DUNN TOWER APARTMENTS INC (EIN 161059803) - 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

1977

Legal Domicile

Principal Officer

PASQUALE A DILUCIA

Phone

5854295520

Tax Period

2024-04-01 to 2025-03-31

DUNN TOWER APARTMENTS INC, founded in 1977, is a community nonprofit in the Housing & Shelter sector that reported $1.6M in total revenue in fiscal year 2024. Expenses of $1.5M left a modest 6% surplus.

Mission

TO PROVIDE LOW RENTAL HOUSING TO THE AGED WITH 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 (2024)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $1,585,526

Investment Income $-9,327

Other Revenue $1,200

TOTAL REVENUE $1,577,399

Expense Breakdown

Grants Paid $0

Salaries & Benefits $303,328

Fundraising Expenses $0

Program Expenses $1,321,400

Other Expenses $1,180,116

TOTAL EXPENSES $1,483,444

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,577,399	$1,537,153	+0.0%
Expenses	$1,483,444	$1,434,590	+0.0%
Net Income	$93,955	$102,563	-0.1%

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MICHELLE PALERMO	VICE-PRESIDENT	1.00	Officer Director	$0	$0	$0
CHRIS MANGONE	DIRECTOR	1.00	Director	$0	$0	$0
RHODA RIDE	VICE-PRESIDENT (DIED JUNE	1.00	Officer Director	$0	$0	$0
PASQUALE A DILUCIA	PRESIDENT	1.00	Officer Director	$0	$0	$0
SCOTT BIRNIE	TREASURER	1.00	Officer Director	$0	$0	$0
DOUG FORD	DIRECTOR	1.00	Director	$0	$0	$0
JAMES P VANBREDERODE	SECRETARY	1.00	Officer Director	$0	$0	$0
CHRIS ELKINS	DIRECTOR	1.00	Director	$0	$0	$0
CHRIS DIPONZIO	DIRECTOR	1.00	Director	$0	$0	$0
DAN HOOCK	DIRECTOR - JOINED DURING YEAR	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	$1,577,399	$1,483,444	$3,099,075	$93,955
2024	$1,537,153	$1,434,590	$3,068,601	$102,563
2023	$1,355,704	$1,300,478	$3,028,048	$55,226
2022	$1,015,480	$1,169,485	$3,092,492	$-154,005
2021	$1,037,511	$1,165,603	$3,252,727	$-128,092
2020	$1,087,647	$1,137,911	$3,438,824	$-50,264
2019	$1,046,062	$1,125,573	$3,545,380	$-79,511

DUNN TOWER APARTMENTS INC