SEVEN CORNERS COMMUNITY HOUSING CORPORATION (EIN 411464430) - Form 990 Financial Analysis & Trantor Score

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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

1982

Legal Domicile

Principal Officer

TIM MUNGAVAN

Phone

6126730478

Tax Period

2023-07-01 to 2024-06-30

SEVEN CORNERS COMMUNITY HOUSING CORPORATION, founded in 1982, is a community nonprofit in the Housing & Shelter sector that reported $3.4M in total revenue in fiscal year 2023.

Mission

PROVIDE AFFORDABLE HOUSING FOR INDIVIDUALS AND FAMILIES IN MINNEAPOLIS, MINNESOTA.

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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 $0

Program Service Revenue $3,381,094

Investment Income $40,522

Other Revenue $0

TOTAL REVENUE $3,421,616

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $3,653,766

Other Expenses $3,653,766

TOTAL EXPENSES $3,653,766

Year-over-Year Comparison

	2023	2022	Change
Revenue	$3,421,616	$3,296,573	+0.0%
Expenses	$3,653,766	$3,663,643	0.0%
Net Income	$-232,150	$-367,070	-0.4%

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

N/A

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
TIM MUNGAVAN	TREASURER	3.00	Officer Director	$0	$0	$0
BRIAN HANNINEN	PRESIDENT	1.00	Officer Director	$0	$0	$0
DAVID SWANSON	SECRETARY	1.00	Officer Director	$0	$0	$0
NIIOBLITE HARPER	BOARD MEMBER	1.00	Director	$0	$0	$0
DAN WALSH	BOARD MEMBER	1.00	Director	$0	$0	$0
SCOTT WILLIAMS	BOARD MEMBER	1.00	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	No data	No data	No data	No data
2024	$3,421,616	$3,653,766	$8,256,582	$-232,150
2023	$3,296,573	$3,663,643	$8,990,970	$-367,070
2022	$3,192,447	$3,480,481	$9,179,603	$-288,034
2021	$3,156,337	$3,294,344	$9,951,286	$-138,007
2020	$3,183,641	$3,333,058	$10,003,315	$-149,417
2019	$3,133,266	$3,326,931	$10,227,446	$-193,665

SEVEN CORNERS COMMUNITY HOUSING CORPORATION