AFFORDABLE HOMES FOR ALL

EIN: 273983571 501(c)(3) Housing & Shelter

MINNEAPOLIS, MN

Total Revenue
$877,939
Total Expenses
$178,919
Total Assets
$30,615,013
Net Assets
$30,615,013
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Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year
2010
Legal Domicile
MN
Principal Officer
JOSEPH L HOLMBERG
Phone
6123770549
Tax Period
2024-07-01 to 2025-06-30

AFFORDABLE HOMES FOR ALL, founded in 2010, is a small nonprofit in the Housing & Shelter sector that reported $878K in total revenue in fiscal year 2024. Revenue decreased 7% compared to the prior year. The organization ran a surplus of $699K, a strong 80% operating margin.

Mission

TO PRESERVE AND BUILD AFFORDABLE HOMES FOR ALL

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $785,646
Investment Income $92,293
Other Revenue $0
TOTAL REVENUE $877,939

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $80,683
Other Expenses $178,919
TOTAL EXPENSES $178,919

Year-over-Year Comparison

2024 2023 Change
Revenue $877,939 $944,222 -0.1%
Expenses $178,919 $525,767 -0.7%
Net Income $699,020 $418,455 +0.7%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

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Governance

Voting Members
4
Independent Members
4
Employees
N/A
Volunteers
5

Governance Policies

Conflict of Interest Policy
Whistleblower Policy
Document Retention Policy

Special Practices & Reported Activities

Operated a School
Operated a Hospital
Provided First Class Travel
Reported Conflict of Interest
Reported Asset Diversion
Excess Benefit Transaction
Made Political Expenditures
Engaged in Lobbying
Operated Donor Advised Fund
Maintained Art Collections
Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
4
$0
Total Directors
4
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
JOHN MILLER CHAIR 1.00
Officer Director
$0 $0 $0
JOSEPH L HOLMBERG PRESIDENT 40.00
Officer Director
$0 $0 $0
BRUCE WILSON TREASURER 1.00
Officer Director
$0 $0 $0
NANCY HOLMBERG SECRETARY 1.00
Officer Director
$0 $0 $0
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2025 $877,939 $178,919 $30,615,013 $699,020
2024 $944,222 $525,767 $29,915,993 $418,455
2023 $886,079 $327,186 $29,497,538 $558,893
2022 $957,143 $761,714 $28,938,645 $195,429
2021 $916,584 $789,116 $28,744,277 $127,468
2020 $1,789,746 $1,715,576 $28,630,338 $74,170
2019 $907,631 $416,157 $28,582,015 $491,474
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