NORTHLAND LUTHERAN AFFORDABLE LIVI… - 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

2001

Legal Domicile

Principal Officer

DARRELL LANCOUR

Phone

9068642168

Tax Period

2023-01-01 to 2023-12-31

NORTHLAND LUTHERAN AFFORDABLE LIVING FOR THE ELDERLY, founded in 2001, is a small nonprofit in the Housing & Shelter sector that reported $106K in total revenue in fiscal year 2023. Revenue grew 19% year-over-year, indicating healthy expansion. Expenses of $146K exceeded revenue, resulting in a 38% operating deficit.

Mission

PROVIDES 17 APARTMENTS FOR LOW-INCOME, SECTION 8 SUBSIDIZED ELDERLY HOUSING UNDER SECTION 202 OF THE NATIONAL HOUSING ACT OF 1959 AS AMENDED.

Program Service Accomplishments

Program 1

Expenses: $116,800 Revenue: $106,309

THE AVERAGE OCCUPANCY IN 2023 WAS 95%. PRIORITY IS GIVEN TO ELDERLY INDIVIDUALS WHOSE YEARLY INCOME IS BELOW THE AMOUNT DETERMINED BY THE U.S. DEPT. OF HOUSING AND URBAN DEVELOPMENT. PROVIDES A...

THE AVERAGE OCCUPANCY IN 2023 WAS 95%. PRIORITY IS GIVEN TO ELDERLY INDIVIDUALS WHOSE YEARLY INCOME IS BELOW THE AMOUNT DETERMINED BY THE U.S. DEPT. OF HOUSING AND URBAN DEVELOPMENT. PROVIDES A SECURE AND MAINTENANCE FREE LIVING ENVIRONMENT OFFERING SPECIAL AMENITIES INCLUDING VAN TRANSPORTATION FOR SHOPPING, ACTIVITIES, LIBRARY AND GROCERY DELIVERIES.

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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 (2023)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $106,309

Investment Income $102

Other Revenue $0

TOTAL REVENUE $106,411

Expense Breakdown

Grants Paid $0

Salaries & Benefits $19,072

Fundraising Expenses $0

Program Expenses $116,800

Other Expenses $127,283

TOTAL EXPENSES $146,355

Year-over-Year Comparison

	2023	2022	Change
Revenue	$106,411	$89,204	+0.2%
Expenses	$146,355	$144,449	+0.0%
Net Income	$-39,944	$-55,245	-0.3%

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

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

$122,565

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MIKE BELLISLE	CHAIRPERSON	0.50	Officer Director	$0	$0	$0
REV LINDA FORRAY	SECRETARY	0.50	Officer Director	$0	$0	$0
GLEN MAGRANE	TREASURER	0.50	Officer Director	$0	$0	$0
DARRELL LANCOUR	CEO	1.00	Officer	$0	$13,105	$122,565

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	No data	No data	No data	No data
2023	$106,411	$146,355	$806,186	$-39,944
2022	$89,204	$144,449	$841,123	$-55,245
2021	$87,295	$135,498	$816,338	$-48,203
2020	$95,051	$130,639	$849,331	$-35,588

NORTHLAND LUTHERAN AFFORDABLE LIVING FOR THE ELDERLY