WOODLAWN APARTMENTS INC

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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

1999

Legal Domicile

Principal Officer

J BRIAN NEALON

Phone

5185874100

Tax Period

2024-01-01 to 2024-12-31

WOODLAWN APARTMENTS INC, founded in 1999, is a community nonprofit in the Human Services sector that reported $5.5M in total revenue in fiscal year 2024.

Mission

WOODLAWN IS A COMMUNITY OF INDEPENDENT AND ENRICHED HOUSING WITH AN EMPHASIS ON MAINTAINING THAT INDEPENDENCE THROUGHOUT THE AGING PROCESS. WOODLAWN APARTMENTS PROVIDES A SUPPORTIVE ENVIRONMENT THAT CAN BE TAILORED TO MEET A RESIDENT'S PERSONAL NEEDS.

Program Service Accomplishments

Program 1

Expenses: $3,582,612 Revenue: $5,076,290

60 INDEPENDENT UNITS AND 40 ENRICHED HOUSING UNITS WERE PROVIDED TO APPROXIMATELY 120 SENIORS DURING 2024.THE WESLEY COMMUNITY AS A WHOLE HAS EMBRACED A PHILANTHROPIC CULTURE. ON BEHALF OF THE WESLEY COMMUNITY, MANAGEMENT DONATES OVER 750 HOURS PER YEAR OF THEIR OWN TIME TO LOCAL ORGANIZATIONS TO FURTHER SUPPORT THE NOT-FOR-PROFIT NEEDS IN OUR COMMUNITY. WE HAVE STAFF MEMBERS REGULARLY CONTRIBUTING THEIR OWN TIME TO THE ALZHEIMER'S ASSOCIATION, THE SARATOGA SPRINGS LIONS CLUB, SARATOGA ROTARY, LEADERSHIP SARATOGA AND THE SARATOGA COUNTY CHAMBER OF COMMERCE, TO NAME A FEW. ADDITIONALLY, THE WESLEY CAMPUS REGULARLY HOSTS THE ACTIVITIES AND MEETINGS OF OVER 15 NOT-FOR-PROFIT ORGANIZATIONS.

Program 2

Expenses: $1,108,127 Revenue: $104,942

THE ORGANIZATION PROVIDES THREE MEALS PER DAY FOR APPROXIMATELY 14,000 ENRICHED HOUSING RESIDENT DAYS. THE DINING ROOM ALSO SERVES MEALS TO INDEPENDENT RESIDENTS, RESIDENT FAMILIES AND STAFF AT...

THE ORGANIZATION PROVIDES THREE MEALS PER DAY FOR APPROXIMATELY 14,000 ENRICHED HOUSING RESIDENT DAYS. THE DINING ROOM ALSO SERVES MEALS TO INDEPENDENT RESIDENTS, RESIDENT FAMILIES AND STAFF AT REGULAR MENU PRICES.

Program 3

Expenses: $232,642 Revenue: $16,789

HOUSEKEEPING SERVICES ARE PROVIDED TO ALL 40 ENRICHED HOUSING UNITS AS PART OF THEIR MONTHLY RENT. INDEPENDENT RESIDENTS MAY PURCHASE HOUSEKEEPING SERVICES FOR A NOMINAL FEE AS NEEDED.

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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 $39,244

Program Service Revenue $5,271,659

Investment Income $59,290

Other Revenue $110,498

TOTAL REVENUE $5,480,691

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,981,302

Fundraising Expenses $0

Program Expenses $4,972,137

Other Expenses $3,523,211

TOTAL EXPENSES $5,504,513

Year-over-Year Comparison

	2024	2023	Change
Revenue	$5,480,691	$5,191,601	+0.1%
Expenses	$5,504,513	$5,104,614	+0.1%
Net Income	$-23,822	$86,987	-1.3%

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

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

$650,811

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
J BRIAN NEALON	CEO	5.00	Officer	$0	$17,200	$321,200
SHELLY AMATO	CSO	5.00	Officer	$0	$526	$193,779
KATHERINE LAHOFF	CFO	5.00	Officer	$0	$13,416	$135,832
TARA PLEAT	President	1.00	Officer Director	$0	$0	$0
DEBORAH DAMM-O'BRIEN	Vice President	1.00	Officer Director	$0	$0	$0
RAYMOND MARTIN	Treasurer	1.00	Officer Director	$0	$0	$0
KELLI DERWAY	Director	1.00	Director	$0	$0	$0
BROOKE PANCOE	Director	1.00	Director	$0	$0	$0
JESSE BOUCHER	Secretary	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	$5,480,691	$5,504,513	$7,638,382	$-23,822
2023	$5,191,601	$5,104,614	$8,737,480	$86,987
2022	$5,055,674	$5,018,400	$9,830,253	$37,274
2021	$4,824,170	$4,837,355	$10,926,969	$-13,185
2020	$4,817,703	$4,912,120	$11,874,525	$-94,417
2019	$4,496,852	$4,402,313	$12,306,143	$94,539
2018	$4,520,983	$4,208,590	$10,449,487	$312,393