ST PAUL, MN
4 risk indicators measuring financial stability and operational resilience
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Sign In — Free (10 views/day)ELDERS LODGE CORPORATION, founded in 1995, is a micro nonprofit in the Housing & Shelter sector that reported $82K in total revenue in fiscal year 2024. Revenue fell 83% from the prior year — a significant decline worth monitoring. Expenses of $124K exceeded revenue, resulting in a 52% operating deficit.
TO PROVIDE ELDERLY OR DISABLED PERSONS WITH HOUSING FACILITIES AND SERVICES SPECIFICALLY DESIGNED TO MEET THEIR PHYSICAL, SOCIAL, AND PSYCHOLOGICAL NEEDS, AND TO PROMOTE THEIR HEALTH, SECURITY, HAPPINESS AND USEFULNESS IN LONGER LIVING.
ELDERS LODGE CORPORATION (THE ORGANIZATION) IS A NON-PROFIT CORPORATION, WHICH OPERATES A 43-UNIT APARTMENT COMPLEX UNDER SECTION 202 OF THE NATIONAL HOUSING ACT. THE COMPLEX, WHICH IS LOCATED IN...
ELDERS LODGE CORPORATION (THE ORGANIZATION) IS A NON-PROFIT CORPORATION, WHICH OPERATES A 43-UNIT APARTMENT COMPLEX UNDER SECTION 202 OF THE NATIONAL HOUSING ACT. THE COMPLEX, WHICH IS LOCATED IN SAINT PAUL, MINNESOTA, BEGAN RENTAL OPERATIONS IN APRIL 1997. THIS ORGANIZATION IS REGULATED BY THE U.S. DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT (HUD) AS TO RENT CHARGES AND OPERATING METHODS AND PARTICIPATES IN THE HUD RENT SUPPLEMENT PROGRAM. THE ORGANIZATION'S MAJOR PROGRAM IS ITS SECTION 202 CAPITAL ADVANCE.THE ORGANIZATION IS SUBJECT TO PROJECT RENTAL ASSISTANCE CONTRACT AGREEMENTS WITH HUD, AND A SIGNIFICANT PORTION OF THE ORGANIZATION'S RENTAL INCOME IS RECEIVED FROM HUD. PROJECT RENTAL ASSISTANCE CONTRACT MN46-S941-002 EXPIRES MARCH 31ST, 2028. HUD HAS AGREED TO PAY THE DIFFERENCE BETWEEN THE CONTRACT RENT, AS DEFINED IN THE AGREEMENT, AND THAT PORTION OF RENT PAYABLE BY QUALIFIED TENANTS. THE ORGANIZATION'S NON-MAJOR PROGRAM IS ITS PROJECT RENTAL ASSISTANCE, HOWEVER, FOR FEDERAL AWARDS COMPLIANCE PURPOSES THIS PROGRAM IS INCLUDED AS A MAJOR PROGRAM.
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)| 2024 | 2023 | Change | |
|---|---|---|---|
| Revenue | $82,152 | $474,668 | -0.8% |
| Expenses | $124,464 | $574,823 | -0.8% |
| Net Income | $-42,312 | $-100,155 | -0.6% |
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 |
|---|---|---|---|---|---|---|
| SUZANNE NASH | PRESIDENT | 1.00 |
Officer
Director
|
$0 | $0 | $0 |
| IVY RASMUSSON | VICE PRESIDENT | 1.00 |
Officer
Director
|
$0 | $0 | $0 |
| PAM GOKEY | SECRETARY/TREASURER | 1.00 |
Officer
Director
|
$0 | $0 | $0 |
| SARAH ANDERSON | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| NELDA GOODMAN | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| CAROL HERNANDEZ | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| REBECCA NELSON | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| Year | Revenue | Expenses | Assets | Net Income |
|---|---|---|---|---|
| 2024 | $82,152 | $124,464 | $2,074,259 | $-42,312 |
| 2023 | $474,668 | $574,823 | $2,084,643 | $-100,155 |
| 2022 | $441,335 | $594,235 | $2,152,950 | $-152,900 |
| 2021 | $454,497 | $531,719 | $2,296,762 | $-77,222 |
| 2020 | $432,399 | $492,592 | $2,374,844 | $-60,193 |
| 2019 | $446,077 | $519,009 | $2,440,266 | $-72,932 |
| 2018 | $448,134 | $498,635 | $2,507,635 | $-50,501 |
Compare ELDERS LODGE CORPORATION with other nonprofits in Minnesota and across the country.