LEO R TANGUAY APARTMENTS INC (EIN 223100749) - 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

BENEDICT LESSING JR

Phone

4012357000

Tax Period

2023-07-01 to 2024-06-30

LEO R TANGUAY APARTMENTS INC, founded in 1991, is a small nonprofit in the Housing & Shelter sector that reported $130K in total revenue in fiscal year 2023.

Mission

LOW INCOME HOUSING FOR THE DISABLED UNDER SECTION 811 OF THE NATIONAL HOUSING ACT

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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 (2023)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $129,955

Investment Income $204

Other Revenue $0

TOTAL REVENUE $130,159

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $129,939

Other Expenses $129,939

TOTAL EXPENSES $129,939

Year-over-Year Comparison

	2023	2022	Change
Revenue	$130,159	$135,657	0.0%
Expenses	$129,939	$132,166	0.0%
Net Income	$220	$3,491	-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

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
BENEDICT F LESSING	PRESIDENT	1.00	Officer Director	$0	$0	$0
MARIANNE GRONDALSKI	SECRETARY	1.00	Officer Director	$0	$0	$0
DEBRA A HAWES	DIRECTOR	1.00	Director	$0	$0	$0
DANIEL KUBAS-MEYER	DIRECTOR	1.00	Director	$0	$0	$0
JOSEPH GARLICK JR	DIRECTOR	1.00	Director	$0	$0	$0
PAUL M DUMOUCHEL	TREASURER	1.00	Officer Director	$0	$0	$0
STEPHEN KEARNS	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
2025	No data	No data	No data	No data
2024	$130,159	$129,939	$216,957	$220
2023	$135,657	$132,166	$224,581	$3,491
2022	$115,640	$134,123	$256,682	$-18,483
2021	$102,636	$132,713	$250,803	$-30,077
2020	$108,596	$143,454	$271,593	$-34,858
2019	$108,196	$124,985	$304,889	$-16,789

LEO R TANGUAY APARTMENTS INC