AMESBURY GARDENS TENANTS ASSOCIATI… - 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

1993

Legal Domicile

Principal Officer

IRIS ORTIZ

Phone

9786898033

Tax Period

2024-10-01 to 2025-09-30

AMESBURY GARDENS TENANTS ASSOCIATION INC, founded in 1993, is a community nonprofit in the Housing & Shelter sector that reported $1.9M in total revenue in fiscal year 2024. Net assets of $4.7M represent 29 months of operating reserves.

Mission

TO IMPROVE THE PHYSICAL AND SOCIAL CONDITIONS OF THE AMESBURY GARDENSAFFORDABLE HOUSING APARTMENT PROJECT.

Program Service Accomplishments

Program 1

Expenses: $1,915,973 Revenue: $1,942,757

TO IMPROVE THE PHYSICAL AND SOCIAL CONDITIONS OF THE AMESBURY GARDENS AFFORDABLE HOUSING APARTMENT PROJECT AND PROVIDE AFFORDABLE HOUSING.

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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 $1,918,596

Investment Income $403

Other Revenue $24,161

TOTAL REVENUE $1,943,160

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $1,915,973

Other Expenses $1,940,143

TOTAL EXPENSES $1,940,143

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,943,160	$1,902,191	+0.0%
Expenses	$1,940,143	$1,821,992	+0.1%
Net Income	$3,017	$80,199	-1.0%

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
EDWIN ACOSTA	SECRETARY	1.00	Officer Director	$0	$0	$0
HILDA CORA	VICE PRESIDNET	1.00	Officer Director	$0	$0	$0
IMARILYS GONZALES	TREASURER	1.00	Officer Director	$0	$0	$0
IRIS DIAZ	CLERK	1.00	Officer Director	$0	$0	$0
IRIS MORALES	CLERK	1.00	Officer Director	$0	$0	$0
IRIS ORTIZ	PRESIDENT	1.00	Officer Director	$0	$0	$0
PASTY NAVARRETE	CLERK	1.00	Officer 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	$1,943,160	$1,940,143	$4,858,660	$3,017
2024	$1,902,191	$1,821,992	$4,845,864	$80,199
2023	$1,876,575	$1,772,669	$4,777,794	$103,906
2022	$1,745,597	$1,912,613	$4,646,183	$-167,016
2021	$1,689,577	$1,775,595	$4,809,021	$-86,018
2020	$1,669,811	$1,751,468	$5,132,810	$-81,657
2019	$1,656,923	$1,791,925	$5,013,542	$-135,002
2018	$1,637,930	$2,019,548	$5,317,309	$-381,618

AMESBURY GARDENS TENANTS ASSOCIATION INC