MINNESOTA ASSISTANCE COUNCIL FOR VETERANS

EIN: 411694717 501(c)(3) Employment

SAINT PAUL, MN

Total Revenue
$26,731,640
Total Expenses
$19,705,084
Total Assets
$32,423,809
Net Assets
$24,097,182
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1990
Legal Domicile
MN
Principal Officer
BRIAN PETERSON
Phone
6512918756
Tax Period
2023-01-01 to 2023-12-31

MINNESOTA ASSISTANCE COUNCIL FOR VETERANS, founded in 1990, is a mid-sized nonprofit in the Employment sector that reported $26.7M in total revenue in fiscal year 2023. Revenue surged 36% from the prior year, signaling strong growth momentum. The organization ran a surplus of $7.0M, a strong 26% operating margin.

Mission

MINNESOTA ASSISTANCE COUNCIL FOR VETERANS (MACV) IS DEDICATED TO A MISSION TO END VETERAN HOMELESSNESS IN MINNESOTA. MACV PROVIDES SERVICES TO VETERANS WHO ARE HOMELESS OR AT RISK OF HOMELESSNESS THROUGHOUT MINNESOTA IN AREAS OF HOUSING, EMPLOYMENT, LEGAL SERVICES, AND MORE TO CONNECT THOSE WE SERVE WITH SERVICES NEEDED FOR LONG-TERM STABILITY.

Program Service Accomplishments

Program 1
Expenses: $14,971,832 Revenue: $723,131

MACV PROVIDED COMPREHENSIVE SERVICES TO 2,654 VETERANS AND THEIR FAMILIES ACROSS MINNESOTA WHO WERE HOMELESS OR AT RISK OF HOMELESSNESS IN 2023. THESE SERVICES ARE FOCUSED IN PROGRAM AREAS OF...

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MACV PROVIDED COMPREHENSIVE SERVICES TO 2,654 VETERANS AND THEIR FAMILIES ACROSS MINNESOTA WHO WERE HOMELESS OR AT RISK OF HOMELESSNESS IN 2023. THESE SERVICES ARE FOCUSED IN PROGRAM AREAS OF HOUSING, EMPLOYMENT, AND LEGAL SERVICES AIMED TO HELP THOSE WE SERVE ACHIEVE LONG-TERM HOUSING STABILITY.HOUSING:MACV PROVIDES CASE MANAGEMENT AND DIRECT FINANCIAL ASSISTANCE SERVICES FOR VETERANS THROUGHOUT MINNESOTA. MACV OWNS AND OPERATES OVER 200 UNITS OF TRANSITIONAL AND PERMANENT SUPPORTIVE HOUSING THROUGHOUT MINNESOTA. DURING 2023, MACV AQUIRED NEW MULTI-FAMILY HOUSING PROPERTIES WITH STATE OF MINNESOTA AND PHILANTHROPIC SUPPORT. MACV DEVELOPED TWO NEW GOVERNMENT-FUNDED HOUSING SUBSIDY PROGRAMS TO SUPPORT LONG-TERM HOUSING AFFORDABILITY AND SERVICES NEEDS. ADDITIONAL SERVICES ARE FOCUSED ON LANDLORD ENGAGEMENT, JUSTICE-INVOLVED VETERAN SERVICES, AND HEALTHCARE NAVIGATION TO SUPPORT VETERANS WITH SPECIFIC NEEDS AND BARRIERS IN ACHEIVING HOUSING STABILITY.

Program 2
Expenses: $790,751 Revenue: $0

OUTREACH: MACV TOOK STEPS TO FURTHER ESTABLISH SEVERAL SPECIALIZED SERVICES AND PROGRAMS DURING 2023 TO ADVANCE OUR EFFORTS TO MEET NEEDS OF VETERANS THAT ARE FOUNDATION TO LONG-TERM HOUSING...

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OUTREACH: MACV TOOK STEPS TO FURTHER ESTABLISH SEVERAL SPECIALIZED SERVICES AND PROGRAMS DURING 2023 TO ADVANCE OUR EFFORTS TO MEET NEEDS OF VETERANS THAT ARE FOUNDATION TO LONG-TERM HOUSING STABILITY. SPECIFIC PROGRAMS INCLUDE HEALTHCARE NAVIGATION, JUSTICE INVOLVED VETERAN SERVICES, LANDLORD ENGAGEMENT, AND STREET AND SHELTER OUTREACH.

Program 3
Expenses: $693,130 Revenue: $0

EMPLOYMENT: MACV OPERATES A STATEWIDE EMPLOYMENT PROGRAM AIMED AT SUPPORTING VETERANS IN FINDING MEANINGFUL EMPLOYMENT OPPORTUNITIES AND VOCATION-SPECIFIC TRAINING THAT SUPPORT THEIR LONG-TERM...

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EMPLOYMENT: MACV OPERATES A STATEWIDE EMPLOYMENT PROGRAM AIMED AT SUPPORTING VETERANS IN FINDING MEANINGFUL EMPLOYMENT OPPORTUNITIES AND VOCATION-SPECIFIC TRAINING THAT SUPPORT THEIR LONG-TERM HOUSING STABILITY.

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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 (2023)

Revenue Breakdown

Contributions & Grants $25,423,872
Program Service Revenue $723,131
Investment Income $51,558
Other Revenue $533,079
TOTAL REVENUE $26,731,640

Expense Breakdown

Grants Paid $0
Salaries & Benefits $8,646,181
Fundraising Expenses $840,182
Program Expenses $16,900,050
Other Expenses $11,058,903
TOTAL EXPENSES $19,705,084

Year-over-Year Comparison

2023 2022 Change
Revenue $26,731,640 $19,686,350 +0.4%
Expenses $19,705,084 $12,315,688 +0.6%
Net Income $7,026,556 $7,370,662 0.0%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Liquidity & Cash Position

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Governance

Voting Members
13
Independent Members
13
Employees
152
Volunteers
673

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
5
$407,030
Total Directors
13
$0
Key Employees
0
$0
Highest Compensated
5
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
SHAUNA BEDNAR TREASURER 1.00
Officer Director
$0 $0 $0
ARTHUR COFIELD DIRECTOR 1.00
Director
$0 $0 $0
CHARLES DOLSON DIRECTOR 1.00
Director
$0 $0 $0
JESSICA ATHERTON DIRECTOR 1.00
Director
$0 $0 $0
KRISTINE LORD-KRAHN VICE-CHAIR 1.00
Director
$0 $0 $0
TRISTA MATASCASTILLO DIRECTOR 1.00
Director
$0 $0 $0
ANGELA STEWARD-RANDLE SECRETARY 1.00
Director
$0 $0 $0
RYAN HANSON DIRECTOR 1.00
Director
$0 $0 $0
WALTER NOVILLO DIRECTOR 1.00
Director
$0 $0 $0
TRISTA MARTINSON CHAIR 1.00
Officer Director
$0 $0 $0
CHIS CHURCH DIRECTOR 1.00
Director
$0 $0 $0
CHRISTOPHER HVINDEN DIRECTOR 1.00
Director
$0 $0 $0
MICHAEL BASSETT DIRECTOR 1.00
Director
$0 $0 $0
NEAL LOIDOLT CEO 40.00
Officer
$237,120 $9,722 $246,842
BRIAN PETERSON CFO 40.00
Officer
$146,730 $13,458 $160,188
STEVE SCHEMENAUER FORMER CHAIR 1.00
Officer
$0 $0 $0
JON LOVALD COO 40.00
Highest
$149,161 $6,116 $155,277
NATHANIEL SALTZ CHIEF PROGRAM OFFICER 40.00
Highest
$124,687 $23,615 $148,302
SARAH RIEGLE VP OF PROPERTY OPERATIONS 40.00
Highest
$114,482 $29,254 $143,736
SEAN RIFFE DEVELOPMENT DIRECTOR 40.00
Highest
$109,820 $4,503 $114,323
KURT JOHNSON REGIONAL DIRECTOR 40.00
Highest
$102,309 $4,195 $106,504
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
2024 No data No data No data No data
2023 $26,731,640 $19,705,084 $32,423,809 $7,026,556
2022 $19,686,350 $12,315,688 $22,687,231 $7,370,662
2021 $10,768,734 $9,749,904 $12,934,970 $1,018,830
2020 $10,509,911 $8,827,480 $11,923,462 $1,682,431
2019 $7,138,274 $7,138,343 $9,514,801 $-69
2018 $6,978,673 $6,743,710 $9,475,160 $234,963
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