ST TIMOTHY PARK APARTMENTS

EIN: 204499264 501(c)(3) Housing & Shelter

CUYAHOGA FALLS, OH

Total Revenue
$435,541
Total Expenses
$473,335
Total Assets
$2,425,557
Net Assets
$2,324,468
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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
OH
Principal Officer
FRED BERRY
Phone
3303841555
Tax Period
2024-07-01 to 2025-06-30

ST TIMOTHY PARK APARTMENTS, founded in 2007, is a small nonprofit in the Housing & Shelter sector that reported $436K in total revenue in fiscal year 2024. Net assets of $2.3M represent 64 months of operating reserves.

Mission

ST. TIMOTHY PARK APARTMENTS, INC. (THE PROJECT), A NOT-FOR-PROFIT ENTITY, OWNS AND OPERATES A 40-UNIT APARTMENT PROJECT LOCATED IN GARFIELD HEIGHTS, OHIO. THE PROJECT COMMENCED OPERATIONS ON DECEMBER 1, 2008. THE PROJECT IS OPERATED UNDER SECTION 202 OF THE NATIONAL HOUSING ACT OF 1959 AND IS REGULATED BY THE U.S. DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT (HUD) WITH RESPECT TO RENTAL CHARGES AND OPERATING METHODS. THE PROJECT'S MAJOR PROGRAM IS ITS SECTION 202 CAPITAL ADVANCE WHICH PROVIDED THE MAJORITY OF THE FUNDING TO DEVELOP THE PROJECT. THE PROJECT ALSO IS SUBJECT TO A PROJECT RENTAL ASSISTANCE CONTRACT (PRAC) WITH HUD, AND A PORTION OF THE PROJECT'SRENTAL INCOME IS RECEIVED FROM HUD.

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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%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $4,500
Program Service Revenue $430,862
Investment Income $51
Other Revenue $128
TOTAL REVENUE $435,541

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $414,083
Other Expenses $473,335
TOTAL EXPENSES $473,335

Year-over-Year Comparison

2024 2023 Change
Revenue $435,541 $447,316 0.0%
Expenses $473,335 $463,649 +0.0%
Net Income $-37,794 $-16,333 +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

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Governance

Voting Members
7
Independent Members
6
Employees
N/A
Volunteers
6

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
4
$99,214
Total Directors
7
$99,214
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
FRED BERRY PRESIDENT/SECRETARY 11.00
Officer Director
$0 $0 $99,214
JOAN MARTIN VICE CHAIRPERSON 1.00
Officer Director
$0 $0 $0
SHARON BOOKER TREASURER 1.00
Officer Director
$0 $0 $0
T MICHAEL TOMSIK TRUSTEE 1.00
Director
$0 $0 $0
ANGELI PERSONS CHAIRPERSON 1.00
Officer Director
$0 $0 $0
CARLA DUNTON TRUSTEE 1.00
Director
$0 $0 $0
FR DAVE DOMANSKI OFM CAP EX-OFFICIO 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 $435,541 $473,335 $2,425,557 $-37,794
2024 No data No data No data No data
2023 $386,899 $525,238 $2,537,294 $-138,339
2022 $400,451 $454,840 $2,653,366 $-54,389
2021 $397,043 $471,258 $2,661,342 $-74,215
2020 $372,196 $431,012 $2,725,174 $-58,816
2019 $373,233 $444,817 $2,766,569 $-71,584
2018 $367,587 $434,487 $2,834,584 $-66,900
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