MINNESOTA HOUSING PARTNERSHIP

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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

1989

Legal Domicile

Principal Officer

ANNE MAVITY

Phone

6126491710

Tax Period

2024-10-01 to 2025-09-30

MINNESOTA HOUSING PARTNERSHIP, founded in 1989, is a community nonprofit that reported $3.3M in total revenue in fiscal year 2024. Revenue surged 20% from the prior year, signaling strong growth momentum. The organization ran a surplus of $498K, a strong 15% operating margin.

Mission

MINNESOTA HOUSING PARTNERSHIP (MHP) EXPANDS HOUSING AND COMMUNITY DEVELOPMENT OPPORTUNITY BY LEADING COLLABORATIVE WORK TO PROMOTE SYSTEMS CHANGE AND GROW DEVELOOPMENT CAPACITY.

Program Service Accomplishments

Program 1

Expenses: $1,349,570 Revenue: $28,127

COMMUNITY DEVELOPMENT--MHP HELPS ORGANIZATIONS IDENTIFY RESOURCES AND DEVELOP THE KNOWLEDGE THEY NEED TO CREATE AND PRESERVE HOUSING AND COMMUNITY ASSETS. FROM INNOVATIVE COMMUNITY PLANNING PROCESSES TO KNOWLEDGE OF COMPLEX FEDERAL PROGRAMS, OUR EXPERTISE BUILDS EFFECTIVE --AND LASTING-- COLLABORATION AMONG COMMUNITY LEADERS.

Program 2

Expenses: $553,710

POLICY--MHP DRIVES EFFORTS FOR SMART HOUSING POLICIES AND MOBILIZES CHAMPIONS IN SUPPORT OF AFFORDABLE HOUSING INVESTMENT FOR THOSE WHO NEED IT MOST.

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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 (2024)

Revenue Breakdown

Contributions & Grants $3,255,534

Program Service Revenue $0

Investment Income $20,004

Other Revenue $28,127

TOTAL REVENUE $3,303,665

Expense Breakdown

Grants Paid $102,944

Salaries & Benefits $2,150,608

Fundraising Expenses $179,623

Program Expenses $1,903,280

Other Expenses $552,024

TOTAL EXPENSES $2,805,576

Year-over-Year Comparison

	2024	2023	Change
Revenue	$3,303,665	$2,746,530	+0.2%
Expenses	$2,805,576	$3,131,543	-0.1%
Net Income	$498,089	$-385,013	-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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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

200

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

$176,613

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
LUCAS FRANCO	CHAIR	3.00	Officer Director	$0	$0	$0
NICK PLACE	TREASURER	3.00	Officer Director	$0	$0	$0
TARA BEARD	MEMBER	1.00	Director	$0	$0	$0
CECILE BEDOR	MEMBER	1.00	Director	$0	$0	$0
TRENT BOWMAN	MEMBER	1.00	Director	$0	$0	$0
RUTH BUFFALO	MEMBER	1.00	Director	$0	$0	$0
LEANN LITTLEWOLF	MEMBER	1.00	Director	$0	$0	$0
JENNY LARSON	VICE CHAIR	3.00	Officer Director	$0	$0	$0
ERIN MATHERN	MEMBER	1.00	Director	$0	$0	$0
JULIA NELMARK	MEMBER	1.00	Director	$0	$0	$0
AMANDA NOVAK	MEMBER	1.00	Director	$0	$0	$0
ELFRIC PORTE II	MEMBER	1.00	Director	$0	$0	$0
PAULA PRAHL	MEMBER	1.00	Director	$0	$0	$0
MELISSA TAPHORN	MEMBER	1.00	Director	$0	$0	$0
MIRANDA WALKER	MEMBER	1.00	Director	$0	$0	$0
ANNE MAVITY	EXECUTIVE DIRECTOR	40.00	Officer	$167,261	$9,352	$176,613
DANIEL ATUNAH-JAY	DIRECTOR OF FINANCE AND HR	40.00	Highest	$110,754	$0	$110,754
ELIZABETH GLIDDEN	DEPUTY EXECUTIVE DIRECTOR	40.00	Highest	$127,475	$0	$127,475
LIBBY MURPHY	DIRECTOR OF POLICY	40.00	Highest	$104,421	$0	$104,421
LEAH HALL LERAAS	DIRECTOR OF COMMUNITY DEVELOPMENT	40.00	Highest	$120,490	$0	$120,490
LUKE AVERY	DIRECTOR OF FUND DEVELOPMENT	40.00	Highest	$102,533	$0	$102,533

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	$3,303,665	$2,805,576	$2,191,936	$498,089
2024	$2,746,530	$3,131,543	$1,730,673	$-385,013
2023	$3,135,018	$3,339,506	$2,220,440	$-204,488
2022	$2,401,116	$2,629,052	$2,330,685	$-227,936
2021	$3,031,294	$2,495,674	$2,932,109	$535,620
2020	$1,945,503	$2,567,808	$2,287,715	$-622,305
2019	$3,288,585	$2,705,334	$2,670,749	$583,251
2018	$2,127,871	$2,725,889	$2,160,270	$-598,018