LOCAL 108 REALTY CORPORATION (EIN 223741414) - 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

2001

Legal Domicile

Principal Officer

CHARLES N HALL JR

Phone

9737627224

Tax Period

2023-08-01 to 2024-07-31

LOCAL 108 REALTY CORPORATION, founded in 2001, is a micro nonprofit in the Community Improvement sector that reported $55K in total revenue in fiscal year 2023. Revenue fell 26% from the prior year — a significant decline worth monitoring. Expenses of $69K exceeded revenue, resulting in a 26% operating deficit.

Mission

LOCAL 108 REALTY CORPORATION IS A TITLE HOLDING COMPANY UNDER INTERNAL CODE SECTION 501(C)(2) THAT COLLECTS RENTAL INCOME AND REMITS THE ENTIRE AMOUNT, LESS EXPENSES, TO LOCAL 108 (RWSDU).

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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 $55,175

Investment Income $0

Other Revenue $0

TOTAL REVENUE $55,175

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $69,327

TOTAL EXPENSES $69,327

Year-over-Year Comparison

	2023	2022	Change
Revenue	$55,175	$74,662	-0.3%
Expenses	$69,327	$340,739	-0.8%
Net Income	$-14,152	$-266,077	-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

N/A

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

Total Directors

$223,550

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
CHARLES N HALL JR	TRUSTEE	1.00	Director	$0	$24,089	$223,550
CHARLES N HALL SR	TRUSTEE	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	$55,175	$69,327	$565,989	$-14,152
2023	$74,662	$340,739	$580,141	$-266,077
2022	$111,250	$87,468	$868,518	$23,782
2021	$116,269	$69,519	$832,736	$46,750
2020	$100,050	$75,114	$846,262	$24,936
2019	$157,775	$84,277	$818,100	$73,498
2018	$100,050	$86,317	$755,365	$13,733

LOCAL 108 REALTY CORPORATION