Minnesota Housing Partnership
- Assets
- $2.2m
- Revenue
- $3.1m
- Investments
- $0.0
- Employees
- 23
- Location
- Saint Paul, MN
- Founding
- 03/1990
- Data as of
- 09/2023
- EIN
- 41-1649643
Organization Overview
Minnesota Housing Partnership is located in Saint Paul, MN. The organization was established in 1990. According to its NTEE Classification (S21) the organization is classified as: Community Coalitions, under the broad grouping of Community Improvement & Capacity Building and related organizations. As of 09/2023, Minnesota Housing Partnership employed 23 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Minnesota Housing Partnership is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 09/2023, Minnesota Housing Partnership generated $3.1m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 4.6% each year. All expenses for the organization totaled $3.3m during the year ending 09/2023. While expenses have increased by 4.1% per year over the past 8 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Minnesota Housing Partnership has awarded 51 individual grants totaling $630,763. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
MINNESOTA HOUSING PARTNERSHIP (MHP) STRENGTHENS DEVELOPMENT CAPACITY AND PROMOTES SYSTEMS CHANGE TO EXPAND OPPORTUNITY, ESPECIALLY FOR THOSE WITH THE GREATEST NEED. WE SUPPORT, LEAD, AND COLLABORATE WITH A DIVERSITY OF PARTNERS TO STIMULATE INNOVATION AND DRIVE POSITIVE IMPACT IN AFFORDABLE HOUSING AND COMMUNITY DEVELOPMENT IN MINNESOTA AND BEYOND
Describe the Organization's Program Activity:
Part 3 - Line 4a
COMMUNITY DEVELOPMENT--MHP HELPS ORGANIZATIONS IDENTIFY RESOURCES AND DEVELOP THE KNOWLEDGE THEY NEED TO CREATE AND PRESERVE HOUSING AND COMMUNITY ASSETS. FROM INNOVATIVE COMMUNITY PLANNING PROCESSES TO KNOWLEDGE OF COMPLEX FEDERAL PROGRAMS, OUR EXPERTISE BUILDS CAPACITY AND EFFECTIVE --AND LASTING-- COLLABORATION AMONG COMMUNITY LEADERS.
POLICY--FROM ADVCOCACY AT THE MINNESOTA STATE CAPITOL TO THE FEDERAL, REGIONAL, AND LOCAL LEVELS OF GOVERNMENT, MHP DRIVES EFFORTS FOR SMART HOUSING POLICIES AND MOBILIZES CHAMPIONS IN SUPPORT OF AFFORDABLE HOUSING INVESTMENT FOR THOSE WHO NEED IT MOST.
RESEARCH--MHP ANALYZES DATA AND IDENTIFIES KEY TRENDS THAT MAKE THE CASE FOR AFFORDABLE HOUSING AND DRIVES OUR PUBLIC POLICY AND COMMUNITY DEVELOPMENT EFFORTS. OUR PUBLICATIONS ALSO PROPEL PUBLIC DIALOGUE ON CRITICAL ISSUES AND GIVE STAKEHOLDERS THE DATA-INFORMED INFORMATION THEY NEED TO EFFECTIVELY ADVOCATE FOR THEIR COMMUNITIES. AN EXAMPLE OF MHP'S DATA BEING UTILIZED FOR ACTION: OUR "MARKET WATCH" RESEARCH SERIES ON NATURALLY OCCURING AFFORDABLE HOUSING HAS BEEN CITED AS A "GAME-CHANGER" FOR POLICYMAKERS AND ADVOCATES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Erin Mathern Chair | OfficerTrustee | 3 | $0 |
Buffy Beranek Treasurer | OfficerTrustee | 3 | $0 |
Dan Smith Member | Trustee | 1 | $0 |
Tony Schertler Member | Trustee | 1 | $0 |
Elfric Porte II Member | Trustee | 1 | $0 |
Nick Place Member | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Blue Star Studio Inc Consulting | 9/29/15 | $117,387 |
Wisconsin Partnership For Housing Develo Consulting | 9/29/15 | $114,272 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $1,597,719 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,513,968 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $3,111,687 |
| Total Program Service Revenue | $864 |
| Investment income | $22,467 |
| 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 | $3,135,018 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $188,980 |
| Grants and other assistance to domestic individuals. | $5,000 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $177,644 |
| Compensation of current officers, directors, key employees. | $44,411 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,514,380 |
| Pension plan accruals and contributions | $51,738 |
| Other employee benefits | $172,079 |
| Payroll taxes | $123,400 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $17,500 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $629,196 |
| Advertising and promotion | $0 |
| Office expenses | $8,909 |
| Information technology | $192,588 |
| Royalties | $0 |
| Occupancy | $29,847 |
| Travel | $110,267 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $49,201 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $8,123 |
| All other expenses | $3,020 |
| Total functional expenses | $3,339,506 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $160,646 |
| Savings and temporary cash investments | $978,520 |
| Pledges and grants receivable | $368,557 |
| Accounts receivable, net | $162,064 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $48,996 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $75,153 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $393,882 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $32,622 |
| Total assets | $2,220,440 |
| Accounts payable and accrued expenses | $185,532 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| 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 | $33,095 |
| Total liabilities | $218,627 |
| Net assets without donor restrictions | $1,220,504 |
| Net assets with donor restrictions | $781,309 |
| 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 | $0 |
| Total liabilities and net assets/fund balances | $2,220,440 |
Grants Awarded
Over the last fiscal year, Minnesota Housing Partnership has awarded $161,250 in support to 7 organizations.
| Grant Recipient | Amount |
|---|---|
HOUSING JUSTICE CENTER PURPOSE: CO-CONVENER ERASE GRANT | $37,500 |
SPOKANE INDIAN HOUSING AUTHORITY PURPOSE: OSAH ORGANIZING AND PARTICIPATION GRANTS | $42,500 |
ACER PURPOSE: CO-CONVENER ERASE GRANT | $30,000 |
WHITE EARTH RESERVATION HOUSING AUTHORITY PURPOSE: CO-CONVENER ERASE GRANT | $25,000 |
CITY OF WINNEBAGO PURPOSE: SRCG | $10,000 |
TWO HARBORS HRA PURPOSE: HUD FA | $6,250 |