THE PAUQUETTE AREA ELDERLY HOUSING… - Form 990 Financial Data

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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

1985

Legal Domicile

Principal Officer

GERARD BROCKEL

Phone

6086357000

Tax Period

2022-10-01 to 2023-09-30

THE PAUQUETTE AREA ELDERLY HOUSING CORPORATION, founded in 1985, is a community nonprofit that reported $2.2M in total revenue in fiscal year 2022. Revenue surged 417% from the prior year, signaling strong growth momentum. The organization ran a surplus of $2.1M, a strong 93% operating margin.

Mission

TO PROVIDE HOUSING TO VERY LOW INCOME PERSONS

Program Service Accomplishments

Program 1

Expenses: $143,608 Revenue: $189,608

THIS ORGANIZATION OWNS AND OPERATES TWO 19 UNIT APARTMENT BUILDINGS FOR VERY LOW INCOME ELDERLY PERSONS. THE OPERATIONS ARE REGULATED BY HUD AND WHEDA PIONEER PLACE I & II WHEDA PROJECT #2701.

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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%)

Financial Overview (2022)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $189,608

Investment Income $2,051,866

Other Revenue $0

TOTAL REVENUE $2,241,474

Expense Breakdown

Grants Paid $0

Salaries & Benefits $52,015

Fundraising Expenses $0

Program Expenses $143,608

Other Expenses $106,452

TOTAL EXPENSES $158,467

Year-over-Year Comparison

	2022	2021	Change
Revenue	$2,241,474	$433,891	+4.2%
Expenses	$158,467	$393,008	-0.6%
Net Income	$2,083,007	$40,883	+50.0%

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

Governance

Voting Members

Independent Members

Employees

N/A

Volunteers

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
GERARD BROCKEL	PRESIDENT & DIRECTOR	5.00	Officer Director	$0	$0	$0
ROSE LECKWEE	VICE-PRESIDENT & DIRECTOR	1.00	Officer Director	$0	$0	$0
MARGO HOLZMAN	SECRETARY & DIRECTOR	1.00	Officer Director	$0	$0	$0
PAT NIGLIS	DIRECTOR	0.50	Director	$0	$0	$0
TOM LECKWEE	DIRECTOR	0.50	Director	$0	$0	$0
CLAUDINE HANSON	DIRECTOR	0.50	Director	$0	$0	$0
CURTIS NIGLIS	DIRECTOR	0.50	Director	$0	$0	$0
WILLIAM CURLEY	DIRECTOR	0.50	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
2023	$2,241,474	$158,467	$2,051,497	$2,083,007
2022	$433,891	$393,008	$1,412,238	$40,883
2021	$446,268	$396,403	$1,378,881	$49,865
2020	$425,757	$383,265	$1,370,140	$42,492
2019	$410,520	$396,163	$1,378,299	$14,357
2018	$425,411	$393,569	$1,377,445	$31,842

THE PAUQUETTE AREA ELDERLY HOUSING CORPORATION