NORTHWEST MINNESOTA COMMUNITY HOUSING DEVELOPMENT ORGANIZATION

EIN: 411849079

Mentor, MN

Total Revenue
$29,078
Total Expenses
$27,545
Total Assets
$411,533
Net Assets
$318,743
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Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year
1997
Legal Domicile
MN
Principal Officer
Charity Brault
Phone
2186372431
Tax Period
2024-07-01 to 2025-06-30

NORTHWEST MINNESOTA COMMUNITY HOUSING DEVELOPMENT ORGANIZATION, founded in 1997, is a micro nonprofit that reported $29K in total revenue in fiscal year 2024. Expenses of $28K left a modest 5% surplus.

Mission

To provide low income housing

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Trantor Score

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

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

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $14,737
Investment Income $14,341
Other Revenue $0
TOTAL REVENUE $29,078

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $27,545
Other Expenses $27,545
TOTAL EXPENSES $27,545

Year-over-Year Comparison

2024 2023 Change
Revenue $29,078 $27,345 +0.1%
Expenses $27,545 $38,565 -0.3%
Net Income $1,533 $-11,220 -1.1%
Key Indicators
✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✗ Schedule B Required
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Financial Health Indicators

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

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Governance

Voting Members
5
Independent Members
N/A
Employees
N/A
Volunteers
N/A

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
0
$0
Total Directors
5
$160
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Mark Finstad Board Director 0
Director
$40 $0 $40
Jack Swanson Board Director 0
Director
$40 $0 $40
John Wynne Board Director 0
Director
$40 $0 $40
Tammy Johnson Board Director 0
Director
$40 $0 $40
Catherine Johnson Board Director 0
Director
$0 $0 $0
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
2025 $29,078 $27,545 $411,533 $1,533
2024 $27,345 $38,565 $408,919 $-11,220
2023 $23,702 $30,308 $421,799 $-6,606
2022 $19,514 $56,108 $438,794 $-36,594
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