ST CLARE APARTMENTS HOUSING DEVELOPMENT FUND COMPANY INC (EIN 161524084) - 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

1997

Legal Domicile

Principal Officer

REV MSGR ROBERT ZAPFEL

Phone

3154241821

Tax Period

2023-01-01 to 2023-12-31

ST CLARE APARTMENTS HOUSING DEVELOPMENT FUND COMPANY INC, founded in 1997, is a small nonprofit that reported $387K in total revenue in fiscal year 2023. Net assets of $1.7M represent 52 months of operating reserves.

Mission

TO PROVIDE LOW INCOME HOUSING.

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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 $380,668

Investment Income $843

Other Revenue $5,846

TOTAL REVENUE $387,357

Expense Breakdown

Grants Paid $0

Salaries & Benefits $75,994

Fundraising Expenses $0

Program Expenses $273,743

Other Expenses $339,741

TOTAL EXPENSES $415,735

Year-over-Year Comparison

	2023	2022	Change
Revenue	$387,357	$361,008	+0.1%
Expenses	$415,735	$417,999	0.0%
Net Income	$-28,378	$-56,991	-0.5%

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
REV MSGR ROBERT ZAPFEL	CHAIR	0.50	Officer Director	$0	$0	$0
THOMAS GLEASON	SECRETARY/TREASURER	0.50	Officer Director	$0	$0	$0
PENNY ARNOLD	BOARD MEMBER	0.50	Director	$0	$0	$0
ANNEMARIE ANDRZEJEWSKI	BOARD MEMBER	0.50	Director	$0	$0	$0
RUSTY EDWARDS	BOARD MEMBER	0.50	Director	$0	$0	$0
LEONARDO SETTE-CAMARA	BOARD MEMBER	0.50	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
2023	$387,357	$415,735	$1,820,381	$-28,378
2022	$361,008	$417,999	$1,762,729	$-56,991
2021	$340,700	$403,741	$1,820,159	$-63,041
2020	$348,239	$382,617	$1,909,474	$-34,378
2019	$356,503	$429,717	$1,911,138	$-73,214
2018	$371,341	$466,642	$1,978,250	$-95,301

ST CLARE APARTMENTS HOUSING DEVELOPMENT FUND COMPANY INC