Minnesota Housing Partnership
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2020 | 1,945,503 | 2,567,808 | −622,305 | 8.9 | 55% |
| 2021 | 3,031,294 | 2,495,674 | 535,620 | 11.7 | 58% |
| 2022 | 2,401,116 | 2,629,052 | −227,936 | 10.1 | 56% |
| 2023 | 3,135,018 | 3,339,506 | −204,488 | 7.2 | 51% |
In its most recent public year (2023), this organization spent $204,488 more than it brought in. Its reserves stood at about 7.2 months of spending, down from 8.9 in 2020. Staff pay was 51% of spending. $781,309 of its net assets are donor-restricted.
Reserve months = net assets ÷ average monthly spending; net assets count everything the organization owns beyond its debts — buildings and donor-restricted funds included, not just cash. Staff pay = salaries, wages, and officer compensation; it excludes benefits and payroll taxes. The IRS releases this data years after the fact — this organization's newest public year is 2023. Years refer to the calendar year in which the organization's fiscal year ended. Short-form filers do not publicly report donor-restricted balances or staffing costs. Source filings
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