MAPLE LAKE HOUSING DEVELOPMENT COR… - 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

1976

Legal Domicile

Principal Officer

PAUL MANUEL

Phone

3209635283

Tax Period

2024-01-01 to 2024-12-31

MAPLE LAKE HOUSING DEVELOPMENT CORPORATION, founded in 1976, is a small nonprofit in the Housing & Shelter sector that reported $389K in total revenue in fiscal year 2024. Expenses of $364K left a modest 6% surplus.

Mission

TO PROVIDE AFFORDABLE ELDERLY HOUSING.

Program Service Accomplishments

Program 1

Expenses: $357,701 Revenue: $381,922

PROVIDE AFFORDABLE HOUSING TO ELDERLY AND DISABLED RESIDENTS BY RENTAL OF SMOKE FREE APARTMENT UNITS. SENIOR DINING ON SITE WHICH PROVIDES AFFORDABLE NOON MEALS MONDAY THROUGH FRIDAY. ON SITE OFFICE...

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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 (2024)

Revenue Breakdown

Contributions & Grants $2,012

Program Service Revenue $381,922

Investment Income $4,766

Other Revenue $0

TOTAL REVENUE $388,700

Expense Breakdown

Grants Paid $0

Salaries & Benefits $66,026

Fundraising Expenses $0

Program Expenses $357,701

Other Expenses $297,646

TOTAL EXPENSES $363,672

Year-over-Year Comparison

	2024	2023	Change
Revenue	$388,700	$375,508	+0.0%
Expenses	$363,672	$376,412	0.0%
Net Income	$25,028	$-904	-28.7%

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

$41,592

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
PAUL MANUEL	PRESIDENT	0.50	Officer Director	$0	$0	$0
JEANNIE FOBBE	TREASURER	0.50	Officer Director	$0	$0	$0
CAROL PURCELL	SECRETARY	0.50	Officer Director	$0	$0	$0
CAROL NORTHENSCOLD	DIRECTOR	0.50	Director	$0	$0	$0
MIKE MESSINA	VICE PRESIDENT	0.50	Officer Director	$0	$0	$0
JERRY SAWATZKE	DIRECTOR	0.50	Director	$0	$0	$0
PHILL MOONEY	DIRECTOR	0.50	Director	$0	$0	$0
CATHERINE ELFSTRAND	MANAGER	40.00	Officer	$41,592	$0	$41,592

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	$388,700	$363,672	$933,176	$25,028
2023	$375,508	$376,412	$702,805	$-904
2022	$364,327	$355,450	$733,725	$8,877
2021	$331,971	$321,978	$759,965	$9,993
2020	$325,877	$316,520	$781,885	$9,357
2019	$294,351	$337,480	$801,299	$-43,129
2018	$314,160	$333,459	$872,981	$-19,299

MAPLE LAKE HOUSING DEVELOPMENT CORPORATION