OLMSTED GARDENS INC C/O THE COMMUNITY BUILDERS INC (EIN 050508869) - 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

1999

Legal Domicile

Principal Officer

D MORGAN WILSON

Phone

8572218600

Tax Period

2024-07-01 to 2025-06-30

OLMSTED GARDENS INC C/O THE COMMUNITY BUILDERS INC, founded in 1999, is a community nonprofit in the Human Services sector that reported $1.2M in total revenue in fiscal year 2024. Revenue surged 47% from the prior year, signaling strong growth momentum. Expenses of $1.0M left a modest 12% surplus.

Mission

TO CONSTRUCT, OWN AND OPERATE 52 UNITS OF AFFORDABLE HOUSING FOR PERSONS OF LOW INCOME IN PROVIDENCE, RI.

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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 $1,148,808

Investment Income $1,748

Other Revenue $0

TOTAL REVENUE $1,150,556

Expense Breakdown

Grants Paid $0

Salaries & Benefits $171,257

Fundraising Expenses $0

Program Expenses $879,286

Other Expenses $836,978

TOTAL EXPENSES $1,008,235

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,150,556	$783,531	+0.5%
Expenses	$1,008,235	$844,250	+0.2%
Net Income	$142,321	$-60,719	-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

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

$654,235

Total Directors

$333,311

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
D MORGAN WILSON	DIRECTOR, TREASURER, SECRE	0.20	Officer Director	$0	$66,426	$333,311
THOMAS J BUONOPANE	PRESIDENT, DIRECTOR	0.20	Officer	$0	$65,396	$320,924

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	$1,150,556	$1,008,235	$3,228,728	$142,321
2024	$783,531	$844,250	$3,080,793	$-60,719
2023	$700,826	$838,569	$3,163,151	$-137,743
2022	$676,685	$811,913	$3,270,577	$-135,228
2021	$673,020	$750,646	$3,386,776	$-77,626
2020	$675,290	$761,268	$3,462,062	$-85,978
2019	$671,295	$795,900	$3,541,904	$-124,605
2018	$672,292	$789,744	$3,698,589	$-117,452

OLMSTED GARDENS INC C/O THE COMMUNITY BUILDERS INC