Holland Neighborhood Improvement Association

EIN: 411515461 501(c)(3)

Minneapolis, MN

Total Revenue
$227,868
Total Expenses
$586,662
Total Assets
$22,078
Net Assets
$22,078
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Financial Trends

Organization Details

Formation Year
1984
Legal Domicile
MN
Principal Officer
Steve Sylvester
Phone
6127812299
Tax Period
2018-06-01 to 2019-05-31

Holland Neighborhood Improvement Association, founded in 1984, is a small nonprofit that reported $228K in total revenue in fiscal year 2018. Revenue fell 44% from the prior year — a significant decline worth monitoring. Expenses of $587K exceeded revenue, resulting in a 157% operating deficit.

Mission

Neighborhood Revitalization To engage, educate, and empower residents and stakeholders of the Holland Neighborhood in challenges and solutions facing our community; to help build connections that create a more resilient community; and to work to further the implementation of the vision and goals of Holland stakeholders as laid out by the community over time.

Program Service Accomplishments

Program 1
Expenses: $565,237 Revenue: $5,469

HNIA has invested time and financial resources toward the development of the Edison Plaza & RiverFirst Demonstration Project - an environmental best practices demonstration area (featuring storm...

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HNIA has invested time and financial resources toward the development of the Edison Plaza & RiverFirst Demonstration Project - an environmental best practices demonstration area (featuring storm water management infrastructure and solar) and semi-public gathering space at Edison High School. This provides educational and access to potential career opportunities for inner-city youth HNIA hosted three well-attended events (a soup supper, a casserole cook-off, and a back-to-school BBQ) that brought out a total of almost 4000 people from the NE Minneapolis area across the three events, building connections for stakeholders including neighbors, public schools, and community leaders. HNIA worked to attract an affordable housing developer to an available property and is working to encourage the developer to build the highest quality project budget will allow. HNIA also revamped a long-neglected community garden that is heavily utilized by immigrants and began forming a partnership with local artists who wish to engage on environmental sustainability

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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 (2018)

Revenue Breakdown

Contributions & Grants $222,399
Program Service Revenue $5,469
Investment Income $0
Other Revenue $0
TOTAL REVENUE $227,868

Expense Breakdown

Grants Paid $373,865
Salaries & Benefits $9,333
Fundraising Expenses $1,218
Program Expenses $565,237
Other Expenses $203,464
TOTAL EXPENSES $586,662

Year-over-Year Comparison

2018 2017 Change
Revenue $227,868 $410,177 -0.4%
Expenses $586,662 $124,782 +3.7%
Net Income $-358,794 $285,395 -2.3%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Governance

Voting Members
7
Independent Members
7
Employees
3
Volunteers
300

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
8
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Steve Sylvester Board President 3.00
Officer Director
$0 $0 $0
Aaron Neumann Vice President 3.00
Officer Director
$0 $0 $0
Kurt Nowacki Treasurer 3.00
Officer Director
$0 $0 $0
Nicole Lian Secretary 3.00
Officer Director
$0 $0 $0
Ben Janssens Board member 2.00
Director
$0 $0 $0
Vanessa Hinrichs Board member 2.00
Director
$0 $0 $0
Cooper Hanning Board member 2.00
Director
$0 $0 $0
Hallie Stevens Board member 2.00
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
2019 $227,868 $586,662 $22,078 $-358,794
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