LEWIS MALL APARTMENTS INC (EIN 223240371) - 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

1992

Legal Domicile

Principal Officer

SALVATORE COLOMBO

Phone

6175695590

Tax Period

2024-10-01 to 2025-09-30

LEWIS MALL APARTMENTS INC, founded in 1992, is a small nonprofit that reported $717K in total revenue in fiscal year 2024. Revenue grew 13% year-over-year, indicating healthy expansion.

Mission

TO PROVIDE AFFORDABLE HOUSING FACILITIES AND RELATED SUPPORT SERVICES TO LOW INCOME ELDERLY AND DISABLED 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 $900

Program Service Revenue $713,775

Investment Income $2,587

Other Revenue $0

TOTAL REVENUE $717,262

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $516,466

Other Expenses $719,622

TOTAL EXPENSES $719,622

Year-over-Year Comparison

	2024	2023	Change
Revenue	$717,262	$634,716	+0.1%
Expenses	$719,622	$713,381	+0.0%
Net Income	$-2,360	$-78,665	-1.0%

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

$372,991

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
GREGORY WILMOT	PRESIDENT	1.00	Officer	$0	$0	$0
SALVATORE J COLOMBO	TREASURER	1.00	Officer	$0	$20,541	$372,991
RUTH CAPONE	CLERK	1.00	Officer	$0	$0	$0
JEAN STAROPOLI	DIRECTOR	1.00	Director	$0	$0	$0
STANLEY BUONAGURIO	DIRECTOR	1.00	Director	$0	$0	$0
PASQUALE CORDISCO	DIRECTOR	1.00	Director	$0	$0	$0
CALAY IP	DIRECTOR	1.00	Director	$0	$0	$0
RITA SORRENTO	DIRECTOR	1.00	Director	$0	$0	$0
ALBERT J CALDARELLI	FORMER PRESIDENT/EBCDC, INC.	1.00	Highest	$0	$3,553	$529,751
ALBERT J FESTA	COO/EBCDC, INC.	1.00	Highest	$0	$17,398	$324,351
CYNTHIA A FRONDUTO LOPEZ	CFO/EBCDC, INC.	1.00	Highest	$0	$34,379	$288,728
TANYA HAHNEL	DIRECTOR OF REAL ESTATE/EBCDC, INC.	1.00	Highest	$0	$19,692	$187,769

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	$717,262	$719,622	$1,687,607	$-2,360
2024	$634,716	$713,381	$1,672,843	$-78,665
2023	$581,338	$644,394	$1,734,028	$-63,056
2022	$498,434	$551,686	$1,794,502	$-53,252
2021	$528,662	$530,627	$1,879,708	$-1,965
2020	$474,179	$537,929	$1,958,821	$-63,750
2019	$448,011	$553,251	$1,951,940	$-105,240
2018	$440,949	$516,744	$2,054,415	$-75,795

LEWIS MALL APARTMENTS INC