BRAINERD SOUTH HOUSING GROUP INC C… - 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

1995

Legal Domicile

Principal Officer

MICHAEL DUVAL

Phone

2188243423

Tax Period

2024-01-01 to 2024-12-31

BRAINERD SOUTH HOUSING GROUP INC C/O KAREN YOUNG, founded in 1995, is a small nonprofit in the Housing & Shelter sector that reported $398K in total revenue in fiscal year 2024. Expenses of $378K left a modest 5% surplus.

Mission

TO PROVIDE LOW INCOME HOUSING UNDER SECTION 236 OF THE NATIONAL HOUSING ACT, REGULATED BY THE U.S. DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT.

Program Service Accomplishments

Program 1

Expenses: $335,459 Revenue: $352,714

BRAINERD SOUTH HOUSING GROUP, INC. WAS ORGANIZED TO ACQUIRE BRAINERD SOUTH APARTMENTS, BRAINERD, MINNESOTA, A 60-UNIT APARTMENT COMPLEX OPERATED UNDER SECTION 236 OF THE NATIONAL HOUSING ACT AND...

BRAINERD SOUTH HOUSING GROUP, INC. WAS ORGANIZED TO ACQUIRE BRAINERD SOUTH APARTMENTS, BRAINERD, MINNESOTA, A 60-UNIT APARTMENT COMPLEX OPERATED UNDER SECTION 236 OF THE NATIONAL HOUSING ACT AND REGULATED BY THE U.S. DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT (HUD) WITH RESPECT TO RENTAL CHARGES AND OPERATING METHODS.

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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 (2024)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $352,714

Investment Income $27,641

Other Revenue $17,786

TOTAL REVENUE $398,141

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $335,459

Other Expenses $377,504

TOTAL EXPENSES $377,504

Year-over-Year Comparison

	2024	2023	Change
Revenue	$398,141	$372,696	+0.1%
Expenses	$377,504	$356,617	+0.1%
Net Income	$20,637	$16,079	+0.3%

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MICHAEL DUVAL	PRESIDENT	0.50	Officer Director	$0	$0	$0
BEKAH KENT-EHLEBRACHT	VICE PRESIDENT	0.50	Officer Director	$0	$0	$0
SHAUN STANICH	SECRETARY/TREASURER	0.50	Officer Director	$0	$0	$0
MELISSA WILLIS	DIRECTOR	0.50	Director	$0	$0	$0
PATRICK WUSSOW	DIRECTOR	0.50	Director	$0	$0	$0

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	$398,141	$377,504	$1,793,184	$20,637
2023	$372,696	$356,617	$1,757,154	$16,079
2022	$348,821	$349,414	$1,745,455	$-593
2021	$335,729	$335,468	$1,742,660	$261
2020	$331,995	$329,734	$1,734,836	$2,261
2019	$321,341	$299,132	$1,731,146	$22,209
2018	$310,704	$304,495	$1,708,138	$6,209

BRAINERD SOUTH HOUSING GROUP INC C/O KAREN YOUNG