OAK VIEW APARTMENTS INC

EIN: 411992121 501(c)(3) Housing & Shelter

NEW ULM, MN

Total Revenue
$111,623
Total Expenses
$153,977
Total Assets
$896,875
Net Assets
$821,417
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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
2001
Legal Domicile
MN
Principal Officer
CANDAS SCHOUVIELLER
Phone
5072330800
Tax Period
2023-10-01 to 2024-09-30

OAK VIEW APARTMENTS INC, founded in 2001, is a small nonprofit in the Housing & Shelter sector that reported $112K in total revenue in fiscal year 2023. Expenses of $154K exceeded revenue, resulting in a 38% operating deficit.

Mission

AFFORDABLE HOUSING FOR THE ELDERLY.

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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 $0
Program Service Revenue $111,580
Investment Income $43
Other Revenue $0
TOTAL REVENUE $111,623

Expense Breakdown

Grants Paid $0
Salaries & Benefits $50,145
Fundraising Expenses $0
Program Expenses $122,533
Other Expenses $103,832
TOTAL EXPENSES $153,977

Year-over-Year Comparison

2023 2022 Change
Revenue $111,623 $112,136 0.0%
Expenses $153,977 $148,789 +0.0%
Net Income $-42,354 $-36,653 +0.2%
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
9
Independent Members
9
Employees
N/A
Volunteers
10

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
5
$268,645
Total Directors
9
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
JAY VANCURA PRESIDENT 0.50
Officer Director
$0 $0 $0
MICHELLE MARKGRAF VICE PRESIDENT 0.50
Officer Director
$0 $0 $0
BARB DIETZ SECRETARY/TREASURER 0.50
Officer Director
$0 $0 $0
JUDI NELSON DIRECTOR 0.50
Director
$0 $0 $0
DR ANN VOGEL DIRECTOR 0.50
Director
$0 $0 $0
JEAN GEISTFELD DIRECTOR 0.50
Director
$0 $0 $0
MIKE BOYLE DIRECTOR 0.50
Director
$0 $0 $0
BEN PIESER DIRECTOR 0.50
Director
$0 $0 $0
CAROLYN VARLAND DIRECTOR 0.50
Director
$0 $0 $0
CANDAS SCHOUVIELLER ADMINISTRATOR 2.00
Officer
$0 $31,555 $164,323
LAURA BUECHNER DIRECTOR OF FINANCE 2.00
Officer
$0 $13,130 $104,322
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 $111,623 $153,977 $896,875 $-42,354
2023 $112,136 $148,789 $937,765 $-36,653
2022 $98,861 $140,115 $963,157 $-41,254
2021 $103,769 $141,160 $997,904 $-37,391
2020 $101,948 $132,228 $1,009,992 $-30,280
2019 $94,520 $113,322 $1,039,753 $-18,802
2018 $95,702 $116,692 $1,057,090 $-20,990
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