Holdingford Housing Corporation
Nonprofit profile at a glance
- EIN
- 237423086
- IRS 990-EZ coverage
- 2020–2024
- Forms available
- Form 990-EZ 2024
- Location
- St Cloud, MN, USA
- Phone
- 3206501550
- Rating
- 73
- Verdict
- SUPPORTED
- Rating confidence
- Moderate
Reported finances
- Revenue
- $84,543
- Expenses
- $97,821
- Assets
- $104,362
- Liabilities
- $194,532
Source: IRS Form 990-EZ. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
5 people listed
Executive titles in this filing
- STEVE BRESNAHAN (BOARD PRESIDENT)
- RENAE STERNKE (BOARD VICE PRESIDENT)
People named in this filing
- STEVE BRESNAHAN (BOARD PRESIDENT)
- RENAE STERNKE (BOARD VICE PRESIDENT)
- TONYA SCHMIDT (BOARD SECRETARY/TREASURER)
Selected names, not a complete roster or a statement of current roles. Open leadership details for the complete filed list.
Source: IRS Form 990-EZ. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
Provide on a non-profit basis, housing for low and moderate income families.
What it reported doing in 2024
We provided 16 housing units to low and moderate income families, on a non-profit basis.
Operating model
- Revenue model
- Earned-program. 98% of the money available for current operations came from fees and other program revenue.
- Distribution model
- Direct operator. The filing allocates 100% of reported program-service expenses outside its grant, affiliate-payment, and member-benefit lines. This expense classification does not rule out separately announced grant awards.
The verdict
SUPPORTED - A large share of available resources goes toward mission work and the filed numbers largely add up. Revenue has declined or grown slowly and expenses are high relative to revenue.
Rating breakdown
- Financial Efficiency: 74
- Transparency & Controls: 82
- Sustainability: 33
- Growth: 40
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 77.1%; rating input score 77
- Program expense ratio: 68.2%; rating input score 68
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 52nd percentile among comparable filings
- Major donor itemization: Limited
Sustainability
- Operating margin: -15.7%; rating input score 26; 26th percentile among comparable filings
- Total-asset coverage ratio: 1.07; rating input score 48; 48th percentile among comparable filings
- Liabilities to assets ratio: 1.86; rating input score 3; 3rd percentile among comparable filings
- Officer compensation ratio: 0%; rating input score 56; 56th percentile among comparable filings
Growth
- Program expense growth: 0.8% per year; rating input score 100; 51st percentile among comparable filings
- Revenue growth: -0.3% per year; rating input score 0; 50th percentile among comparable filings
- Asset growth: -6.1% per year; rating input score 0; 22nd percentile among comparable filings
Details
- Where the money goes: 77.1% of revenue deployed · 68.2% of spending went to programs
- Governance: Filed governance answers
- Accomplishments: 1 filed program accomplishment · $67K in reported program spending
- Leadership: top reported pay $0 · 5 people listed
- Consistency: 9 of 9 current checks pass
- Schedules: 1 filed schedules
- Filing history: 5 filing years from 2020 to 2024
- Contacts: How to reach this organization
- Related organizations: Filed and resolved organization relationships.
- Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
- People: Everyone the filings name, and which of them the filings identify by more than a name.
Key Signals
Signals prioritize questions for review. They are not findings of misconduct.
- High — Growth: Revenue growth scored 0/100.
- High — Sustainability: Operating margin scored 26/100.
- High — Growth: Asset growth scored 0/100.
- Moderate — Sustainability: Total-asset coverage ratio scored 48/100.
- High — Sustainability: Liabilities to assets ratio scored 3/100.
- Review — Sustainability: Officer compensation ratio scored 56/100.