Civic Intelligence

Community Housing & Service Corporation

EIN 41-0982770 • 501(c)3 • St Louis Park, MN

Profile

Sholom is a not-for-profit organization providing a broad continuum of residential, social service, and health care services primarily for older adults and within a jewish environment.

3620 Phillips ParkwaySt Louis Park, MN 55426

www.sholom.com

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

78th percentile

0.55x

Higher debt load relative to assets than 78% of similar nonprofits.

501(c)3 • $10M-$25M nonprofits • Source year 2024

Liabilities / Revenue

92nd percentile

3.33x

Higher debt load relative to revenue than 92% of similar nonprofits.

501(c)3 • $10M-$25M nonprofits • Source year 2024

Net Margin

26th percentile

-4.1%

Higher net margin than 26% of similar nonprofits.

501(c)3 • $10M-$25M nonprofits • Source year 2024

Top Officer Pay

87th percentile

$419,730

Higher top officer pay than 87% of similar nonprofits.

Top officer pay equals 11.1% of source-year revenue.

501(c)3 • $10M-$25M nonprofits • Source year 2024

Asset Growth

30th percentile

-1.0%

Faster asset growth than 30% of similar nonprofits.

501(c)3 • $10M-$25M nonprofits • Annualized from 2023 to 2024

Revenue Growth

51st percentile

7.8%

Faster revenue growth than 51% of similar nonprofits.

501(c)3 • $10M-$25M nonprofits • Annualized from 2023 to 2024

Balance Sheet
Liabilities / Assets78th percentile

Assets

Down

$22,880,602

Down $228,079 (-1.0%) from 2023

Liabilities

Down

$12,624,088

Down $86,279 (-0.7%) from 2023

Net Assets

Down

$10,256,514

Down $141,800 (-1.4%) from 2023

Operations
Liabilities / Revenue92nd percentileNet Margin26th percentile

Revenue

Up

$3,795,569

Up $275,349 (+7.8%) from 2023

Expenses

Up

$3,949,492

Up $195,806 (+5.2%) from 2023

Net Income

Up

-$153,923

Up $79,543 (+34%) from 2023

Trend Graphs

Balance Sheet Trend

Asset Growth30th percentile

Grouped bars show assets, liabilities, and net assets across loaded filings.

$30M$20M$10M$0-$10MAssets 2010: $13,672,055Liabilities 2010: $14,537,926Net Assets 2010: -$865,8712010Assets 2011: $14,109,252Liabilities 2011: $14,844,365Net Assets 2011: -$735,1132011Assets 2012: $14,233,780Liabilities 2012: $14,890,591Net Assets 2012: -$656,8112012Assets 2013: $14,379,413Liabilities 2013: $14,240,766Net Assets 2013: $138,6472013Assets 2014: $14,476,578Liabilities 2014: $14,036,355Net Assets 2014: $440,2232014Assets 2015: $14,754,633Liabilities 2015: $14,041,158Net Assets 2015: $713,4752015Assets 2016: $15,051,302Liabilities 2016: $13,947,998Net Assets 2016: $1,103,3042016Assets 2017: $15,010,280Liabilities 2017: $13,290,783Net Assets 2017: $1,719,4972017Assets 2018: $15,551,049Liabilities 2018: $13,192,780Net Assets 2018: $2,358,2692018Assets 2019: $17,009,401Liabilities 2019: $12,967,085Net Assets 2019: $4,042,3162019Assets 2020: $20,308,685Liabilities 2020: $12,843,643Net Assets 2020: $7,465,0422020Assets 2021: $22,704,547Liabilities 2021: $13,713,999Net Assets 2021: $8,990,5482021Assets 2022: $22,699,759Liabilities 2022: $12,814,561Net Assets 2022: $9,885,1982022Assets 2023: $23,108,681Liabilities 2023: $12,710,367Net Assets 2023: $10,398,3142023Assets 2024: $22,880,602Liabilities 2024: $12,624,088Net Assets 2024: $10,256,5142024

Highlighted filing

2024

Assets$22,880,602
Liabilities$12,624,088
Net Assets$10,256,514
Open 2024 Filing

Operations Trend

Revenue Growth51st percentile

Revenue, expenses, and net income by year, with the latest filing highlighted.

$6.0M$4.0M$2.0M$0-$2.0MExpenses 2010: $3,212,8022010Expenses 2011: $3,236,0362011Expenses 2012: $3,276,7372012Revenue 2013: $3,472,264Expenses 2013: $3,290,375Net Income 2013: $181,8892013Revenue 2014: $3,648,835Expenses 2014: $3,530,499Net Income 2014: $118,3362014Revenue 2015: $3,731,831Expenses 2015: $3,438,185Net Income 2015: $293,6462015Revenue 2016: $3,861,803Expenses 2016: $3,639,630Net Income 2016: $222,1732016Revenue 2017: $3,834,815Expenses 2017: $3,636,488Net Income 2017: $198,3272017Revenue 2018: $4,076,951Expenses 2018: $3,774,611Net Income 2018: $302,3402018Revenue 2019: $3,948,032Expenses 2019: $3,686,696Net Income 2019: $261,3362019Revenue 2020: $3,799,644Expenses 2020: $3,552,515Net Income 2020: $247,1292020Revenue 2021: $3,760,521Expenses 2021: $3,645,394Net Income 2021: $115,1272021Revenue 2022: $3,432,116Expenses 2022: $3,518,354Net Income 2022: -$86,2382022Revenue 2023: $3,520,220Expenses 2023: $3,753,686Net Income 2023: -$233,4662023Revenue 2024: $3,795,569Expenses 2024: $3,949,492Net Income 2024: -$153,9232024

Highlighted filing

2024

Revenue$3,795,569
Expenses$3,949,492
Net Income-$153,923
Open 2024 Filing

Filings

Most recent year

2024 • Form 990Facts available. Structured filing facts are available, but richer extracted sections are limited.

Open filing
Assets
$22,880,602
Liabilities
$12,624,088
Net assets
$10,256,514
Revenue
$3,795,569
Expenses
$3,949,492
Net income
-$153,923
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$22.9$12.6$10.3$3.80$3.95$0.15
2023XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$23.1$12.7$10.4$3.52$3.75$0.23
2022Facts available. Structured filing facts are available, but richer extracted sections are limited.$22.7$12.8$9.89$3.43$3.52$0.09
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$22.7$13.7$8.99$3.76$3.65$0.12
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$20.3$12.8$7.47$3.80$3.55$0.25
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$17.0$13.0$4.04$3.95$3.69$0.26
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$15.6$13.2$2.36$4.08$3.77$0.30
2017Facts available. Structured filing facts are available, but richer extracted sections are limited.$15.0$13.3$1.72$3.83$3.64$0.20
2016XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$15.1$13.9$1.10$3.86$3.64$0.22
2015XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$14.8$14.0$0.71$3.73$3.44$0.29
2014XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$14.5$14.0$0.44$3.65$3.53$0.12
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$14.4$14.2$0.14$3.47$3.29$0.18
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$14.2$14.9$0.66$3.28
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$14.1$14.8$0.74$3.24
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$13.7$14.5$0.87$3.21
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Oct 1, 2023 to Sep 30, 2024
Signed
Jul 30, 2025
Return Version
2023v6.0
Gross Receipts
$3,798,912
Mission and Program Overview

Mission

Sholom is a not-for-profit organization providing a broad continuum of residential, social service, and health care services primarily for older adults and within a jewish environment.

Provide housing to the elderly.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$10,714,547$9,831,335▼ $883,212
Savings and Temporary Cash Investments$1,375,913$5,061,183▲ $3,685,270
Cash and Non-Interest-Bearing Accounts$238,133$195,545▼ $42,588
Accounts Receivable$9,466$20,601▲ $11,135
Prepaid Expenses and Deferred Charges$10,317$9,370▼ $947
Total Assets$23,108,681$22,880,602▼ $228,079
Other Assets Total$10,760,305$7,762,568▼ $2,997,737
Liabilities
Tax Exempt Bond Liabilities$12,083,449$12,106,336▲ $22,887
Accounts Payable and Accrued Expenses$481,091$360,453▼ $120,638
Escrow Account Liability$105,336$92,703▼ $12,633
Other Liabilities$1,843$53,047▲ $51,204
Deferred Revenue$38,648$11,549▼ $27,099
Total Liabilities$12,710,367$12,624,088▼ $86,279
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$10,398,314$10,256,514▼ $141,800
Total Net Assets Fund Balance$10,398,314$10,256,514▼ $141,800
Total Liabilities and Net Assets / Fund Balance$23,108,681$22,880,602▼ $228,079

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$8,052,560$16,706,955$24,759,515
Equipment$828,775$1,915,693$2,744,468
Land$950,000-$950,000
Other Assets Org$6,032,966--
Compensation and Service Providers
Top Officer Pay87th percentile

Board Members and Trustees

NameTitle
David NirensteinPresident
Bob Meiches MdVice President
Doug WeissmanDirector
Jeremy PierottiDirector
Jerry RudickDirector
Jon StoneDirector
Kim WolsonDirector
Linda SteinDirector
Lisa FurmanDirector
Marc SalitaDirector
Mike ResigDirector
Paul Schanfield MdDirector
Scott SeilerDirector
Sheryl RutzickDirector
Sonia UngermanDirector
Lisa EdstromDirector- Thru 1/30/2024
Barb KlickCEO
Jim NewbroughCEO
David BerrymanCFO
Ann TholeCOO
Layne RosenSecretary
Renee LampertTreasurer

Highest Paid Contractors

ContractorServicesLocationCompensation
Weinberg BrothersDietary Services4224 MINNETOKNA BLVD, St Louis Park, MN 55416$291,278
Sholom Community AllianceManagement Services3620 PHILLIPS PARKWAY, St Louis Park, MN 55426$245,607
Revenue and Support

Revenue Composition

Contributions and Grants
$125,725
Program Service Revenue
$2,891,666
Investment Income
$420,983
Other Revenue
$357,195
All Other Contributions
$124,754
Change in Net Assets
$-153,923

Audited Revenue Reconciliation

Revenue per Audited Statements
$3,795,569
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$1,583
Total Revenue per Audited Statements
$3,797,152
Total Revenue per Form 990
$3,795,569
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$3,391,244
Salaries, Compensation, and Employee Benefits$558,248
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Depreciation Depletion$1,159,011$1,450-$1,160,461
Fees for Services Other$549,494$687-$550,181
Interest$546,654$684-$547,338
Occupancy$505,661$633-$506,294
Other Salaries and Wages$214,493$246,979-$461,472
Fees for Services Management-$286,369-$286,369
Insurance$86,137$108-$86,245
Office Expenses$51,186$18,103-$69,289
Other Employee Benefits$44,797$56-$44,853
Payroll Taxes$19,752$22,743-$42,495
All Other Expenses$7,028$23,722-$30,750
Other Expenses$20,721$18,375-$18,375
Advertising$13,586$2,925-$16,511
Pension Plan Contributions$4,382$5,046-$9,428
Conferences and Meetings-$2,495-$2,495
Fees for Services Legal-$2,025-$2,025
Travel-$187-$187
Total Functional Expenses$3,296,408$653,084$0$3,949,492

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$3,951,106
Expenses per Audited Statements$3,949,492
Total Expenses per Form 990$3,949,492
Expenses Not Reported on Form 990$1,614
Expenses Not Reported on Financial Statements$0
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Due to Affiliates$53,047

Bond Issues

BondIssuerIssuedIssue PricePurpose
ACity of St Louis Park2005-10-01$12,300,000Refund series 1995 bonds & finance certain capital improvements.

Bond Proceeds

BondTotal ProceedsSpentRetiredIssuance Costs
A$12,300,000$3,954,372-$611,657

Bond Financing Compliance

No rebate due
Yes
Rebate not yet due
No
Form 8038-T filed
No
Gross proceeds invested
No
Gross proceeds invested in GIC
No
Exception to rebate
No
Corrective action procedures
Yes
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
Yes
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
No
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
Yes
Key decisions subject to board approval
Yes
Management duties delegated
Yes

Governance Explanations

Form 990, Part VI, Section A, Line 1A

“The budget and finance committee has been delegated the authority to approve the 990 tax return on behalf of the board of directors.”

Form 990, Part VI, Section A, Line 2

“David nirenstein and renee lampert - family relationship”

Form 990, Part VI, Section A, Line 3

“Sholom community alliance corporate charges a management fee to all of the affiliated entities for administrative and general services. The management fees on the affiliated entities are revenue to sholom community alliance. These transactions are eliminated in the consolidated financial statements.”

Form 990, Part VI, Section A, Line 6

“Sholom community alliance is the sole member of community housing and service corporation.”

Form 990, Part VI, Section A, Line 7A

“The directors are elected at the annual meeting of the sole member, sholom community alliance. The board members of sholom community alliance have elected themselves to be the board of directors of community housing and service corporation.”

Form 990, Part VI, Section A, Line 7B

“Amendments to the articles of incorporation and bylaws require the approval of the board of directors of sholom community alliance.”

Form 990, Part VI, Section B, Line 11B

“The form 990 tax return was reviewed by management in detail, reviewed and approved by a subcommittee of the board of directors, and provided to the full board of directors electronically prior to filing.”

Form 990, Part VI, Section B, Line 12C

“Board members and employees sign for receipt of policy which covers all employees and officers. Compliance is monitored via various means including financial audit, board minutes, and investigation of complaints. Any potential conflict of interest must be disclosed at the time of knowledge of the potential conflict to the president of the board of directors, or, if appropriate, the chair of the committee evaluating the particular matter and the ceo. The president of the board of directors or any designee will evaluate the appropriateness of the board member to be involved in any discussions and/or voting on the potential conflict of interest issue.”

Form 990, Part VI, Section C, Line 19

“The organization's financial statements are available upon request. The organization's governing documents and conflict of interest policy are not open to public inspection.”

Filing and Contact Details

Filer

Filer Name
Community Housing & Service Corporation
EIN
41-0982770
Phone
9529356311
Address
3620 PHILLIPS PARKWAY, ST LOUIS PARK, MN 55426
Doing Business As
Knollwood Place Apartments

Signing Officer

Name
David Berryman
Title
Chief Financial Officer
Phone
9529356311
Signed
2025-07-30
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Jim Newbrough
Formed
1971
Legal Domicile
Mn
Voting Board Members
17
Independent Board Members
17
Employees
15
Volunteers
18

Preparer

Firm
Cliftonlarsonallen Llp
Address
121 WEST BRIDGE STREET, OWATONNA, MN 55060
Preparer
Justin Hartert
Phone
5074467100
Supplemental Narrative

Additional Explanations

Form 990, Part IX, Line 11G

“Consulting & contracted services: program service expenses 549,494. Management and general expenses 687. Fundraising expenses 0. Total expenses 550,181.”

FORM 990, PART XI, LINE 9:

“Net asset releases 12,154.”

FORM 990, PART XII, LINE 2C:

“This process has not changed for reporting year 2023.”

Financial Statement Notes

PART IV, LINE 2B:

“Tenants make security deposits when they move in to the facility. The money is maintained in a separate bank account. Deposits, with interest, less any costs of repairs, are returned to tenants or their estates when the tenant leaves the facility.”

PART X, LINE 2:

“The corporation has been granted exempt status relative to federal and state corporate income taxes under section 501(c)(3) of the internal revenue code and applicable state codes. The corporation's annual tax filings are subject to review by federal, state, and local authorities. The corporation is not aware of any activities that would jeopardize its tax exempt status. The corporation is not aware of any activities that are subject to tax on unrelated business income or excise other taxes.”

PART XI, LINE 2D - OTHER ADJUSTMENTS:

“Cost of goods sold 1,614.”

PART XII, LINE 2D - OTHER ADJUSTMENTS:

“Cost of goods sold 1,614.”

Raw XML AppendixShowing 400 of 908 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

Path#Value
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IRS990/Form990PartVIISectionAGrp/TitleTxt6DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt7DIRECTOR- THRU 1/30/2024
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IRS990/OtherRevenueMiscGrp/Desc0MEALS
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