Southwest Minnesota Housing Partnership

Organization Overview

Southwest Minnesota Housing Partnership is located in Slayton, MN. The organization was established in 1993. According to its NTEE Classification (L21) the organization is classified as: Low-Income & Subsidized Rental Housing, under the broad grouping of Housing & Shelter and related organizations. As of 12/2021, Southwest Minnesota Housing Partnership employed 32 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Southwest Minnesota Housing Partnership 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 12/2021, Southwest Minnesota Housing Partnership generated $10.7m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 3.3% each year. All expenses for the organization totaled $12.2m during the year ending 12/2021. While expenses have increased by 7.4% 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.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2021

Describe the Organization's Mission:

Part 3 - Line 1

PARTNERING WITH COMMUNITIES TO DEVELOP PLACES TO CALL HOME.

Describe the Organization's Program Activity:

Part 3 - Line 4a

MULTI-FAMILY DEVELOPMENT AND ASSET MANAGEMENT - SWMHP IS AN EXPERIENCED DEVELOPER AND MANAGER OF MULTIFAMILY PROPERTIES. SWMHP HAS DEVELOPED OVER 10,000 QUALITY, AFFORDABLE HOUSING UNITS (COMBINED WITH SINGLE FAMILY) AND OVERSEES 1,837 RENTAL UNITS IN 56 PROPERTIES LOCATED IN 31 COMMUNITIES. ASSET MANAGEMENT SERVICES ALSO COVER CAPITAL NEEDS ANALYSIS, REFINANCING FOR EXTENDED AFFORDABILITY OR RETENTION OF RENTAL SUBSIDIES, AND OTHER FINANCING REVIEW FOR PROPERTIES AND PORTFOLIOS.


HOUSING AND COMMERCIAL REHAB - SWMHP BRINGS CONSTRUCTION MANAGEMENT EXPERTISE TO OVERSEE REHAB AND REDEVELOPMENT PROJECTS BOTH RESIDENTIAL AND COMMERCIAL IN NATURE, INCLUDING EFFORTS FOCUSED ON SUCH GOALS AS: REMOVING HEALTH AND SAFETY HAZARDS, MEETING ACCESSIBILITY REQUIREMENTS, INCREASING ENERGY EFFICIENCY, AND INCREASING MARKETABILITY IN ORDER TO ENSURE QUALITY LIVING FOR THOSE WE WORK WITH. THE PARTNERSHIP WRITES FUNDING REQUESTS AND ADMINISTERS SEVERAL HOUSING REHABILITATION PROGRAMS IN THE REGION; INCLUDING SMALL CITIES DEVELOPMENT PROGRAM (SCDP), RENTAL REHABILITATION DEFERRED LOAN (RRDL), HOME FUNDS, FEDERAL HOME LOAN BANK (FHLB), FIXUP FUNDS, AND OTHER RESOURCES.


DEVELOPMENT - ASSISTED LOCAL UNITS OF GOVERNMENT AND NON-PROFIT DEVELOPERS TO IDENTIFY AND IMPACT HOUSING NEEDS. FUNDED FROM DEVELOPER FEES, FOUNDATION GRANTS AND THE MINNESOTA HOUSING FINANCE AGENCY. SERVED 280 UNITS AND 700 INDIVIDUALS.


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Outside Vendors & Contractors

Vendor Name (Service)Compensation
Apx Construction Group Llc
Construction
$317,880
Kue Contractors Inc
Multi-family Construction
$132,416
View All Vendors

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$0
Related organizations$0
Government grants $1,195,427
All other contributions, gifts, grants, and similar amounts not included above$1,750
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$1,197,177
Total Program Service Revenue$9,052,342
Investment income $348,273
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales $0
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $10,657,099

Grants Awarded

Over the last fiscal year, Southwest Minnesota Housing Partnership has awarded $0 in support to 6 organizations.

Grant RecipientAmount
View Grant Profile

Grants Recieved

Over the last fiscal year, we have identified 5 grants that Southwest Minnesota Housing Partnership has recieved totaling $96,185.

Awarding OrganizationAmount
The Housing Partnership Network Inc

Boston, MA

PURPOSE: HOUSING STABILIZATION (FORECLOSURE & EVICTION)

$32,897
The Housing Partnership Network Inc

Boston, MA

PURPOSE: HOUSING COUNSELING PROGRAM & ADMINISTRATION

$27,426
Local Initiatives Support Corporation

New York, NY

PURPOSE: SEE PART IV

$15,000
The Housing Partnership Network Inc

Boston, MA

PURPOSE: HOUSING STABILIZATION (RENTER STABILIZATION/EVICTION PREVENTION & HOMEOWNER ASSISTANCE/FORECLOSURE PREVENTION)

$13,362
United Way Of Nobles County

Worthington, MN

PURPOSE: GENERAL SUPPORT

$7,500
View Grant Recipient Profile

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