TCS-I MIDTOWN APARTMENTS

EIN: 231716928 501(c)(3) Housing & Shelter

SCRANTON, PA

Total Revenue
$1,998,048
Total Expenses
$1,822,005
Total Assets
$4,411,576
Net Assets
$3,343,948
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1970
Principal Officer
JEAN ANNE MANZO
Phone
5703449823
Tax Period
2024-11-01 to 2025-10-31

TCS-I MIDTOWN APARTMENTS, founded in 1970, is a community nonprofit in the Housing & Shelter sector that reported $2.0M in total revenue in fiscal year 2024. Expenses of $1.8M left a modest 9% surplus.

Mission

THE ORGANIZATION'S MISSION IS TO PROVIDE AFFORDABLE HOUSING TO LOWER INCOME RESIDENTS OF THE CITY OF SCRANTON, THAT IS COMFORTABLE, CLEAN, MODERN, AND SAFE. THE ORGANZATION FULFILLS ITS MISSION BY CONTINUALLY REINVESTING IN THE PHYSICAL AND AESTHETIC QUALITY OF ITS 233 RESIDENTIAL UNITS, WHILE CHARGING RENTS THAT ARE CONSISTENTLY 35% TO 40% BELOW PREVALING MARKET RENT RATES IN THE REGION, THUS MAKING THE UNITS AFFORDABLE FOR CURRENT AND POTENTIAL TENANTS WITH LOWER INCOMES.

Program Service Accomplishments

Program 1
Expenses: $1,822,005 Revenue: $1,901,027

PROVIDED 233 UNITS OF AFFORDABLE, COMFORTABLE, CLEAN, MODERN, AND SAFE HOUSING TO LOWER INCOME RESIDENTS OF THE CITY OF SCRANTON. THE ORGANIZATION HAS MADE THE UNITS AFFORDABLE TO ITS TENANTS BY...

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PROVIDED 233 UNITS OF AFFORDABLE, COMFORTABLE, CLEAN, MODERN, AND SAFE HOUSING TO LOWER INCOME RESIDENTS OF THE CITY OF SCRANTON. THE ORGANIZATION HAS MADE THE UNITS AFFORDABLE TO ITS TENANTS BY CHARGING MONTHLY RENTS THAT CONTINUALLY AVERAGE 35% TO 40% BELOW PREVAILING MARKET RATES. THE ORGANIZATION MADE ITS AFFORDABLE HOUSING COMFORTABLE, CLEAN, AND MODERN BY INVESTING 943,000 IN PROPERTY AND EQUIPMENT ADDITIONS AND RENOVATIONS OVER THE LAST 5 YEARS, AND AN ADDITIONAL 2,460,000 IN CAPITAL IMPROVEMENTS DURING THE PREVIOUS 5 YEARS. AS A RESULT OF THESE ADDITIONS AND RENOVATIONS, THE ORGANZATION'S HOUSING COMPLEX AND PROPERTY IS A SOURCE OF BEAUTY AND PRIDE FOR ITS RESIDENTS AND THE COMMUNITY AT LARGE, WHILE STILL PROVIDING CITIZENS WITH LOWER INCOMES THE ABILITY TO RESIDE HERE. THE ORGANIZATION MAINTAINED THE SAFETY OF ITS RESIDENTIAL UNITS BY (A) CONTRACTING WITH THE CITY OF SCRANTON FOR POLICE SECURITY COVERAGE; (B) MAINTAINING A LARGE, STATE OF THE ART VIDEO SECURITY SYSTEM, AND (C) PROVIDING A LARGE, NEATLY MANICURED GREEN SPACE WITHIN THE PROPERTY FOR RESIDENT TENANTS OF ALL AGES TO ENJOY.

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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%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $70,000
Program Service Revenue $1,901,027
Investment Income $27,021
Other Revenue $0
TOTAL REVENUE $1,998,048

Expense Breakdown

Grants Paid $0
Salaries & Benefits $503,184
Fundraising Expenses $0
Program Expenses $1,822,005
Other Expenses $1,318,821
TOTAL EXPENSES $1,822,005

Year-over-Year Comparison

2024 2023 Change
Revenue $1,998,048 $1,878,551 +0.1%
Expenses $1,822,005 $1,768,814 +0.0%
Net Income $176,043 $109,737 +0.6%
Key Indicators
✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required
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Governance

Voting Members
10
Independent Members
9
Employees
12
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
5
$177,170
Total Directors
10
$177,170
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
JEAN ANNE MANZO EX. DIRECTOR 43.00
Officer Director
$82,488 $12,390 $94,878
EDIS HANIC TREASURER 40.00
Officer Director
$71,319 $10,973 $82,292
KEITH TUCKER DECEASED DIRECTOR 2.00
Director
$0 $0 $0
SANDY FRAZIER DIRECTOR 2.00
Director
$0 $0 $0
TAMMY JACKSON SECRETARY 4.00
Officer Director
$0 $0 $0
HERB KNELLER PRESIDENT 7.00
Officer Director
$0 $0 $0
LORRIE LOUGHNEY DIRECTOR 2.00
Director
$0 $0 $0
FIKILE RYDER DIRECTOR 2.00
Director
$0 $0 $0
ASHLEY STEFANOVICH DIRECTOR 2.00
Director
$0 $0 $0
DAVID WEGNER VICE PRESIDE 5.00
Officer 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 $1,998,048 $1,822,005 $4,411,576 $176,043
2024 $1,878,551 $1,768,814 $4,321,378 $109,737
2023 $1,782,395 $1,767,266 $4,345,232 $15,129
2022 $1,699,676 $1,706,456 $4,556,948 $-6,780
2021 $1,725,086 $1,555,090 $4,543,049 $169,996
2020 $1,652,931 $1,422,271 $4,489,484 $230,660
2019 $1,664,356 $1,441,515 $4,363,391 $222,841
2018 $1,767,811 $1,634,224 $4,236,087 $133,587
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