GOOD SHEPHERD SENIOR APARTMENTS

EIN: 411757528 501(c)(3) Housing & Shelter

RUSHFORD, MN

Total Revenue
$214,313
Total Expenses
$178,563
Total Assets
$1,446,538
Net Assets
$1,425,747
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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
1993
Legal Domicile
MN
Principal Officer
JACK CULHANE
Phone
5078647714
Tax Period
2024-10-01 to 2025-09-30

GOOD SHEPHERD SENIOR APARTMENTS, founded in 1993, is a small nonprofit in the Housing & Shelter sector that reported $214K in total revenue in fiscal year 2024. The organization ran a surplus of $36K, a strong 17% operating margin.

Mission

TO PROVIDE LOW INCOME HOUSING FOR THE ELDERLY OR HANDICAPPED.

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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 $206,431
Investment Income $7,882
Other Revenue $0
TOTAL REVENUE $214,313

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $137,004
Other Expenses $178,563
TOTAL EXPENSES $178,563

Year-over-Year Comparison

2024 2023 Change
Revenue $214,313 $215,235 0.0%
Expenses $178,563 $179,488 0.0%
Net Income $35,750 $35,747 +0.0%
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

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Governance

Voting Members
9
Independent Members
9
Employees
N/A
Volunteers
9

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
5
$195,333
Total Directors
9
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
JACK CULHANE PRESIDENT 1.50
Officer Director
$0 $0 $0
NANCY SNYDER VICE PRESIDENT 0.19
Officer Director
$0 $0 $0
BARB ZOELLE-JOHNSON SECRETARY/TREASURER 0.19
Officer Director
$0 $0 $0
SONJA COOK DIRECTOR 0.19
Director
$0 $0 $0
RANDY BENSON DIRECTOR 1.50
Director
$0 $0 $0
KATHIE INGRAM DIRECTOR 1.50
Director
$0 $0 $0
WENDY EBNER DIRECTOR 1.50
Director
$0 $0 $0
JUDI PRONK DIRECTOR 1.50
Director
$0 $0 $0
DEAN HATLEVIG DIRECTOR 1.50
Director
$0 $0 $0
SAMANTHA COLBENSON ADMINISTRATOR 10.00
Officer
$0 $2,298 $102,057
RHONDA SPECE CHIEF FINANCIAL OFFICER 10.00
Officer
$0 $14,331 $93,276
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
2025 $214,313 $178,563 $1,446,538 $35,750
2024 $215,235 $179,488 $1,381,903 $35,747
2023 $214,441 $177,624 $1,282,028 $36,817
2022 $210,807 $182,427 $1,219,282 $28,380
2021 $204,249 $192,469 $1,314,749 $11,780
2020 $234,363 $197,150 $1,284,457 $37,213
2019 $248,554 $214,949 $1,297,449 $33,605
2018 $235,571 $197,767 $1,300,567 $37,804
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