SPRING MEADOW ASSOCIATION OF RESPO… - Form 990 Financial Data

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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

1991

Legal Domicile

Principal Officer

KEYA HICKS

Phone

4137835250

Tax Period

2023-10-01 to 2024-09-30

SPRING MEADOW ASSOCIATION OF RESPONSIBLE TENANTS INC, founded in 1991, is a community nonprofit that reported $4.4M in total revenue in fiscal year 2023. Expenses of $5.4M exceeded revenue, resulting in a 22% operating deficit.

Mission

TO OWN, REHABILITATE AND OPERATE AN AFFORDABLE HOUSING PROJECT.

Program Service Accomplishments

Program 1

Expenses: $4,332,062 Revenue: $4,411,265

TO PROVIDE AFFORDABLE HOUSING AND RESIDENT SERVICES PROGRAM TO LOW INCOME FAMILIES. THERE ARE 270 UNITS ALL TWO AND THREE BEDROOM TOWNHOUSES ALL OCCUPIED BY FAMILIES WITH CHILDREN.

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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 $4,411,265

Investment Income $-19,540

Other Revenue $0

TOTAL REVENUE $4,391,725

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $4,332,062

Other Expenses $5,360,987

TOTAL EXPENSES $5,360,987

Year-over-Year Comparison

	2023	2022	Change
Revenue	$4,391,725	$4,498,699	0.0%
Expenses	$5,360,987	$5,159,744	+0.0%
Net Income	$-969,262	$-661,045	+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

N/A

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
KEYA HICKS	PRESIDENT	1.00	Officer Director	$0	$0	$0
MARISABEL COLON	VICE PRES./T	1.00	Officer Director	$0	$0	$0
RAVEN COLON	CLERK/SECRET	1.00	Officer Director	$0	$0	$0
ANN JAMISON	DIRECTOR	1.00	Director	$0	$0	$0
CHRISTOPHER ALVAREZ	DIRECTOR	1.00	Director	$0	$0	$0
LAURA VELAZQUEZ	DIRECTOR	1.00	Director	$0	$0	$0
QUINTASHA FANIEL	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	No data	No data	No data	No data
2024	$4,391,725	$5,360,987	$11,862,595	$-969,262
2023	$4,498,699	$5,159,744	$12,879,058	$-661,045
2022	$4,200,695	$4,678,199	$13,684,795	$-477,504
2021	$4,117,328	$4,827,623	$14,323,481	$-710,295
2020	$3,973,638	$4,935,366	$15,167,594	$-961,728
2019	$3,768,709	$5,559,030	$16,258,992	$-1,790,321
2018	$3,354,056	$5,459,481	$18,131,972	$-2,105,425

SPRING MEADOW ASSOCIATION OF RESPONSIBLE TENANTS INC