RICHFIELD SENIOR HOUSING INC DBA MAINSTREET VILLAGE SENIOR HOUSING

EIN: 311626065 501(c)(3) Housing & Shelter

RICHFIELD, MN

Total Revenue
$5,560,657
Total Expenses
$5,520,869
Total Assets
$14,131,098
Net Assets
$-3,886,684
🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Sign In — Free (10 views/day)

Financial Trends

Organization Details

Formation Year
1998
Legal Domicile
MN
Principal Officer
MARK MEYER
Phone
6128612799
Tax Period
2023-10-01 to 2024-09-30

RICHFIELD SENIOR HOUSING INC DBA MAINSTREET VILLAGE SENIOR HOUSING, founded in 1998, is a community nonprofit in the Housing & Shelter sector that reported $5.6M in total revenue in fiscal year 2023. Revenue grew 15% year-over-year, indicating healthy expansion.

Mission

CARE FOR THE ELDERLY

Program Service Accomplishments

Program 1
Expenses: $4,902,102 Revenue: $5,560,657

RICHFIELD SENIOR HOUSING, INC. PROVIDES HOUSING WITH SERVICES TO PERSONS AGE 55 AND OLDER. FOR THOSE TENANTS REQUIRING GREATER LEVELS OF CARE, ASSISTED LIVING SERVICES ARE AVAILABLE.SERVICES THAT ARE...

Read more

RICHFIELD SENIOR HOUSING, INC. PROVIDES HOUSING WITH SERVICES TO PERSONS AGE 55 AND OLDER. FOR THOSE TENANTS REQUIRING GREATER LEVELS OF CARE, ASSISTED LIVING SERVICES ARE AVAILABLE.SERVICES THAT ARE PROVIDED FREE OF CHARGE IN INDEPENDENT LIVING INCLUDE ACTIVITIES PROGRAM, A FITNESS PROGRAM, TRANSPORTATION TO MEDICAL APPOINTMENTS, OUTINGS AND SHOPPING, STAFFING 24/7 AND CHAPLAINCY.SERVICES THAT ARE AVAILABLE IN INDEPENDENT LIVING AT AN ADDITIONAL COST INCLUDE MEALS, HOUSEKEEPING, BEAUTY/BARBER SHOP, AND UNDERGROUND HEATED PARKING. THERE ARE ALSO TWO LAUNDRY ROOMS ON EACH FLOOR.

🔒

Trantor Score

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

Sign in to view Trantor Score and financial metrics

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

Sign In — Free (10 views/day)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $5,493,959
Investment Income $66,698
Other Revenue $0
TOTAL REVENUE $5,560,657

Expense Breakdown

Grants Paid $0
Salaries & Benefits $2,598,602
Fundraising Expenses $0
Program Expenses $4,902,102
Other Expenses $2,922,267
TOTAL EXPENSES $5,520,869

Year-over-Year Comparison

2023 2022 Change
Revenue $5,560,657 $4,822,280 +0.2%
Expenses $5,520,869 $5,226,130 +0.1%
Net Income $39,788 $-403,850 -1.1%
Key Indicators
✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✗ Schedule B Required
🔒

Financial Health Indicators

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

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

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

Sign In

Governance

Voting Members
6
Independent Members
5
Employees
90
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
5
$0
Total Directors
5
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
DENYSE ETHRIDGE EXECUTIVE DIRECTOR & COO 1.00
$0 $17,610 $198,085
CHRIS SCHMIDT VP FINANCE 1.00
$0 $14,784 $158,201
DAN LINDH President 0.50
Officer Director
$0 $0 $0
MARK MEYER Treasurer & CFO 0.50
Officer Director
$0 $0 $0
JOHN BERGESON Secretary 0.50
Officer Director
$0 $0 $0
TAMARA TASCHE BOARD CHAIR 0.50
Officer Director
$0 $0 $0
DUANE LARSON BD VICE CHAIR 0.50
Officer 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 $5,560,657 $5,520,869 $14,131,098 $39,788
2023 $4,822,280 $5,226,130 $14,129,255 $-403,850
2022 $4,454,353 $5,099,480 $14,462,156 $-645,127
2021 $4,931,392 $4,944,064 $14,182,942 $-12,672
2020 $5,282,851 $5,470,960 $14,340,189 $-188,109
2019 $5,020,431 $4,830,462 $14,527,819 $189,969
2018 $5,321,915 $5,062,206 $14,585,402 $259,709
2017 $5,384,953 $5,060,029 $15,581,289 $324,924
Explore More Nonprofits
→Top 100 Nonprofits in Minnesota →Largest U.S. Nonprofits →Best Rated Nonprofits →Most Efficient Nonprofits

Compare RICHFIELD SENIOR HOUSING INC DBA MAINSTREET VILLAGE SENIOR HOUSING with other nonprofits in Minnesota and across the country.

We Value Your Privacy
We use cookies and similar technologies to analyze site traffic and improve your experience. By clicking "Accept All", you consent to our use of cookies for analytics and measurement.