BOUCHER APARTMENTS INC (EIN 050453083) - 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

1990

Legal Domicile

Principal Officer

BENEDICT LESSING

Phone

4012357000

Tax Period

2024-07-01 to 2025-06-30

BOUCHER APARTMENTS INC, founded in 1990, is a community nonprofit that reported $1.3M in total revenue in fiscal year 2024. Revenue grew 12% year-over-year, indicating healthy expansion. Expenses of $1.1M left a modest 13% surplus.

Mission

LOW INCOME HOUSING FOR DISABLED AND ELDERLY PERSONS UNDER SECTIONS 202 AND 8 OF THE NATIONAL HOUSING ACT

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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 $1,292,360

Investment Income $839

Other Revenue $3,047

TOTAL REVENUE $1,296,246

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $1,125,828

Other Expenses $1,125,828

TOTAL EXPENSES $1,125,828

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,296,246	$1,158,210	+0.1%
Expenses	$1,125,828	$1,174,010	0.0%
Net Income	$170,418	$-15,800	-11.8%

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
BENEDICT F LESSING JR	President	1.00	Officer Director	$0	$0	$0
PAUL M DUMOUCHEL	Chairman	1.00	Officer Director	$0	$0	$0
JOSEPH F GARLICK JR	Director	1.00	Director	$0	$0	$0
MARIANNE GRONDALSKI	Secretary	1.00	Officer Director	$0	$0	$0
DEBRA A HAWES	Director	1.00	Director	$0	$0	$0
STEPHEN KEARNS	Treasurer	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	$1,296,246	$1,125,828	$1,609,323	$170,418
2024	$1,158,210	$1,174,010	$1,558,124	$-15,800
2023	$1,161,362	$1,340,201	$1,660,778	$-178,839
2022	$1,129,198	$1,287,189	$1,861,576	$-157,991
2021	$1,118,217	$1,206,106	$2,101,131	$-87,889
2020	$1,110,999	$1,368,276	$2,272,839	$-257,277
2019	$1,121,880	$1,236,629	$2,592,643	$-114,749

BOUCHER APARTMENTS INC