CAMDEN APARTMENTS INCORPORATED (EIN 222291365) - 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

1978

Legal Domicile

Principal Officer

RANDEL DENTON

Phone

3153371401

Tax Period

2024-01-01 to 2024-12-31

CAMDEN APARTMENTS INCORPORATED, founded in 1978, is a small nonprofit that reported $280K in total revenue in fiscal year 2024. Revenue fell 47% from the prior year — a significant decline worth monitoring. Expenses of $253K left a modest 10% surplus.

Mission

CAMDEN APARTMENTS, INCORPORATED OPERATES A 40 UNIT APARTMENT PROJECT IN CAMDEN, NY. THE ORGANIZATION PRIMARILY PROVIDES HOUSING FOR TENANTS.

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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 $276,068

Investment Income $240

Other Revenue $3,810

TOTAL REVENUE $280,118

Expense Breakdown

Grants Paid $0

Salaries & Benefits $104,176

Fundraising Expenses $0

Program Expenses $137,586

Other Expenses $148,546

TOTAL EXPENSES $252,722

Year-over-Year Comparison

	2024	2023	Change
Revenue	$280,118	$532,686	-0.5%
Expenses	$252,722	$239,194	+0.1%
Net Income	$27,396	$293,492	-0.9%

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	Role	Reportable Comp	Other Comp	Total
DONALD DAVIDSON	VICE PRESIDENT	Officer Director	$0	$0	$0
DAVID CARELLO	PRESIDENT	Officer Director	$0	$0	$0
PATRICIA CAPRIO	VICE PRESIDENT	Officer Director	$0	$0	$0
JOHN F BUFFA	TREASURER	Officer Director	$0	$0	$0
DAVID COLLIS	SECRETARY	Officer Director	$0	$0	$0
WALTER MADEJ	CHAPLAIN	Officer Director	$0	$0	$0
TIMOTHY BIRNIE	BOARD MEMBER	Director	$0	$0	$0
FREDERICK T GRIFFIN	BOARD MEMBER	Director	$0	$0	$0
CHARMAINE ROSADO	BOARD MEMBER	Director	$0	$0	$0
JOHN B LIGAS	BOARD MEMBER	Director	$0	$0	$0
MATTHEW NIMEY	BOARD MEMBER	Director	$0	$0	$0
ROBERT RYAN	BOARD MEMBER	Director	$0	$0	$0
CHRISTINA SANFILIPPO	BOARD MEMBER	Director	$0	$0	$0
JOHN N VAGIANELIS	BOARD MEMBER	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	$280,118	$252,722	$704,530	$27,396
2023	$532,686	$239,194	$910,685	$293,492
2022	$272,517	$234,420	$639,192	$38,097
2021	$277,112	$199,618	$626,015	$77,494
2020	$253,945	$201,748	$592,549	$52,197
2019	$257,738	$196,742	$554,780	$60,996
2018	$236,616	$228,505	$519,161	$8,111

CAMDEN APARTMENTS INCORPORATED