GENERAL CHAUNCEY M HOOPER TOWERS H… - Form 990 Financial Data

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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

1982

Legal Domicile

Principal Officer

DARNLEY BECKLES

Phone

2129266082

Tax Period

2023-10-01 to 2024-09-30

GENERAL CHAUNCEY M HOOPER TOWERS HOUSING DEVELOPMENT FUND CO INC, founded in 1982, is a community nonprofit in the Housing & Shelter sector that reported $2.2M in total revenue in fiscal year 2023.

Mission

TO OPERATE APARTMENT COMPLEX FOR SENIOR CITIZENS AND HANDICAPPED PERSONS OF LOW INCOME. THE COMPLEX CONSISTS OF 76 UNITS.

Program Service Accomplishments

Program 1

Expenses: $1,925,273 Revenue: $2,208,206

HOUSING PROJECT FOR SENIOR CITIZENS AND HANDICAPPED PERSONS OF LOW INCOME.

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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 $2,202,152

Investment Income $30,876

Other Revenue $6,054

TOTAL REVENUE $2,239,082

Expense Breakdown

Grants Paid $0

Salaries & Benefits $280,561

Fundraising Expenses $0

Program Expenses $1,925,273

Other Expenses $1,978,596

TOTAL EXPENSES $2,259,157

Year-over-Year Comparison

	2023	2022	Change
Revenue	$2,239,082	$2,269,853	0.0%
Expenses	$2,259,157	$2,393,460	-0.1%
Net Income	$-20,075	$-123,607	-0.8%

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

Volunteers

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
DARNLEY BECKLES	PRESIDENT	5.00	Officer Director	$0	$0	$0
DONALD SINGLETARY	TREASURER	2.00	Officer Director	$0	$0	$0
DONALD EATON III	BOARD MEMBER	1.00	Director	$0	$0	$0
HAROLD MULLER	VICE-PRESIDENT	1.00	Officer Director	$0	$0	$0
GEOFFREY E EATON	VICE-PRESIDENT	1.00	Officer Director	$0	$0	$0
ALLISON EATON	BOARD MEMBER	1.00	Director	$0	$0	$0
JAMES WASHINGTON	BOARD MEMBER	1.00	Director	$0	$0	$0
NAVARRO BELL	BOARD MEMBER	1.00	Director	$0	$0	$0
WILLIAM FRANC PERRY	BOARD MEMBER	1.00	Director	$0	$0	$0
LEON J WALLACE	BOARD MEMBER	1.00	Director	$0	$0	$0
GEORGE DANIELS	BOARD MEMBER	1.00	Director	$0	$0	$0
MICHELLE ALEXANDER MD	BOARD MEMBER	1.00	Director	$0	$0	$0
AIJA TINGLING	BOARD MEMBER	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
2024	No data	No data	No data	No data
2024	$2,239,082	$2,259,157	$6,107,215	$-20,075
2023	$2,269,853	$2,393,460	$6,419,975	$-123,607
2022	$2,081,773	$2,474,195	$6,330,399	$-392,422
2021	$2,011,613	$2,222,743	$7,065,816	$-211,130
2020	$2,002,683	$1,961,071	$7,262,453	$41,612
2019	$1,903,054	$1,957,733	$8,185,535	$-54,679
2018	$1,744,916	$3,186,920	$9,011,547	$-1,442,004

GENERAL CHAUNCEY M HOOPER TOWERS HOUSING DEVELOPMENT FUND CO INC