ST AUGUSTA, MN
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Sign In — Free (10 views/day)CENTRAL MINNESOTA HOUSING PARTNERSHIP INC, founded in 1993, is a community nonprofit in the Unknown sector that reported $5.5M in total revenue in fiscal year 2024. Revenue surged 22% from the prior year, signaling strong growth momentum. Expenses of $6.7M exceeded revenue, resulting in a 23% operating deficit.
CMHP, INC IS A NON-PROFIT REGIONAL COMMUNITY HOUSING DEVELOPMENT CORPORATION (CHDO) COMMITTED TO ASSISTING UNDERSERVED COMMUNITIES TO PRESERVE, IMPROVE AND INCREASE AFFORDABLE HOUSING FOR LOW AND MODERATE INCOME FAMILIES AND INDIVIDUALS.
AFFORDABLE HOUSING: CMHP ASSET MANAGES 935 UNITS OF AFFORDABLE HOUSING. CMHP VALUES ITS OWNERSHIP AND INTEREST IN RENTAL PROPERTIES AND TAKES RESPONSIBILITY FOR THE LONG-TERM HEALTH AND WELFARE OF...
AFFORDABLE HOUSING: CMHP ASSET MANAGES 935 UNITS OF AFFORDABLE HOUSING. CMHP VALUES ITS OWNERSHIP AND INTEREST IN RENTAL PROPERTIES AND TAKES RESPONSIBILITY FOR THE LONG-TERM HEALTH AND WELFARE OF ALL PROJECTS WITH WHICH ASSOCIATED. FUNCTIONS OF ASSET MANAGEMENT INCLUDE MONITORING PROGRAMS, FUNDERS, AND FINANCING REQUIREMENTS TO ASSURE COMPLIANCE AND TIMELY REPORTING, OVERSIGHT OF PROPERTY MANAGEMENT ACTIVITIES OF THE PROFESSIONAL PROPERTY MANAGERS, SITE VISITS, MONTHLY FINANCIAL REPORTS, ANNUAL BUDGET APPROVAL, CAPITAL IMPROVEMENT PLANNING AND TENANT SURVEYS. CMHP COMMUNICATES ON A REGULAR BASIS WITH PROPERTY MANAGERS, INVESTORS, AND FUNDERS. AS CMHP CONTINUES TO DEVELOP NEW OR ACQUIRES AND REHABS EXISTING RENTAL PROPERTIES, IT WILL CONTINUE TO ADD AFFORDABLE RENTAL UNITS TO ITS ASSET MANAGEMENT PORTFOLIO. IN 2024, CMHP STARTED LEASE UP ON CREEKSIDE MANOR APARTMENTS IN BUFFALO AND STARTED CONSTRUCTION ON THE VIEWS ON 7TH IN LITTLE FALLS.
PROPERTY MANAGEMENT: CMHP OVERSEES ALL ASPECTS OF THE OPERATIONS, MANAGEMENT, AND MAINTENANCE OF SELECTED PROPERTIES IN THEIR PORTFOLIO. CMHP'S PROPERTY MANAGEMENT DIVISION RECRUITS, SCREENS...
PROPERTY MANAGEMENT: CMHP OVERSEES ALL ASPECTS OF THE OPERATIONS, MANAGEMENT, AND MAINTENANCE OF SELECTED PROPERTIES IN THEIR PORTFOLIO. CMHP'S PROPERTY MANAGEMENT DIVISION RECRUITS, SCREENS, SELECTS, AND PLACES APPLICANTS IN HOUSING AND IS RESPONSIBLE FOR THE FINANCIAL MANAGEMENT, BUDGETING, CARETAKING SUPERVISION, REPORTING AND COMPLIANCE OF EACH PROJECT. THE NUMBER OF PROPERTIES CMHP MANAGES IS 28 RURAL DEVELOPMENT/TAX CREDIT PROJECTS CONSISTING OF 652 UNITS OF AFFORDABLE RENTAL. THERE IS ONE MORE PROPERTY BEING CONSIDERED FOR 2025 INCLUDING: MAPLE MANOR APARTMENTS WITH CONSTRUCTION COMPLETION AND LEASE UP OF THE VIEWS ON 7TH APARTMENTS IN LITTLE FALLS BEING COMPLETED IN 2026.CONTINUUM OF CARE (COC): SINCE 1997, CMHP HAS COORDINATED THE DEVELOPMENT AND IMPLEMENTATION OF THE REGIONAL CONTINUUM OF CARE PLAN OUTLINING EXISTING SERVICES AND IDENTIFYING GAPS IN SERVICES ADDRESSING HOMELESSNESS. FROM 1997 TO 2024, OVER $30.8 MILLION IN HUD FUNDING HAS BEEN AWARDED REGIONALLY, WITH TOTAL LEVERAGED FUNDS OF OVER $40.8 MILLION. THE 2023 EXHIBIT ONE APPLICATION FOR 2024 FUNDING WAS AWARDED $1,823,277, WITH AN ADDITIONAL $492,758 IN MATCH FUNDS. AS PART OF THE 2024 FUNDING, CMHP RECEIVED A COC PLANNING GRANT IN THE AMOUNT OF $97,756 AND A COORDINATED ENTRY GRANT OF $50,000. IN ADDITION, 2024 WAS THE SECOND GRANT YEAR FOR THE RURAL SPECIAL NOFO GRANT, WHICH WAS AWARDED $147,577 (THREE-YEAR GRANT).
SMALL CITIES DEVELOPMENT PROGRAM (SCDP): CMHP PROVIDES TECHNICAL ASSISTANCE, APPLICATION PREPARATION/SUBMISSION AND GRANT ADMINISTRATION SERVICES TO ELIGIBLE COMMUNITIES IN OUR 16-COUNTY SERVICE AREA...
SMALL CITIES DEVELOPMENT PROGRAM (SCDP): CMHP PROVIDES TECHNICAL ASSISTANCE, APPLICATION PREPARATION/SUBMISSION AND GRANT ADMINISTRATION SERVICES TO ELIGIBLE COMMUNITIES IN OUR 16-COUNTY SERVICE AREA FOR THE DEPARTMENT OF EMPLOYMENT AND ECONOMIC DEVELOPMENT'S SMALL CITIES DEVELOPMENT PROGRAM (SCDP) FUNDING. QUALIFYING APPLICATIONS MUST MEET ONE OR MORE FEDERAL OBJECTIVES, WHICH ARE 1) BENEFITING PEOPLE OF LOW AND MODERATE INCOMES, 2) ELIMINATING SLUM AND BLIGHT CONDITIONS, OR 3) ELIMINATING AN URGENT THREAT TO PUBLIC HEALTH OR SAFETY. APPLICATIONS ARE SUBMITTED FOR OWNER-OCCUPIED HOUSING, SINGLE-FAMILY AND MULTI-FAMILY RENTAL HOUSING, AND COMMERCIAL REHABILITATION, WITH A FOCUS ON HOUSING REHABILITATION. SCDP PROJECTS MAY BE SUPPLEMENTED WITH ADDITIONAL FUNDING SOURCES SUCH AS CITY MATCH FUNDS OR USDA RD LOAN/GRANT PROGRAMS. IN 2024, CMHP ADMINISTERED SCDP GRANT AWARDS FOR THE FOLLOWING COMMUNITIES: MORA, WADENA, BERTHA/HEWITT, BUFFALO, SEBEKA, SWANVILLE, AND STAPLES. SCDP GRANTS INCLUDE FUNDING FOR ADMINISTRATION, AND DRAWS FOR ADMINISTRATION FUNDS ARE SUBMITTED BY CMHP AS PROJECTS ARE COMPLETED. IN ADDITION TO THE OPEN GRANTS ADMINISTERED IN 2024, CMHP WORKED WITH NEW CITIES TO SUBMIT SCDP APPLICATIONS. CMHP SUBMITTED PRELIMINARY APPLICATIONS ON BEHALF OF THE CITY OF ST. JOSEPH AND KANABEC COUNTY (FOR THE CITIES OF OGILVIE, QUAMBA AND GRASSTON). IF PRELIMINARY APPLICATIONS ARE RANKED AS COMPETITIVE, WE WILL BE INVITED TO SUBMIT FULL APPLICATIONS IN THE SPRING OF 2025. IN 2024, CMHP SUBMITTED A FULL APPLICATION FOR THE CITY OF NEW MUNICH, WHICH WAS AWARDED FUNDING IN SEPTEMBER 2024. CMHP COLLECTED APPLICATION FEES FROM CITY APPLICANTS BASED ON DISTANCE FROM CMHP OFFICES, AS WELL AS RECEIVED ADMINISTRATION FEES FROM EACH OPEN SCDP GRANT.
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)| 2024 | 2023 | Change | |
|---|---|---|---|
| Revenue | $5,465,898 | $4,465,977 | +0.2% |
| Expenses | $6,731,654 | $5,743,106 | +0.2% |
| Net Income | $-1,265,756 | $-1,277,129 | 0.0% |
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 |
|---|---|---|---|---|---|---|
| DONALD WELKER | PRESIDENT | 1.00 |
Officer
Director
|
$0 | $0 | $0 |
| JOE JANISH | VICE PRESIDENT | 1.00 |
Officer
Director
|
$0 | $0 | $0 |
| MITCH HOHLEN | TREASURER | 1.00 |
Officer
Director
|
$448 | $0 | $448 |
| MELISSA WYMAN | SECRETARY | 1.00 |
Officer
Director
|
$832 | $0 | $832 |
| SYLVESTER AMARA LAMIN | MEMBER | 1.00 |
Director
|
$0 | $0 | $0 |
| DOUG JACOBSON | MEMBER | 1.00 |
Director
|
$1,027 | $0 | $1,027 |
| NICOLE KLOSNER | MEMBER | 1.00 |
Director
|
$0 | $0 | $0 |
| GENNY REYNOLDS | MEMBER | 1.00 |
Director
|
$358 | $0 | $358 |
| LORI SHULTZ | MEMBER | 1.00 |
Director
|
$0 | $0 | $0 |
| RANDI WICKHAM | MEMBER | 1.00 |
Director
|
$64 | $0 | $64 |
| DEANNA HEMMESCH | EXECUTIVE DIRECTOR | 40.00 |
Officer
|
$117,046 | $14,821 | $131,867 |
| JULIE SCHUELLER | FINANCE DIRECTOR | 40.00 |
Officer
|
$110,184 | $7,840 | $118,024 |
| Year | Revenue | Expenses | Assets | Net Income |
|---|---|---|---|---|
| 2024 | $5,465,898 | $6,731,654 | $35,382,190 | $-1,265,756 |
| 2023 | $4,465,977 | $5,743,106 | $28,503,717 | $-1,277,129 |
| 2022 | $4,444,422 | $4,912,179 | $21,873,694 | $-467,757 |
| 2021 | $4,430,262 | $4,621,777 | $21,605,447 | $-191,515 |
| 2020 | $5,196,992 | $3,855,232 | $18,414,763 | $1,341,760 |
| 2019 | $3,538,038 | $3,010,491 | $13,423,356 | $527,547 |
| 2018 | $2,503,923 | $2,847,425 | $9,825,675 | $-343,502 |
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