LW FRASER INDEPENDENT LIVING PROJECT II INC LYNDALE COURT

EIN: 411627417 501(c)(3)

RICHFIELD, MN

Total Revenue
$396,640
Total Expenses
$349,445
Total Assets
$633,731
Net Assets
$-527,270
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1988
Legal Domicile
MN
Principal Officer
DIANE S CROSS
Phone
6128611688
Tax Period
2024-01-01 to 2024-12-31

LW FRASER INDEPENDENT LIVING PROJECT II INC LYNDALE COURT, founded in 1988, is a small nonprofit that reported $397K in total revenue in fiscal year 2024. Expenses of $349K left a modest 12% surplus.

Mission

TO OPERATE AN APARTMENT COMPLEX FOR PERSONS WITH DEVELOPMENTAL DISABILITIES AND VERY LOW INCOME IN BLOOMINGTON, MINNESOTA, AS HUD PROJECT NO. 092-11228.

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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 $394,842
Investment Income $146
Other Revenue $1,652
TOTAL REVENUE $396,640

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $286,585
Other Expenses $349,445
TOTAL EXPENSES $349,445

Year-over-Year Comparison

2024 2023 Change
Revenue $396,640 $372,937 +0.1%
Expenses $349,445 $358,083 0.0%
Net Income $47,195 $14,854 +2.2%
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
6
Independent Members
5
Employees
N/A
Volunteers
5

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
9
$866,477
Total Directors
8
$565,767
Key Employees
0
$0
Highest Compensated
5
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
DIANE CROSS CEO/SECRETARY 0.10
Officer Director
$1,298 $24,357 $565,767
RICK FERRIS BOARD CHAIR 0.10
Officer Director
$0 $0 $0
RANDY PATTEE VICE CHAIR/TREASURER 0.10
Officer Director
$0 $0 $0
DR ARMANTINA ESPINOSA VICE CHAIR 0.10
Officer Director
$0 $0 $0
DR KRISHNAN SUBRAHMANIAN VICE CHAIR 0.10
Officer Director
$0 $0 $0
GRETCHEN CUDAK VICE CHAIR 0.10
Officer Director
$0 $0 $0
KEITH KLEIN FORMER BOARD CHAIR 0.10
Officer Director
$0 $0 $0
PETER ROBB FORMER VICE CHAIR/TREASURER 0.10
Officer Director
$0 $0 $0
JAMES OLSON CFO 0.10
Officer
$704 $7,359 $300,710
ELIF MCCAIN CHIEF ADMINISTRATIVE OFFICER 0.00
Highest
$0 $20,122 $210,968
KIMBERLY KLEIN DIRECTOR OF NEUROPSYCHOLOGY 0.00
Highest
$0 $10,469 $192,586
PATRICIA PULICE CHIEF CLINICAL OFFICER 0.00
Highest
$0 $4,523 $185,169
MATT CHIODO VP OF INFORMATION TECHNOLOGY 0.10
Highest
$376 $17,752 $174,883
NANCY BALDRICA CHIEF MARKETING & DEVELOPMENT OFFICER 0.10
Highest
$399 $3,017 $169,195
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 $396,640 $349,445 $633,731 $47,195
2023 $372,937 $358,083 $629,666 $14,854
2022 $363,580 $370,490 $650,841 $-6,910
2021 $358,858 $346,514 $655,234 $12,344
2020 $342,037 $346,718 $659,150 $-4,681
2019 $325,713 $338,210 $738,964 $-12,497
2018 $299,607 $325,957 $694,718 $-26,350
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