OELWEIN SENIOR CITIZENS HOUSING CORPORATION

EIN: 237354589

INDEPENDENCE, IA

Total Revenue
$252,533
Total Expenses
$227,681
Total Assets
$743,112
Net Assets
$680,978
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Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year
1973
Legal Domicile
IA
Principal Officer
PAUL GRAY
Phone
3193347110
Tax Period
2024-01-01 to 2024-12-31

OELWEIN SENIOR CITIZENS HOUSING CORPORATION, founded in 1973, is a small nonprofit that reported $253K in total revenue in fiscal year 2024. Expenses of $228K left a modest 10% surplus.

Mission

HOUSING FOR ELDERLY RURAL RESIDENTS

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $251,385
Investment Income $1,148
Other Revenue $0
TOTAL REVENUE $252,533

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $217,335
Other Expenses $227,681
TOTAL EXPENSES $227,681

Year-over-Year Comparison

2024 2023 Change
Revenue $252,533 $239,433 +0.1%
Expenses $227,681 $228,177 0.0%
Net Income $24,852 $11,256 +1.2%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

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Governance

Voting Members
8
Independent Members
7
Employees
N/A
Volunteers
N/A

Governance Policies

Conflict of Interest Policy
Whistleblower Policy
Document Retention Policy

Special Practices & Reported Activities

Operated a School
Operated a Hospital
Provided First Class Travel
Reported Conflict of Interest
Reported Asset Diversion
Excess Benefit Transaction
Made Political Expenditures
Engaged in Lobbying
Operated Donor Advised Fund
Maintained Art Collections
Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
3
$6,000
Total Directors
8
$6,000
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
WALLACE RUNDLE VICE PRESIDE 4.00
Officer Director
$6,000 $0 $6,000
PAUL GRAY PRESIDENT 0.10
Officer Director
$0 $0 $0
STEVE HOLLAND DIRECTOR 0.10
Director
$0 $0 $0
JAMES KULLMER DIRECTOR 0.10
Director
$0 $0 $0
JANICE MINTON DIRECTOR 0.10
Director
$0 $0 $0
JIM MUELLER DIRECTOR 0.10
Director
$0 $0 $0
BARBARA RUNDLE SECRETARY/TR 0.10
Officer Director
$0 $0 $0
SARAH SCHEEL DIRECTOR 0.10
Director
$0 $0 $0
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2024 $252,533 $227,681 $743,112 $24,852
2023 $239,433 $228,177 $722,814 $11,256
2022 $243,812 $211,518 $727,380 $32,294
2021 $245,057 $208,318 $718,028 $36,739
2020 $243,716 $205,895 $697,875 $37,821
2019 $256,267 $225,239 $676,116 $31,028
2018 $231,524 $210,335 $660,789 $21,189
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