Overview
What is Southwest Minnesota Housing Partnership?
Southwest Minnesota Housing Partnership (SWMHP) is a dedicated nonprofit organization based in Slayton, Minnesota. With extensive experience in multi-family housing development and asset management, SWMHP has brought to life over 10,000 housing units and currently oversees 2,050 rental units across 67 properties in 30 communities. Their mission is to collaborate with local areas in creating homes for people, providing essential services like capital needs analysis, refinancing for extended affordability, and financing reviews for properties and portfolios. SWMHP's workforce, consisting of 32 employees, is committed to contributing to the housing landscape in Southwest Minnesota.
Official website here: www.swmhp.org
Is Southwest Minnesota Housing Partnership legitimate?
Southwest Minnesota Housing Partnership is a legitimate nonprofit organization registered as a 501(c)(3) entity. Southwest Minnesota Housing Partnership submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Here are some key statistics you may want to consider:
Executive Compensation: $185,975
Professional Fundraising Fees: $0
Other Salaries and Wages: $1,704,246
For more financial information, click here
Official website here: www.swmhp.org
What is the mission statement of Southwest Minnesota Housing Partnership?
The Southwest Minnesota Housing Partnership (SWMHP) works in collaboration with communities to create homes for people. Their mission is geared towards the development of affordable housing units. As an experienced developer and manager of residential real estate, SWMHP has brought to fruition over 10,000 housing units and manages 2,050 rental units in 67 properties. Their asset management services include analyzing capital needs, securing extended affordability or retention of rental subsidies through refinancing, and reviewing financing for properties and portfolios.
Official website here: www.swmhp.org
Who is the CEO of Southwest Minnesota Housing Partnership?
Chad Adams is the Chair of Southwest Minnesota Housing Partnership. The CEO's salary of Southwest Minnesota Housing Partnership is $161,434 and their total compensation is $184,750.
Official website here: www.swmhp.org
What is the revenue of Southwest Minnesota Housing Partnership?
Southwest Minnesota Housing Partnership's revenue in 2022 was $12,931,665.
Official website here: www.swmhp.org
Who are the executives of Southwest Minnesota Housing Partnership and what are their salaries?
The average compensation at Southwest Minnesota Housing Partnership during 2022 was $59,069. There are 32 employees and 50 volunteers at Southwest Minnesota Housing Partnership.
Here are 15 key members and their salaries (Southwest Minnesota Housing Partnership's CEO's salary is $161,434 and their total compensation is $184,750):
- Chad Adams (Chief Executive Officer)
- Kristie Blankenship (Chief Operating Officer)
- Emily Bucher (Chief Financial Officer)
- David Thompson (Director)
- Margo Druschel (Secretary-Treasurer) [Trustee/Director]
- Larry Anderson (Director)
- Tara Onken (Chair) [Trustee/Director]
- April Chouinard (Director)
- Dawn Hegland (Vice-Chair) [Trustee/Director]
- Scott Marquardt (Past Chair) [Trustee/Director]
- Liz Danielson (Director)
- Matthew Ust (Director)
- Gabrielle Bruning (Director)
- Ahmedfowzi Ismail (Director)
- Sheila Murphy (Director)
Official website here: www.swmhp.org
Where can I find the form 990 for Southwest Minnesota Housing Partnership?
The Southwest Minnesota Housing Partnership’s most recent form 990 was submitted in 2022 and can be accessed here
Official website here: www.swmhp.org
Learn more at the official website: www.swmhp.org
Mission Statement of Southwest Minnesota Housing Partnership
Southwest Minnesota Housing Partnership (SWMHP), a seasoned developer and manager of residential real estate, is dedicated to collaborating with communities to create homes for people. With a primary focus on multi-family affordable housing, SWMHP has brought to fruition over 10,000 housing units and currently manages 2,050 rental units spread across 67 properties in various communities.
In their mission to provide places for people to call home, SWMHP offers comprehensive asset management services. These services encompass capital needs analysis, refinancing to secure extended affordability or rental subsidies, and financing reviews for properties and portfolios. By implementing these strategies, SWMHP ensures the viability and affordability of their housing developments, ultimately contributing to stable and thriving communities.
Impact
This information is meant to be a general summary of Southwest Minnesota Housing Partnership. Please take the time to review official sources before making any decisions based upon the content provided here.
Thursday, August 15, 2024
Southwest Minnesota Housing Partnership makes a significant impact by partnering with communities to develop places for people to call home. With a primary focus on multi-family affordable housing, Southwest Minnesota Housing Partnership has developed over 10,000 housing units and oversees 2,050 rental units in 67 properties located in 30 communities. Additionally, they provide asset management services including capital needs analysis, refinancing for extended affordability, and other financing review for properties and portfolios. Their work directly contributes to addressing the critical need for affordable housing in the region, providing stable and secure housing options for individuals and families.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Assets and Liabilities:
Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RENTAL INCOME
Revenue
$9,604,193
FEES FOR SERVICE
Revenue
$1,040,819
ASSETS HELD FOR SALE
Revenue
$462,609
ACTIVITY IN LP'S
Revenue
$194,837
Organization Details
Founding Year
1992
Phone
(507) 836-8547
Principal Officer
Chad Adams
Main Address
2401 BROADWAY AVENUE, SLAYTON, MN, 561721142
Website
www.swmhp.org
NTEE Category
Code: L210 - Housing
If you are a representative of Southwest Minnesota Housing Partnership and wish to learn more about how Give Freely can help you raise funds, please click here: https://givefreely.com/nonprofits/. Our services are offered at no cost to your organization.