TRYON PARK APARTMENTS INC

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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

1973

Legal Domicile

Principal Officer

TAMMY DUDLEY

Phone

5854672442

Tax Period

2023-09-01 to 2024-08-31

TRYON PARK APARTMENTS INC, founded in 1973, is a community nonprofit that reported $1.2M in total revenue in fiscal year 2023.

Mission

TO PROVIDE SAFE, AFFORDABLE HOUSING TO LOW AND MIDDLE INCOME INDIVIDUALS

Program Service Accomplishments

Program 1

Expenses: $1,047,228 Revenue: $1,140,872

TRYON PARK APARTMENTS, INC. WAS FORMED TO PROVIDE AFFORDABLE HOUSING TO LOW AND MIDDLE INCOME INDIVIDUALS. IT OWNS AND OPERATES A 106 UNIT APARTMENT BUILDING IN ROCHESTER, NEW YORK.

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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 $1,140,872

Investment Income $30,529

Other Revenue $0

TOTAL REVENUE $1,171,401

Expense Breakdown

Grants Paid $0

Salaries & Benefits $219,327

Fundraising Expenses $0

Program Expenses $1,047,228

Other Expenses $1,031,371

TOTAL EXPENSES $1,250,698

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,171,401	$1,121,360	+0.0%
Expenses	$1,250,698	$1,165,649	+0.1%
Net Income	$-79,297	$-44,289	+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

N/A

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

$435,947

Total Directors

$282,503

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
R CARLOS CARBALLADA	DIRECTOR	1.00	Director	$0	$0	$0
MARGARET J HILL	PRESIDENT (UNTIL 1/19/24)	2.00	Officer Director	$0	$25,098	$282,503
JAMES A COSTANZA	VICE CHAIRMAN	1.00	Officer Director	$0	$0	$0
CAROL WHEELER	DIRECTOR	1.00	Director	$0	$0	$0
RICHARD MUELLER	CHAIRMAN	1.00	Officer Director	$0	$0	$0
LOUIS M D'AMATO ESQ	DIRECTOR	1.00	Officer Director	$0	$0	$0
MARGARET BRINGEWATT	DIRECTOR	1.00	Director	$0	$0	$0
ALLEN WILLIAMS	DIRECTOR	1.00	Director	$0	$0	$0
SCOTT D PROCIOUS	PRESIDENT (AFTER 1/19/24)	5.00	Officer	$0	$14,976	$153,444
TAMARA DUDLEY	TREASURER (AFTER 3/11/24)	5.00	Officer	$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	No data	No data	No data	No data
2024	$1,171,401	$1,250,698	$3,629,321	$-79,297
2023	$1,121,360	$1,165,649	$3,797,395	$-44,289
2022	$1,085,849	$1,046,642	$3,918,740	$39,207
2021	$1,093,476	$1,019,855	$4,037,880	$73,621
2020	$1,055,738	$992,821	$3,982,463	$62,917