CENTENNIAL SQUARE C/O SUNRISE VILL… - 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

1996

Legal Domicile

Principal Officer

MICHELLE HAEFNER

Phone

3202359532

Tax Period

2023-10-01 to 2024-09-30

CENTENNIAL SQUARE C/O SUNRISE VILLAGE, founded in 1996, is a small nonprofit in the Housing & Shelter sector that reported $206K in total revenue in fiscal year 2023. Revenue fell 43% from the prior year — a significant decline worth monitoring. Expenses of $245K exceeded revenue, resulting in a 19% operating deficit.

Mission

SERVING OTHERS TOGETHER IN FAITH, COMMUNITY AND LIFE.

Program Service Accomplishments

Program 1

Expenses: $151,483 Revenue: $204,532

CENTENNIAL SQUARE OPERATES A 39-UNIT APARTMENT BUILDING FOR THE VERY LOW INCOME ELDERLY AND DISABLED PERSONS WHO MEET THE STANDARDS AS SET BY HUD. THE HOUSING IS LOCATED IN WILLMAR, MN. EACH...

CENTENNIAL SQUARE OPERATES A 39-UNIT APARTMENT BUILDING FOR THE VERY LOW INCOME ELDERLY AND DISABLED PERSONS WHO MEET THE STANDARDS AS SET BY HUD. THE HOUSING IS LOCATED IN WILLMAR, MN. EACH APARTMENT INCLUDES ONE BEDROOM, BATHROOM, A KITCHEN, AND LIVING ROOM. THE BUILDING INCLUDES SPACIOUS COMMUNITY SPACES AND COIN-FREE LAUNDRY FACILITIES. CENTENNIAL SQUARE OFFERS MANY OPPORTUNITIES FOR SOCIALIZATION INCLUDING OUTINGS, SPECIAL MEAL EVENTS, AND GAMES. CENTENNIAL SQUARE HAS ENJOYED 99.2% OCCUPANCY, SERVING 40 PEOPLE, IN FISCAL YEAR ENDING SEPTEMBER 30,2024.

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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 $204,532

Investment Income $1,021

Other Revenue $0

TOTAL REVENUE $205,553

Expense Breakdown

Grants Paid $0

Salaries & Benefits $39,179

Fundraising Expenses $0

Program Expenses $151,483

Other Expenses $205,384

TOTAL EXPENSES $244,563

Year-over-Year Comparison

	2023	2022	Change
Revenue	$205,553	$363,314	-0.4%
Expenses	$244,563	$253,404	0.0%
Net Income	$-39,010	$109,910	-1.4%

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

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

$798,568

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MYRON BEHM	VICE CHAIR	0.10	Officer Director	$0	$0	$0
SHERRI POOL	SECRETARY	0.10	Officer Director	$0	$0	$0
ROGER AHRENHOLZ	CHAIR	0.10	Officer Director	$0	$0	$0
LUTHER DYKEMA	TREASURER	0.10	Officer Director	$0	$0	$0
JULIE KVEENE	DIRECTOR	0.10	Director	$0	$0	$0
KAREN TUSHA MOHLIN	DIRECTOR	0.10	Director	$0	$0	$0
PASTOR DEAN JOHNSON	DIRECTOR	0.10	Director	$0	$0	$0
DAVID GEHANT	DIRECTOR	0.10	Director	$0	$0	$0
MICHAEL GILSON	DIRECTOR	0.10	Director	$0	$0	$0
JOAN BLONIGAN CHRISTIANSON	DIRECTOR	0.10	Director	$0	$0	$0
CHERYL JOHNSON	DIRECTOR	0.10	Director	$0	$0	$0
DR BETTY STREHLOW	DIRECTOR	0.10	Director	$0	$0	$0
MICHELLE HAEFNER	CEO	8.00	Officer	$0	$42,961	$362,825
TAMALA GJERDE	FINANCE DIRECTOR	8.00	Officer	$0	$28,301	$119,929
ASHLEY BORMANN	COO	8.00	Officer	$0	$1,900	$13,695
TROY PEDERSON	VP OF SENIOR HOUSING	8.00	Officer	$0	$3,431	$134,531
SAM QUAM	ADMINISTRATOR/VP OF OPERATIONS	8.00	Officer	$0	$35,990	$167,588

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	No data	No data	No data	No data
2024	$205,553	$244,563	$1,186,621	$-39,010
2023	$363,314	$253,404	$1,223,947	$109,910
2022	$198,291	$229,883	$1,157,260	$-31,592
2021	$199,969	$217,520	$1,145,322	$-17,551
2020	$196,274	$238,112	$1,176,520	$-41,838
2019	$195,180	$227,081	$1,204,492	$-31,901
2018	$194,894	$238,406	$1,257,685	$-43,512

CENTENNIAL SQUARE C/O SUNRISE VILLAGE