MINNEAPOLIS, MN
4 risk indicators measuring financial stability and operational resilience
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Sign In — Free (10 views/day)SIMPSON REAL ESTATE HOLDING COMPANY, founded in 2023, is a micro nonprofit in the Human Services sector that reported $93K in total revenue in fiscal year 2024. Revenue surged 354% from the prior year, signaling strong growth momentum. Expenses of $840K exceeded revenue, resulting in a 805% operating deficit.
SIMPSON REAL ESTATE HOLDING COMPANY WAS CREATED BY SIMPSON HOUSING SERVICES TO FINANCE THE CONSTRUCTION OF THE NEW SHELTER. THE MISSION STATEMENT FOR SIMPSON HOUSING SERVICES IS TO HOUSE, SUPPORT, & ADVOCATE FOR PEOPLE EXPERIENCING HOMELESSNESS. WE KNOW THAT WITH CLOSE, INDIVIDUAL ADVOCACY & SUPPORT INDIVIDUALS & FAMILIES EXPERIENCING HOMELESSNESS ACHIEVE HOUSING STABILITY.
THE PROJECT IS A NEW SHELTER ON THE SITE OF SIMPSON'S ORIGINAL SHELTER. ITS FEATURES WILL INCLUDE 72 SHELTER BEDS, AN ON-SITE HEALTH CLINIC, A COMMERCIAL KITCHEN AND DINING ROOM, ACCESS TO PRIVATE...
THE PROJECT IS A NEW SHELTER ON THE SITE OF SIMPSON'S ORIGINAL SHELTER. ITS FEATURES WILL INCLUDE 72 SHELTER BEDS, AN ON-SITE HEALTH CLINIC, A COMMERCIAL KITCHEN AND DINING ROOM, ACCESS TO PRIVATE GREEN SPACE, AND MORE. ADDITIONALLY, THE PROJECT BUILDING WILL BE SHARED WITH PROJECT FOR PRIDE IN LIVING (PPL). REHC WILL OWN AND LEASE THE EMERGENCY SHELTER ON THE FIRST TWO FLOORS OF THE BUILDING TO SIMPSON HOUSING SERVICES, AND PPL WILL OWN AND OPERATE 42 SUPPORTIVE HOUSING UNITS ON THE UPPER TWO FLOORS. THE PROJECT IS ANTICIPATED TO BE COMPLETED BY JANUARY 31, 2026.
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)| 2024 | 2023 | Change | |
|---|---|---|---|
| Revenue | $92,802 | $20,453 | +3.5% |
| Expenses | $840,295 | $44,989 | +17.7% |
| Net Income | $-747,493 | $-24,536 | +29.5% |
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 |
|---|---|---|---|---|---|---|
| STEVE HORSFIELD | BOARD CHAIR/PRESIDENT | 2.00 |
Officer
Director
|
$0 | $14,522 | $176,190 |
| MARK HAMEL | BOARD SECRETARY | 2.00 |
Officer
Director
|
$0 | $0 | $0 |
| FRANK FALLON | BOARD VICE PRESIDENT | 2.00 |
Officer
Director
|
$0 | $0 | $0 |
| JOHN NOLAN | VICE PRESIDENT | 2.00 |
Officer
|
$0 | $0 | $0 |
| DEB WARD | TREASURER | 2.00 |
Officer
|
$0 | $0 | $0 |
| WENDY WIEGMANN | VICE PRESIDENT | 2.00 |
Officer
|
$0 | $13,693 | $145,288 |
| Year | Revenue | Expenses | Assets | Net Income |
|---|---|---|---|---|
| 2025 | $92,802 | $840,295 | $25,851,916 | $-747,493 |
| 2024 | $20,453 | $44,989 | $25,448,148 | $-24,536 |
Compare SIMPSON REAL ESTATE HOLDING COMPANY with other nonprofits in Minnesota and across the country.