CASTLE SQUARE TENANTS ORGANIZATION INC (EIN 043016145) - 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

1988

Legal Domicile

Principal Officer

ANN MOY

Phone

6173578548

Tax Period

2023-01-01 to 2023-12-31

CASTLE SQUARE TENANTS ORGANIZATION INC, founded in 1988, is a community nonprofit in the Housing & Shelter sector that reported $5.3M in total revenue in fiscal year 2023. Revenue surged 842% from the prior year, signaling strong growth momentum. The organization ran a surplus of $3.2M, a strong 61% operating margin.

Mission

CASTLE SQUARE TENANTS ORGANIZATION'S MISSION IS TO PROMOTE THE ECONOMIC, EDUCATIONAL AND SOCIAL EMPOWERMENT OF LOW AND MODERATE INCOME INDIVIDUALS BY PROVIDING ACCESS TO SAFE, QUALITY AFFORDABLE HOUSING AND SUPPORTIVE DIRECT SERVICE PROGRAMS.

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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 $193,108

Program Service Revenue $4,745,596

Investment Income $350,315

Other Revenue $1,188

TOTAL REVENUE $5,290,207

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,048,656

Fundraising Expenses $0

Program Expenses $1,016,608

Other Expenses $1,017,198

TOTAL EXPENSES $2,065,854

Year-over-Year Comparison

	2023	2022	Change
Revenue	$5,290,207	$561,417	+8.4%
Expenses	$2,065,854	$2,006,743	+0.0%
Net Income	$3,224,353	$-1,445,326	-3.2%

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

Governance

Voting Members

Independent Members

Employees

Volunteers

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

$119,739

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ANN MOY	PRESIDENT	25.00	Officer Director	$0	$0	$0
TERRANCE WOOLFORK	VICE PRESIDENT	7.00	Officer Director	$0	$0	$0
YVONNE HOLMES	TREASURER	7.00	Officer Director	$0	$0	$0
NHI LE TANG	SECRETARY	10.00	Officer Director	$0	$0	$0
HUI LING CHEN	DIRECTOR	12.00	Director	$0	$0	$0
VERNON MILLS	DIRECTOR	7.00	Director	$0	$0	$0
ENEIDA LEBRON	DIRECTOR	7.00	Director	$0	$0	$0
DEBORAH BACKUS-GILCHRIST	EXECUTIVE DIRECTOR	40.00	Officer	$119,739	$0	$119,739

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	No data	No data	No data	No data
2023	$5,290,207	$2,065,854	$47,656,392	$3,224,353
2022	$561,417	$2,006,743	$40,575,279	$-1,445,326
2021	$6,228,301	$2,033,463	$46,457,382	$4,194,838
2020	$4,899,280	$2,259,944	$21,586,652	$2,639,336
2019	$5,445,004	$1,465,443	$18,057,194	$3,979,561
2018	$4,313,603	$1,223,149	$14,062,820	$3,090,454

CASTLE SQUARE TENANTS ORGANIZATION INC