EBENEZER PARK APARTMENTS

EIN: 411378656 501(c)(3)

EDINA, MN

Total Revenue
$12,109,013
Total Expenses
$2,272,039
Total Assets
N/A
Net Assets
N/A
🔒

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
1977
Legal Domicile
MN
Principal Officer
JONATHAN LUNDBERG
Phone
6128792374
Tax Period
2020-01-01 to 2020-12-31

EBENEZER PARK APARTMENTS, founded in 1977, is a mid-sized nonprofit that reported $12.1M in total revenue in fiscal year 2020. Revenue surged 391% from the prior year, signaling strong growth momentum. The organization ran a surplus of $9.8M, a strong 81% operating margin.

Mission

THE ORGANIZATION PROVIDES 200 APARTMENT UNITS OF HOUSING FOR THE LOW-INCOME ELDERLY.

🔒

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 (2020)

Revenue Breakdown

Contributions & Grants $13,766
Program Service Revenue $1,906,470
Investment Income $10,128,402
Other Revenue $60,375
TOTAL REVENUE $12,109,013

Expense Breakdown

Grants Paid $0
Salaries & Benefits $562,689
Fundraising Expenses $0
Program Expenses $582,041
Other Expenses $1,709,350
TOTAL EXPENSES $2,272,039

Year-over-Year Comparison

2020 2019 Change
Revenue $12,109,013 $2,466,463 +3.9%
Expenses $2,272,039 $2,816,807 -0.2%
Net Income $9,836,974 $-350,344 -29.1%
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
N/A
Independent Members
N/A
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
7
$3,456,522
Total Directors
14
$3,850,135
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
JAMES HEREFORD FHS PRESIDEN 2.00
Officer Director
$0 $715,433 $2,621,429
JONATHAN LUNDBERG EBENEZER PRE 2.00
Officer Director
$0 $118,008 $460,196
MARK THOMAS FORMER OFFIC 0.00
$0 $180,869 $428,538
JOSEPH GAYLORD FHS VP 2.00
Director
$0 $63,828 $393,613
TODD WILLETT EBENEZER CFO 2.00
Officer Director
$0 $21,064 $374,897
SUSAN CARLSON-WEINBERG SECRETARY 0.25
Officer Director
$0 $0 $0
LINDA COLLINS DIRECTOR-END 0.25
Director
$0 $0 $0
GINA DINGMAN DIRECTOR 0.25
Director
$0 $0 $0
KENT EKLUND VICE CH-END 0.25
Officer Director
$0 $0 $0
ROBB GRUMAN DIRECTOR 0.25
Director
$0 $0 $0
THOMAS HOKR DIRECTOR 0.25
Director
$0 $0 $0
RICHARD HOWARD CHAIR 0.25
Officer Director
$0 $0 $0
CAROLYN JACOBSON DIRECTOR 0.25
Director
$0 $0 $0
CARL RUNCK DIRECTOR 0.25
Director
$0 $0 $0
SCOTT WORDELMAN VICE CHAIR 0.25
Officer 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
2020 $12,109,013 $2,272,039 No data $9,836,974
2019 $2,466,463 $2,816,807 $14,167,768 $-350,344
2018 $2,879,167 $1,960,038 $14,578,428 $919,129
Explore More Nonprofits
→Top 100 Nonprofits in Minnesota →Largest U.S. Nonprofits →Best Rated Nonprofits →Most Efficient Nonprofits

Compare EBENEZER PARK APARTMENTS with other nonprofits in Minnesota and across the country.

We Value Your Privacy
We use cookies and similar technologies to analyze site traffic and improve your experience. By clicking "Accept All", you consent to our use of cookies for analytics and measurement.