Minnesota Affordable Housing Collaborative Inc

Nonprofit profile at a glance

EIN
473724943
IRS 990-EZ coverage
2020–2024
Forms available
Form 990 2019, Form 990-EZ 2024
Location
Minneapolis, MN, USA
Phone
6126046400
Rating
86
Verdict
STRONG
Rating confidence
Moderate
Sector
Support N.E.C.

Reported finances

Revenue
$191,256
Expenses
$186,243
Assets
$147,306
Liabilities
$0

Source: IRS Form 990-EZ. Selected filing: tax year 2024. Amounts in USD.

Leadership & pay

3 people listed

Executive titles in this filing

  • JON L PETERSON (PRESIDENT)

People named in this filing

  • JON L PETERSON (PRESIDENT)
  • REBECCA LANDON (SECRETARY)
  • ERIN E MATHERN (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

Educate, advance, and increase awareness of affordable housing issues and causes.

What it reported doing in 2024

In 2024 the Minnesota affordable housing coalition hosted its ninth annual affordable housing summit- a full-day event focused on the development and financing of multifamily projects. The summit gathered an historic registration of 491 people from across the midwest and country to hear from industry leaders, discuss industry trends and plan for the future of affordable housing in our states. The day started with a keynote from mn housing commissioner, jennifer ho followed by panels sessions throughout the day, including:1. Minnesota housing updates2. Morning keynote: don elliot3. New funding sources: do you qualify?4. Belfry apartments case study5. Lunch keynote: tiffany manuel6. Post-covid operations best practices7. Minnesota energy code and energy efficiency in affordable housing8. Legislative update9. Investors panelthe summit was supported by 3 hosts and 33 sponsors.

Operating model

Revenue model
Earned-program. 100% 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

STRONG - A large share of available resources goes toward mission work and the filed numbers largely add up. Expenses are high relative to revenue and total assets are small relative to annual expenses; liquid coverage is unknown.

Rating breakdown

  • Financial Efficiency: 92
  • Transparency & Controls: 82
  • Sustainability: 51
  • Growth: 100

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 90.8%; rating input score 91
  • Program expense ratio: 93.2%; rating input score 93

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 52nd percentile among comparable filings
  • Major donor itemization: Limited

Sustainability

  • Operating margin: 2.6%; rating input score 42; 42nd percentile among comparable filings
  • Total-asset coverage ratio: 0.79; rating input score 52; 52nd percentile among comparable filings
  • Liabilities to assets ratio: 0; rating input score 76; 76th percentile among comparable filings
  • Officer compensation ratio: 0%; rating input score 63; 63rd percentile among comparable filings

Growth

  • Program expense growth: 56.6% per year; rating input score 100; 93rd percentile among comparable filings
  • Revenue growth: 8.4% per year; rating input score 100; 62nd percentile among comparable filings
  • Asset growth: 16.8% per year; rating input score 100; 76th percentile among comparable filings

Details

  • Where the money goes: 90.8% of revenue deployed · 93.2% of spending went to programs
  • Governance: Filed governance answers
  • Accomplishments: 1 filed program accomplishment · $174K in reported program spending
  • Leadership: top reported pay $0 · 3 people listed
  • Consistency: 8 of 8 current checks pass
  • Schedules: 1 filed schedules
  • Filing history: 5 filing years from 2020 to 2024
  • Contacts: How to reach this organization
  • 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.

  • Moderate — Sustainability: Operating margin scored 42/100.
  • Review — Sustainability: Total-asset coverage ratio scored 52/100.