SAUK RAPIDS, MN
4 risk indicators measuring financial stability and operational resilience
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Sign In — Free (10 views/day)GOOD SHEPHERD HOMES INC, founded in 1978, is a small nonprofit that reported $683K in total revenue in fiscal year 2023. Revenue grew 9% year-over-year, indicating healthy expansion.
OWN AND OPERATE AN APARTMENT FOR THE PURPOSE OF PROVIDING OLDER ADULTS AND HANDICAPPED PERSONS WITH HOUSING FACILITIES AND SERVICES DESIGNED TO MEET THEIR PHYSICAL, SOCIAL AND PSYCHOLOGICAL NEEDS AND TO PROMOTE THEIR HEALTH, SECURITY, HAPPINESS, AND USEFULNESS IN LONGER LIVING.
GOOD SHEPHERD HOMES, INC. OWNS AND OPERATES A 58 UNIT APARTMENT COMPLEX FOR THE PURPOSE OF PROVIDING OLDER AND HANDICAPPED ADULTS WITH HOUSING FACILITIES. SERVICES ARE DESIGNED TO MEET THEIR...
GOOD SHEPHERD HOMES, INC. OWNS AND OPERATES A 58 UNIT APARTMENT COMPLEX FOR THE PURPOSE OF PROVIDING OLDER AND HANDICAPPED ADULTS WITH HOUSING FACILITIES. SERVICES ARE DESIGNED TO MEET THEIR PHYSICAL, SOCIAL AND PSYCHOLOGICAL NEEDS AND TO PROMOTE THEIR HEALTH, SECURITY, AND HAPPINESS IN LONGER LIVING THROUGH A CHRISTIAN PERSPECTIVE. THE CORPORATION HAS A SECTION 8 HOUSING ASSISTANCE PAYMENT AGREEMENT WITH THE US DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT (HUD) TO ELIGIBLE LOW-INCOME ELDERLY TENANTS. GOOD SHEPHERD HOMES, INC. IS A PART OF A 30 ACRE SENIOR LIVING CAMPUS IN SAUK RAPIDS, MINNESOTA WHICH INCLUDES SKILLED NURSING FACILITY CARE, SUB-ACUTE/SHORT TERM REHABILITATION SERVICES, CONGREGATE DINING, SKILLED HOME CARE SERVICES, ASSISTED LIVING SERVICES, MEMORY CARE SERVICES, AND INDEPENDENT LIVING APARTMENTS. MOST OF THE BUILDINGS ARE CONNECTED THROUGH ENCLOSED LINKS ALLOWING TENANTS TO FREELY MOVE BETWEEN BUILDINGS TO MEET FRIENDS OR ENJOY A WALK INSIDE AVOIDING HARSH MINNESOTA WINTER CONDITIONS.
Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency
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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)
Sign In — Free (10 views/day)| 2023 | 2022 | Change | |
|---|---|---|---|
| Revenue | $682,832 | $627,627 | +0.1% |
| Expenses | $671,312 | $646,292 | +0.0% |
| Net Income | $11,520 | $-18,665 | -1.6% |
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
Sign In| Name | Title | Hours/Week | Role | Reportable Comp | Other Comp | Total |
|---|---|---|---|---|---|---|
| BARB MAHNKE | CHAIR | 0.50 |
Officer
Director
|
$0 | $0 | $0 |
| LOIS PERLEBERG | VICE CHAIR | 0.50 |
Officer
Director
|
$0 | $0 | $0 |
| JOYCE HAWKINSON | SECRETARY / TREASURER | 0.50 |
Officer
Director
|
$0 | $0 | $0 |
| CHERYL SCAPANSKI | BOARD MEMBER | 0.50 |
Director
|
$0 | $0 | $0 |
| DENNIS BACON | BOARD MEMBER | 0.50 |
Director
|
$0 | $0 | $0 |
| TERRY KURASH | BOARD MEMBER | 0.50 |
Director
|
$0 | $0 | $0 |
| MICHAEL STORDAHL | PRESIDENT/CEO/ADMINISTRATOR | 1.00 |
Officer
|
$0 | $24,601 | $195,441 |
| MORGAN KERN DECEMBER 2023 | CFO | 3.00 |
Officer
|
$0 | $0 | $98,729 |
| RHONDA POHL | VP OF HUMAN RESOURCES | 1.00 |
Highest
|
$0 | $14,714 | $122,647 |
| KRISTA MARTINI | FINANCIAL MANAGER | 0.50 |
Highest
|
$0 | $20,558 | $146,609 |
| Year | Revenue | Expenses | Assets | Net Income |
|---|---|---|---|---|
| 2024 | No data | No data | No data | No data |
| 2023 | $682,832 | $671,312 | $1,783,461 | $11,520 |
| 2022 | $627,627 | $646,292 | $1,794,071 | $-18,665 |
| 2021 | $643,196 | $612,804 | $1,836,019 | $30,392 |
| 2020 | $622,527 | $618,269 | $1,862,964 | $4,258 |
| 2019 | $618,088 | $602,031 | $1,886,461 | $16,057 |
| 2018 | $610,564 | $671,335 | $2,015,549 | $-60,771 |
Compare GOOD SHEPHERD HOMES INC with other nonprofits in Minnesota and across the country.