HUTCHINSON, MN
4 risk indicators measuring financial stability and operational resilience
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Sign In — Free (10 views/day)PRINCE OF PEACE SENIOR APTS INC, founded in 1993, is a small nonprofit in the Housing & Shelter sector that reported $750K in total revenue in fiscal year 2023. Expenses of $668K left a modest 11% surplus.
PROVIDE INDEPENDENT SENIOR HOUSING DESIGNED TO CREATE A DIGNIFIED LIFESTYLE WITHIN A SENIOR COMMUNITY. PROVIDE CONVENIENCES AND SERVICES THAT ENHANCE THE QUALITY OF LIFE AND SOCIAL INVOLVEMENT OF EACH COMMUNITY MEMBER.
PRINCE OF PEACE SENIOR LIVING IS A NON-PROFIT ORGANIZATION COMMITTED TO PROVIDING SENIOR CHRISTIAN HOUSING AT MARKET RATE. THIS YEAR POPRL FINISHED WITH 100% OCCUPANCY WITH 23 PEOPLE ON THE WAITING...
PRINCE OF PEACE SENIOR LIVING IS A NON-PROFIT ORGANIZATION COMMITTED TO PROVIDING SENIOR CHRISTIAN HOUSING AT MARKET RATE. THIS YEAR POPRL FINISHED WITH 100% OCCUPANCY WITH 23 PEOPLE ON THE WAITING LIST. THE ORGANIZATION CONTINUES TO MAKE BUILDING UPDATES AND FUNDRAISE. OUR GOAL IS TO FUNDRAISE AND GRANT WRITE IN ORDER TO SUPPLEMENT OUR BUDGET FOR "EXTRAS" WITHOUT TAKING AWAY FROM THE OPERATING BUDGET. THE KITCHEN/HOUSEKEEPING STAFF CONTINUED WITH ADDITIONAL HOUSEKEEPING PRACTICES TO KEEP AREAS SANITARY AND SAFE. THE RESIDENT SERVICES STAFF MEMBER HAS BEEN ABLE TO BRING BACK ALL OF OUR ACTIVITIES ALONG WITH ADDITIONAL OPTIONS AND ENTERTAINMENT SAFELY WHILE ALSO TAKING EXTRA CLEANING PRECAUTIONS. OUR RSS HAD A SUCCESSFUL POPCORN FUNDRAISER THAT PROVIDED FUNDING TO PURCHASE A POPCORN MACHINE, STAND, AND POPCORN FOR RESIDENTS TO ENJOY ON MOVIE DAYS. THE FOOD PROGRAM (OPTIONAL NOON MEAL)CHANGED DUE TO STAFFING SHORTAGES AND WE NOW OFFER THE NOON MEAL 5 DAYS A WEEK, MONDAY THRU FRIDAY, HOLIDAYS INCLUDED. WE HAVE BEEN ABLE TO SERVE ALL OF OUR MEALS IN THE DINING ROOM AND ONLY DELIVERING TO THOSE WHO ARE ILL. THE "SWEET SHOPPE" THAT OFFERS BREAKFAST ITEMS AT A NOMINAL FEE (ALA CARTE) IS OPEN MONDAY THRU FRIDAY AND IS A CHARGE ONLY OPTION TO PREVENT ANY HANDLING OF CASH. OTHER SERVICES ALA CARTE (GENERAL HOUSEKEEPING AND LINEN SERVICE) SAW A SMALL INCREASE LAST YEAR AND ARE STILL NOT USED BY THE MAJORITY. THE ORGANIZATION HAS A CONTINUED PARTNERSHIP WITH ADARA HOME HEALTH CARE IN ORDER TO OFFER THE RESIDENT'S HEALTH RELATED SERVICES. RESIDENTS WHO NEED HEALTH SERVICES CONTRACT SEPARATELY THROUGH THEM. THE ONLY BUILDING CHANGES WERE ADDING LEAF RELIEF TO EXISTING GUTTERS ON THE SOUTH SIDE OF THE EAST EXPANSION, ADDING GUTTERS WITH LEAF RELIEF TO THE EAST SIDE OF THE SOUTH NEIGHBORHOOD AND THE STAND-ALONE GARAGES. WE HAD BEEN STRUGGLING WITH WATER BUILDUP/POOLING IN THESE AREAS ALONG WITH LEAVES CLOGGING GUTTERS AND ADDED THESE ITEMS AS A SOLUTION.
Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency
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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)
Sign In — Free (10 views/day)| 2023 | 2022 | Change | |
|---|---|---|---|
| Revenue | $749,878 | $746,567 | +0.0% |
| Expenses | $667,777 | $677,934 | 0.0% |
| Net Income | $82,101 | $68,633 | +0.2% |
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
Sign In| Name | Title | Hours/Week | Role | Reportable Comp | Other Comp | Total |
|---|---|---|---|---|---|---|
| RENEE BRYAN | DIRECTOR | 2.30 |
Director
|
$0 | $0 | $0 |
| GAIL GILLARD | DIRECTOR | 2.30 |
Director
|
$0 | $0 | $0 |
| SCOTT HAAG | DIRECTOR | 2.30 |
Director
|
$0 | $0 | $0 |
| GARY HAVEMEIER | CHAIRMAN | 2.30 |
Officer
Director
|
$0 | $0 | $0 |
| AL KOGLIN | DIRECTOR | 2.30 |
Director
|
$0 | $0 | $0 |
| JOHN MACEMON | DIRECTOR | 2.30 |
Director
|
$0 | $0 | $0 |
| DANIEL MAHON | VICE CHAIR | 2.30 |
Officer
Director
|
$0 | $0 | $0 |
| CINDY MONS | SECRETARY | 2.30 |
Officer
Director
|
$0 | $0 | $0 |
| MARY SCHAUFLER | TREASURER | 3.00 |
Officer
Director
|
$0 | $0 | $0 |
| Year | Revenue | Expenses | Assets | Net Income |
|---|---|---|---|---|
| 2025 | No data | No data | No data | No data |
| 2024 | No data | No data | No data | No data |
| 2023 | $749,878 | $667,777 | $5,384,546 | $82,101 |
| 2022 | $746,567 | $677,934 | $5,412,592 | $68,633 |
| 2021 | $700,752 | $695,093 | $5,346,390 | $5,659 |
| 2020 | $627,241 | $497,456 | $5,342,247 | $129,785 |
Compare PRINCE OF PEACE SENIOR APTS INC with other nonprofits in Minnesota and across the country.