COMMUNITY HOUSING RESOURCES

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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

2001

Legal Domicile

Principal Officer

ABDULKADIR WARSAME

Phone

6123421400

Tax Period

2025-01-01 to 2025-12-31

COMMUNITY HOUSING RESOURCES, founded in 2001, is a mid-sized nonprofit in the Housing & Shelter sector that reported $20.5M in total revenue in fiscal year 2025. The organization ran a surplus of $5.9M, a strong 29% operating margin.

Mission

TO PROVIDE AFFORDABLE HOUSING SOLUTIONS FOR LOW-INCOME PERSONS IN MINNEAPOLIS, MINNESOTA.

Program Service Accomplishments

Program 1

Expenses: $13,021,098 Revenue: $16,972,555

ON OCTOBER 1, 2020, THE MINNEAPOLIS PUBLIC HOUSING AUTHORITY (MPHA) DONATED 707 SCATTERED SITE PUBLIC HOUSING UNITS TO COMMUNITY HOUSING RESOURCES (CHR). ON MAY 1, 2021 MPHA DONATED 3 UNITS TO CHR...

ON OCTOBER 1, 2020, THE MINNEAPOLIS PUBLIC HOUSING AUTHORITY (MPHA) DONATED 707 SCATTERED SITE PUBLIC HOUSING UNITS TO COMMUNITY HOUSING RESOURCES (CHR). ON MAY 1, 2021 MPHA DONATED 3 UNITS TO CHR. ON NOVEMBER 22, 2022 CHR EXECUTED A GROUND LEASE AGREEMENT WITH FAMILY HOUSING RESOURCES LP (FHR), FOR FHR TO DEMOLISH 21 EXISTING CHR UNITS AND REDEVELOP MORE UNITS ON THOSE SITES THAT WOULD BE OWNED AND OPERATED BY FHR FOR THE TERM OF THE LEASE. ON MAY 9, 2023 MPHA DONATED 5 ADDITIONAL UNITS TO CHR. AS OF DECEMBER 31, 2025, CHR HAS 694 UNITS WHICH ARE LEASESD TO LOW-INCOME FAMILIES AT APPROXIMATELY 30% OF THE FAMILIES ADJUSTED INCOME UNDER THE RULES GOVERNING FEDERAL SECTION 8 PROJECT-BASED 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%)

Financial Overview (2025)

Revenue Breakdown

Contributions & Grants $3,541,040

Program Service Revenue $16,972,555

Investment Income $3,067

Other Revenue $0

TOTAL REVENUE $20,516,662

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $13,021,098

Other Expenses $14,604,770

TOTAL EXPENSES $14,604,770

Year-over-Year Comparison

	2025	2024	Change
Revenue	$20,516,662	$20,354,111	+0.0%
Expenses	$14,604,770	$13,612,585	+0.1%
Net Income	$5,911,892	$6,741,526	-0.1%

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

Governance

Voting Members

Independent Members

Employees

N/A

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

$622,856

Total Directors

Key Employees

$1,198,709

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ABDULKADIR WARSAME	CEO	0.10	Officer	$0	$49,662	$349,739
TIM DUROSE	CFO	0.10	Officer	$0	$44,229	$273,117
GLORIA FREEMAN	DIRECTOR/COM	0.10	Director	$0	$0	$0
ELFRIC PORTE II	DIRECTOR/COM	0.10	Director	$0	$0	$0
THOMAS NORDYKE	DIRECTOR/COM	0.10	Director	$0	$0	$0
ABDULLAHI ISSE	DIRECTOR/COM	0.10	Director	$0	$0	$0
DANIELLE WERDER	DIRECTOR/COM	0.10	Director	$0	$0	$0
MEDARIA RONDO ARRADONDO	DIRECTOR/COM	0.10	Director	$0	$0	$0
TAMIR MOHAMUD	DIRECTOR/COM	0.10	Director	$0	$0	$0
ALYSSA ERICKSON	DIRECTOR/COM	0.10	Director	$0	$0	$0
LISA GRIEBEL	GENERAL COUN	0.10	Highest	$0	$42,963	$290,845
DOMINIC MITCHELL	DEPUTY EXEC	0.10	Key Emp	$0	$47,584	$278,112
MARY BOLER	DIRECTOR OPE	0.10	Key Emp	$0	$39,061	$241,884
LAURA DYKEMA	DIRECTOR PLA	0.10	Key Emp	$0	$24,424	$223,093
MICHAEL B CROW	DIRECTOR HOU	0.10	Key Emp	$0	$43,673	$246,665
JAKE GATEMAN	DIR. OF PROC	0.10	Highest	$0	$15,857	$204,601
RASHID ISSACK	DIR. AFFORDA	0.10	Key Emp	$0	$40,787	$208,955
DREW HALUNEN	DIR. COMMUNI	0.10	Highest	$0	$22,031	$188,875
RACHEL ALMBURG	DIR. HOUSING	0.10	Highest	$0	$22,590	$188,690
MARIA ALVAREZ	DIR. HUMAN R	0.10	Highest	$0	$37,683	$214,888
KEVIN REICH	DIRECTOR/COM	0.10	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	$20,516,662	$14,604,770	$57,495,248	$5,911,892
2024	$20,354,111	$13,612,585	$52,274,494	$6,741,526
2023	$15,051,514	$12,837,362	$44,223,775	$2,214,152
2022	$14,059,276	$13,360,623	$43,569,171	$698,653
2021	$15,920,162	$11,065,990	$41,679,341	$4,854,172
2020	$36,905,619	$2,428,524	$36,010,369	$34,477,095