EIN 41-1721815

Southwest Minnesota Housing Partnership (SWMHP)

IRS 501(c) type
501(c)(3)
Num. employees
32
City
Slayton
Year formed
1992
Most recent tax filings
2022-12-01
Description
Founded in 1992, the Southwest Minnesota Housing Partnership is a non-profit community development corporation serving thirty counties in rural Minnesota and portions of surrounding states.
Total revenues
$12,931,665
2022
Total expenses
$14,349,006
2022
Total assets
$66,592,294
2022
Num. employees
32
2022

Program areas at SWMHP

Multi-family development and asset management - Southwest Minnesota Housing Partnership (swmhp) is an experienced developer and manager of residential real estate, with a primary focus on multi-family affordable Housing. Swmhp has developed over 10,000 Housing units and oversees 2,050 rental units in 67 properties located in 30 communities. Asset management services also include capital needs analysis, refinancing for extended affordability or retention of rental subsidies, and other financing review for properties and portfolios.
Development - swmhp helps local units of government, non-profit developers, and other agencies identify and address Housing needs. These services are primarily funded from developer fees, foundation grants, and the Minnesota Housing finance agency. Served 610 units and 1,525 individuals.
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.
Counseling/services - swmhp offers counseling services to help people prepare for home ownership or rental options, depending on their needs. The services address credit concerns, educate on household maintenance and upkeep, and help identify financing sources. The Partnership also offers supportive services for eligible residents of two properties. Supportive services include personalized plans designed to help residents address obstacles that may otherwise prevent them from maintaining a stable home, securing employment, and meeting other basic needs. Served 80 units and 200 individuals.

Who funds Southwest Minnesota Housing Partnership (SWMHP)

Grants from foundations and other nonprofits
GrantmakerDescriptionAmount
NeighborWorks AmericaGeneral Support$557,000
Otto Bremer Trust (OBT)General Operations$90,000
Local Initiatives Support CorporationSee Part Iv$30,489
...and 4 more grants received

Personnel at SWMHP

NameTitleCompensation
Chad AdamsChief Executive Officer$161,434
Kristie BlankenshipChief Operating Officer$114,732
Emily BucherChief Financial Officer$104,550
Tara OnkenChair / Director$200
Margo DruschelSecretary - Treasurer / Director$275
...and 3 more key personnel

Financials for SWMHP

RevenuesFYE 12/2022
Total grants, contributions, etc.$1,202,990
Program services$11,302,458
Investment income and dividends$357,643
Tax-exempt bond proceeds$0
Royalty revenue$0
Net rental income$0
Net gain from sale of non-inventory assets$0
Net income from fundraising events$0
Net income from gaming activities$0
Net income from sales of inventory$0
Miscellaneous revenues$68,574
Total revenues$12,931,665

Form 990s for SWMHP

Fiscal year endingDate received by IRSFormPDF link
2022-122023-11-08990View PDF
2021-122022-10-31990View PDF
2020-122021-11-11990View PDF
2019-122021-04-05990View PDF
2018-122021-04-14990View PDF
...and 12 more Form 990s
Data update history
January 23, 2024
Posted financials
Added Form 990 for fiscal year 2022
January 23, 2024
Updated personnel
Identified 3 new personnel
January 2, 2024
Used new vendors
Identified 1 new vendor, including
January 2, 2024
Received grants
Identified 3 new grant, including a grant for $557,000 from NeighborWorks America
August 19, 2023
Received grants
Identified 4 new grant, including a grant for $28,750 from Housing Partnership Network (HPN)
Nonprofit Types
Housing and shelter organizationsHeadquarter / parent organizationsCharitiesCommunity Action Programs
Issues
Human servicesCommunity improvementHousing
Characteristics
State / local levelReceives government fundingTax deductible donations
General information
Address
2401 Broadway Ave
Slayton, MN 56172
County
Murray County, MN
Website URL
swmhp.org/ 
Phone
(507) 836-1608
Facebook page
SWMHP 
Twitter profile
@swmhp 
IRS details
EIN
41-1721815
Fiscal year end
December
Taxreturn type
Form 990
Year formed
1992
Eligible to receive tax-deductible contributions (Pub 78)
Yes
Categorization
NTEE code, primary
L21: Public Housing Facilities
NAICS code, primary
62422: Community Housing Services
Parent/child status
Central organization
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