HAM LAKE, MN
4 risk indicators measuring financial stability and operational resilience
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Sign In — Free (10 views/day)ENVISION COMMUNITIES INC, founded in 2021, is a small nonprofit in the Housing & Shelter sector that reported $435K in total revenue in fiscal year 2023. Revenue surged 321% from the prior year, signaling strong growth momentum. The organization ran a surplus of $277K, a strong 64% operating margin.
ENVISION COMMUNITIES IS DEDICATED TO EMPOWERING INDIVIDUALS WITH LIVED EXPERIENCE OF HOMELESSNESS TO BECOME LEADERS IN CREATING SUSTAINABLE HOUSING SOLUTIONS. THROUGH OUR INNOVATIVE LEADERSHIP DEVELOPMENT PROGRAM, WE PROVIDE TRAINING, SUPPORT, AND RESOURCES TO POSITION PEOPLE WITH LIVED EXPERIENCE AS THE DESIGNERS AND DECISION-MAKERS OF ENVISION COMMUNITY AN INTENTIONAL SUPPORTIVE HOUSING COMMUNITY WHERE ALL PEOPLE HAVE WHAT THEY NEED TO LIVE THEIR HEALTHIEST LIVES. BY PRIORITIZING EQUITY, ADVOCATING FOR SYSTEMIC CHANGE, AND FOSTERING INCLUSIVITY, WE AIM TO CREATE HOUSING COMMUNITIES WHERE EVERYONE HAS A VOICE AND WHERE THE ENVIRONMENT PROMOTES SOCIAL CONNECTEDNESS, IMPROVES HEALTH OUTCOMES, AND OFFERS OPPORTUNITIES FOR ALL RESIDENTS TO THRIVE.
IN 2023, ENVISION COMMUNITIES EMPOWERED AND ENGAGED 45 INDIVIDUALS WITH LIVED EXPERIENCE OF HOMELESSNESS BY INVOLVING THEM AS DESIGNERS, PROBLEM SOLVERS, AND DECISION-MAKERS TO INFORM THE POLICIES...
IN 2023, ENVISION COMMUNITIES EMPOWERED AND ENGAGED 45 INDIVIDUALS WITH LIVED EXPERIENCE OF HOMELESSNESS BY INVOLVING THEM AS DESIGNERS, PROBLEM SOLVERS, AND DECISION-MAKERS TO INFORM THE POLICIES, PROCEDURES, AND SUPPORTS THAT WILL BE IN PLACE INTENTIONAL HOUSING COMMUNITY SCHEDULED TO BE BUILT IN 2025. THROUGH 6 WORKSHOPS, THE ENVISION LEADERS AND RESEARCH TEAM BROUGHT TOGETHER INDIVIDUALS WITH LIVED EXPERIENCE OF HOMELESSNESS, HEALTHCARE PROVIDERS, AND FUNDERS TO EXPLORE AND DISCUSS THE JOURNEY TO IDEAL HEALTH, FOCUSING ON SOCIAL CONNECTEDNESS, MENTAL HEALTH, CHEMICAL HEALTH, AND CANCER SCREENING. ENVISION COMMUNITIES IMPLEMENTED EQUAL VOICE RULES FOR BOARD PROCESSES - A SELF-GOVERNANCE SYSTEM BASED ON THE VALUES OF EQUALITY AND CONSENT BUILDING THAT FOSTERS A FLAT AND TRANSPARENT LEADERSHIP MODEL. THE BOARD AND ENVISION LEADERS UPHELD FISCAL RESPONSIBILITY, SUCCESSFULLY RAISED FUNDS, AND MANAGED THE PRE-DEVELOPMENT AND INITIAL DEVELOPMENT PHASES FOR THE FIRST ENVISION COMMUNITY, SET TO BE BUILT ON PENN AVENUE IN NORTH MINNEAPOLIS IN 2024. AS A YOUNG ORGANIZATION WITH AN AMBITIOUS MISSION AND INNOVATIVE APPROACH, ENVISION COMMUNITIES CURRENTLY ALLOCATES A HIGHER PERCENTAGE OF ITS BUDGET TO MANAGEMENT AND FUNDRAISING. THIS IS COMMON FOR NEW NONPROFITS, PARTICULARLY WHEN PIONEERING A NOVEL AFFORDABLE HOUSING MODEL. THESE INITIAL INVESTMENTS ARE ESSENTIAL FOR ESTABLISHING A STRONG FOUNDATION FOR OUR FIRST COMMUNITY AND THE NONPROFIT'S OVERALL INFRASTRUCTURE.
Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency
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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)
Sign In — Free (10 views/day)| 2023 | 2022 | Change | |
|---|---|---|---|
| Revenue | $434,949 | $103,250 | +3.2% |
| Expenses | $157,676 | $23,162 | +5.8% |
| Net Income | $277,273 | $80,088 | +2.5% |
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
Sign In| Name | Title | Hours/Week | Role | Reportable Comp | Other Comp | Total |
|---|---|---|---|---|---|---|
| FREDERICK TORAN | CHAIR | 1.00 |
Officer
Director
|
$12,681 | $0 | $12,681 |
| WILLIAM WALSH | VICE CHAIR | 1.00 |
Officer
Director
|
$0 | $0 | $0 |
| COURTNEY KIERNAT | SECRETARY | 1.00 |
Officer
Director
|
$0 | $0 | $0 |
| J PAUL SEIFERT | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| KYLE VANACKER | TREASURER | 1.00 |
Officer
Director
|
$0 | $0 | $0 |
| CATERA ETHERIDGE | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| GREGORY HESTNESS | DIRECTOR (THROUGH FEB) | 1.00 |
Director
|
$0 | $0 | $0 |
| Year | Revenue | Expenses | Assets | Net Income |
|---|---|---|---|---|
| 2024 | No data | No data | No data | No data |
| 2023 | $434,949 | $157,676 | $769,422 | $277,273 |
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