FRASER INDEPENDENT LIVING PROJECT V HOPKINS COURT

EIN: 264312303 501(c)(3) Mental Health

RICHFIELD, MN

Total Revenue
$159,211
Total Expenses
$191,417
Total Assets
$1,847,284
Net Assets
$-516,651
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2009
Legal Domicile
MN
Principal Officer
DIANE S CROSS
Phone
6128611688
Tax Period
2024-01-01 to 2024-12-31

FRASER INDEPENDENT LIVING PROJECT V HOPKINS COURT, founded in 2009, is a small nonprofit in the Mental Health sector that reported $159K in total revenue in fiscal year 2024. Expenses of $191K exceeded revenue, resulting in a 20% operating deficit.

Mission

TO OPERATE AN APARTMENT COMPLEX FOR PERSONS WITH DEVELOPMENTAL DISABILITIES AND VERY LOW INCOME IN HOPKINS, MINNESOTA, AS HUD PROJECT NO. 092-HD072.

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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 $500
Program Service Revenue $155,862
Investment Income $2,455
Other Revenue $394
TOTAL REVENUE $159,211

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $149,561
Other Expenses $191,417
TOTAL EXPENSES $191,417

Year-over-Year Comparison

2024 2023 Change
Revenue $159,211 $150,155 +0.1%
Expenses $191,417 $198,084 0.0%
Net Income $-32,206 $-47,929 -0.3%
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

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Financial Distress Indicator

Liquidity & Cash Position

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Governance

Voting Members
6
Independent Members
5
Employees
N/A
Volunteers
5

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
9
$866,477
Total Directors
8
$565,767
Key Employees
0
$0
Highest Compensated
5
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
DIANE CROSS CEO/SECRETARY 0.10
Officer Director
$1,298 $24,357 $565,767
RICK FERRIS BOARD CHAIR 0.10
Officer Director
$0 $0 $0
RANDY PATTEE VICE CHAIR/TREASURER 0.10
Officer Director
$0 $0 $0
DR ARMANTINA ESPINOSA VICE CHAIR 0.10
Officer Director
$0 $0 $0
DR KRISHNAN SUBRAHMANIAN VICE CHAIR 0.10
Officer Director
$0 $0 $0
GRETCHEN CUDAK VICE CHAIR 0.10
Officer Director
$0 $0 $0
KEITH KLEIN FORMER BOARD CHAIR 0.10
Officer Director
$0 $0 $0
PETER ROBB FORMER VICE CHAIR/TREASURER 0.10
Officer Director
$0 $0 $0
JAMES OLSON CFO 0.10
Officer
$704 $7,359 $300,710
ELIF MCCAIN CHIEF ADMINISTRATIVE OFFICER 0.00
Highest
$0 $20,122 $210,968
KIMBERLY KLEIN DIRECTOR OF NEUROPSYCHOLOGY 0.00
Highest
$0 $10,469 $192,586
PATRICIA PULICE CHIEF CLINICAL OFFICER 0.00
Highest
$0 $4,523 $185,169
MATT CHIODO VP OF INFORMATION TECHNOLOGY 0.10
Highest
$376 $17,752 $174,883
NANCY BALDRICA CHIEF MARKETING & DEVELOPMENT OFFICER 0.10
Highest
$399 $3,017 $169,195
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 $159,211 $191,417 $1,847,284 $-32,206
2023 $150,155 $198,084 $1,885,488 $-47,929
2022 $145,523 $192,049 $1,923,755 $-46,526
2021 $143,824 $184,843 $1,961,119 $-41,019
2020 $135,458 $168,448 $1,996,171 $-32,990
2019 $132,381 $166,925 $2,032,309 $-34,544
2018 $125,163 $158,989 $2,058,189 $-33,826
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