ARDEON REALTY CORPORATION (EIN 131822756) - 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

1956

Legal Domicile

Principal Officer

LUCY CHEN

Phone

2128574277

Tax Period

2024-01-01 to 2024-12-31

ARDEON REALTY CORPORATION, founded in 1956, is a community nonprofit that reported $4.9M in total revenue in fiscal year 2024. The organization ran a surplus of $4.9M, a strong 100% operating margin.

Mission

TO PURCHASE, OWN, LEASE AND OPERATE REAL PROPERTY FOR THE BENEFICIAL INTEREST OF 1199SEIU UNITED HEALTHCARE WORKERS EAST.

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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 $4,751,328

Investment Income $104,740

Other Revenue $0

TOTAL REVENUE $4,856,068

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $226

TOTAL EXPENSES $226

Year-over-Year Comparison

	2024	2023	Change
Revenue	$4,856,068	$4,881,432	0.0%
Expenses	$226	$40,371	-1.0%
Net Income	$4,855,842	$4,841,061	+0.0%

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

N/A

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

$1,454,792

Total Directors

$1,040,889

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
GEORGE GRESHAM	PRESIDENT	2.5	Officer Director	$0	$131,634	$416,633
Lucy Chen	CFO	2.5	Officer	$0	$141,703	$413,903
TERESA TRIPODI	DIRECTOR OF FINANCE	2.5	Highest	$0	$115,029	$381,078
MILAGROS SILVA-BERMUDEZ	SECRETARY TREASURER	2.5	Officer Director	$0	$106,493	$331,450
YVONNE ARMSTRONG	SR. EXEC. VICE PRESIDENT	2.5	Officer Director	$0	$94,310	$292,806
SIMONE GALLO	ASSISTANT CONTROLLER	2.5	Highest	$0	$52,973	$161,505

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	$4,856,068	$226	$27,830,542	$4,855,842
2023	$4,881,432	$40,371	$22,639,820	$4,841,061
2022	$4,753,259	$7,010	$18,373,400	$4,746,249
2021	$4,754,306	$2,033,702	$11,136,626	$2,720,604
2020	$14,383,999	$4,530,199	$8,529,335	$9,853,800
2019	$3,226,327	$3,845,719	$7,285,181	$-619,392
2018	$4,095,055	$5,826,969	$10,699,364	$-1,731,914

ARDEON REALTY CORPORATION