REDBANKS REGENCY APARTMENTS INC (EIN 201944304) - 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

2007

Legal Domicile

Principal Officer

TIM WILLIAMS

Phone

2708266436

Tax Period

2024-07-01 to 2025-06-30

REDBANKS REGENCY APARTMENTS INC, founded in 2007, is a small nonprofit in the Housing & Shelter sector that reported $437K in total revenue in fiscal year 2024. Revenue fell 49% from the prior year — a significant decline worth monitoring. Expenses of $527K exceeded revenue, resulting in a 21% operating deficit.

Mission

LOW INCOME APARTMENTS FOR THE AGED

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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 $427,182

Investment Income $9,511

Other Revenue $0

TOTAL REVENUE $436,693

Expense Breakdown

Grants Paid $0

Salaries & Benefits $194,631

Fundraising Expenses $0

Program Expenses $444,438

Other Expenses $332,268

TOTAL EXPENSES $526,899

Year-over-Year Comparison

	2024	2023	Change
Revenue	$436,693	$853,767	-0.5%
Expenses	$526,899	$528,884	0.0%
Net Income	$-90,206	$324,883	-1.3%

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

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

$24,300

Total Directors

$46,800

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
FRANK CHAMBERLAIN	TREASURER	2.50	Officer Director	$0	$0	$9,300
TIM WILLIAMS	CHAIRMAN	5.00	Officer Director	$0	$0	$7,500
MAURICE FORKER	BOARD MEMBER	2.00	Director	$0	$0	$7,500
ERIC BROWN	SECRETARY	2.00	Officer Director	$0	$0	$7,500
LEON POINDEXTER	BOARD MEMBER	2.00	Director	$0	$0	$7,500
LUKE MAURER	BOARD MEMBER	2.00	Director	$0	$0	$7,500

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	$436,693	$526,899	$2,931,530	$-90,206
2024	$853,767	$528,884	$3,004,766	$324,883
2023	$396,092	$528,949	$3,068,245	$-132,857
2022	$348,133	$492,996	$3,187,648	$-144,863
2021	$345,234	$488,181	$3,267,366	$-142,947
2020	$301,326	$483,248	$3,387,654	$-181,922
2019	$301,802	$438,726	$3,520,969	$-136,924

REDBANKS REGENCY APARTMENTS INC