GARDEN STREET APARTMENTS INC (EIN 043233283) - 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

1994

Legal Domicile

Principal Officer

JEAN YANG

Phone

6174411800

Tax Period

2024-07-01 to 2025-06-30

GARDEN STREET APARTMENTS INC, founded in 1994, is a small nonprofit in the Housing & Shelter sector that reported $130K in total revenue in fiscal year 2024. Expenses of $182K exceeded revenue, resulting in a 40% operating deficit.

Mission

TO PROVIDE LOW-INCOME DISABLED INDIVIDUALS WITH HOUSING IN A SPECIALLY DESIGNED ENVIRONMENT TO MEET THEIR NEEDS AND PROMOTE HEALTH, HAPPINESS AND SECURITY ON A NON-PROFIT BASIS SUFFICIENT TO MAINTAIN AND OPERATE THE HOME.

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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 $129,297

Investment Income $422

Other Revenue $0

TOTAL REVENUE $129,719

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $136,420

Other Expenses $181,874

TOTAL EXPENSES $181,874

Year-over-Year Comparison

	2024	2023	Change
Revenue	$129,719	$126,336	+0.0%
Expenses	$181,874	$138,339	+0.3%
Net Income	$-52,155	$-12,003	+3.3%

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

$926,981

Total Directors

$926,981

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
PHILIP A MASON	DIRECTOR	0.10	Director	$0	$0	$0
PAUL ZINTL	DIRECTOR, VICE PRESIDENT	0.10	Director	$0	$0	$0
JEAN YANG	DIRECTOR, PRESIDENT	0.50	Officer Director	$0	$18,718	$597,779
ANNETTE KOVAMEES	DIRECTOR, TREASURER & CLERK	0.50	Officer Director	$0	$42,772	$329,202

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	$129,719	$181,874	$1,076,504	$-52,155
2024	No data	No data	No data	No data
2023	$99,500	$124,699	$1,130,460	$-25,199
2022	$99,300	$135,699	$1,151,070	$-36,399
2021	$94,115	$105,479	$1,125,905	$-11,364
2020	$103,479	$94,857	$1,092,943	$8,622
2019	$99,286	$108,986	$1,053,212	$-9,700
2018	$97,054	$107,463	$1,016,950	$-10,409

GARDEN STREET APARTMENTS INC