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Filing year 2023

ALVERNA APARTMENTS

Little Falls, Minnesota·EIN 41-1351177·3
Total revenue
$664k
Total assets
$1.1M
Total expenses
$492k
Reported officers
13
Mission

AS AN AFFILIATE OF COMMONSPIRIT HEALTH, WE MAKE THE HEALING PRESENCE OF GOD KNOWN IN OUR WORLD BY IMPROVING THE HEALTH OF THE PEOPLE WE SERVE, ESPECIALLY THOSE WHO ARE VULNERABLE, WHILE WE ADVANCE SOCIAL JUSTICE FOR ALL.

Executive compensation

Form 990 · Schedule J · 6 reported individuals · Filing year 2023

Percentile bands compare each position's total pay with the same role at nonprofits nationwide, across all sectors.

President
25th percentile to median
$57k
$63k
Board Member/market President Regional Hospital
Board President
Median to 75th percentile
$54k
$59k
Market CFO (partial Year)
25th percentile to median
$51k
$56k
Market CFO
25th percentile to median
$48k
$53k
Former Officer
Former Officer/director/trustee
25th percentile to median
$45k
$49k
Board Member/physician
Board Member
Median to 75th percentile
$23k
$26k

Teal figures restate each filed amount in 2026 dollars.

Estimated with BLS CPI-U for the Midwest region, restating filed pay into May 2026 dollars. A restatement of past pay, not current or projected pay.

Plus 7 unpaid individuals.

Fell 5%
over 2 years

From $61k in 2021 to $57k in 2023.

$61k
2021
$57k
2022
$57k
2023
In today's dollarsEst.
Down 15% in real terms$75k to $63k

Estimated with BLS CPI-U for the Midwest region, restating filed pay into May 2026 dollars. A restatement of past pay, not current or projected pay.

Pay for the position

Chief Executive Officer pay fell 5% from 2021 to 2023, while revenue rose 10%.

$61k in 2021 to $57k in 2023.
  • Board President pay rose 3% from 2021 to 2023.
  • Chief Financial Officer pay rose 25% from 2021 to 2023.

Pay for the position itself, not any one person. The officeholder may have changed between 2021 and 2023.

Highest reported compensation in each year. Volunteer board members and partial-year payouts are filtered out.
Financial trend

Revenue and expenses over time

ALVERNA APARTMENTS reported revenue and expenses across 3 filing years.

RevenueExpenses
$605k
$468k
2021
$520k
$483k
2022
$664k
$492k
2023
Total revenue and total expenses from IRS Form 990 filings.
FAQ

Common questions about ALVERNA APARTMENTS

What does the Chief Executive Officer of ALVERNA APARTMENTS earn?

In 2023, the Chief Executive Officer of ALVERNA APARTMENTS received $57,477 in total compensation. This pay is below the median (the midpoint) for Chief Executive Officer roles among nonprofits nationwide, across all sectors, but above the bottom quarter of comparable filings. Based on IRS Form 990 data.

How does Chief Executive Officer pay at ALVERNA APARTMENTS compare with similar nonprofits?

Compared with the same role at nonprofits nationwide, across all sectors, the 2023 pay of the Chief Executive Officer at ALVERNA APARTMENTS falls between the 25th percentile and the median.

What are ALVERNA APARTMENTS's revenue and expenses?

In 2023, ALVERNA APARTMENTS reported $664k in total revenue and $492k in total expenses on its IRS Form 990.

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