CENTER PARK SENIOR APARTMENTS 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

1991

Legal Domicile

Principal Officer

MARK MEYER

Phone

6516316162

Tax Period

2020-10-01 to 2021-09-30

CENTER PARK SENIOR APARTMENTS INC, founded in 1991, is a community nonprofit that reported $3.1M in total revenue in fiscal year 2020. Expenses of $3.5M exceeded revenue, resulting in a 14% operating deficit.

Mission

THE MISSION OF THE ORGANIZATION IS TO HONOR GOD BY ENRICHING THE LIVES AND TOUCHING THE HEARTS OF OLDER ADULTS.

Program Service Accomplishments

Program 1

Expenses: $3,122,033 Revenue: $2,688,924

THE ORGANIZATION LOCATED IN BROOKLYN CENTER, MINNESOTA CONSISTS OF 63 ASSISTED LIVING SENIOR HOUSING APARTMENTS AND 34 INDEPENDENT LIVING

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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 (2020)

Revenue Breakdown

Contributions & Grants $389,522

Program Service Revenue $2,688,924

Investment Income $3,617

Other Revenue $14,513

TOTAL REVENUE $3,096,576

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,647,236

Fundraising Expenses $0

Program Expenses $3,122,033

Other Expenses $1,891,476

TOTAL EXPENSES $3,538,712

Year-over-Year Comparison

	2020	2019	Change
Revenue	$3,096,576	$3,151,911	0.0%
Expenses	$3,538,712	$3,533,803	+0.0%
Net Income	$-442,136	$-381,892	+0.2%

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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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

N/A

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

$1,399,580

Total Directors

$1,742,335

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DAN LINDH	BOARD CHAIR/CEO	1.00	Officer Director	$0	$23,520	$930,623
MARK MEYER	SEC/TREAS/CFO	1.00	Officer Director	$0	$26,889	$468,957
JONATHAN FLETCHER	VP DEVELOPMENT	1.00		$0	$19,912	$349,127
TERESA LARSON	SVP HUMAN RESOURCES	1.00		$0	$19,241	$343,740
DUANE LARSON	SVP OPERATIONS	1.00	Director	$0	$26,889	$342,755

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
2021	$3,096,576	$3,538,712	No data	$-442,136
2020	$3,151,911	$3,533,803	$12,152,580	$-381,892
2019	$3,050,430	$3,486,427	$12,359,916	$-435,997
2018	$2,575,642	$3,399,943	$12,854,850	$-824,301