Minnesota · Nonprofit
SOUTHWEST MINNESOTA HOUSING PARTNERSHIP
SOUTHWEST MINNESOTA HOUSING PARTNERSHIP (Minnesota) receives grants from 15 organizations whose IRS filings report $5,283,799 to it, the largest being NEIGHBORHOOD REINVESTMENT CORPORATION ($4,270,223). 10 of them have funded it in more than one year.
- Revenue FY2024
- $17M
- Funders on record
- 15
- Grants received
- $5.3M
- Net assets
- $6.0M
What Southwest Minnesota Housing Partnership does
Mission
To partner with communities to develop places for people to call home so that people in southwest and south-central minnesota have access to dignified affordable housing, and thriving, inclusive and equitable communities.
As stated on its FY2024 Form 990.
Programs
Multi-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 68 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 that once these households are housed, they can then access the support services they need to be successful in maintaining housing. 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.
$13,211,339 spent$12,034,728 earned by the program91% of program spendingHousing 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 (fhlb), fix-up funds and other resources.
$228,375 spentof which $67,912 as grants$103,522 earned by the program2% of program spendingDevelopment: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 supporting applications, financial review of cost feasibility of how a project could be done, researching various funding streams that could fit, as well as initial design work to bring needs to life in a way stakeholders could envision. These services are primarily funded by developer fees, foundation grants and the minnesota housing finance agency.
$384,625 spent$722,104 earned by the program3% of program spendingCounseling & supportive services:swmhp provides education and counseling services to those preparing for homeownership, as well as those in rental situations depending on their needs. Homeownership counseling services address credit concerns, educate on household maintenance and upkeep, and help identify financing sources. These counseling services also include foreclosure counseling and advocacy, as well as eviction prevention counseling and advocacy. Swmhp also serves as a supportive services provider for eligible residents of three properties in swmhp's portfolio and two properties in another developer/owner's portfolio. Supportive services include creating individualized household plans with goals designed to address resident's obstacles and barriers to housing. These plans address securing employment, meeting basic needs, education on tenant rights and responsibilities, conflict management with landlords and neighbors, and referrals to appropriate therapies and programs available in the community. Swmhp provides supportive services to approximately 120 individuals in 50 units.
$631,659 spentof which $33,770 as grants$305,586 earned by the program4% of program spending
The 4 programs described on its FY2023 Form 990, listed largest first by expense. Program spending in total: $14,455,998.
The organization over time
Each line starts at 100 in 2017, so what you read is the shape rather than the size: 150 means half as much again as 2017, 50 means half. The number beside each label in the key is where it ended. The shaded band is where the middle 50% of its peers' revenue would sit, given their growth.
Balance sheet
Total assets and total liabilities at each year end, in dollars. The largest one-year move in total assets was 2017 to 2018, from $43M to $54M (+25%).
How it's funded, over time
Each bar is one year's revenue split into where it came from, and every bar is the same height — these are shares, not amounts, so a year that raised twice as much looks the same size. Hover a bar for the split.
Government-grant reliance: 2017 22% · 2018 11% · 2019 10% · 2020 11% · 2021 11% · 2022 6% · 2023 6% · 2024 10%. Grants only. Government contracts and fees sit inside program revenue.
11% of SOUTHWEST MINNESOTA HOUSING PARTNERSHIP’s revenue is contributions — about as donation-reliant as the typical peer (13% for the typical peer).
Surplus & reserves
Operating surplus or deficit each year, and months of liquidity in hand. 6 of the last 8 reported years ran a deficit.
reserve
Leadership and staff
The officers, directors, trustees and key employees listed on each return. Joined and no longer listed compare each filing with the year before, matching people by surname and first initial; a year after a gap, or a roster under three people, has no comparison.
Chief executive
Chad Adams
Chief executive officer
As listed on its FY2024 Form 990.
The chief executive listed changed between the FY2018 and FY2019 filings.
Who funds it, year by year
2017 → 2023: the base narrowed from 6 funders to 3 funders, grant income fell $683k → $610k.
2 of 15 of your funders are donor-advised or pass-through sponsors (tagged DAF) — 1% of grant dollars received. That money is really individual donors directing a sponsor; the institutions to cultivate are the non-DAF funders.
From the IRS filings of SOUTHWEST MINNESOTA HOUSING PARTNERSHIP’s funders (the co-funder graph). Association, not causation. Trends are read to FY2023, the last fiscal year that has finished arriving. FY2024–FY2026 are still being filed and are shown unshaded; they do not move any figure on this page.
How concentrated its funding is
SOUTHWEST MINNESOTA HOUSING PARTNERSHIP leans on a few funders — its largest provides 81% of grant income and the top three 90%; half comes from just 1 funder.
the vertical line marks half of all grant income — 1 funder to its left
95% of the income these shares are computed over arrives through pass-through sponsors or from payers whose filings do not say what kind of payment it is. Concentration is still measured over all of it, because the money is real; what it does not support is a claim about how many institutions have chosen to fund SOUTHWEST MINNESOTA HOUSING PARTNERSHIP.
Largest funder’s share by year: 2017 82% · 2018 84% · 2019 79% · 2020 88% · 2021 82% · 2022 75% · 2023 81% — broadly stable.
“Effective funders” = inverse Herfindahl index (1 / Σ shareᵢ²) — the number of equal-sized funders that would give the same concentration. Trends are read to FY2023, the last fiscal year that has finished arriving. FY2024–FY2026 are still being filed and are shown unshaded; they do not move any figure on this page.
How long its funders stay
44% of SOUTHWEST MINNESOTA HOUSING PARTNERSHIP's funders are still giving 3 years after their first grant; 67% give in more than one year at all.
Share of funders still giving k years after their first recorded grant, pooled across every acquisition cohort. A funder counts as retained in a year only if it made a grant that year. Measured to FY2023, the last fiscal year that has finished arriving — a funder cannot be counted as lapsed in a year most filers have not reached.
Where its funders are
SOUTHWEST MINNESOTA HOUSING PARTNERSHIP draws 93% of its grant income from funders outside Minnesota, across 6 states in all.
In-state vs out-of-state, by year
Funder states come from each funder’s own filing. $78k arriving through sponsors registered in 1 state is excluded from the map and the split above: a sponsor holds money on a donor’s behalf, so its registered address would place those dollars somewhere no donor need ever have been. Trends are read to FY2023, the last fiscal year that has finished arriving. FY2024–FY2026 are still being filed and are shown unshaded; they do not move any figure on this page.
Against its field
SOUTHWEST MINNESOTA HOUSING PARTNERSHIP holds deeper cash reserves than three-quarters of the 817 housing & shelter nonprofits its size.
this organization peer median middle 50% of peers· 817 housing & shelter nonprofits $10M–$100M, FY2024
Government funding SOUTHWEST MINNESOTA HOUSING PARTNERSHIP receives
Grants and contracts to this organization from federal (USASpending) and state checkbooks, reconciled to its EIN. $526k on record.
- Department of Housing and Urban Development$429k
- Department of Agriculture$97k
Federal grants vs contracts are distinguished; state line items keep their reported category. Matched by name + geography (the BMF), so coverage is partial and precision-first.
Organizations like SOUTHWEST MINNESOTA HOUSING PARTNERSHIP
Organizations whose mission and program text most resemble this one, by semantic similarity over every organization in the US filings — the closest peers, and often the clearest route to shared or prospective funders.
In Minnesota
Nationally
Read directly from this organization’s own Form 990, as neutral context.
Where the money goes
92% of spending goes to programs.
Governance
Public support
65%
Share of support from the public (Schedule A) — the basis for its public-charity status.
Footprint & structure
Files a return copy in 1 state
Part of a family of 57 related entities
- Buffwood LLC · disregarded
- Chokio Housing Investors LLC · disregarded
- D & G Apartments II LLP · disregarded
- D & G Apartments LLP · disregarded
- Luverne Family Housing LP · disregarded
Screen this organization
A dated, signed PDF of the compliance screen for SOUTHWEST MINNESOTA HOUSING PARTNERSHIP: IRS status (Business Master File, Publication 78, auto-revocation), the OFAC sanctions lists, the Internal Revenue Bulletin, and California registration, with the Rev. Proc. 2018-32 §8.01 reliance elements stated element by element. Generated from the current files at the moment you download it.
Screens are triage, not determinations; a source that cannot be read reports not screened, never clear. Screen this nonprofit · How the screen works · on the API as GET /api/screening/{ein}?format=pdf
Questions and answers
- Who funds SOUTHWEST MINNESOTA HOUSING PARTNERSHIP?
- SOUTHWEST MINNESOTA HOUSING PARTNERSHIP (Minnesota) receives grants from 15 organizations whose IRS filings report $5,283,799 to it, the largest being NEIGHBORHOOD REINVESTMENT CORPORATION ($4,270,223). 10 of them have funded it in more than one year.
- How many funders does SOUTHWEST MINNESOTA HOUSING PARTNERSHIP have?
- IRS filings report 15 organizations giving $5,283,799 in grants to SOUTHWEST MINNESOTA HOUSING PARTNERSHIP, 10 of which have funded it in more than one year.
- Who is the largest funder of SOUTHWEST MINNESOTA HOUSING PARTNERSHIP?
- NEIGHBORHOOD REINVESTMENT CORPORATION is the largest funder on record, with $4,270,223 in grants. The full list of funders is on this page.
- How can an organization like SOUTHWEST MINNESOTA HOUSING PARTNERSHIP find more funders?
- Start with the funders already giving here, then look at the foundations that back similar organizations in Minnesota. The funding by cause and by state pages list the largest funders for a given area and how to approach them.
Play a game about who funds Southwest Minnesota Housing Partnership →
These figures are read directly from IRS Form 990 / 990-PF e-file XML: this organization’s own return for FY2024 (financials across 2017–2024), and the filings of 15 funders that report grants to it. “On record” means captured in the filings we have parsed — a funder that does not e-file, or whose grant detail is not itemized, will not appear. Filings run roughly 12–24 months behind. Trends on this page end at FY2023, the last fiscal year that has finished arriving; later years are shown and marked, and move no figure. Data on this page was exported October 14, 2026. What this page cannot tell you · view filing