MODEL CITIES PROPERTIES

EIN: 364661878 501(c)(3) Housing & Shelter

ST PAUL, MN

Total Revenue
$1,932,986
Total Expenses
$1,111,932
Total Assets
$9,067,158
Net Assets
$1,478,228
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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
2009
Legal Domicile
MN
Principal Officer
KIZZY L DOWNIE
Phone
6516328350
Tax Period
2024-01-01 to 2024-12-31

MODEL CITIES PROPERTIES, founded in 2009, is a community nonprofit in the Housing & Shelter sector that reported $1.9M in total revenue in fiscal year 2024. Revenue surged 56% from the prior year, signaling strong growth momentum. The organization ran a surplus of $821K, a strong 42% operating margin.

Mission

TO OPERATE FOR THE BENEFIT OF MODEL CITIES OF ST. PAUL, INC. AND MODEL CITIES COMMUNITY DEVELOPMENT CORPORATION.

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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 $1,035,539
Program Service Revenue $780,458
Investment Income $9
Other Revenue $116,980
TOTAL REVENUE $1,932,986

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $15,108
Program Expenses $804,022
Other Expenses $1,111,932
TOTAL EXPENSES $1,111,932

Year-over-Year Comparison

2024 2023 Change
Revenue $1,932,986 $1,236,844 +0.6%
Expenses $1,111,932 $1,111,533 +0.0%
Net Income $821,054 $125,311 +5.6%
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
11
Independent Members
10
Employees
N/A
Volunteers
9

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
3
$114,894
Total Directors
11
$114,894
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
KIZZY DOWNIE CEO/BOARD SECRETARY 20.00
Officer Director
$0 $9,356 $114,894
OSBORNE STRICKLAND CHAIR 0.50
Officer Director
$0 $0 $0
BRENDA BAILEY TREASURER 0.50
Officer Director
$0 $0 $0
JUDITH AMINMENTSE DIRECTOR 0.50
Director
$0 $0 $0
DANIEL ATUNAH-JAY DIRECTOR 0.50
Director
$0 $0 $0
BRENDA BOLAR FORD DIRECTOR 0.50
Director
$0 $0 $0
PETER MAY DIRECTOR 0.50
Director
$0 $0 $0
MARILYN PORTER DIRECTOR 0.50
Director
$0 $0 $0
JOHNATHAN COOPER DIRECTOR 0.50
Director
$0 $0 $0
HEIDI LEISE DIRECTOR 0.50
Director
$0 $0 $0
AMY SCHWABE DIRECTOR 0.50
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
2024 $1,932,986 $1,111,932 $9,067,158 $821,054
2023 $1,236,844 $1,111,533 $9,046,118 $125,311
2022 $732,722 $1,060,143 $8,976,818 $-327,421
2021 $753,626 $964,254 $9,312,230 $-210,628
2020 $679,057 $914,167 $9,472,023 $-235,110
2019 $599,217 $824,956 $9,688,784 $-225,739
2018 $839,571 $770,263 $9,993,402 $69,308
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