Skip to content
Nonprofiteer
← MINNESOTA ASSISTANCE COUNCIL FOR VETERANS

Form 990 for tax year 2023

Filed by MINNESOTA ASSISTANCE COUNCIL FOR VETERANS.

Totals

Total revenue
$26,731,640
Total expenses
$19,705,084
Contributions and grants received
$25,423,872
Grants paid
$0
Program service revenue
$723,131
Investment income
$51,558
Other revenue
$533,079
Total assets, end of year
$32,423,809
Total liabilities, end of year
$8,326,627
Net assets or fund balances, end of year
$24,097,182
Program services expenses (Part IX)
$16,900,050
Management and general expenses
$1,964,852
Fundraising expenses
$840,182
Program service expenses (Part III)
$16,900,050

Program services were 85.8% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 1c · Fundraising events

    $47,838

  • 1e · Government grants (contributions)

    $19,993,879

  • 1f · All other contributions, gifts and grants

    $5,382,155

  • 1g · Noncash contributions included above

    $160,807

  • 2a · Program service revenue: RENTAL INCOME

    total $723,131 · related or exempt $723,131

  • 3 · Investment income

    total $98,088 · excluded $98,088

  • 7a · Gross sales of assets other than inventory

    securities $742,802

  • 7b · Less cost or other basis and sales expenses

    securities $766,558 · other assets $22,774

  • 7c · Gain or loss

    securities -$23,756 · other assets -$22,774

  • 7d · Net gain or loss

    total -$46,530 · excluded -$46,530

  • 8a · Fundraising events: gross income

    $0

  • 8a · Fundraising events: contributions included on line 1c

    $47,838

  • 8b · Fundraising events: direct expenses

    $16,974

  • 8c · Net income from fundraising events

    total -$16,974 · excluded -$16,974

  • 11a · Other revenue: FORGIVENESS OF LONG TERM DEBT

    total $391,600 · excluded $391,600

  • 11b · Other revenue: MISCELLANEOUS

    total $158,453 · excluded $158,453

  • 11e · Other revenue, total

    $550,053

Functional expenses

Part IX, the statement of functional expenses.

  • 5 · Compensation of officers, directors and key employees

    total $407,028 · management and general $296,606 · fundraising $110,422

  • 7 · Other salaries and wages

    total $6,526,298 · program services $5,609,778 · management and general $567,795 · fundraising $348,725

  • 8 · Pension plan contributions

    total $261,579 · program services $225,130 · management and general $22,545 · fundraising $13,904

  • 9 · Other employee benefits

    total $912,312 · program services $746,672 · management and general $106,364 · fundraising $59,276

  • 10 · Payroll taxes

    total $538,964 · program services $437,540 · management and general $66,035 · fundraising $35,389

  • 11b · Fees: legal

    total $14,645 · management and general $14,645

  • 11c · Fees: accounting

    total $64,453 · management and general $64,453

  • 11f · Fees: investment management

    total $23,062 · management and general $23,062

  • 11g · Fees: other

    total $396,426 · program services $325,758 · management and general $68,191 · fundraising $2,477

  • 12 · Advertising and promotion

    total $141,862 · program services $11,922 · management and general $7,432 · fundraising $122,508

  • 13 · Office expenses

    total $1,066,499 · program services $680,188 · management and general $341,443 · fundraising $44,868

  • 14 · Information technology

    total $165,699 · program services $129,219 · management and general $30,177 · fundraising $6,303

  • 16 · Occupancy

    total $1,028,912 · program services $1,026,963 · management and general $1,821 · fundraising $128

  • 17 · Travel

    total $217,474 · program services $173,248 · management and general $39,522 · fundraising $4,704

  • 20 · Interest

    total $129,133 · program services $129,133

  • 22 · Depreciation, depletion and amortization

    total $693,905 · program services $661,415 · management and general $32,490

  • 23 · Insurance

    total $156,023 · program services $5,400 · management and general $150,623

  • 24a · Other expenses: DIRECT ASSISTANCE

    total $6,376,389 · program services $6,375,106 · management and general $1,269 · fundraising $14

  • 24b · Other expenses: MISC. EXPENSES

    total $309,394 · program services $265,934 · management and general $40,235 · fundraising $3,225

  • 24c · Other expenses: PROFESSIONAL DEVELOPMEN

    total $133,095 · program services $76,009 · management and general $48,812 · fundraising $8,274

  • 24d · Other expenses: EVENT EXPENSES

    total $102,160 · program services $11,061 · management and general $39,005 · fundraising $52,094

  • 24e · All other expenses

    total $39,772 · program services $9,574 · management and general $2,327 · fundraising $27,871

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $282,479 · end of year $281,640

  • 2 · Savings and temporary cash investments

    beginning of year $2,559,058 · end of year $5,524,148

  • 3 · Pledges and grants receivable

    beginning of year $2,764,137 · end of year $2,013,636

  • 4 · Accounts receivable

    beginning of year $72,187 · end of year $80,067

  • 9 · Prepaid expenses and deferred charges

    beginning of year $125,645 · end of year $251,594

  • 10a · Land, buildings and equipment: cost or other basis

    $25,234,164

  • 10b · Land, buildings and equipment: accumulated depreciation

    $3,737,406

  • 10c · Land, buildings and equipment, net

    beginning of year $14,413,833 · end of year $21,496,758

  • 11 · Investments: publicly traded securities

    beginning of year $2,447,419 · end of year $2,737,630

  • 15 · Other assets

    beginning of year $22,473 · end of year $38,336

  • 17 · Accounts payable and accrued expenses

    beginning of year $1,456,096 · end of year $1,466,889

  • 19 · Deferred revenue

    end of year $1,965,844

  • 23 · Secured mortgages and notes payable

    beginning of year $2,690,137 · end of year $3,249,179

  • 25 · Other liabilities

    beginning of year $1,671,976 · end of year $1,644,715

  • 27 · Net assets without donor restrictions

    beginning of year $12,588,994 · end of year $19,287,835

  • 28 · Net assets with donor restrictions

    beginning of year $4,280,028 · end of year $4,809,347

Mission and programs · 2023

Mission

MINNESOTA ASSISTANCE COUNCIL FOR VETERANS (MACV) IS DEDICATED TO A MISSION TO END VETERAN HOMELESSNESS IN MINNESOTA. MACV PROVIDES SERVICES TO VETERANS WHO ARE HOMELESS OR AT RISK OF HOMELESSNESS THROUGHOUT MINNESOTA IN AREAS OF HOUSING, EMPLOYMENT, LEGAL SERVICES, AND MORE TO CONNECT THOSE WE SERVE WITH SERVICES NEEDED FOR LONG-TERM STABILITY.

Activities or mission (Part I)

ENDING VETERAN HOMELESSNESS IN MINNESOTA

  • MACV PROVIDED COMPREHENSIVE SERVICES TO 2,654 VETERANS AND THEIR FAMILIES ACROSS MINNESOTA WHO WERE HOMELESS OR AT RISK OF HOMELESSNESS IN 2023. THESE SERVICES ARE FOCUSED IN PROGRAM AREAS OF HOUSING, EMPLOYMENT, AND LEGAL SERVICES AIMED TO HELP THOSE WE SERVE ACHIEVE LONG-TERM HOUSING STABILITY.HOUSING:MACV PROVIDES CASE MANAGEMENT AND DIRECT FINANCIAL ASSISTANCE SERVICES FOR VETERANS THROUGHOUT MINNESOTA. MACV OWNS AND OPERATES OVER 200 UNITS OF TRANSITIONAL AND PERMANENT SUPPORTIVE HOUSING THROUGHOUT MINNESOTA. DURING 2023, MACV AQUIRED NEW MULTI-FAMILY HOUSING PROPERTIES WITH STATE OF MINNESOTA AND PHILANTHROPIC SUPPORT. MACV DEVELOPED TWO NEW GOVERNMENT-FUNDED HOUSING SUBSIDY PROGRAMS TO SUPPORT LONG-TERM HOUSING AFFORDABILITY AND SERVICES NEEDS. ADDITIONAL SERVICES ARE FOCUSED ON LANDLORD ENGAGEMENT, JUSTICE-INVOLVED VETERAN SERVICES, AND HEALTHCARE NAVIGATION TO SUPPORT VETERANS WITH SPECIFIC NEEDS AND BARRIERS IN ACHEIVING HOUSING STABILITY.

    Expenses $14,971,832 · Revenue $723,131

  • OUTREACH: MACV TOOK STEPS TO FURTHER ESTABLISH SEVERAL SPECIALIZED SERVICES AND PROGRAMS DURING 2023 TO ADVANCE OUR EFFORTS TO MEET NEEDS OF VETERANS THAT ARE FOUNDATION TO LONG-TERM HOUSING STABILITY. SPECIFIC PROGRAMS INCLUDE HEALTHCARE NAVIGATION, JUSTICE INVOLVED VETERAN SERVICES, LANDLORD ENGAGEMENT, AND STREET AND SHELTER OUTREACH.

    Expenses $790,751

  • EMPLOYMENT: MACV OPERATES A STATEWIDE EMPLOYMENT PROGRAM AIMED AT SUPPORTING VETERANS IN FINDING MEANINGFUL EMPLOYMENT OPPORTUNITIES AND VOCATION-SPECIFIC TRAINING THAT SUPPORT THEIR LONG-TERM HOUSING STABILITY.

    Expenses $693,130

  • LEGAL: MACV DELIVERS LEGAL SERVICES TO VETERANS WHO ARE HOMELESS OR AT RISK OF HOMELESSNESS THROUGH ITS VETLAW PROGRAM FOCUSED ON SUPPORTING OVERCOMING LEGAL BARRIERS TO HOUSING STABILITY. MACV ATTORNEYS AND VOLUNTEER LAWYERS PROVIDED ADVICE AND COUNSEL DIRECTLY TO 958 VETERANS SEEKING ASSISTANCE WITH OVER 1,067 LEGAL MATTERS IN 2023.

    Expenses $444,337

As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Shauna Bednar

    TREASURER

    Total calculated
    $0
    Hours/week
    1

  • Arthur Cofield

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Charles Dolson

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Jessica Atherton

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Kristine Lord-Krahn

    VICE-CHAIR

    Total calculated
    $0
    Hours/week
    1

  • Trista Matascastillo

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Angela Steward-Randle

    SECRETARY

    Total calculated
    $0
    Hours/week
    1

  • Ryan Hanson

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Walter Novillo

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Trista Martinson

    CHAIR

    Total calculated
    $0
    Hours/week
    1

  • Chis Church

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Christopher Hvinden

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Michael Bassett

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Neal Loidolt

    CEO

    Total calculated
    $246,842
    From this org
    $237,120
    From related orgs
    $0
    Other
    $9,722
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $207,405
    Bonus
    $29,715
    Other
    $0
    Deferred
    $9,722
    Nontaxable benefits
    $0
    Filer's total
    $246,842

  • Brian Peterson

    CFO

    Total calculated
    $160,188
    From this org
    $146,730
    From related orgs
    $0
    Other
    $13,458
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $140,055
    Bonus
    $6,675
    Other
    $0
    Deferred
    $6,016
    Nontaxable benefits
    $7,442
    Filer's total
    $160,188

  • Steve Schemenauer

    FORMER CHAIR

    Total calculated
    $0
    Hours/week
    1

  • Jon Lovald

    COO

    Total calculated
    $155,277
    From this org
    $149,161
    From related orgs
    $0
    Other
    $6,116
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $142,486
    Bonus
    $6,675
    Other
    $0
    Deferred
    $6,116
    Nontaxable benefits
    $0
    Filer's total
    $155,277

  • Nathaniel Saltz

    CHIEF PROGRAM OFFICER

    Total calculated
    $148,302
    From this org
    $124,687
    From related orgs
    $0
    Other
    $23,615
    Hours/week
    40

  • Sarah Riegle

    VP OF PROPERTY OPERATIONS

    Total calculated
    $143,736
    From this org
    $114,482
    From related orgs
    $0
    Other
    $29,254
    Hours/week
    40

  • Sean Riffe

    DEVELOPMENT DIRECTOR

    Total calculated
    $114,323
    From this org
    $109,820
    From related orgs
    $0
    Other
    $4,503
    Hours/week
    40

  • Kurt Johnson

    REGIONAL DIRECTOR

    Total calculated
    $106,504
    From this org
    $102,309
    From related orgs
    $0
    Other
    $4,195
    Hours/week
    40

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

  • 3 · Compensation survey or study
  • 3 · Approval by the board or compensation committee

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement
  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

No itemized grants to organizations on this return.

Provenance

Return type
form_990
Tax year
2023
Filed
7 November 2024
IRS schema version
2023v5.1
Source object
202443139349301459

Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.

The source document this was parsed from is served over the API, which is where bulk and document access live.