Overview
What is Southwest Minnesota Housing Partnership?
Southwest Minnesota Housing Partnership (SWMHP) is a dedicated nonprofit organization based in Slayton, Minnesota. With extensive experience in multi-family housing development and asset management, SWMHP has brought to life over 10,000 housing units and currently oversees 2,050 rental units across 67 properties in 30 communities. Their mission is to collaborate with local areas in creating homes for people, providing essential services like capital needs analysis, refinancing for extended affordability, and financing reviews for properties and portfolios. SWMHP's workforce, consisting of 32 employees, is committed to contributing to the housing landscape in Southwest Minnesota.
Official website here: www.swmhp.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 81% (Three-Star out of Four Star rating)
The Southwest Minnesota Housing Partnership received a Three-Star rating from Charity Navigator, reflecting a strong performance in Accountability & Finance with a score of 81%. This rating is significant as it showcases the organization's commitment to transparency and responsible financial management, which are critical for donor confidence and support.
The organization boasts a fully independent board, with 100% of its members meeting this criterion, and it has effectively established robust policies, including conflict of interest and whistleblower policies. Additionally, the program expense ratio of 92.69% indicates that a substantial majority of its resources are directed toward its mission-related activities, which is a positive sign for potential donors and stakeholders.
However, while the organization excels in financial accountability, the overall score is solely based on this beacon area. This indicates that further information on other operational aspects, such as program effectiveness or community impact, could enhance understanding of its overall performance and mission effectiveness.
This AI summary has been generated from information found on Charity Navigator.
Is Southwest Minnesota Housing Partnership legitimate?
Southwest Minnesota Housing Partnership is a legitimate nonprofit organization registered as a 501(c)(3) entity. Southwest 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: $185,975
Professional Fundraising Fees: $0
Other Salaries and Wages: $1,704,246
For more financial information, click here
Official website here: www.swmhp.org
What is the mission statement of Southwest Minnesota Housing Partnership?
The Southwest Minnesota Housing Partnership (SWMHP) works in collaboration with communities to create homes for people. Their mission is geared towards the development of affordable housing units. As an experienced developer and manager of residential real estate, SWMHP has brought to fruition over 10,000 housing units and manages 2,050 rental units in 67 properties. Their asset management services include analyzing capital needs, securing extended affordability or retention of rental subsidies through refinancing, and reviewing financing for properties and portfolios.
Official website here: www.swmhp.org
Who is the CEO of Southwest Minnesota Housing Partnership?
Chad Adams is the Chair of Southwest Minnesota Housing Partnership. The CEO's salary of Southwest Minnesota Housing Partnership is $161,434 and their total compensation is $184,750.
Official website here: www.swmhp.org
What is the revenue of Southwest Minnesota Housing Partnership?
Southwest Minnesota Housing Partnership's revenue in 2022 was $12,931,665.
Official website here: www.swmhp.org
Who are the executives of Southwest Minnesota Housing Partnership and what are their salaries?
The average compensation at Southwest Minnesota Housing Partnership during 2022 was $59,069. There are 32 employees and 50 volunteers at Southwest Minnesota Housing Partnership.
Here are 15 key members and their salaries (Southwest Minnesota Housing Partnership's CEO's salary is $161,434 and their total compensation is $184,750):
- Compensation: $200
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $50
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $275
- Related: $0
- Other: $0
- Compensation: $225
- Related: $0
- Other: $0
- Compensation: $100
- Related: $0
- Other: $0
- Compensation: $375
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $161,434
- Related: $0
- Other: $23,316
- Compensation: $114,732
- Related: $0
- Other: $22,281
- Compensation: $104,550
- Related: $0
- Other: $31,051
Official website here: www.swmhp.org
Where can I find the form 990 for Southwest Minnesota Housing Partnership?
Southwest Minnesota Housing Partnership's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.swmhp.org
Learn more at the official website: www.swmhp.org
Mission Statement of Southwest Minnesota Housing Partnership
Southwest Minnesota Housing Partnership (SWMHP), a seasoned developer and manager of residential real estate, is dedicated to collaborating with communities to create homes for people. With a primary focus on multi-family affordable housing, SWMHP has brought to fruition over 10,000 housing units and currently manages 2,050 rental units spread across 67 properties in various communities.
In their mission to provide places for people to call home, SWMHP offers comprehensive asset management services. These services encompass capital needs analysis, refinancing to secure extended affordability or rental subsidies, and financing reviews for properties and portfolios. By implementing these strategies, SWMHP ensures the viability and affordability of their housing developments, ultimately contributing to stable and thriving communities.
Shop smarter and support your favorite cause with the Give Freely browser extension. Save money with coupons and donate to charity with a single click. Download now!
Impact
October, 2024
The Southwest Minnesota Housing Partnership significantly impacts community well-being by developing affordable housing options. With a focus on multi-family residential real estate, it has successfully developed over 10,000 housing units and currently manages 2,050 rental units across 67 properties in 30 communities. This extensive involvement not only enhances the quality of housing available but also fosters stability and growth within those communities.
Through asset management services, the partnership conducts capital needs analyses, refinances properties to maintain affordability, and reviews financing options to ensure sustainable housing solutions. By collaborating with local communities, the organization is dedicated to creating inclusive environments where individuals and families can thrive, ultimately leading to stronger, more vibrant neighborhoods in southwest Minnesota.
This information is meant to be a general summary of Southwest 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: $357,643
- Program Service Revenue: $11,302,458
- Gross Receipts: $12,931,665
Assets and Liabilities:
- Total Assets: $66,592,294
- Total Liabilities: $60,792,574
- Net Assets: $5,799,720
Want to help this charity, for free? You can click here to learn more about Give Freely
Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RENTAL INCOME
Revenue
$9,604,193
FEES FOR SERVICE
Revenue
$1,040,819
ASSETS HELD FOR SALE
Revenue
$462,609
ACTIVITY IN LP'S
Revenue
$194,837
Organization Details
Founding Year
1992
Phone
(507) 836-8547Principal Officer
Chad Adams
Main Address
2401 BROADWAY AVENUE, SLAYTON, MN, 561721142
Website
www.swmhp.orgNTEE Category
Code: L210 - Housing
If you are a representative of Southwest Minnesota Housing Partnership and wish to learn more about how Give Freely can help you raise funds, please click here: https://givefreely.com/nonprofits/. Our services are offered at no cost to your organization.