Partners for Housing
Legal name: Partners for Affordable Housing
Nonprofit profile at a glance
- EIN
- 363333949
- IRS 990 coverage
- 2009–2024
- Official website data refreshed
- Sep 2026
- Forms available
- Form 990 2024
- Location
- Mankato, MN, United States
- Phone
- 507.387.2115
- Rating
- 86
- Verdict
- STRONG
- Rating confidence
- Moderate
Reported finances
- Revenue
- $1,859,711
- Expenses
- $1,859,200
- Assets
- $2,448,291
- Liabilities
- $868,227
Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
10 people listed
Executive titles in this filing
- Trisha Anderson (Executive Director)
Highest reported compensation
- Trisha Anderson (Executive Director): $76,532 total reported compensation
Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
Partners for Housing will guide individuals and families on a path toward housing stability. Our Board of Directors supports our mission and works with leadership to strategize for our future. The Board meets on a monthly basis, and committees (made of Board members and non-Board members) meet every 1-2 months. Current committees include Executive, Governance, Fundraising/Events, and Finance. We are looking to add Personnel, Property and St. Peter Committees in the future. We are currently looking to grow our Board of Directors! If you are interested in serving on our board, please contact Trisha Anderson at 507-304-7130 or [email protected]. Ben Chapman.
What it reported doing in 2024
Emergency Shelter: Though it offers a wide range of housing options for low-income families and individuals, Partners for Affordable Housing is probably best known as Mankato's "homeless shelter" offering emergency housing to those experiencing a temporary housing crisis. Theresa House and the Welcome Inn, located next door to each other, offer temporary respite to as many as 11 households at any given time. Case management services and skills classes augment the housing services provided. In 2018, Partners for Affordable Housing opened the St. Peter Motel offering 11 units available for emergency, transitional and longer-term housing. We served 210 individuals at the three Emergency Shelters.
Operating model
- Revenue model
- Grant-funded. 63% of the money available for current operations came from government grants.
- Distribution model
- Hybrid. The nonprofit split its reported program spending across 78% for direct work, and 22% for grants.
- Includes noncash contributions: Reported contributions include donated property or goods.
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: 78
- Transparency & Controls: 94
- Accountability: 100
- Sustainability: 41
- Growth: 100
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 78.2%; rating input score 78
- Program expense ratio: 75.9%; rating input score 76
- Fundraising efficiency: $58.98 raised per $1 spent on fundraising; rating input score 80; 80th percentile among comparable filings
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 63rd percentile among comparable filings
- Pay-setting controls: Limited
- Foreign activity oversight: Limited
- Grant itemization coverage: 100%; rating input score 100; 76th percentile among comparable filings
- Major donor itemization: Yes; rating input score 100
- Related-party transparency: Limited
Accountability
- Independent voting board: 100%; rating input score 100; 63rd percentile among comparable filings
- Governance controls: 8 of 8 controls in place; rating input score 100
- Conflict-of-interest policy: Pass
- Whistleblower policy: Pass
- Document-retention policy: Pass
- CEO compensation review process: Pass
- Other executive compensation review process: NotApplicable
- Form 990 shared with the board: Pass
- Board meeting minutes documented: Pass
- Audit committee oversight: Pass
- Independent financial-statement audit: Pass
Sustainability
- Operating margin: 0%; rating input score 36; 36th percentile among comparable filings
- Total-asset coverage ratio: 1.32; rating input score 52; 52nd percentile among comparable filings
- Liabilities to assets ratio: 0.35; rating input score 22; 22nd percentile among comparable filings
- Officer compensation ratio: 4.1%; rating input score 55; 55th percentile among comparable filings
Growth
- Program expense growth: 9.5% per year; rating input score 100; 61st percentile among comparable filings
- Revenue growth: 8.2% per year; rating input score 100; 60th percentile among comparable filings
- Asset growth: 0.4% per year; rating input score 100; 19th percentile among comparable filings
Details
- What they do: 3 programs and campaigns described on the official site · 1 operating location identified
- Where the money goes: 78.2% of revenue deployed · 75.9% of spending went to programs
- Governance: 9 of 9 board members independent · 8 of 8 filing controls reported
- Programs: 3 filed program accomplishments · $1.4M in reported program spending
- Leadership: top reported pay $77K · 10 people listed
- Consistency: 34 of 34 current checks pass
- Schedules: 6 filed schedules · includes major donors and grants
- Filing history: 16 filing years from 2009 to 2024
- Contacts: How to reach this organization
- Money network: 1 filed money-flow record
- 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.
- Moderate — Sustainability: Operating margin scored 36/100.
- Review — Sustainability: Total-asset coverage ratio scored 52/100.
- High — Sustainability: Liabilities to assets ratio scored 22/100.
- Review — Sustainability: Officer compensation ratio scored 55/100.