Partners For Affordable Housing
- Assets
- $2.4m
- Revenue
- $1.9m
- Investments
- $0.0
- Employees
- 45
- Location
- Mankato, MN
- Founding
- 01/1985
- Data as of
- 06/2022
- EIN
- 36-3333949
Organization Overview
Partners For Affordable Housing, operating under the name Partners for Housing, is located in Mankato, MN. The organization was established in 1985. According to its NTEE Classification (L99) the organization is classified as: Housing & Shelter N.E.C., under the broad grouping of Housing & Shelter and related organizations. As of 06/2022, Partners for Housing employed 45 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Partners for Housing is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 06/2022, Partners for Housing generated $1.9m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 12.8% each year . All expenses for the organization totaled $1.7m during the year ending 06/2022. While expenses have increased by 11.0% per year over the past 7 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
PROVIDES SHELTER FOR HOMELESS FAMILIES & INDIVIDUALS, & HELPS THEM TO SECURE LONG-TERM HOUSING.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TRANSITIONAL HOUSING: PARTNERS FOR AFFORDABLE HOUSING OPENED THE WELCOME INN TRANSITIONAL LIVING CENTER THE SUMMER OF 1985. COMMITTED TO SERVING HOMELESS FAMILIES AND INDIVIDUALS, IT PROVIDES HOUSING AND ACCESS TO A SOCIAL WORKER AND OTHER SUPPORTIVE SERVICES. CURRENTLY, THE WELCOME INN HAS 5 BEDROOMS WITH UP TO 3 BEDS EACH.
PERMANENT HOUSING: OUR AGENCY ALSO PROVIDES SOME PERMANENT AND AFFORDABLE HOUSING FOR LOW-INCOME INDIVIDUALS AND FAMILIES AND THOSE WITH SPECIAL NEEDS IN ORDER TO HELP COMBAT HIGH RENTAL COSTS THAT ARE FOUND IN OUR COMMUNITY.
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.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jen Theneman Executive Director | Officer | 58 | $83,158 |
Sara Dorfner Treasurer | OfficerTrustee | 2 | $0 |
Krista Dinsmore Secretary | OfficerTrustee | 2 | $0 |
Christian Bailey President | OfficerTrustee | 4 | $0 |
Laina Rajala Vice President | OfficerTrustee | 4 | $0 |
Coralyn Musser Member | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $37,126 |
| Related organizations | $0 |
| Government grants | $621,479 |
| All other contributions, gifts, grants, and similar amounts not included above | $723,047 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,381,652 |
| Total Program Service Revenue | $258,256 |
| Investment income | $55 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $56,873 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,882,492 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $93,440 |
| Compensation of current officers, directors, key employees. | $33,490 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $708,430 |
| Pension plan accruals and contributions | $18,352 |
| Other employee benefits | $10,937 |
| Payroll taxes | $61,238 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $345 |
| Fees for services: Accounting | $10,700 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $5,655 |
| Advertising and promotion | $2,376 |
| Office expenses | $12,759 |
| Information technology | $9,363 |
| Royalties | $0 |
| Occupancy | $159,452 |
| Travel | $12,375 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $100,006 |
| Insurance | $50,665 |
| All other expenses | $2,803 |
| Total functional expenses | $1,742,507 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $283,105 |
| Savings and temporary cash investments | $75,558 |
| Pledges and grants receivable | $77,691 |
| Accounts receivable, net | $12,373 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $21,505 |
| Net Land, buildings, and equipment | $1,827,919 |
| Investments—publicly traded securities | $118,449 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $2,416,600 |
| Accounts payable and accrued expenses | $52,234 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $649,030 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $19,435 |
| Total liabilities | $720,699 |
| Net assets without donor restrictions | $1,615,224 |
| Net assets with donor restrictions | $80,677 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $2,416,600 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Partners For Affordable Housing has recieved totaling $500.
| Awarding Organization | Amount |
|---|---|
Valley News Charity Fund Mankato, MN PURPOSE: UNRESTRICTED GENERAL FUND | $500 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Cedar Falls Lutheran Home Cedar Falls, IA | $37,181,426 | $19,916,708 |
Latino Economic Development Center Saint Paul, MN | $11,641,082 | $19,528,644 |
Madonna Towers Of Rochester Inc Minneapolis, MN | $26,340,928 | $16,247,801 |
Hearth Connection Saint Paul, MN | $2,283,440 | $14,314,767 |
Aptiv Incorporated La Crosse, WI | $4,803,038 | $12,027,224 |
Wayside House Inc St Louis Park, MN | $4,548,768 | $9,185,572 |
Good Shepherd Lutheran Home Rushford, MN | $5,235,289 | $7,321,984 |
Central Iowa Shelter & Services Des Moines, IA | $16,046,844 | $7,232,062 |
Partnership Resources Inc Minneapolis, MN | $2,279,751 | $4,670,067 |
Eastwood Of Ames Inc Spencer, IA | $21,177,734 | $3,310,260 |
Willis Dady Emergency Shelter Inc Cedar Rapids, IA | $7,658,344 | $4,943,373 |
Titonka Community Rest Home Inc Titonka, IA | $1,173,392 | $2,166,094 |