NICOLLET MEADOWS HOUSING GROUP

EIN: 412019031 501(c)(3) Housing & Shelter

SLAYTON, MN

Total Revenue
$1,403,925
Total Expenses
$1,415,871
Total Assets
$7,837,330
Net Assets
$-1,640,984
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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
CHAD ADAMS
Phone
5078368547
Tax Period
2024-01-01 to 2024-12-31

NICOLLET MEADOWS HOUSING GROUP, founded in 2001, is a community nonprofit in the Housing & Shelter sector that reported $1.4M in total revenue in fiscal year 2024. Revenue surged 23% from the prior year, signaling strong growth momentum.

Mission

TO PROVIDE AFFORDABLE HOUSING TO LOW AND MODERATE INCOME TENANTS.

Program Service Accomplishments

Program 1
Expenses: $1,253,426 Revenue: $1,223,862

NICOLLET MEADOWS HOUSING GROUP (THE ORGANIZATION) IS A NONPROFIT ENTITY THAT OWNS AND OPERATES TWO RENTAL HOUSING PROPERTIES KNOWN AS CARDINAL MANOR AND LAKESIDE APARTMENTS (THE PROJECT). THE PROJECT...

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NICOLLET MEADOWS HOUSING GROUP (THE ORGANIZATION) IS A NONPROFIT ENTITY THAT OWNS AND OPERATES TWO RENTAL HOUSING PROPERTIES KNOWN AS CARDINAL MANOR AND LAKESIDE APARTMENTS (THE PROJECT). THE PROJECT CONSISTS OF 136 UNITS LOCATED IN WILLMAR, ALEXANDRIA AND CURRIE, MINNESOTA.

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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 $1,223,862
Investment Income $24,757
Other Revenue $155,306
TOTAL REVENUE $1,403,925

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $1,253,426
Other Expenses $1,415,871
TOTAL EXPENSES $1,415,871

Year-over-Year Comparison

2024 2023 Change
Revenue $1,403,925 $1,144,888 +0.2%
Expenses $1,415,871 $1,337,056 +0.1%
Net Income $-11,946 $-192,168 -0.9%
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
4
Independent Members
2
Employees
N/A
Volunteers
2

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
4
$342,886
Total Directors
4
$342,886
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
CHAD ADAMS PRESIDENT 2.00
Officer Director
$0 $20,448 $189,390
KRISTIE BLANKENSHIP VICE PRESIDENT 2.00
Officer Director
$0 $27,383 $153,496
JAY TRUSTY TREASURER 1.00
Officer Director
$0 $0 $0
TARA ONKEN SECRETARY 1.00
Officer 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
2024 $1,403,925 $1,415,871 $7,837,330 $-11,946
2023 $1,144,888 $1,337,056 $7,602,133 $-192,168
2022 $1,019,249 $1,550,949 $7,785,673 $-531,700
2021 $1,018,863 $1,314,063 $8,272,022 $-295,200
2020 $1,003,366 $1,236,884 $8,518,601 $-233,518
2019 $999,506 $1,168,117 $8,736,021 $-168,611
2018 $963,275 $1,135,877 $8,865,696 $-172,602
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