BOWDOIN APARTMENTS CORPORATION C/O KELLIHER & CALLAGHAN (EIN 042399546) - 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

1963

Legal Domicile

Principal Officer

JAMES C MILLER

Phone

7813229090

Tax Period

2023-10-01 to 2024-09-30

BOWDOIN APARTMENTS CORPORATION C/O KELLIHER & CALLAGHAN, founded in 1963, is a small nonprofit that reported $907K in total revenue in fiscal year 2023. Revenue surged 24% from the prior year, signaling strong growth momentum. Expenses of $830K left a modest 8% surplus.

Mission

TO SUPPORT AFFORDABLE HOUSING THROUGH BELOW MARKET RATE LOANS AND GRANTS AND FACILITATE TECHNICAL ASSISTANCE THROUGH THE DUE DILIGENCE PROCESS TO 501(C) ORGANIZATIONS.

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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 (2023)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $148,646

Investment Income $758,120

Other Revenue $0

TOTAL REVENUE $906,766

Expense Breakdown

Grants Paid $646,000

Salaries & Benefits $17,991

Fundraising Expenses $0

Program Expenses $716,551

Other Expenses $165,762

TOTAL EXPENSES $829,753

Year-over-Year Comparison

	2023	2022	Change
Revenue	$906,766	$733,677	+0.2%
Expenses	$829,753	$589,485	+0.4%
Net Income	$77,013	$144,192	-0.5%

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

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

$9,000

Total Directors

$15,500

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JAMES C MILLER	PRESIDENT/DIRECTOR	2.00	Officer Director	$3,000	$0	$3,000
JOHN R DALY JR	TREASURER/DIRECTOR	2.00	Officer Director	$3,000	$0	$3,000
NIGEL A MOFFETT	CLERK/DIRECTOR	2.00	Officer Director	$3,000	$0	$3,000
LEONARD GRUENFELD	DIRECTOR	2.00	Director	$3,000	$0	$3,000
RAYMOND O ANDERSON	DIRECTOR	2.00	Director	$1,500	$0	$1,500
KENRIC A PRESCOTT	DIRECTOR	2.00	Director	$2,000	$0	$2,000

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	$906,766	$829,753	$12,951,436	$77,013
2023	$733,677	$589,485	$11,941,434	$144,192
2022	$722,395	$562,011	$11,276,770	$160,384
2021	$792,490	$427,025	$14,002,782	$365,465
2020	$497,515	$589,769	$11,852,374	$-92,254
2019	$561,304	$408,885	$11,722,827	$152,419
2018	$834,523	$276,296	$11,450,664	$558,227

BOWDOIN APARTMENTS CORPORATION C/O KELLIHER & CALLAGHAN