CENTRAL MINNESOTA HABITAT FOR HUMA… - 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

1988

Legal Domicile

Principal Officer

DAVID FERIANCEK

Phone

3206568890

Tax Period

2023-07-01 to 2024-06-30

CENTRAL MINNESOTA HABITAT FOR HUMANITY, founded in 1988, is a community nonprofit that reported $1.2M in total revenue in fiscal year 2023. Revenue fell 31% from the prior year — a significant decline worth monitoring.

Mission

SEEKING TO PUT GOD'S LOVE INTO ACTION, CENTRAL MINNESOTA HABITAT FOR HUMANITY BRINGS PEOPLE TOGETHER TO BUILD HOMES, COMMUNITIES, AND HOPE TO REALIZE OUR VISION OF A WORLD WHERE EVERYONE HAS A DECENT PLACE TO LIVE. CENTRAL MINNESOTA HABITAT FOR HUMANITY ADHERES TO A STRICT NON-PROSELYTIZING POLICY AND WILL NOT BASE AN OFFER OF ASSISTANCE ON THE EXPRESSED OR IMPLIED CONDITION THAT PEOPLE ADHERE TO OR CONVERT TO A PARTICULAR FAITH OR LISTEN AND RESPOND TO MESSAGING DESIGNED TO INDUCE CONVERSION TO A PARTICULAR FAITH.

Program Service Accomplishments

Program 1

Expenses: $1,018,633 Revenue: $528,263

PEOPLE IN NEED OF A DECENT PLACE TO LIVE BUILD SAFE AND AFFORDABLE HOMES IN PARTNERSHIP WITH US. HABITAT HOUSES ARE MODESTLY SIZED. THEY ARE LARGE ENOUGH FOR THE INHABITANTS' NEEDS, BUT SMALL ENOUGH TO KEEP CONSTRUCTION AND MAINTENANCE COSTS AFFORDABLE. BY USING THE LABOR OF VOLUNTEERS AND PROSPECTIVE HOMEOWNERS, EMPLOYING EFFICIENT BUILDING METHODS, KEEPING HOUSE SIZES MODEST, USING DONATED CONSTRUCTION MATERIALS AND APPLIANCES, AND ISSUING NO-PROFIT LOANS, HABITAT MAKES ITS HOUSES AFFORDABLE FOR LOW-INCOME CLIENTS TO PURCHASE. AFFORDABLE HOMEOWNERSHIP HELPS CREATE THE CONDITION THAT FREE PEOPLE FROM INSTABILITY, STRESS, AND FEAR AND ENCOURAGE SELF-RELIANCE AND CONFIDENCE. STUDIES SHOW THAT STRONG AND STABLE HOUSEHOLDS ARE FOUNDATIONAL TO CHILD DEVELOPMENT AND GROWTH. WHEN A HOME FOSTERS INSTEAD OF HINDERS HEALTH AND SAFETY, PEOPLE CAN FLOURISH. OWNING AN AFFORDABLE HOME ALSO ALLOWS HOMEOWNERS TO LIFT UP THEIR ENTIRE FAMILY BY SAVING FOR THEIR FUTURES AND INVESTING IN EDUCATIONAL OPPORTUNITIES, BOLSTERING JOB OPPORTUNITIES AND LONG-TERM CAREER GROWTH.

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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 $730,107

Program Service Revenue $298,089

Investment Income $230,174

Other Revenue $-9,573

TOTAL REVENUE $1,248,797

Expense Breakdown

Grants Paid $1,000

Salaries & Benefits $460,434

Fundraising Expenses $124,432

Program Expenses $1,018,633

Other Expenses $869,463

TOTAL EXPENSES $1,330,897

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,248,797	$1,817,470	-0.3%
Expenses	$1,330,897	$2,514,269	-0.5%
Net Income	$-82,100	$-696,799	-0.9%

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

295

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

$44,207

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
CHAD BOULEY	EXECUTIVE DIRECTOR	40.00	Officer	$43,196	$1,011	$44,207
TODD ZAUN	PRESIDENT	1.00	Officer Director	$0	$0	$0
AYAN OMAR	VICE-PRESIDENT	1.00	Officer Director	$0	$0	$0
SCOTT SHOSTED	TREASURER	1.00	Officer Director	$0	$0	$0
CHAD PETERSON	SECRETARY	1.00	Officer Director	$0	$0	$0
MICHAELA BARRETT	MEMBER	1.00	Director	$0	$0	$0
TERRYLL BENIEK	MEMBER	1.00	Director	$0	$0	$0
EMILY BEZDICEK	MEMBER	1.00	Director	$0	$0	$0
MARK BRANSON	MEMBER	1.00	Director	$0	$0	$0
VINCE DROBNIAK	MEMBER	1.00	Director	$0	$0	$0
BRENDA EISENSCHENK	MEMBER	1.00	Director	$0	$0	$0
DAVID FERIANCEK	MEMBER	1.00	Director	$0	$0	$0
DOREEN MEIER	MEMBER	1.00	Director	$0	$0	$0
FRED SANDAL	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	$1,248,797	$1,330,897	$4,529,015	$-82,100
2023	$1,817,470	$2,514,269	$3,907,229	$-696,799
2022	$1,842,633	$1,483,180	$4,313,992	$359,453
2021	$1,658,816	$1,588,287	$3,720,866	$70,529
2020	$1,426,180	$1,707,653	$3,496,784	$-281,473
2019	$1,205,170	$1,240,760	$3,550,474	$-35,590

CENTRAL MINNESOTA HABITAT FOR HUMANITY