Chaska, MN

COMMUNITY ASSET FOUNDATION

EIN 27-0268016

Housing, Food & Basic Needs Affordable Housing & Tenant Rights

Mission

Develop, construct, and renovate community assets in partnership with local community operating entities.

IRS-recognized 501(c)(3) public charity Contributions are tax-deductible

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About COMMUNITY ASSET FOUNDATION

Community Asset Foundation is a Minnesota-based 501(c)(3) nonprofit headquartered in Chaska that develops, finances, and renovates community assets for use by local nonprofit and public operating partners. The organization pursues long-term financing and property ownership strategies that allow community operators (service agencies, local governments, and nonprofit providers) to occupy mission-aligned facilities. In recent years the Foundation has held and transacted community properties and worked in partnership with local agencies to preserve affordable rental units and community service space. Its most recent audited/Form 990 reporting shows multi-million-dollar program-service activity and a portfolio of real-estate assets used to support local service delivery and affordable housing options.

Notable achievements

Established community asset development model

Built a sustained model of acquiring, financing, and rehabilitating properties to hold and lease to community operating entities for program delivery.

Portfolio scale and recent program revenue

Reported program-service revenues in the multi‑million‑dollar range in its most recent fiscal filings and maintains a portfolio of real‑estate assets used for community purposes.

Local property transactions and partnerships

Has owned and managed community properties in Chaska used for ground‑floor community services and residential units, and engaged in transactions and rehab planning with local housing authorities and agencies.

At a glance

Total assets: $16.5M
Annual revenue: $6.7M
Tax status: 501(c)(3)Public charity
EIN: 27-0268016
Location: Chaska, MN
Website: communityassetfoundation.com
On Mahalo since: September 2026

Financial figures from the IRS Business Master File, the IRS’s registry of tax-exempt organizations.

Recognition

Recognized by the IRS as a tax‑exempt 501(c)(3) public charity.

Profiled in national nonprofit data services and Form 990 aggregators used by funders and local partners.

Documented local partnerships with community service agencies and housing authorities for property use and preservation of affordable units.

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