OSBORNE APARTMENTS INC

EIN: 411374298 501(c)(3) Housing & Shelter

SPRING LAKE PARK, MN

Total Revenue
$855,818
Total Expenses
$782,762
Total Assets
$2,980,669
Net Assets
$-1,464,126
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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
MN
Principal Officer
PAM QUAST
Phone
6128743479
Tax Period
2024-10-01 to 2025-09-30

OSBORNE APARTMENTS INC, founded in 1980, is a small nonprofit in the Housing & Shelter sector that reported $856K in total revenue in fiscal year 2024. Expenses of $783K left a modest 9% surplus.

Mission

TO PROVIDE QUALITY HOUSING TO LOW INCOME SENIOR CITIZENS

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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 $0
Program Service Revenue $852,913
Investment Income $2,905
Other Revenue $0
TOTAL REVENUE $855,818

Expense Breakdown

Grants Paid $0
Salaries & Benefits $196,522
Fundraising Expenses $0
Program Expenses $616,568
Other Expenses $586,240
TOTAL EXPENSES $782,762

Year-over-Year Comparison

2024 2023 Change
Revenue $855,818 $806,428 +0.1%
Expenses $782,762 $776,035 +0.0%
Net Income $73,056 $30,393 +1.4%
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

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Governance

Voting Members
4
Independent Members
4
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
0
$0
Total Directors
3
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
PAM QUAST DIRECTOR 1.00
Director
$0 $0 $0
JOHN NORDSTROM DIRECTOR 1.00
Director
$0 $0 $0
ALEXANDER QUAST DIRECTOR 1.00
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 $855,818 $782,762 $2,980,669 $73,056
2024 $806,428 $776,035 $3,045,242 $30,393
2023 $686,382 $769,960 $3,106,825 $-83,578
2022 $685,882 $722,411 $3,209,456 $-36,529
2021 $714,638 $663,609 $3,335,150 $51,029
2020 $626,115 $726,363 $3,396,999 $-100,248
2019 $611,516 $679,903 $949,452 $-68,387
2018 $614,754 $661,855 $1,028,716 $-47,101
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