NONPROFIT MORTGAGE

EIN: 811629552 501(c)(3) Housing & Shelter

Minneapolis, MN

Total Revenue
$193,316
Total Expenses
$211,890
Total Assets
$100,638
Net Assets
$100,638
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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
2019
Legal Domicile
MN
Principal Officer
Ronald Welbaum
Phone
6124087777
Tax Period
2025-01-01 to 2025-12-31

NONPROFIT MORTGAGE, founded in 2019, is a small nonprofit in the Housing & Shelter sector that reported $193K in total revenue in fiscal year 2025. Revenue fell 51% from the prior year — a significant decline worth monitoring.

Mission

Nonprofit Mortgage provides down payment assistance funds to underserved and disadvantaged customers.

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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 (2025)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $193,218
Investment Income $98
Other Revenue $0
TOTAL REVENUE $193,316

Expense Breakdown

Grants Paid $4,100
Salaries & Benefits $144,263
Fundraising Expenses $0
Program Expenses $185,220
Other Expenses $63,527
TOTAL EXPENSES $211,890

Year-over-Year Comparison

2025 2024 Change
Revenue $193,316 $396,981 -0.5%
Expenses $211,890 $379,013 -0.4%
Net Income $-18,574 $17,968 -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
3
Independent Members
2
Employees
12
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
3
$0
Total Directors
3
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Ronald Welbaum President 40
Officer Director
$0 $0 $0
Tina Martini Sectretary 1
Officer Director
$0 $0 $0
Geeta Chopra Treasurer 1
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
2025 $193,316 $211,890 $100,638 $-18,574
2024 $396,981 $379,013 $119,212 $17,968
2023 $358,781 $359,392 $141,244 $-611
2022 $315,177 $282,919 $287,940 $32,258
2021 $201,222 $170,174 $113,237 $31,048
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