MINNEAPOLIS, MN
4 risk indicators measuring financial stability and operational resilience
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Sign In — Free (10 views/day)SIMPSON HOUSING SERVICES INC, founded in 1993, is a mid-sized nonprofit in the Unknown sector that reported $23.1M in total revenue in fiscal year 2024. Revenue surged 58% from the prior year, signaling strong growth momentum. The organization ran a surplus of $9.4M, a strong 41% operating margin.
SIMPSON HOUSING SERVICES' MISSION IS TO HOUSE, SUPPORT, & ADVOCATE FOR PEOPLE EXPERIENCING HOMELESSNESS. WE KNOW THAT WITH CLOSE, INDIVIDUAL ADVOCACY & SUPPORT INDIVIDUALS & FAMILIES EXPERIENCING HOMELESSNESS ACHIEVE HOUSING STABILITY.
YOUTH AND FAMILY HOUSING: FAMILIES WHO ARE EXPERIENCING HOMELESSNESS RECEIVE INTENSIVE CASE MANAGEMENT, SUPPORT SERVICES, AND SUBSIDIZED RENTAL HOUSING. MOST OF THE FAMILIES WE WORK WITH HAVE...
YOUTH AND FAMILY HOUSING: FAMILIES WHO ARE EXPERIENCING HOMELESSNESS RECEIVE INTENSIVE CASE MANAGEMENT, SUPPORT SERVICES, AND SUBSIDIZED RENTAL HOUSING. MOST OF THE FAMILIES WE WORK WITH HAVE SIGNIFICANT BARRIERS TO THEIR FUTURE HOUSING STABILITY. EMPHASIS IS PLACED ON PARTNERING WITH FAMILIES TO QUICKLY SECURE STABLE HOUSING. INDIVIDUALIZED SERVICES ARE FOCUSED ON LIFE SKILLS, POSITIVE PARENTING, EDUCATION, AND EMPLOYMENT TO HELP FAMILIES ACHIEVE LONG-TERM HOUSING STABILITY AND SUCCESS. UNIQUELY, THIS PROGRAM USES SUBSIDIZED, SUPPORTIVE RENTAL HOUSING FOR FAMILIES WITH CHILDREN, BOTH SITE-BASED AND SCATTERED-SITE. IN FISCAL YEAR 2025 WE WORKED WITH 308 FAMILIES WITH 591 CHILDREN. WE ALSO WORKED WITH 41 YOUTH, AGES 18-24, AT A SITE-BASED HOUSING PROGRAM IN FY2025.
EMERGENCY SHELTER: PROVIDES SHELTER TO 64 SINGLE INDIVIDUALS, INCLUDING A BED, THREE MEALS, HOUSING AND BENEFIT REFERRAL SERVICES, SHOWERS, LAUNDRY, A SAVINGS PROGRAM, EMPLOYMENT LISTINGS, AS WELL AS...
EMERGENCY SHELTER: PROVIDES SHELTER TO 64 SINGLE INDIVIDUALS, INCLUDING A BED, THREE MEALS, HOUSING AND BENEFIT REFERRAL SERVICES, SHOWERS, LAUNDRY, A SAVINGS PROGRAM, EMPLOYMENT LISTINGS, AS WELL AS MENTAL AND PHYSICAL HEALTHCARE RESOURCES. A HOUSING NAVIGATOR ASSISTS WITH ASSISTING SHELTER GUESTS TO OBTAIN HOUSING. THOUSANDS OF HOURS OF SERVICE ARE PROVIDED BY VOLUNTEERS. IN FISCAL YEAR 2025, 326 INDIVIDUALS, INCLUDING 204 MEN AND 122 WOMEN RECEIVED A BED AT THE SHELTER, AND 91 GUESTS WERE MOVED DIRECTLY FROM THE SHELTER INTO STABLE HOUSING. SHELTER OPERATIONS REMAIN AT THE INTERIM SITE. THE NEW SIMPSON SHELTER AND APARTMENTS, A MODERN AND DIGNIFIED FACILITY, WILL REPLACE THE SHELTER, HAVE 72 SHELTER BEDS, AND ADD 42 UNITS OF DEEPLY AFFORDABLE HOUSING. THE NEW SITE IS PROJECTED TO OPEN IN JANUARY 2026.
SINGLE ADULT HOUSING: SIMPSON PROVIDES SUPPORT TO SINGLE INDIVIDUALS WHO HAVE EXPERIENCED HOMELESSNESS THROUGH THREE HOUSING PROGRAMS: THE WOMEN'S HOUSING PARTNERSHIP, OPPORTUNITY HOUSING...
SINGLE ADULT HOUSING: SIMPSON PROVIDES SUPPORT TO SINGLE INDIVIDUALS WHO HAVE EXPERIENCED HOMELESSNESS THROUGH THREE HOUSING PROGRAMS: THE WOMEN'S HOUSING PARTNERSHIP, OPPORTUNITY HOUSING PARTNERSHIP, AND RAMSEY COUNTY SINGLE ADULT PROGRAMS. INTENSIVE SUPPORT AND CASE MANAGEMENT SERVICES ARE A KEY COMPONENT OF PARTICIPANT SUCCESS. IN FISCAL YEAR 2025, SIMPSON HOUSING SERVICES PROVIDED PERMANENT, SUBSIDIZED, SUPPORTIVE RENTAL HOUSING FOR A TOTAL OF 270 SINGLE INDIVIDUALS WHO HAVE BEEN HOMELESS LONG-TERM, PROGRAMS INCLUDE:THE WOMEN'S HOUSING PARTNERSHIP IS A SUPPORTIVE HOUSING PROGRAM FOR WOMEN AND NONBINARY INDIVIDUALS WHO FACE LONG-TERM-HOMELESSNESS. STAFF WORK INTENSIVELY WITH PROGRAM PARTICIPANTS TO FORGE ONGOING RELATIONSHIPS THAT FOSTER INDIVIDUAL STRENGTH, HOUSING STABILITY, AND PROGRESS TOWARD PERSONAL GOALS. OPPORTUNITY HOUSING PARTNERSHIP IS A COLLABORATION BETWEEN SIMPSON, AEON, AND AVIVO TO PROVIDE SUPPORTIVE SERVICES IN TWO HOUSING COMMUNITIES IN DOWNTOWN MINNEAPOLIS. THE PROPERTIES OFFER EFFICIENCY APARTMENTS FOR LONG-TERM HOMELESS INDIVIDUALS. RESIDENTS ARE CONNECTED TO ONGOING CASE MANAGEMENT AND OPPORTUNITIES FOR COMMUNITY ENGAGEMENT. SIMPSON'S RAMSEY COUNTY SINGLE ADULT PROGRAMS INCLUDE SCATTERED-SITE HOUSING SUPPORT PROGRAMS, AND DALE STREET PLACE. DALE STREET PLACE, A COLLABORATION BETWEEN SIMPSON AND TRELLIS TO PROVIDE INCREASED SUPPORTIVE SERVICES TO RESIDENTS AT DALE STREET PLACE IN ST PAUL. THE PROPERTY OFFERS EFFICIENCY APARTMENTS FOR LONG-TERM HOMELESS INDIVIDUALS, PEOPLE WITH DISABILITIES, AND LOW-INCOME SINGLE ADULTS. RESIDENTS ARE CONNECTED TO EITHER ON-GOING CASE MANAGEMENT AND/OR TENANT SERVICES COORDINATION.
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 | $23,051,683 | $14,594,197 | +0.6% |
| Expenses | $13,624,640 | $12,352,289 | +0.1% |
| Net Income | $9,427,043 | $2,241,908 | +3.2% |
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 |
|---|---|---|---|---|---|---|
| BEN KERL | MEMBER | 2.00 |
Director
|
$0 | $0 | $0 |
| PATRICIA HARMON | MEMBER | 2.00 |
Director
|
$0 | $0 | $0 |
| STACY THOMPSON | MEMBER | 2.00 |
Director
|
$0 | $0 | $0 |
| MEGAN MAHONEY | MEMBER | 2.00 |
Director
|
$0 | $0 | $0 |
| STEVE PROESCHEL | PRESIDENT | 3.00 |
Officer
Director
|
$0 | $0 | $0 |
| BRIAN SVENDAHL | MEMBER | 2.00 |
Director
|
$0 | $0 | $0 |
| DON VERMILLION | SECRETARY | 3.00 |
Officer
Director
|
$0 | $0 | $0 |
| DAN GRIEP | TREASURER | 3.00 |
Officer
Director
|
$0 | $0 | $0 |
| ARVIND SHARMA | MEMBER | 2.00 |
Director
|
$0 | $0 | $0 |
| JILL LAVIOLETTE | MEMBER | 2.00 |
Director
|
$0 | $0 | $0 |
| STEPHANIE ABEL | VICE PRESIDENT | 3.00 |
Officer
Director
|
$0 | $0 | $0 |
| GRACEN MCDOUGALL | MEMBER | 2.00 |
Director
|
$0 | $0 | $0 |
| MALISSA ADAMS | MEMBER | 2.00 |
Director
|
$0 | $0 | $0 |
| JESSE SCHWAB | MEMBER | 2.00 |
Director
|
$0 | $0 | $0 |
| JOHN NOLAN | MEMBER | 2.00 |
Director
|
$0 | $0 | $0 |
| JAN RUSSELL | MEMBER | 2.00 |
Director
|
$0 | $0 | $0 |
| TOM HARLAN | MEMBER | 2.00 |
Director
|
$0 | $0 | $0 |
| WENDY WIEGMANN | ASSOCIATE DIRECTOR | 40.00 |
Officer
|
$131,595 | $13,693 | $145,288 |
| ELISABETH LOEFFLER | DIRECTOR OF ADVANCEMENTS A | 40.00 |
Officer
|
$122,302 | $4,284 | $126,586 |
| CHRISTINA JACOBSON | DIRECTOR OF EQUITY AND HUMAN RESOURCES | 40.00 |
Officer
|
$105,070 | $15,894 | $120,964 |
| CHRISTINA GIESE | DIRECTOR OF OPERATIONS & V | 40.00 |
Officer
|
$109,491 | $3,898 | $113,389 |
| STEVE HORSFIELD | EXECUTIVE DIRECTOR | 40.00 |
Key Emp
|
$161,668 | $14,522 | $176,190 |
| Year | Revenue | Expenses | Assets | Net Income |
|---|---|---|---|---|
| 2025 | $23,051,683 | $13,624,640 | $35,402,950 | $9,427,043 |
| 2024 | $14,594,197 | $12,352,289 | $34,181,347 | $2,241,908 |
| 2023 | $11,169,254 | $11,159,537 | $15,296,509 | $9,717 |
| 2022 | $12,299,851 | $10,279,860 | $14,379,624 | $2,019,991 |
| 2021 | $11,738,483 | $10,467,614 | $10,361,616 | $1,270,869 |
| 2020 | $10,223,366 | $9,482,830 | $9,904,866 | $740,536 |
| 2019 | $12,766,438 | $9,308,760 | $6,470,325 | $3,457,678 |
Compare SIMPSON HOUSING SERVICES INC with other nonprofits in Minnesota and across the country.