Central Minnesota Housing Partnership Inc.
Central Minnesota Housing Partnership Inc.
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About this organization
Mission
To assist underserved communities to preserve, improve and increase affordable housing.
About
Affordable housing: CMHP asset manages 664 units of affordable housing. CMHP values its ownership and interest in rental properties and takes responsibility for the long-term health and welfare of all projects with which associated. Functions of asset management include monitoring programs, funders, and financing requirements to assure compliance and timely reporting; oversight of property management activities of the professional property managers, site visits, monthly financial reports, annual budget approval, capital improvement planning and tenant surveys. CMHP communicates on a regular basis with property managers, investors and funders. As CMHP continues to develop new or acquires and rehabs existing rental properties, it will continue to add affordable rental units to its asset management portfolio. In 2018, CMHP preserved Horizon Manor in Bertha and sold Turtle Ridge Townhomes in St. Frances.
Interesting data from their 2020 990 filing
The filing clearly states the mission of the non-profit as “Cmhp, inc is a non-profit regional community housing development corporation (chdo) commited to assisting underserved communities to preserve, improve and increase affodable housing for low and moderate income families and individuals.”.
When outlining its functions, they were explained as: “To assist underserved communities to preserve, improve and increase affordable housing.”.
- In compliance with legal regulations, the non-profit has reported their state of operation as MN.
- The filing records the non-profit's address for 2020 as 37 28TH AVENUE NORTH NO 102, ST CLOUD, MN, 56303.
- As of 2020, the non-profit's form reports a total of 58 employees.
- Is not a private foundation.
- Expenses are greater than $1,000,000.
- Revenue is greater than $1,000,000.
- Revenue less expenses is -$343,502.
- The organization has 13 independent voting members.
- The organization was formed in 1993.
- The organization pays $810,597 in salary, compensation, and benefits to its employees.
- The organization pays $20,362 in fundraising expenses.
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