PRESBYTERIAN APARTMENTS AT 58TH ST… - Form 990 Financial Data

🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Financial Trends

Organization Details

Formation Year

1990

Legal Domicile

Principal Officer

JOHN H COCHRANE III

Phone

6108341001

Tax Period

2023-01-01 to 2023-12-31

PRESBYTERIAN APARTMENTS AT 58TH STREET INC, founded in 1990, is a community nonprofit in the Housing & Shelter sector that reported $1.3M in total revenue in fiscal year 2023. Expenses of $1.4M exceeded revenue, resulting in a 14% operating deficit.

Mission

AT HUMANGOOD WE BELIEVE EVERYONE SHOULD HAVE THE OPPORTUNITY TO LIVE WITH ENTHUSIASM, CONFIDENCE, AND SECURITY, REGARDLESS OF PHYSICAL, SOCIAL, OR ECONOMIC CIRCUMSTRANCES. AND WHEN WE SAY EVERYONE, WE MEAN EVERYONE - INCLUDING YOU.

Program Service Accomplishments

Program 1

Expenses: $1,391,947 Revenue: $309,795

THE ORGANIZATION ENGAGES IN THE OPERATION, MAINTENANCE, AND SUPPORT OF A 75 UNIT AFFORDABLE HOUSING APARTMENT BUILDING FOR THE ELDERLY AND PHYSICALLY DISABLED, OFFERING SUPPORT SERVICES AND...

THE ORGANIZATION ENGAGES IN THE OPERATION, MAINTENANCE, AND SUPPORT OF A 75 UNIT AFFORDABLE HOUSING APARTMENT BUILDING FOR THE ELDERLY AND PHYSICALLY DISABLED, OFFERING SUPPORT SERVICES AND RECREATIONAL ACTIVITIES TO FACILITATE INCREASED SOCIALIZATION AND ENRICHMENT FOR ALL RESIDENTS IN A POSITIVE AND WELCOMING ENVIRONMENT. 74 OF THE 75 UNITS ARE AVAILABLE TO RESIDENTS.

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $947,334

Program Service Revenue $309,795

Investment Income $758

Other Revenue $8,693

TOTAL REVENUE $1,266,580

Expense Breakdown

Grants Paid $0

Salaries & Benefits $234,289

Fundraising Expenses $0

Program Expenses $1,391,947

Other Expenses $1,214,723

TOTAL EXPENSES $1,449,012

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,266,580	$1,204,511	+0.1%
Expenses	$1,449,012	$1,591,253	-0.1%
Net Income	$-182,432	$-386,742	-0.5%

Key Indicators

✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required

🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

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

$4,118,620

Total Directors

$451,000

Key Employees

$458,683

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
RANDALL STAMPER	CHAIR	0.10	Officer Director	$0	$0	$73,000
ALBERT KELLEY	VICE CHAIR	0.10	Officer Director	$0	$0	$63,000
H DECLAN BROWN	SECRETARY	0.10	Officer Director	$0	$0	$63,000
JUDITH BAKER	BOARD MEMBER	0.10	Director	$0	$0	$63,000
REV MICHELLE HOLMES	BOARD MEMBER	0.10	Director	$0	$0	$63,000
WILLIAM BATISON	BOARD MEMBER	0.10	Director	$0	$0	$63,000
ALLAN GRIFFITH	BOARD MEMBER	0.10	Director	$0	$0	$63,000
JOHN H COCHRANE III	CHIEF EXECUTIVE OFFICER	0.50	Officer	$0	$40,383	$1,137,774
DANIEL OGUS	CHIEF OPERATING OFFICER	0.50	Officer	$0	$41,587	$895,319
ANDREW MCDONALD	CHIEF FINANCIAL OFFICER	0.50	Officer	$0	$40,715	$651,891
BETHANY GHASSEMI	CHIEF LEGAL OFFICER	0.50	Officer	$0	$15,193	$560,689
ANIKA HARTOUNIAN	VP OF FINANCE	0.50	Officer	$0	$38,036	$334,595
NICK LINDBERG	CHIEF INFORMATION OFFICE	0.50	Officer	$0	$1,975	$229,272
MIN FLEMING MENG	CHIEF INFORMATION OFFICE	0.00	Officer	$0	$0	$110,080
JENNIFER KAPPEN	SVP - AFFORDABLE HOUSING	8.00	Key Emp	$0	$47,857	$458,683

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	No data	No data	No data	No data
2023	$1,266,580	$1,449,012	$7,171,414	$-182,432
2022	$1,204,511	$1,591,253	$7,384,723	$-386,742
2021	$1,234,992	$1,309,494	$7,692,538	$-74,502
2020	$1,221,753	$1,304,811	$7,664,761	$-83,058
2019	$1,192,292	$1,313,871	$7,831,962	$-121,579
2018	$1,156,177	$1,180,457	$8,654,827	$-24,280

PRESBYTERIAN APARTMENTS AT 58TH STREET INC