MATRIX HOUSING SERVICES

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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

2014

Legal Domicile

Principal Officer

SUBASHINI AMBROSE

Tax Period

2020-01-01 to 2020-12-31

MATRIX HOUSING SERVICES, founded in 2014, is a community nonprofit that reported $1.9M in total revenue in fiscal year 2020. Revenue surged 94% from the prior year, signaling strong growth momentum. Expenses of $1.8M left a modest 6% surplus.

Mission

THE MISSION OF MATRIX HOUSING SERVICES IS TO DELIVER HIGH-QUALITY PROGRAMS AND WELL ROUNDED SERVICES FOR PEOPLE EXPERIENCING HOMELESSNESS.

Program Service Accomplishments

Program 1

Expenses: $669,425

EMERGYENCY SHELTER AND RESOURCE CENTER: MATRIX EMERGENCY SHELTER SERVED 199 ADULTS WHO WERE EXPERIENCING HOMELESSNESS IN DAKOTA COUNTY. WE PROVIDED A SAFE PLACE TO SLEEP, FOOD, AND CASE MANAGEMENT...

EMERGYENCY SHELTER AND RESOURCE CENTER: MATRIX EMERGENCY SHELTER SERVED 199 ADULTS WHO WERE EXPERIENCING HOMELESSNESS IN DAKOTA COUNTY. WE PROVIDED A SAFE PLACE TO SLEEP, FOOD, AND CASE MANAGEMENT SUPPORT SERVICES. IN MARCH 2020, SHELTER OPERATIONS WERE MOVED TO A HOTEL TO PROVIDE NON-CONGREGATE SHELTER IN RESPONSE TO COVID-19. MATRIX RESOURCE CENTER SERVED AN AVERAGE OF 30 PEOPLE DAILY. THE RESOURCE CENTER PROVIDED BREAKFAST AND LUNCH, SHOWERS, LAUNDRY, CASE MANAGEMENT SUPPORT SERVICES, AND A SAFE PLACE TO BE DURING THE WEEKDAYS. GUESTS HAD ACCESS TO PHONES AND COMPUTERS TO SUPPORT JOB AND HOUSING SEARCHES.

Program 2

Expenses: $474,866

COORDINATED ENTRY ASSESSMENTS: ASSESSED 840 PEOPLE WHO WERE STAYING OUTSIDE OR IN SHELTER IN HENNEPIN COUNTY. THE ASSESSORS FIELD INQUIRIES ABOUT HOUSING AND COORDINATED ENTRY IN HENNEPIN COUNTY...

COORDINATED ENTRY ASSESSMENTS: ASSESSED 840 PEOPLE WHO WERE STAYING OUTSIDE OR IN SHELTER IN HENNEPIN COUNTY. THE ASSESSORS FIELD INQUIRIES ABOUT HOUSING AND COORDINATED ENTRY IN HENNEPIN COUNTY, MAINTAIN CONTACT WITH PEOPLE WHO ARE ASSESSED, AND ASSIST IN CONNECTING CLIENTS TO HOUSING PROVIDERS ONCE THEY ARE REFERRED.

Program 3

Expenses: $109,175

RAPID REHOUSING: WE SERVED FAMILIES AND SINGLE ADULTS WHO WERE EXPERIENCING HOMELESSNESS IN DAKOTA COUNTY. 27 PARTICIPANTS WERE ASSISTED WITH OBTAINING HOUSING, CASE MANAGEMENT SUPPORT SERVICES TO...

RAPID REHOUSING: WE SERVED FAMILIES AND SINGLE ADULTS WHO WERE EXPERIENCING HOMELESSNESS IN DAKOTA COUNTY. 27 PARTICIPANTS WERE ASSISTED WITH OBTAINING HOUSING, CASE MANAGEMENT SUPPORT SERVICES TO HELP STABILIZE THEIR HOUSING, AND RENTAL ASSISTANCE. IN HENNEPIN COUNTY WE SERVED 41 SINGLES AND 34 FAMILIES WHO WERE EXPERIENCING HOMELESSNESS. ALL PARTICIPANTS WERE ASSISTED WITH OBTAINING HOUSING, CASE MANAGEMENT SUPPORT SERVICES TO HELP STABILIZE THEIR HOUSING, AND RENTAL ASSISTANCE.

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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 (2020)

Revenue Breakdown

Contributions & Grants $1,901,878

Program Service Revenue $0

Investment Income $1

Other Revenue $0

TOTAL REVENUE $1,901,879

Expense Breakdown

Grants Paid $0

Salaries & Benefits $777,531

Fundraising Expenses $0

Program Expenses $1,253,466

Other Expenses $1,008,020

TOTAL EXPENSES $1,785,551

Year-over-Year Comparison

	2020	2019	Change
Revenue	$1,901,879	$981,617	+0.9%
Expenses	$1,785,551	$980,382	+0.8%
Net Income	$116,328	$1,235	+93.2%

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

Volunteers

380

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

$105,746

Total Directors

$210,111

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
SUBASHINI AMBROSE	EXECUTIVE DIRECTOR	50.00	Officer Director	$98,246	$7,500	$105,746
KRISTEN BROWN	DIRECTOR OF PROGRAMS	50.00	Director	$96,865	$7,500	$104,365
EDWARD SOLOMON	BOARD SECRETARY	2.00	Director	$0	$0	$0
SHAWN ATKINS	BOARD CHAIR INTERIM TREASURE	3.00	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
2020	$1,901,879	$1,785,551	$403,720	$116,328
2019	$981,617	$980,382	$73,872	$1,235
2018	$725,432	$732,930	$51,632	$-7,498
2017	$338,922	$383,470	$46,846	$-44,548