Overview
What is Minnesota Housing Partnership?
Minnesota Housing Partnership (MHP) is a nonprofit organization based in Saint Paul, Minnesota, specifically at 2446 University Avenue W 106. Its primary mission is to empower community organizations by providing them with the necessary resources and knowledge to create and preserve affordable housing and community assets. MHP's expertise encompasses various aspects, including innovative community planning processes and a deep understanding of complex federal programs. This know-how helps build capacity and fosters effective collaboration among community leaders, ultimately leading to systemic changes that expand opportunities, particularly for those most in need. MHP's diverse partnerships stimulate innovation and drive positive impacts in affordable housing and community development, not just in Minnesota but beyond its borders. With a team of 22 dedicated individuals, MHP leads, supports, and collaborates to promote equitable development capacity and combat economic and racial disparities.
Official website here: www.mhponline.org
What are the reviews and ratings of this charity?
Charity Navigator Rating 97% - Four-Star out of Four Star rating
Minnesota Housing Partnership has achieved an impressive Four-Star rating from Charity Navigator, reflecting its high level of financial health and transparency. With a perfect score of 100% in Accountability & Finance, the organization demonstrates strong governance and effective management practices. The board consists entirely of independent members, ensuring unbiased oversight and decision-making processes.
The financial metrics further highlight Minnesota Housing Partnership's operational efficiency, with 72% of its expenses directed towards programs. A low fundraising efficiency ratio of $0.03 indicates that the organization is able to raise funds effectively while maintaining minimal costs associated with fundraising efforts. Additionally, the organization has no material diversions of assets, which reflects a commitment to ethical financial practices.
While the organization exhibits robust financial health, the working capital ratio of 0.71 years suggests a limited buffer for unexpected expenses. Nevertheless, overall, Minnesota Housing Partnership stands out as a highly rated nonprofit that effectively manages its resources to fulfill its mission.
This AI summary has been generated from information found on Charity Navigator.
Is Minnesota Housing Partnership legitimate?
Minnesota Housing Partnership is a legitimate nonprofit organization registered as a 501(c)(3) entity. Minnesota Housing Partnership 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: $407,165
Professional Fundraising Fees: $0
Other Salaries and Wages: $1,068,444
For more financial information, click here
Official website here: www.mhponline.org
What is the mission statement of Minnesota Housing Partnership?
The Minnesota Housing Partnership works towards expanding housing and community development opportunities for individuals disproportionately affected by economic and racial disparities. They achieve this by leading collaborative efforts to promote systems change and foster equitable development capacity. The organization supports and collaborates with various partners to stimulate innovation and drive positive impacts in affordable housing and community development, not just in Minnesota but beyond. By helping organizations identify resources and develop the necessary knowledge, Minnesota Housing Partnership builds capacity and fosters effective and lasting collaboration among community leaders. Their expertise ranges from innovative community planning processes to understanding complex federal programs, ultimately contributing to the creation and preservation of housing and community assets.
Official website here: www.mhponline.org
Who is the CEO of Minnesota Housing Partnership?
Anne Mavity is the Chair of Minnesota Housing Partnership.
Official website here: www.mhponline.org
What is the revenue of Minnesota Housing Partnership?
Minnesota Housing Partnership's revenue in 2022 was $2,401,116.
Official website here: www.mhponline.org
Who are the executives of Minnesota Housing Partnership and what are their salaries?
The average compensation at Minnesota Housing Partnership during 2022 was $67,073. There are 22 employees and 183 volunteers at Minnesota Housing Partnership.
Here are 17 key members and their salaries:
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- Compensation: $147,662
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- Other: $21,282
- Compensation: $108,345
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- Other: $20,619
Official website here: www.mhponline.org
Where can I find the form 990 for Minnesota Housing Partnership?
Minnesota Housing Partnership's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.mhponline.org
Learn more at the official website: www.mhponline.org
Mission Statement of Minnesota Housing Partnership
Minnesota Housing Partnership, or MHP, is dedicated to strengthening development capacity and promoting systems change to expand opportunities, particularly for those most in need. The organization leads collaborative efforts to stimulate innovation and drive positive impact in affordable housing and community development, not just in Minnesota, but beyond its borders as well.
MHP's mission is centered around expanding housing and community development opportunities for individuals affected by economic and racial disparities. By leading collaborative work to promote systems change and grow equitable development capacity, MHP plays a crucial role in addressing these disparities. The organization's efforts are focused on supporting and collaborating with a diverse range of partners, thereby fostering an environment that encourages innovation and sustainable growth in the realm of affordable housing and community development.
In essence, Minnesota Housing Partnership serves as a resource for organizations seeking to create and preserve housing and community assets. Through innovative community planning processes and an in-depth understanding of complex federal programs, MHP builds capacity and fosters effective and lasting collaboration among community leaders. This collaborative approach enables communities to address their unique housing and development challenges, ultimately leading to a more equitable and inclusive society.
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Impact
July, 2024
Minnesota Housing Partnership's impact lies in strengthening development capacity and promoting systems change to expand opportunity, especially for those with the greatest need. Through supporting, leading, and collaborating with a diversity of partners, they stimulate innovation and drive positive impact in affordable housing and community development in Minnesota and beyond. Their expertise in community development helps organizations identify resources and develop the knowledge needed to create and preserve housing and community assets. By focusing on expanding housing and community development opportunities for those most impacted by economic and racial disparities, Minnesota Housing Partnership is leading collaborative work to promote systems change and grow equitable development capacity.
This information is meant to be a general summary of Minnesota Housing Partnership. 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: $6,498
- Program Service Revenue: $12,438
- Gross Receipts: $2,401,116
Assets and Liabilities:
- Total Assets: $2,330,685
- Total Liabilities: $124,384
- Net Assets: $2,206,301
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
CONSULTING
Revenue
$11,775
OTHER INCOME
Revenue
$663
Organization Details
Founding Year
1989
Phone
(612) 649-1710Principal Officer
Anne Mavity
Main Address
2446 UNIVERSITY AVENUE W 106, SAINT PAUL, MN, 55114
Website
www.mhponline.orgNTEE Category
Code: L80 - Housing
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