filed schedules
- Contacts: How to reach this organization
- Money network: Resolved incoming and outgoing counterparties from filed money flows.
- 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.
- Moderate — Financial Efficiency: Mission deployment rate scored 48/100.
- High — Growth: Revenue growth scored 0/100.
- High — Sustainability: Liabilities to assets ratio scored 28/100.
- Review — Sustainability: Officer compensation ratio scored 56/100.