MINNESOTA HOUSING PARTNERSHIP

EIN: 411649643 501(c)(3)

SAINT PAUL, MN

Total Revenue
$3,303,665
Total Expenses
$2,805,576
Total Assets
$2,191,936
Net Assets
$2,017,689
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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
MN
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) STRENGTHENS DEVELOPMENT CAPACITY AND PROMOTES SYSTEMS CHANGE TO EXPAND OPPORTUNITY, ESPECIALLY FOR THOSE WITH THE GREATEST NEED. WE SUPPORT, LEAD, AND COLLABORATE WITH A DIVERSITY OF PARTNERS TO STIMULATE INNOVATION AND DRIVE POSITIVE IMPACT IN AFFORDABLE HOUSING AND COMMUNITY DEVELOPMENT IN MINNESOTA AND BEYOND

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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 (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

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Governance

Voting Members
15
Independent Members
15
Employees
26
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
4
$176,613
Total Directors
15
$0
Key Employees
0
$0
Highest Compensated
5
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
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