MILL RIDGE COMMONS

EIN: 363545892 501(c)(3)

ROSEVILLE, MN

Total Revenue
$1,118,816
Total Expenses
$707,000
Total Assets
$6,707,601
Net Assets
$3,696,165
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1988
Legal Domicile
MN
Principal Officer
JONATHAN FLETCHER
Phone
6516316162
Tax Period
2023-10-01 to 2024-09-30

MILL RIDGE COMMONS, founded in 1988, is a community nonprofit that reported $1.1M in total revenue in fiscal year 2023. The organization ran a surplus of $412K, a strong 37% operating margin.

Mission

THE MISSION OF THE ORGANIZATION IS TO HONOR GOD BY ENRICHING THE LIVES AND TOUCHING THE HEARTS OF OLDER ADULTS.

Program Service Accomplishments

Program 1
Expenses: $491,721 Revenue: $1,051,721

THE ORGANIZATION CONSISTS OF 56 INDEPENDENT SENIOR LIVING APARTMENTS LOCATED IN CAMBRIDGE, MINNESOTA.

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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 $0
Program Service Revenue $1,051,721
Investment Income $53,391
Other Revenue $13,704
TOTAL REVENUE $1,118,816

Expense Breakdown

Grants Paid $0
Salaries & Benefits $157,155
Fundraising Expenses $0
Program Expenses $491,721
Other Expenses $549,845
TOTAL EXPENSES $707,000

Year-over-Year Comparison

2023 2022 Change
Revenue $1,118,816 $1,047,869 +0.1%
Expenses $707,000 $768,747 -0.1%
Net Income $411,816 $279,122 +0.5%
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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Liquidity & Cash Position

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Governance

Voting Members
3
Independent Members
N/A
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
$1,886,028
Total Directors
3
$1,886,028
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
DAN LINDH BOARD CHAIR/CEO 1.00
Officer Director
$0 $26,250 $1,089,847
MARK MEYER SEC./TREAS./CFO 1.00
Officer Director
$0 $21,646 $500,746
JONATHAN FLETCHER VP DEVELOPMENT 1.00
$0 $28,580 $408,664
MARK PEDERSON BRD VICE CHAIR 1.00
Officer Director
$0 $21,854 $295,435
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 $1,118,816 $707,000 $6,707,601 $411,816
2023 $1,047,869 $768,747 $5,852,734 $279,122
2022 $875,007 $696,652 $5,082,454 $178,355
2021 $951,454 $669,775 $4,700,856 $281,679
2020 $899,804 $646,612 $4,350,204 $253,192
2019 $736,923 $672,262 $3,928,466 $64,661
2018 $770,538 $694,508 $3,749,384 $76,030
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