CHEVERUS SCHOOL APARTMENTS INC (EIN 043292605) - 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

1995

Legal Domicile

Phone

6175695590

Tax Period

2023-10-01 to 2024-09-30

CHEVERUS SCHOOL APARTMENTS INC, founded in 1995, is a small nonprofit in the Human Services sector that reported $820K in total revenue in fiscal year 2023. Revenue grew 19% year-over-year, indicating healthy expansion.

Mission

HOUSING FOR LOW- AND MODERATE-INCOME ELDERLY

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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 $818,959

Investment Income $1,296

Other Revenue $0

TOTAL REVENUE $820,255

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $593,749

Other Expenses $823,865

TOTAL EXPENSES $823,865

Year-over-Year Comparison

	2023	2022	Change
Revenue	$820,255	$689,749	+0.2%
Expenses	$823,865	$765,907	+0.1%
Net Income	$-3,610	$-76,158	-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

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

$315,776

Total Directors

$613,723

Key Employees

$711,015

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
GREGORY WILMOT	PRESIDENT	1.00	Officer Director	$0	$0	$0
SALVATORE J COLOMBO	TREASURER AND CLERK	1.00	Officer Director	$0	$18,340	$315,776
ALBERT FESTA	CHIEF OPERATING OFFICER/EBCDC, INC.	1.00	Director	$0	$16,382	$297,947
PASQUALE CORDISCO	DIRECTOR	1.00	Director	$0	$0	$0
RITA SORRENTO	DIRECTOR	1.00	Director	$0	$0	$0
CALAY IP	DIRECTOR	1.00	Director	$0	$0	$0
CYNTHIA FRONDUTO-LOPEZ	CHIEF FINANCIAL OFFICER/EBCDC, INC.	1.00	Key Emp	$0	$26,711	$244,600
TANYA HAHNEL	DIRECTOR OF REAL ESTATE/EBCDC, INC.	1.00	Key Emp	$0	$13,845	$146,586
ALBERT F CALDARELLI	FORMER PRESIDENT/EBCDC, INC.	1.00	Key Emp	$0	$17,951	$319,829

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	$820,255	$823,865	$2,421,901	$-3,610
2023	$689,749	$765,907	$2,546,616	$-76,158
2022	$522,985	$626,785	$2,635,089	$-103,800
2021	$488,868	$597,950	$2,613,127	$-109,082
2020	$465,779	$574,519	$2,722,488	$-108,740
2019	$440,896	$563,980	$2,818,470	$-123,084
2018	$445,894	$577,394	$2,985,987	$-131,500

CHEVERUS SCHOOL APARTMENTS INC