Pioneer Housing Development Inc

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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

1980

Legal Domicile

Principal Officer

Anne Major

Phone

9522109912

Tax Period

2023-01-01 to 2023-12-31

Pioneer Housing Development Inc, founded in 1980, is a small nonprofit that reported $596K in total revenue in fiscal year 2023.

Mission

To provide a continuum of quality care in a Christian manner that honors the dignity of the members of our local community.

Program Service Accomplishments

Program 1

Expenses: $520,112 Revenue: $595,491

Pioneer Housing Development, Inc. operates John Paul Apartments, a 61-unit apartment complex in Cold Spring, Minnesota, for elderly individuals under Section 207 pursuant to Section 223(f) of the...

Pioneer Housing Development, Inc. operates John Paul Apartments, a 61-unit apartment complex in Cold Spring, Minnesota, for elderly individuals under Section 207 pursuant to Section 223(f) of the National Housing Act. The apartment complex is regulated by the U.S. Department of Housing and Urban Development (HUD) as to rent charges and operating methods. The apartment complex does not have any non-income producing units. The apartment complex is also subject to Section 8 Housing Assistance Payments agreements with HUD, providing for payments for the apartment units leased to eligible low-income, elderly tenants pursuant to Section 8 of the U.S. Housing Act of 1937.

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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 $595,491

Investment Income $258

Other Revenue $0

TOTAL REVENUE $595,749

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $520,112

Other Expenses $617,291

TOTAL EXPENSES $617,291

Year-over-Year Comparison

	2023	2022	Change
Revenue	$595,749	$580,748	+0.0%
Expenses	$617,291	$551,634	+0.1%
Net Income	$-21,542	$29,114	-1.7%

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

N/A

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

$373,107

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Rev Matthew Luft	Second VP/CEO (Jan-Jun)	1.00	Officer Director	$0	$0	$0
Father Leroy Scheierl	CEO/VP (Jul-Dec)	1.00	Officer Director	$0	$0	$0
Larry Sell	Secretary (Jan-Jun)	1.00	Officer Director	$0	$0	$0
Merrilee Stang	Secretary (Jul-Dec)	1.00	Officer Director	$0	$0	$0
Mike Roth	Treasurer	1.00	Officer Director	$0	$0	$0
Melissa Rowe	Director (Jan-Jul)	1.00	Director	$0	$0	$0
Fr Isaiah Frederick	Director (Jan-Jul)	1.00	Director	$0	$0	$0
Nicole Holthaus	Director	1.00	Director	$0	$0	$0
Harry Bertram	Director	1.00	Director	$0	$0	$0
Cheryl Eickhoff	Director	1.00	Director	$0	$0	$0
Terri Larison	Director (Jan-Jul)	1.00	Director	$0	$0	$0
Brother David Allen	Director (Jan-Jul)	1.00	Director	$0	$0	$0
Scott Rowe	Director (Jan-Jul)	1.00	Director	$0	$0	$0
Kelly Springer	Director (Jan-Jul)	1.00	Director	$0	$0	$0
Brenda Weller	Director of Finance (Jan-Nov)	1.00	Officer	$0	$27,512	$160,966
Mary Boyde	Administrator	1.00	Officer	$0	$0	$212,141

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	No data	No data	No data	No data
2023	$595,749	$617,291	$754,762	$-21,542
2022	$580,748	$551,634	$841,000	$29,114
2021	$529,962	$564,889	$1,080,886	$-34,927
2020	$562,921	$584,492	$986,008	$-21,571
2019	$595,766	$572,909	$986,979	$22,857
2018	$603,038	$560,047	$1,017,711	$42,991