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Filing year 2023

FAITH HAVEN INCORPORATED

Duluth, Minnesota·EIN 23-7029195·NTEE L22 · Housing & Shelter·501(c)(3)
Total revenue
$1.4M
Total assets
$2.6M
Total expenses
$984k
Reported officers
11
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.

Executive compensation

Form 990 · Part VII & Schedule J · 11 reported individuals · Filing year 2023

Percentile bands compare each position's total pay with the same role at Housing & Shelter organizations nationwide.

Manager
Key Employee
Median to 75th percentile
$85k
$93k
President
Below 10th percentilevs Housing & Shelter peers in Minnesota
$2k
$2k
Treasurer
Below 10th percentilevs Housing & Shelter peers in Minnesota
$1k
$1k
Board Member
Below 10th percentile
$1k
$1k
Board Member
Below 10th percentile
$1k
$1k
Board Member
Below 10th percentile
$1k
$1k
Board Member
Below 10th percentile
$1k
$1k
Secretary
Secretary (Operational)
Below 10th percentile
$1k
$1k
Board Member
Below 10th percentile
$875
$967
Vice President
Board Vice President
Below 10th percentilevs Housing & Shelter peers in Minnesota
$875
$967
Board Member
Below 10th percentile
$875
$967

Teal figures restate each filed amount in 2026 dollars.

Estimated with BLS CPI-U for the Midwest region, restating filed pay into May 2026 dollars. A restatement of past pay, not current or projected pay.

Browse compensation in Housing & Shelter

Pay in context

Top pay as a share of expenses

In 2023, the highest total compensation at FAITH HAVEN INCORPORATED equaled 9% of the organization's total expenses. The median for housing & shelter organizations is 7%.

This organization (2023)
9%
Sector median
7%
Middle half of sector
3% to 16%

Based on 7,888 housing & shelter organizations, each measured at its most recent filing year with reported expenses and compensation.

Funded by

Private foundations whose Form 990-PF Part XV grants matched this organization.

Up 21%
from 2022

From $70k in 2022 to $85k in 2023.

$70k
2022
$85k
2023
In today's dollarsEst.
Up 16% in real terms$80k to $93k

Estimated with BLS CPI-U for the Midwest region, restating filed pay into May 2026 dollars. A restatement of past pay, not current or projected pay.

Pay for the position

Key Employee pay rose 21% from 2022 to 2023, while revenue rose 38%.

$70k in 2022 to $85k in 2023.
  • Chief Executive Officer pay fell 47% from 2022 to 2023.
  • Chief Financial Officer pay fell 52% from 2022 to 2023.

Pay for the position itself, not any one person. The officeholder may have changed between 2022 and 2023.

Highest reported compensation in each year. Volunteer board members and partial-year payouts are filtered out.

Among peers

Revenue and top compensation, plotted against similar organizations. This organization is highlighted in cyan.

FAQ

Common questions about FAITH HAVEN INCORPORATED

What does the Key Employee of FAITH HAVEN INCORPORATED earn?

In 2023, the Key Employee of FAITH HAVEN INCORPORATED received $84,579 in total compensation. This pay is above the median (the midpoint) for Key Employee roles among Housing & Shelter organizations nationwide, within the top half of comparable filings. Based on IRS Form 990 data.

How does Key Employee pay at FAITH HAVEN INCORPORATED compare with similar nonprofits?

Compared with the same role at Housing & Shelter organizations nationwide, the 2023 pay of the Key Employee at FAITH HAVEN INCORPORATED falls between the median and the 75th percentile. In 2023, the highest total compensation at FAITH HAVEN INCORPORATED equaled 9% of the organization's total expenses. The median for housing & shelter organizations is 7%.

What are FAITH HAVEN INCORPORATED's revenue and expenses?

In 2023, FAITH HAVEN INCORPORATED reported $1.4M in total revenue and $984k in total expenses on its IRS Form 990.

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