ST MARY'S APARTMENTSINC C/O MALONEY PROPERTIES INC (EIN 043435218) - 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

1998

Legal Domicile

Principal Officer

REVMICHAEL NOLAN

Phone

7819430200

Tax Period

2024-07-01 to 2025-06-30

ST MARY'S APARTMENTSINC C/O MALONEY PROPERTIES INC, founded in 1998, is a small nonprofit in the Housing & Shelter sector that reported $992K in total revenue in fiscal year 2024. Expenses of $1.1M exceeded revenue, resulting in a 12% operating deficit.

Mission

TO PROVIDE AFFORDABLE HOUSING TO QUALIFIED PERSONS. RENTAL ASSISTANCE IS PROVIDED UNDER HUD REGULATIONS SECTIONS 202 AND 8.

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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 $985,030

Investment Income $953

Other Revenue $6,090

TOTAL REVENUE $992,073

Expense Breakdown

Grants Paid $0

Salaries & Benefits $256,413

Fundraising Expenses $0

Program Expenses $1,100,085

Other Expenses $857,210

TOTAL EXPENSES $1,113,623

Year-over-Year Comparison

	2024	2023	Change
Revenue	$992,073	$1,001,143	0.0%
Expenses	$1,113,623	$1,106,936	+0.0%
Net Income	$-121,550	$-105,793	+0.1%

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
RUTH GATELY	DIRECTOR	3.00	Officer Director	$0	$0	$0
REV MICHAEL NOLAN	PRESIDENT & TREASURER	3.00	Officer Director	$0	$0	$0
WILLIAM LASWELL	DIRECTOR	0.20	Director	$0	$0	$0
ROBERT CONNORS	DIRECTOR	0.20	Officer Director	$0	$0	$0
RUTH GATELY	DIRECTOR	0.20	Officer Director	$0	$0	$0
ALICE MCMANON	DIRECTOR	0.20	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	$992,073	$1,113,623	$4,061,272	$-121,550
2024	$1,001,143	$1,106,936	$4,195,516	$-105,793
2023	$975,190	$1,136,852	$4,662,703	$-161,662
2022	$741,587	$1,180,542	$4,638,251	$-438,955
2021	$756,367	$1,004,693	$4,871,084	$-248,326
2020	$749,288	$960,221	$5,218,932	$-210,933
2019	$751,971	$915,996	$5,298,604	$-164,025

ST MARY'S APARTMENTSINC C/O MALONEY PROPERTIES INC