Minnesota Multi Housing Assn
- Assets
- $2.1m
- Revenue
- $2.1m
- Investments
- $1.0k
- Employees
- 14
- Location
- Bloomington, MN
- Founding
- 10/1971
- Data as of
- 12/2022
- EIN
- 41-0961625
Organization Overview
Minnesota Multi Housing Assn is located in Bloomington, MN. The organization was established in 1971. According to its NTEE Classification (L50) the organization is classified as: Homeowners & Tenants Associations, under the broad grouping of Housing & Shelter and related organizations. As of 12/2022, Minnesota Multi Housing Assn employed 14 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Minnesota Multi Housing Assn is a 501(c)(6) and as such, is described as a "Business League, Chambers of Commerce, or Real Estate Board" by the IRS.
For the year ending 12/2022, Minnesota Multi Housing Assn generated $2.1m in total revenue. The organization has seen a slow decline revenue. Over the past 4 years, revenues have fallen by an average of (2.6%) each year. All expenses for the organization totaled $2.0m during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (4.5%) per year over the past 4 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO SUPPORT THE MULTI-HOUSING INDUSTRY THROUGH PUBLIC POLICY LEADERSHIP, EDUCATIONAL OPPORTUNITIES, COMMUNICATIONS AND MARKETING IN WAYS THAT ENHANCE THE INDUSTRY FOR ITS MEMBERS, ITS RESIDENTS AND IT COMMUNITIES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
EDUCATION - PROVIDING EDUCATION TO MULTI-HOUSING OWNERS, MANAGERS AND OTHER EMPLOYEES.MHA EDUCATES MORE THAN 5,000 MULTI HOUSING PROFESSIONALS EACH YEAR. OUR PROGRAMS ARE NATIONALLY RECOGNIZED AS A BENCHMARK FOR STATE CONFERENCES, CERTIFICATION PROGRAMS AND OTHER LEARNING OPPORTUNITIES. THE OVER 100 EDUCATIONAL OPPORTUNITIES WE OFFER EVERY YEAR INCLUDES TRAINING FOR OWNERS, MANAGERS, MAINTENANCE TECHNICIANS AND LEASING CONSULTANTS. A SAMPLING OF SUBJECTS INCLUDES FAIR HOUSING, LANDLORD/TENANT LAW, EFFECTIVE LEASING, TROUBLESHOOTING MAINTENANCE REPAIRS, DIVERSITY TRAINING AND SUPERVISING SMART.
GOVERNMENTAL AFFAIRS & PUBLIC RELATIONS -SUCCESSFULLY LOBBIED AT STATE AND LOCAL LEVELS OF GOVERNMENT; PROVIDED RESOURCES AND PROMOTED THE INDUSTRY, RESIDENTS AND COMMUNITIES.DISTRIBUTING OUR PRINCIPLES OF SUCCESSFUL RENTAL PROPERTY MANAGEMENT BROCHURES HELP PROPERTY OWNERS TO OPERATE EFFECTIVELY AND HELPS TO ENSURE THAT THEIR BUSINESS PRACTICES ADD TO THE ECONOMIC GROWTH OF THE COMMUNITY. OUR PARTNERSHIPS WITH CITIES AND CRIME-FREE PROGRAM OFFICERS AID IN TRAINING OWNERS AND MANAGERS ON PROPER MANAGEMENT PRACTICES. OUR HOTLINE AND OTHER RESOURCES PROVIDE BOTH RENTERS AND PROPERTY MANAGERS THE KNOWLEDGE NECESSARY TO FOSTER POSITIVE BUSINESS RELATIONSHIPS. AND, OUR INDUSTRY PROFESSIONALS HELP TO PREPARE HIGH SCHOOL STUDENTS FOR LOOKING FOR AN APARTMENT, SIGNING A LEASE, AND LIVING ON THEIR OWN AS RESPONSIBLE CONTRIBUTORS TO THEIR COMMUNITIES.
MEETINGS - TRAINING AND MEMBERSHIP EVENTS.MHA HOSTS SEVERAL MONTHLY MEETINGS FOR OWNERS, MANAGERS AND EMPLOYEES OF MULTI HOUSING TO IMPROVE THEIR BUSINESS SKILLS AND KNOWLEDGE. SEVERAL HUNDRED PEOPLE ATTEND THESE PROGRAMS EACH YEAR. THESE PROGRAMS ARE AIMED AT OWNERS OF SMALL TO MID-SIZE RENTAL PROPERTIES AND COMMON INTEREST COMMUNITIES. IN ADDITION WE HAVE MULTIPLE PROGRAMS WHICH OFFER NETWORKING OPPORTUNITIES TO OUR MEMBERS, HELP BUILD COMMUNITY AND RECOGNIZE OUTSTANDING ACCOMPLISHMENTS. OVER 1500 PEOPLE ATTEND THESE PROGRAMS ANNUALLY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jennifer Spadine Board Chair | OfficerTrustee | 1 | $0 |
Joe Abraham Immediate Past Chair | OfficerTrustee | 1 | $0 |
Matt Teasdale 2nd Vice Chair | OfficerTrustee | 1 | $0 |
Brenda Hvambsal Secretary | OfficerTrustee | 1 | $0 |
Jennifer Gordon Treasurer | OfficerTrustee | 1 | $0 |
Leanna Stefaniak First Vice Chair | OfficerTrustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $204,150 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $204,150 |
| Total Program Service Revenue | $1,891,355 |
| Investment income | $8,653 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,106,658 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $386,127 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $39,664 |
| Payroll taxes | $16,069 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $3,055 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $81,643 |
| Advertising and promotion | $114,540 |
| Office expenses | $12,469 |
| Information technology | $71,113 |
| Royalties | $0 |
| Occupancy | $60,185 |
| Travel | $486 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $307,232 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $14,788 |
| Insurance | $11,062 |
| All other expenses | -$53,677 |
| Total functional expenses | $1,972,830 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $75,586 |
| Savings and temporary cash investments | $1,386,637 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $229,538 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $73,485 |
| Net Land, buildings, and equipment | $200,755 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $1,000 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $170,913 |
| Total assets | $2,137,914 |
| Accounts payable and accrued expenses | $16,603 |
| Grants payable | $0 |
| Deferred revenue | $749,323 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $765,926 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $1,371,988 |
| Total liabilities and net assets/fund balances | $2,137,914 |