IRIS PARK COMMONS

EIN: 411433860 501(c)(3) Housing & Shelter

ST PAUL, MN

Total Revenue
$4,727,641
Total Expenses
$4,511,361
Total Assets
$3,852,679
Net Assets
$-2,006,751
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1992
Legal Domicile
MN
Principal Officer
TOM HENRY
Phone
6516328801
Tax Period
2024-01-01 to 2024-12-31

IRIS PARK COMMONS, founded in 1992, is a community nonprofit in the Housing & Shelter sector that reported $4.7M in total revenue in fiscal year 2024. Revenue grew 9% year-over-year, indicating healthy expansion. Expenses of $4.5M left a modest 5% surplus.

Mission

PROVIDE FOR THE PHYSICAL, SOCIAL, SPIRITUAL, AND PSYCHOLOGICAL NEEDS OF ITS RESIDENTS AND ARE DESIGNED TO SERVE ADULTS 62 AND OLDER.

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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 $62,200
Program Service Revenue $4,413,883
Investment Income $92,149
Other Revenue $159,409
TOTAL REVENUE $4,727,641

Expense Breakdown

Grants Paid $0
Salaries & Benefits $2,265,253
Fundraising Expenses $0
Program Expenses $3,432,625
Other Expenses $2,246,108
TOTAL EXPENSES $4,511,361

Year-over-Year Comparison

2024 2023 Change
Revenue $4,727,641 $4,354,916 +0.1%
Expenses $4,511,361 $4,192,129 +0.1%
Net Income $216,280 $162,787 +0.3%
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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Governance

Voting Members
16
Independent Members
16
Employees
N/A
Volunteers
45

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
10
$933,523
Total Directors
22
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
MELISSA GILBERTSON CHAIR 0.10
Officer Director
$0 $0 $0
PETER GOVE CHAIR (THRU NOV)/DIRECTOR 0.10
Officer Director
$0 $0 $0
MARY LILJA VICE-CHAIR 0.10
Officer Director
$0 $0 $0
DAVID CARLSEN TREASURER 0.10
Officer Director
$0 $0 $0
BRIAN OSTENSO TREASURER (THRU NOV) 0.10
Officer Director
$0 $0 $0
CAROL FORBES SECRETARY 0.10
Officer Director
$0 $0 $0
MARK CAPALDINI DIRECTOR 0.10
Director
$0 $0 $0
KATHLEEN CUMMINGS DIRECTOR 0.10
Director
$0 $0 $0
RICHARD CUNNINGHAM DIRECTOR 0.10
Director
$0 $0 $0
ANDY CURRIE DIRECTOR (THRU JUNE) 0.10
Director
$0 $0 $0
LOIS CUTLER DIRECTOR 0.10
Director
$0 $0 $0
GENE GELGELU DIRECTOR (THRU APRIL) 0.10
Director
$0 $0 $0
JIHAN GOLDEN DIRECTOR (THRU NOV) 0.10
Director
$0 $0 $0
MARY GREER DIRECTOR 0.10
Director
$0 $0 $0
SUE HAIGH DIRECTOR 0.10
Director
$0 $0 $0
TOM HOVE DIRECTOR 0.10
Director
$0 $0 $0
GAYLE KVENVOLD DIRECTOR 0.10
Director
$0 $0 $0
REV CRAIG LOYA DIRECTOR 0.10
Director
$0 $0 $0
SARAH JANE NOWLIN DIRECTOR 0.10
Director
$0 $0 $0
TOM SCHAEFER DIRECTOR 0.10
Director
$0 $0 $0
JIM SCHEIBEL DIRECTOR 0.10
Director
$0 $0 $0
MARTHA SWENSON DIRECTOR (THRU NOV) 0.10
Director
$0 $0 $0
MARVIN PLAKUT PRESIDENT/CEO (THRU MARCH) 3.00
Officer
$0 $6,430 $162,820
JOHN T HENRY PRESIDENT/CEO 3.00
Officer
$0 $23,414 $371,663
MELISSA SCHNEIDER COO 3.00
Officer
$0 $15,830 $219,276
HEIDI ELMQUIST CAO 3.00
Officer
$0 $36,948 $179,764
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
2024 $4,727,641 $4,511,361 $3,852,679 $216,280
2023 $4,354,916 $4,192,129 $3,865,227 $162,787
2022 $4,029,066 $4,341,971 $4,346,014 $-312,905
2021 $3,532,470 $4,061,199 $4,562,885 $-528,729
2020 $4,242,476 $3,836,108 $5,009,635 $406,368
2019 $3,773,873 $4,154,086 $4,475,409 $-380,213
2018 $3,497,507 $3,114,595 $4,937,816 $382,912
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