MINNEAPOLIS, MN
4 risk indicators measuring financial stability and operational resilience
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Sign In — Free (10 views/day)CLARE HOUSING, founded in 1994, is a mid-sized nonprofit in the Human Services sector that reported $11.4M in total revenue in fiscal year 2025. Revenue surged 39% from the prior year, signaling strong growth momentum. The organization ran a surplus of $2.5M, a strong 22% operating margin.
THE MISSION OF CLARE HOUSING IS TO PROVIDE A CONTINUUM OF AFFORDABLE AND SUPPORTIVE HOUSING OPTIONS THAT CREATE HEALING COMMUNITIES AND OPTIMIZE THE HEALTH OF PEOPLE LIVING WITH HIV/AIDS.
CLARE HOUSING OPERATES THREE COMMUNITY-BASED CARE HOMES THAT ARE STAFFED 24/7, EACH SERVING FOUR RESIDENTS WHO ARE HIV POSITIVE, SIGNIFICANTLY DISABLED AND OFTEN NEED RELIABLE CARE AND SUPPORT TO...
CLARE HOUSING OPERATES THREE COMMUNITY-BASED CARE HOMES THAT ARE STAFFED 24/7, EACH SERVING FOUR RESIDENTS WHO ARE HIV POSITIVE, SIGNIFICANTLY DISABLED AND OFTEN NEED RELIABLE CARE AND SUPPORT TO LIVE OUTSIDE OF A NURSING HOME. STAFF PROVIDES REHABILITATION SUPPORT TO THOSE NEEDING TO STABILIZE THEIR HEALTH BEFORE RETURNING TO INDEPENDENT LIVING AND LONG-TERM CARE TO THOSE DISABLED BY HIV/AIDS. ADDITIONALLY, CLARE HOUSING PROVIDES END OF LIFE CARE TO THOSE AT THE TERMINAL STAGE OF THE DISEASE. STAFF ALSO ASSISTS THOSE WHO NEED A DEEPER LEVEL OF CARE BECAUSE OF DEMENTIA AND MENTAL HEALTH CONDITIONS, PHYSICAL FRAILTY, INABILITY TO MANAGE HOUSEHOLD ACTIVITIES, TAKE PRESCRIBED MEDICATIONS, AND PREPARE ADEQUATE NUTRITION.CLARE HOUSING OPERATES PERMANENT, AFFORDABLE SERVICE-ENRICHED HOUSING AND SERVED 192 LOW-INCOME RESIDENTS WHO ARE FORMERLY OR AT RISK OF HOMELESSNESS AT FOUR SUPPORTIVE HOUSING SITES: CLARE APARTMENTS, CLARE MIDTOWN, CLARE TERRACE, AND CLARE MARSHALL FLATS. THESE SITES ALSO PROVIDE HOME CARE OPPORTUNITIES FOR RESIDENTS WHO REQUIRE A HIGHER LEVEL OF SUPPORT, SUCH AS, NURSING CARE, MEDICATION ADMINISTRATION, HANDS ON ASSISTANCE WITH ACTIVITIES OF DAILY LIVING, AND BUILDING INDEPENDENT LIVING SKILLS FOR THOSE LIVING WITH HIV/AIDS.CLARE HOUSING PROVIDED SCATTERED SITE SUPPORTIVE HOUSING FOR 117 HOUSEHOLDS THROUGHOUT THE TWIN CITIES METRO AREA. HOUSING IS PROVIDED FOR HOUSEHOLDS THAT MEET THE STATE OF MINNESOTA'S DEFINITION OF LONG-TERM HOMELESSNESS, WITH A TARGET POPULATION OF INDIVIDUALS AND FAMILIES THAT ARE LIVING WITH HIV/AIDS.CLARE HOUSING PROVIDED SERVICES TO GREATER MN WITH A SHORT-TERM RENT, MORTGAGE, AND UTILITIES (STRMU) ASSISTANCE PROGRAM AND SERVED 112 INIVIDUALS LIVING WITH HIV/AIDS. IN ADDITION, CLARE HOUSING CONTINUED OPERTATING THE HOTEL-TO-HOUSING PROGRAM, SERVING 18 INDIVIDUALS LIVING WITH HIV/AIDS IN THE TWIN CITIES METRO AREA, PROVIDING SHORT-TERM HOTEL HOUSING WHILE ASSISTING THE INDIVIDUAL SEARCH FOR PERMANENT HOUSING.CLARE HOUSING OPENED A NEW LOW-BARRIER HOUSING PROJECT, INDIGO HOUSE, THAT SERVED 6 RESIDENTS AND PROVIDES 24/7 ON-SITE SUPPORT SERVICES, WEEKLY ON-SITE NURSING CARE, AND ON-SITE CARE 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)| 2025 | 2024 | Change | |
|---|---|---|---|
| Revenue | $11,371,878 | $8,203,680 | +0.4% |
| Expenses | $8,877,587 | $8,015,513 | +0.1% |
| Net Income | $2,494,291 | $188,167 | +12.3% |
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 |
|---|---|---|---|---|---|---|
| MARK LASSWELL | PRESIDENT | 2.00 |
Officer
Director
|
$0 | $0 | $0 |
| MARY NOVAK | VICE PRESIDENT | 1.00 |
Officer
Director
|
$0 | $0 | $0 |
| KELSEY VATSAAS | TREASURER | 2.00 |
Officer
Director
|
$0 | $0 | $0 |
| ROSE TENG | SECRETARY | 1.00 |
Officer
Director
|
$0 | $0 | $0 |
| MICHAEL STAUFACKER | BOARD MEMBER | 1.00 |
Director
|
$0 | $0 | $0 |
| JUILE HUCK | BOARD MEMBER | 1.00 |
Director
|
$0 | $0 | $0 |
| AMANDA JANZEN | BOARD MEMBER | 1.00 |
Director
|
$0 | $0 | $0 |
| MIRANDA WILSON | BOARD MEMBER | 1.00 |
Director
|
$0 | $0 | $0 |
| GAGE URVINA | BOARD MEMBER | 1.00 |
Director
|
$0 | $0 | $0 |
| SHANE MCALLISTER | BOARD MEMBER | 1.00 |
Director
|
$0 | $0 | $0 |
| LARRY DUNIVAN | BOARD MEMBER | 1.00 |
Director
|
$0 | $0 | $0 |
| PARTRICK INGRAM | BOARD MEMBER | 1.00 |
Director
|
$0 | $0 | $0 |
| BILL KOS | BOARD MEMBER | 1.00 |
Director
|
$0 | $0 | $0 |
| MAGGY OTTE | BOARD MEMBER | 1.00 |
Director
|
$0 | $0 | $0 |
| CHRIS ROBERT | BOARD MEMBER | 1.00 |
Director
|
$0 | $0 | $0 |
| CLAIRE FLEMING | BOARD MEMBER | 1.00 |
Director
|
$0 | $0 | $0 |
| PHEOBE TREPP | EXECUTIVE DIRECTOR | 45.00 |
Officer
|
$156,266 | $17,801 | $174,067 |
| Year | Revenue | Expenses | Assets | Net Income |
|---|---|---|---|---|
| 2025 | $11,371,878 | $8,877,587 | $14,361,232 | $2,494,291 |
| 2024 | $8,203,680 | $8,015,513 | $11,772,295 | $188,167 |
| 2023 | $6,759,861 | $7,184,341 | $10,714,019 | $-424,480 |
| 2022 | $5,983,712 | $6,175,228 | $11,312,239 | $-191,516 |
| 2021 | $5,835,851 | $5,453,173 | $11,378,951 | $382,678 |
| 2020 | $5,261,015 | $5,407,312 | $11,012,912 | $-146,297 |
| 2019 | $4,553,700 | $4,790,151 | $8,588,613 | $-236,451 |
| 2018 | $4,670,755 | $4,453,766 | $8,805,822 | $216,989 |
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