COMMUNITY HOUSING RESOURCES

EIN: 412011396 501(c)(3) Housing & Shelter

MINNEAPOLIS, MN

Total Revenue
$20,354,111
Total Expenses
$13,612,585
Total Assets
$52,274,494
Net Assets
$49,024,058
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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
MN
Principal Officer
TIM DUROSE
Phone
6123421400
Tax Period
2024-01-01 to 2024-12-31

COMMUNITY HOUSING RESOURCES, founded in 2001, is a mid-sized nonprofit in the Housing & Shelter sector that reported $20.4M in total revenue in fiscal year 2024. Revenue surged 35% from the prior year, signaling strong growth momentum. The organization ran a surplus of $6.7M, a strong 33% operating margin.

Mission

TO SUPPORT MINNEAPOLIS PUBLIC HOUSING AUTHORITY IN PROVIDING AFFORDABLE 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 $4,962,183
Program Service Revenue $15,388,437
Investment Income $3,491
Other Revenue $0
TOTAL REVENUE $20,354,111

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $12,132,919
Other Expenses $13,612,585
TOTAL EXPENSES $13,612,585

Year-over-Year Comparison

2024 2023 Change
Revenue $20,354,111 $15,051,514 +0.4%
Expenses $13,612,585 $12,837,362 +0.1%
Net Income $6,741,526 $2,214,152 +2.0%
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
10
Independent Members
9
Employees
N/A
Volunteers
10

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
2
$581,827
Total Directors
9
$0
Key Employees
4
$938,234
Highest Compensated
5
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
ABDULKADIR WARSAME CEO 0.10
Officer
$0 $49,297 $312,112
TIM DUROSE CFO 0.10
Officer
$0 $47,893 $269,715
TOM HOCH DIRECTOR/COM 0.10
Director
$0 $0 $0
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 $43,596 $282,758
DOMINIC MITCHELL DEPUTY EXEC 0.10
Key Emp
$0 $48,412 $269,926
MARY BOLER DIRECTOR OPE 0.10
Key Emp
$0 $38,679 $236,854
LAURA DYKEMA DIRECTOR PLA 0.10
Key Emp
$0 $24,088 $212,828
MICHAEL B CROW DIRECTOR HOU 0.10
Key Emp
$0 $44,324 $218,626
JACORY SHIPP MASTER ELECT 0.10
Highest
$0 $25,048 $189,323
KIM HAMILTON ASST. DIR. O 0.10
Highest
$0 $40,493 $190,146
BRIAN SCHAFFER ASST DIR PLA 0.10
Highest
$0 $41,570 $184,871
MARIA ALVAREZ DIR. HUMAN R 0.10
Highest
$0 $37,773 $201,721
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 $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
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