Partners for Affordable Housing

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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

1984

Legal Domicile

Principal Officer

Trisha Anderson

Phone

5073872115

Tax Period

2024-07-01 to 2025-06-30

Partners for Affordable Housing, founded in 1984, is a community nonprofit that reported $1.9M in total revenue in fiscal year 2024.

Mission

Partners for Affordable Housing is missioned to provide shelter for homeless families and individuals and help them secure economically viable long term housing. The Organization owns and operates a number of scattered site housing facilities that provide emergency, transitional and permanent housing options to homeless and/or at-risk individuals and families in the Mankato area.

Program Service Accomplishments

Program 1

Expenses: $684,202 Revenue: $112,208

Transitional Housing: Partners for Affordable Housing opened the Welcome Inn Transitional Living Center the summer of 1985. Committed to serving homeless families and individuals, it provides housing and access to a social worker and other supportive services. Currently, the Welcome Inn has 5 bedrooms with up to 3 beds each.

Program 2

Expenses: $172,250 Revenue: $149,977

Permanent Housing: Our agency also provides some permanent and affordable housing for low-income individuals and families and those with special needs in order to help combat high rental costs that...

Program 3

Expenses: $554,761 Revenue: $67,159

Emergency Shelter: Though it offers a wide range of housing options for low-income families and individuals, Partners for Affordable Housing is probably best known as Mankato's "homeless shelter"...

Emergency Shelter: Though it offers a wide range of housing options for low-income families and individuals, Partners for Affordable Housing is probably best known as Mankato's "homeless shelter" offering emergency housing to those experiencing a temporary housing crisis. Theresa House and the Welcome Inn, located next door to each other, offer temporary respite to as many as 11 households at any given time. Case management services and skills classes augment the housing services provided. In 2018, Partners for Affordable Housing opened the St. Peter Motel offering 11 units available for emergency, transitional and longer-term housing. We served 210 individuals at the three Emergency Shelters.

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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%)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $1,479,596

Program Service Revenue $329,344

Investment Income $55,514

Other Revenue $-4,743

TOTAL REVENUE $1,859,711

Expense Breakdown

Grants Paid $313,886

Salaries & Benefits $1,003,463

Fundraising Expenses $25,087

Program Expenses $1,411,213

Other Expenses $541,851

TOTAL EXPENSES $1,859,200

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,859,711	$1,803,014	+0.0%
Expenses	$1,859,200	$2,030,321	-0.1%
Net Income	$511	$-227,307	-1.0%

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

Governance

Voting Members

Independent Members

Employees

Volunteers

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

$76,532

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Benjamin Chapman	Chair	4.00	Officer Director	$0	$0	$0
Krista Dinsmore	Vice Chair	4.00	Officer Director	$0	$0	$0
Brittany Stover	Treasurer	2.00	Officer Director	$0	$0	$0
Brenda TeVogt	Secretary	2.00	Officer Director	$0	$0	$0
David Cowan	Member	2.00	Director	$0	$0	$0
Jacob Sherlock	Member	2.00	Director	$0	$0	$0
Mark Piepho	Member	2.00	Director	$0	$0	$0
Rick Miller	Member	2.00	Director	$0	$0	$0
Melissa Carlson	Member	2.00	Director	$0	$0	$0
Trisha Anderson	Executive Director	40.00	Officer	$73,754	$2,778	$76,532

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	$1,859,711	$1,859,200	$2,448,291	$511
2024	$1,803,014	$2,030,321	$2,303,190	$-227,307
2023	$1,841,292	$1,778,128	$2,541,359	$63,164
2022	$1,882,492	$1,742,507	$2,416,600	$139,985
2021	$1,506,480	$1,345,509	$2,332,360	$160,971
2020	$1,181,828	$1,101,012	$2,226,547	$80,816
2019	$914,990	$986,960	$2,068,274	$-71,970
2018	$1,085,395	$860,597	$2,256,876	$224,798