Southwest Minnesota Housing Partnership
Southwest Minnesota Housing Partnership reported $17.0 million in revenue and $16.0 million in expenses for calendar year 2024. Of every $100 it spent, $92.34 went to program services, $7.35 to management and general costs and $0.31 to fundraising. Its largest source of revenue was program service revenue such as fees, sales and contracts: 85.7% of the total. Government grants made up 10.0%. The highest compensation it reported for one person was $189,390 (CHIEF EXECUTIVE OFFICER). 5 people received more than $100,000 in reportable compensation. Revenue rose 72% between 2019 and 2024. Source: Form 990, 2024.
Where $100 of spending went
Calendar year 2024 · Form 990, Part IX, line 25 · total expenses $16MFor context, the median across 933 covered housing & shelter charities: $89.27 programs, $10.73 management, $0.00 fundraising (medians computed separately, so they may not sum to $100).
Where $100 of revenue came from
Calendar year 2024 · Form 990, Part VIII · total revenue $17MThe 990 scorecard · same measures for every charity, no grades
| Measure | 2024 | Median |
|---|---|---|
| Program services Part IX 25(B) ÷ 25(A) | 92.3% | 87.5% |
| Management & general Part IX 25(C) ÷ 25(A) | 7.3% | 10.5% |
| Fundraising Part IX 25(D) ÷ 25(A) | 0.3% | 0.0% |
| Fundraising cost per $1 of contributions Part IX 25(D) ÷ Part VIII 1h | $0.03 | $0.01 |
| Contributions & grants share of revenue Part VIII 1h ÷ 12 | 11.2% | 17.0% |
| Government grants share of revenue Part VIII 1e ÷ 12 | 10.0% | 1.0% |
| Program service revenue share Part VIII 2g ÷ 12 | 85.7% | 66.2% |
| Highest reported compensation Part VII-A, columns D–F | $189,390 | $300,863 |
| Highest compensation as share of expenses Part VII-A ÷ Part IX 25(A) | 1.18% | 1.57% |
| People paid over $100,000 Part VII, line 2 | 5 | 5 |
| Net assets, in months of expenses Part X 33(B) ÷ monthly expenses | 4.5 | 10.0 |
| Independent voting board members Part VI 1a–1b | 13 of 13 | 100.0% |
A median is context, not a target: hospitals, universities, food banks and grantmakers spend in very different ways. What these measures can and can't tell you.
What the money paid for, in its own words
2024 · Form 990, Part III · the three largest programs by expenseMulti-family development and asset management:swmhp is an experienced developer and manager of residential real estate, particularly multi-family affordable housing. Swmhp has developed, owns and provides asset management services for 2,074 rental units in 67 properties across 37 communities. Recognizing the idea that safe housing is a fundamental right, the development of these units includes setting aside and designating units for individuals and households with histories of homelessness, mental illness, and/or substance use disorder. Swmhp then works with local service providers to ensure…
Housing and commercial rehab:swmhp brings construction management expertise to oversee rehab and redevelopment projects, both residential and commercial in nature. These efforts focus on goals such as: removing health & safety hazards, meeting accessibility requirements, increasing energy efficiencies, increasing marketability to ensure quality living for those we work with. Swmhp writes funding requests and administers several housing rehabilitation programs in the region, including small cities development program (scdp), rental rehabilitation deferred loans (rrdl), federal home loan bank…
Community development and technical assistance:swmhp's menu of services includes both single family development and community development and technical support. There tends to be a great deal of connection between these programs. Swmhp helps local units of government, not-for-profit developers and other agencies identify and address housing needs within a community. These needs are done through methods such as needs assessments, surveys, and community engagement and feedback sessions. Swmhp can propose solutions including, but not limited to, technical assistance in grant writing or…
Highest reported compensation
2024 · Form 990, Part VII, Section A · roles as filed; names are in the filing, not here| Role | From this org | From related orgs | Other | Total |
|---|---|---|---|---|
| CHIEF EXECUTIVE OFFICER Officer, 40.00 hrs/week | $168,942 | $0 | $20,448 | $189,390 |
| CHIEF OPERATING OFFICER Highest compensated employee, 40.00 hrs/week | $126,113 | $0 | $27,383 | $153,496 |
| CHIEF FINANCIAL OFFICER Officer, 40.00 hrs/week | $119,629 | $0 | $11,800 | $131,429 |
| DIRECTOR OF CONSTRUCTION SERVICES Highest compensated employee, 40.00 hrs/week | $103,088 | $0 | $16,354 | $119,442 |
| ARCHITECT Highest compensated employee, 40.00 hrs/week | $100,033 | $0 | $5,270 | $105,303 |
5 people received more than $100,000 in reportable compensation from Southwest Minnesota Housing Partnership (Part VII, line 2). Compensation of current officers, directors and key employees totaled $321K (Part IX, line 5).
6 years of filings
Form 990, Parts I, VII, IX and X · each row is that year's own filing, linkedGovernance answers, as filed
2024 · the organization's own yes/no answers; explanations, if any, are in Schedule O of the filing · what each means- Voting board members, and how many are independent Part VI, lines 1a–1b13 · 13 independent
- Audited financial statements Part XII 2bYes
- Conflict-of-interest policy Part VI 12aYes
- Whistleblower policy Part VI 13Yes
- Document retention policy Part VI 14Yes
- Independent process for top executive pay Part VI 15aYes
- Board given the 990 before filing Part VI 11aYes
- Family or business ties among insiders Part VI 2No
- Aware of a significant diversion of assets Part VI 5No
- Excess benefit transaction with an insider Part IV 25aNo
- Loans to or from insiders outstanding Part IV 26No
- Lobbying, or a 501(h) election in effect Part IV 4No
- Over $15,000 of professional fundraising services Part IV 18No
- Over $10,000 of activity outside the U.S. Part IV 14bNo
- Employees Part I, line 535
- Volunteers Part I, line 660
Largest outside contractors
2024 · Form 990, Part VII, Section B · businesses only| WILCON CONSTRUCTION SERVICES Construction | $1,161,175 |
Individuals listed as contractors are left out. 2 contractors were paid more than $100,000 in all.
Private foundation grants it received
3 private foundations reported grants to Southwest Minnesota Housing Partnership totaling $116K on their tax year 2023 Form 990-PF returns. See which foundations, on WHOFUNDS.
Source: WHOFUNDS open grant graph, matched from Form 990-PF Part XV.
Correct a figure or respond
Every number above is copied from Southwest Minnesota Housing Partnership's own Form 990. If one doesn't match the filing, that's our error and we'll fix it. If you work for Southwest Minnesota Housing Partnership, you can publish a response that is linked from this page.
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Of every $100 Southwest Minnesota Housing Partnership spent in 2024, $92.34 went to programs. The full breakdown, from its IRS Form 990:
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Similar-sized charities in this cause
- Affordable Housing Development FundRockford, IL · revenue $17M · programs 66.9% · 2025
- Henry Phipps Plaza South HdfcNew York, NY · revenue $17M · programs 100.0% · FY2025
- San Antonio Alternative Housing CorpSan Antonio, TX · revenue $17M · programs 52.1% · 2025
- Wellspan PropertiesYork, PA · revenue $17M · programs 95.1% · FY2025
- Pensacola Habitat for HumanityPensacola, FL · revenue $17M · programs 76.7% · FY2025
All housing & shelter charities · Largest charities in Minnesota
Questions people ask
How much of Southwest Minnesota Housing Partnership's spending goes to programs?
In calendar year 2024, Southwest Minnesota Housing Partnership reported that 92.3% of its $16.0 million in expenses went to program services, 7.3% to management and general and 0.3% to fundraising (Form 990, Part IX).
How much does Southwest Minnesota Housing Partnership pay its top executive?
The largest total compensation Southwest Minnesota Housing Partnership reported for one person in calendar year 2024 was $189,390, for the role of CHIEF EXECUTIVE OFFICER (Form 990, Part VII, including compensation from related organizations and other compensation).
Where does Southwest Minnesota Housing Partnership get its money?
Of $17.0 million in revenue in calendar year 2024, 11.2% came from contributions and grants (including 10.0% from government grants) and 85.7% from program service revenue (Form 990, Part VIII).
Is Southwest Minnesota Housing Partnership a registered charity?
The IRS lists EIN 41-1721815 as a 501(c)(3) organization (publicly supported organization (170(b)(1)(a)(vi))), and its records show contributions as tax-deductible. Form 990 filings on record here cover tax years 2019, 2020, 2021, 2022, 2023, 2024. A filing shows what the organization reported; it doesn't by itself show whether a program works.
Sources
- 2024: Form 990 for calendar year 2024, object 202513189349302926 · read the filing · XML
- 2023: Form 990 for calendar year 2023, object 202403199349306855 · read the filing
- 2022: Form 990 for calendar year 2022, object 202313129349300016 · read the filing
- 2021: Form 990 for calendar year 2021, object 202213049349301646 · read the filing
- 2020: Form 990 for calendar year 2020, object 202123159349301897 · read the filing
- 2019: Form 990 for calendar year 2019, object 202023189349309207 · read the filing
All filings for EIN 41-1721815: ProPublica Nonprofit Explorer · IRS Tax Exempt Organization Search. Figures are as the organization reported them; we have not audited them.