CENTRAL MINNESOTA HOUSING PARTNERSHIP INC (EIN 411752558) - Form 990 Financial Analysis & Trantor Score

🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Financial Trends

Organization Details

Formation Year

1993

Legal Domicile

Principal Officer

DEANNA HEMMESCH

Phone

3202590393

Tax Period

2024-01-01 to 2024-12-31

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.

Mission

TO ASSIST UNDERSERVED COMMUNITIES TO PRESERVE, IMPROVE AND INCREASE AFFORDABLE HOUSING.

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $557,223

Program Service Revenue $4,426,007

Investment Income $101,159

Other Revenue $381,509

TOTAL REVENUE $5,465,898

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,576,213

Fundraising Expenses $0

Program Expenses $5,938,334

Other Expenses $5,155,441

TOTAL EXPENSES $6,731,654

Year-over-Year Comparison

	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%

Key Indicators

✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required

🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

Employees

Volunteers

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

$251,171

Total Directors

$2,729

Key Employees

Highest Compensated

reported

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

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	$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

CENTRAL MINNESOTA HOUSING PARTNERSHIP INC