SCHOOLHOUSE APARTMENTS INC (EIN 223035438) - 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

1991

Legal Domicile

Principal Officer

BRIAN H HOLLSTEIN

Phone

2039720020

Tax Period

2024-01-01 to 2024-12-31

SCHOOLHOUSE APARTMENTS INC, founded in 1991, is a small nonprofit in the Housing & Shelter sector that reported $874K in total revenue in fiscal year 2024. Expenses of $842K left a modest 4% surplus.

Mission

THE CORPORATION OWNS AND OPERATES 41 LOW-INCOME ELDERLY HOUSING UNITS WHICH ARE SUBSIDIZED BY THE DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT.

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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 $4,996

Program Service Revenue $868,654

Investment Income $495

Other Revenue $0

TOTAL REVENUE $874,145

Expense Breakdown

Grants Paid $0

Salaries & Benefits $112,488

Fundraising Expenses $0

Program Expenses $718,992

Other Expenses $729,663

TOTAL EXPENSES $842,151

Year-over-Year Comparison

	2024	2023	Change
Revenue	$874,145	$874,032	+0.0%
Expenses	$842,151	$826,934	+0.0%
Net Income	$31,994	$47,098	-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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
BRIAN H HOLLSTEIN	PRESIDENT	5.00	Officer Director	$0	$0	$0
JOHN KERCHOFF	VICE PRESIDENT	1.00	Officer Director	$0	$0	$0
STEVEN JOEL PELZNER	SECRETARY	2.00	Officer Director	$0	$0	$0
RICHARD BROOKSHIRE	TREASURER	2.00	Officer Director	$0	$0	$0
AGATA ASPINWALL	DIRECTOR	1.00	Director	$0	$0	$0
ELIZABETH COSCO	DIRECTOR	1.00	Director	$0	$0	$0
CLEMENTINA GARDNER	DIRECTOR	1.00	Director	$0	$0	$0
REV DR R SCOTT HERR	DIRECTOR	1.00	Director	$0	$0	$0
RALPH HILLS	DIRECTOR	1.00	Director	$0	$0	$0
KELLY MCDERMOTT	DIRECTOR	1.00	Director	$0	$0	$0
SHEILA G ROSENTHAL	DIRECTOR	1.00	Director	$0	$0	$0
ROGER SAUNDERS	DIRECTOR	1.00	Director	$0	$0	$0
ROBIN SCHUH	DIRECTOR	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
2024	$874,145	$842,151	$2,836,561	$31,994
2023	$874,032	$826,934	$2,895,884	$47,098
2022	$833,803	$890,437	$2,953,309	$-56,634
2021	$818,165	$829,425	$3,031,524	$-11,260
2020	$836,685	$789,513	$3,106,039	$47,172
2019	$801,723	$800,908	$3,116,239	$815
2018	$785,423	$800,106	$3,187,805	$-14,683

SCHOOLHOUSE APARTMENTS INC