MACE APARTMENTS (EIN 204044976) - 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

2008

Legal Domicile

Principal Officer

MYRA WALKER

Phone

9314324111

Tax Period

2023-07-01 to 2024-06-30

MACE APARTMENTS, founded in 2008, is a micro nonprofit in the Housing & Shelter sector that reported $78K in total revenue in fiscal year 2023. Revenue surged 33% from the prior year, signaling strong growth momentum. Expenses of $106K exceeded revenue, resulting in a 36% operating deficit.

Mission

THIS PROPERTY HAS A COMMITMENT TO SERVE THE ELDERLY THROUGH AFFORDABLE HOUSING AND MAKES EVERY EFFORT TO PROVIDE AN ENVIRONMENT CONDUCIVE TO THE WELL BEING OF THE PERSON.

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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 $23,206

Program Service Revenue $33,649

Investment Income $2

Other Revenue $20,795

TOTAL REVENUE $77,652

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $94,465

Other Expenses $105,560

TOTAL EXPENSES $105,560

Year-over-Year Comparison

	2023	2022	Change
Revenue	$77,652	$58,512	+0.3%
Expenses	$105,560	$97,265	+0.1%
Net Income	$-27,908	$-38,753	-0.3%

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

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
MARIE FERRAN	SECRETARY/TREASURER	1.00	Officer Director	$0	$0	$0
MARVIN LUSK	DIRECTOR	1.00	Director	$0	$0	$0
HOLLY WILLIAMS	CHAIRPERSON	1.00	Officer 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	No data	No data	No data	No data
2024	$77,652	$105,560	$835,700	$-27,908
2023	$58,512	$97,265	$861,778	$-38,753
2022	$53,197	$96,666	$897,152	$-43,469
2021	$53,572	$85,781	$934,626	$-32,209
2020	$52,959	$92,799	$962,157	$-39,840
2019	$58,354	$86,264	$998,731	$-27,910

MACE APARTMENTS