MINNEAPOLIS, MN
4 risk indicators measuring financial stability and operational resilience
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Sign In — Free (10 views/day)PPL PROPERTIES, founded in 2010, is a community nonprofit in the Housing & Shelter sector that reported $6.7M in total revenue in fiscal year 2023. Revenue fell 36% from the prior year — a significant decline worth monitoring. Expenses of $12.2M exceeded revenue, resulting in a 83% operating deficit.
THE CORPORATION SHALL BE OPERATED EXCLUSIVELY FOR THE BENEFIT OF, TO PERFORM THE FUNCTIONS OF, OR TO CARRY OUT THE PURPOSES OF PROJECT FOR PRIDE IN LIVING, A MINNESOTA NONPROFIT ORGANIZATION.
PPL PROPERTIES OWNS MEMBERSHIP INTERESTS IN OVER 30 SINGLE-MEMBER LIMITED LIABILITY COMPANIES THAT HOLD AND MANAGE REAL ESTATE DEVOTED TO USE AS AFFORDABLE HOUSING FOR LOWER-INCOME INDIVIDUALS AND...
PPL PROPERTIES OWNS MEMBERSHIP INTERESTS IN OVER 30 SINGLE-MEMBER LIMITED LIABILITY COMPANIES THAT HOLD AND MANAGE REAL ESTATE DEVOTED TO USE AS AFFORDABLE HOUSING FOR LOWER-INCOME INDIVIDUALS AND FAMILIES. SEE SCHEDULE R FOR A FULL LIST.PPL PROPERTIES ALSO PARTICIPATES AS A PARTNER IN GENERAL AND/OR LIMITED PARTNERSHIPS THAT OWN AND MANAGE REAL PROPERTY, ALL FOR THE BENEFIT OF PPL, IN FUTURE YEARS.PPL PROPERTIES IS THE SOLE OWNER OF OTHER WHOLLY OWNED LLCS WHICH CONSISTS OF: A COMMUNITY CENTER THAT HOUSES A PPL PROGRAM, THE SERVICE CENTER WHICH IS THE HEADQUARTERS OF PPL'S ADMINISTRATIVE OFFICES AND ONSITE TRAINING CENTER (FRANKLIN THEATER), AND AN ENTITY WHICH ACQUIRES, REHABILITATES, AND SELLS SINGLE FAMILY HOMES TO LOW INCOME BUYERS IN NORTH MINNEAPOLIS.
Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency
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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)
Sign In — Free (10 views/day)| 2023 | 2022 | Change | |
|---|---|---|---|
| Revenue | $6,694,602 | $10,418,182 | -0.4% |
| Expenses | $12,222,325 | $10,257,593 | +0.2% |
| Net Income | $-5,527,723 | $160,589 | -35.4% |
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
Sign In| Name | Title | Hours/Week | Role | Reportable Comp | Other Comp | Total |
|---|---|---|---|---|---|---|
| MICHAEL LAFAVE | PRESIDENT THROUGH OCTOBER 2023 | 5.00 |
Officer
Director
|
$0 | $4,451 | $176,520 |
| PAUL WILLIAMS | VICE PRESIDENT | 2.00 |
Officer
Director
|
$0 | $31,148 | $395,104 |
| SCOTT CORDES | TREASURER | 2.00 |
Officer
Director
|
$0 | $10,650 | $250,706 |
| LESLIE SEABERG | SECRETARY | 2.00 |
Officer
Director
|
$0 | $12,488 | $111,394 |
| Year | Revenue | Expenses | Assets | Net Income |
|---|---|---|---|---|
| 2024 | No data | No data | No data | No data |
| 2023 | $6,694,602 | $12,222,325 | $104,884,681 | $-5,527,723 |
| 2022 | $10,418,182 | $10,257,593 | $82,919,180 | $160,589 |
| 2021 | $5,681,463 | $8,787,261 | $55,862,410 | $-3,105,798 |
| 2020 | $5,684,477 | $6,984,695 | $49,934,150 | $-1,300,218 |
| 2019 | $8,053,328 | $8,276,812 | $41,201,305 | $-223,484 |
| 2018 | $3,940,657 | $5,822,167 | $40,143,675 | $-1,881,510 |
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