Southwest Minnesota Housing Partnership
Public records show a registered, tax-exempt organization in good standing.
What it says it does
SEE SCHEDULE O.
- Income
- $17.0 million
- Spending
- $16.0 million
- Spent on programs
- 92%
- Reserves
- -28.6 months of spending
- Largest source of income
- fees for its services, 86%
- Employees
- 35
- Volunteers
- 60
- Highest pay
- $189,390, chief executive officer
Source: Form 990 for the year ending December 31, 2024, filed with the Internal Revenue Service. Rating method 2026.2. How we rate
Financial health
Weak: 47 out of 100. Higher than 37% of charities in its peer group (housing, $10m to $100m).
Reserves
0 of 35Spendable reserves are negative: it owes or has committed more than it holds.
Debt
2 of 20It owes 92% of what it owns.
Living within its means
15 of 15Income exceeded spending by 6% of income.
Income trend
15 of 15Income rose 16% on the year before.
Spending floor
15 of 1592% of spending went to programs and raising each dollar of donations cost 3 cents.
Source: Form 990 for the year ending December 31, 2024, filed with the Internal Revenue Service. Rating method 2026.2. How we rate
Governance
Strong: 100 out of 100. Higher than 44% of charities in its peer group (housing, $10m to $100m).
Independent board
25 of 2513 of 13 voting board members are independent.
Conflict of interest policy
15 of 15Has a written conflict of interest policy.
Whistleblower policy
8 of 8Has a written whistleblower policy.
Record keeping policy
7 of 7Has a written policy on keeping and destroying records.
Board minutes
5 of 5Keeps minutes of board meetings.
Board sees the tax return
10 of 10Gave the board a copy of this return before filing it.
Pay set independently
5 of 5Sets its chief executive's pay through independent review and comparison.
Independent check of accounts
15 of 15Its accounts were audited by an independent accountant.
No reported misuse
10 of 10Reports no diversion of assets, excess benefits or loans to insiders.
Source: Form 990 for the year ending December 31, 2024, filed with the Internal Revenue Service. Rating method 2026.2. How we rate
Impact evidence
Describes programs. Its tax return describes what it does but we have found no measurable results in it.
Programs described in its return (4)
- $13.4 million spent. 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 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 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.
- $314,648 spent. 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 (FHLB), FIX-UP FUNDS AND OTHER RESOURCES.
- $322,028 spent. 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 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.
- $792,278 spent. COUNSELING & 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 OVER 100 INDIVIDUALS.
Source: Form 990 for the year ending December 31, 2024, filed with the Internal Revenue Service. Rating method 2026.2. How we rate
Legitimacy checks
Is it registered with the IRS? Passed.
Listed in the IRS master file of tax-exempt organizations as a 501(c)(3) charitable organization.
Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated September 7, 2026.
Has the IRS revoked its tax-exempt status? Passed.
Not on the IRS automatic revocation list.
Source: Automatic revocation of exemption list, Internal Revenue Service, file dated September 30, 2026.
Are donations tax-deductible? Passed.
On the IRS list of organizations eligible to receive tax-deductible contributions.
Source: Publication 78 data: organizations eligible for tax-deductible contributions, Internal Revenue Service, file dated September 10, 2026.
Is it keeping up with its IRS filings? Passed.
Most recent return on file covers the year ending December 2024.
Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated September 7, 2026.
How long has it been tax-exempt? Passed.
Recognized by the IRS since March 1993.
Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated September 7, 2026.
Is it in good standing with state regulators? Passed.
Not on California's list of charities barred from soliciting. Other states are not yet checked.
Source: May Not Operate or Solicit for Charitable Purposes list, California Attorney General, Registry of Charities and Fundraisers, file dated October 7, 2026.
Ratings and checks are our reading of public records, using the published method. They are not a statement about anyone's honesty. If you work for this organization, you can send corrections or results, confirm you want gifts through Veridonate, or ask to be removed from giving.