ELMDALE APARTMENTS NONPROFIT HOUSING CORPORATION (EIN 200363774) - 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

2003

Legal Domicile

Principal Officer

VINCE LAMBERT

Phone

6168550411

Tax Period

2024-01-01 to 2024-12-31

ELMDALE APARTMENTS NONPROFIT HOUSING CORPORATION, founded in 2003, is a small nonprofit in the Housing & Shelter sector that reported $164K in total revenue in fiscal year 2024. Revenue decreased 10% compared to the prior year. Expenses of $154K left a modest 6% surplus.

Mission

TO PROVIDE AFFORDABLE HOUSING FOR LOW TO MIDDLE-INCOME INDIVIDUALS AND FAMILIES.

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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 $164,007

Investment Income $150

Other Revenue $0

TOTAL REVENUE $164,157

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $135,717

Other Expenses $153,637

TOTAL EXPENSES $153,637

Year-over-Year Comparison

	2024	2023	Change
Revenue	$164,157	$182,657	-0.1%
Expenses	$153,637	$165,298	-0.1%
Net Income	$10,520	$17,359	-0.4%

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

$963,419

Total Directors

$240,829

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JEREMY DEROO	FORMER CEO	1.00	Officer Director	$0	$0	$240,829
LEE NELSON WEBER	SECRETARY	1.00	Officer Director	$0	$0	$0
RICH KOGELSCHATZ	CHAIRPERSON	1.00	Officer Director	$0	$0	$0
KIM SIMS	VICE CHAIRPERSON	1.00	Officer Director	$0	$0	$0
ANGIE SANBORN	TREASURER	1.00	Officer Director	$0	$0	$0
ALONDA TRAMMELL-MILLER	CHIEF PROGRAM OFFICER	1.00	Officer	$0	$0	$177,424
FELISHA RODRIGUEZ	FORMER COO	1.00	Officer	$0	$0	$201,112
VINCE LAMBERT	CHIEF FINANCIAL OFFICER	1.00	Officer	$0	$0	$170,410
JACOB HORNER	CHIEF REAL ESTATE OFFICER	1.00	Officer	$0	$0	$173,644

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	$164,157	$153,637	$384,410	$10,520
2023	$182,657	$165,298	$364,051	$17,359
2022	$161,735	$154,452	$352,768	$7,283
2021	$152,127	$133,378	$343,640	$18,749
2020	$162,144	$134,268	$340,593	$27,876
2019	$156,009	$154,412	$335,038	$1,597
2018	$153,986	$162,465	$344,693	$-8,479

ELMDALE APARTMENTS NONPROFIT HOUSING CORPORATION