Overview
What is Partners For Affordable Housing?
Partners For Affordable Housing, also recognized as Partners for Housing, is a nonprofit organization situated in Mankato, Minnesota. With a staff of 45 dedicated individuals, the organization's primary focus is to assist homeless families and individuals in securing stable, long-term housing. They accomplish this through various initiatives, including operating the Welcome Inn Transitional Living Center since 1985. This center offers temporary housing and supportive services, such as access to a social worker, to help individuals transition to more permanent living arrangements. Partners for Affordable Housing also manages multiple scattered site housing facilities in the Mankato area, providing both emergency and transitional housing options for vulnerable individuals and families.
Official website here: www.partnersforhousing.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 97%
Partners For Affordable Housing has achieved a remarkable Four-Star out of Four Star rating from Charity Navigator, indicating a high level of accountability and transparency in its operations. The organization scores exceptionally well across various categories, including a perfect 100 in Impact & Measurement, Culture & Community, and Leadership & Adaptability. This reflects the effectiveness and commitment of the organization in fulfilling its mission and serving the community.
The strong performance is bolstered by a fully independent board and excellent financial management, demonstrated by a low liabilities-to-assets ratio of 30.26% and a program expense ratio of 75.65%, ensuring that a significant portion of funding is directed towards programs rather than administrative costs. The organization has also established robust policies, such as a conflict of interest policy and a whistleblower policy, contributing to its credibility and governance.
However, there are some limitations noted in the documentation practices, specifically regarding the absence of a document retention and destruction policy, which received zero points in that category. Despite this, the overall evaluation highlights the nonprofit's strong leadership, effective feedback mechanisms, and commitment to equity strategies, showcasing its potential for impactful community engagement and sustained growth.
This AI summary has been generated from information found on Charity Navigator.
Is Partners For Affordable Housing legitimate?
Partners For Affordable Housing is a legitimate nonprofit organization registered as a 501(c)(3) entity. Partners For Affordable Housing submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $93,440
Professional Fundraising Fees: $0
Other Salaries and Wages: $708,430
For more financial information, click here
Official website here: www.partnersforhousing.org
What is the mission statement of Partners For Affordable Housing?
Partners For Affordable Housing is committed to providing shelter for homeless families and individuals, assisting them in securing long-term, economically viable housing solutions. The organization operates various scattered site facilities, offering emergency, transitional, and permanent housing options to at-risk individuals and families in need. Their mission aims to alleviate homelessness and provide a stable living environment, enabling individuals and families to regain their footing and build a sustainable future.
Official website here: www.partnersforhousing.org
Who is the CEO of Partners For Affordable Housing?
Trisha Anderson is the President of Partners For Affordable Housing.
Official website here: www.partnersforhousing.org
What is the revenue of Partners For Affordable Housing?
Partners For Affordable Housing's revenue in 2022 was $1,882,492.
Official website here: www.partnersforhousing.org
Who are the executives of Partners For Affordable Housing and what are their salaries?
The average compensation at Partners For Affordable Housing during 2022 was $17,819. There are 45 employees and 170 volunteers at Partners For Affordable Housing.
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- Compensation: $83,158
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- Other: $10,621
Official website here: www.partnersforhousing.org
Where can I find the form 990 for Partners For Affordable Housing?
Partners For Affordable Housing's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.partnersforhousing.org
Learn more at the official website: www.partnersforhousing.org
Mission Statement of Partners For Affordable Housing
Partners for Affordable Housing is dedicated to providing shelter and support for homeless families and individuals, aiming to help them secure stable, long-term housing. This mission-driven organization operates various scattered site housing facilities, offering a range of options including emergency, transitional, and permanent housing to at-risk individuals and families in need. By providing these essential services, Partners for Affordable Housing plays a crucial role in helping vulnerable individuals and families in their journey towards stable housing and improved living conditions.
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Impact
October, 2024
Partners For Affordable Housing plays a vital role in alleviating homelessness and promoting stability in the Mankato area. By providing shelter for homeless families and individuals, the organization addresses urgent housing needs while fostering a pathway to long-term housing solutions. The Welcome Inn Transitional Living Center, established in 1985, is a key component of this effort, offering five bedrooms with up to three beds each, tailored to accommodate the diverse needs of its residents.
The impact of Partners For Affordable Housing extends beyond mere shelter; it connects individuals and families with social workers and a range of supportive services, assisting them in navigating the challenges they face. The provision of emergency, transitional, and permanent housing options helps to stabilize lives, reduce economic vulnerability, and empower families to achieve self-sufficiency. Through its commitment to ensuring that every person has access to safe and secure housing, Partners For Affordable Housing significantly contributes to the well-being of the community and the promotion of long-term economic viability for its residents.
This information is meant to be a general summary of Partners For Affordable Housing. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Investment Income: $55
- Program Service Revenue: $258,256
- Gross Receipts: $1,907,610
Assets and Liabilities:
- Total Assets: $2,416,600
- Total Liabilities: $720,699
- Net Assets: $1,695,901
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
Rental
Revenue
$242,936
Eastport supportive se
Revenue
$13,505
Miscellaneous income
Revenue
$1,815
Organization Details
Founding Year
1984
Phone
(507) 387-2115Principal Officer
Trisha Anderson
Main Address
12 Civic Center Plaza Ste 2145, Mankato, MN, 56001
Website
www.partnersforhousing.orgNTEE Category
Code: L41 - Housing
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