NOAHS ARK AFFORDABLE HOUSING INC

EIN: 411777250 501(c)(3) Housing & Shelter

ROSEVILLE, MN

Total Revenue
$2,135,325
Total Expenses
$1,514,751
Total Assets
$7,906,248
Net Assets
$4,291,186
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1994
Legal Domicile
MN
Principal Officer
JONATHAN FLETCHER
Phone
6516316162
Tax Period
2023-10-01 to 2024-09-30

NOAHS ARK AFFORDABLE HOUSING INC, founded in 1994, is a community nonprofit in the Housing & Shelter sector that reported $2.1M in total revenue in fiscal year 2023. Revenue grew 10% year-over-year, indicating healthy expansion. The organization ran a surplus of $621K, a strong 29% operating margin.

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: $1,165,033 Revenue: $1,965,021

NOAH'S ARK AFFORDABLE HOUSING, INC. IS LOCATED IN SPRING LAKE PARK, MINNESOTA. IT HAS 110 INDEPENDENT SENIOR LIVING APARTMENTS. ASSISTED LIVING SERVICES WERE PROVIDED, IF NEEDED, THROUGH NOVEMBER...

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NOAH'S ARK AFFORDABLE HOUSING, INC. IS LOCATED IN SPRING LAKE PARK, MINNESOTA. IT HAS 110 INDEPENDENT SENIOR LIVING APARTMENTS. ASSISTED LIVING SERVICES WERE PROVIDED, IF NEEDED, THROUGH NOVEMBER 2018. IT HAS BEEN AN INDEPENDENT LIVING ONLY BUILDING SINCE DECEMBER 2018.

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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 (2023)

Revenue Breakdown

Contributions & Grants $6,287
Program Service Revenue $1,965,021
Investment Income $145,296
Other Revenue $18,721
TOTAL REVENUE $2,135,325

Expense Breakdown

Grants Paid $0
Salaries & Benefits $264,588
Fundraising Expenses $0
Program Expenses $1,165,033
Other Expenses $1,250,163
TOTAL EXPENSES $1,514,751

Year-over-Year Comparison

2023 2022 Change
Revenue $2,135,325 $1,933,821 +0.1%
Expenses $1,514,751 $1,501,252 +0.0%
Net Income $620,574 $432,569 +0.4%
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
3
Independent Members
N/A
Employees
N/A
Volunteers
34

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
3
$1,886,028
Total Directors
3
$1,886,028
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
DAN LINDH BOARD CHAIR/CEO 1.00
Officer Director
$0 $26,250 $1,089,847
MARK MEYER SEC/TREAS/CFO 1.00
Officer Director
$0 $21,646 $500,746
JONATHAN FLETCHER VP DEVELOPMENT 1.00
$0 $28,580 $408,664
MARK PEDERSON BRD VICE CHAIR 1.00
Officer Director
$0 $21,854 $295,435
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 $2,135,325 $1,514,751 $7,906,248 $620,574
2023 $1,933,821 $1,501,252 $7,576,865 $432,569
2022 $1,633,810 $1,553,670 $7,451,326 $80,140
2021 $1,761,786 $1,542,014 $7,788,549 $219,772
2020 $1,735,158 $1,557,930 $7,907,654 $177,228
2019 $1,623,329 $1,754,770 $7,937,946 $-131,441
2018 $2,164,888 $2,078,648 $8,309,625 $86,240
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