MINNESOTA MASONIC HOME CLUSTER HOM… - Form 990 Financial Data

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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

1992

Legal Domicile

Principal Officer

ERIC J NEETENBEEK

Phone

9529487000

Tax Period

2023-01-01 to 2023-12-31

MINNESOTA MASONIC HOME CLUSTER HOMES, founded in 1992, is a community nonprofit in the Housing & Shelter sector that reported $1.6M in total revenue in fiscal year 2023. The organization ran a surplus of $444K, a strong 28% operating margin.

Mission

MINNESOTA MASONIC CHARITIES AND AFFILIATES' PRIMARY PURPOSES ARE TO HELP, AID AND ASSIST THE MASONIC FAMILY AND OTHERS, GUIDED BY THE MASONIC PRINCIPLES OF BROTHERLY LOVE, RELIEF AND TRUTH, BY (A) PROVIDING FINANCIAL OR OTHER ASSISTANCE TO NON-PROFIT TAX EXEMPT ENTITIES THAT PROVIDE FACILITIES FOR NURSING CARE AND ELDERLY HOUSING; FACILITIES AND PROGRAMS FOR COMMUNITY, HEALTH, SOCIAL SERVICES AND EDUCATION OF THE ELDERLY; (B) PROMOTING RESEARCH AND ACTIVITIES RELATED TO THE TREATMENT AND CURE OF CANCER, CHILDHOOD LANGUAGE DISORDERS, PHYSICAL, EMOTIONAL AND MENTAL MALADIES OF THE YOUTH; (C) ASSISTING STUDENTS IN OBTAINING HIGHER EDUCATION; (D) THE COLLECTION, PRESERVATION AND DISSEMINATION OF HISTORICAL KNOWLEDGE ABOUT MASONRY IN MINNESOTA; AND (E) TO ENGAGE IN, ADVANCE, SUPPORT, PROMOTE, AND ADMINISTER CHARITABLE CAUSES AND PROJECTS THAT AID, ASSIST, AND CONTRIBUTE TO THE SUPPORT OF CORPORATIONS, TRUSTS, ASSOCIATIONS, AND FOUNDATIONS THAT ARE EXEMPT FROM FEDERAL INCOME TAXES.

Program Service Accomplishments

Program 1

Expenses: $1,131,555 Revenue: $1,523,053

MINNESOTA MASONIC HOME CLUSTER HOMES OWNS AND OPERATES 56 RESIDENTIAL HOUSING UNITS AND PROVIDES A COMPLETE RANGE OF SPECIALIZING LIVING AND CARE SERVICES FOR ELDERLY PERSONS OVER 55 WHO DO NOT...

MINNESOTA MASONIC HOME CLUSTER HOMES OWNS AND OPERATES 56 RESIDENTIAL HOUSING UNITS AND PROVIDES A COMPLETE RANGE OF SPECIALIZING LIVING AND CARE SERVICES FOR ELDERLY PERSONS OVER 55 WHO DO NOT REQUIRE ADMISSION TO A NURSING HOME. THE OCCUPANCY FOR 2023 WAS 99%.

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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 (2023)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $1,523,053

Investment Income $11

Other Revenue $55,648

TOTAL REVENUE $1,578,712

Expense Breakdown

Grants Paid $0

Salaries & Benefits $41,880

Fundraising Expenses $0

Program Expenses $1,131,555

Other Expenses $1,093,060

TOTAL EXPENSES $1,134,940

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,578,712	$1,530,711	+0.0%
Expenses	$1,134,940	$1,157,587	0.0%
Net Income	$443,772	$373,124	+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

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

$714,689

Total Directors

Key Employees

$388,270

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ERIC J NEETENBEEK	PRESIDENT/CEO - CHARITIES	4.00	Officer	$0	$34,208	$464,772
JOHN SCHWIETZ	COO - CHARITIES	4.00	Key Emp	$0	$32,162	$388,270
SUE MORK	CFO - CHARITIES	4.00	Officer	$0	$25,215	$249,917
PAUL C HIMMLER	CHAIR	1.00	Officer Director	$0	$0	$0
JOHN L COOK	VICE CHAIR	1.00	Officer Director	$0	$0	$0
MARY A HANSON	TREASURER	1.00	Officer Director	$0	$0	$0
STEVEN R JOHNSON	SECRETARY	1.00	Director	$0	$0	$0
SHARON BARLOW	WORTHY GRAND MATRON	1.00	Director	$0	$0	$0
DAYTON L BERG	GRAND MASTER	1.00	Director	$0	$0	$0
BARBARA BRIHN	DIRECTOR	1.00	Director	$0	$0	$0
ROBERT L DARLING	DIRECTOR	1.00	Director	$0	$0	$0
ROBERT S DAVIS	SENIOR GRAND WARDEN	1.00	Director	$0	$0	$0
ROBERT L FENDLER	DIRECTOR (THRU APRIL 2023)	1.00	Director	$0	$0	$0
TONY R KRALL	DIRECTOR (THRU APRIL 2023)	1.00	Director	$0	$0	$0
G ROGER MCNEAR III	DIRECTOR (THRU APRIL 2023)	1.00	Director	$0	$0	$0
DAVID E OLSON	DIRECTOR	1.00	Director	$0	$0	$0
JAMES H PROCTOR	DIRECTOR	1.00	Director	$0	$0	$0
MICHAEL S ROSENZWEIG	DIRECTOR	1.00	Director	$0	$0	$0
FOSTER SOLEM	DEPUTY GRAND MASTER	1.00	Director	$0	$0	$0
DAVID S WETHING	DIRECTOR	1.00	Director	$0	$0	$0
PAM J WILLETTE	DIRECTOR (THRU APRIL 2023)	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
2024	No data	No data	No data	No data
2023	$1,578,712	$1,134,940	$6,269,650	$443,772
2022	$1,530,711	$1,157,587	$5,827,899	$373,124
2021	$1,514,297	$1,161,797	$5,500,352	$352,500
2020	$1,481,831	$1,142,768	$5,087,734	$339,063
2019	$1,458,437	$1,130,090	$4,742,476	$328,347
2018	$1,462,017	$1,099,037	$4,502,183	$362,980

MINNESOTA MASONIC HOME CLUSTER HOMES