Hammer Residences Inc

EIN: 410841103 501(c)(3) Human Services

Wayzata, MN

Total Revenue
$44,072,469
Total Expenses
$49,328,734
Total Assets
$30,278,068
Net Assets
$22,990,941
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1960
Legal Domicile
MN
Principal Officer
John Estrem
Phone
9524731261
Tax Period
2024-01-01 to 2024-12-31

Hammer Residences Inc, founded in 1960, is a mid-sized nonprofit in the Human Services sector that reported $44.1M in total revenue in fiscal year 2024. Expenses of $49.3M exceeded revenue, resulting in a 12% operating deficit.

Mission

To provide people with developmental disabilities the opportunity to experience life to its fullest.

Program Service Accomplishments

Program 1
Expenses: $39,735,212 Revenue: $36,265,495

Residential Services: Hammer provides a holistic and person-centered approach to residential and support services for people with developmental disabilities. Each individual living at Hammer is...

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Residential Services: Hammer provides a holistic and person-centered approach to residential and support services for people with developmental disabilities. Each individual living at Hammer is encouraged to uncover what living life to its fullest means to them. Hammer programs are designed to meet the physical well-being, psychological, social, spiritual, educational, and recreational needs of each person we support. Our full-time nurses provide oversight to each person's health care needs. Hammer partners with each individual and his/her family to create a life experience that is fulfilling and meaningful.

Program 2
Expenses: $2,221,024 Revenue: $2,958,028

Case Management/Care Coordination:Hammer provides case management services through a contract with Hennepin County, Hammer provides case management services to people throughout the state. Hammer...

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Case Management/Care Coordination:Hammer provides case management services through a contract with Hennepin County, Hammer provides case management services to people throughout the state. Hammer case managers provide support in accessing and coordinating services for individuals. Hammer also has managed care contracts under which we provide care coordination of the individual's health services.

Program 3
Expenses: $807,194 Revenue: $906,783

Travel Program:Hammer has developed an expansion in its mission which provides travel experiences for people with disabilities. This service helps with the planning and coordination of travel...

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Travel Program:Hammer has developed an expansion in its mission which provides travel experiences for people with disabilities. This service helps with the planning and coordination of travel arrangements for the disabled individual. These experiences help develop the individual's living skills. The offerings teach independence, travel abilities, management of circumstances and life experiences for both the disabled individual as well as the care giver. This helps develop life skills. The service is provided by Hammer Travel, LLC which is a single member LLC in whichHammer Residences is the sole member.

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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 (2024)

Revenue Breakdown

Contributions & Grants $3,532,875
Program Service Revenue $40,130,306
Investment Income $428,918
Other Revenue $-19,630
TOTAL REVENUE $44,072,469

Expense Breakdown

Grants Paid $0
Salaries & Benefits $37,848,556
Fundraising Expenses $669,091
Program Expenses $42,763,430
Other Expenses $11,480,178
TOTAL EXPENSES $49,328,734

Year-over-Year Comparison

2024 2023 Change
Revenue $44,072,469 $42,228,145 +0.0%
Expenses $49,328,734 $43,102,131 +0.1%
Net Income $-5,256,265 $-873,986 +5.0%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Governance

Voting Members
13
Independent Members
13
Employees
858
Volunteers
406

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
6
$487,122
Total Directors
13
$0
Key Employees
1
$212,043
Highest Compensated
5
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Baline Stephens President 1.00
Officer Director
$0 $0 $0
Julie Wesley-Wong Vice President 1.00
Officer Director
$0 $0 $0
Laurie Moga Secretary 1.00
Officer Director
$0 $0 $0
Mitch Ringe Treasurer 1.00
Officer Director
$0 $0 $0
Don Haberman Member 0.10
Director
$0 $0 $0
Greg Hanson Member 0.10
Director
$0 $0 $0
Tim Haugen Member 0.10
Director
$0 $0 $0
Robert Lockwood Member 0.10
Director
$0 $0 $0
Michelle Olson Member 0.10
Director
$0 $0 $0
Barb Peterson Member 0.10
Director
$0 $0 $0
Rich Stoebe Member 0.10
Director
$0 $0 $0
Kevin Walli Member 0.10
Director
$0 $0 $0
Nancy Wurm Member 0.10
Director
$0 $0 $0
John Estrem CEO 40.00
Officer
$257,809 $10,061 $267,870
Kristin Pyka CFO 40.00
Officer
$204,960 $14,292 $219,252
Kyle Fitzwater Chief Human Resources Officer 40.00
Key Emp
$200,301 $11,742 $212,043
Abdimalik Mohamud Program Manager 95.00
Highest
$192,010 $20,752 $212,762
Lovia Antwi Program Manager 97.00
Highest
$180,824 $4,936 $185,760
Kerri Turenne Mgr. of Scheduling & Support 78.00
Highest
$158,894 $17,152 $176,046
Suzanne Ada Assooh Program Manager 94.00
Highest
$161,350 $0 $161,350
Sunday Abe Lead Direct Support Professional 113.00
Highest
$151,910 $13,426 $165,336
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 $44,072,469 $49,328,734 $30,278,068 $-5,256,265
2023 $42,228,145 $43,102,131 $35,597,157 $-873,986
2022 $33,255,564 $31,524,716 $35,833,018 $1,730,848
2021 $31,216,028 $28,312,073 $27,096,266 $2,903,955
2020 $31,428,618 $29,102,611 $23,930,696 $2,326,007
2019 $28,119,241 $27,516,853 $21,248,146 $602,388
2018 $28,031,584 $28,551,882 $19,674,433 $-520,298
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