COMMUNITY NEIGHBORHOOD HOUSING SER… - Form 990 Financial Data

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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

1981

Legal Domicile

Principal Officer

JASON PETERSON

Phone

6512928710

Tax Period

2023-10-01 to 2024-09-30

COMMUNITY NEIGHBORHOOD HOUSING SERVICES, founded in 1981, is a community nonprofit in the Housing & Shelter sector that reported $4.7M in total revenue in fiscal year 2023. Revenue grew 15% year-over-year, indicating healthy expansion. The organization ran a surplus of $2.5M, a strong 52% operating margin.

Mission

OUR MISSION IS "EMPOWERING INDIVIDUALS AND COMMUNITIES BY HELPING PEOPLE, BUY, FIX AND KEEP THEIR HOMES". TO FURTHER THIS WORK, WE PROVIDE HOMEOWNERSHIP EDUCATION AND ADVISING AS WELL AS RESIDENTIAL COMMUNITY LENDING PROGRAMS TO FAMILIES ALL ACROSS MINNESOTA WITH A SPECIAL EMPHASIS ON THE TWIN CITIES METRO AREA.

Program Service Accomplishments

Program 1

Expenses: $945,263 Revenue: $594,066

COMMUNITY LENDING PROGRAM PROVIDING DOWN PAYMENT ASSISTANCE AND HOME REPAIR LOANS TO LOW-TO-MODERATE-TO-MIDDLE INCOME FAMILIES (AS DEFINED BY HUD) WHO WOULD NOT LIKELY QUALIFY FOR THESE FUNDS FROM A TRADITIONAL LENDING INSTITUTION. IN FISCAL YEAR 2024, 301 DOWN PAYMENT LOANS WERE PROVIDED TOTALING $5,450,268 IN FUNDS. IN ADDITION, 77 HOME REPAIR LOANS WERE PROVIDED TOTALING $2,295,090 IN FUNDS.

Program 2

Expenses: $274,848 Revenue: $12,034

HUD APPROVED COUNSELING AND EDUCATION SERVICES WERE PROVIDED TO FAMILIES TO HELP THEM BUY OR KEEP WHAT IS LIKELY ONE OF THE BIGGEST PURCHASES IN THEIR LIVES - THEIR HOME. IN FY24, 964 FAMILIES...

HUD APPROVED COUNSELING AND EDUCATION SERVICES WERE PROVIDED TO FAMILIES TO HELP THEM BUY OR KEEP WHAT IS LIKELY ONE OF THE BIGGEST PURCHASES IN THEIR LIVES - THEIR HOME. IN FY24, 964 FAMILIES RECEIVED THESE SERVICES.

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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 (2023)

Revenue Breakdown

Contributions & Grants $3,850,280

Program Service Revenue $606,100

Investment Income $252,584

Other Revenue $0

TOTAL REVENUE $4,708,964

Expense Breakdown

Grants Paid $207,000

Salaries & Benefits $1,495,724

Fundraising Expenses $67,627

Program Expenses $1,220,111

Other Expenses $546,692

TOTAL EXPENSES $2,249,416

Year-over-Year Comparison

	2023	2022	Change
Revenue	$4,708,964	$4,082,998	+0.2%
Expenses	$2,249,416	$2,031,475	+0.1%
Net Income	$2,459,548	$2,051,523	+0.2%

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

$420,152

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MIKE MORRELL	PRESIDENT	2.00	Officer Director	$0	$0	$0
KRISSI MILLS	VICE PRESIDENT	2.00	Officer Director	$0	$0	$0
DAVE ZASTROW	SECRETARY	2.00	Officer Director	$0	$0	$0
KATELYN SHEHU	TREASURER	2.00	Officer Director	$0	$0	$0
JOEL ISENBERGER	VICE CHAIR	2.00	Officer Director	$0	$0	$0
JOE CHOW	DIRECTOR	1.50	Director	$0	$0	$0
KEVIN KNASE	DIRECTOR	1.00	Director	$0	$0	$0
MAI LEE YANG	DIRECTOR	1.00	Director	$0	$0	$0
JUSTIN HOULE	DIRECTOR	1.50	Director	$0	$0	$0
RANDY NELSON	DIRECTOR	1.00	Director	$0	$0	$0
BRIAN DEPPE	DIRECTOR	1.00	Director	$0	$0	$0
MARK NETTESHEIM	CHAIR	2.00	Officer Director	$0	$0	$0
WILLIAM FLOWERS	DIRECTOR	1.00	Director	$0	$0	$0
JUSTINE LOGELIN	DIRECTOR	1.00	Director	$0	$0	$0
JEN JANG	DIRECTOR	1.00	Director	$0	$0	$0
ASHLYN CRAWFORD	DIRECTOR	1.00	Director	$0	$0	$0
KAELA SEAY	DIRECTOR	1.00	Director	$0	$0	$0
MIKE SCHOKMILLER	DIRECTOR	1.00	Director	$0	$0	$0
SONDRA BRENEMAN	DIRECTOR	1.00	Director	$0	$0	$0
JASON PETERSON	CEO	39.75	Officer	$156,117	$22,385	$178,502
KJIRSTEN JOHNSON	CFO	39.75	Officer	$115,316	$22,154	$137,470
BETH HYSER	CPO	38.00	Officer	$98,175	$6,005	$104,180

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	$4,708,964	$2,249,416	$22,605,389	$2,459,548
2023	$4,082,998	$2,031,475	$20,483,021	$2,051,523
2022	$2,887,334	$3,082,344	$17,714,539	$-195,010
2021	$11,840,532	$7,249,640	$22,327,379	$4,590,892
2020	$2,526,735	$1,535,543	$17,559,175	$991,192
2019	$3,460,758	$1,472,279	$16,054,615	$1,988,479
2018	$2,923,463	$1,929,003	$14,187,631	$994,460

COMMUNITY NEIGHBORHOOD HOUSING SERVICES