VILLAGE APARTMENTS OF CHERRY HILL NJ (EIN 222390872) - 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

1983

Legal Domicile

Principal Officer

ROBERT WAITE

Phone

8563724181

Tax Period

2022-07-01 to 2023-06-30

VILLAGE APARTMENTS OF CHERRY HILL NJ, founded in 1983, is a community nonprofit in the Housing & Shelter sector that reported $2.0M in total revenue in fiscal year 2022. Expenses of $2.3M exceeded revenue, resulting in a 12% operating deficit.

Mission

PROVIDING HOUSING FOR THE ELDERLY AND HANDICAPPED.

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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 (2022)

Revenue Breakdown

Contributions & Grants $1,567,184

Program Service Revenue $466,743

Investment Income $6,114

Other Revenue $5,614

TOTAL REVENUE $2,045,655

Expense Breakdown

Grants Paid $0

Salaries & Benefits $355,456

Fundraising Expenses $0

Program Expenses $2,119,261

Other Expenses $1,930,759

TOTAL EXPENSES $2,286,215

Year-over-Year Comparison

	2022	2021	Change
Revenue	$2,045,655	$1,985,506	+0.0%
Expenses	$2,286,215	$2,310,553	0.0%
Net Income	$-240,560	$-325,047	-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

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

$212,055

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
REV ROBERT E HUGHES	PRESIDENT	1.00	Officer Director	$0	$0	$0
REV RAYMOND GORMLEY	VICE PRESIDENT	1.00	Officer Director	$0	$0	$0
REV JASON ROCKS	SECRETARY	1.00	Officer Director	$0	$0	$0
REV JOSEPH T SZOLCAK	TREASURER	1.00	Officer Director	$0	$0	$0
MOST REV DENNIS J SULLIVAN	TRUSTEE	1.00	Director	$0	$0	$0
JAMES REYNOLDS	EXECUTIVE DIRECTOR	1.00	Officer	$30,087	$4,838	$162,184
ROBERT WAITE	CONTROLLER	1.00	Officer	$7,745	$9,367	$49,871

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	No data	No data	No data	No data
2023	$2,045,655	$2,286,215	$3,094,479	$-240,560
2022	$1,985,506	$2,310,553	$3,554,647	$-325,047
2021	$1,991,787	$2,184,432	$3,965,981	$-192,645
2020	$1,937,754	$2,151,070	$4,283,719	$-213,316
2019	$1,933,523	$2,271,252	$4,627,849	$-337,729
2018	$1,937,788	$2,160,388	$5,261,705	$-222,600

VILLAGE APARTMENTS OF CHERRY HILL NJ