This report tracks a Minnesota nonprofit housing development organization that experienced phenomenal growth and had remarkable impact in its early years, but faced many daunting mid-life challenges and eventually experienced a gradual but persistent decline in its capacity and ability to remain solvent and fulfill its mission.
This dynamic organization underwent a painful but exemplary workout process that involved the organization’s key leaders, its funders, and numerous community stakeholders. The final result was an orderly transfer of its assets to a more financially sound nonprofit housing organization and continued mission impact on the lives of hundreds of vulnerable women and children.
