Elizabeth Center Apartments Urban Renewal Corp (EIN 221849025) - 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

1966

Legal Domicile

Principal Officer

Francisco Gonzalez

Phone

9083515332

Tax Period

2024-01-01 to 2024-12-31

Elizabeth Center Apartments Urban Renewal Corp, founded in 1966, is a community nonprofit that reported $2.8M in total revenue in fiscal year 2024. Expenses of $3.4M exceeded revenue, resulting in a 20% operating deficit.

Mission

The organization seeks to provide housing for low to moderate income individuals.

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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 $2,794,640

Investment Income $1,633

Other Revenue $0

TOTAL REVENUE $2,796,273

Expense Breakdown

Grants Paid $0

Salaries & Benefits $452,831

Fundraising Expenses $0

Program Expenses $3,159,853

Other Expenses $2,908,349

TOTAL EXPENSES $3,361,180

Year-over-Year Comparison

	2024	2023	Change
Revenue	$2,796,273	$2,708,235	+0.0%
Expenses	$3,361,180	$3,039,265	+0.1%
Net Income	$-564,907	$-331,030	+0.7%

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Francisco Gonzalez	President	005.00	Officer Director	$0	$0	$0
Gwendolyn Carter	Vice President	005.00	Officer Director	$0	$0	$0
Misael Rodriquez	Secretary	005.00	Officer Director	$0	$0	$0
Tashima Dorvil	Treasurer	005.00	Officer Director	$0	$0	$0
Kenia Laferte	Member	005.00	Director	$0	$0	$0
Yvonne Nivar	Member	005.00	Director	$0	$0	$0
Edward Cook	Member	005.00	Director	$0	$0	$0
Ruth Thomas	Member	005.00	Director	$0	$0	$0
Veronica McBryde	Member	005.00	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
2024	$2,796,273	$3,361,180	$4,727,905	$-564,907
2023	$2,708,235	$3,039,265	$5,400,030	$-331,030
2022	$2,532,905	$3,259,644	$5,775,332	$-726,739
2021	$2,595,774	$2,861,435	$6,222,556	$-265,661
2020	$2,579,190	$2,681,904	$6,309,425	$-102,714

Elizabeth Center Apartments Urban Renewal Corp