AUBURN RESIDENTIAL DEVELOPMENT CORP (EIN 010439009) - Form 990 Financial Analysis & Trantor Score

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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

1987

Legal Domicile

Principal Officer

MARTIN SZYDLOWSKI

Phone

2077847351

Tax Period

2024-04-01 to 2025-03-31

AUBURN RESIDENTIAL DEVELOPMENT CORP, founded in 1987, is a small nonprofit in the Housing & Shelter sector that reported $203K in total revenue in fiscal year 2024. Revenue decreased 7% compared to the prior year. Expenses of $623K exceeded revenue, resulting in a 207% operating deficit.

Mission

TO PROVIDE HOUSING FOR LOW-INCOME, ELDERLY, DISABLED PERSONS AND FAMILIES.

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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 $104,969

Investment Income $97,794

Other Revenue $0

TOTAL REVENUE $202,763

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $622,827

Other Expenses $622,827

TOTAL EXPENSES $622,827

Year-over-Year Comparison

	2024	2023	Change
Revenue	$202,763	$217,038	-0.1%
Expenses	$622,827	$123,782	+4.0%
Net Income	$-420,064	$93,256	-5.5%

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

N/A

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

$145,815

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MICHAEL THURSTON	VICE PRESIDENT	1.00	Director	$0	$0	$0
MARTIN SZYDLOWSKI	SECRETARY/TREASURER	1.00	Director	$0	$0	$145,815
NICHOLAS GAGNON	DIRECTOR	1.00	Director	$0	$0	$0
JENNIFER KIMBLE	DIRECTOR	1.00	Director	$0	$0	$0
RON SPOFFORD	DIRECTOR	1.00	Director	$0	$0	$0
CELIA MCGUCKIAN	DIRECTOR	1.00	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
2025	$202,763	$622,827	$6,891,127	$-420,064
2024	$217,038	$123,782	$7,293,785	$93,256
2023	$226,934	$86,899	$7,195,553	$140,035
2022	$221,778	$106,476	$7,083,235	$115,302
2021	$503,121	$115,673	$6,989,538	$387,448
2020	$736,567	$98,983	$6,661,890	$637,584
2019	$232,808	$80,058	$5,968,387	$152,750

AUBURN RESIDENTIAL DEVELOPMENT CORP