HAYFIELD AREA ELDERLY HOUSING INC C/O PARAMARK CORP

EIN: 411352022 501(c)(3)

ROCHESTER, MN

Total Revenue
$228,208
Total Expenses
$201,788
Total Assets
$254,312
Net Assets
$-307,886
🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Sign In — Free (10 views/day)

Financial Trends

Organization Details

Formation Year
1979
Legal Domicile
MN
Principal Officer
CLINTON SPARKS
Phone
5072855082
Tax Period
2023-07-01 to 2024-06-30

HAYFIELD AREA ELDERLY HOUSING INC C/O PARAMARK CORP, founded in 1979, is a small nonprofit that reported $228K in total revenue in fiscal year 2023. Revenue grew 19% year-over-year, indicating healthy expansion. Expenses of $202K left a modest 12% surplus.

Mission

PROVIDE SENIOR HOUSING UNDER SECTION 202 OF THE NATIONAL HOUSING ACT.

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Sign In — Free (10 views/day)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $228,176
Investment Income $32
Other Revenue $0
TOTAL REVENUE $228,208

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $158,155
Other Expenses $201,788
TOTAL EXPENSES $201,788

Year-over-Year Comparison

2023 2022 Change
Revenue $228,208 $191,514 +0.2%
Expenses $201,788 $172,120 +0.2%
Net Income $26,420 $19,394 +0.4%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Sign In

Governance

Voting Members
5
Independent Members
5
Employees
N/A
Volunteers
N/A

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
4
$0
Total Directors
5
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
CLINTON SPARKS PRESIDENT 2.00
Officer Director
$0 $0 $0
GENE GULBRANSEN TREASURER 2.00
Officer Director
$0 $0 $0
FRANK MOON VICE PRESIDENT 2.00
Officer Director
$0 $0 $0
WILLIAM WANZEK SECRETARY 2.00
Officer Director
$0 $0 $0
ORIN JOHNSON MEMBER AT LARGE 2.00
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
2025 No data No data No data No data
2024 $228,208 $201,788 $254,312 $26,420
2023 $191,514 $172,120 $261,773 $19,394
2022 $185,123 $182,384 $265,472 $2,739
2021 $211,200 $186,050 $306,079 $25,150
2020 $193,400 $209,596 $303,234 $-16,196
2019 $188,793 $178,983 $346,804 $9,810
Explore More Nonprofits
Top 100 Nonprofits in Minnesota Largest U.S. Nonprofits Best Rated Nonprofits Most Efficient Nonprofits

Compare HAYFIELD AREA ELDERLY HOUSING INC C/O PARAMARK CORP with other nonprofits in Minnesota and across the country.