WORTHINGTON SENIOR HOUSING INC

EIN: 352331633 501(c)(3) Housing & Shelter

MONTEVIDEO, MN

Total Revenue
$133,520
Total Expenses
$193,875
Total Assets
$1,617,704
Net Assets
$1,547,349
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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
2010
Legal Domicile
MN
Principal Officer
STEPHEN VANDER SCHAAF
Phone
3202696640
Tax Period
2023-07-01 to 2024-06-30

WORTHINGTON SENIOR HOUSING INC, founded in 2010, is a small nonprofit in the Housing & Shelter sector that reported $134K in total revenue in fiscal year 2023. Expenses of $194K exceeded revenue, resulting in a 45% operating deficit.

Mission

TO PROVIDE ACCESSIBLE HOUSING FOR ADULTS WITH DISABILITIES AND SENIORS.

Program Service Accomplishments

Program 1
Expenses: $193,875 Revenue: $77,248

TO PROVIDE ELDERLY PERSONS AND HANDICAPPED PERSONS WITH HOUSING FACILITIES AND SERVICES DESIGNED TO MEET THEIR PHYSICAL, SOCIAL, AND PSYCHOLOGICAL NEEDS, AND TO PROMOTE THEIR HEALTH, SECURITY...

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TO PROVIDE ELDERLY PERSONS AND HANDICAPPED PERSONS WITH HOUSING FACILITIES AND SERVICES DESIGNED TO MEET THEIR PHYSICAL, SOCIAL, AND PSYCHOLOGICAL NEEDS, AND TO PROMOTE THEIR HEALTH, SECURITY, HAPPINESS AND USEFULLNESS IN LONGER LIVING. THE CHARGES FOR SUCH FACILITIES AND SERVICES TO BE PREDICATED UPON THE PROVISION, MAINTENANCE AND OPERATION THEREOF ON A NONPROFIT BASIS.

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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 (2023)

Revenue Breakdown

Contributions & Grants $56,247
Program Service Revenue $77,248
Investment Income $25
Other Revenue $0
TOTAL REVENUE $133,520

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $193,875
Other Expenses $193,875
TOTAL EXPENSES $193,875

Year-over-Year Comparison

2023 2022 Change
Revenue $133,520 $126,362 +0.1%
Expenses $193,875 $191,033 +0.0%
Net Income $-60,355 $-64,671 -0.1%
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
7
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
$921,084
Total Directors
10
$921,084
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
STEPHEN VANDER SCHAAF PRESIDENT 0.10
Officer Director
$0 $65,715 $576,902
KEN BERRY VICE PRESIDE 0.10
Officer Director
$0 $12,119 $210,943
DANIELLE HERRERA-MARKWALD SECRETARY 0.10
Officer Director
$0 $82 $133,239
JOHN W ADAMS DIRECTOR 0.10
Director
$0 $0 $0
VIRGINIA UPCHURCH CHASE DIRECTOR 0.10
Director
$0 $0 $0
MARK E HAMEL ESQ DIRECTOR 0.10
Director
$0 $0 $0
ZACHARY JOHNSON DIRECTOR 0.10
Director
$0 $0 $0
KAY KNUTSON DIRECTOR 0.10
Director
$0 $0 $0
JENNIFER SAMAHA MSW DIRECTOR 0.10
Director
$0 $0 $0
STEVE WIGGINS 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
2025 No data No data No data No data
2024 $133,520 $193,875 $1,617,704 $-60,355
2023 $126,362 $191,033 $1,669,563 $-64,671
2022 $115,915 $199,494 $1,745,536 $-83,579
2021 $127,725 $190,383 $1,807,088 $-62,658
2020 $125,971 $178,217 $1,884,797 $-52,246
2019 $129,972 $159,622 $1,921,099 $-29,650
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