SLAYTON, MN
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Sign In — Free (10 views/day)SOUTHWEST MINNESOTA HOUSING PARTNERSHIP, founded in 1992, is a mid-sized nonprofit in the Housing & Shelter sector that reported $14.7M in total revenue in fiscal year 2023. Revenue grew 14% year-over-year, indicating healthy expansion.
SOUTHWEST MINNESOTA HOUSING PARTNERSHIP (SWMHP) IS A NOT-FOR-PROFIT COMMUNITY DEVELOPMENT CORPORATION SERVING COMMUNITIES THROUGHOUT 30 COUNTIES IN SOUTHWEST AND SOUTH-CENTRAL MINNESOTA, WHOSE MISSION IS TO PARTNER WITH COMMUNITIES TO DEVELOP PLACES FOR PEOPLE TO CALL HOME. OUR VISION IS ONE WHERE EVERY PERSON HAS ACCESS TO A WELCOMING HOME, AND EVERY PLACE HAS A THRIVING AND EQUITABLE COMMUNITY. SWMHP DOES THIS BY PROMOTING AND DELIVERING A HIGH-QUALITY COMPREHENSIVE MENU OF HOUSING SERVICES AND PRODUCTS, INCLUDING HOMEOWNERSHIP ASSISTANCE, COMMUNITY LAND TRUST, COMMUNITY PLANNING AND TECHNICAL ASSISTANCE, LAND DEVELOPMENT AND REDEVELOPMENT, HOUSING PRESERVATION, HOUSING ASSESSMENTS AND INSPECTIONS, COMMUNITY BUILDING AND ENGAGEMENT, AND SUPPORTIVE HOUSING SERVICES. THE SWMHP ENSURES ITS ACTIVITIES ARE CONDUCTED SUSTAINABLY, SUPPORT RESIDENT AND COMMUNITY HEALTH, AND CREATE COMMUNITY RESOURCES TO HELP PEOPLE PROSPER. THIS WORK IS CENTERED IN THE VALUES OF 1) STRONG RURAL COMMUNITIES, 2) SAFE HOUSING AS A FUNDAMENTAL RIGHT, 3) SHARED EMPOWERED FUTURES, 4) INNOVATION CENTERED IN QUALITY AND SUSTAINABILITY, AND 5) PEOPLE WORKING TOGETHER.
MULTI-FAMILY DEVELOPMENT AND ASSET MANAGEMENT:SWMHP IS AN EXPERIENCED DEVELOPER AND MANAGER OF RESIDENTIAL REAL ESTATE, PARTICULARLY MULTI-FAMILY AFFORDABLE HOUSING. SWMHP HAS DEVELOPED, OWNS AND...
MULTI-FAMILY DEVELOPMENT AND ASSET MANAGEMENT:SWMHP IS AN EXPERIENCED DEVELOPER AND MANAGER OF RESIDENTIAL REAL ESTATE, PARTICULARLY MULTI-FAMILY AFFORDABLE HOUSING. SWMHP HAS DEVELOPED, OWNS AND PROVIDES ASSET MANAGEMENT SERVICES FOR 2,074 RENTAL UNITS IN 68 PROPERTIES ACROSS 37 COMMUNITIES. RECOGNIZING THE IDEA THAT SAFE HOUSING IS A FUNDAMENTAL RIGHT, THE DEVELOPMENT OF THESE UNITS INCLUDES SETTING ASIDE AND DESIGNATING UNITS FOR INDIVIDUALS AND HOUSEHOLDS WITH HISTORIES OF HOMELESSNESS, MENTAL ILLNESS, AND/OR SUBSTANCE USE DISORDER. SWMHP THEN WORKS WITH LOCAL SERVICE PROVIDERS TO ENSURE THAT ONCE THESE HOUSEHOLDS ARE HOUSED, THEY CAN THEN ACCESS THE SUPPORT SERVICES THEY NEED TO BE SUCCESSFUL IN MAINTAINING HOUSING. ASSET MANAGEMENT SERVICES ALSO INCLUDE CAPITAL NEEDS ANALYSIS, REFINANCING FOR EXTENDED AFFORDABILITY OR RETENTION OF RENTAL SUBSIDIES, AND OTHER FINANCING REVIEW FOR PROPERTIES AND PORTFOLIOS.
HOUSING AND COMMERCIAL REHAB:SWMHP BRINGS CONSTRUCTION MANAGEMENT EXPERTISE TO OVERSEE REHAB AND REDEVELOPMENT PROJECTS, BOTH RESIDENTIAL AND COMMERCIAL IN NATURE. THESE EFFORTS FOCUS ON GOALS SUCH...
HOUSING AND COMMERCIAL REHAB:SWMHP BRINGS CONSTRUCTION MANAGEMENT EXPERTISE TO OVERSEE REHAB AND REDEVELOPMENT PROJECTS, BOTH RESIDENTIAL AND COMMERCIAL IN NATURE. THESE EFFORTS FOCUS ON GOALS SUCH AS: REMOVING HEALTH & SAFETY HAZARDS, MEETING ACCESSIBILITY REQUIREMENTS, INCREASING ENERGY EFFICIENCIES, INCREASING MARKETABILITY TO ENSURE QUALITY LIVING FOR THOSE WE WORK WITH. SWMHP WRITES FUNDING REQUESTS AND ADMINISTERS SEVERAL HOUSING REHABILITATION PROGRAMS IN THE REGION, INCLUDING SMALL CITIES DEVELOPMENT PROGRAM (SCDP), RENTAL REHABILITATION DEFERRED LOANS (RRDL), FEDERAL HOME LOAN BANK (FHLB), FIX-UP FUNDS AND OTHER RESOURCES.
DEVELOPMENT:SWMHP'S MENU OF SERVICES INCLUDES BOTH SINGLE FAMILY DEVELOPMENT AND COMMUNITY DEVELOPMENT AND TECHNICAL SUPPORT. THERE TENDS TO BE A GREAT DEAL OF CONNECTION BETWEEN THESE PROGRAMS...
DEVELOPMENT:SWMHP'S MENU OF SERVICES INCLUDES BOTH SINGLE FAMILY DEVELOPMENT AND COMMUNITY DEVELOPMENT AND TECHNICAL SUPPORT. THERE TENDS TO BE A GREAT DEAL OF CONNECTION BETWEEN THESE PROGRAMS. SWMHP HELPS LOCAL UNITS OF GOVERNMENT, NOT-FOR-PROFIT DEVELOPERS AND OTHER AGENCIES IDENTIFY AND ADDRESS HOUSING NEEDS WITHIN A COMMUNITY. THESE NEEDS ARE DONE THROUGH METHODS SUCH AS NEEDS ASSESSMENTS, SURVEYS, AND COMMUNITY ENGAGEMENT AND FEEDBACK SESSIONS. SWMHP CAN PROPOSE SOLUTIONS INCLUDING, BUT NOT LIMITED TO, TECHNICAL ASSISTANCE IN GRANT WRITING OR SUPPORTING APPLICATIONS, FINANCIAL REVIEW OF COST FEASIBILITY OF HOW A PROJECT COULD BE DONE, RESEARCHING VARIOUS FUNDING STREAMS THAT COULD FIT, AS WELL AS INITIAL DESIGN WORK TO BRING NEEDS TO LIFE IN A WAY STAKEHOLDERS COULD ENVISION. THESE SERVICES ARE PRIMARILY FUNDED BY DEVELOPER FEES, FOUNDATION GRANTS AND THE MINNESOTA HOUSING FINANCE AGENCY.
Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency
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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)
Sign In — Free (10 views/day)| 2023 | 2022 | Change | |
|---|---|---|---|
| Revenue | $14,693,365 | $12,931,665 | +0.1% |
| Expenses | $15,716,306 | $14,349,006 | +0.1% |
| Net Income | $-1,022,941 | $-1,417,341 | -0.3% |
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
Sign In| Name | Title | Hours/Week | Role | Reportable Comp | Other Comp | Total |
|---|---|---|---|---|---|---|
| MARGO DRUSCHEL | SECRETARY-TREASURER | 1.00 |
Officer
Director
|
$400 | $0 | $400 |
| TARA ONKEN | CHAIR | 1.00 |
Officer
Director
|
$250 | $0 | $250 |
| DAWN HEGLAND | VICE-CHAIR | 1.00 |
Officer
Director
|
$25 | $0 | $25 |
| SCOTT MARQUARDT | PAST CHAIR | 1.00 |
Director
|
$0 | $0 | $0 |
| APRIL CHOUINARD | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| DAVID THOMPSON | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| EMILY MASTERS | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| LARRY ANDERSON | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| LIZ DANIELSON | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| MATTHEW UST | DIRECTOR | 1.00 |
Director
|
$100 | $0 | $100 |
| CHAD ADAMS | CHIEF EXECUTIVE OFFICER | 40.00 |
Officer
|
$164,675 | $19,226 | $183,901 |
| EMILY BUCHER | CHIEF FINANCIAL OFFICER | 40.00 |
Officer
|
$30,643 | $4,188 | $34,831 |
| JEFF CORDES | CHIEF FINANCIAL OFFICER | 40.00 |
Officer
|
$59,963 | $4,905 | $64,868 |
| KRISTIE BLANKENSHIP | CHIEF OPERATING OFFICER | 40.00 |
Highest
|
$123,379 | $25,720 | $149,099 |
| JESSE SCHOTT | DIRECTOR OF CONSTRUCTION SERVICES | 40.00 |
Highest
|
$100,435 | $15,614 | $116,049 |
| Year | Revenue | Expenses | Assets | Net Income |
|---|---|---|---|---|
| 2024 | No data | No data | No data | No data |
| 2023 | $14,693,365 | $15,716,306 | $68,357,463 | $-1,022,941 |
| 2022 | $12,931,665 | $14,349,006 | $66,592,294 | $-1,417,341 |
| 2021 | $10,657,099 | $12,186,016 | $59,310,088 | $-1,528,917 |
| 2020 | $11,774,359 | $11,884,667 | $60,417,657 | $-110,308 |
| 2019 | $9,901,149 | $11,464,387 | $55,974,525 | $-1,563,238 |
| 2018 | $7,196,819 | $8,206,630 | $48,281,796 | $-1,009,811 |
| 2018 | $8,372,719 | $9,861,259 | $54,343,792 | $-1,488,540 |
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